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 GreenTech

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.

OnePlanet Solar Recycling

Debt Financing in 2025
OnePlanet Solar Recycling, founded by experts from the metals manufacturing, recycling, and solar energy sectors, specializes in scalable and sustainable solutions for solar panel recycling. The company provides a comprehensive range of services tailored to the needs of the solar energy and recycling industries. These services include logistics support, recycling certificates, and the recycling of various components such as damaged solar panels, mounting structures, inverters, and wiring materials like copper and aluminum. By focusing on efficient and environmentally responsible recycling practices, OnePlanet Solar Recycling aims to support the growing demand for sustainable energy solutions.

Ioneer

Post in 2025
Ioneer Ltd is a mineral exploration company based in North Sydney, Australia, primarily engaged in the development of its wholly owned Rhyolite Ridge Lithium-Boron Project located in Nevada, USA. With a focus on creating a sustainable future, Ioneer aims to establish a domestic source of lithium and boron, two critical materials for various applications, including renewable energy technologies. The company emphasizes environmentally and socially responsible extraction methods to align with its vision of sustainability. Since its incorporation in 2001, Ioneer has evolved from its previous identity as Global Geoscience Limited, reflecting its commitment to advancing the mining sector while addressing modern environmental challenges.

Daphne Technology

Grant in 2025
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.

Louisiana Green Corps

Grant in 2025
Louisiana Green Corps provides environmental education and career-building opportunities for people aspiring to improve their lives and our community and also provides stipends and transportation assistance.

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.

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.

Technip Energies

Grant in 2024
Technip Energies offer innovative solutions from A to Z through cutting-edge technologies, unique design, leading engineering capabilities, construction expertise, and equipment for the energy market. The company has a demonstrated track record in green projects, including hydrogen and biofuels; energy infrastructure both onshore and offshore (LNG, downstream, sustainable chemistry, hydrogen, CO2 management and marine infrastructure.

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.

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.

Sunwealth

Debt Financing in 2024
Sunwealth is a clean energy investment firm focused on advancing commercial solar projects. By utilizing a proprietary methodology, the company identifies high-performing projects that deliver both financial returns and social impact. Sunwealth offers a Solar Impact Fund, which enables the rapid scaling of investments in a diversified portfolio of solar assets. This approach allows investors to directly engage in meaningful projects while benefiting from the efficiency and reliability of solar energy. The firm leverages its extensive expertise in solar technology and investment to support businesses, municipalities, and non-profit organizations in achieving significant financial returns alongside their clean energy goals.

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.

Prometheus Materials

Grant in 2024
Prometheus Materials focuses on the development of bio-cement designed to achieve zero carbon emissions, contributing to global sustainability efforts. The company specializes in creating innovative construction materials that utilize algae, water, ambient carbon dioxide, sunlight, and sand. By producing bio-cement and bio-concrete that are carbon negative, Prometheus Materials enables clients to adopt more sustainable practices in construction, thereby helping to reduce overall carbon dioxide emissions associated with traditional concrete production.

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.

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.

LanzaTech

Grant in 2024
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from the gasification of municipal solid waste and biomass. LanzaTech's innovative technology enables the conversion of carbon emissions from sources like steel mills into valuable products, such as sustainable fuels and chemicals, thus contributing to a circular carbon economy. By recycling carbon from various waste streams, LanzaTech aims to reduce global CO2 emissions significantly and displace a substantial portion of crude oil use, ultimately transforming waste carbon into essential building blocks for consumer goods.

C-Crete Technologies

Grant in 2024
C-Crete Technologies is a pioneering company specializing in the development and commercialization of innovative materials and technologies. They focus on driving advancements in energy, environment, materials, construction, and infrastructure sectors. By integrating expertise in materials science, nanotechnology, multiscale computations, and predictive analytics, C-Crete is creating next-generation solutions for a low-carbon, energy-efficient world. Their flagship innovation is a nanoengineered cement that significantly reduces CO2 emissions and transforms abundant, non-carbonate rocks into cementitious binders, offering substantial energy savings, affordability, and flexibility, while maintaining high performance and user comfort.

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.

