1. Catalyzing Energy Breakthroughs for a Secure American Future http://arpa-e.energy.gov/

2. Advanced Research Projects Agency Energy What is the Advanced Research Projects Agency – Energy (ARPA-E)? Funds R&D to translate science into breakthrough energy technologies: too risky for private sector funding if successful, would make today’s technology obsolete potentially large commercial impact ensure U.S. technological lead in the world ensure national, economic, and environmental securities 2

3. Advanced Research Projects Agency Energy 2006 Rising Above the Gathering Storm (National Academies) 2007 America COMPETES Act Innovation based on science and engineering will be primary driver of our future prosperity & security 2009 American Recovery and Reinvestment Act ($400M appropriated) Creation & Launching of ARPA-E 3 2012 FY2012 Budget ($180M House Bill $250M Senate Bill) 2011 FY2011 Budget ($180M appropriated) President Obama launches ARPA-E at National Academies on April 27, 2009

4. Advanced Research Projects Agency Energy ARPA-E’s mission is to overcome the high-risk technological barriers in the development of energy technologies (A)promoting revolutionary advances in fundamental sciences (B)translating scientific discoveries into technological innovations (C)accelerating transformational technological advances in areas that industry by itself is not likely to undertake (A)promoting revolutionary advances in fundamental sciences (B)translating scientific discoveries into technological innovations (C)accelerating transformational technological advances in areas that industry by itself is not likely to undertake 4 Reduce Energy- Related Emissions Improve Energy Efficiency Reduce Energy Imports

5. Advanced Research Projects Agency Energy Office of Science Applied Energy Offices Technology Maturity Technology Risk High Risk High Payoff Low Risk Evolutionary Deployment Basic Science Venture Capital and Small Businesses Private Equity/Capital & Large Corporations Loan Guarantee Program Government Procurement ARPA-E Technology Transition Path

6. Advanced Research Projects Agency Energy ARPA-E’s program development process is extremely fast 6 From Program Conception to Execution in 6-8 Months Program Development Cycle

7. Advanced Research Projects Agency Energy Full apps. reviewed by multiple experts, members meet and provide final evaluations for discussion The Funding Opportunity Announcement (FOA) process is fast-paced, but deliberative Concept Paper Review Review Rebuttal Full Application Review Full Application Feedback Provided Full App. Submission Concept Paper Feedback Provided Concept Paper Submissions FOA Issued Final Selection Recommendations 7 Each paper reviewed by multiple experts for merit Applicant reviews feedback and is able to provide a limited response for further review/clarification Applicant Response  5-7 page summary  Limits applicant expenses  Reviewer comments provided to applicants  Review by external, leading experts in the field  External reviews critical to decision making – but scores do not get rack and stacked  Applicants respond to reviews before selections  Clarification improves final decisions Unique

8. Advanced Research Projects Agency Energy A streamlined contract negotiation and award process allows projects to begin promptly “ARPA-E has consistently impressed and surprised us with the speed of their evaluation and contracting process, and the high caliber of their staff…We wish all R&D programs could adopt this degree of efficiency and professionalism" – ARPA-E Performer Selection Announcement Award negotiation Award 2 Month Process  Aggressive internal and external deadlines established – move at the pace of business  ARPA-E Technical, Contracting and Legal teams co-located – limits bureaucracy  ARPA-E developed user-friendly negotiation guide and materials provided  Jointly develop challenging technical milestones Selection to Award 8

9. Advanced Research Projects Agency Energy Who do we fund? Note – Data only for FOAs 1-3 9

10. Advanced Research Projects Agency Energy Projects from ARPA-E’s first broad solicitation (“FOA1) can be categorized into one of ten energy technology areas 10 Energy Storage Biomass Energy FOA 1 6 projects 5 projects VBR Power Systems Carbon Capture 5 projects 4 projects Solar Fuels Vehicle Technologies 5 projects Renewable Power 3 projects Building Efficiency 2 projects Waste Heat Capture 1 project Water 1 project Conventional Energy

11. Advanced Research Projects Agency Energy End-Use Efficiency In later FOAs ARPA-E focused on specific programs (with Five New Programs Awardees annouced this past Fall.) Transportation Electrofuels BEEST BEETIT Stationary Power IMPACCT ADEPT GRIDS 11 HEATS PETRO Solar ADEPT GENI REACT

12. Bill Gates Founder and Chairman Microsoft Fred Smith Chairman, President, and CEO FedEx Corp. www.energyinnovationsummit.com Lee Scott Former CEO Walmart Ursula Burns Chairman & CEO Xerox Corp. Susan Hockfield President & Professor Of Neuroscience, MI T Of Neuroscience, MIT