Washington, D.C., February 16, 2012 — The U.S. Department of Energy's National Energy Technology Laboratory and Concurrent Technologies Corp. entered into a memorandum of understanding under which CTC will assist NETL in the area of technology transfer.
CTC will operate as a partnership intermediary between industry and NETL. This includes identifying industry issues and needs, presenting industry with NETL technology and research capabilities, and assisting to develop partnerships between NETL and industry.
An emerging industry in Pennsylvania, shale gas presents environmental, regulatory and business concerns. The potential for job creation, resources, and economic development is essential for the commonwealth and is a step toward energy security for the country.