US 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

Past deals in Automotive

Niron Magnetics

Debt Financing in 2025
Niron Magnetics, Inc. is a manufacturer of advanced permanent iron nitride magnets, established in 2013 and based in Minneapolis, Minnesota. The company specializes in creating innovative magnetic materials that are designed to enhance performance and efficiency across various industrial applications, including motors and generators. Niron's iron nitride magnets offer significant advantages over traditional ferrite and NdFeB-based magnets, such as greater magnetization and higher magnetic flux density. This enables automotive and computer manufacturers to achieve reductions in size and weight for their motors without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to support national security initiatives through its cutting-edge technology.

Rivian

Post in 2024
Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. The company creates solutions that redefine traditional automotive economics and remove the pain points of conventional ownership. It also manufactures autonomous electric vehicles intended to offer a comfortable and eco-friendly driving experience.

ArcelorMittal USA

Grant in 2024
ArcelorMittal USA LLC, based in Chicago, Illinois, is a manufacturer and supplier of a wide range of steel products, including flat products like hot-rolled and cold-rolled sheets, steel plates, coated steel products, and tin sheets. The company also produces long products such as railroad rails and ingots, as well as welded products and various tubular products. In addition to steel, ArcelorMittal USA manufactures iron ore and metallurgical coal. Its diverse customer base spans several sectors, including automotive, energy, construction, packaging, transportation, and heavy machinery. Established in 2002, the company operates additional facilities in East Chicago, Indiana, and Richfield, Ohio. As of December 2010, it operates as a subsidiary of Cleveland-Cliffs Inc.

Bridgestone Americas

Grant in 2024
Bridgestone Americas, a subsidiary of Bridgestone Corporation, is a prominent manufacturer and marketer of tires and rubber products across various sectors. The company specializes in a wide range of products, including original equipment and replacement tires for passenger cars, light trucks, commercial vehicles, agricultural machinery, and motorcycles. In addition to tires, Bridgestone Americas offers tire-centric solutions, retreads, tubes, and air springs, serving diverse markets such as construction, mining, and aviation. Committed to sustainability and social responsibility, the company focuses on innovative mobility solutions that enhance the quality of life for individuals and communities. Bridgestone Americas plays a vital role in shaping the future of mobility while delivering value to customers and contributing to societal well-being.

Solid Power

Grant in 2024
Solid Power Inc. specializes in the development of solid-state rechargeable batteries that are free from volatile or flammable liquid components. Founded in 2011 and based in Louisville, Colorado, the company focuses on creating batteries for various applications, including electric vehicles, portable electronics, aircraft, and satellites. Its solid-state batteries are designed to be energy-dense, safe, and reliable, offering significant improvements in performance, safety, and cost-effectiveness. Solid Power aims to license its battery cell designs and manufacturing expertise to leading battery manufacturers and automotive original equipment manufacturers, while also selling its proprietary sulfide-based solid electrolyte for use in all-solid-state battery cells.

1PointFive

Grant in 2024
1PointFive is a platform focused on Carbon Capture, Utilization, and Sequestration (CCUS), aiming to provide effective solutions for decarbonization and the reduction of CO₂ emissions. The company specializes in direct air capture technology, which enables the extraction of carbon dioxide directly from the atmosphere, independent of emission sources. By commercializing direct air capture facilities at an industrial scale, 1PointFive supports industries that are challenging to decarbonize, including long-haul trucking, shipping, and aviation. This approach contributes to the broader goal of mitigating climate change and fostering a circular carbon economy.

Free Form Fibers

Grant in 2024
Free Form Fibers LLC specializes in the development and manufacture of inorganic high-performance fibers using advanced laser-driven chemical vapor deposition technology. The company produces a wide range of filament materials, including silicon carbide, boron carbide, tungsten carbide, and diamond-like carbon, among others. These fibers are designed for various applications such as non-woven filters, catalysts, reinforcement in ceramic and metal matrix composites, and superconducting filaments. Free Form Fibers serves diverse industries, including military and aerospace, automotive, biomedical, and energy, providing solutions that require heat and chemical resistance. Established in 2006 and based in Saratoga Springs, New York, the company focuses on delivering low-cost, high-performance materials for demanding applications.

EnPower

Grant in 2024
EnPower, Inc. is a manufacturer of lithium-ion battery cells and packs, primarily focused on applications in electric mobility, including electric vehicles, industrial robotics, and satellites. Founded in 2014 and based in Phoenix, Arizona, the company utilizes patented multi-layer electrode architectures that enhance battery performance by significantly improving charging rates and power output while maintaining service life. This technology addresses the traditional trade-off between energy density and power, allowing for faster charging and higher power generation. EnPower aims to license its scalable technology to automotive original equipment manufacturers and global cell manufacturers, facilitating rapid commercialization in the growing electric vehicle market. The company operates a pilot manufacturing facility capable of producing stacked pouch cells, supporting rapid prototyping and development of advanced battery solutions.

