The Office of Technology Transitions (OTT) has been launched to help expand the commercial impact of the Department of Energy’s research. The office will work closely with the national laboratories and engage with industry to commercialize technology.
The OTT will help coordinate 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.
The OTT will also be responsible for the statutorily-created Energy Technology Commercialization Fund, a nearly $20 million fund established as part of the Energy Policy Act of 2005. The fund uses 0.9 percent of its monies for the DOE’s applied energy research, development, demonstration, and commercial application budget for each fiscal year. It also provides matching funds with private partners to promote promising energy technologies for commercial purposes.