DOE Launches New Office to Expand Commercial Impact of Energy Research

The U.S. Department of Energy (DOE) announced the launch of the Office of Technology Transitions (OTT) to serve as a DOE-wide functional unit that coordinates the commercial development of DOE’s research outputs and administer the Energy Technology Commercialization Fund – a nearly $20 million fund that will leverage the R&D funding in the applied energy programs to pursue high-impact commercialization activities. OTT will focus its efforts on coordinating technology transfer activities carried out at all 17 DOE national laboratories, as well as other DOE research and production facilities, to actively support private sector commercialization activities. To increase commercialization, OTT will engage and collaborate with industry during each step of the commercialization process for products and services with near-term commercial viability. Read the release…