Parthian Energy

Grant in 2024
Parthian Energy is a company focused on the development and commercialization of advanced battery technologies. It specializes in creating novel solutions, including an electromagnetic-based battery screening sensor designed to enhance the efficiency and effectiveness of battery systems. This innovative technology addresses critical global challenges such as clean energy storage and the electrification of transportation. By improving battery performance and enabling unique applications, Parthian Energy aims to reduce costs and contribute to environmental sustainability.

CPS Technologies

Grant in 2024
CPS Technologies is a leader in the development and manufacturing of advanced materials, particularly focusing on metal matrix composites (MMCs). These composites combine metals and ceramics, offering superior properties such as improved thermal conductivity, reduced weight, and enhanced stiffness compared to traditional materials. CPS produces a range of custom MMC components, which are utilized across various sectors including transportation, automotive, energy, telecommunications, aerospace, defense, and oil and gas. Their products include microprocessor lids, heat sinks, and baseplates for applications in radar, satellites, and avionics. Additionally, CPS solutions are integral to systems such as power modules for motion control, high voltage power factor correction, and cooling technologies for hybrid electric vehicles and uninterruptible power supplies. Through its innovative materials, CPS Technologies enhances the performance and reliability of critical applications in multiple industries.

Cummins

Grant in 2024
Cummins, established in 1919, is a global power technology company. It designs, manufactures, distributes, and services diesel and natural gas engines, as well as related components and electric power generation systems. Cummins is the leading manufacturer of diesel engines for commercial trucks, off-highway machinery, and railroad locomotives, and also produces standby and prime power generators. Its product portfolio includes powertrain components like transmissions, turbochargers, aftertreatment systems, and fuel systems. The company operates through four segments: Engine, Power Generation, Components, and Distribution. Cummins serves its customers through a vast network of over 600 company-owned and independent distributor locations, and more than 6,500 dealer locations in over 190 countries.

Harley-Davidson

Grant in 2024
Harley-Davidson, Inc., established in 1903, is a prominent global manufacturer of heavyweight motorcycles, specializing in custom, cruiser, and touring models. The company operates through two segments: Motorcycles and Related Products, and Financial Services. The Motorcycles segment designs, manufactures, and sells motorcycles, parts, accessories, and related services through a network of independent dealers and e-commerce channels worldwide. The Financial Services segment offers wholesale and retail financing, including motorcycle loans, insurance, and protection plans, primarily for Harley-Davidson products. The company's captive finance arm, Harley-Davidson Financial Services, Inc., supports dealers and customers with financing and insurance services. Harley-Davidson is renowned for its iconic brand and held a market share of approximately 38% in the domestic heavyweight motorcycle market in 2023.

Hyundai Mobis

Grant in 2024
Hyundai Mobis is an automotive parts manufacturer that specializes in the development and supply of advanced automotive technology. The company operates through several business segments, including automobile modules, major automobile parts, and aftersales parts. Its automobile modules division produces chassis, cockpit, and front-end modules, while the major automobile parts segment provides essential systems such as safety, braking, steering, lamp, air suspension, audio, and AV navigation systems. Additionally, Hyundai Mobis focuses on enhancing its aftersales parts segment by streamlining logistics and establishing high-tech distribution systems. With a commitment to integrating software and hardware solutions, Hyundai Mobis plays a significant role in the mobility industry.

Senga Engineering

Grant in 2024
Senga Engineering manufactures metal and plastic components for the connector industry. They provide precision-machined components to a wide range of companies and industries. The company works with manufacturers and systems integrators as a second or third tier supplier to serve stringent requirements for the medical, aerospace, defense, and automobile industries.

Highlands Diversified Services

Grant in 2024
Highlands Diversified Services is a contract manufacturing company based in London, Kentucky, established in 1997. It specializes in metal stamping, welding, powder coating, assembly, warehousing, and distribution, serving a wide array of industries including telecommunications, automotive, aerospace, appliances, and industrial equipment. The company offers a range of services, including metal stamping and fabrication, resistance and robotic welding, as well as tool management and maintenance. By providing these manufacturing solutions, Highlands Diversified Services supports its clients in achieving their long-term growth objectives.

