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.
EnerSys is a global leader in providing stored energy solutions for industrial applications, manufacturing and distributing a range of products including motive power batteries and chargers, reserve power batteries, battery accessories, and outdoor equipment enclosures. Motive power batteries are primarily used in electric forklift trucks and commercial electric vehicles, while reserve power batteries serve industries such as telecommunications, utilities, and healthcare. EnerSys also specializes in energy systems that integrate enclosures, power conversion, power distribution, and energy storage. Its product offerings are marketed under various brands, including PowerSafe, DataSafe, and ODYSSEY, among others. With a presence in over 100 countries, EnerSys is committed to delivering high-quality products and services, supported by strong customer service and a focus on meeting diverse customer needs across multiple sectors.
Stratus Materials
Grant in 2024
Stratus Materials is a developer and manufacturer of advanced cathode active materials specifically designed for lithium-ion batteries. The company specializes in manganese-rich, cobalt-free materials, which provide a favorable balance of performance, safety, cost-effectiveness, and environmental sustainability. By focusing on these innovative materials, Stratus Materials aims to enhance the performance of electric vehicle batteries and support the growing demand for efficient energy storage solutions.
Hyliion
Grant in 2024
Hyliion is a company based in Austin, Texas, dedicated to providing innovative electrified solutions for the commercial vehicle industry and beyond. Its primary objective is to reduce carbon intensity and greenhouse gas emissions in the transportation sector by offering advanced powertrain solutions for Class 8 commercial vehicles. Hyliion's key products include a hybrid powertrain system and the Hypertruck ERX system, designed to deliver the lowest total cost of ownership while promoting sustainability. In addition to its focus on transportation, Hyliion is developing distributed power generators capable of utilizing various fuel sources, which can serve applications such as prime power, peak shaving, and renewable energy matching. The KARNO generator, a fuel-agnostic solution featuring a linear heat generator architecture enabled by additive manufacturing, exemplifies the company's commitment to flexible and affordable electricity production. Overall, Hyliion seeks to contribute positively to the energy economy by providing practical solutions that align with environmental goals.
Novonix Group
Post in 2024
Novonix Group, established in 2012, is a global provider of advanced materials, equipment, and services for the lithium-ion battery industry. Based in Brisbane, Australia, with operations in Canada, the company operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for high-grade flake graphite in Australia. The Battery Technology segment develops and supplies high-precision battery testing equipment and services, catering to the precision measurement of coulombic efficiency. The Battery Materials segment focuses on developing and manufacturing synthetic graphite anode materials used in lithium-ion batteries, powering electric vehicles, personal electronics, and energy storage units. Novonix Group also has a strategic alliance with Harper International Corporation to enhance its synthetic graphite manufacturing process.
Swift Rails
Grant in 2024
Swift Rails is a transportation company that provides personalized transit solutions using autonomous vehicles designed for 1-4 passengers. The company focuses on sustainability by offering energy-efficient, zero-emission systems powered by renewable energy. Passengers can request rides through a mobile application, where semi-autonomous electric vehicles travel on elevated ultra-light rails. This innovative system minimizes environmental pollution and alleviates traffic congestion by delivering passengers directly to their destinations without stops in between. Swift Rails aims to redefine urban transportation with its eco-friendly approach and advanced technology.
COnovate
Grant in 2024
COnovate is a startup focused on enhancing lithium-ion battery technology through the development of innovative materials. The company produces bio-sourced electrode materials known as eCOphite, which utilize a graphene monoxide composition to improve energy storage capacity. These carbon-based nanomaterials are designed to integrate seamlessly with existing battery designs, offering a scalable and cost-effective alternative for anode materials. COnovate's products aim to provide higher performance, faster charging capabilities, and improved safety in battery operation, positioning the company as a key player in the advancement of energy storage solutions.
StarPlus Energy
Debt Financing in 2024
StarPlus Energy is a manufacturer based in Kokomo, Indiana, specializing in the production of batteries for electric vehicles. The company focuses on revolutionizing the electric vehicle battery manufacturing process, aiming to enhance performance and efficiency in this rapidly growing sector. By leveraging innovative technologies and production techniques, StarPlus Energy seeks to contribute to the advancement of sustainable transportation solutions.
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.
Moment Energy
Grant in 2024
Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.
Infinitum
Grant in 2024
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.
Sparkz
Grant in 2024
Sparkz specializes in innovative battery technology aimed at addressing the limitations of traditional lithium batteries. The company's cobalt-free approach effectively tackles several significant challenges, including low run-time, slow charging rates, rapid deterioration, and supply chain issues. Additionally, Sparkz's technology is designed with environmental and safety concerns in mind, making it a promising solution for the electric mobility sector. By enhancing electrochemical energy storage capabilities, Sparkz is poised to support the growth and advancement of electric mobility innovations.