Standard Lithium

Grant in 2024
Standard Lithium is a lithium producer focused on the exploration and development of lithium brine properties in the United States. The company aims to unlock the value of large-scale lithium-bearing brine resources, particularly through its Arkansas Lithium Project located in south-central Arkansas, along with other projects such as the Lanxess Project, Tetra Project, and Bristol Dry Lake Project. By employing a disciplined strategy, Standard Lithium seeks to minimize risks associated with resource availability, political factors, and regulatory permitting, while also leveraging advancements in lithium extraction technologies. This approach positions the company to rapidly develop new production capabilities and contribute to the growing demand for lithium in various applications.

Daphne Technology

Grant in 2024
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.

1PointFive

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

FRAM

Grant in 2024
FRAM Energy is a company that operates in the real estate industry, focusing on energy efficiency and renewable energy solutions. The company's primary service involves de-risking energy retrofits for property owners, particularly those with rental homes. This service is designed to make sustainable rental homes more achievable and financially viable. FRAM Energy targets the multifamily segment, aiming to bring energy retrofits to rental homes. The company's work is backed by venture capital and it utilizes a data platform and fintech infrastructure to support its services.

Blue Biofuels

Grant in 2024
Blue Biofuels is a technology company focused on renewable energy and biofuels. It has developed an innovative process called Cellulose-to-Sugar 2.0 (CTS 2.0), which utilizes a mechanical and chemical dry method to convert a variety of cellulosic feedstocks—such as grasses, wood, paper, and agricultural waste—into sugar and lignin. These products are essential for creating biofuels, biodegradable plastics, and other specialty materials. The company aims to contribute to a more sustainable future by producing renewable fuels and environmentally friendly products through a CO2-neutral process, emphasizing the use of plant-based materials.

C-Crete Technologies

Grant in 2024
C-Crete Technologies is a pioneering company specializing in the development and commercialization of innovative materials and technologies. They focus on driving advancements in energy, environment, materials, construction, and infrastructure sectors. By integrating expertise in materials science, nanotechnology, multiscale computations, and predictive analytics, C-Crete is creating next-generation solutions for a low-carbon, energy-efficient world. Their flagship innovation is a nanoengineered cement that significantly reduces CO2 emissions and transforms abundant, non-carbonate rocks into cementitious binders, offering substantial energy savings, affordability, and flexibility, while maintaining high performance and user comfort.

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.

Performance Systems Development

Grant in 2024
Performance Systems Development, LLC specializes in building performance software, program, engineering, and training solutions aimed at enhancing energy efficiency for homeowners, businesses, and commercial property owners in the United States. The company offers several software tools, including the Targeted Retrofit Energy Analysis Tool for energy audits, the Green Energy Compass for managing energy efficiency programs, and the Building Performance Compass for benchmarking and tracking energy use in commercial and multifamily buildings. Additionally, it provides a variety of program services, including custom engineering solutions and support for developing home energy ratings businesses. The company also conducts training courses, both online and in-person, for energy auditors, builders, and engineers, covering certifications and software training in building performance and energy efficiency. Established in 1998 and based in Ithaca, New York, Performance Systems Development integrates building science expertise to support a wide range of energy efficiency initiatives.

Mattiq

Grant in 2024
Mattiq is a sustainable materials design and development company that operates a transformative platform aimed at decarbonizing essential building blocks for various industries. By integrating materials science, chemistry, and artificial intelligence, Mattiq creates innovative solutions that support the circular economy. This approach helps businesses decrease their dependence on fossil fuels, reduce waste, and develop more sustainable products and processes, ultimately contributing to a greener future.

Nanosonic

Grant in 2024
Nanosonic is engaged in the development and manufacture of innovative materials and devices, primarily focusing on environmentally friendly processes and techniques. The company specializes in designing unique materials and provides research and development services to other organizations, emphasizing support for prototyping and commercialization efforts. Through its expertise, Nanosonic aims to create solutions that meet modern environmental standards while advancing technological capabilities.

Climate Robotics

Grant in 2024
Climate Robotics is a company that specializes in developing robotics and artificial intelligence aimed at addressing climate change and enhancing soil health. Founded in 2020 and based in the United States, the company focuses on utilizing its innovative technology to sequester carbon. One of its key products, the pyrobot, is designed to identify degraded or blighted land in urban and peri-urban areas and convert onsite biomass waste into biochar. This process not only helps in carbon sequestration but also improves soil quality, contributing to environmental sustainability.

