Good news, particularly for the electric car efforts.
From the link:
The U.S. Advanced Research Projects Agency for Energy has announced a new round of funded projects, including several companies or researchers we’ve written about before. Among them are Sion Power and ReVolt, which are developing very high capacity batteries, which could make electric vehicles much more practical and affordable (follow the links for our stories about them). Arpa-e is a new agency started to fund high risk research with potentially large payoffs, something like the Defense Advanced Research Projects Agency (DARPA).