Sec. 9003. TECHNOLOGY COMMERCIALIZATION FUND
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## SEC. 9003 TECHNOLOGY COMMERCIALIZATION FUND Section 1001(e) of the Energy Policy Act of 2005 (42 U.S.C. 16391(e)) is amended to read as follows: > > ### “(e) Technology Commercialization Fund > > > #### “(1) Establishment > > 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 private partners, including national laboratories, to promote promising energy technologies for commercial purposes. > > > #### “(2) Applications > > > ##### “(A) Considerations > > The Secretary shall develop criteria for evaluating applications for funding under this section, which may include— > > > ###### “(i) > > the potential that a proposed technology will result in a commercially successful product within a reasonable timeframe; and > > > ###### “(ii) > > the relative maturity of a proposed technology for commercial application. > > > ##### “(B) Selections > > 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. > > > ### “(f) Annual Report > > The Secretary shall include in the annual report required under section 9007(a) of the Energy Act of 2020— > > > #### “(1) > > description of the projects carried out with awards from the Fund for that fiscal year; > > > #### “(2) > > each project’s cost-share for that fiscal year; and > > > #### “(3) > > each project’s partners for that fiscal year. > > > ### “(g) Technology Commercialization Fund Report > > > #### “(1) In general > > Not later than 1 year after the date of enactment of the Energy Act of 2020, 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. > > > #### “(2) Contents > > The report under subparagraph
(A)shall include— > > > ##### “(A) > > 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; > > > ##### “(B) > > recommendations on how to improve implementation and administration of the Fund; and > > > ##### “(C) > > 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. 9003
TECHNOLOGY COMMERCIALIZATION FUND
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