Our Vision
NIREC will accelerate the maturation and widespread deployment of renewable energy solutions, and ultimately create jobs. Through our Entrepreneur-in-Residence Program, we will combine promising renewable energy research with the talent, resources, market-savvy orientation and financing capabilities of the private sector to create viable businesses.
A few of NIREC's distinguishing features are:
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Specific and exclusive focus on commercialization as opposed to basic or fundamental research
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Comprehensive market-based approach to technology selection, characterization, maturation and funding
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End-to-end solutions methodology that leverages (without duplicating) existing activities and aligns both public and private sector expertise to provide affordable and effective results
The Challenges surrounding the Commercialization of Renewable Energy Technologies
The regional and national priority for renewable energy adoption is well established. However, significant barriers exist today in commercialization of clean energy including:
- Ambiguous research directions
- Technology trapped in labs
- Lack of commercialization know-how and funding
- Short-term ROI constraints
- Difficulty in attracting experienced entrepreneurial management teams
- Long maturation and characterization periods
- Incumbent technologies and fiscal regimes
"Through commercialization of renewable-energy technologies, NIREC furthers the Nevada System of Higher Education's goal of transferring technological advances from its institutions to the public, and helping to build Nevada's renewable-energy economy."
- DRI President Stephen G. Wells, Ph.D.
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