As the private sector invests more and more in efficiency, the government is doing the same. Department of Energy Secretary Ernest Moniz recently reiterated how important it is for the government to support energy efficiency projects and technologies, particularly with DOE’s loan program. Moving forward, efficiency technologies will have the opportunity for successful development with continued federal investment and with government partnerships with private financiers.
As supported by a collection of case studies from the American Energy Innovation Council (AEIC), public-private partnerships have historically been key to the successful development and market entry of energy technologies. The report states, “Acting as a catalyst or instigator, government innovation investments quicken the cycles of discovery and invention.” The case studies range from alternative vehicle technology partnerships to low emissivity windows, but in each situation, government support allowed companies to make high-risk bets with high-rewards.