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It’s a paltry amount by Department of Energy standards — just about ten percent of Solyndra — but I’m positive we can kiss it goodbye:

The Department of Energy announced the distribution of $43 million in funding for the development of energy storage technology that is “too risky for private-sector investment.”

The Aug. 2 press release said the recipients were chosen through two programs of DOE’s Advanced Research Projects Agency-Energy – the Advanced Management and Protection of Energy Storage Devices (AMPED) and Small Business Innovation Research (STTR).

“ARPA-E was launched in 2009 to seek out transformational, breakthrough technologies that are too risky for private-sector investment but have the potential to translate science into quantum leaps in energy technology, form the foundation for entirely new industries, and have large commercial impacts,” the press release said.

It states that AMPED and STTR funds projects that “focus on innovations in battery management and storage to advance electric vehicle technologies, help improve the efficiency and reliability of the electrical grid and provide important energy security benefits to America’s armed forces.”

DOE Secretary Steven Chu said the work of the 19 fund recipients could “revolutionize” the way Americans use and store energy.

I’m guessing the only thing this is going to “revolutionize” is the net worth of even more Obama cronies. And I love how they keep dumping tens of millions of dollars into battery research for electric cars hardly anybody is buying. In actuality, this isn’t “too risky” to attract private sector investors — it’s too stupid to attract private sector investors.

But there’s nothing too risky or stupid for taxpayer “investment.”

(h/t Weasel Zippers)

Comments

19 Responses to “DoE Dumps $43 Million Into More ‘Too Risky for Private Sector Investment’ Projects”

  1. jeffythequick on August 15th, 2012 11:03 am

    When it comes to these things, it's always "The department of …" so the blame can't be pinned on someone, but when it succeeds (if it succeeds?) then it's the guy at the top.

    Classical cowardice.

  2. Truesoldier__ on August 15th, 2012 11:07 am

    Alternate headline…..Obama needs an injection of cash to his campaign

  3. Marshall_Will on August 15th, 2012 1:14 pm

    While DC capacitors can store leathal voltages for years ( we all recall the old man telling us to be careful playing around with old radios/tv's etc. ) the 'storage' of energy generally falls under "fetching a box of sparks". Snipe hunts etc.

    Yes, your car battery "stores energy", but typically only overnight until the next time your Alternator RE-charges the damned thing! Even at that, just enough amperage to get you going until the alt. takes over. So while your 'warranty' may read that it's 7 Years! ( it basically lives day to day )

    Line loss, external temp. variations and the law of diminishing returns take care of the rest.

  4. Marshall_Will on August 15th, 2012 1:34 pm

    Oh, and it should be noted, while "ghost capacitances" are enough to knock your d!ck in the d!rt, they're effectively USELESS in energizing ciruitry. The discharge rate ( tough to work around THAT one without a positive loop ) falls off a cliff.

  5. SignPainterGuy on August 15th, 2012 1:40 pm

    Has anyone heard lately how much of the Porkulus Funds is still unspent ? Last I heard, a few months ago, more than 1/3 is remaining; more than $266 Billion.

  6. archer on August 15th, 2012 2:21 pm

    Sounds interesting and I’d like to look into it but I’m afraid that as far as the sciences electricity goes I’m also without a positive loop and am right behind that discharge rate.

  7. backwoodsconsr on August 15th, 2012 2:29 pm

    Between the DoE engaging in risky business and the Secret Service engaging in risque business, there's far too much of our money being spent on things it shouldn't.

  8. Truesoldier__ on August 15th, 2012 2:36 pm

    I think we need to wait till the end of the month when the next FEC report comes out from the campaigns.

  9. Truesoldier__ on August 15th, 2012 2:37 pm

    What is sad is the Secret Service is getting far more bang for the buck….

