Washington, D.C. – New metrics released today by the Advanced Research Projects Agency – Energy (ARPA-E) demonstrate the significant positive economic impact of their energy innovation R&D investments. Since its creation in 2009, ARPA-E has invested $2 billion in R&D funding to more than 800 projects, which has led to:
- ARPA-E projects have attracted $2.9 billion in private-sector follow-on investment in 145 projects.
- 76 new companies have been formed.
- ARPA-E projects have led to 346 patents being issued by the U.S. Patent and Trademark Office.
- 131 projects have partnered with other government agencies for further development.
- 2,489 peer-reviewed journal articles have been published.
“Through outcomes like these, ARPA-E continues to demonstrate the critical role it plays in supporting entrepreneurial energy innovation in the United States,” said Addison K. Stark, associate director of energy innovation at the Bipartisan Policy Center and staff director for the American Energy Innovation Council.