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Energy Security & Innovation Foundation: Accelerating Technology Commercialization

This act establishes a new, independent non-profit foundation to support the development and commercialization of energy technologies. Its goal is to accelerate the market introduction of innovations, potentially leading to new job creation and enhanced national energy security. The foundation will collaborate with universities, laboratories, and businesses to foster energy research and development.
Key points
Creation of the Foundation for Energy Security and Innovation to support the development of new energy technologies.
The Foundation will fund research, award fellowships and grants, and organize competitions to accelerate the market introduction of innovations.
Collaboration with universities, including Historically Black Colleges and Universities, Tribal Colleges and Universities, and Minority-Serving Institutions, aims to broaden participation in energy technology development.
The goal is to increase private and philanthropic investments in innovative energy technologies, potentially contributing to economic growth and job creation.
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Additional Information
Print number: 117_HR_4863
Sponsor: Rep. Stansbury, Melanie Ann [D-NM-1]
Process start date: 2021-07-30