  10. Marshall_Will on August 15th, 2012 2:43 pm

    Yeah, behind every guitar geek ( is an electronics geek! )

    Storage ( due to line loss ) is only viable on a local basis. People that use solar, but have DC ( direct current ) batteries, can store backup for short periods. When used in conjunction w/ an "inverter" ( inverts DC back into AC, Alternating Current ) they can get by until the next charge cycle. Or when the sun comes out!

    But to suggest it's viable on a commercial scale is preposterous! And in today's world, dangerous! Talk about a jihadist's soft target wet dream?

  11. jeffythequick on August 15th, 2012 3:24 pm

    …or $40…
    …or $800…

    negotiations are the *ahem* hard part.

  12. Marshall_Will on August 15th, 2012 3:24 pm

    While we're tech geekin' it;

    Any time the PTB website appears to be 'down', try this before emailing Doug etc.

    Go to your "Network & Sharing Center". Then choose Local Area Network ( LAN ). Click on Properties. Select IPV 4. ( Internet Protocol Version 4 ) Then in your DNS Server, load in the Google default 8-8-8-8 and 8-8-4-4 for the Alternate. Then just click out.

    It resets your server without calling your ISP etc. This works for Windows, not sure about Mac/Linux users. The IT guy explained that ISP addresses are reaching a saturation point and they're working IPV 6! In the interim, lots of sites are getting bumped around. Seems to make sense.

  13. backwoodsconsr on August 15th, 2012 3:31 pm

    And they're keeping some females from needing to buy so many batteries.

  14. SignPainterGuy on August 15th, 2012 3:40 pm

    But, I don`t speak Geek ….. ;-) Thanks, I`ll try that if the downage is extended.

  15. SignPainterGuy on August 15th, 2012 3:45 pm

    O/T (since we`re on an o/t roll); Has anyone else heard about the dnc offering passes to just anyone (dem. of course) who wants to go to the dem convention ? They say they want to give any young dem a chance to experience the convention, but they don`t mention that many dem pols aren`t going, the unions are PO`d and not going and the stadium is expected / feared to be horribly empty !

    I have a feeling the TV coverage is gonna be "digitally enhanced", IYKWIM !?

  16. Marshall_Will on August 15th, 2012 4:01 pm

    Assumed accurate, what do you want to bet OWS-types won't be allowed within a 1,000 yards of it! Enough a circus already, they can ill afford further escalation of this embarrassment.

    Handing your opponents 'talking points' is one thing..?

    SPG, the reason I brought up the tech-fix is my IT guy said this'll get worse before it gets better. About as hard as setting up an email account etc?

  17. SignPainterGuy on August 15th, 2012 8:28 pm

    I`m guessing it`s accurate; it`s been a regular thing in the radio news for 2 days now. They want to give as many people as possible a chance to see the pResident – exact wording. Riiiight ! Dancy Nancy is telling pols to stay home, Trumka is saying he isn`t allowing any union money to go to the dnc and he put on a special-little convention a few days ago instead of waiting for Charlotte, where there is not ONE unionized hotel. So he ain`t bussin` in any union members; the stadium is gonna have echos !

    I`ll write down your destructions for the fix so I`ll have them; thanks again. What did the IT guy mean by "It`ll get worse" ? Is there a move by this admin. to interrupt i`net service for conservative blogs er sumpim ?

  18. jeffythequick on August 16th, 2012 1:47 am

    For Mac/Linux (Snow Leopard and above for Mac users)

    Open a terminal window (usually found in Applications->Utilities)
    type in: dscacheutil -flushcache

    close the window.
    Ironic that a computer touting the GUI, you have to resort to a command line to do a lot of things.

    For Windows, do start->run->cmd
    ipconfig /flushdns

    That should do the same thing as what MW put.

  19. jeffythequick on August 16th, 2012 1:50 am

    and IPv6 has about 61,977,889,628,116,596,793,421 (or so) IP addresses for each square foot on the planet. Not sure with the ocean currents if they move about on the sea… (joke, folks…)

    That should keep us good for another generation or two on the Internet.

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