Swift Solar

Grant in 2024
Swift Solar Inc. is a company that designs and manufactures lightweight solar panels and systems, focusing on advanced solar technology. Established in 2017 and headquartered in San Carlos, California, with an additional site in Golden, Colorado, Swift Solar specializes in perovskite solar cells, which are engineered to be more efficient and cost-effective than conventional solar panels. The company’s innovative approach involves creating ultra-thin perovskite films that absorb various parts of the solar spectrum, resulting in high-efficiency tandem solar cells. These cells not only enhance solar conversion efficiency but also provide significant weight advantages, making them suitable for applications in aerospace, automotive, and building sectors. Swift Solar emphasizes domestic manufacturing and utilizes abundant raw materials to ensure scalability in its operations.

Highland Materials

Grant in 2024
Highland Materials is a technology-driven manufacturer specializing in the production of low-cost polysilicon and aluminum products. These products cater to diverse industries, including solar, battery, automotive, and aerospace, meeting their material needs for various applications. The company's key differentiator is its patented, eco-friendly polysilicon production method, which significantly reduces carbon emissions compared to traditional techniques. This enables customers in solar and battery sectors to adopt greener material sources for their products.

Mott

Grant in 2024
Mott is an engineering company specializing in the manufacture of filtration and flow control products for various industries, including aerospace, automotive, and food. With a strong foundation in applied material science and process control, Mott produces a diverse range of products such as process filters, porous components, flow restrictors, gas diffusers, mixers, cartridges, wicks, and fluid mixers. These offerings are designed to enhance industrial applications, providing clients with reliable and efficient solutions for their operational needs.

Nuvera Fuel Cells

Grant in 2024
Nuvera Fuel Cells, LLC specializes in manufacturing heavy-duty, zero-emissions engines tailored for mobility applications. The company operates facilities in both the United States and Europe, focusing on clean and efficient fuel cell technology. Nuvera's products serve a diverse range of markets, including on- and off-road vehicles, industrial equipment, port and maritime applications, as well as stationary and portable power solutions. By addressing the demanding requirements of these sectors, Nuvera enables its clients to meet global commercial standards for sustainability and efficiency.

Ricaurte Precision

Grant in 2024
Ricaurte Precision is a supplier of medical devices, aerospace, industrial, and auto manufacturers. They offer 5-axis mills, live tooling lathes, swiss screw and wire EDM technologies. They provide fabrication, inspection, document control and training. Their processes include documentation and data control, management reviews, process controls, and calibration of measuring equipment.

Piolax

Grant in 2024
Piolax, Inc., established in 1933 and headquartered in Yokohama, Japan, is a global manufacturer specializing in the production of a wide array of parts and components. The company's primary focus lies in the automotive industry, where it designs, develops, and sells various parts such as valves, connectors, filters, powertrain components, fasteners, and harnesses. Additionally, Piolax produces precision parts for automotive interior and exterior, as well as medical appliances like spiral catheters and stents. The company operates in Japan, Asia, the United States, Europe, and internationally, serving diverse industries including medical and consumer security sectors.

Edscha

Grant in 2024
Edscha is a manufacturer that specializes in mechanical parts and accessories for the automotive industry. The company produces a wide range of products, including door hinges, convertible roof systems, and driver controls. Their offerings extend to various components such as hinge systems, door catches, lid and flap hinges, sliding door systems, actuation systems, spare wheel carriers, tailgate wedges, cross drives, struts, and grip buttons. Edscha focuses on delivering innovative solutions to meet the needs of the automotive and mechatronics sectors.

UGN

Grant in 2024
UGN is an automotive company based in the United States that specializes in manufacturing high-quality acoustic, interior trim, and thermal management products. The company offers a range of products, including headliners, mud guards, dash insulators, and underfloor systems, which are integral to enhancing vehicle comfort and performance. In addition to its manufacturing capabilities, UGN also engages in research, development, and testing services to ensure the efficacy and quality of its offerings. Through its focus on innovation and quality, UGN contributes significantly to the automotive industry by providing essential components that improve the overall driving experience.

Ballard Power Systems

Grant in 2024
Ballard Power Systems Inc. specializes in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers a diverse range of solutions, including heavy-duty fuel cell modules, backup power systems, and products for material handling and unmanned aerial vehicles (UAVs). Ballard operates in three primary segments: Power Generation, which focuses on backup power and residential cogeneration; Automotive, providing fuel-cell solutions for vehicles; and Material Products, which includes carbon fiber and gas diffusion layers for fuel cells. The company's markets span various sectors, including transit buses, automotive, rail, and critical infrastructure, with significant operations in the United States, Europe, and China. Founded in 1979 and headquartered in Burnaby, Canada, Ballard Power Systems is recognized as a leader in the fuel cell industry.

ACS Industries

Grant in 2024
ACS Industries is an engineering company that specializes in manufacturing wire mesh products. The company produces components for various applications, including automotive exhaust systems, safety restraint systems, and vibration-dampening technologies. In addition to its automotive and industrial offerings, ACS Industries provides a range of cleaning products, such as hand pads, metal scrubbers, sponges, floor pads, mops, and related accessories, catering to the foodservice and janitorial sectors.

