Green Tech Initiatives Announced
Energy Secretary Steven Chu Monday announced his department's Advanced Research Projects Agency will use $100 million from the economic stimulus package to accelerate investment in green technology. At the same event, Commerce Secretary Gary Locke also announced that the Patent and Trademark Office will launch a pilot program to accelerate the examination of certain green technology patent applications. "By ensuring that many new products will receive patent protection more quickly, we can encourage our brightest innovators to invest needed resources in developing new technologies and help bring those technologies to market more quickly," Locke said in a statement.
The Energy Department's initiative is the second round of funding aimed at promoting the development of green technologies. It will focus on research into biofuels, carbon capture, and batteries for electric vehicles. The first round of funding announced earlier this year provided money for 37 projects focused on such areas as energy storage, biofuels, carbon capture, renewable power, building efficiency and vehicles.
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Innovation
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