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 Energy Storage

Pure Lithium

Grant in 2025
Pure Lithium specializes in the manufacture of lithium metal battery technology aimed at delivering clean, sustainable, and cost-effective rechargeable batteries. The company's innovative approach replaces traditional graphite anodes with pure lithium metal, significantly enhancing energy density and overall battery performance. Pure Lithium's batteries offer a high discharge current density, longer charging times, and reduced weight, facilitating easier portability and transportation. This technology enables industries to operate effectively in various environmental conditions, supported by customized casings and insulation. Additionally, Pure Lithium utilizes an unconventional source of lithium to create battery-ready electrodes within a day, producing batteries that are free of excess lithium, cobalt, nickel, manganese, and graphite.

TEVERRA

Grant in 2025
TEVERRA is a clean energy technology company that provides innovative subsurface solutions aimed at optimizing carbon storage, energy storage, and geothermal operations. The company focuses on converting oil and gas assets into geothermal resources and offers a range of services including subsurface thermal energy storage, geothermal systems, and power plant design. Additionally, TEVERRA specializes in subsurface monitoring, visualization, and control for both geothermal and oil and gas sectors. By developing advanced technology and implementing international projects, TEVERRA supports the transition to a low-carbon and sustainable energy mix.

Convergent Energy and Power

Debt Financing in 2025
Convergent Energy and Power is an energy storage asset developer that focuses on a diverse range of projects, including commercial, industrial, and grid-connected systems. The company takes a comprehensive approach to energy storage development, overseeing every stage of the project lifecycle from opportunity identification and economic assessment to contract structuring, engineering, and ongoing operations and maintenance. Convergent provides a variety of energy storage solutions designed to reduce electricity costs, ensure power quality and reliability, and address infrastructure challenges. Its offerings cater to both smaller-scale commercial and industrial applications as well as large-scale grid-level projects, allowing utilities and end-users to effectively manage peak loads and lower peak electricity expenses.

Arizona Public Service

Debt Financing in 2025
Arizona Public Service Company is a utility provider based in Phoenix, Arizona, founded in 1886. As a subsidiary of Pinnacle West Capital Corporation, it generates electricity from a mix of coal-fired and renewable energy sources. The company serves both residential and commercial customers, offering vertically-integrated electric utility services that include retail and wholesale electricity. Arizona Public Service is committed to delivering clean, reliable, and affordable energy to its clients.

Hydrostor

Debt Financing in 2025
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.

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.

Quino Energy

Grant in 2024
Quino Energy specializes in the manufacture of cost-effective batteries utilizing a unique technology based on quinones dissolved in water. The batteries, derived from low-cost coal tar and wood tar, are designed for long-duration energy storage of 5 to 12 hours, making them more efficient than competing technologies. The company has licensed this innovative quinone flow battery technology from Harvard University, where it was initially developed. Quino Energy aims to provide scalable and long-lasting grid energy storage solutions that support a fully renewable energy future. Its storage services cater to various applications, including grid resiliency, microgrids, and renewable energy storage, accommodating needs from individual homes to large solar farms.

Qcells

Debt Financing in 2024
Qcells is a renewable energy platform specializing in solar power and energy storage solutions. The company focuses on developing, investing in, and delivering utility-scale solar projects. Through its engineering, procurement, and construction capabilities, Qcells aims to provide high-quality and reliable solar products globally. Their commitment to renewable energy positions them as a key player in the transition to sustainable energy sources.

Power Panel

Grant in 2024
Power Panel focuses on developing innovative technologies in renewable energy, specifically in the solar sector. The company manufactures solar power panels designed to enhance solar technology through thermal harvesting. Their product offerings include co-generating solar collectors, high-efficiency thermal storage tanks, and a range of balance of system components, such as mounting systems and integrated plumbing. These systems are equipped with embedded controls and web-enabled monitoring capabilities, allowing clients to easily scale and deploy solar solutions tailored to their energy production requirements. Power Panel aims to provide sustainable energy solutions that are easy to install, low maintenance, and effective in meeting diverse energy needs.

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.

EarthEn

Grant in 2024
EarthEn is focused on developing innovative technology for long-duration energy storage solutions that are carbon-negative and climate-positive. The company has created a novel power cycle that utilizes carbon dioxide in a closed-loop system, which allows for flexible and scalable energy storage applications. This thermo-mechanical approach is designed to be low-cost, safe, and future-proof, with an expected operational lifetime of 30 years. By providing clients with a reliable and sustainable energy source, EarthEn aims to facilitate the transition to renewable energy at the lowest possible cost.

