U.S. Department of Energy

The U.S. Department of Energy is a government agency established in 1977, located in Washington, D.C. Its primary mission is to ensure the security and prosperity of the nation by tackling energy, environmental, and nuclear challenges. The Department focuses on promoting transformative scientific and technological solutions to address these issues, thereby supporting the country's energy needs and environmental sustainability.

Maria Robinson

Director of DOE's Grid Deployment Office

Jigar Shah

Director

Past deals in Renewables

NREL is the only federal laboratory dedicated to the research, development, commercialization and deployment of renewable energy and energy efficiency technologies. Backed by 33 years of achievement, NREL leads the way in helping meet the growing demand for clean energy.
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2019, it owned an electric transmission system consisting of 1,264 circuit miles, including 287 circuit miles of 500 kilovolt line, 423 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line. The company has 27,755 circuit miles of distribution lines. It also purchases and sells wholesale natural gas in the United States and Canada. The company serves approximately 895,000 residential, commercial, and industrial customers in 51 cities. Portland General Electric Company was founded in 1889 and is headquartered in Portland, Oregon.

Equiwatt

Grant in 2023
Equiwatt Limited, founded in 2015 and based in Gateshead, United Kingdom, operates a digital platform that allows households to earn payments for reducing energy consumption during peak times. The company's innovative technology enables consumers to participate in demand response programs, encouraging them to turn off energy-intensive appliances when electricity prices are high. By managing the power usage of numerous household devices, Equiwatt is creating a crowd-owned virtual power plant that can effectively respond to grid inefficiencies while promoting clean energy use. Through this approach, Equiwatt empowers energy consumers to trade their demand flexibility in energy markets, contributing to a more sustainable and efficient energy system.

Redwood Materials

Debt Financing in 2023
Redwood Materials, Inc. is a recycling and materials processing company based in Carson City, Nevada, founded in 2017. The company specializes in developing sustainable methods for recycling various metals and materials, particularly from batteries and electronics, to support circular supply chains. Its focus includes lithium, nickel, copper, gold, silver, cobalt, and other critical elements used in electric vehicles, renewable energy storage, and consumer electronics. By providing environmentally sound recycling solutions, Redwood Materials aims to address the increasing demand for battery end-of-life management as the number of electric vehicles rises globally. The company's innovative technology not only recycles waste but also generates essential raw materials, enabling manufacturers to create sustainable products and significantly contributing to the transition towards a circular economy.

Ioneer

Post in 2023
Ioneer Ltd is a mineral exploration company based in North Sydney, Australia, focused on developing its 100% owned Rhyolite Ridge lithium-boron project in Nevada, USA. The company aims to create a sustainable future by providing a reliable source of lithium and boron, two critical materials for various applications, including renewable energy technologies. Ioneer is committed to environmentally and socially responsible extraction practices, reflecting its vision of contributing to a sustainable planet. Since its incorporation in 2001 and subsequent name change in 2018, Ioneer has established a presence in both Australia and North America, emphasizing the importance of its mineral resources in addressing global sustainability challenges.

RePurpose Energy

Grant in 2022
Repurpose Energy provide affordable & sustainable energy storage solutions to enable the renewable energy transition.
Ocean Power Technologies, Inc. is a leader in developing systems that convert ocean wave energy into electricity. The company operates primarily in North and South America, Europe, and Asia, offering various products, including the PB3 PowerBuoy system, which generates power independently of the electric grid for use in remote offshore locations. Their product line includes both utility and autonomous PowerBuoy systems, as well as hybrid PowerBuoy products and subsea battery systems. Additionally, the company provides services such as electric power generation, real-time data communications, and marine installation for sectors like offshore oil and gas, defense and security, science and research, and communication. Founded in 1984 and headquartered in Monroe Township, New Jersey, Ocean Power Technologies targets public and private entities that require reliable remote power solutions.
NREL is the only federal laboratory dedicated to the research, development, commercialization and deployment of renewable energy and energy efficiency technologies. Backed by 33 years of achievement, NREL leads the way in helping meet the growing demand for clean energy.

TEVERRA

Grant in 2022
PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects. It conducts cutting edge R&D and executes global service projects to increase its clients' profitability yet minimizing their environmental footprint. Petrolern’s mission is to apply the knowledge and learnings from the oil and gas industry to accelerate movement toward cleaner energy sources. We envision this by optimization and real-time monitoring of subsurface operations using advanced sensor technologies and artificial intelligence.

AirCapture

Grant in 2022
Developer of direct air capture technology designed to help businesses become carbon neutral, or even negative. The company leverages technology to develop modular and on-site technologies to efficiently capture carbon dioxide from the environment, enabling businesses to reduce greenhouse emissions.
Rocky Mountain Institute (RMI) is an independent, non-partisan nonprofit that drives the efficient and restorative use of resources. Co-founded in 1982 by Amory Lovins, its Chairman Emeritus and Chief Scientist, RMI now has approximately 80 full-time staff, annual operations of $16 million, and a global reach and reputation. RMI advances market-based solutions, engaging businesses, communities, and institutions to cost-effectively shift to efficiency and renewables. We employ rigorous research, analysis, and whole-systems expertise to develop breakthrough insights. We then convene and collaborate with diverse partners—business, government, academic, nonprofit, philanthropic, and military—to accelerate and scale solutions. RMI's strategic focus is transforming global energy use to create a clean, prosperous, and secure energy future.
NREL is the only federal laboratory dedicated to the research, development, commercialization and deployment of renewable energy and energy efficiency technologies. Backed by 33 years of achievement, NREL leads the way in helping meet the growing demand for clean energy.
Oak Ridge National Laboratory is DOE’s largest multi-program science and energy laboratory that holds a wide range of R&D assignments, from fundamental nuclear physics to applied R&D on advanced energy systems. In addition, it has a reputation for combining insights from fundamental science with an in-depth technical understanding of applied systems to deliver practical solutions to real-world problems. Oak Ridge National Laboratory tracks opportunities to put its solutions to work, often collaborating with industry to accelerate their deployment by the private sector. Products as diverse as radiation detectors, thin-film batteries, high-efficiency heat pumps, and high-performance steel alloys have emerged from the Oak Ridge National Laboratory’s R&D. Transfer of Oak Ridge National Laboratory’s innovations to the private sector has created new industries in the United States, resulted in substantial cost savings for companies and consumers, and provided jobs for Americans. Its staff scientists in collaboration with over 4,000 visiting researchers annually make new scientific discoveries and develop new technologies. Oak Ridge National Laboratory was founded in 1943 and is based in Oak Ridge, T.N.

