The United States has failed to create a comprehensive energy policy that provides robust and consistent support for innovation. Although the Recovery and Reinvestment Act of 2009 stimulated public investments in energy innovation, many of these programs and incentives have since expired or concluded, leaving the energy innovation ecosystem underfunded and skewed towards supporting deployment incentives over technology R&D, demonstration, and manufacturing.
This report analyzes these investments by innovation stage and technology to inform policymakers and advocates of the state of the energy innovation ecosystem. Constructing a successful and enduring energy innovation ecosystem requires significant public investment, substantial policy commitment to the development of clean energy technologies, and considerable, smart policy options that can continue to drive energy innovation forward. A comprehensive strategy for meeting these challenges in the future is incomplete without a thorough understanding of current policy.
A version of this analysis was originally posted over several weeks on Matthew Stepp’s ‘Fueling Innovation’ column of Energy Trends Insider.