The legislation is modeled from nonprofit foundations that have successfully leveraged billions of dollars in research and innovation by the National Institutes of Health, Centers for Disease Control and Prevention, and the U.S Department of Agriculture. The foundation will prioritize partnerships with institutions like Hispanic-serving institutions, historically Black colleges and universities, Tribal colleges and universities, and minority-serving institutions. The bill is similar to an amendment in the U.S. Innovation and Competition Act (USIA) and builds on legislation that now-U.S. Senator Ben Ray Luján (D-N.M.) introduced in the House of Representatives last Congress.
The foundation established by the Partnerships for Energy Security and Innovation Act would reinforce and advance DOE’s mission by:
- Supplementing DOE-supported research and development with private sector funding;
- Facilitating the commercialization of energy technologies;
- Contributing to energy workforce development; and
- Enabling information exchange and sharing best practices.