TerraPower

Grant in 2022
TerraPower, LLC, founded in 2008 and based in Bellevue, Washington, focuses on developing advanced nuclear energy technology aimed at providing sustainable and economical electricity production. The company is primarily known for its traveling wave reactor (TWR), which generates heat and electricity by utilizing fuel made from depleted uranium. In addition to its core TWR technology, TerraPower operates laboratories to support nuclear research and engineering, develops radioisotope generators for medical applications, and is working on molten chloride fast reactor (MCFR) solutions to extend the benefits of nuclear technology to sectors beyond electricity generation. The company aims to enhance the reliability of nuclear power plants while addressing issues of energy independence, environmental sustainability, and waste management.

C-Power

Grant in 2022
Columbia Power Technologies, Inc. specializes in the development and commercialization of wave energy harvesting systems, focusing on offshore applications. One of its key products, StingRAY, is designed to be deployed in water depths exceeding 60 meters and operates similarly to wind turbines in arrays. This innovative system captures energy from ocean waves and generates electricity on-board, making it suitable for various applications, including powering oceanographic sensors and generating megawatt-scale electricity. Founded in 2005 and headquartered in Charlottesville, Virginia, the company also maintains a research facility in Corvallis, Oregon, where it continues to advance its wave energy technology for reliable performance in diverse sea conditions.
Littoral Power Systems, established in 2015 by experts in the alternative energy sector, focuses on innovative and sustainable hydropower technologies. The company specializes in providing renewable power solutions deployable in remote, non-grid-connected areas. A key feature of Littoral's approach is the development of prefabricated, modular equipment, which simplifies assembly and maintenance, allowing local installation crews with limited resources to effectively implement hydropower systems. The firm produces equipment made from recycled materials, addressing challenges related to cost, environmental impact, and regulatory complexities in ocean energy. Their designs cater to various applications, from small configurations suitable for tight waterways to large energy farms, enabling clients to efficiently harness energy with minimal environmental footprint.

Oscilla Power

Grant in 2022
Oscilla Power, Inc. is focused on developing renewable energy solutions, primarily through its Triton wave energy converter, which harnesses the potential of ocean waves to generate electricity. The company utilizes its patented iMEC technology platform, which leverages low-cost magnetostrictive alloys to efficiently convert mechanical energy into electrical energy. This technology can be applied to both new systems for large-scale renewable energy production and existing structures to capture energy from vibrational sources. Oscilla Power's efforts are directed towards utility-scale wave energy generation and providing downhole power solutions for the oil and gas industry. The company has received support for its innovative projects from various federal agencies, including the National Science Foundation and the Department of Energy. Founded in 2009 and based in Seattle, Washington, Oscilla Power also maintains satellite offices in Edinburgh, United Kingdom, and Kochi, India.

CalWave

Grant in 2022
CalWave is bringing superior power generating technology to market with global reach. Our proprietary wave energy converter technology achieves high performance while surviving storms and extreme conditions. Ocean waves are 20-60 times more energy-dense, predictable, and consistent compared to other forms of renewable energy. They are available at night and during winters. CalWave's patented technology converts this energy to electricity, equipping coastal communities with clean, reliable and local energy while keeping our planet and the health of future generations in mind.

Geothermix

Grant in 2022
Geothermix is to increase heat recovery from geothermal resources by an order of magnitude or more through the application of horizontal wells and novel well-completion methods.

Transitional Energy

Grant in 2022
Transitional Energy brings geothermal technology to the oil and gas industry to generate clean, baseload power from heat waste.
ICE Thermal Harvesting was founded as a partnership between like-minded individuals who view the global energy supply holistically. We desire to help piece together the energy mosaic that will provide for the society of the future. ICE Thermal Harvesting is based in The Woodlands, TX and focuses on supplying zero-emission power in various regions around the world.

TEVERRA

Grant in 2022
PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects. It conducts cutting edge R&D and executes global service projects to increase its clients' profitability yet minimizing their environmental footprint. Petrolern’s mission is to apply the knowledge and learnings from the oil and gas industry to accelerate movement toward cleaner energy sources. We envision this by optimization and real-time monitoring of subsurface operations using advanced sensor technologies and artificial intelligence.
Novoreach Technologies develops innovative material solutions for clean energy and environment applications.

Greenway Energy

Grant in 2022
Greenway Energy (GWE) is making substantial progress in the areas of hydrogen solutions and fuel cell technologies that will be environmentally beneficial.