Hydrogen Technologies

Grant in 2024
Hydrogen Technologies specializes in providing zero-emission energy solutions for the commercial and industrial boiler market. The company's cleanH2steam DCC™ Boiler is designed for diverse applications, including power generation plants, district heating, food processing, chemical refining, pulp and paper mills, and large venue halls. It functions similarly to traditional boilers used for heat, hot water, and industrial steam, while offering high energy efficiency and safety. By delivering cost-effective and environmentally friendly boiler solutions, Hydrogen Technologies aims to support its customers in achieving both financial returns and emission reduction objectives.

FirstEnergy

Grant in 2024
FirstEnergy Corporation, established in 1996 and headquartered in Akron, Ohio, is a diversified energy company that generates, transmits, and distributes electricity to approximately six million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company operates through regulated distribution and transmission segments, owning and managing a vast network of power plants, transmission lines, and distribution systems. These include coal-fired, nuclear, hydroelectric, natural gas, wind, and solar facilities, as well as 24,486 circuit miles of transmission lines and 269,691 miles of distribution lines, with a total installed transformer capacity of approximately 156,115,196 kilovolt-amperes. In addition to its core operations, FirstEnergy also provides energy-related products and services to retail and wholesale customers, contributing to the strengthening of local communities through its foundation's support of nonprofit organizations.

NeoVolta

Post in 2024
NeoVolta is a company that specializes in smart residential energy storage solutions, focusing on the design, manufacturing, and sale of high-end energy storage systems. These systems are designed to store solar energy using batteries and an inverter, making them compatible with new solar installations. NeoVolta's products cater to a variety of customers, including the solar industry, installers, new construction homebuilders, home remodelers, and homeowners. By providing innovative energy storage options, NeoVolta aims to enhance energy efficiency and sustainability in residential settings.

Sperra

Grant in 2024
Sperra is focused on advancing renewable energy through innovative energy storage and construction technologies. The company has developed a long-duration energy storage solution known as M-PHES, which utilizes large hollow concrete spheres placed on the seafloor to store mechanical energy as pressure. This system retains the advantages of conventional pumped hydro storage while expanding deployment possibilities, reducing development timelines, and enhancing modularity. Additionally, Sperra is pioneering three-dimensional concrete printing technology to create custom infrastructure for offshore wind, floating solar, and wave energy projects. By employing automated design and construction methods, the company minimizes material waste and carbon emissions while utilizing local resources, thereby contributing to more resilient and cost-effective solutions for the renewable energy sector.

ReJoule

Grant in 2024
ReJoule is focused on addressing the challenges associated with battery health information, which often leads to significant waste, especially at the end of a battery's life. The company has developed a battery diagnostic platform that significantly reduces testing time from hours to minutes, allowing for quick and accurate assessments of batteries for second-life applications. By testing batteries in-vehicle during their initial use, ReJoule enables equipment manufacturers to extend the useful life of batteries, facilitating their repurposing to store energy multiple times. This approach promotes sustainability and contributes to a circular economy by minimizing battery waste and lowering costs for manufacturers.

GridBeyond

Grant in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.

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.

Anthro

Grant in 2024
Anthro is an advanced materials company focused on innovating energy storage solutions for the battery-powered future. It specializes in developing flexible battery technology aimed at enhancing the capacity of wearable electronic devices. By transforming traditional lithium-ion batteries through patented polymer electrolyte technology, Anthro creates a polymeric supramolecular lithium-ion conductor that combines mechanical and ionic properties. This innovation allows device manufacturers to produce flexible and safe batteries, contributing to a more electrified future. The company is supported by leading investors and various government grants, positioning it at the forefront of energy storage advancements.

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.

UniSource Energy Services

Grant in 2024
UniSource Energy Services provides safe, reliable energy to nearly 250,000 customers in northern and southern Arizona.

Arizona Public Service

Grant in 2024
Arizona Public Service Company is a utility provider based in Phoenix, Arizona, founded in 1886. As a subsidiary of Pinnacle West Capital Corporation, it generates electricity from a mix of coal-fired and renewable energy sources. The company serves both residential and commercial customers, offering vertically-integrated electric utility services that include retail and wholesale electricity. Arizona Public Service is committed to delivering clean, reliable, and affordable energy to its clients.

