Skip to main content

Energy Research: Recovery of Federal Investment in Technology Development Projects

T-RCED-96-225 Published: Aug 01, 1996. Publicly Released: Aug 01, 1996.
Jump To:
Skip to Highlights

Highlights

GAO discussed the Department of Energy's (DOE) investment in technology development projects, focusing on the: (1) extent to which DOE requires repayment for its investment in such projects; and (2) advantages and disadvantages of the DOE repayment policy. GAO noted that: (1) DOE rarely requires repayment for its investment in cost-shared technology projects; (2) four projects require repayment for successful commercialization of innovative technologies; (3) DOE is devoting $8 billion in federal funds to cost-shared projects, of which $2.5 billion is subject to repayment; (4) DOE has revised its repayment provisions to respond to industry concerns and has reduced the percentage of commercial sales revenues that are subject to repayment; (5) DOE has spent $60.9 million for completed or terminated projects and plans to spend $41.9 million for active technology projects; (6) the DOE repayment policy allows the federal government to recover some of its investment from successfully commercialized technologies, but discourages industry leaders from participating in cost-shared development projects, creates administrative burdens for DOE and industry, and causes technologies to become less competitive; and (7) DOE needs a flexible repayment policy that allows it to share in the benefits of successfully commercialized technologies.

Full Report

Media Inquiries

Sarah Kaczmarek
Managing Director
Office of Public Affairs

Public Inquiries

Topics

Alternative energy sourcesCost sharing (finance)Energy efficiencyEnergy industryEnergy researchReimbursements to governmentResearch and development costsRoyalty paymentsTechnologyIT investments