Sec. 8206. Technology commercialization fund
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Section 1001(e) of the Energy Policy Act of 2005 ( 42 U.S.C. 16391(e) ) is amended to read as follows: The Secretary, acting through the Chief Commercialization Officer established in section 1001(a) of the Energy Policy Act of 2005 ( 42 U.S.C. 16391(a) ), shall establish a Technology Commercialization Fund (hereafter referred to as the Fund ), using nine-tenths of one percent of the amount of appropriations made available to the Department for applied energy research, development, demonstration, and commercial application for each fiscal year, to be used to provide, in accordance with the cost-sharing requirements under section 988, funds to national laboratories to promote promising energy technologies for commercial purposes with private partners.
The Secretary shall develop criteria for evaluating applications for funding under this section, which may include— the potential that a proposed technology will result in a commercially successful product within a reasonable timeframe; and the relative maturity of a proposed technology for commercial application. In awarding funds under this section, the Secretary may give special consideration to applications that involve at least one applicant that has participated in an entrepreneurial or commercialization training program, such as Energy Innovation Corps.
The Secretary shall include in the annual report required under subsection (h)(2)— description of the projects carried out with awards from the Fund for that fiscal year; each project’s cost-share for that fiscal year; each project’s partners for that fiscal year. In accordance with section 8307(b) of the Clean Economy Jobs and Innovation Act , the Secretary shall submit 3 years after the enactment of that Act and every 3 years thereafter to the Committee on Science, Space, and Technology Committee of the House of Representatives and the Committee on Energy and Natural Resources of the Senate an evaluation on the long-term commercial success of projects that received awards from the Fund.
Not later than 1 year after the date of enactment of the Energizing Technology Transfer Act, the Secretary shall submit to the Committee on Science, Space, and Technology and Committee on Appropriations of the House of Representatives and the Committee on Energy and Natural Resources and Committee on Appropriations of the Senate a report on the current and recommended implementation of the Fund. The report under subparagraph
(A)shall include— a summary, with supporting data, of how much Department program offices contribute to and use the Fund each year, including a list of current funding restrictions; recommendations on how to improve implementation and administration of the Fund; and an analysis on how to spend funds optimally on technology areas that have the greatest need and opportunity for commercial application, rather than spending funds at the programmatic level or under current funding restrictions. .
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Sec. 8206
Technology commercialization fund
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