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Thursday, November 29, 2012

Allylix project awarded Energy Department grant to develop technology solutions

Allylix, Inc. in Lexington has been chosen as one of 66 projects to receive a grant from the Energy Department for its energy technology research.

On Nov. 29, Energy Secretary Steven Chu announced the projects selected by the Energy Department’s Advanced Research Projects Agency – Energy (ARPA-E) to receive a total of $130 million in funding through its “OPEN 2012” program. ARPA-E seeks out transformational, breakthrough technologies that show fundamental technical promise but are too early for private-sector investment. These projects have the potential to produce game-changing breakthroughs in energy technology, form the foundation for entirely new industries, and could have large commercial impacts. The selected projects encompass 11 technology areas in 24 states.

The Allylix project team will receive $4.5 million to develop energy-dense terpenes as high performance liquid aviation fuels. The increased energy density of these terpene-based fuels could outperform existing petroleum fuels by increasing flight range up to 20 percent. Information on all projects announced today is available here.

“With ARPA-E and all of the Department of Energy’s research and development efforts, we are determined to attract the best and brightest minds at our country’s top universities, labs and businesses to help solve the energy challenges of this generation,” said Chu. “The 66 projects selected today represent the true mission of ARPA-E: swinging for the fences and trying to hit home runs to support development of the most innovative technologies and change what’s possible for America’s energy future.”

From U.S. Department of Energy