As part of a continued push to encourage energy innovation and commercialization, the US Department of Energy’s (US DoE) Office of Technology Transitions (OTT) issued its first call for proposals that help bring cutting-edge energy technologies to market.
The office’s Technology Commercialization Fund (TCF) has been allocated $20 million this year, and the funding will be used to advance promising energy related technologies with commercial potential and help strengthen partnerships between the national labs and private sector companies that can deploy energy technologies to the marketplace.
TCF funds will be used to match 50% non-federal funds from private partners, according to DoE.
Jetta Wong, 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 is expected to 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.
While originally established by the Energy Policy Act of 2005, the TCF also complements DoE’s efforts within Mission Innovation – a multi-national pledge to double clean energy R&D within five years and drive technologies to market.
Proposals solicited from all 17 of DoE’s national laboratories will be submitted this spring for review by DoE personnel and independent evaluators, DoE’s press release reads.
The strongest proposals that show both a promising energy technology as well as a proposed funding match will be selected for TCF funding.