PPG Industries

Grant in 2024
PPG Industries is a leading global supplier of paints, coatings, optical products, specialty materials, chemicals, glass, and fiberglass, headquartered in Pittsburgh, Pennsylvania. Founded in 1883, the company operates in over 70 countries and is recognized as the world's largest producer of coatings. PPG serves a diverse range of markets, including automotive, aerospace, construction, and industrial sectors, with a significant portion of its sales coming from outside North America. The company has expanded its portfolio through strategic acquisitions, notably the SigmaKalon Group and AkzoNobel's North American architectural coatings business, which enhanced its capabilities in paint and specialty coatings. PPG is committed to delivering high-quality solutions that meet stringent performance requirements, focusing on technology and innovation to support growth in targeted market segments.

ArcelorMittal USA

Grant in 2024
ArcelorMittal USA LLC, based in Chicago, Illinois, is a manufacturer and supplier of a wide range of steel products, including flat products like hot-rolled and cold-rolled sheets, steel plates, coated steel products, and tin sheets. The company also produces long products such as railroad rails and ingots, as well as welded products and various tubular products. In addition to steel, ArcelorMittal USA manufactures iron ore and metallurgical coal. Its diverse customer base spans several sectors, including automotive, energy, construction, packaging, transportation, and heavy machinery. Established in 2002, the company operates additional facilities in East Chicago, Indiana, and Richfield, Ohio. As of December 2010, it operates as a subsidiary of Cleveland-Cliffs Inc.

Big Blue Technologies

Grant in 2024
Big Blue Technologies focuses on high-temperature thermal processes to enhance the value of minerals and ores, specifically in the production of metals and ceramics. The company is advancing a thermal magnesium metal production process, which is particularly relevant for the automotive industry as it promotes vehicle light-weighting to improve fuel efficiency. In addition to its core technology, Big Blue Technologies provides a range of services, including reactor research, analytical support, and consulting, aimed at helping clients boost operational efficiency, lower costs, and pursue pathways toward net-zero emissions.

Coreform

Grant in 2024
Coreform provides simulation software for the automotive, marine, and aerospace industries.

Lyten

Grant in 2024
Lyten is an advanced materials company focused on developing low-carbon products and technologies. By capturing carbon from methane, Lyten transforms it into 3D Graphene, a versatile supermaterial that underpins its innovations aimed at decarbonization. The company is working on advanced lithium-sulfur batteries suitable for automotive, aerospace, and defense applications, enhancing electric vehicle performance with improved energy density, safety, and fast charging capabilities. Additionally, Lyten is developing a polymer composite that can reduce plastic usage by up to 50% while maintaining structural integrity and impact resistance. The company is also advancing next-generation sensors designed for automotive, industrial, health, and safety sectors, which boast significantly improved detection sensitivity and selectivity.

United States Advanced Battery Consortium

Grant in 2024
The United States Advanced Battery Consortium LLC is a collaborative organization formed by Chrysler Group, Ford Motor Company, and General Motors. Its primary focus is the development of a self-contained, thermally-managed lithium-ion battery pack system specifically designed for plug-in hybrid electric vehicles. By pooling resources and expertise, the consortium aims to advance battery technology to enhance the performance and efficiency of hybrid vehicles, thereby contributing to the broader goal of sustainable transportation.

SiLi-ion

Grant in 2024
SiLi-ion has developed an “ultra-nano-silicon” powder material that entirely replaces graphite in a lithium-ion battery (LIB). This breakthrough increases the anode’s energy density by over four times and reduces CO2e emissions by 68 kilos for every kilo sold, amounting to a reduction of 50,000 kilos per EV using “ultra-nano-silicon.” As a materials company, SiLi-ion plans to sell this revolutionary material to battery manufacturers. Our platform not only outperforms competitors like Sila Nano, Group14, and OneD but is also less expensive to produce ($/kWh) compared to graphite and synthetic graphite. The material seamlessly integrates into existing LIB manufacturing lines for electric vehicles (EVs) and grid storage applications. Furthermore, it serves as an Inflation Reduction Act critical mineral replacement, enabling battery EV tax breaks for auto OEMs selling in the US.

UHV3D

Grant in 2024
UHV3D automates the design of metal additive manufacturing components for extreme conditions.

Coreform

Grant in 2024
Coreform provides simulation software for the automotive, marine, and aerospace industries.

