• 4 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 minutes Beijing Must Face Reality That Taiwan is Independent
  • 11 minutes Phase One trade deal, for China it is all about technology war
  • 14 minutes Shale Oil Fiasco
  • 22 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 14 mins Trump has changed into a World Leader
  • 2 hours Which emissions are worse?: Cows vs. Keystone Pipeline
  • 1 hour Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 12 hours What's the Endgame Here?
  • 7 hours Indonesia Stands Up to China. Will Japan Help?
  • 3 hours Might be Time for NG Producers to Find New Career
  • 12 hours Turkey Muscles-In on Israel-Greece-Cyprus EastMed Gas Pipeline Deal. Erdogan Still Dreaming of Ottoman Empire II.
  • 6 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 19 hours Trump capitulated
  • 19 hours US Shale: Technology
  • 20 hours Gravity is a scam!
Alt Text

The Hottest Energy Investment Niche Of 2020

Most energy analysts are very…

Alt Text

Libya Is Facing A New Oil War

Attempts to reach a ceasefire…

Alt Text

Two Reasons Why Oil Prices Rose Today

Oil prices were trading slightly…

Haley Zaremba

Haley Zaremba

Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the…

More Info

Premium Content

US Looks To Catch Up In Crucial Energy Tech Race

The need for a flourishing energy technology sector, both in the United States and worldwide, is now more pertinent than it has ever been before. As populations around the globe continue to grow and the middle classes of such massive societies as China and India are booming and, therefore, so too their ever-expanding energy demand, the demand for traditional fossil fuels and thereby the stress on our increasingly delicate environment is also greater than ever. 

Last year the Intergovernmental Panel on Climate Change released a damning study that showed that in order to comply with the goals set by the Paris agreement (by keeping global temperatures from rising more than 1.5 degrees Celsius over pre-industrial averages this century), we will have to cut worldwide carbon emissions down by 45 percent by 2030 and all the way down to zero by the middle of the century. 

With energy demand growing and the pressing need to stop the flow of carbon dioxide into the atmosphere dovetailing into a particularly dire predicament for the planet, energy tech innovation is more needed than ever. Unfortunately, in the United States, Department of Energy regulations have sometimes hindered energy tech research and development instead of helping the sector to grow and diversify.

Until now, however, the United States Department of Energy has prohibited researchers from sharing early-stage tests of energy tech research with the private sector to bolster interest and investment in early, critical stages of research and development. As of this week, however, that is finally going to change. 

The United States Department of Energy’s technology transfer program “is designed as a bridge between government and industry research—an opportunity for the agency to work on bleeding-edge technologies that can be transitioned to the private sector, creating economies and allowing those innovations to blossom” as explained by Nextgov, but it’s not until now that they are making this crucial policy change to bring the private sector into energy tech development at an earlier junction. Related: Trump Scrambles To Win Back Angry Farmers

This is being accomplished, at long last, via the Department of Energy Research and Innovation Act. Although the act was instated in September of last year, this newest development is the result of a Tuesday regulation change “that will allow the agency to use technology transfer funds to perform these demos.” Before this week’s addendum, the act only allowed its funding to be used for three specific initiatives:

  1. Obtaining, maintaining, licensing and assigning intellectual property rights.
  2. Increasing the potential for the transfer of technology.
  3. Providing widespread notice of technology transfer opportunities.

With the new regulation change introduced this week, a fourth funding category will be added to this list, which will read: “Early stage and precommercial technology demonstration to remove barriers that limit private sector interest and demonstrate potential commercial applications of any research and technologies arising from laboratory activities.”

As explained by Nextgov, “Using that authority, the department will be able to use tech transfer funds to hold demo days where it can showcase some of the innovations the national laboratories are working on in the hopes of whetting the private sector’s appetite to take them further. [...] The department is not required to leave the rule open for public comment prior to it being enacted. However, the public notice does ask for feedback on the kinds of “early stage and precommercial technology demonstration activities” private sector partners would like to see.”

This additional opportunity for funding will allow for more flexibility in the energy tech industry that will then, if all goes accordingly, allow for and encourage more robust research and development into new, innovative approaches to the energy industry that the world so sorely needs in order to more effectively wean ourselves off of emissions-heavy fossil fuels.

By Haley Zaremba for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Steven Soychak on September 02 2019 said:
    Please stop with the Climate Hysteria that we need to get off of carbon to save the world. The IPCC reports to the UN which is one of most corrupt organization in the world (see oil for food scandal a few years ago). Their goal is globalization and to administer a Carbon tax. Would you trust the UN to do this? UN and IPCC are politically motivated to scare people with this Climate hysteria to skim Carbon tax monies so they can buy villas in Greece. Look to Alaska's Mendenhall Glacier that has receded and is uncovering a spruce tree forest that was carbon dated over 1000 years ago. This disputes the graphs the IPCC uses that we are seeing the warmest temperatures on record. Please do not fall for the IPCC and UN's political science. Trump was right to skip the G7 climate meeting.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News