RiKarbon

Grant in 2024
RiKarbon is a green-tech company focused on creating renewable products by utilizing captured carbon emissions and minimizing waste through innovative technologies. It develops sustainable lubricants from plant scraps, natural feedstocks, and oils, providing renewable alternatives to petroleum-based resources. These products serve both domestic and international markets in specialty and performance chemicals, finding applications in skin lotions, sunscreens, food processing, and hydropower production. By enhancing economic value and promoting energy security, RiKarbon aims to reduce carbon emissions and contribute to a more sustainable future.

Creekside Environmental Products

Grant in 2024
Creekside Environmental Products specializes in the manufacture of environmentally friendly solutions for a range of industries, such as food, beverage, and personal care. The company's offerings include products designed for applications like water quality monitoring, soil testing, and air pollution analysis. By providing these tools, Creekside Environmental Products aids businesses in minimizing their environmental impact, supporting sustainability efforts across various sectors.

Altex Technologies

Grant in 2024
Altex Technologies specializes in fuels processing and fuel cell power systems, offering services that include low emission burners and thermal management solutions. The company focuses on developing innovative fuel processing technologies and provides comprehensive support to manufacturers by equipping them with essential tools for assessing fuels and combustion system performance. This includes flow and temperature monitors, total sulfur analyzers, and continuous gaseous emissions monitors. By enhancing the monitoring and characterization of fuel systems, Altex Technologies helps manufacturing companies reduce risks associated with fuel usage and emissions.

Eden Park Illumination

Grant in 2024
Eden Park Illumination, Inc. is a lighting technology company based in Champaign, Illinois, established in 2007. The company specializes in the research, development, manufacturing, and commercialization of advanced lighting systems, particularly focusing on ultraviolet (UV) lamps. Its product offerings include various ultraviolet lighting systems, such as the patented Far-UVC 222nm disinfection lamps, which are designed to safely disinfect air and surfaces, helping to mitigate health threats like Covid-19. Eden Park's lamps are recognized for their toxicity-free design, uniform soft glow, and consistent color and intensity, making them suitable for diverse applications including architectural projects, retail displays, and interior lighting. The company benefits from a strong technological foundation, supported by over fifty years of expertise through its affiliation with the Laboratory of Optical Physics and Engineering at the University of Illinois.

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.

The Appalachian Regional Clean Hydrogen Hub

Grant in 2024
ARCH2 is supported by labor unions, environmental non-profits, and community partners, and has a highly skilled energy staff. In the many communities in Northern Appalachia that rely heavily on coal and fossil fuels, ARCH2 will create jobs in the renewable energy sector.

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.

RookStack

Grant in 2024
RookStack Mission is to identify the optimal residential heating and cooling equipment for efficiency, cost and grid impact.

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.

Danimer Scientific

Grant in 2024
Danimer Scientific, formerly known as Meredian Holdings Group, Inc., specializes in the production of biopolymers, particularly polyhydroxyalkanoates, which are biodegradable plastics. Founded in 2004 and headquartered in Bainbridge, Georgia, with a production facility in Winchester, Kentucky, the company offers a range of products including additives, coatings, resins, and thermoforming materials. Danimer Scientific focuses on sustainable practices by providing products that are designed to reduce petrochemical plastic pollution and are certified for biodegradability and compostability. The company's biopolymers, marketed under the Nodax brand, are FDA approved for food contact and are utilized in various applications such as disposable flatware, packaging, and adhesives. In addition to manufacturing, Danimer provides research and development and toll manufacturing services, catering to a global clientele committed to environmentally friendly solutions.

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.

Alpen High Performance Products

Grant in 2024
Alpen High Performance Products is a manufacturer based in Louisville, Colorado, specializing in super-insulating, thermally efficient windows and architectural glass for both residential and commercial applications. With over three decades of experience, the company incorporates advanced lightweight, suspended-film technology in its products. Alpen's offerings include insulating glass units that provide solutions for blocking summer heat, retaining winter warmth, filtering harmful ultraviolet rays, and enhancing natural daylight, thereby improving the comfort and durability of buildings. The company serves various markets, including architectural and original equipment manufacturers (OEM), focusing on the production and commercialization of high-performance glazing solutions.