Heliogen

Grant in 2021
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

ReactWell

Grant in 2021
ReactWell, L.L.C. is an innovative company based in New Orleans, Louisiana, specializing in the development of underground reactor systems that convert lower-value liquids, gases, and solids into synthetic oil and various valuable liquid chemicals. Founded in 2011, the company also offers the Electromagnetic Oil Pipe Plugger (EMOPP), a system designed to effectively clog pipes. ReactWell provides its advanced technology services and products to a range of industries, including oil and gas, mining, petrochemicals, utilities, clean technology, and renewable energy. Their offerings support numerous applications such as crude oil substitutes, synthesis starting products, sterilization, mineral scavenging, and wastewater treatment, among others. By leveraging science, engineering, and information technology, ReactWell aims to deliver cost-effective renewable oil and chemical solutions, addressing the challenges posed by dwindling supplies of conventional hydrocarbons.

Terrestrial Energy

Grant in 2021
Terrestrial Energy Inc. is dedicated to the development and deployment of nuclear reactors utilizing its proprietary Integral Molten Salt Reactor (IMSR) technology, based in Oakville, Canada. Founded in 2012, the company focuses on creating advanced reactor power plants that employ molten salt as both fuel and coolant, enabling efficient heat generation. IMSR technology is designed to provide clean and cost-competitive heat for various industrial applications, extending the use of nuclear energy beyond traditional electric power markets to include processes such as chemical synthesis and desalination. This innovative approach aims to enhance industrial competitiveness and energy security while facilitating rapid global decarbonization by replacing fossil fuel combustion. Terrestrial Energy's IMSR power plants are positioned to enter the market within the 2020s, offering a safe and economically viable solution for harnessing clean energy.

Quino Energy

Grant in 2021
Quino Energy manufactures batteries that use specially designed reactants called quinones that are dissolved in water. It is made from low-cost coal tar and wood tar, and is more cost-effective than competing battery technologies at longer storage durations of 5-12 hours. Quino Energy has licensed the quinone flow battery technology from Harvard University, where it was first developed.
The Rhode Island Office of Energy Resources develops policies and programs that respond to the state's evolving energy needs while advancing environmental sustainability, energy security, and a vibrant clean energy economy.

National Grid

Grant in 2021
National Grid is a major energy company operating in the United States and the United Kingdom, focusing on electricity and gas transmission and distribution. In North America, it generates electricity from various sources, including oil, gas, solar, and wind, while also engaging in gas distribution and investment in natural gas infrastructure, such as pipelines. In the UK, National Grid Gas plc manages a high-pressure gas transmission system, comprising over 7,630 kilometers of pipeline and numerous compressor stations. The company is committed to transforming energy networks to deliver cleaner and more resilient energy solutions, aiming to reduce greenhouse gas emissions. National Grid plays a crucial role in connecting customers and communities to energy, emphasizing safety, reliability, and efficiency in its operations. Through its regulated utility businesses and National Grid Ventures, the company is actively working to develop innovative solutions for the energy challenges of the future, collaborating with various stakeholders to facilitate the transition to decarbonized and decentralized energy systems.

TEVERRA

Grant in 2021
PETROLERN LLC is a leading-edge technology company working on subsurface solutions for carbon storage, geothermal and oil and gas projects. It conducts cutting edge R&D and executes global service projects to increase its clients' profitability yet minimizing their environmental footprint. Petrolern’s mission is to apply the knowledge and learnings from the oil and gas industry to accelerate movement toward cleaner energy sources. We envision this by optimization and real-time monitoring of subsurface operations using advanced sensor technologies and artificial intelligence.

Tandem PV

Grant in 2021
Tandem PV, Inc. is a manufacturer of innovative photovoltaic cells that combine perovskite and silicon technologies to enhance solar panel efficiency. Founded in 2016 and based in Palo Alto, California, the company, previously known as Iris Photovoltaics, rebranded in February 2018. Tandem PV specializes in mechanically-stacked solar panels that integrate metal-halide perovskite semiconductors with traditional silicon cells. This integration aims to significantly improve the efficiency and economic viability of solar energy systems, providing clients with a substantial increase in the value and market potential of solar power while reducing installation costs. By leveraging advanced materials and technologies, Tandem PV seeks to contribute to the advancement of solar energy solutions.

Heliogen

Grant in 2020
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

ReactWell

Grant in 2020
ReactWell, L.L.C. is an innovative company based in New Orleans, Louisiana, specializing in the development of underground reactor systems that convert lower-value liquids, gases, and solids into synthetic oil and various valuable liquid chemicals. Founded in 2011, the company also offers the Electromagnetic Oil Pipe Plugger (EMOPP), a system designed to effectively clog pipes. ReactWell provides its advanced technology services and products to a range of industries, including oil and gas, mining, petrochemicals, utilities, clean technology, and renewable energy. Their offerings support numerous applications such as crude oil substitutes, synthesis starting products, sterilization, mineral scavenging, and wastewater treatment, among others. By leveraging science, engineering, and information technology, ReactWell aims to deliver cost-effective renewable oil and chemical solutions, addressing the challenges posed by dwindling supplies of conventional hydrocarbons.
NREL is the only federal laboratory dedicated to the research, development, commercialization and deployment of renewable energy and energy efficiency technologies. Backed by 33 years of achievement, NREL leads the way in helping meet the growing demand for clean energy.

BlueDot Photonics

Grant in 2019
BlueDot Photonics, Inc., based in Kirkland, Washington, specializes in the design, development, and production of solar panels and photonic devices. Founded in 2019, the company aims to significantly advance solar power deployment by reducing the cost of silicon solar panels by 10% while improving their efficiency by 16%. Additionally, BlueDot Photonics is focused on innovative manufacturing techniques to create flexible, lightweight solar modules with efficiencies exceeding 25%. By utilizing new semiconductor materials, the company enhances the performance and durability of solar panels, enabling customers to access affordable alternative energy solutions.

