DOE Prepares Moving New Energy Technologies To Market
The U. S. Department of Energy (DOE’s) Office of Technology Transitions (OTT) has made its first solicitation for proposals to help bring cutting-edge energy technologies to market as part of the organization’s effort to promote energy innovation and commercialization. The organization’s Technology Commercialization Fund (TCF) has been newly infused this present year with $20 million. The said funds will be used to enhance and improve some potential energy-related technologies and aid in strengthening partnerships between the national labs and private sector companies that can set up or utilizes these energy technologies to the marketplace. The TCF funds will also be utilized to match 50 percent non-federal funds from private partners.
Jetta Wong, the Director of the Office of Technology Transitions said, “Every day, our national labs are developing innovative new technologies that have the potential to revolutionize the way we generate, store, and transmit energy. 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 improve DOE’s technology transitions system by having a forward-looking and competitive method to lab-industry partnerships wherein funds will be matched by private partners to encourage potential energy advancements for commercial purposes.
The proposals that were collected from 17 of Doe’s national laboratories will be submitted this spring to be reviewed by DOE personnel and independent evaluators. The proposals that will have both a potential energy technology and a proposed funding match will be selected for TCF funding.
According to its website, the Office of Technology Transitions (OTT) was established in 2015 to manage and oversee the important missions of the DOE by expanding the commercial impact of the department’s portfolio of research, demonstration, development, and deployment activities in the short, medium, and long term. The said office also develops the department’s policy and vision for expanding the commercial impact of its research investments, and it streamlines information and access to DOE’s national labs and sites to build partnerships that will create innovations from the labs into the marketplace.