Montana Renewables

Debt Financing in 2024
Montana Renewables focuses on refining renewable feedstocks into low-emission sustainable alternatives to traditional fossil fuels. Utilizing its Great Falls facility, the company processes up to 15,000 barrels per stream day of materials such as seed oils, used cooking oil, and tallow. The finished products serve as drop-in replacement fuels for diesel and aviation use, seamlessly integrating with existing engine technology and distribution systems. By offering these renewable options, Montana Renewables provides clients with effective decarbonization solutions while actively working to reduce carbon emissions. The company is also positioned for future expansion and innovation within the renewable energy sector.

Gevo

Post in 2024
Gevo, Inc. is a renewable fuels company based in Englewood, Colorado, focused on developing and commercializing sustainable alternatives to petroleum-based products. Founded in 2005, Gevo specializes in producing renewable fuels such as gasoline, jet fuel, and diesel, as well as chemicals derived from isobutanol, a key product made from low-carbon renewable feedstocks. The company's offerings include renewable biodiesel, sustainable aviation fuel, isobutylene, ethanol, and animal feed. Gevo is also engaged in producing renewable electricity and natural gas to support its operations. Through its various segments, Gevo conducts research and development aimed at advancing biofuels and biochemicals, including innovative technologies for the production of sustainable aviation fuel and other renewable hydrocarbon products, while actively working to reduce greenhouse gas emissions.

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.

Giner Labs

Grant in 2024
Giner Electrochemical Systems, LLC (GES) is a specialized business focused on developing and commercializing advanced electrochemical technologies. Established in May 2000 as a subsidiary of Giner, Inc., GES operates independently while maintaining a strategic alliance with General Motors Corporation. The company is dedicated to creating commercially viable fuel cells for transportation and stationary power systems, contributing to efforts to reduce greenhouse gas emissions. GES’s product offerings include a range of components and systems, such as catalysts, membrane-electrode assemblies, and electrolyzers. Additionally, GES manufactures devices that enable the detection of heavy metal pollutants at very low concentrations, thereby supporting environmental monitoring and safety. Through its innovative technologies, GES aims to address critical challenges in energy and environmental sustainability.

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.

PG&E

Grant in 2024
PG&E Corporation, through its primary subsidiary Pacific Gas and Electric Company, is a major utility provider in northern and central California, delivering electricity and natural gas to millions of customers. The company's service area spans from Eureka to Bakersfield, encompassing 47 of the state's 58 counties. PG&E generates electricity from a diverse mix of sources, including nuclear, hydroelectric, fossil fuels, and renewable energy. The company operates an extensive infrastructure, comprising approximately 18,000 circuit miles of transmission lines, over 107,000 circuit miles of distribution lines, and a natural gas system with around 43,300 miles of distribution pipelines. PG&E serves a wide range of customers, including residential, commercial, industrial, and agricultural sectors. Established in 1995 and headquartered in San Francisco, PG&E has undergone significant restructuring, including a period of bankruptcy court supervision from January 2019 to June 2020, prior to its current operations.

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.

Harvest Thermal

Grant in 2024
Harvest Thermal develops a control system for home use that integrates heating, hot water, and cooling with thermal storage. Its Harvest Thermal Pod is a cloud-connected IoT device that is machine learning enabled. It aims to provide affordable and low-carbon heating, hot water, and cooling systems that reduce the impact on the planet while providing comfort and safer homes.

NETenergy

Grant in 2024
NETenergy is a Chicago-based company specializing in thermal energy storage technology. It has developed an innovative thermal battery that stores cold energy during off-peak hours. This stored energy can then be utilized to cool buildings during peak hours, when energy costs are typically higher. By implementing this technology, building owners can significantly reduce their energy consumption, lower their energy bills, and decrease their carbon emissions. NETenergy's approach aims to enhance energy efficiency in commercial and residential buildings, contributing to a more sustainable energy future.

Gas Technology Institute

Grant in 2024
Gas Technology Institute is a research, development, and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future. The company provides economic value to the natural gas industry and energy markets by developing technology-based solutions for industry, government, and consumers. Its research initiatives address issues impacting the natural gas and energy markets across the industry’s value chain—supply, delivery, and end use. GTI offers an integrated systems perspective to expand the supply of affordable energy, ensure a safe and reliable energy delivery infrastructure, and promote the efficient use of energy resources. GTI is based in Des Plaines, Illinois, founded in 1941 as a non-profit corporation.

Barrio Eléctrico

Grant in 2024
Barrio Eléctrico offers residential solar-plus-storage leases, relying on community engagement to support the systems.