Principle Power

Grant in 2019
Principle Power, Inc. specializes in providing technology and services for the offshore wind industry, focusing on the deep-water market where traditional installations have faced economic and technological challenges. Founded in 2007 and headquartered in Emeryville, California, with additional offices in France and Portugal, the company has developed the WindFloat, a semi-submersible floating wind turbine foundation. This innovative technology allows offshore wind projects to be established in transitional and deep-water locations, enabling optimal wind resource harvesting regardless of water depth or seabed conditions. Principle Power serves a diverse clientele, including developers, utilities, and independent power producers, aiming to unlock the potential of offshore wind energy on a global scale.

Sunvapor

Grant in 2019
Sunvapor, Inc. is a renewable energy technology and project development company based in Livermore, California. Founded in 2014, the company specializes in the development of solar parabolic trough collectors that utilize solar thermal energy to produce steam on an industrial scale. Sunvapor offers a solar steam plant that integrates innovative energy storage technology with its solar collectors, enhancing the efficiency and reliability of solar energy production.

Carbon Clean

Grant in 2019
Carbon Clean Solutions Pvt. Ltd. specializes in carbon dioxide (CO2) separation technology aimed at reducing emissions from industrial applications, particularly in sectors such as power generation, steel, cement, and chemicals. Founded in 2009 and based in Mumbai, India, the company has research and operational facilities in the United Kingdom and the United States. Its proprietary technologies include CDRMax, which recovers CO2 from flue gases in the fertilizer industry, and Meth Pure, designed for biogas purification without methane loss. Additionally, CCS TGR technology targets CO2 emissions from iron production processes. The firm’s advanced, energy-efficient carbon capture systems can be integrated into new power plants or retrofitted to existing facilities, allowing for the extraction of up to 90% of CO2 from flue gases. By providing scalable and cost-effective solutions, Carbon Clean Solutions helps industries decarbonize and take advantage of the value of captured carbon.

EcoLectro

Grant in 2018
Ecolectro makes materials that make clean fuels and chemicals. The company is commercializing a proprietary platform of novel polymers that are best in class, allowing its customers to produce devices that last longer and cost less. Ecolectro has defensible IP, state-of-the-art facilities, experienced personnel, and strong customer traction.

SolarReserve

Grant in 2018
SolarReserve, a venture-backed renewable energy company, focuses on advanced solar thermal storage technology. SolarReserve was formed to solve two of the fundamental barriers of renewable energy: scalability and storage. Unlike hydroelectric, geothermal, biomass, and other renewable energy technologies that use limited renewable fuel sources, SolarReserve's power plants draw their heat from the sun - earth's ultimate source of clean energy. And unlike wind and photovoltaics, SolarReserve's power plants can deliver power whenever it is needed, either 24 hours per day or only during "peak" demand. By overcoming these two key barriers, SolarReserve enables utility-scale, clean, renewable electricity generation.

Flibe Energy

Grant in 2018
Flibe Energy, Inc. is an engineering company specializing in the design, construction, licensing, and operation of small modular reactors utilizing liquid fluoride thorium reactor (LFTR) technology. Founded in 2011 and headquartered in Huntsville, Alabama, with additional representatives in Singapore and Australia, the company focuses on harnessing thorium to generate electricity, produce desalinated water from seawater, and create medical therapeutic radioisotopes. The LFTR technology, developed from pioneering work at Oak Ridge National Laboratory, enhances the efficiency of thorium as a sustainable energy source. By employing molten-salt reactor technology, Flibe Energy aims to unlock the full potential of thorium, positioning it as a clean, reliable, and abundant resource for energy and medical applications.

PolarPanel

Grant in 2018
PolarPanel is a Forbes 30 Under 30 renewable energy startup focused on bringing clean, reliable, and low-maintenance refrigeration technology to the commercial cold chain.

NuScale Power

Grant in 2018
NuScale Power, LLC specializes in the design, manufacture, and commercialization of small modular reactor nuclear power plants for various power generation applications both in the United States and internationally. The company's flagship product, the NuScale Power Module, operates independently and can function within multi-module configurations. This innovative technology is supported by extensive research and development, drawing on decades of experience from leading nuclear scientists and the U.S. government. NuScale's solutions cater to a wide range of applications, including electric generation, cogeneration, process steam, remote mining operations, desalination, and government needs. Founded in 2007 and headquartered in Portland, Oregon, NuScale also maintains offices in several U.S. cities and London, United Kingdom. The company operates as a subsidiary of Fluor Enterprises, Inc., and has established a strategic partnership with Sargent & Lundy.

Sironix Renewables

Grant in 2017
Sironix Renewables, Inc. is a Seattle-based company founded in 2016 that specializes in producing environmentally friendly ingredients for cleaning and personal care products derived from plants. The company focuses on the development of oleo-furan surfactant technology, which enables the production of plant-based detergents with fewer harmful chemicals and higher effectiveness. Sironix Renewables aims to create safer consumer products, offering alternatives that are free from harmful additives. Additionally, the company’s innovations have potential applications in various industries, including agricultural pesticides and oil spill remediation, reflecting its commitment to sustainability and safety in industrial consumer products.

PowerMarket

Grant in 2017
ProjectEconomics specializes in providing software and solutions designed to enhance the efficiency of distributed generation programs within the energy sector, particularly focusing on community solar initiatives. The company caters to utilities, energy retailers, and solar developers, facilitating the implementation and administration of community solar projects. By streamlining these processes, ProjectEconomics aims to support the growth of renewable energy and promote more accessible solar power options for communities.