Crossville

Grant in 2023
Crossville is a U.S.-based manufacturer specializing in sustainable tile solutions for various sectors, including residential, automotive, education, healthcare, and hospitality. The company produces a diverse range of environmentally friendly products, including porcelain tiles, stone, glass, metal, and mosaic collections. These tiles are crafted from recycled materials, emphasizing durability and performance while ensuring an eco-conscious approach to design. Recognized for its innovative offerings, Crossville aims to provide high-quality, award-winning tile collections suitable for both residential and commercial applications.

Reliable Autonomy

Grant in 2023
Reliable Autonomy specializes in delivering dependable and cost-effective autonomous driving solutions for mobile robots and vehicles. The company focuses on assessing the reliability of these systems through services such as uncertainty quantification, building simulations, and conducting control simulations. By offering these comprehensive automation services, Reliable Autonomy aims to facilitate a seamless experience for clients seeking advanced technology solutions in the field of autonomous mobility.

1PointFive

Grant in 2023
1PointFive is a platform focused on Carbon Capture, Utilization, and Sequestration (CCUS), aiming to provide effective solutions for decarbonization and the reduction of CO₂ emissions. The company specializes in direct air capture technology, which enables the extraction of carbon dioxide directly from the atmosphere, independent of emission sources. By commercializing direct air capture facilities at an industrial scale, 1PointFive supports industries that are challenging to decarbonize, including long-haul trucking, shipping, and aviation. This approach contributes to the broader goal of mitigating climate change and fostering a circular carbon economy.

Ford Motor Company

Debt Financing in 2023
Ford Motor Company is a prominent automobile manufacturer based in Dearborn, Michigan, founded by Henry Ford in 1903. The company produces a diverse range of vehicles, including cars, trucks, buses, and tractors, and sells them through dealerships for both retail and fleet customers, including government and rental agencies. In addition to manufacturing, Ford offers various automotive financing products through its subsidiary, Ford Motor Credit Company. These financial services include retail installment sale contracts, direct financing leases for new vehicles, and wholesale loans to dealerships for inventory purchases and facility improvements. Ford also provides insurance products, including coverage for vehicles in transit and extended service contracts. The company is committed to environmental sustainability and has initiated efforts in alternative fuel technologies, including electric and hydrogen-powered vehicles.

BlueOval SK

Debt Financing in 2023
BlueOval SK is a joint venture between Ford Motor Company and SK On, focused on producing advanced battery cells for the electric vehicle (EV) market. The company aims to establish a comprehensive automotive manufacturing ecosystem by developing high-quality rechargeable batteries specifically tailored for the automotive industry. Through this collaboration, BlueOval SK seeks to enhance the supply chain for EV production and support the growing demand for sustainable transportation solutions.

Achiewell

Grant in 2023
Achiewell is a chemical firm specializing in developing new solutions to unusual issues in the automotive, electronics, and aerospace coatings sectors.

EnPower

Grant in 2023
EnPower, Inc. is a manufacturer of lithium-ion battery cells and packs, primarily focused on applications in electric mobility, including electric vehicles, industrial robotics, and satellites. Founded in 2014 and based in Phoenix, Arizona, the company utilizes patented multi-layer electrode architectures that enhance battery performance by significantly improving charging rates and power output while maintaining service life. This technology addresses the traditional trade-off between energy density and power, allowing for faster charging and higher power generation. EnPower aims to license its scalable technology to automotive original equipment manufacturers and global cell manufacturers, facilitating rapid commercialization in the growing electric vehicle market. The company operates a pilot manufacturing facility capable of producing stacked pouch cells, supporting rapid prototyping and development of advanced battery solutions.

3D Array Technology

Grant in 2023
3D Array Technology LLC (3DAT) specializes in the development and supply of high-performance materials, focusing on innovative solutions for various industries. The company has created a patent-pending 3D nano-array technology that enables the production of high-efficiency and low-cost heterogeneous catalysts. These catalysts are applicable across multiple sectors, including chemical, petrochemical, and automotive industries. In addition to its catalyst solutions, 3DAT also offers advanced data structures that utilize a three-dimensional grid for enhanced industrial applications. The company is committed to providing cutting-edge contract research services and effective materials solutions tailored to meet the needs of its clients.

Continuous Solutions

Grant in 2023
Continuous Solutions specializes in addressing complex challenges within the power, energy, and electric motor sectors. Founded by a team of scientists and researchers from prestigious universities and leading technology firms, the company focuses on manufacturing electric motors, drives, and conversion systems tailored to meet the specific requirements of its clients. Their research and development efforts emphasize design optimization algorithms to enhance product performance. Additionally, Continuous Solutions provides technical services related to renewable energy, energy efficiency, and power electronics. By combining in-house capabilities with extensive industry insights, the company aids clients in navigating the development process, currently leading initiatives aimed at advancing electrification in marine technology for naval applications.

