DOE Looks to Move New Energy Technologies from National Labs to Market
Funding will be used to advance promising energy-related technologies
WASHINGTON — As part of an effort to encourage energy innovation and commercialization, the U.S. Department of Energy’s (DOE’s) Office of Technology Transitions (OTT) has issued its first solicitation for proposals to help bring cutting-edge energy technologies to market. The office’s Technology Commercialization Fund (TCF) has been newly infused this year with $20 million. These funds will be used to advance promising energy-related technologies and help strengthen partnerships between the national labs and private sector companies that can deploy these energy technologies to the marketplace. TCF funds will be used to match 50 percent non-federal funds from private partners.
“Every day our national labs are developing innovative new technologies that have the potential to revolutionize the way we generate, store, and transmit energy,” said Jetta Wong, director of the Office of Technology Transitions. “But in order to accelerate the use of clean energy technologies, we need to get more of these breakthroughs out of our labs and into our marketplace. The launch of this fund is an important milestone for OTT as it approaches its one-year anniversary and demonstrates our efforts to expand the commercial impact of DOE’s research and development portfolio.”
The TCF will enhance DOE’s technology transitions system with a forward-looking and competitive approach to lab-industry partnerships where funds will be matched by private partners to promote promising energy technologies for commercial purposes.
Proposals solicited from all 17 of DOE’s national laboratories will be submitted this spring for review by DOE personnel and independent evaluators. The strongest proposals that show both a promising energy technology as well as a proposed funding match will be selected for TCF funding.
For more information, visit http://energy.gov/technologytransitions/office-technology-transitions.
Publication date: 2/23/2016