Echogen Power Systems

Grant in 2017
Echogen Power Systems, LLC develops heat-to-power generation systems. The company’s product captures heat energy and converts into usable power. It offers heat recovery systems for bottom cycling in gas turbines, industrial waste heat recovery, solar thermal, geothermal, and hybrid alternatives to the internal combustion engines. The company also offers heat recovery engines for various power outputs. It serves companies that generate heat as a byproduct of their processes, and others. The company was founded in 2007 and is based in Akron, Ohio. Echogen Power Systems, LLC is a former subsidiary of Cognitek Management Systems Inc.
Next Energy Technologies, founded in 2010 and based in Santa Barbara, California, specializes in transparent energy harvesting window technology. The company's innovative approach allows windows to generate energy from sunlight while maintaining aesthetic appeal and high performance. Their technology is designed to work efficiently even in challenging lighting conditions, and it features coatings integrated directly into dual-pane windows, eliminating additional encapsulation costs. This enables clients to convert windows and glass facades into low-cost, on-site renewable energy sources for buildings. Through its advancements, Next Energy Technologies aims to reshape the landscape of energy production in the built environment.

Energetic Capital

Grant in 2017
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. The company specializes in providing solar insurance solutions aimed at mitigating credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. Its flagship product, EneRate, offers coverage for third-party solar developers and asset owners, protecting them against payment default risks and revenue losses when off-takers fail to meet their Power Purchase Agreement (PPA) obligations. Additionally, Energetic Insurance has developed a systematic approach to address off-taker payment defaults, thereby facilitating solar financing for organizations that are unrated or classified as below investment grade. This innovative, data-driven methodology aims to enhance risk management within the renewable energy sector, promoting increased project deployment and capital investment in solar initiatives.

Solstice Energy Solutions

Venture Round in 2017
Solstice Energy Solutions uses IoT and software to enable, connect, and intelligently manage the shared-economy of distributed energy resources in emerging markets. The company was founded in 2016 and is headquartered in San Francisco, California.

Sironix Renewables

Grant in 2016
Sironix Renewables, Inc. is a Seattle-based company founded in 2016 that specializes in producing environmentally friendly ingredients for cleaning and personal care products derived from plants. The company focuses on the development of oleo-furan surfactant technology, which enables the production of plant-based detergents with fewer harmful chemicals and higher effectiveness. Sironix Renewables aims to create safer consumer products, offering alternatives that are free from harmful additives. Additionally, the company’s innovations have potential applications in various industries, including agricultural pesticides and oil spill remediation, reflecting its commitment to sustainability and safety in industrial consumer products.

Solstice

Grant in 2016
Solstice Power Technologies, Inc. develops customer management software for solar power companies. It provides an online platform for solar marketplace that offers subscriber aggregation and management services to solar developers, utilities, and other providers of shared solar energy. Solstice Power Technologies, Inc. was formerly known as Solstice Initiative, Inc. The company was founded in 2014 and is based in Cambridge, Massachusetts.

PowerScout

Grant in 2016
PowerScout, Inc. is an online platform based in San Francisco that assists California residents in finding and comparing deals on clean energy solutions. The company specializes in smart home improvements, including solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. By entering their address and sharing their electric bill, users can receive customized offers, choose purchase options, and schedule home surveys and installations. Utilizing artificial intelligence and extensive data analysis, PowerScout helps consumers understand their options and make informed decisions by providing competitive bids from a curated selection of top installation service providers. Founded in 2015, PowerScout aims to streamline the decision-making process for smart home improvement similar to how Credit Karma simplifies credit card selection. The company has received significant grants from the U.S. Department of Energy, underscoring its commitment to promoting clean energy solutions.

PowerMarket

Grant in 2016
ProjectEconomics specializes in providing software and solutions designed to enhance the efficiency of distributed generation programs within the energy sector, particularly focusing on community solar initiatives. The company caters to utilities, energy retailers, and solar developers, facilitating the implementation and administration of community solar projects. By streamlining these processes, ProjectEconomics aims to support the growth of renewable energy and promote more accessible solar power options for communities.

Pick My Solar

Seed Round in 2015
Solar Merchant operates an online solar marketplace that focuses on the development process for the small commercial solar sector using a suite of in-house and industry-networked software. The company was founded in 2015 and it operates as a subsidiary of Pick My Solar Corp.

Accio Energy

Grant in 2015
Accio Energy is making distributed wind energy systems scalable, reliable, and affordable with Aerovoltaic energy systems that directly convert wind energy to electricity without any moving parts. Accio Energy Aerovoltaic energy systems offer the low cost of big wind with the modularity and flexibility of solar. It's a new direction in wind energy. The company was founded in 2007 and is based in Ann Arbor, Michigan.

PowerScout

Grant in 2015
PowerScout, Inc. is an online platform based in San Francisco that assists California residents in finding and comparing deals on clean energy solutions. The company specializes in smart home improvements, including solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. By entering their address and sharing their electric bill, users can receive customized offers, choose purchase options, and schedule home surveys and installations. Utilizing artificial intelligence and extensive data analysis, PowerScout helps consumers understand their options and make informed decisions by providing competitive bids from a curated selection of top installation service providers. Founded in 2015, PowerScout aims to streamline the decision-making process for smart home improvement similar to how Credit Karma simplifies credit card selection. The company has received significant grants from the U.S. Department of Energy, underscoring its commitment to promoting clean energy solutions.

