To achieve the maximum value of the project, the firm must distribute its capital rationally between the R&D stage and commercialization stage.

投资者必须在研发阶段和商业化生产阶段合理配置资金，以达到项目价值的最大化。

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The progress of these technologies leads to the practical stage in technical development of the hemihydrate process for phosphoric acid production and its commercialization is realized.

这些技术的进展使半水物湿法磷酸的技术开发进入了实用阶段，实现了工业化。

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The broad success story of the LGP shows why federal investment in clean energy is necessary to help early-stage clean energy technologies achieve scale and reach commercialization.

FORBES: Solyndra's Failure Is No Reason To Abandon Federal Energy Innovation Policy