The Surprising History of Energy Tech Innovation
AEIC Report Dispels Myths of Shale Gas Boom
The federal government played a crucial and often unexpected role in
the decades-long technological innovations that led to the shale gas
revolution, according to a new report from
the staff of the American Energy Innovation Council, the latest
independent investigation into the public sector origins of the North
American gas glut first uncovered by the Breakthrough Institute.
The report shows how government funding and institutional support amounted to billions of dollars over three decades and a complex structure of policies that combined government and industry resources to solve a critical technological challenge: tapping a vast underground bounty of energy recently considered inaccessible. The conclusions further challenge the longstanding myth that the shale gas boom was brought about through private sector innovation alone and offer important lessons for energy innovation more broadly.
Read morehttp://thebreakthrough.org/index.php/programs/energy-and-climate/the-surprising-history-of-energy-tech-innovation/
The report shows how government funding and institutional support amounted to billions of dollars over three decades and a complex structure of policies that combined government and industry resources to solve a critical technological challenge: tapping a vast underground bounty of energy recently considered inaccessible. The conclusions further challenge the longstanding myth that the shale gas boom was brought about through private sector innovation alone and offer important lessons for energy innovation more broadly.
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