U.S. May Spend $130 Million for Energy Research, Chu Says
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The U.S. Energy Department said it will provide as much as $130 million for projects in its Advanced Research Projects Agency-Energy, known as ARPA-E.
The funding is for five categories: producing biofuels as an alternative to oil, storing thermal energy, finding alternatives to expensive rare-earth minerals, maintaining electric grid reliability as renewable sources are added and reducing costs for solar power, according to a statement.