Georgia Power Company
Grant in 2024
Georgia Power Company, incorporated in 1930 and headquartered in Atlanta, Georgia, is a subsidiary of The Southern Company that provides electric power and energy services to businesses and residents across the state. The company generates electricity through a diverse mix of sources, including natural gas, oil, coal, nuclear, hydro, and renewable energy. Georgia Power is committed to delivering reliable and affordable energy, and it also operates a solar program to promote renewable energy production. Additionally, the company offers energy efficiency programs and tips to help customers reduce their energy consumption and costs, ensuring a sustainable energy future for Georgia.
EVgo
Post in 2024
EVgo Services LLC, established in 2010 and headquartered in Los Angeles, specializes in operating a network of fast-charging stations for electric vehicles (EVs) across the United States. The company's infrastructure is compatible with all fast-charge capable EV models, providing up to 90 miles of range in just 30 minutes. EVgo partners with various businesses and organizations, such as grocery stores, automotive manufacturers, and local governments, to strategically place its charging stations, ensuring convenience and accessibility for EV drivers.
CorePower Magnetics
Grant in 2024
CorePower Magnetics specializes in the manufacturing of electric components utilizing advanced magnetic core technology aimed at enhancing efficiency and power density. The company focuses on developing power-dense soft magnetics through innovative materials and advanced manufacturing techniques. This approach yields significant reductions in weight and volume, as well as decreased energy losses, all without relying on rare-earth metals. As a result, CorePower Magnetics' components offer improved current capabilities, extended ranges for electric vehicles, and longer lifespans for various applications. The company's commitment to optimizing magnetic core features addresses critical limitations in power electronics and power conversion systems, contributing to advancements in the electrification of transportation, energy efficiency, and grid modernization.
American Battery Technology Company
Grant in 2024
American Battery Technology Company focuses on the sustainable and ethical sourcing of critical battery materials essential for powering electric vehicles, grid storage, and consumer electronics. The company specializes in lithium-ion battery recycling, extraction of battery metals, and the development of primary mineral resources. By employing closed-loop and clean energy technologies, it aims to produce low-cost battery metals while promoting environmental stewardship in the battery supply chain.
Blue Whale Materials
Grant in 2024
Blue Whale Materials specializes in the recycling of lithium-ion batteries, focusing on the safe reclamation and responsible supply of critical materials such as cobalt, nickel, and lithium. Utilizing proprietary technology and processes, the company efficiently recycles spent batteries to produce recycled products that can be used in the manufacturing of new battery components. This approach not only contributes to a sustainable supply chain but also aims to reduce dependence on traditional mining operations. By addressing the growing demand for materials necessary for the electrified economy, Blue Whale Materials plays a vital role in promoting environmental sustainability and securing domestic resources.
NanoGraf
Grant in 2024
NanoGraf Corporation is a materials science company based in Chicago, Illinois, focused on the development and commercialization of advanced materials for the energy storage market. Founded in 2012, the company specializes in silicon-graphene electrode materials designed for lithium-ion batteries, which offer higher energy density and reduced charging times compared to traditional graphitic-based anodes. These innovative materials have potential applications across various sectors, including consumer electronics and electric vehicles. NanoGraf's technology aims to enhance battery capacity while enabling cost-effective production through a chemistry-based manufacturing process.
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.
Stepwise
Grant in 2024
Stepwise specializes in home electrification services, focusing on the installation of electric vehicle (EV) chargers and heat pumps. The company has developed a software-defined smart device that connects to an electric panel, acting as an intermediary between the panel and the EV charger. This device monitors energy consumption and manages the charger, ensuring efficient and reliable charging services for clients. By leveraging this technology, Stepwise aims to enhance the accessibility and effectiveness of home electrification solutions.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
Resilient Power Systems
Grant in 2024
Resilient Power Systems provides power converters such as DCFC supercharging stations in a box and renewable H2 energy power converters. The company is developing products to accelerate the deployment of EV charging systems everywhere, they deliver packages to customers, and its technology has the potential to change the delivery of packages. Resilient Power's commercial applications provide EV charger-to-grid technology that is radically efficient. When it comes to municipal, residential development, retail, hospitality, or other applications where time and space are limited, Resilient's line of advanced, solid-state power stations is the answer. Its ultra-compact EV charging depots connect directly to the existing distribution grid, allowing clients to build EV fleets and public charging stations in days rather than months, reducing costly and disruptive site construction. When Resilient's line of high-voltage power electronics is added to the electric power grid, it improves grid efficiency and reliability.
