As Sponsors of MIT's Energy Venture Alumni Event, celebrating the past 10 years, Mintz Levin's attorneys are taking this opportunity to countdown the top 10 moments in energy which they feel impacted the industry and their practice.
Moment #3 - Birth of ARPA-E
Creation of Bipartisan Builder of Our U.S. Energy Future. In 2007, the U.S. Congress passed and President George W. Bush signed into law The America COMPETES Act, which officially authorized ARPA-E's creation. In 2009, Congress appropriated and President Barack Obama allocated $400 million to the new Agency. The first awards made included at least six companies with MIT connections. Many, many more awards to companies with MIT roots have followed.