We think it played a very important part in actually helping not only, you know, innovative companies, but also established companies, in developing a new line of automobiles with advanced technology that get better mileage and are at high efficiencies.
Chu supports the advanced technology automobile program's role in improving efficiency.
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More from Steven Chu
We think that research, development, and demonstration of those advanced biofuels is something very much in the interest of the United States.
If I look at other countries and how they are borrowing from our playbook--we have a long history of funding our research and development through our national labs, through our universities, and even in some companies.
Taking greater advantage of energy efficiency, demand resources, and clean energy--WHILE AT THE SAME TIME REDUCING COSTS TO CONSUMERS--requires a transition to a more flexible and resilient electric grid and much greater coordination among…