Wabash Valley Resources

Debt Financing in 2024
Wabash Valley Resources LLC, incorporated in 2016 and based in West Terre Haute, Indiana, specializes in the production and distribution of anhydrous ammonia. The company primarily serves local industrial and agricultural users by providing a reliable source of nitrogen for their fields at competitive prices. In addition to its ammonia manufacturing, Wabash Valley Resources is focused on developing sustainable solutions aimed at reducing carbon emissions and fostering a hydrogen economy. The company stores anhydrous ammonia at its facility to ensure efficient delivery to its clients.

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.

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.

Oscilla Power

Grant in 2024
Oscilla Power, Inc. specializes in renewable energy and energy harvesting solutions, focusing on the development of its Triton wave energy converter. This technology harnesses the renewable energy potential of oceans by converting mechanical energy from ocean waves into electricity using patented magnetostrictive alloys. The company’s iMEC technology platform is designed for scalability, efficiency, and flexibility, allowing it to be integrated into both novel energy systems and existing structures to capture otherwise wasted vibrational energy. Oscilla Power primarily targets applications in utility-scale wave energy generation and downhole power for the oil and gas industry. Established in 2009 and based in Seattle, Washington, with additional offices in Salt Lake City, Utah, Edinburgh, United Kingdom, and Kochi, India, Oscilla Power has received support from various government entities, including the National Science Foundation and the Department of Energy.

MAAT Energy

Grant in 2024
MAAT Energy represents one of the most significant opportunities to impact climate change.

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.

Giner Labs

Grant in 2024
Giner Electrochemical Systems, LLC (GES) is a specialized business focused on developing and commercializing advanced electrochemical technologies. Established in May 2000 as a subsidiary of Giner, Inc., GES operates independently while maintaining a strategic alliance with General Motors Corporation. The company is dedicated to creating commercially viable fuel cells for transportation and stationary power systems, contributing to efforts to reduce greenhouse gas emissions. GES’s product offerings include a range of components and systems, such as catalysts, membrane-electrode assemblies, and electrolyzers. Additionally, GES manufactures devices that enable the detection of heavy metal pollutants at very low concentrations, thereby supporting environmental monitoring and safety. Through its innovative technologies, GES aims to address critical challenges in energy and environmental sustainability.

Dioxide Materials

Grant in 2024
Dioxide Materials is focused on creating sustainable solutions through innovative green technology aimed at addressing climate change. The company specializes in developing systems that recycle waste carbon dioxide into fuels and chemicals, thereby helping to reduce the global carbon footprint. Key products include Sustainion membranes and ionomers, which function as both catalysts and electrolytes in various electrochemical cells and electrolyzers. These technologies facilitate the production of renewable syngas and enable the conversion of air, water, and renewable energy into renewable gasoline. By providing efficient solutions for clean energy production, Dioxide Materials supports the transition to a low-carbon economy and contributes to the reduction of greenhouse gas emissions.

Aspen Aerogels

Grant in 2024
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of high-performance aerogel insulation products targeted primarily at the energy infrastructure and building materials markets. The company’s offerings include a range of products such as Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. These products are notably more effective than traditional insulation materials, providing superior thermal performance with reduced weight and thickness. Aspen Aerogels also extends its expertise through contract research services for various U.S. government agencies, including the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, the company has established a global presence, focusing on innovation within its core markets.

Form Energy

Grant in 2024
Form Energy, Inc. specializes in the development of long-duration energy storage systems aimed at enhancing the reliability of renewable energy sources such as wind and solar. Founded in 2017 and based in Somerville, Massachusetts, the company focuses on creating low-cost battery systems, including its innovative iron-air battery technology, which allows for energy storage over extended periods. This capability enables the dispatch of renewable energy throughout the year, effectively replacing traditional fossil fuel-based generation and contributing to the decarbonization of the electric grid. Additionally, Form Energy offers Formware, a capacity expansion software tool designed to optimize energy management. The company's technological advancements are rooted in research from MIT and are supported by various investors committed to sustainable energy solutions.

Bedrock Energy

Grant in 2024
Bedrock Energy focuses on advancing geothermal heating and cooling solutions through the development of autonomous drilling technology and sophisticated subsurface simulation software. By enhancing these technologies, the company aims to make geothermal installations more widespread, affordable, and accessible, thereby transforming the heating and cooling landscape for buildings. This innovative approach not only seeks to reduce costs in the construction industry but also promotes sustainability and environmental responsibility.

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.