FPoliSolutions
Grant in 2024
FPoliSolutions develops software products for nuclear, data analytics & machine learning, EV mobility and renewable energy industries.
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.
RockeTruck
Grant in 2024
RockeTruck combines the best vehicle electrification technologies and truck designs to deliver the Worlds most efficient and reliable electric truck.
Resonant Link
Grant in 2024
Resonant Link LLC, founded in 2017 and based in Shelburne, Vermont, specializes in the development of advanced wireless charging solutions utilizing innovative coil technology. The company's signature product, the multi-layer self-resonant structure (MSRS), enhances the efficiency and performance of wireless power systems. Serving diverse industries including robotics, drones, and electric vehicles, Resonant Link aims to deliver wireless power solutions that are fast, safe, and reliable. By eliminating costly components found in traditional wireless chargers, Resonant Link's technology not only improves efficiency but also reduces the size, weight, and overall cost of charging systems. This enables a wide range of applications, from large industrial vehicles to compact medical devices.
Zero Homes
Grant in 2024
Zero Homes operates a home electrification marketplace that simplifies the process for homeowners seeking to transition to all-electric living. The platform offers a user-friendly environment where homeowners can plan, purchase, and schedule electrification projects without the need for in-home visits. Through virtual home energy assessments, Zero provides tailored decarbonization roadmaps and scoped, priced projects, allowing homeowners to receive customized guidance and assistance. This approach not only enhances home comfort but also aims to eliminate emissions, making retrofitting more accessible and efficient for homeowners.
Smartville
Grant in 2024
Smartville is a company focused on creating an end-to-end platform that enhances the value of electric vehicle (EV) batteries through efficient reuse. Their offerings include a battery pack in-field testing kit, data-driven analytics, and advanced battery management hardware, all designed to streamline the process of repurposing spent batteries. By developing modular and standardized energy storage systems from these repurposed batteries, Smartville enables automakers to capitalize on a marketable solution for second-life applications. The company’s innovative approach has the potential to up-cycle over 100 GWh of spent EV batteries annually, maximizing battery life and preventing premature recycling.
Frontier Energy
Grant in 2024
Frontier Energy is a consulting company that involves in energy solutions and energy efficiency for the real estate sector. They offer consulting services for industrial energy efficiency, electric vehicles, decarbonization, hydrogen and fuel cells, direct installation, incentive programs, codes and standards, commercial food service energy efficiency, building energy efficiency, appliance performance testing, alternative transportation, zero net energy consulting, foodservice energy efficiency training, program development and implementation, software development, community outreach, and industrial energy efficiency.
Saft
Grant in 2024
Saft is a world leader in the design and manufacture of advanced technology batteries for industrial and defence applications. The Group is implementing its strategy for high technology lithium-ion batteries in the renewable energy storage, transportation and telecommunication networks markets.
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.
Plug Power
Post in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
Moment Energy
Grant in 2024
Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
NEL Hydrogen
Grant in 2024
Nel ASA is a leading hydrogen company based in Norway, specializing in the production, storage, and distribution of hydrogen derived from renewable energy sources. The company operates through several segments, primarily focusing on hydrogen fueling stations and electrolyzers. Its H2Station technology offers efficient fueling solutions for fuel cell electric vehicles, ensuring fast refueling and long ranges comparable to conventional vehicles. Nel ASA also manufactures hydrogen generation plants utilizing advanced water electrolysis technology, catering to various industrial applications and energy systems globally. With a strong emphasis on delivering comprehensive hydrogen solutions, the company serves diverse sectors, including industries and energy firms, positioning itself as a key player in the transition to sustainable energy. Founded in 1927 and originally known as DiaGenic ASA, it rebranded in 2014 and maintains headquarters in Oslo while operating facilities in Notodden and Porsgrunn.
Power to Hydrogen
Grant in 2024
Power to Hydrogen focuses on producing low-cost, clean hydrogen through advanced anion exchange membrane (AEM) electrolyzers. By utilizing renewable energy sources and lower-cost materials than traditional electrolyzers, the company addresses the technical and economic challenges associated with hydrogen production. Their technology not only generates high-pressure, efficient hydrogen but also produces high-pressure oxygen, which can potentially create additional revenue streams. This innovative approach aims to reduce the overall cost of hydrogen to $1 per kilogram, supporting clean transportation, efficient energy storage, and the decarbonization of industrial processes. Power to Hydrogen's solutions contribute to the energy industry's sustainability goals by facilitating a transition to greener energy sources.
