Specifically, ARPA-E seeks to fund projects that will develop lightweight tanks for cars that can run on natural gas and fit into modern passenger vehicles. This approach includes developing affordable natural gas compressors that can efficiently fuel an NGV at home.
“As President Obama made clear in his State of the Union address, in order to build a strong economy and reduce our dependence on foreign oil, we must invest in developing American energy sources like natural gas and biofuels,” said Energy Secretary Steven Chu. “Through the new programs announced today, we can help revolutionize the way Americans fuel their cars, saving money for families and businesses while building new industries here in the United States.”
Source: U.S. Department of Energy