Technology Commercialization Sees $20 Million Boost form Department of Energy

Sep 7, 2018

The Department of Energy (DOE) recently announced that it has awarded more than $20 million in funding to 64 projects for the Development and Commercial Deployment of Promising Energy Technologies. The projects are supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF), along with additional matching funds from private sector partners. The goal of the projects is to bolster relations between the national labs and private sector to facilitate the commercialization and bringing to market of new products and technologies.

“The Department of Energy is one of the largest supporters of technology transfer within the federal government. By connecting innovators at our national labs with entrepreneurs in the private sector, DOE is breaking down barriers and finding the nexus between ingenuity and opportunity,” said U.S. Secretary of Energy Rick Perry. “The projects announced today will further strengthen those efforts across a broad spectrum of energy technologies and advance DOE’s important mission of technology transfer.”

To see a full list of TCF awardees and private sector partners, click here:

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