Zeta Energy
Grant in 2024
Zeta Energy, founded in 2014, focuses on developing and commercializing safe, high-performance rechargeable batteries that are both cost-effective and sustainably produced. The company has created a lithium-sulfur battery system featuring proprietary anode and cathode technologies, which offer significantly higher energy density compared to existing anode chemistries while avoiding the dendrite issues associated with lithium metal. Zeta Energy's innovations aim to address climate change and promote energy democratization by providing long-lasting and affordable rechargeable batteries that do not contain cobalt, zinc, nickel, or manganese. With a management team boasting over 100 years of combined experience in technology development and commercialization, Zeta has filed more than thirty patents to protect its advancements in battery technology.
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.
Caporus Technologies
Grant in 2024
Caporus Technologies specializes in the development of innovative thin-film dielectrics designed for high-energy-density capacitors. The company's technology provides reliable capacitive energy storage and filtering, capable of operating at elevated voltages and temperatures. This capability is essential for next-generation power conversion systems, which are crucial for advancing the electrification of transportation and integrating distributed energy resources into the power grid. By addressing the growing demands for efficiency and performance in power conversion, Caporus supports its clients in meeting contemporary energy challenges.
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.
Nanoramic Laboratories
Grant in 2023
Nanoramic Laboratories is a Boston-based company focused on developing advanced energy storage technologies and materials. It specializes in designing, manufacturing, and licensing Neocarbonix electrodes for rechargeable lithium-ion batteries, as well as producing FastCAP ultracapacitors, which utilize nanocarbon-based electrodes for enhanced performance. The company also offers Thermexit, a line of high-performance thermal interface gap filler pads. Originating from research funded by NASA, the Department of Energy, and the Department of Defense, Nanoramic's innovations aim to revolutionize industries such as electric vehicle batteries and consumer electronics. Established in 2008 and formerly known as FastCAP Systems Corporation, Nanoramic continues to expand its product offerings, which include ultracapacitors capable of operating in extreme temperatures and various energy storage solutions tailored to meet market demands.
CorePower Magnetics
Grant in 2023
CorePower Magnetics specializes in the manufacturing of electric components utilizing advanced magnetic core technology aimed at enhancing efficiency and power density. The company focuses on developing power-dense soft magnetics through innovative materials and advanced manufacturing techniques. This approach yields significant reductions in weight and volume, as well as decreased energy losses, all without relying on rare-earth metals. As a result, CorePower Magnetics' components offer improved current capabilities, extended ranges for electric vehicles, and longer lifespans for various applications. The company's commitment to optimizing magnetic core features addresses critical limitations in power electronics and power conversion systems, contributing to advancements in the electrification of transportation, energy efficiency, and grid modernization.
Novonix Group
Grant in 2023
Novonix Group, established in 2012, is a global provider of advanced materials, equipment, and services for the lithium-ion battery industry. Based in Brisbane, Australia, with operations in Canada, the company operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for high-grade flake graphite in Australia. The Battery Technology segment develops and supplies high-precision battery testing equipment and services, catering to the precision measurement of coulombic efficiency. The Battery Materials segment focuses on developing and manufacturing synthetic graphite anode materials used in lithium-ion batteries, powering electric vehicles, personal electronics, and energy storage units. Novonix Group also has a strategic alliance with Harper International Corporation to enhance its synthetic graphite manufacturing process.
Smartville
Grant in 2023
Smartville is a company focused on creating an end-to-end platform that enhances the value of electric vehicle (EV) batteries through efficient reuse. Their offerings include a battery pack in-field testing kit, data-driven analytics, and advanced battery management hardware, all designed to streamline the process of repurposing spent batteries. By developing modular and standardized energy storage systems from these repurposed batteries, Smartville enables automakers to capitalize on a marketable solution for second-life applications. The company’s innovative approach has the potential to up-cycle over 100 GWh of spent EV batteries annually, maximizing battery life and preventing premature recycling.
Princeton NuEnergy
Grant in 2023
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.
Georgia Power Company
Grant in 2023
Georgia Power Company, incorporated in 1930 and headquartered in Atlanta, Georgia, is a subsidiary of The Southern Company that provides electric power and energy services to businesses and residents across the state. The company generates electricity through a diverse mix of sources, including natural gas, oil, coal, nuclear, hydro, and renewable energy. Georgia Power is committed to delivering reliable and affordable energy, and it also operates a solar program to promote renewable energy production. Additionally, the company offers energy efficiency programs and tips to help customers reduce their energy consumption and costs, ensuring a sustainable energy future for Georgia.
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.
KORE Power
Debt Financing in 2023
KORE Power, founded in 2018 and based in Coeur d'Alene, Idaho, specializes in manufacturing and developing battery cell technology for the energy storage and electric transportation sectors. The company produces energy storage systems, proprietary nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) cells, as well as vehicle design and assembly (VDA) modules and packs. KORE Power serves a diverse range of markets, including e-mobility, utilities, industrial applications, and mission-critical sectors. By focusing on advanced energy storage solutions, KORE Power aims to foster sustainable communities and contribute to green economic growth.