HRL Laboratories

Grant in 2023
HRL Laboratories specializes in the development of innovative technology solutions and conducts research in physical science and engineering. The company focuses on enhancing technologies within the automotive, aerospace, and defense sectors, aiming to improve safety, support national security, and elevate the quality of life. HRL offers a range of services, including commercial MMIC products, open innovation, foundry services, machining services, and custom parts development. As a private entity jointly owned by Boeing and General Motors, HRL is dedicated to pioneering advancements that significantly impact its customers' critical missions.

Coreform

Grant in 2023
Coreform provides simulation software for the automotive, marine, and aerospace industries.

Niron Magnetics

Grant in 2022
Niron Magnetics, Inc. is a manufacturer of advanced permanent iron nitride magnets, established in 2013 and based in Minneapolis, Minnesota. The company specializes in creating innovative magnetic materials that are designed to enhance performance and efficiency across various industrial applications, including motors and generators. Niron's iron nitride magnets offer significant advantages over traditional ferrite and NdFeB-based magnets, such as greater magnetization and higher magnetic flux density. This enables automotive and computer manufacturers to achieve reductions in size and weight for their motors without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to support national security initiatives through its cutting-edge technology.

Albemarle

Grant in 2022
Albemarle Corporation is a prominent developer, manufacturer, and marketer of specialty chemicals, serving diverse end markets such as petroleum refining, consumer electronics, plastics, construction, automotive, pharmaceuticals, and agriculture. The company operates in three main segments: Polymer Solutions, Catalysts, and Fine Chemistry, and has established a global presence with 50 facilities across North and South America, Europe, the Middle East, Asia, Africa, and Australia. Albemarle is recognized as one of the largest lithium producers in the world, primarily supplying lithium for battery applications, particularly in electric vehicles. Its integrated lithium production includes upstream resources from salt brine deposits and hard rock mines, along with lithium refining plants located in multiple countries. In addition to its lithium operations, Albemarle is a leading producer of bromine, widely used in flame retardants, and oil refining catalysts, catering to approximately 3,000 customers in over 100 countries.

DexMat

Grant in 2022
DexMat specializes in the production of Galvorn, a high-performance conductive carbon nanomaterial that surpasses traditional materials in strength, weight, and durability. Galvorn is ten times stronger than steel, half the weight of aluminum, and offers a flex life that is one hundred times greater than copper. This innovative material is designed to replace heavy and environmentally damaging metals across various industries, including sporting goods, e-textiles, electronics, energy, aerospace, and automotive sectors. DexMat manufactures Galvorn as fibers, yarns, films, and fabrics, providing a lightweight and flexible alternative to conventional metals. The company's commitment to sustainability is evident in its carbon-negative production processes, positioning Galvorn as a key player in reducing carbon emissions on a global scale.

AirCapture

Grant in 2022
AirCapture specializes in direct air capture technology aimed at helping businesses achieve carbon neutrality or negative emissions. The company produces beverage-grade liquid CO2 with low oxygen content, which is utilized as a cleaner alternative to the emissions-intensive raw materials typically used in the production of synthetic fuels, including aircraft fuel, gasoline, and diesel. By developing modular and on-site systems for efficient carbon dioxide capture from the atmosphere, AirCapture supports businesses in their efforts to reduce greenhouse gas emissions and transition towards more sustainable practices.

BorgWarner

Grant in 2022
BorgWarner is a prominent global supplier of powertrain solutions, focusing on technologies that enhance fuel efficiency, reduce emissions, and improve vehicle performance. The company operates through three primary segments: the air management group, which manufactures turbochargers, e-boosters, emissions systems, and thermal management products; the drivetrain and battery systems group, which produces components for automatic transmissions, torque management, and battery systems; and the e-propulsion segment, responsible for e-motors and power electronics. With a diverse customer base, BorgWarner's largest clients include Ford and Volkswagen, accounting for significant portions of its revenue. The company's extensive global presence enables it to support its varied customers effectively, with a notable share of its business derived from Europe.

Coreform

Grant in 2022
Coreform provides simulation software for the automotive, marine, and aerospace industries.

BorgWarner

Grant in 2021
BorgWarner is a prominent global supplier of powertrain solutions, focusing on technologies that enhance fuel efficiency, reduce emissions, and improve vehicle performance. The company operates through three primary segments: the air management group, which manufactures turbochargers, e-boosters, emissions systems, and thermal management products; the drivetrain and battery systems group, which produces components for automatic transmissions, torque management, and battery systems; and the e-propulsion segment, responsible for e-motors and power electronics. With a diverse customer base, BorgWarner's largest clients include Ford and Volkswagen, accounting for significant portions of its revenue. The company's extensive global presence enables it to support its varied customers effectively, with a notable share of its business derived from Europe.