Ecovia Renewables

Grant in 2015
Ecovia Renewables Inc., founded in 2014 as a spin-out from the University of Michigan and based in Ann Arbor, specializes in developing bio-based ingredients and materials through a proprietary fermentation process utilizing renewable biomass. The company offers a variety of products, including the EcoSynth platform for biochemical and biofuel production, a suite of biopolymers designed as biodegradable alternatives to traditional polymers, and cellulosic biofuels derived from lignocellulosic biomass. Ecovia's biopolymers are versatile, finding applications in agriculture, such as soil additives for water retention, and in personal care products, serving as thickeners and super-absorbent materials. The company is committed to sustainable practices, aiming to provide high-performing, cost-effective biobased solutions for various industries.

ConnectDER

Grant in 2014
ConnectDER LLC specializes in designing and manufacturing solutions that facilitate the connection of grid-ready distributed energy resources, particularly solar photovoltaic systems. The company creates a connection point that installs between residential electric meters and meter sockets, enhancing the integration of renewable energy. Additionally, ConnectDER offers a cloud-based platform that allows fleet operators to access metering and operational data, as well as manage the commissioning and decommissioning of ConnectDER units, including firmware updates. Founded in 2011 and based in Philadelphia, Pennsylvania, ConnectDER was previously known as Infinite Invention LLC before rebranding in 2015. The company aims to provide effective solutions to complex challenges in the power and water sectors.
Next Energy Technologies, founded in 2010 and based in Santa Barbara, California, specializes in transparent energy harvesting window technology. The company's innovative approach allows windows to generate energy from sunlight while maintaining aesthetic appeal and high performance. Their technology is designed to work efficiently even in challenging lighting conditions, and it features coatings integrated directly into dual-pane windows, eliminating additional encapsulation costs. This enables clients to convert windows and glass facades into low-cost, on-site renewable energy sources for buildings. Through its advancements, Next Energy Technologies aims to reshape the landscape of energy production in the built environment.

WattBuy

Grant in 2014
WattBuy is an online marketplace that assists residents in saving on electricity costs by facilitating the selection of cheaper electricity providers. Founded in 2017, the platform empowers users to make informed decisions about their home electricity expenses by enabling them to browse and choose from a variety of plans available in their area. As several state governments have deregulated the electricity market, homeowners in 14 states can now access over 50 electricity providers and plans tailored to their needs. WattBuy utilizes a personalized recommendation engine to help clients set up electricity plans that align with their preferences and usage, ultimately allowing them to switch to more cost-effective options. The company is supported by the Department of Energy and Techstars Accelerator.

Primus Power

Series C in 2014
Primus Power Corporation, founded in 2009 and based in Hayward, California, designs and manufactures advanced electrical energy storage systems, particularly focusing on flow batteries. Its flagship product, the EnergyPod 2, offers flexible capacity ranging from 25 kW to 25 MW, catering to various applications such as peak shaving, bulk energy shifting, renewable energy integration, grid support, and islanding. The EnergyPod provides up to five hours of energy discharge with a lifespan of twenty years, utilizing safe and low-maintenance Zinc Bromine chemistry. Primus Power serves a diverse clientele, including commercial and industrial sectors, data centers, microgrids, and utility customers, with systems deployed both domestically and internationally. The company is recognized for its patented innovations in battery technology, cell design, and system engineering, which contribute to its competitive pricing and reliability.

Genera Energy

Grant in 2013
Genera Energy Inc. is a Tennessee-based company that specializes in providing biomass supply solutions for the biofuels, biopower, and biobased products industries. Established in 2008, it processes various biomass feedstocks, including switchgrass, corn stover, biomass sorghum, sugar cane bagasse, and wood. The company offers a comprehensive range of services, including energy crop production, turnkey supply-chain management, and consulting for biomass users and landowners. Genera Energy focuses on creating a connection between biomass users and landowners, ensuring that customers receive consistent, high-quality feedstock while landowners benefit from competitive returns and minimal risk.

SMASHsolar

Seed Round in 2013
SMASHsolar specializes in simplifying solar energy installation for homeowners and contractors by addressing common barriers such as cost and complexity. The company has created an innovative solar module that can be easily assembled, which allows for installations that are twice as fast as traditional solar panels. This design significantly lowers labor skill requirements and costs, while also enhancing crew efficiency, ultimately reducing overall installation expenses. The modular system is designed for easy expansion, enabling homeowners to purchase only what they need initially and upgrade their solar capacity as desired. This approach not only streamlines the installation process but also makes solar energy more accessible to a broader audience.

Gen4 Energy

Grant in 2013
Gen4 Energy, originally established as Hyperion Power Generation Inc. in 2007, is focused on commercializing the Gen4 Module, an advanced mini nuclear reactor. Developed from intellectual property by scientists at Los Alamos National Laboratory, the Gen4 Module aims to address the demand for a compact and transportable power source that is safe, clean, sustainable, and cost-effective. The G4M reactor, designed by Gen4 Energy, offers a low-cost and efficient alternative to traditional large water reactors, enhancing the licensing processes for next-generation nuclear technologies. This small-scale reactor is particularly suited for applications in mining, oil and gas operations, large government facilities, and isolated communities, providing a reliable source of baseload power.
Next Energy Technologies, founded in 2010 and based in Santa Barbara, California, specializes in transparent energy harvesting window technology. The company's innovative approach allows windows to generate energy from sunlight while maintaining aesthetic appeal and high performance. Their technology is designed to work efficiently even in challenging lighting conditions, and it features coatings integrated directly into dual-pane windows, eliminating additional encapsulation costs. This enables clients to convert windows and glass facades into low-cost, on-site renewable energy sources for buildings. Through its advancements, Next Energy Technologies aims to reshape the landscape of energy production in the built environment.