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.
Alpha-En
Grant in 2023
Alpha-En Corporation is a development stage company based in Yonkers, New York, founded in 1969. The company specializes in the development of innovative technologies for manufacturing high purity lithium metal, a vital component for lightweight and high energy density batteries. Alpha-En focuses on creating battery components and lithium compounds while prioritizing environmentally sustainable practices. The company has pioneered a production process that allows for the manufacture of lithium metal at room temperature using clean technology, minimizing environmental impact. As it seeks to advance next-generation battery technologies, Alpha-En aims to deliver its products in a cost-effective manner, contributing to the growing demand for sustainable energy solutions.
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.
HiT Nano
Grant in 2023
HiT Nano is a spin-off from Princeton University focused on the commercialization and large-scale production of sustainable, low-cost lithium-ion battery cathode materials. The company develops and manufactures a range of energy storage materials specifically designed for rechargeable batteries, electric vehicles, and energy storage applications. In addition to cathode and anode materials, HiT Nano also produces materials for thermochemical energy storage, optical imaging, remote sensing, and catalysis. Through innovative chemical synthesis processes, the company aims to help other firms generate materials at a reduced cost while minimizing environmental impact.
Arbor Batteries
Grant in 2023
Arbor Batteries is a developer of lithium-ion (Li-ion) batteries designed to support fast low-temperature charging and discharging.
RockeTruck
Grant in 2023
RockeTruck combines the best vehicle electrification technologies and truck designs to deliver the Worlds most efficient and reliable electric truck.
Smartville
Grant in 2023
Smartville is a company focused on creating an end-to-end platform that enhances the value of electric vehicle (EV) batteries through efficient reuse. Their offerings include a battery pack in-field testing kit, data-driven analytics, and advanced battery management hardware, all designed to streamline the process of repurposing spent batteries. By developing modular and standardized energy storage systems from these repurposed batteries, Smartville enables automakers to capitalize on a marketable solution for second-life applications. The company’s innovative approach has the potential to up-cycle over 100 GWh of spent EV batteries annually, maximizing battery life and preventing premature recycling.
Daylyte Batteries
Grant in 2023
Daylyte Batteries is focused on developing innovative Metal-air (M-Air) battery technology aimed at enhancing energy density while significantly reducing weight and costs. By utilizing abundant materials, Daylyte's batteries are designed to provide renewable energy on demand, effectively doubling the range of electric vehicles. This technology not only aims to lower the costs associated with electric vehicles but also supports advancements in drone delivery and electric air taxis. The company's approach positions it to contribute to the broader transition towards sustainable energy solutions in transportation, facilitating faster charging for electric vehicles and enabling electric aircraft to operate efficiently.
Redwood Materials
Debt Financing in 2023
Redwood Materials, Inc. is a Nevada-based company focused on advancing sustainable battery recycling technologies to create a circular supply chain for lithium-ion batteries. Founded by JB Straubel in 2017, Redwood specializes in the recycling and processing of end-of-life batteries and electronics to recover critical materials such as lithium, nickel, cobalt, copper, and various metals. The company currently receives approximately 10 GWh of used batteries annually and aims to scale its production of anode and cathode materials to 100 GWh by 2025, sufficient for manufacturing over one million electric vehicles each year. By providing environmentally sound solutions for recycling and refining, Redwood supports industries including electric vehicles, renewable energy storage, and consumer electronics, thereby contributing to a reduction in the environmental impact of battery production and usage.
Tyfast
Grant in 2023
Tyfast is a company focused on producing renewable energy and developing advanced lithium batteries. Its primary goal is to address the challenges associated with battery range, cycle life limitations, and charging safety. By creating innovative anodes and energy storage solutions, Tyfast provides clients with enhanced lithium transport and cycling stability, allowing for fast charging and extended battery life.
Zeta Energy
Grant in 2023
Zeta Energy, founded in 2014, focuses on developing and commercializing safe, high-performance rechargeable batteries that are both cost-effective and sustainably produced. The company has created a lithium-sulfur battery system featuring proprietary anode and cathode technologies, which offer significantly higher energy density compared to existing anode chemistries while avoiding the dendrite issues associated with lithium metal. Zeta Energy's innovations aim to address climate change and promote energy democratization by providing long-lasting and affordable rechargeable batteries that do not contain cobalt, zinc, nickel, or manganese. With a management team boasting over 100 years of combined experience in technology development and commercialization, Zeta has filed more than thirty patents to protect its advancements in battery technology.