Titan Advanced Energy Solutions

Grant in 2021
Titan Advanced Energy Solutions specializes in developing advanced battery management systems for lithium-ion batteries, leveraging patented ultrasound technology to enhance battery performance. Their flagship product, ionView, delivers over 99% accuracy in state-of-health and state-of-charge assessments, which leads to a minimum 20% increase in charge capacity and a 125% extension of battery life. The systems also offer real-time monitoring, safety controls, and cell-level balancing. Titan's solutions cater to a diverse range of industries, including automotive, energy storage, mobile devices, and battery manufacturing, ultimately supporting the electrification and decarbonization efforts for a sustainable future. Founded in 2016 and located in Somerville, Massachusetts, the company was previously known as Titan Energy Analytics.

American Axle & Manufacturing

Grant in 2021
American Axle & Manufacturing designs, engineers, manufactures, and supplies driveline and drivetrain systems and related components for various vehicles, including light trucks, SUVs, passenger cars, crossover vehicles, and commercial vehicles. The company's offerings encompass a wide range of products such as axles, driveshafts, power transfer units, transfer cases, chassis modules, and safety-critical components. American Axle operates through a network of distributors, serving customers in North America, South America, Europe, and Asia. Headquartered in Detroit, Michigan, American Axle was incorporated in 1993 and maintains additional offices in several countries, including Brazil, China, Germany, India, Japan, Luxembourg, Mexico, and Poland, along with research and development centers in Michigan and Sweden. The company operates primarily in the driveline segment, which generates the majority of its revenue.

Nikola Motor Company

Grant in 2019
Nikola Motor Company is an electric vehicle manufacturer based in Salt Lake City, Utah, founded in 2014. The company specializes in developing hydrogen fuel cells, battery electric trucks, and associated energy solutions, with the goal of transforming the transportation industry on a global scale. Nikola gained significant attention for its ambition to revolutionize the trucking sector through innovative electric and hydrogen fuel cell technologies. Initially, the company focused on creating zero-emission hydrogen fuel cell trucks designed for long-haul commercial use, with a range of up to 1,200 miles. Additionally, Nikola planned to establish hydrogen refueling infrastructure to support its vehicles, further enhancing its commitment to sustainable transportation solutions.

Eonix

Grant in 2018
Eonix is a manufacturer focused on developing semi-autonomous materials that streamline the design process for lithium-ion batteries. The company has introduced the ATLAS-system, an innovative research and development platform that significantly cuts down the time and costs associated with creating new materials. This system allows for the rapid design of drop-in compatible electrolyte solutions that enhance energy density and support higher voltage operations. By addressing specific challenges faced by electric vehicles, grid storage, and hybrid defense systems, Eonix aims to facilitate the adoption of clean technology and advance the performance of next-generation energy storage solutions.

SLIPS Technologies

Grant in 2017
SLIPS Technologies (slipstechnologies.com) is the leader in providing customized solutions for sticky problems in materials. We create highly-repellent slippery surfaces for customers in all industries including: energy, packaging, consumer, automotive and environmental. Our portfolio of pioneering and award-winning technologies and our years of know-how were created at the Wyss Institute for Biologically Inspired Engineering and the Harvard University School of Engineering and Applied Sciences.

Inventev

Grant in 2016
Inventev specializes in the development of mobile power generation solutions using a Plug-in Hybrid Electric Vehicle (PHEV) architecture for medium-duty commercial trucks. The company focuses on integrating advanced propulsion and control technologies into original equipment manufacturer (OEM) trucks, particularly in weight classes 2B to 5, which include vehicles like the F250 to F550 and 2500 to 3500 series. By converting traditional diesel systems to hybrid vehicles, Inventev aims to provide efficient, idle-free power generation for job sites and emergency situations. This innovative approach not only enhances operational efficiency but also offers significant savings in fuel and maintenance costs for customers.

Infinium Metals

Grant in 2011
Infinium Metals, based in Natick, Massachusetts, specializes in the development and commercialization of advanced metallurgical processes for producing lightweight and magnetic materials. The company manufactures essential metals including magnesium, titanium, tantalum, neodymium, dysprosium, and solar-grade silicon using innovative techniques such as solid oxide membrane electrolysis. This low-energy process not only enhances efficiency but also minimizes environmental impact. Infinium Metals provides magnesium for fuel-efficient vehicles and aircraft components, neodymium for magnets used in wind turbines and hybrid vehicles, and elements for high power-to-weight generators. Additionally, the company offers recycling solutions for magnesium and rare earth elements. Infinium serves various industries, including aerospace, automotive, consumer technology, defense, energy, and mass transit. Originally founded in 2008 as Metal Oxygen Separation Technologies, Inc., the company rebranded in 2013 to reflect its broader focus on clean metals.

