"It’s crazy how little we’re funding energy" - Bill Gates

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.

© Guerito 2005

by Earth2Tech by Katie Fehrenbacher

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