The U.S. Department of Energy (DOE) late last week formally put out a request for proposals on ways to get the latest energy technology innovations into the marketplace.
The project solicitation is part of the DOE’s Office of Technology Transitions effort to encourage the commercialization of new energy technologies.
Entrepreneurs and other private investors will have the opportunity to submit plans aimed at bringing the latest technologies to market. Winners will form a public-private joint effort to put that plan into action.
To achieve that, the DOE has pulled together $20 million to form a Technology Commercialization Fund (TCF). Winning proposals will enter a joint investment agreement with the DOE, with half funded by the federal government and the other half through the private sector.
Jetta Wong, director of the Office of Technology Transitions (OTT), said the program will strengthen working relationships between national labs, which are developing groundbreaking technologies, and the private sector, which can better deploy those innovations into the marketplace.
“Every day, our national labs are developing innovative new technologies that have the potential to revolutionize the way we generate, store and transmit energy,” Wong said. “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.”
Alerts Sign-up