Draft2:Foundation for Energy Security and Innovation
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The Foundation for Energy Security and Innovation (FESI) supports DOE to carry out its critical mission to ensure America's continued security and prosperity through transformative science and technology solutions.
A key aim of FESI is to accelerate the commercialization of new and existing energy technologies by raising and investing funds through engagements with the private sector and philanthropic communities.
The Foundation will help DOE provide additional resources, tools, and capacities for potential partners and communities across the country—supporting solutions-driven research and innovation that strengthens America’s energy and national security while helping achieve the Biden-Harris Administration's ambitious clean energy goals.
The partnership is lead at Office of Technology Transitions.
DOE's role
FESI gives DOE greater flexibility and efficiency on how it supports a broad portfolio of energy research, commercialization, coordination. and support to a variety of stakeholder groups. FESI will help foster public-private partnerships, invest in companies commercializing critical energy technologies, support underrepresented groups and regions responding to DOE funding opportunities, and tackle a wide variety of systemic and distributed federal, state, and local deployment challenges.
Stakeholders
DOE is seeking potential stakeholder groups including, but not limited to:
- Philanthropic and non-profit organizations
- Community stakeholders
- DOE’s National Laboratory foundations
- Potential investors in companies developing technologies aligned with the DOE mission
- Industry stakeholders, especially those representing diverse regions, sectors, and communities
History
Since 1959, twelve agency-related independent 501(c)(3) nonprofit organizations have been created, which have averaged a return of $67 for every dollar in federal contributions.
Related links
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References
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