Solugen

Debt Financing in 2024
Solugen, Inc. is a specialty chemicals company based in Houston, Texas, that focuses on producing industrial chemicals through industrial biotechnology and green chemistry. Founded in 2016, Solugen develops a range of environmentally friendly products, including BioPeroxide, a carbon-negative hydrogen peroxide, and BioChelate, a biodegradable chelant. The company also offers ScavSol, a multivalent metal sequestrant for energy applications; ScaleSol, an alternative to phosphonates for scale control; and CorrSol, a corrosion and fouling control product. By utilizing fermentation and enzymatic technology to convert plant sugars into chemicals, Solugen aims to replace petroleum-based products with plant-derived alternatives. Its innovative solutions are designed to benefit various industries, including agriculture, cleaning, energy, and water, while also addressing critical issues such as clean water, sustainable materials, and healthier personal care products.

Commonwealth Fusion Systems

Grant in 2024
Commonwealth Fusion Systems LLC is a research and development company focused on advancing fusion energy technology to provide an inexhaustible power source. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes rare-earth barium copper oxide superconductor technology to create fusion energy systems. Commonwealth Fusion Systems was spun out of the Massachusetts Institute of Technology (MIT) and collaborates with MIT’s Plasma Science and Fusion Center to leverage decades of government-funded fusion research. By integrating established physics with innovative magnet technology, the company aims to accelerate the commercialization of fusion energy, positioning itself as a key player in the transition to clean and renewable energy sources while addressing climate change challenges.

Swift Solar

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

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.

Avium

Grant in 2024
Avium develops fuels and chemicals from CO2, water, and renewable energy. The company was founded in 2017 and is based in Lawrence, Kansas.

Verde Clean Fuels

Grant in 2024
Verde Clean Fuels is a renewable energy company focused on converting synthesis gas, or syngas, into liquid hydrocarbons suitable for gasoline production. The syngas is sourced from a variety of feedstocks, including biomass, municipal solid waste (MSW), mixed plastics, and natural gas, including synthetic natural gas. Utilizing a proprietary technology known as the STG process, Verde Clean Fuels aims to provide sustainable fuel solutions that contribute to reducing reliance on fossil fuels and promoting cleaner energy alternatives.

Technip Energies

Grant in 2024
Technip Energies offer innovative solutions from A to Z through cutting-edge technologies, unique design, leading engineering capabilities, construction expertise, and equipment for the energy market. The company has a demonstrated track record in green projects, including hydrogen and biofuels; energy infrastructure both onshore and offshore (LNG, downstream, sustainable chemistry, hydrogen, CO2 management and marine infrastructure.

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.

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.

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.

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.

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.

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.

HighT-Tech

Grant in 2024
HighT-Tech is an electric heating company focused on developing clean technologies aimed at promoting sustainability. The company serves various sectors, including chemical, energy, transportation, and environmental industries. It specializes in high-temperature synthesis, addressing limitations in synthesis, and creating high-performance membranes. Additionally, HighT-Tech is involved in battery technologies and materials discovery through rapid sintering processes. By innovating electrified heating solutions, the company seeks to contribute to a more sustainable future across multiple industries.

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.

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.

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.

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.

RiKarbon

Grant in 2024
RiKarbon is a green-tech company focused on creating renewable products by utilizing captured carbon emissions and minimizing waste through innovative technologies. It develops sustainable lubricants from plant scraps, natural feedstocks, and oils, providing renewable alternatives to petroleum-based resources. These products serve both domestic and international markets in specialty and performance chemicals, finding applications in skin lotions, sunscreens, food processing, and hydropower production. By enhancing economic value and promoting energy security, RiKarbon aims to reduce carbon emissions and contribute to a more sustainable future.

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.

BiaTech

Grant in 2024
BiaTech Corporation is focused on advancing digital technology to support energy and industrial decarbonization. The company recognizes the critical importance of energy, chemistry, and material science in addressing environmental challenges. By partnering with industry leaders, BiaTech leverages artificial intelligence, machine learning, simulation, and distributed ledger technologies to tackle decarbonization issues. These innovations enable clients to reduce their carbon footprint and progress towards sustainability objectives.

