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Title: The energy-related inventions program: Continuing benefits to the inventor community

Abstract

This report provides information on the economic, energy, and environmental impacts of inventions supported by the Energy-Related Inventions Program (ERIP) - a technology commercialization program jointly operated by the U.S. Department of Energy (DOE) and the National Institute of Standards and Technology (NIST). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. The period of interest is 1980 through 1994. The evaluation is based on data collected in 1995 through mail and telephone surveys of 211 program participants, and historical data collected during previous evaluations for an additional 253 participants. As of September 1993, a total of 609 inventions had been recommended to DOE by NIST, which screens all submitted inventions for technical merit, potential for commercial success, and potential energy impact. By the end of 1994, at least 144 (or 24%) of these inventions had entered the market, generating total cumulative sales of $961 million (in 19944). It is estimated that in 1994 ERIP inventors earned royalties of $2.3 million, and over the lifetime of the program, royalties total $28.2 million. With $47.5 million in grants awarded from 1975 through 1994 and $124 million in program appropriations overmore » the same period, ERIP has generated a 20:1 return in terms of sales values to grants, and an 8:1 return in sales versus program appropriations. Further, it is estimated that at least 757 job-years of employment were supported by ERIP technologies in 1994, and that this resulted in a return of approximately $3.4 million in individual income taxes to the U.S. Treasury. Finally, approximately $334 million of energy expenditures were saved in 1994 as a result of the commercial success of five ERIP projects. These energy savings resulted in reduced emissions of 2.1 million metric tons of carbon in 1994 alone.« less

Authors:
; ; ; ;
Publication Date:
Research Org.:
Oak Ridge National Lab., TN (United States)
Sponsoring Org.:
USDOE Assistant Secretary for Energy Efficiency and Renewable Energy, Washington, DC (United States)
OSTI Identifier:
416977
Report Number(s):
ORNL/CON-429
ON: DE97001635; TRN: 97:000317
DOE Contract Number:  
AC05-96OR22464
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: Oct 1996
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING AND POLICY; INVENTIONS; ECONOMIC IMPACT; RESEARCH PROGRAMS; COMMERCIALIZATION; ENVIRONMENTAL IMPACTS; EXPENDITURES; GRANTS; INVESTMENT; MARKET; SALES; EMPLOYMENT

Citation Formats

Braid, Jr, R B, Brown, M A, Wilson, C R, Franchuk, C A, and Rizy, C G. The energy-related inventions program: Continuing benefits to the inventor community. United States: N. p., 1996. Web. doi:10.2172/416977.
Braid, Jr, R B, Brown, M A, Wilson, C R, Franchuk, C A, & Rizy, C G. The energy-related inventions program: Continuing benefits to the inventor community. United States. doi:10.2172/416977.
Braid, Jr, R B, Brown, M A, Wilson, C R, Franchuk, C A, and Rizy, C G. Tue . "The energy-related inventions program: Continuing benefits to the inventor community". United States. doi:10.2172/416977. https://www.osti.gov/servlets/purl/416977.
@article{osti_416977,
title = {The energy-related inventions program: Continuing benefits to the inventor community},
author = {Braid, Jr, R B and Brown, M A and Wilson, C R and Franchuk, C A and Rizy, C G},
abstractNote = {This report provides information on the economic, energy, and environmental impacts of inventions supported by the Energy-Related Inventions Program (ERIP) - a technology commercialization program jointly operated by the U.S. Department of Energy (DOE) and the National Institute of Standards and Technology (NIST). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. The period of interest is 1980 through 1994. The evaluation is based on data collected in 1995 through mail and telephone surveys of 211 program participants, and historical data collected during previous evaluations for an additional 253 participants. As of September 1993, a total of 609 inventions had been recommended to DOE by NIST, which screens all submitted inventions for technical merit, potential for commercial success, and potential energy impact. By the end of 1994, at least 144 (or 24%) of these inventions had entered the market, generating total cumulative sales of $961 million (in 19944). It is estimated that in 1994 ERIP inventors earned royalties of $2.3 million, and over the lifetime of the program, royalties total $28.2 million. With $47.5 million in grants awarded from 1975 through 1994 and $124 million in program appropriations over the same period, ERIP has generated a 20:1 return in terms of sales values to grants, and an 8:1 return in sales versus program appropriations. Further, it is estimated that at least 757 job-years of employment were supported by ERIP technologies in 1994, and that this resulted in a return of approximately $3.4 million in individual income taxes to the U.S. Treasury. Finally, approximately $334 million of energy expenditures were saved in 1994 as a result of the commercial success of five ERIP projects. These energy savings resulted in reduced emissions of 2.1 million metric tons of carbon in 1994 alone.},
doi = {10.2172/416977},
journal = {},
number = ,
volume = ,
place = {United States},
year = {1996},
month = {10}
}