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The Energy Innovation Acceleration Program (IAP) - also called U-Launch - has had a significant impact on early stage clean energy companies in the Northeast and on the clean energy economy in the Northeast, not only during program execution (2010-2014), but continuing into the future. Key results include: Leverage ratio of 105:1; $105M in follow-on funding (upon $1M investment by EERE); At least 19 commercial products launched; At least 17 new industry partnerships formed; At least $6.5M in revenue generated;>140 jobs created; 60% of assisted companies received follow-on funding within 1 year of program completion; In addition to the direct measurable program results summarized above, two primary lessons emerged from our work executing Energy IAP:; Validation and demonstration awards have an outsized, 'tipping-point' effect for startups looking to secure investments and strategic partnerships. An ecosystem approach is valuable, but an approach that evaluates the needs of individual companies and then draws from diverse ecosystem resources to fill them, is most valuable of all.
A widespread and rapid transition to a low-carbon energy system by 2050 is essential to keep pace with ambitious policy goals and avoid the worst consequences of climate change. Innovation is necessary to lower costs and improve performance of existing technologies and to develop new clean energy options that address challenges in harder-to-decarbonize sectors. To examine means by which the U.S. federal government can rise to this challenge, the National Academies of Sciences, Engineering, and Medicine hosted a virtual workshop series "Enhancing Federal Clean Energy Innovation" on July 27 to August 7, 2020. The workshop featured timely, action-orientated assessments of how to strengthen development and penetration of new clean energy technologies. This publication summarizes the presentations and discussions that occurred over the course of the workshop.
Accelerating energy innovation could be an important part of an effective response to the threat of climate change. Written by a stellar group of experts in the field, this book complements existing research on the subject with an exploration of the role that public and private policy have played in enabling—and sustaining—swift innovation in a variety of industries, from agriculture and the life sciences to information technology. Chapters highlight the factors that have determined the impact of past policies, and suggest that effectively managed federal funding, strategies to increase customer demand, and the enabling of aggressive competition from new firms are important ingredients for policies that affect innovative activity.
Soooo, what is an accelerator, and how do they actually work? Are they worth it for entrepreneurs, companies, and investors? What pieces of advice should ALL entrepreneurs know (according to the experts)? If these are your questions, "Accelerate This!" is for you. Written by Ryan Kushner (The Accelerator Guy - www.acceleratorguy.com), "Accelerate This!" features interviews and tips from the world's best programs (Y Combinator, Techstars, 500 Startups, Cleantech Open, Google/Alphabet X, The Buckminster Fuller Institute, XPrize, Elemental Excelerator, Free Electrons and many more), and is backed by The World Bank, WWF, Asian Development Bank, New Energy Nexus and The California Clean Energy Fund. This highly visual, thoroughly researched and super not boring book cuts through the confusion so you can: - Understand accelerators from the perspective of an entrepreneur, investor, organization, or government - Learn how to grow your idea into a business through Lean Startup, Business Model Canvas, Customer Development and more- Understand if an accelerator is right for you - Create an accelerator program (or run yours better) Bonus! Each book comes with a carbon offset baked in, so this is a carbon neutral book. Buy, enjoy, share, turn into paper airplanes and throw at your friends. Just get busy doing, creating and making positive change in the world. We need it - and we hope "Accelerate This!" gives you the kick in the pants you are after. Waaaabam!
Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America's advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study's focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.
This book addresses the question: how effective are countries in promoting the innovation needed to facilitate an energy transition? At the heart of the book is a set of empirical case studies covering supply and demand side technologies at different levels of maturity in a variety of countries. The case studies are set within an analytical framework encompassing the functions of technological innovation systems and innovation metrics. The book concludes with lessons and recommendations for effective policy intervention.
Clean energy innovation is central to the fight against climate change. To rise to this challenge, the United States should launch a National Energy Innovation Mission. Led by the president and authorized by Congress, this mission should harness the nation's unmatched innovative capabilities-at research universities, federal laboratories, and private firms (both large and small), in all regions of the country-to speed the progress of clean energy technologies. To jumpstart this mission and unlock a virtuous cycle of public and private investment, the US federal government should triple its funding for energy research, development, and demonstration (RD&D) over the next five years to $25 billion by 2025. "Energizing America" offers policymakers a strategic framework to build a growing RD&D portfolio over the next five years, detailed fundingproposals across the full spectrum of critical energy technologies, and recommendations for immediate action.
One of the greatest challenges facing human civilization is the provision of secure, affordable energy without causing catastrophic environmental damage. As the world's largest economy, and as a world leader in energy technologies, the United States is a particularly important case. In the light of increased competition from other countries (particularly China), growing concerns about the local and global environmental impacts of the energy system, an ever-present interest in energy security, and the realization that technological innovation takes place in a complex ecosystem involving a wide range of domestic and international actors, this volume provides a comprehensive and analytical assessment of the role that the US government should play in energy technology innovation. It will be invaluable for policy makers in energy innovation and for researchers studying energy innovation, future energy technologies, climate-change mitigation, and innovation management. It will act as a supplementary textbook for courses on energy and innovation.
Re-orienting current energy systems toward a far greater reliance on technologies with low or no carbon dioxide emissions is an immense challenge. At the broadest level the histories presented here are very much consistent with widely held views within the energy innovation policy literature. In general, this literature has suggested that greatly increasing rates of energy innovation requires creating significant demand for low carbon technologies, substantially increased federal funding for "well-managed" research, and in at least some cases support for the initial deployment of new technologies. As the other markets explored in this volume do not face the same degree of unpriced environmental externality, there is no straightforward equivalent to a carbon price in the history of agriculture, chemicals, IT or biopharmaceuticals. Nonetheless, our authors outline a number of ways in which public policy has often stimulated demand, particularly in the early stages of a technology's evolution, and confirm that the expectation of rapidly growing demand appears to have been a major stimulus to private sector investment in innovation. Each history also confirms the centrality of publicly funded research to the generation of innovation, particularly in the early stages of an industry's history, and highlights a range of institutional mechanisms that have enabled it to be simultaneously path breaking and directly connected to industrial practice. Our histories depart somewhat from the bulk of the energy innovation policy literature in focusing attention on the role of vigorous competition - particularly entry - in stimulating innovation, suggesting that in several industries a mix of public policies - including procurement, antitrust and intellectual property protection - played an important role in stimulating innovation by encouraging extensive competition and entry by newly founded firms. Many of the most innovative industries profiled here have been characterized by a lively "innovation ecosystem" that both rapidly incorporated the results of publicly funded research and supports widespread private sector experimentation and rapid entry. There are, of course important differences between the industries profiled here and the energy sector, but we believe that exploring the potential of these kinds of innovation ecosystems in clean energy might be a fruitful avenue for future research.
Experts outline a plan to overhaul the U.S. energy innovation system for accelerated, large-scale adoption of reliable, low-cost, low-carbon energy technologies. Energy innovation offers us our best chance to solve the three urgent and interrelated problems of climate change, worldwide insecurity over energy supplies, and rapidly growing energy demand. But if we are to achieve a timely transition to reliable, low-cost, low-carbon energy, the U.S. energy innovation system must be radically overhauled. Unlocking Energy Innovation outlines an up-to-the-minute plan for remaking America's energy innovation system by tapping the country's entrepreneurial strengths and regional diversity in both the public and private spheres. “Business as usual” will not fill the energy innovation gap. Only the kind of systemic, transformative changes to our energy innovation system described in this provocative book will help us avert the most dire scenarios and achieve a sustainable and secure energy future.