DOE announces more than $65M in public and private funding to commercialize promising energy technologies
The US Department of Energy (DOE) announced more than $30 million in federal funding, matched by more than $35 million in private sector funds, for 68 projects that will accelerate the commercialization of promising energy technologies ranging from clean energy and advanced manufacturing, to building efficiency and next-generation materials.
The awards are facilitated by the DOE Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF). The TCF was created by the Energy Policy Act of 2005 to help catalyze the agency’s research, development, demonstration, and deployment efforts into affordable, market-ready energy solutions, by strengthening partnerships between DOE’s National Labs and American entrepreneurs.
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NMSU Arrowhead Center receives $1 million for clean energy tech development
Adriana M. Chávez
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Arrowhead Center at New Mexico State University will receive $1 million in funding from the U.S. Department of Energy to encourage the development and commercialization of new high-tech clean technologies in New Mexico, the DOE announced Friday.
The project, an expansion of the New Mexico Clean Energy Resilience and Growth, or NM CERG, Cluster at Arrowhead Center is in collaboration with the New Mexico Economic Development Department, Los Alamos National Laboratory and Sandia National Laboratories.
The new funding builds on work to develop the initial NM CERG cluster and run a hybrid accelerator for New Mexico clean-tech businesses, EnergySprint + SBIR (Small Business Innovation Research). The accelerator is being funded through a $50,000 competition prize the DOE’s Energy Program for Innovation Clusters, or EPIC, awarded to Arrowhead Center last year.