The Inflation Reduction Act (IRA) of 2022,1 represents a significant legislative effort by the U.S. Government to address climate change, enhance energy security, and promote economic sustainability through substantial investments in clean energy. This act is poised to have a profound impact on the commercialization and deployment of clean energy technologies and save Americans on energy costs.
As with the Base Annual Appropriated TCF, 0.9% of the research, development, demonstration (RD&D) and commercialization application2 funding provided by IRA is allocated to the TCF. The Office of Technology Commercialization () collaborates closely with the Office of Clean Energy Demonstrations (OCED) to design and implement IRA TCF activities that promote the commercialization of promising energy technologies and advance the goals of IRA. Similar to the Bipartisan Infrastructure Law TCF, the IRA TCF seeks to Cultivate a broader innovation network around the IRA’s provisions to enable faster replication and scaling of industrial decarbonization demonstration projects for broader private sector uptake.
1 Inflation Reduction Act, H.R. 5376, Public Law 117–169—AUG. 16, 2022
2 TCF does not apply to DOE’s budget for deployment activities.
Programs
In partnership with OCED, FECM, and EERE, OTC announced the Voucher Program in July 2023.
Through this program, businesses and other relevant entities are provided an opportunity to work with third-party organizations to address specific commercialization barriers they face as they develop their technology and grow their business. The Voucher Program leverages DOE’s recent partnership intermediary agreement with ENERGYWERX.
In January 2024, OTC announced 111 entities to receive support in advancing their clean energy technologies, valued at $9.8M. Read the announcement.
In October 2024, OTC announced over 170 companies, tribes, and local governments to receive support to advance commercialization of clean energy technologies in the form of in-kind DOE-funded vouchers. Almost 60 organizations, including six National Labs, will provide this support valued at more than $20 million. Read the announcement.
Be sure to join the ENERGYWERX ecosystem and receive updates by signing up at energywerx.org. Please reach out with questions by emailing ENERGYWERX at info@energywerx.org.
The U.S. Department of Energy’s (DOE) Office of Technology Commercialization(OTC) and the Office of Clean Energy Demonstrations, with support from the Industrial Efficiency & Decarbonization Office, and the Office of Manufacturing and Energy Supply Chains (MESC), today announced approximately $15 million in funding to address adoption challenges preventing later stage commercialization, demonstration, and deployment of industrial decarbonization technologies through the Collaborative Alignment for Critical Technology Industries – Industrial Decarbonization Lab Call. This lab call aims to bring stakeholders together to address challenges that result when entities work on similar industrial decarbonization strategies in isolation, boosting collaboration and best practices alignment in three sectors: chemicals and refining, concrete and cement, metals.
These lab-led working groups will collaboratively develop and begin to implement recommendations and best practices for resolving identified challenges.
OTC anticipates awarding ~$15 million in Fiscal Year 2024 IRA funding to projects led by DOE National Laboratories to accelerate commercialization in the Chemicals & Refining, Concrete and Cement, and Metals industries with an interest in industrial decarbonization.
DOE will hosted a webinar on Wednesday, September 4, 2024, at 3pm ET to discuss the program and areas of focus. View the slide deck here.
Please reach out with questions by emailing DOE OTC's TCF IIJA team at TCF.BIL@hq.doe.gov.
