Congress should consider increasing funding for the Advanced Research Projects Agency for Energy to $1.5 billion.
The ARPA-E program is critical to securing American clean energy competitiveness by developing a new generation of affordable technologies that can form the basis of a new export-oriented clean energy growth strategy. But the funding level for this innovative program remains far too small to keep up with either our economic competitors or the scale of need. Congress should work to increase ARPA-E’s budget to $1.5 billion in five years, and $3 billion in ten years. Funding at this level would eventually bring ARPA-E to the same scale at which DARPA is funded today. Given the expected multi-trillion dollar scale of the clean energy industry, only funding levels of this order of magnitude will spur the pace of innovation and entrepreneurialism necessary in the clean energy industry.