South 8 Technologies
Grant in 2023
South 8 Technologies, Inc. is a manufacturer based in San Diego, California, specializing in advanced lithium batteries and electrochemical capacitors that utilize a unique liquefied gas electrolyte known as LiGas®. Founded in 2015, the company addresses key issues associated with traditional lithium-ion batteries, particularly their susceptibility to fire and performance limitations in extreme temperatures. LiGas technology enhances energy density and safety, allowing batteries to operate effectively within a temperature range of -60 to 60 °C. This innovation serves a diverse array of applications, including electric vehicles, energy storage, aerospace, and defense industries, by providing improved performance and reduced flammability compared to conventional materials. South 8 has developed its first battery cell, the Arctic™ LiGas 18650, and is actively working on additional battery chemistries. The company holds 23 patents across multiple jurisdictions, with a customer base that includes cell manufacturers and end-users, supported by various investors in the technology and automotive sectors.
24M
Grant in 2023
24M Technologies specializes in the development of energy storage systems for both grid and transportation applications. The company focuses on manufacturing lithium-ion batteries that enhance the operational reliability, economics, and efficiency of electric power systems. Its innovative approach features binder-free semisolid electrodes and unit cells, which not only improve battery performance but also eliminate the need for traditional hydro or pyrometallurgical processes in battery recycling. Additionally, 24M facilitates direct in-plant reuse of active materials at the end of a battery's life, contributing to more sustainable recycling practices and enabling clients to increase efficiency and reduce costs.
Element Energy
Grant in 2022
Element Energy is a startup focused on enhancing the performance, reliability, and cost-effectiveness of large battery packs utilized in various applications, including renewable energy storage and hybrid and electric vehicles. The company has developed a battery management system that aims to improve the safety, energy throughput, and lifespan of lithium-ion battery packs. This system facilitates the cost-effective repurposing of retired electric vehicle batteries into efficient grid-scale energy storage solutions. By doing so, Element Energy supports the integration of renewable energy sources and maximizes the total energy capacity of the battery packs.
Ampaire
Grant in 2022
Ampaire Inc. is a company focused on the design and development of electric-powered commercial aircraft, established in 2016 and headquartered in Hawthorne, California. The company aims to revolutionize aviation by creating aircraft that are clean, quiet, safe, reliable, and affordable, making air travel more accessible. Ampaire leverages innovative technologies in energy storage, propulsion, and aircraft architecture to enhance efficiency and minimize the environmental impact of aviation. Their custom propulsion systems are adaptable to various aircraft sizes, allowing aviation businesses to lower operational costs and significantly reduce carbon emissions. Through these advancements, Ampaire is positioning itself as a leader in the transition towards sustainable aviation.
CorePower Magnetics
Grant in 2022
CorePower Magnetics specializes in the manufacturing of electric components utilizing advanced magnetic core technology aimed at enhancing efficiency and power density. The company focuses on developing power-dense soft magnetics through innovative materials and advanced manufacturing techniques. This approach yields significant reductions in weight and volume, as well as decreased energy losses, all without relying on rare-earth metals. As a result, CorePower Magnetics' components offer improved current capabilities, extended ranges for electric vehicles, and longer lifespans for various applications. The company's commitment to optimizing magnetic core features addresses critical limitations in power electronics and power conversion systems, contributing to advancements in the electrification of transportation, energy efficiency, and grid modernization.
Imagen Energy
Grant in 2022
Imagen Energy specializes in providing innovative energy solutions focused on enhancing energy efficiency and reliability. The company develops compact and highly efficient energy systems, including advanced electric vehicle (EV) fast charging equipment manufactured in the United States. These chargers are designed to optimize limited grid power availability at public and fleet charging locations, making them particularly suitable for urban areas with constrained investment in EV infrastructure. In addition to EV charging solutions, Imagen Energy offers solar energy solutions, encompassing solar panel installations, battery storage systems, and monitoring tools. These products enable both businesses and homeowners to harness clean electricity, store surplus solar energy, and increase energy independence while reducing dependence on traditional power grids.
Princeton NuEnergy
Grant in 2022
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.
American Battery Technology Company
Grant in 2022
American Battery Technology Company focuses on the sustainable and ethical sourcing of critical battery materials essential for powering electric vehicles, grid storage, and consumer electronics. The company specializes in lithium-ion battery recycling, extraction of battery metals, and the development of primary mineral resources. By employing closed-loop and clean energy technologies, it aims to produce low-cost battery metals while promoting environmental stewardship in the battery supply chain.
RePurpose Energy
Grant in 2022
RePurpose Energy specializes in the development of sustainable energy storage systems utilizing repurposed electric vehicle batteries. By converting battery waste into valuable resources, the company enhances the resilience and sustainability of battery supply chains while supporting the global shift towards renewable energy. RePurpose Energy's innovative approach includes bundling reused EV batteries with advanced hardware and software solutions that monitor and manage various parameters such as temperature and charge levels. This enables clients to effectively address the complexities associated with second-life energy storage, ultimately contributing to a more sustainable energy landscape.
