Department of Energy Announces $33 Million for 2020 Technology Commercialization Fund Projects

Department of Energy Announces $33 Million for 2020 Technology Commercialization Fund Projects
On June 11, 2020 the U.S. Department of Energy (DOE) announced over $33 million in funding for 82 projects supported by the Office of Technology Transitions Technology Commercialization Fund (TCF). With over $36 million in matching funds from the private sector, these projects will advance the commercialization of promising energy technologies and strengthen partnerships between DOE’s national laboratories and private sector companies to deploy these technologies to the marketplace.

The TCF was created by the Energy Policy Act of 2005 to promote promising energy technologies by supporting entrepreneurs’ efforts to engage with the DOE national laboratory complex. These new TCF projects will expand DOE’s efforts to catalyze the commercial impact of the department’s portfolio of research, development, demonstration and deployment activities.

DOE received over 220 applications for 2020 TCF funding, with project teams engaging more than 130 different partners across multiple diverse disciplines. Teams must receive a 50% match of nonfederal funds from private partners to receive a TCF award.

For more information on these TCF projects, please click here.