Partnerships for Energy Security and Innovation Act of 2021

The Partnerships for Energy Security and Innovation Act of 2021 proposes the creation of a new nonprofit foundation, the Foundation for Energy Security and Innovation (FESI), to support the Department of Energy’s mission. This foundation would act as a bridge between the public and private sectors, channeling private and philanthropic investments into the development and commercialization of new energy technologies.

For everyday citizens, this bill aims to accelerate the transition of laboratory research into real-world products, potentially leading to more affordable energy, new jobs in the technology sector, and enhanced national energy independence. By providing grants and fellowships, the foundation would support scientists and entrepreneurs in bringing innovative energy solutions to the marketplace more quickly.