Washington, DC (DOE) - U.S. Department of Energy Secretary Steven Chu announced today the selection of five projects to build and strengthen “innovation ecosystems” that will accelerate the movement of cutting-edge energy efficiency and renewable energy technologies from university laboratories into the market . This is the first time the Department is funding this type of university-based commercialization effort. The ecosystems will foster collaborative environments, bringing together key players from universities, the private sector, the federal government and Department of Energy National Laboratories to identify and develop new clean energy technologies and help them succeed in the marketplace. The projects will receive a total of $5.3 million in federal funding over three years, which will be leveraged with grantee investments to support $9 million in total projects. Read more > > > Part of the $40 BILLION DOE plans to dole out on unproven greenie tech..
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More DOE Acting as Greenie Venture Capitalist