Nanosonic

Grant in 2024
Nanosonic is engaged in the development and manufacture of innovative materials and devices, primarily focusing on environmentally friendly processes and techniques. The company specializes in designing unique materials and provides research and development services to other organizations, emphasizing support for prototyping and commercialization efforts. Through its expertise, Nanosonic aims to create solutions that meet modern environmental standards while advancing technological capabilities.

Hermes Biomaterials

Grant in 2024
Hermes Biomaterials provides cutting-edge technology solutions to improve gene editing and transformation in plant cells. It focuses on biolistic delivery and offers new devices and solutions to dramatically increase delivery efficiency, resulting in superior seeds and biofuel crop

GreenPath Systems

Grant in 2024
GreenPath Systems is a technology company focused on developing innovative solutions in the low-carbon and green energy sectors. The company specializes in geothermal technologies aimed at reducing the carbon footprint of buildings. Its research and development efforts concentrate on advanced systems for geothermal well completion, as well as providing training and educational resources related to the renewable energy industry. By prioritizing clean and renewable energy, GreenPath Systems contributes to the advancement of sustainable practices in the geothermal energy sector.

Alpen High Performance Products

Grant in 2023
Alpen High Performance Products is a manufacturer based in Louisville, Colorado, specializing in super-insulating, thermally efficient windows and architectural glass for both residential and commercial applications. With over three decades of experience, the company incorporates advanced lightweight, suspended-film technology in its products. Alpen's offerings include insulating glass units that provide solutions for blocking summer heat, retaining winter warmth, filtering harmful ultraviolet rays, and enhancing natural daylight, thereby improving the comfort and durability of buildings. The company serves various markets, including architectural and original equipment manufacturers (OEM), focusing on the production and commercialization of high-performance glazing solutions.

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.

Brechtel

Grant in 2023
Brechtel provides data that helps reduce the impacts of climate change and improve its quality. They design and manufacture aerosol measurement products for sizing, counting, and determining the chemical composition of nanoparticles.

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.

TS-Nano Sealants

Grant in 2023
TS-Nano Sealants is a service-oriented company specializing in the design, manufacture, and application of polymer nanocomposite sealants. The company's patented technology focuses on subsurface sealing to reduce methane and CO2 emissions, contributing to climate change mitigation. TS-Nano Sealants offers a comprehensive range of services, including design, manufacturing, supply, and field engineering, to ensure effective application of their products. The sealants are engineered for high durability and penetration, allowing them to perform effectively under various temperature, pressure, and chemical exposure conditions, thereby helping clients to address and prevent challenging leaks.

GreenPath Systems

Grant in 2023
GreenPath Systems is a technology company focused on developing innovative solutions in the low-carbon and green energy sectors. The company specializes in geothermal technologies aimed at reducing the carbon footprint of buildings. Its research and development efforts concentrate on advanced systems for geothermal well completion, as well as providing training and educational resources related to the renewable energy industry. By prioritizing clean and renewable energy, GreenPath Systems contributes to the advancement of sustainable practices in the geothermal energy sector.

Xcimer

Grant in 2023
Xcimer Energy is a California-based company focused on developing laser-driven fusion technology to generate affordable, carbon-free energy. Founded in 2021 and headquartered in Redwood City, it aims to transform the energy sector by integrating low-cost excimer laser technology with the HYLIFE reaction chamber concept. This innovative approach is designed to create a scalable Inertial Fusion Energy system that addresses longstanding challenges in achieving viable fusion power. By utilizing the only experimentally proven controlled fusion reaction, Xcimer Energy seeks to enable efficient electrical power generation, contributing to a more sustainable energy future.

LuxWall

Grant in 2023
LuxWall is a building materials company that pioneers the design and manufacture of vacuum-insulated glass. LuxWall produces glass that acts as transparent insulation, providing thermal insulation values comparable to fiberglass wall insulation. With widespread adoption, LuxWall's patented technology has the potential to reduce global carbon emissions by more than 0.5 gigatonnes per year. The company was founded in 2020 and is headquartered in Ypsilanti, Michigan, United States.

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.

