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May 13, 2024 | Tom Ballard

DOE appoints inaugural board of its first-ever agency-related foundation

The Foundation for Energy Security and Innovation was authorized under the 2022 "CHIPS and Science Act."

The U.S. Department of Energy (DOE) has appointed the inaugural Board of Directors for its first-ever agency-related foundation.

Authorized through the 2022 “CHIPS and Science Act,” the Foundation for Energy Security and Innovation (FESI) is an independent nonprofit entity that supports DOE in its critical mission to ensure America’s continued security and prosperity through transformative science and technology solutions. for addressing energy and environmental challenges.

Once established, FESI will help 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.

“The Foundation for Energy Security and Innovation offers an unparalleled opportunity for support and advancement in our nation’s rapid and equitable transition to a clean energy economy,” said U.S. Secretary of Energy Jennifer M. Granholm. “The FESI Board of Directors will help meet the Department’s goals, and bring alive the biggest, boldest solutions to the challenges of our time.”

Click here to learn the names of the appointees.

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