VEIR

Grant in 2024
VEIR is focused on advancing electricity transmission through the development of high-temperature superconductors and innovative cooling solutions. The company has created a passive evaporative cryogenic cooling technology that significantly enhances cooling efficiency, delivering 20 times more cooling power per kilogram of nitrogen flow compared to traditional mechanical subcooling methods. By utilizing commercial superconducting tape, VEIR's technology facilitates power delivery at transmission levels over distribution-scale infrastructure without resistive losses. This approach allows clients to streamline permitting processes and create economically viable electric transmission lines, thereby addressing the challenges associated with cooling high-temperature superconductors.

GridBeyond

Grant in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.

Generac Power Systems

Grant in 2024
Generac Power Systems, Inc. is a manufacturer of backup power generators and engine-powered tools, specializing in various power generation solutions for residential, commercial, and industrial markets. The company's product portfolio includes home backup generators, portable generators, business standby generators, and a range of pressure washers and water pumps. Additionally, Generac offers automatic transfer switches and energy storage systems, enhancing its capabilities in home energy management. Its mobile products, such as light towers and generators, are tailored for diverse applications including government, military, construction, and disaster relief. Generac serves a wide array of industries, including healthcare, telecommunications, and hospitality, by distributing its products through retailers, service centers, and dealers both domestically and internationally. Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac operates additional facilities across several locations in the U.S. and abroad, including Latin America and Europe. The company also engages in strategic partnerships to further expand its market presence.

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.

ExSorbtion

Grant in 2024
ExSorbtion specializes in Direct Lithium Extraction (DLE) technology, focusing on the extraction of lithium from oilfield and geothermal brines as well as salars. The company aims to offer innovative and cost-effective solutions that enable the efficient extraction of lithium, a critical component in energy storage materials. By developing these distinct extraction methods, ExSorbtion seeks to provide valuable resources to its partners and customers, supporting the growing demand for lithium in various applications.

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.

Blip Energy

Grant in 2024
Blip Energy is focused on developing innovative battery energy storage systems to address rising peak demand and enhance the smart grid infrastructure. The company offers a smart, plug-and-play battery system that leverages artificial intelligence to help households reduce electric bills while providing essential backup power. By creating a distributed network of Internet of Things (IoT) batteries, Blip Energy aims to empower grid operators with the necessary tools and data to stabilize the grid and optimize energy costs for users. Their solutions facilitate energy management without the complexities of permitting and installation, aligning with current needs for resilience and cost savings. Blip Energy's approach supports the transition to a more sustainable, efficient, and reliable power grid for all.

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.

CleanTech Strategies

Grant in 2024
CleanTech Strategies (CTS) is a subject matter expert firm specializing in energy storage, power electronics, microgrids, renewables, and advanced materials.

BRITE Energy Innovators

Grant in 2024
BRITE Energy Innovators, established in 2010 and located in Warren, Ohio, is the state's only energy incubator dedicated to nurturing startups in the energy technology sector. The organization offers a comprehensive range of resources, including advanced technology testing tools, well-equipped labs for energy storage and IoT solutions, and coworking spaces. BRITE's entrepreneur in residence program provides critical expertise and guidance to help startups navigate their development processes and achieve long-term success. Since its inception, BRITE has supported over 200 startups, assisting them in securing more than $60 million in funding. The incubator also serves as a collaborative hub, housing 19 physical tenants and offering event spaces to foster innovation and community engagement.

Battery Council International

Grant in 2024
Battery Council International (BCI) is a trade association for the battery business that teaches people about the importance of batteries in powering daily life.

Ørsted

Grant in 2024
Ørsted is a Danish company specializing in the development and maintenance of offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Formerly known as DONG Energy, Ørsted has undergone a significant transformation over the past decade, committing to a vision of a world powered entirely by green energy. The company has dramatically reduced its coal consumption by 73% and aims to completely phase out coal by 2023. As a global leader in offshore wind, Ørsted holds a 25% market share, providing energy to approximately 9.5 million people. By the end of 2023, Ørsted operated 8.9 gigawatts of offshore wind capacity, with the United Kingdom being its largest market, followed by Germany and Denmark. The company is also expanding its presence outside Europe with projects in Taiwan and the United States, where it operates 4.8 gigawatts of onshore wind and solar assets. In addition to its renewable initiatives, Ørsted still engages in traditional utilities, including conventional power plants.

