The Department of Energy on Monday appointed energy startup investor Rick Stockburger to run its Foundation for Energy Security and Innovation.
“Rick’s proven leadership and background will help advance the Department’s efforts to move emerging technologies into real world energy deployment,” Energy Secretary Chris Wright said in a statement. “FESI will be a valuable partner in expanding private-sector collaboration and delivering on President Trump’s agenda to unleash American energy and innovation.”
DOE’s first-ever foundation was authorized by Congress in the 2022 CHIPS and Science Act, a bipartisan law that aims to boost semiconductor production in the U.S. President Donald Trump has called on lawmakers to repeal the legislation.
Last year, DOE under former Secretary Jennifer Granholm tapped 13 board members for the new nonprofit foundation, including Rita Baranwal, a former assistant secretary for nuclear energy in Trump’s first term.
