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EU-US Energy Council Launched |
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bridges vol. 24, December 2009 / Institutions & Organizations
The EU-US Energy Council was launched in Washington, DC, with the aim of providing a new framework for tightening transatlantic dialogue on energy issues. The council will address, on a strategic level, topics on energy security supply and policies to promote low carbon energy sources, while strengthening the ongoing scientific collaboration on sustainable and clean energy technologies.
The initial meeting included the Commissioners for Energy, Andris Piebalgs, External Relations, Benita Ferrero-Waldner, and Research, Janez Potocnik, with the US Secretary of Energy Steven Chu and US Deputy Secretary of State James Steinberg to launch the EU-US Energy Council. The work of the council will be structured through working groups of senior officials from both sides that will focus on energy policies, global energy security, and global markets, and energy technologies research cooperation.
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ARPA-E Announces their Fellows Program just after DOE gets $100 million in 2nd Round of Recovery Act Funding |
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bridges vol. 24, December 2009 / Institutions & Organizations
The Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) – announced this month that they have created the ARPA-E Fellows Program . ARPA-E Director Arun Majumdar made the announcement at the Massachusetts Institute of Technology (MIT) during a presentation to the MIT Energy Club.
Majumdar’s announcement follows US Energy Secretary Steven Chu’s announcement that the DOE is making available $100 million in Recovery Act funding for transformational energy research projects to accelerate innovation in green technology, increase America’s competitiveness, and create jobs. Chu’s announcement came just prior to the United Nation’s Climate Change Conference in Copenhagen, Denmark.
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OPIC – Global Technology and Innovation Fund |
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bridges vol. 24, December 2009 / Institutions & Organizations
The Overseas Private Investment Corporation (OPIC) issued a call for proposals this November to manage a private equity investment fund or funds that will promote the growth of technology in the Middle East, Asia, and Africa. OPIC will provide financing ranging between $25 million and $150 million in total capital for each fund or funds established. The call welcomed proposals from qualified private equity fund managers to manage one or more investment funds that plan to invest in a wide variety of companies or projects that provide access to technologies in the OPIC-eligible countries. The final selection of funded groups will be chosen in June 2010.
The fund(s) will invest in sectors such as information technology, health care, education, infrastructure, telecommunications, media, business and financial services, and clean technology. Examples of financed projects may include companies that help to foster the development of new technologies such as computer, information, media and telecommunications businesses, or provision of broadband access; companies in medical, pharmaceutical, and other biotechnology areas; investment in technology and telecommunications infrastructure, energy efficiency, and smart-grid technologies; or technologies that address problems such as the shortage of clean water.
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