Skyven Technologies

Grant in 2024
Skyven Technologies is an energy-as-a-service company focused on decarbonizing industrial process heat for manufacturers in hard-to-decarbonize sectors. The company aims to reduce onsite CO2 emissions by providing clean, emissions-free process heat at costs lower than natural gas. Skyven implements advanced decarbonization technologies, such as their Arcturus line of steam-generating heat pumps, without requiring capital expenditures or disrupting manufacturing processes. They monitor carbon emissions in real-time and charge clients only for the clean energy supplied. Additionally, Skyven offers dashboards that display real-time data on savings and carbon metrics, supporting facilities in their transition to greener energy sources while also recovering waste heat to produce sustainable steam.

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.

Verdagy

Grant in 2024
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.

Electric Hydrogen

Grant in 2024
Electric Hydrogen is a company focused on developing low-cost, high-efficiency, fossil-free hydrogen systems aimed at decarbonizing industrial sectors such as ammonia and steel production, which are significant contributors to global greenhouse gas emissions. By rethinking electrolysis, Electric Hydrogen seeks to make clean hydrogen competitive with traditional, fossil-fuel-based hydrogen in terms of cost and scalability. The company's advanced PEM technology utilizes low-cost renewable electricity to produce clean hydrogen gas, thereby helping industries reduce their reliance on fossil fuels and minimize pollution. With a leadership team experienced in transformative clean energy companies, Electric Hydrogen is positioned to address current challenges in efficiency and cost, contributing to the goal of a zero-emission industrial sector in the near future.

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.

AvCarb Material Solutions

Grant in 2024
AvCarb Material Solutions is a producer of application-enabled carbon parts for flow batteries, hydrogen fuel cells, and electrolyzers, as well as for commercial and industrial uses. The company provides engineered materials that enable the production of hydrogen, the conversion of hydrogen into electricity, and the storage of energy. The company's products include felts, papers, woven fabrics, gas diffusion layers, molded graphite layers, and molded laminates used in electrochemical and friction applications.

Ionomr Innovations

Grant in 2024
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.

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.

Cummins Power Generation

Grant in 2024
Cummins Power Generation is a world leader in the design and manufacture of power generation equipment, including PowerCommand standby and prime power systems. They also provide single-source warranty, planned maintenance, and round-the-clock emergency service 24 hours a day, seven days a week including back-up power rental through their network of distributors. Part of the world-wide power systems business which has annual sales of more than $1.2 billion, Cummins Power Generation's strength comes from being a division of Cummins Inc. Cummins Power Generation has unique expertise in that all aspects of generator set design, manufacture and service have been brought together in one company. All the major components - the engine, alternator and control systems - are manufactured by divisions of Cummins. This integral approach means each element of a generating set is matched to work in harmony from the start. Providing what the customer wants is at the core of Cummins' manufacturing philosophy. For generating set customers this means a choice of mobile, stationary, open or sound attenuated versions is available for all models.

EcoLectro

Grant in 2024
Ecolectro focuses on producing scalable and cost-effective green hydrogen energy solutions. The company develops advanced electrolyzers that utilize patented polymers to create durable and high-performance stacks. Their technology features exceptional membranes and electrodes, enabling the efficient production of pure hydrogen without relying on costly materials such as platinum, iridium, and titanium. Ecolectro's innovative approach aims to enhance the viability of hydrogen as an environmentally friendly energy source, reducing capital costs while potentially extending the lifespan of hydrogen technologies. The company's commitment to research and development allows it to continually push the boundaries of electrolysis technology, making green hydrogen more accessible for various industries.

OxEon Energy

Grant in 2024
Developer of solid oxide fuel cell development technology intended for the improvement of solid oxide electrolyzers. The company offers synthetic fuel and synthesis gas production, custom catalyst support formulations, custom electrode powder and ink formulation, hazardous gas passivation, natural gas value addition and energy storage solutions to clients in the energy generation and storage sector, providing energy storage solutions.

Capture6

Grant in 2024
Capture6 specializes in the development and commercialization of innovative carbon dioxide removal technologies aimed at addressing climate change. The company utilizes electrochemical processes to convert seawater into a solution that captures CO2 from the atmosphere and deposits it into the ocean, thereby enhancing ocean health. This approach not only facilitates the reduction of greenhouse gas emissions but also offers economic benefits by enabling businesses, governments, and communities to decarbonize their operations effectively. By repurposing existing industrial-scale technologies, Capture6 provides scalable solutions that contribute to environmental sustainability while improving livelihoods.