American Battery Technology Company
Grant in 2022
American Battery Technology Company focuses on the sustainable and ethical sourcing of critical battery materials essential for powering electric vehicles, grid storage, and consumer electronics. The company specializes in lithium-ion battery recycling, extraction of battery metals, and the development of primary mineral resources. By employing closed-loop and clean energy technologies, it aims to produce low-cost battery metals while promoting environmental stewardship in the battery supply chain.
Lilac Solutions
Grant in 2022
Lilac Solutions, Inc. is a mining technology company focused on lithium extraction, providing innovative technology and services to lithium producers. The company specializes in ion exchange beads and continuous brine processing systems, which enable the efficient production of high-purity lithium solutions from various brine resources. This technology, grounded in ion-exchange theory, allows lithium producers to enhance project development, improve lithium recovery rates, and optimize operational efficiency while also minimizing costs and environmental impact. Lilac Solutions serves industries such as electric vehicles and renewable energy storage. Incorporated in 2015, the company is headquartered in Oakland, California.
Group14 Technologies
Grant in 2022
Group14 Technologies, Inc. is a leading manufacturer and supplier of advanced silicon battery technology, specializing in engineered carbon materials for energy storage solutions including electric vehicles and consumer electronics. Founded in 2015 and headquartered in Woodinville, Washington, the company collaborates with clients representing 95% of global battery production. Group14 develops innovative battery materials that enhance energy performance in lithium-ion systems, providing clients with significantly increased lithium capacity while ensuring safety and longevity. The company operates a joint venture in South Korea and is expanding its manufacturing capabilities worldwide to meet the growing demand for silicon battery materials, aiming to enable a future where all rechargeable devices are powered by advanced battery 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.
Novonix Group
Grant in 2022
Novonix Group, established in 2012, is a global provider of advanced materials, equipment, and services for the lithium-ion battery industry. Based in Brisbane, Australia, with operations in Canada, the company operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for high-grade flake graphite in Australia. The Battery Technology segment develops and supplies high-precision battery testing equipment and services, catering to the precision measurement of coulombic efficiency. The Battery Materials segment focuses on developing and manufacturing synthetic graphite anode materials used in lithium-ion batteries, powering electric vehicles, personal electronics, and energy storage units. Novonix Group also has a strategic alliance with Harper International Corporation to enhance its synthetic graphite manufacturing process.
Amprius Technologies
Grant in 2022
Amprius Technologies, established in 2008 and headquartered in Fremont, California, specializes in manufacturing and distributing high-energy density lithium-ion batteries. The company's core technology, developed at Stanford University, utilizes silicon anodes to significantly enhance the energy density and specific energy of batteries. Amprius serves the aerospace, defense, and electric vehicle industries, with all its revenues generated within the United States. Its products are designed for existing and emerging aviation applications, including unmanned aerial systems.
Microvast
Grant in 2022
Microvast is a technology company that specializes in the design, development, and manufacturing of lithium-ion battery solutions, particularly for electric vehicles. Founded in 2006 and based in Huzhou, China, the company also has offices in the United States, Europe, the Middle East, and Africa. Microvast is recognized for its advanced cell technology and its ability to integrate the entire production process, from raw materials to final battery assembly. This vertical integration allows the company to offer a range of products, including ultra-fast charging, long-life battery power systems, lithium-ion battery materials, and battery systems for hybrid-electric vehicles, all designed with a focus on safety and performance.
Talon Metals Corp
Grant in 2022
Talon Metals is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project. The company focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101, identifying additional high-grade nickel mineralization, and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry.
Sila
Grant in 2022
Sila is a battery materials company founded in 2011 and headquartered in California, United States. It specializes in manufacturing energy-dense lithium-ion batteries designed for electric vehicles and consumer electronics. Sila collaborates with automotive original equipment manufacturers (OEMs) to accelerate product development and partners with battery manufacturers to enhance commercial cell production. The company focuses on providing advanced battery materials that improve energy storage capabilities, enabling the production of small, light, and long-lasting devices. By offering superior performance and quality control, Sila aims to facilitate the mass adoption of affordable, long-range electric vehicles while maintaining safety and cycle life standards.