Uqm Technologies

Grant in 2010
UQM Technologies, Inc. is a Longmont, Colorado-based company founded in 1967 that specializes in the development, manufacturing, and sale of electric motors, generators, power electronic controllers, and fuel cell compressors. The company serves multiple sectors, including automotive, commercial trucks, buses, marine, military, and industrial markets. UQM Technologies provides a range of products, including propulsion motors, auxiliary motors, and DC-to-DC converters, tailored for electric, hybrid electric, and fuel cell electric vehicles. The company has developed distinct propulsion systems, such as the PowerPhase Pro and PowerPhase HD, designed for various vehicle applications. In addition to product sales, UQM Technologies offers research, development, application engineering services, and after-market support. Over the years, the company has innovated in electric motor technology and continues to advance its patented core permanent magnet motor technology to enhance performance and energy efficiency.

Honeywell

Grant in 2009
Honeywell International is a technology and manufacturing company based in Morristown, New Jersey, founded in 1906. It specializes in providing a wide range of products and services across various sectors, including aerospace, industrial automation, energy and sustainability solutions, and building automation. Honeywell's offerings encompass aerospace products, control technologies for buildings and homes, automotive solutions, turbochargers, and advanced materials. The company is committed to addressing global challenges in safety, security, and energy efficiency, with solutions that benefit transportation, commercial buildings, industrial applications, and residential needs. Honeywell employs approximately 129,000 people globally, including a significant number of engineers and scientists, and is recognized for its focus on quality and technological innovation. Its diverse portfolio reflects a strategic alignment with key growth trends, enabling Honeywell to maintain a strong market presence.

Fisker

Debt Financing in 2009
Fisker, Inc. is an American company headquartered in Manhattan Beach, California, that designs and manufactures electric vehicles and mobility solutions. The company focuses on creating eco-friendly vehicles that evoke emotional connections, aligning with its mission to promote a sustainable future for all. Fisker aims to position itself as an e-mobility service provider, emphasizing the development of innovative electric vehicles that are both environmentally friendly and desirable to consumers. Historically, Fisker Automotive gained recognition for the Fisker Karma, which was among the first luxury plug-in hybrid electric vehicles, but production was halted due to financial challenges. Today, Fisker, Inc. continues to pursue advancements in electric mobility, striving to revolutionize the automotive industry with its commitment to sustainability and design.

Ecotality

Grant in 2009
ECOtality, Inc. is a company specializing in electric vehicle (EV) charging and energy storage technologies, headquartered in San Francisco, California. Established in 1999, it designs, manufactures, and commercializes a range of products including the Blink line of EV charging stations, which caters to both residential and commercial applications, as well as fast-charging systems for industrial use. The company also develops specialty solar products, advanced battery systems, and hydrogen fuel cell technologies. In addition to its product offerings, ECOtality provides engineering consulting services focused on the planning and implementation of EV infrastructure, addressing regulatory and public awareness issues. It operates an online marketplace for fuel cell products and offers maintenance and repair services for its systems. ECOtality serves a diverse clientele that includes commercial, industrial, governmental, and utility customers, reinforcing its commitment to advancing clean electric transportation and energy solutions.

Tesla

Debt Financing in 2009
Tesla, Inc., established in 2003, is a leading innovator in the electric vehicle (EV) industry, headquartered in Palo Alto, California. The company designs, manufactures, and sells a range of electric vehicles, including luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla's mission is to accelerate the world's transition to sustainable energy, offering an expanding lineup of increasingly affordable electric cars. The company operates through two segments: Automotive, which focuses on EV production, powertrain components, and services, and Energy Generation and Storage, which provides rechargeable battery systems, solar energy generation, and energy storage products for residential, commercial, and utility-scale applications. Tesla markets its products through company-owned stores, galleries, and its official website, and supports them with a network of service centers and mobile technicians. Additionally, Tesla operates a fast-charging network for EV owners.

Aptiv

Venture Round in 2008
Aptiv, headquartered in Gillingham, England, is a global technology company specializing in mobility solutions. It offers a range of products and services, including electrical components and systems for vehicles, advanced safety and user experience features, and over-the-air (OTA) software lifecycle and data management services. Aptiv's customer base is diverse, with its top 10 customers accounting for 54% of revenue, none of which are dominant. The company operates in 45 countries, with 14 technical centers and various manufacturing sites and customer support centers. Aptiv's mission is to deliver software capabilities, advanced computing platforms, and networking architecture to enable safer, greener, and more connected mobility solutions.
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