ConnectDER

Grant in 2012
ConnectDER LLC specializes in designing and manufacturing solutions that facilitate the connection of grid-ready distributed energy resources, particularly solar photovoltaic systems. The company creates a connection point that installs between residential electric meters and meter sockets, enhancing the integration of renewable energy. Additionally, ConnectDER offers a cloud-based platform that allows fleet operators to access metering and operational data, as well as manage the commissioning and decommissioning of ConnectDER units, including firmware updates. Founded in 2011 and based in Philadelphia, Pennsylvania, ConnectDER was previously known as Infinite Invention LLC before rebranding in 2015. The company aims to provide effective solutions to complex challenges in the power and water sectors.

Mosaic

Grant in 2012
Mosaic, based in Oakland, California, provides financing solutions for residential solar energy systems and home improvement projects. Founded in 2009, the company enables homeowners to invest in solar energy generation and storage while also offering financing options for contractors to acquire professional tools. Mosaic's user-friendly platform allows solar and home improvement professionals to facilitate financing through a streamlined point-of-sale application, enhancing the experience for both contractors and homeowners. The company's mission emphasizes promoting clean energy and shared prosperity, aiming to help individuals invest in sustainable solutions for their homes and contribute to a cleaner planet.
SolarBridge Technologies, originally founded as SmartSpark Energy Systems in 2004, specializes in power electronics technologies developed at the University of Illinois. In 2009, the company shifted its focus to the solar industry, offering advanced microinverter and monitoring solutions. With major research and development facilities in Champaign, Illinois, and a corporate headquarters in Austin, Texas, SolarBridge is led by experienced professionals from both industry and academia. The company's mission centers on reducing the Levelized Cost of Energy (LCOE) for solar installations by enhancing reliability, boosting energy production, and streamlining installation processes.
SolarBridge Technologies, originally founded as SmartSpark Energy Systems in 2004, specializes in power electronics technologies developed at the University of Illinois. In 2009, the company shifted its focus to the solar industry, offering advanced microinverter and monitoring solutions. With major research and development facilities in Champaign, Illinois, and a corporate headquarters in Austin, Texas, SolarBridge is led by experienced professionals from both industry and academia. The company's mission centers on reducing the Levelized Cost of Energy (LCOE) for solar installations by enhancing reliability, boosting energy production, and streamlining installation processes.

Solectria Renewables

Grant in 2011
Solectria Renewables, LLC is the U.S. based grid-tied PV inverter, string combiner and web-based monitoring manufacturer for residential, commercial and utility-scale solar projects. Our wide range of products includes 1.8kW to 500kW grid-tied inverters for systems 1kW to multi-MWs. Solectria Renewables is backed by over 20 years of power electronics and inverter experience and world class warranties. All of our commercial and utility-scale PV inverters are manufactured in the USA, ARRA compliant, Ontario FIT Content Compliant, and listed to UL 1741/IEEE 1547.

Innovalight

Venture Round in 2011
Innovalight, founded by Conrad Burke, specializes in the development of high-efficiency, low-cost solar modules utilizing a unique silicon ink technology. This innovative approach, which has been in development since 2005, allows for the processing of silicon in a liquid form, significantly enhancing the cost and efficiency of solar power generation. Innovalight's focus is on creating ultra-thin film power modules suitable for both residential and commercial applications, contributing to a manufacturing paradigm shift in the solar industry. By emphasizing the use of silicon-based solar cells, the company aims to improve the accessibility and effectiveness of grid-connected solar power solutions.

ORPC, Inc.

Grant in 2010
Ocean Renewable Power Company, Inc. specializes in developing marine renewable energy solutions that harness tidal and river currents to generate clean electricity. Founded in 2004 and based in Portland, Maine, the company focuses on creating technologies and projects that provide power primarily in North America. ORPC installs turbine generator units in groups to form complete power systems, converting river and ocean energy into grid-compatible electricity. Its key products include the RivGen power system, designed for small river sites in remote communities without centralized power grids; the TidGen power system for shallow tidal current applications; and the OCGen power system for deeper tidal and ocean currents. ORPC also collaborates with public and municipal electric utilities, independent energy developers, and military facilities near tidal or ocean resources, offering solutions that address the challenges of providing reliable power in environmentally sensitive and remote locations.

Clean Energy Systems

Venture Round in 2010
Clean Energy Systems, of Rancho Cordova, CA, specializes in the development of zero emissions commercial power plants using an oxy-fuel combustion process. The power plants use oxygen and various fuels to produce power that results in zero atmospheric emissions with carbon dioxide and water as byproducts. The company owns an extensive portfolio of patents and a Bakersfield, CA power plant, used to further develop the oxy fuel technology.

Calera

Grant in 2010
Calera Corporation is focused on carbon sequestration, aiming to combat global warming and ocean acidification by capturing greenhouse gases, particularly carbon dioxide, from the atmosphere. Established in 2007 and headquartered in Los Gatos, California, the company works to reduce atmospheric carbon levels through innovative technologies. Calera has formed a strategic alliance with Bechtel Power Corporation to enhance its efforts in this domain.

Abound Solar

Grant in 2010
Abound Solar produces next-generation, thin film photovoltaic modules intended to deliver the lowest levelized cost of electricity.

U.S. Geothermal

Grant in 2010
U.S. Geothermal Inc. is a renewable energy company specializing in the development, production, and sale of electricity derived from geothermal energy resources primarily in the Western United States and Guatemala. The company operates geothermal power projects with a combined generation capacity of approximately 39 megawatts at locations including Neal Hot Springs in Oregon, San Emidio in Nevada, and Raft River in Idaho. In addition, U.S. Geothermal is advancing several projects that could add an estimated 115 megawatts of capacity, including developments in The Geysers, California, and a second phase at San Emidio, as well as projects in Crescent Valley, Nevada, and El Ceibillo near Guatemala City. Founded in 2000, U.S. Geothermal is headquartered in Boise, Idaho, and operates as a subsidiary of Ormat Nevada, Inc.

