DOE Issues RFI to Support Establishment of Foundation for Energy Security, Innovation

The Department of Energy is seeking public and stakeholder input on the planned launch of a foundation designed to support companies and organizations that deal with energy technologies that could support the agency in achieving its clean energy goals.

The Foundation for Energy Security and Innovation’s creation is authorized under the CHIPS and Science Act of 2022. FESI’s main objectives include accelerating the commercialization of energy technologies through raising funds for investments in related research and development efforts of the private sector and philanthropic communities, the DOE said.

According to a request for information, the agency wants to know how DOE stakeholders may directly collaborate with the FESI and how the department may engage with the foundation and the communities it will serve. Responses should be submitted no later than March 27.

Information gathered through the RFI will help the DOE make informed decisions in establishing the independent nonprofit entity, which is expected to be completed in September.

The agency has existing initiatives that also aim to speed up the commercialization of such technologies. To avoid duplication of existing efforts, the CHIPS Act requires the DOE secretary to appoint liaisons, including from the Office of Technology Transitions and other relevant DOE offices, to collaborate and coordinate with the foundation. 

According to the DOE, accelerating the innovation and commercialization pace will help the government achieve its goal of having 100 percent carbon-free electricity by 2035 and a net zero carbon economy by 2050.