Energy Internet Corporation

Grant in 2024
Energy Internet Corporation unites engineering and hardware systems to produce efficient energy storage and renewable energy distribution.

8 Rivers

Grant in 2024
8 Rivers is a company focused on developing infrastructure-scale technologies that significantly reduce or eliminate CO2 emissions. Since its inception in 2008, it has concentrated on commercializing solutions across various sectors, with particular emphasis on oxy-combustion and ultra-low carbon intensity processes. Its technology portfolio includes ultra-low carbon hydrogen production, innovative low-carbon power cycles, and advanced direct air capture systems. 8 Rivers holds the largest number of CO2-related patents globally and has successfully raised over $1 billion in funding to support its initiatives. The company aims to facilitate the energy transition by delivering economic and sustainable hydrogen production and addressing the utilization of captured CO2 for producing valuable products. By balancing economic viability with scientific innovation, 8 Rivers enables both companies and governments to achieve their net-zero goals while contributing to broader societal challenges.

United Power Technology

Grant in 2024
United Power Technology AG, established in 2010 and headquartered in Eschborn, Germany, specializes in the design, development, manufacturing, and sales of engine-driven power equipment. The company's product portfolio includes residential and commercial gasoline, inverter, and diesel generators, industrial equipment like gasoline and diesel water pumps, and landscaping machinery such as gasoline and diesel pressure washers. Additionally, they offer a range of components and parts for these products, serving various markets including gardening/DIY, camping, power outage/waterflow, construction/professional, and outdoor sectors. United Power Technology sells its products through original equipment manufacturers, wholesalers, and retailers, with operations spanning the People’s Republic of China, North America, Europe, Africa, the Middle East, and internationally.

Carbon Solutions

Grant in 2024
Carbon Solutions provides low-carbon energy research and development and software. They offer carbon management services. They support integrated CO₂ capture, transport, and storage solutions. They offer market assessments, project feasibility, and project design services.

Amsen Technologies

Grant in 2024
Amsen Technologies mission is to develop solar fuels generators that convert water and carbon dioxide to storable chemical fuels using sunlight would be substantially beneficial for energy production and storage.

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.

Koloma

Grant in 2024
Koloma is a geologic hydrogen company focused on identifying and commercializing geologic hydrogen resources. By utilizing its technology and proprietary data, Koloma develops data-driven solutions for energy transition resource development. The company's initiatives aim to reduce global carbon emissions, providing businesses with the tools to lower their carbon footprint and contribute to climate change mitigation efforts. Through its innovative approach, Koloma seeks to advance clean energy technology and support the transition towards a more sustainable energy future.

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.

Gas Technology Institute

Grant in 2024
Gas Technology Institute is a research, development, and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future. The company provides economic value to the natural gas industry and energy markets by developing technology-based solutions for industry, government, and consumers. Its research initiatives address issues impacting the natural gas and energy markets across the industry’s value chain—supply, delivery, and end use. GTI offers an integrated systems perspective to expand the supply of affordable energy, ensure a safe and reliable energy delivery infrastructure, and promote the efficient use of energy resources. GTI is based in Des Plaines, Illinois, founded in 1941 as a non-profit corporation.

RedoxBlox

Grant in 2024
RedoxBlox specializes in thermochemical energy storage technology aimed at decarbonizing high-temperature industrial thermal processing and enhancing natural gas power production. By providing a cost-effective alternative to fossil fuels, the company enables continuous energy discharge at high temperatures, significantly reducing carbon and nitrogen oxide emissions. Its system is designed to integrate seamlessly with existing infrastructure, improving grid resilience while supporting industrial processors and power plant operators. RedoxBlox's technology facilitates the electrification and storage of energy, allowing industries to harness renewable energy sources through large-scale, long-duration energy storage solutions.

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.

Susteon

Grant in 2023
Susteon is focused on advancing energy transition technology through the development of direct air capture (DAC) solutions. The company's innovative approach utilizes Dual-Functional Materials (DFM) that not only capture carbon dioxide from the air but also convert it into Renewable Natural Gas (RNG). This technology enables clients to produce various fuels, including diesel and aviation fuel, directly from captured carbon dioxide. Susteon’s efforts are further supported by a Small Business Innovation Research (SBIR) project sponsored by the Department of Energy, highlighting its commitment to addressing real-world environmental challenges.

Carbon Solutions

Grant in 2023
Carbon Solutions provides low-carbon energy research and development and software. They offer carbon management services. They support integrated CO₂ capture, transport, and storage solutions. They offer market assessments, project feasibility, and project design services.