Propel Fuels

Grant in 2010
Propel Fuels, Inc. operates a network of fuel stations in California and Washington, focusing on providing diesel, renewable fuels, and flex fuels. Founded in 2004, the company is headquartered in Sacramento, California, and has retail stations in various cities, including Seattle and Mount Vernon in Washington, as well as numerous locations throughout California. Propel Fuels also offers CleanDrive, an integrated platform that tracks carbon emissions reduction, helping consumers understand the environmental impact of their fuel choices. The company aims to empower drivers by making clean, American-made fuels easily accessible, thereby promoting both economic and environmental benefits. Through its initiatives, Propel Fuels seeks to encourage a shift towards cleaner fueling options and reduce reliance on imported oil.

Sun Catalytix

Grant in 2010
Located in Cambridge, MA, Sun Catalytix is an early-stage renewable energy startup founded on groundbreaking science from the research lab of Professor Daniel Nocera at MIT. With Nature as our inspiration, we seek to combine sunlight and water to provide affordable, highly distributed solar energy to the individual. The elemental components of just 3 gallons of water have enough energy, when recombined, to satisfy the daily energy needs of a large American home. The US receives 500-fold more energy each year than it uses, but unfortunately the sun shines only half the time. At Sun Catalytix we are working to realize the dream of cheap, renewable, personalized energy allowing individuals to use the power around-the-clock. Backed by Polaris Venture Partners, we have started down the path to a sustainable energy future.

ZeaChem

Grant in 2009
ZeaChem is focused on developing sustainable alternatives to petroleum-based fuels and chemicals, utilizing renewable biomass sources such as wood chips, wheat straw, corn stover, and grasses. The company employs a proprietary fermentation process that converts all carbon in the sugars into end products, resulting in high yields and making its products competitive with traditional fossil fuels, even without subsidies. By targeting the $1 trillion chemicals and fuels markets, ZeaChem aims to provide high-margin solutions that address environmental concerns while maintaining economic viability.

Elevance

Grant in 2009
Elevance Renewable Sciences, Inc. specializes in producing and distributing specialty chemicals derived from plant oils through a process called natural oil metathesis. Founded in 2007 and based in Woodridge, Illinois, the company offers a diverse range of products, including cleaning ingredients, coating materials, oil field chemicals, and personal care ingredients. These products find applications across various sectors, such as detergents, coatings, personal care, agriculture, and pharmaceuticals. Additionally, Elevance provides manufacturing consulting and technical services related to intermediates and bio-based feedstocks. With a focus on transforming renewable oils into high-performance materials, Elevance is strategically positioned to cater to the growing consumer demand in specialty chemical markets, which exceed $100 billion annually.

Resolute Marine

Grant in 2009
Resolute Marine Energy, Inc. is a Boston-based company founded in 2007 that specializes in developing wave energy converters to generate clean energy from ocean waves. The company focuses on harnessing ocean wave energy for power generation and transporting seawater to onshore desalination facilities, effectively producing potable water and electricity. Its technology serves various commercial applications, including open-ocean aquaculture, seawater desalination, and ocean observation systems. By providing wave-driven power services, Resolute Marine Energy aims to support sustainable development, align water supply and demand in water-stressed areas, and contribute to the reduction of carbon emissions. The company has received grants from the Department of Energy and was recognized as the 2010 winner of the Global Entrepreneurship Week's Startup Open competition.
Arizona Public Service Co, or APS, is an electricity/utility company based in Arizona. They received a grant from the United States Dept. of Energy to feed Carbon Dioxide to algae in an effort to reduce greenhouse gases.

Nordic Windpower

Venture Round in 2009
Nordic’s N1000, a simple, light-weight 1MW wind turbine is known for its unsurpassed ease of installation and maintenance, exceptional reliability, and low cost of energy generation. Nordic Windpower is a technology developer and manufacturer of innovative, two-bladed wind turbines for the rapidly expanding global wind market.

Solyndra

Debt Financing in 2009
Solyndra is a manufacturer of cylindrical panels utilizing CIGS thin-film solar cell technology, located in Fremont, California. Established in 2005, the company focuses on designing and producing photovoltaic systems that include both panels and mounting hardware specifically for the commercial rooftop market. Solyndra employs high-volume manufacturing techniques to address the needs of the global solar industry. Its proprietary cylindrical modules are engineered to achieve low installation costs while maximizing solar energy output, particularly on low-slope commercial rooftops. The company operates a fully-automated manufacturing facility spanning 300,000 square feet, underscoring its commitment to efficiency and innovation in solar technology.

Nanosolar

Grant in 2007
Nanosolar, Inc. is a manufacturer of solar electricity cells and panels, specializing in cost-efficient solar energy solutions. Founded in 2001 and headquartered in San Jose, California, the company also has manufacturing facilities in Berlin, Germany. Nanosolar utilizes a proprietary printing process to produce CIGS (Copper, Indium, Gallium, Selenium) solar cells and lightweight solar-electric cell foils, known as SolarPly, which can be customized to various sizes. This innovative approach minimizes reliance on expensive vacuum deposition equipment, allowing the company to leverage industrial printing techniques for high-speed production. Nanosolar's product line includes utility panels designed for large-scale power plants, making it a significant player in the solar energy sector.

Abound Solar

Grant in 2007
Abound Solar produces next-generation, thin film photovoltaic modules intended to deliver the lowest levelized cost of electricity.
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