GFE understands the importance of R&D in increasing the value of our core technologies. In recruiting the best, brightest and most innovative team members with diverse backgrounds, GFE has created a highly successful collaboration with individuals as well as with national and international companies.
GFE’s integral Research & Development (R&D) is focused on identifying key trends and long-term technologies in the clean and renewable sectors.
GFE dedicates resources and bandwidth for a successful integration of R&D into the overall structure of the Company. GFE 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 GFE on the path to continuing innovation and growth.
GFE 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.
GFE 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. GFE’s 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.
History shows that some companies tend to focus more on “development” and less on “research”, mainly to meet short-term operational goals. It must be clearly understood that R&D has a strategic orientation and using the R&D function to meet short-term objectives is unwise and does not lend itself to sustainability. We have no intention to concentrate on R&D, but will actively follow our unique R&D vision.
GFE management with its diverse team members fosters a corporate philosophy based on a balance between a solid foundation of sustainable growth and profitability for the future and for the betterment of the quality of life for generations to come. GFE’s focus must remain centered on existing alternative energy technologies and the vision of our R&D efforts extending to new solutions for future decades. Our diverse team and their ideas will assure our advancement in the bright future of the sustainability energy industry.
GFE will support traditional R&D efforts and we will:
“For 2016, total R&D spending in the United States is expected to increase by 3.4% to $514 billion or a 1.9% increase after accounting for 2016’s projected 1.5% inflation rate. This is the third consecutive year of positive increases…” (2016 Global R&D Funding Forecast)
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.
GFE’s 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 (STEM). GFE’s successful collaborations will continue to make a difference now and for future generations.
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.
Though it’s vital to their futures, the art of collaboration is one that many research and development organizations have yet to master.Read More