Centrus Energy
Grant in 2024
Centrus Energy Corp. supplies nuclear fuel and services primarily for the nuclear power industry, operating in the United States, Japan, Belgium, and other international markets. The company has two main segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment focuses on the sale of separative work units and uranium, which are essential for producing nuclear fuel used in power plants. The Technical Solutions segment offers a range of services, including engineering, design, and manufacturing, catering to both public and private sector clients. Founded in 1998 and headquartered in Bethesda, Maryland, Centrus Energy was previously known as USEC Inc. and rebranded in 2014. The majority of the company's revenue is generated from its LEU segment, reflecting its significant role in the nuclear energy supply chain.
FirstEnergy Corporation, established in 1996 and headquartered in Akron, Ohio, is a diversified energy company that generates, transmits, and distributes electricity to approximately six million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company operates through regulated distribution and transmission segments, owning and managing a vast network of power plants, transmission lines, and distribution systems. These include coal-fired, nuclear, hydroelectric, natural gas, wind, and solar facilities, as well as 24,486 circuit miles of transmission lines and 269,691 miles of distribution lines, with a total installed transformer capacity of approximately 156,115,196 kilovolt-amperes. In addition to its core operations, FirstEnergy also provides energy-related products and services to retail and wholesale customers, contributing to the strengthening of local communities through its foundation's support of nonprofit organizations.
Centrus Energy
Grant in 2024
Centrus Energy Corp. supplies nuclear fuel and services primarily for the nuclear power industry, operating in the United States, Japan, Belgium, and other international markets. The company has two main segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment focuses on the sale of separative work units and uranium, which are essential for producing nuclear fuel used in power plants. The Technical Solutions segment offers a range of services, including engineering, design, and manufacturing, catering to both public and private sector clients. Founded in 1998 and headquartered in Bethesda, Maryland, Centrus Energy was previously known as USEC Inc. and rebranded in 2014. The majority of the company's revenue is generated from its LEU segment, reflecting its significant role in the nuclear energy supply chain.
Baltimore Gas & Electric
Grant in 2024
Baltimore Gas & Electric (BGE), established in 1816, is a subsidiary of Exelon Corporation. Headquartered in Baltimore, Maryland, BGE serves over 1.2 million electric customers and approximately 650,000 natural gas customers in Central Maryland. The company's primary business involves the regulated retail sale of electricity and natural gas to residential, commercial, and industrial consumers. It maintains an extensive infrastructure for transmission and distribution of electricity, comprising around 9,176 circuit miles of overhead lines and 17,489 circuit miles of underground lines. Additionally, BGE operates a liquefied natural gas facility with a storage capacity of 1,056 million cubic feet (mmcf) and owns numerous natural gas city gate stations. The company's approximately 3,400 employees are dedicated to ensuring safe, reliable delivery of energy services, along with initiatives focused on energy management, conservation, environmental stewardship, and community assistance.
Ion Storage Systems
Grant in 2024
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
Maryland Energy Administration
Grant in 2024
Maryland Energy Administration develops and administers cleaner energy programs to support all business sectors for economic development.
University of Maryland
Grant in 2023
The University of Maryland, located in College Park, Maryland, is a distinguished public research university that was established in 1856. Over the past two decades, it has significantly enhanced its reputation and academic standing, emerging as a leading institution in research, entrepreneurship, and innovation. The university is committed to leveraging its competitive advantages and pursuing ambitious goals to further its mission. With a focus on fostering an environment conducive to academic excellence and practical application, the University of Maryland aims to solidify its position among the world's premier educational institutions.
FESCO Energy
Grant in 2023
FESCO Energy is based in Frederick, Maryland, and specializes in providing energy-as-a-service solutions in the United States. The company focuses on the acquisition, deployment, and management of energy solutions tailored for government agencies and organizations with critical operational needs. By simplifying the processes of acquisition, contracting, and management, FESCO Energy delivers customized energy solutions designed to meet the specific requirements of both federal and commercial customers.
Ion Storage Systems
Grant in 2023
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
University of Maryland
Grant in 2023
The University of Maryland, located in College Park, Maryland, is a distinguished public research university that was established in 1856. Over the past two decades, it has significantly enhanced its reputation and academic standing, emerging as a leading institution in research, entrepreneurship, and innovation. The university is committed to leveraging its competitive advantages and pursuing ambitious goals to further its mission. With a focus on fostering an environment conducive to academic excellence and practical application, the University of Maryland aims to solidify its position among the world's premier educational institutions.
InventWood, established in 2016 by Amy Gong in College Park, Maryland, specializes in the production of innovative cellulose-based materials aimed at enhancing thermal energy efficiency. The company focuses on creating high-performance, cost-effective, and environmentally sustainable wood-based solutions that offer benefits such as energy efficiency, sunlight guiding, and reduced weight for improved safety and installation. By developing these advanced materials, InventWood aims to contribute to carbon-negative construction practices and promote sustainability for future generations.
Vorbeck Materials
Grant in 2012
Vorbeck Materials Corp. is a technology and manufacturing company based in Jessup, Maryland, specializing in the research, development, and production of graphene and graphene-based products. Established in 2006, Vorbeck focuses on commercial applications of graphene through its proprietary materials, such as Vor-ink, a conductive ink designed for electronics, and Vor-x, which enhances the performance of elastomer and plastic composites, batteries, and coatings. Vor-ink is known for its exceptional conductivity and flexibility, catering to the printed electronics market, while Vor-x enables significant advancements in energy applications by improving battery capacity and power output. The company's innovative products also serve various industries, including wearables, radio frequency identification (RFID), and advanced composites. Vorbeck holds an exclusive license for patented graphene technology developed by researchers at Princeton University, ensuring a strong foundation for large-scale graphene production and application development.
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