The Energy Department's National Renewable Energy Laboratory (NREL) has developed a new technology transfer licensing tool, called the Energy License, which allows licensees to deduct a portion of fuel and electricity offsets against a portion of their royalty fees.

"The Energy License demonstrates NREL's commitment to innovation leadership in the field of technology commercialization while promulgating the spirit of the Bayh-Dole Act, which promotes the commercial adoption of federally-funded innovations arising from universities and national laboratories," says NREL Senior Licensing Executive Eric Payne.

The Energy License is intended to encourage the adoption of energy efficiency and renewable energy technologies, gives preference to U.S. small businesses, and bolsters the utilization of federally funded innovations to benefit the public.

The new Energy License is another way in which NREL's cutting-edge research and innovations are being moved into the marketplace and are designed to incentivize large-scale deployment of NREL-developed technologies funded by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy.

For more information about the Energy License, contact Eric Payne at 303-275-3166.