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US DOE Awards USD 4.6 million to Argonne to Support Collaborations With Industry

Power News - Published on Fri, 19 Jul 2019

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The US Department of Energy recently announced more than USD 24 million in funding for 77 projects aimed at advancing commercialization of promising energy technologies and strengthening partnerships between DOE's National Laboratories and private-sector companies to deploy important technologies to the marketplace. The awards are supported by the Technology Commercialization Fund which is managed by DOE's Office of Technology Transitions. All the TCF awards will be matched by funds from the private-sector partners.

DOE's Argonne National Laboratory received USD 4.6 million to fund 12 projects across four research divisions.

Conner Prochaska, Chief Commercialization Officer of US Department of Energy said that "The TCF creates an effective pathway to putting these lab-derived technologies to work and helps to maximize the impact of our research investment for the benefit of the entire nation."

US Secretary of Energy Rick Perry said that "Technology transfer is an essential component of our mission at DOE, helping ensure we deliver the maximum return on the investment of the American taxpayer. Through the Technology Commercialization Fund, we are connecting entrepreneurs in the private sector with researchers at our National Labs to help deliver the innovations and technologies that will keep our nation secure, competitive, and energy abundant."

Secretary Perry has elevated DOE's commercialization and technology transfer mission in order to heighten the awareness and commercial impact of the broad, world-class DOE research enterprise. In 2018, the Secretary named Conner Prochaska DOE's first Chief Commercialization Officer. Prochaska also serves as OTT Director.

Mr Prochaska said that "Working alongside the private sector through initiatives like the Technology Commercialization Fund ensures our innovators in the National Labs are plugged into the engine of our economy: American business. The TCF creates an effective pathway to putting these lab-derived technologies to work and helps to maximize the impact of our research investment for the benefit of the entire nation."

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Posted By : Ratan Singh on Fri, 19 Jul 2019
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