Matthew Wald of The New York Times recently reported on the success of a new Department of Energy program Advanced Research Projects Agency-Energy, better known as ARPA-E, because the government grants were not receiving private sector support. The ARPA-E program is designed to fund high-risk, high-reward projects that the private sector would not embark upon on its own. Specifically ARPA-E is “responsible for funding specific high-risk, high-payoff, game-changing research and development projects to meet the nation’s long-term energy challenges.”

One example Wald points to is FloDesign. He writes, “FloDesign, which is working on a more efficient … Continue Reading