Zymochem

Grant in 2023
ZymoChem, Inc. is a biotechnology company based in Emeryville, California, founded in 2013. It specializes in the development of eco-friendly chemicals and bioprocesses using engineered microbes to convert renewable feedstocks, such as sugars, into industrial chemicals. The company’s bio-manufacturing platform aims to produce bio-based materials while minimizing carbon emissions during production, thereby supporting a carbon-efficient economy. By establishing cost-effective bioprocesses and novel biosynthetic pathways, ZymoChem enables clients to reduce production costs and enhance their competitiveness in the market. Through its innovative approach, the company contributes to sustainable manufacturing practices and the advancement of a real-zero economy.

Crossville

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

C-Crete Technologies

Grant in 2023
C-Crete Technologies is a pioneering company specializing in the development and commercialization of innovative materials and technologies. They focus on driving advancements in energy, environment, materials, construction, and infrastructure sectors. By integrating expertise in materials science, nanotechnology, multiscale computations, and predictive analytics, C-Crete is creating next-generation solutions for a low-carbon, energy-efficient world. Their flagship innovation is a nanoengineered cement that significantly reduces CO2 emissions and transforms abundant, non-carbonate rocks into cementitious binders, offering substantial energy savings, affordability, and flexibility, while maintaining high performance and user comfort.

Argonne National Laboratory

Grant in 2023
Argonne is a multidisciplinary science and engineering research center, where “dream teams” of world-class researchers work alongside experts from industry, academia and other government laboratories to address vital national challenges in clean energy, environment, technology and national security. Through collaborations with researchers here at Argonne and around the world, they strive to discover new ways to develop energy innovations through science, create novel materials molecule-by-molecule, and gain a deeper understanding of their planet, their climate and the cosmos. Surrounded by the highest concentration of top-tier research organizations in the world, Argonne leverages its Chicago-area location to lead discovery and to power innovation in a wide range of core scientific capabilities, from high-energy physics and materials science to structural biology and advanced computer science. Embracing the nation’s greatest challenges, Argonne’s world-renowned scientists and engineers conduct pioneering research that advances America’s scientific excellence and leadership and helps pave the way to a secure nation with a plentiful supply of safe, sustainable energy, a healthy environment, and a competitive economy. They pursue big, ambitious ideas that redefine what is possible. Their pursuit of groundbreaking discoveries pushes the boundaries of fundamental science, applied science and engineering to solve complex challenges and develop useful technologies that can transform the marketplace and change the world. A center for world-class discovery and scientific excellence, their diverse and dynamic research agenda spans 15 scientific divisions, 14 centers, and six national user facilities. This rich scientific environment provides their researchers – and those who visit us from all corners of the globe – with an extraordinary range of cutting-edge facilities and scientific tools that support in-depth research, drive technological breakthroughs, and improve their nation’s competitiveness and quality of life. Argonne is managed by UChicago Argonne, LLC, for the U.S. Department of Energy's Office of Science

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.

Arctura

Grant in 2023
Arctura is focused on advancing sustainable energy solutions, particularly in the wind energy sector. The company develops innovative technologies aimed at enhancing the efficiency and profitability of renewable energy plants. Their solutions address significant challenges in the industry, such as reducing costs associated with lightning damage, minimizing losses from underperforming wind assets, and mitigating the risks of curtailment. Additionally, Arctura has created a green nitric acid technology that synthesizes nitric acid using air, water, and renewable electricity. This innovation not only provides clients with affordable energy options but also contributes to lowering the carbon footprint of various industries, while supporting local energy demands from wind and solar sources.

Teraton

Grant in 2023
Teraton provides technical and strategic advice to climate entrepreneurs and investors.

C-Crete Technologies

Grant in 2023
C-Crete Technologies is a pioneering company specializing in the development and commercialization of innovative materials and technologies. They focus on driving advancements in energy, environment, materials, construction, and infrastructure sectors. By integrating expertise in materials science, nanotechnology, multiscale computations, and predictive analytics, C-Crete is creating next-generation solutions for a low-carbon, energy-efficient world. Their flagship innovation is a nanoengineered cement that significantly reduces CO2 emissions and transforms abundant, non-carbonate rocks into cementitious binders, offering substantial energy savings, affordability, and flexibility, while maintaining high performance and user comfort.

Eos

Debt Financing in 2023
Eos develops innovative, low-cost energy storage solutions for the electric utility, solar, and C&I industries. Its battery solutions ensure renewables are as reliable and competitive as the market expects and sustainable as the world needs.

