Washington, D.C. – U.S. House Assistant Speaker Ben Ray Luján (D-N.M.) and U.S. Representative Joe Wilson (R-S.C.) secured a bipartisan amendment in the Clean Economy Jobs and Innovation Act to establish a nonprofit partner to the U.S. Department of Energy (DOE) that would channel private-sector investments and accelerate the commercialization of innovative energy technologies.
The IMPACT for Energy Act was introduced by Luján and Wilson in the House and by U.S. Senators Chris Coons (D-Del.) and Lindsey Graham (R-S.C.) in the Senate. The bipartisan, bicameral bill was included as an amendment in the Clean Economy Jobs and Innovation Act that the House will vote on this Thursday.
The legislation would establish a nonprofit foundation to support the DOE’s mission by driving private-sector investments in new technology, supporting public-private partnerships to accelerate commercialization, and bringing key stakeholders together to address our nation’s most pressing challenges, including the climate crisis. Similar nonprofit foundations benefitting the National Institutes of Health (NIH), the Centers for Disease Control and Prevention (CDC), and the U.S. Department of Agriculture have shown success in bolstering research and innovation. The nonprofit foundations for the CDC and NIH have been able to assist with COVID-19 relief and treatment efforts, raising millions of dollars to deploy support to hard-hit communities and coordinating efforts with the private sector to advance vaccine development.
“New Mexico is home to two world-class National Laboratories at the forefront of developing technologies and keeping our nation safe and secure. As Co-Chair of the Congressional Labs Caucus, I was proud to introduce the bipartisan IMPACT for Energy Act to create a nonprofit partner to the DOE to bring government and industry leaders and innovators together to address the needs of our communities,” said Assistant Speaker Luján. “I look forward to seeing this important legislation pass as part of a broader legislative package to tackle the climate crisis and bolster clean energy across America.”
“The Impact for Energy Act creates a timely opportunity for modernizing our nation’s energy infrastructure and technologies. Creating the Energy Technology Commercialization Foundation (ETCF) will allow a public-private partnership that leverages existing work at National Labs with private companies and academia to support the creation, development, and commercialization of next generation energy technologies across the country. I look forward to the ETCF increasing America’s energy resiliency while simultaneously creating jobs and bolstering our global competitiveness,” said Representative Wilson.