US DoE awards €65 million towards clean energy technologies
The US Department of Energy (DoE) today announced over $30 million (€25 million) in federal funding, matched by over $35 million (€29.3 million) in private sector funds, for 68 projects that will accelerate the commercialisation of promising energy technologies — ranging from clean energy and advanced manufacturing, to building efficiency and next-generation materials.
These awards will help deploy innovative solutions from DoE’s National Labs on to the marketplace helping to create new jobs and businesses, while strengthening the nation’s economic competitiveness and achieving President Biden’s goal of net-zero carbon emissions by 2050.
“President Biden is serious about making sure America corners the clean energy market—and that means we need to work with our nation’s savviest entrepreneurs to fast-track solutions from DOE’s National Labs into commercial-ready technologies,” said Secretary of Energy Jennifer M. Granholm. “These projects will help us deploy game-changing innovations that position us to win the clean energy race, while creating jobs and opportunity across every pocket of the country.”
The awards are facilitated by the DoE Office of Technology Transitions (OTT) Technology Commercialisation Fund (TCF).
The TCF was created by the Energy Policy Act of 2005 to help catalyse the agency’s research, development, demonstration, and deployment efforts into affordable, market-ready energy solutions, by strengthening partnerships between DOE’s National Labs and American entrepreneurs.
To date, the TCF has funded more than 380 projects by unlocking more than $170 million (€142 million) in funding from more than 300 private sector partners, including automotive manufacturers, energy storage companies, utilities, bioenergy companies, solar providers, and aerospace companies.
To receive a TCF award, National Lab teams must receive a commitment from private sector partners to match at least 50% of the anticipated federal funding.
These awards will help deploy innovative solutions from DoE’s National Labs on to the marketplace helping to create new jobs and businesses, while strengthening the nation’s economic competitiveness and achieving President Biden’s goal of net-zero carbon emissions by 2050.
“President Biden is serious about making sure America corners the clean energy market—and that means we need to work with our nation’s savviest entrepreneurs to fast-track solutions from DOE’s National Labs into commercial-ready technologies,” said Secretary of Energy Jennifer M. Granholm. “These projects will help us deploy game-changing innovations that position us to win the clean energy race, while creating jobs and opportunity across every pocket of the country.”
The awards are facilitated by the DoE Office of Technology Transitions (OTT) Technology Commercialisation Fund (TCF).
The TCF was created by the Energy Policy Act of 2005 to help catalyse the agency’s research, development, demonstration, and deployment efforts into affordable, market-ready energy solutions, by strengthening partnerships between DOE’s National Labs and American entrepreneurs.
To date, the TCF has funded more than 380 projects by unlocking more than $170 million (€142 million) in funding from more than 300 private sector partners, including automotive manufacturers, energy storage companies, utilities, bioenergy companies, solar providers, and aerospace companies.
To receive a TCF award, National Lab teams must receive a commitment from private sector partners to match at least 50% of the anticipated federal funding.
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