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Bill Gates & Other Corporate Leaders Call for Renewable Push

June 11, 2010 | 3 Comments

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Washington, D.C., United States -- Led by Microsoft's Bill Gates and GE's Jeff Immelt, the American Energy Innovation Council (AEIC) launched this week, releasing a report and a set of reccomendations that could help push renewables and other clean energy technologies even further into the overall energy picture in the U.S.

The group, which also includes top executives from Cummins, Bank of America, Xerox, Lockheed Martin and Kleiner Perkins Caufield & Byers, said that its mission is to correct the "deficient" American energy system.

"To correct these deficiencies, we must make a serious commitment to modernizing our energy system with cleaner, more efficient technologies. Such a commitment should include both robust, public investments in innovative energy technologies as well as policy reforms to deploy these technologies on a large scale. By tapping America’s entrepreneurial spirit and longstanding leadership in technology innovation, we can set a course for a prosperous, sustainable economy—and take control of our energy future," the council's mission statement said.

The AEIC had five specific recommendations, listed below.

Create an independent national Energy Strategy Board
Invest $16 billion per year in clean energy innovation
Create Centers of Excellence with strong domain expertise
Fund ARPA-E at $1 billion per year
Establish and fund a New Energy Challenge Program to build large-scale pilot projects

The national Energy Strategy Board would be charged with developing and monitoring a National Energy Plan for Congress and the executive branch, and oversight of a New Energy Challenge Program. The board would be a politically neutral non-governmental entity and include experts in energy technologies and associated markets.

Th $16 million in funding would come out as multi-year commitments and focused on technologies that are capable of being scaled up quickly. The challenge program would be structured as a partnership between the federal government and the energy industry and focus on the transition from pre-commercial, large-scale energy systems to integrated, full-size system tests.

The public sector would initially commit $20 billion over 10 years through a single federal appropriation, which would unleash significant private sector resources as projects are developed.

For more info on the group's mission, watch the video embedded below.

Bioenergy, Geothermal Energy, Green Power, Hydropower, Hydrogen - Fuel Cells, Ocean Energy, Other, Solar Energy, Wind Power, Energy Efficiency

3 Reader Comments

Comment
1 of 3

william-fitch-22587

June 11, 2010

Great, now if I could just get Bill Gates's email so I could ask him how to solve my problem, everything would be fine....

.....Bill

Comment
2 of 3

andrew-h-mackay-37563

June 13, 2010

Dearie me!

Poor Bill is deluded. He needs to check out Gentec WaTS - one day all electricity will be generated this way

Comment
3 of 3

jazzridez

June 14, 2010

Well,Well,Well, Bills at it again. It's like he doesn't have enough money after ripping us off for 30 years throught his corporate 'Planned Obsolesence'programs, tuff word, easy objective. The real question is what EXPENSIVE technology are 'they' going to shove down 'Our' throats at 'Our expense' for 'Our Benefit' at 'Their profit'. I can tell ya now the price of a Kwh will go up, up and away in 'Their' pockets. The price will not come down. Don't be fooled by these Mr. Money Bags big shots telling us what we need when in fact it's them that will reap the whirlwind of 'Our spending'. Then BG gives it to charities, He's such a nice guy, a select few when in fact he's been ripping the masses off to give the massive profits away to a minority group.
Deregulate the power producers completely and make it 'simple' to generate power for your home and to sell to select customers for profit. I see millions of SHP all around the world putting GE outa business, nuclear plants will not be needed. But it will still cost billions to tear them down. If I had $2.5 million I could build a hydroelectric power plant generating up to 10 Mw and in 5 years it's paid for and the price of your power will go down, down, down. Not only that but the power plant will run continiously for the next 93 years with little or no change to the installed technology. On top of all the above my power plants will need upwards of 10 additional service oriented businesses and as many as 100 possible jobs for the local community. This Small Hydro Power Plant will be an attration and the tourists will come. Any Investors out there?
Now that's a comment.

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