Earlier today, the American Energy Innovation Council outlined four recommendations to help the U.S. boost energy innovation, including creating an expert-filled independent national strategy board and creating a program to build large-scale pilot projects.
The council, which includes former Microsoft CEO Bill Gates, Xerox CEO Ursula Burns and General Electric CEO Jeff Immelt, also recommended funding for the ARPA-E program, which will provide grants to budding high-risk projects.
By issuing these recommendations, the business leaders said they hope to help promote new energy-efficient technologies in the U.S.
New innovations such as green HVAC systems, energy-saving refrigerators and mercury-free HDMI projectors have been purchased by many businesses to help them lower operating costs and become more eco-friendly.
At an event on Wednesday for the American Energy Innovation Council, the group also recommended that the U.S. spend $16 billion annually on energy innovation investments, Earth2Tech reports. The council formed last April after Gates published an op-ed in the Washington Post that sparked interest among many of the country's business leaders.
