Increasing and Mobilizing Partnerships to Achieve Commercialization of Technologies for Energy Act or the IMPACT for Energy Act This bill requires the Department of Energy to establish a nonprofit corporation named the IMPACT for Energy Foundation to channel private sector investment into commercial innovative technologies in energy. The foundation may establish one or more for-profit subsidiaries, including an impact investment fund to (1) stimulate economic development activities, and (2) attract for-profit investment partners for technology translation and commercialization activities.
Business investment and capitalEconomic developmentEnergy researchFinancial services and investmentsProduct development and innovationResearch and developmentSocial work, volunteer service, charitable organizationsTechnology transfer and commercialization
IMPACT for Energy Act
USA116th CongressS-2005| Senate
| Updated: 6/27/2019
Increasing and Mobilizing Partnerships to Achieve Commercialization of Technologies for Energy Act or the IMPACT for Energy Act This bill requires the Department of Energy to establish a nonprofit corporation named the IMPACT for Energy Foundation to channel private sector investment into commercial innovative technologies in energy. The foundation may establish one or more for-profit subsidiaries, including an impact investment fund to (1) stimulate economic development activities, and (2) attract for-profit investment partners for technology translation and commercialization activities.
Business investment and capitalEconomic developmentEnergy researchFinancial services and investmentsProduct development and innovationResearch and developmentSocial work, volunteer service, charitable organizationsTechnology transfer and commercialization