US Invests $20m to Bring ‘Promising’ Energy Tech to Market

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The US Department of Energy (DOE) has picked 64 projects that it says will bring “promising“ energy technologies to the marketplace.

They will share a total grant of $20 million from the Office of Technology Transitions (OTT) Technology Commercialisation Fund (TCF). matched with funding from the private sector.

The DOE adds the projects will also strengthen partnerships between its national labs and private companies to deploy energy technologies to market.

Energy Secretary Rick Perry said: “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.

“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.“