Ampcera
Grant in 2022
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
Heliogen
Grant in 2021
Heliogen, Inc. is a clean energy technology company based in Pasadena, California, founded in 2013. It specializes in using concentrated solar power to produce renewable fuels such as hydrogen and syngas, aiming to eliminate reliance on fossil fuels in heavy industry. The company has developed innovative systems, including HelioMax, a closed-loop control system for electricity generation and process heat applications, and HelioHeat, which provides carbon-free, ultra-high-temperature heat for sectors like cement, refining, and mining. Heliogen’s AI-enabled modular technology enables the cost-effective delivery of continuous carbon-free energy in the form of heat, power, or green hydrogen, marking a significant advancement in sustainable energy solutions.
Ampcera
Grant in 2021
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
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.
Ampcera
Grant in 2021
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
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.
Wright Electric
Grant in 2020
Wright Electric Inc. is a manufacturer of commercial electric airplanes, focusing on reducing costs and emissions in the aviation industry. Established in 2016 and headquartered in Los Angeles, California, the company utilizes innovative propulsion technology to produce aircraft that eliminate emissions without requiring offsets. This advancement not only promotes zero-emissions flight but also aims to make the operational costs comparable to those of traditional fossil-fueled fleets, thereby facilitating the transition to a more sustainable aerospace sector. Wright Electric is positioned to play a significant role in the electrification of aviation, marking a transformative shift in the industry.
Ampcera
Grant in 2020
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
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.
Saratoga Energy
Grant in 2017
Saratoga Energy Research Partners is focused on developing an innovative and cost-effective process to synthesize graphite from carbon dioxide. The company's technology utilizes electrochemical methods to separate CO2 into oxygen and graphitic carbon, which is a vital component for lithium-ion batteries. The graphite produced through this process is particularly advantageous for fast-charging electric vehicles and grid storage, making it suitable for a wide range of energy and industrial applications. Additionally, Saratoga is involved in the development of carbon nanotubes, which are nano-scale carbon fibers that exhibit high strength, electrical conductivity, and thermal conductivity. These properties enable various sectors to leverage fast charging solutions at competitive prices.
PowerScout
Grant in 2016
PowerScout, Inc. is an online platform that assists residential customers in California in finding and comparing deals on clean energy solutions. Founded in 2015 and based in San Francisco, the company specializes in solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. PowerScout's AI-driven marketplace allows users to explore benefits by entering their address and sharing their electric bills for customized offers. The platform facilitates the selection of purchase options and scheduling of home surveys and installations. By leveraging artificial intelligence and extensive data, PowerScout models potential savings, helping consumers make informed decisions about smart home improvements. This approach aims to simplify the process of upgrading to energy-efficient solutions, similar to how Credit Karma assists with credit card selection. PowerScout has received grants from the U.S. Department of Energy, reflecting its commitment to advancing clean energy adoption in the residential sector.
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.
PowerScout
Grant in 2015
PowerScout, Inc. is an online platform that assists residential customers in California in finding and comparing deals on clean energy solutions. Founded in 2015 and based in San Francisco, the company specializes in solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. PowerScout's AI-driven marketplace allows users to explore benefits by entering their address and sharing their electric bills for customized offers. The platform facilitates the selection of purchase options and scheduling of home surveys and installations. By leveraging artificial intelligence and extensive data, PowerScout models potential savings, helping consumers make informed decisions about smart home improvements. This approach aims to simplify the process of upgrading to energy-efficient solutions, similar to how Credit Karma assists with credit card selection. PowerScout has received grants from the U.S. Department of Energy, reflecting its commitment to advancing clean energy adoption in the residential sector.
Wolfspeed
Grant in 2013
Wolfspeed is a leading manufacturer specializing in wide bandgap semiconductors, particularly silicon carbide (SiC) and gallium nitride (GaN) materials and devices. The company plays a crucial role in the transformation of the semiconductor industry, supporting the transition to electric vehicles, the deployment of faster 5G networks, and advancements in renewable energy and energy storage systems. Wolfspeed offers a range of products designed for power and radio-frequency applications, including use in transportation, power supplies, inverters, and wireless systems. With a workforce of over 550 skilled employees, the company boasts a robust intellectual property portfolio of approximately 2,000 patents and patent applications. Its operations are primarily based in Europe, with additional revenue derived from the United States, China, Hong Kong, and other regions.
24M
Series A in 2010
24M Technologies specializes in the development of energy storage systems for both grid and transportation applications. The company focuses on manufacturing lithium-ion batteries that enhance the operational reliability, economics, and efficiency of electric power systems. Its innovative approach features binder-free semisolid electrodes and unit cells, which not only improve battery performance but also eliminate the need for traditional hydro or pyrometallurgical processes in battery recycling. Additionally, 24M facilitates direct in-plant reuse of active materials at the end of a battery's life, contributing to more sustainable recycling practices and enabling clients to increase efficiency and reduce costs.
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.
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.
Plug Power
Grant in 2006
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
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