Research & Development
GFES understands the importance of Research & Development (R&D) in increasing the value of our core technologies. In recruiting the best, brightest and most innovative team members with diverse backgrounds, GFES has created a highly successful collaboration with individuals as well as with national and international companies.
GFES’ integral R&D is focused on identifying key trends and long-term technologies in the clean and renewable sectors.
GFES dedicates resources and bandwidth for a successful integration of R&D into the overall structure of the Company. GFES believes that successful R&D efforts must focus on the Return On Research Capital (RORC), a key metric in valuing ongoing R&D, and by doing so puts GFES on the path to continuing innovation and growth.
Organizing R&D for the Future
Though it’s vital to their futures, the art of collaboration is one that many research and development organizations have yet to master.
Investing in America’s Future through R&D, Innovation, and STEM Education: The President’s FY 2016 Budget
OECD Data and Statistics on R&D Tax Incentives
2016 Global R&D Funding Forecast
GFES recognizes that the true test of an R&D function must be rated by the time and depth of market penetration. Consequently, the role of our R&D must be guided by a diversity of minds cooperating to create the strategy, mindset and focus to identify, evaluate, implement and commercialize every available new concept and technology that enters the scope of renewable and sustainable energy generation.
GFES has attracted an excellent team of business and development professionals, each one with a history of success in their respective area of specialty and all committed to providing an unparalleled, successful corporate culture and environment. Team members bring valuable industry specific knowledge and experience in the geothermal and other renewable energy markets from both public and private companies, utilities and resource developers. GFES’ team of seasoned professionals provides key competitive strength with a broad range of national and international experience, with an understanding of the economies of scale. As we expand into this new area, management will actively be looking to engage with professionals with the same high standards as our team members.
Global research and development spending is forecast to grow by 3.6% in 2019 to a total of $2.3 trillion in purchasing parity values for the more than 110 countries that have significant R&D investments of over more than $100 million, according to the 2019 Global R&D Funding Forecast, the annual study published by R&D Magazine, a publication of Advantage Business Marketing.
It’s estimated that the R&D Tax Credit and other related tax breaks save US businesses more than $12 billion annually.
Any company that designs, develops, or improves products, processes, techniques, formulas, inventions, or software may be eligible. In fact, if a company has simply invested time, money, and resources toward the advancement and improvement of its products and processes, it may qualify for the R&D Tax Credit.
American Recovery and Reinvestment Act (ARRA)— On February 17th, 2009 the US Congress passed into law the Stimulus Package to restart the economy.
Advanced Research Projects Agency-Energy (ARPA-E)— is a United States government agency tasked with promoting and funding research and development of advanced energy technologies.
Collaboration— the action of working with someone to produce or create something.
Culture— the arts and other manifestations of human intellectual achievement regarded collectively.
Efficiency & Renewables— a program by the Department of Energy slated to increase the efficiencies of energy-saving homes, buildings & manufacturing and play a key role in advancing America’s “all of the above” energy strategy, leading a large network of researchers and other partners to deliver innovative technologies that will make renewable electricity generation cost-competitive with traditional sources of energy.
Fossil Energy— A hydrocarbon deposit, such as petroleum, coal, or natural gas, derived from the accumulated remains of ancient plants and animals and used as fuel.
Patent— a government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Department of Energy (DOE)— Governmental department whose mission is to advance energy technology and promote related innovation in the United States.
Intellectual Property— a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.
Research & Development (R & D)— systematic activity combining both basic and applied research and aimed at discovering solutions to problems or creating new goods and knowledge.
(RORC) Return on Research Capital— A calculation used to assess the revenue a company brings in as a result of expenditures made on research and development activities. Return on research capital (RORC) is a component of productivity and growth, since research and development (R&D) is one of the ways in which companies develop new products and services for sale.
STEM— a curriculum based on the idea of educating students in four specific disciplines — science, technology, engineering and mathematics — in an interdisciplinary and applied approach.
Symbiotic— mutually beneficial association or relationship.
GFES’ investing in R&D will help create additional jobs, improve human health, enhance access to clean energy and water, address global climate change and contribute to environmental and educational programs in science, technology, engineering and math (STEAM). GFES’ successful collaborations will continue to make a difference now and for future generations.