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.

Marin Clean Energy

Grant in 2023
Marin Clean Energy is a private company based in San Rafael, California, specializing in the provision of renewable electricity services. The firm is dedicated to reducing greenhouse gas emissions by offering cleaner energy options to its customers. Through its initiatives, Marin Clean Energy aims to promote sustainability and support the transition to a more environmentally friendly energy landscape.

National Grid

Grant in 2023
National Grid is a multinational electricity and gas utility company, headquartered in London, UK. It owns, operates, and maintains high-pressure gas transmission networks in Great Britain, spanning approximately 7,630 kilometers, and provides associated services such as gas metering and liquefied natural gas storage. Additionally, it facilitates electricity and gas transmission systems, serving millions of customers through regulated utility businesses in the UK and US. National Grid is committed to delivering safe, reliable, and efficient energy, while also investing in innovative technologies to reduce greenhouse gas emissions and transition to cleaner, smarter energy systems.

Xcel Energy

Grant in 2023
Xcel Energy is an electric and natural gas utility company based in Minneapolis, Minnesota, founded in 1909. It serves approximately 3.8 million electric customers and 2.2 million natural gas customers across eight states. The company is involved in the generation, transmission, distribution, and sale of electricity, utilizing a diverse mix of energy sources including coal, nuclear, natural gas, hydro, solar, biomass, oil, and wind. Xcel Energy is recognized as one of the largest suppliers of renewable energy in the United States, with over half of its electricity sales derived from carbon-free sources. Its operations are organized into five segments: electricity, natural gas, renewable energy, transmission, and innovation, which also includes the development and leasing of natural gas pipelines and related facilities.

Generac Grid Services

Grant in 2023
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.

Mid-Atlantic Hydrogen Hub

Grant in 2023
Mid-Atlantic Hydrogen Hub its strategy to develop a regional H2 market.

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.

RedFlow

Grant in 2023
RedFlow Limited, established in 2005 and based in Brisbane, Australia, specializes in the development, manufacturing, and sale of zinc-bromine flowing electrolyte battery modules (ZBMs). The company offers two key products: ZBM2, an energy storage system with a 10 kilowatt-hour (kWh) capacity, and ZCell, a home and office energy storage system also with 10kWh capacity. RedFlow's batteries cater to diverse applications, including telecommunications, commercial and industrial, grid-scale, and residential sectors. Notably, RedFlow was one of the first companies to install fully operational and functional ZBMs.

Xcel Energy

Grant in 2023
Xcel Energy is an electric and natural gas utility company based in Minneapolis, Minnesota, founded in 1909. It serves approximately 3.8 million electric customers and 2.2 million natural gas customers across eight states. The company is involved in the generation, transmission, distribution, and sale of electricity, utilizing a diverse mix of energy sources including coal, nuclear, natural gas, hydro, solar, biomass, oil, and wind. Xcel Energy is recognized as one of the largest suppliers of renewable energy in the United States, with over half of its electricity sales derived from carbon-free sources. Its operations are organized into five segments: electricity, natural gas, renewable energy, transmission, and innovation, which also includes the development and leasing of natural gas pipelines and related facilities.

Sperra

Grant in 2023
Sperra is focused on advancing renewable energy through innovative energy storage and construction technologies. The company has developed a long-duration energy storage solution known as M-PHES, which utilizes large hollow concrete spheres placed on the seafloor to store mechanical energy as pressure. This system retains the advantages of conventional pumped hydro storage while expanding deployment possibilities, reducing development timelines, and enhancing modularity. Additionally, Sperra is pioneering three-dimensional concrete printing technology to create custom infrastructure for offshore wind, floating solar, and wave energy projects. By employing automated design and construction methods, the company minimizes material waste and carbon emissions while utilizing local resources, thereby contributing to more resilient and cost-effective solutions for the renewable energy sector.

Nth Cycle

Grant in 2023
Nth Cycle is a metal processing technology company that focuses on recovering critical minerals through innovative electro-extraction methods. It collaborates with battery recyclers and mining operations to extract production-grade minerals from e-waste and low-grade mine tailings, offering a cleaner and more customizable alternative to traditional hydrometallurgical and pyrometallurgical processes. By utilizing its advanced recycling technology, Nth Cycle aims to reduce reliance on primary mining, thereby creating a sustainable secondary source of rare earth metals in the United States. This approach supports the manufacturing and recycling industries while contributing to advancements in clean energy.
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