"It’s crazy how little we’re funding energy" - Bill Gates
"It’s crazy how little we’re funding energy" - Bill Gates Energy research is underfunded by a factor of two, Gates said, referring to the amount of current U.S. government investment in energy research. Underfunding energy research means there is a higher risk that we won’t be able to deliver the needed energy breakthroughs, said Gates. Gates pointed out that funding basic research naturally has a high failure rate: Potentially 90 percent of the projects in ARPA-E won’t make a dent in the future of energy technology, he said. “Look at the battery companies [at ARPA-E], and if you can find the one out of ten that will breakthrough, then great, go invest in it,” said Gates. by Earth2Tech by Katie Fehrenbacher Related articles Bill Gates: The lack of energy funding is crazy (gigaom.com) Bill Gates on Insanity and Energy R&D (news.sciencemag.org) Bill Clinton: We need to boost the budget for energy (gigaom.com) Inventing the Energy Future: Bill G...