Virginia, U.S.A. -- First comes invention then comes prosperity. That's the theory of 'innovation economics,' a relatively new doctrine that underlies today's worldwide race to discover energy's next game changer and is triggering some intriguing tinkering in renewable energy. Will one of these new technologies lead us out of our economic malaise?
'Hurry up with your work.’ That was the message delivered to energy innovators by Arun Majumdar, director of the U.S. government’s Advanced Research Projects Agency-Energy (ARPA-E) at a Washington, D.C. gathering in November. ‘Let there be no illusion that speed is of the essence right now,’ Majumdar said at the energy innovation conference sponsored by the Information Technology and Innovation Foundation, a public policy think tank.
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