Bill Gates wrote:
ARPA-E might be my favorite obscure government agency. In fact, it’s one of the reasons I felt confident about being part of a $1 billion investment fund last year.
The fund, Breakthrough Energy Ventures, builds companies that will deliver affordable, reliable clean energy around the world. Ultimately, we want to help people escape poverty, promote energy independence, reduce pollution, and avoid the worst effects of climate change. The idea is to invest the private capital that helps entrepreneurs take promising zero-emissions energy technologies out of the lab and into the market. Read more