1PointFive

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

Illinois Green Alliance

Grant in 2023
Illinois Green Alliance is to advance communities and structures that provide people with greener, brighter, healthier places to live, work, and study.

Blue Biofuels

Grant in 2023
Blue Biofuels is a technology company focused on renewable energy and biofuels. It has developed an innovative process called Cellulose-to-Sugar 2.0 (CTS 2.0), which utilizes a mechanical and chemical dry method to convert a variety of cellulosic feedstocks—such as grasses, wood, paper, and agricultural waste—into sugar and lignin. These products are essential for creating biofuels, biodegradable plastics, and other specialty materials. The company aims to contribute to a more sustainable future by producing renewable fuels and environmentally friendly products through a CO2-neutral process, emphasizing the use of plant-based materials.

Alpha Nur

Grant in 2023
Alpha Nur is a nuclear energy company focused on recycling spent nuclear fuel, addressing long-term storage issues and reducing reliance on foreign uranium supplies. By developing innovative and environmentally friendly technologies in partnership with leading national laboratories, Alpha Nur aims to convert high-grade nuclear waste into mid-grade nuclear fuel. This approach not only enhances energy security for critical operations but also contributes to sustainable energy management. The company's efforts support the advancement of next-generation nuclear plants, positioning Alpha Nur as a key player in the transition towards clean and reliable energy solutions.

NexGen Power Systems

Grant in 2023
NexGen Power Systems, Inc., founded in 2017 and based in Santa Clara, California, specializes in developing and manufacturing advanced vertical power semiconductor devices using homoepitaxial gallium nitride (GaN) layers on bulk GaN substrates. The company is focused on reinventing power electronics through its innovative NexGen Vertical GaN™ technology, which enhances the efficiency and reliability of power conversion systems. This technology leads to significant reductions in cost, size, and weight of energy systems, positioning NexGen as a leader in providing compact and efficient solutions for various applications in the power electronics sector.

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.

Commonwealth Fusion Systems

Grant in 2023
Commonwealth Fusion Systems LLC is a research and development company focused on advancing fusion energy technology to provide an inexhaustible power source. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes rare-earth barium copper oxide superconductor technology to create fusion energy systems. Commonwealth Fusion Systems was spun out of the Massachusetts Institute of Technology (MIT) and collaborates with MIT’s Plasma Science and Fusion Center to leverage decades of government-funded fusion research. By integrating established physics with innovative magnet technology, the company aims to accelerate the commercialization of fusion energy, positioning itself as a key player in the transition to clean and renewable energy sources while addressing climate change challenges.

Xcimer

Grant in 2023
Xcimer Energy is a California-based company focused on developing laser-driven fusion technology to generate affordable, carbon-free energy. Founded in 2021 and headquartered in Redwood City, it aims to transform the energy sector by integrating low-cost excimer laser technology with the HYLIFE reaction chamber concept. This innovative approach is designed to create a scalable Inertial Fusion Energy system that addresses longstanding challenges in achieving viable fusion power. By utilizing the only experimentally proven controlled fusion reaction, Xcimer Energy seeks to enable efficient electrical power generation, contributing to a more sustainable energy future.

Carbon America

Grant in 2023
Carbon America is a developer of carbon capture and sequestration (CCS) technology aimed at significantly reducing carbon dioxide emissions. The company focuses on capturing and sequestering large volumes of carbon dioxide from industrial sources, utilizing a multi-strategy approach that emphasizes cost efficiency and rapid deployment. By combining a team of skilled engineers, developers, and financiers, Carbon America operates as a vertically integrated entity designed to scale effectively. This innovative approach not only enhances the efficiency of CCS processes but also positions the company as a leader in the effort to combat global warming by providing solutions that are both effective and economically viable for its clients.

Planted Solar

Venture Round in 2023
Planted Solar is a developer focused on transforming the solar power landscape through an innovative platform that enhances the design and installation of solar power plants. By leveraging development software and construction robots, the company creates high-density, all-terrain power plants on land that was previously deemed unsuitable for solar energy production. This approach allows Planted Solar to generate twice the energy per acre and complete projects three times faster than traditional methods. The company aims to empower businesses and corporations to manage their energy consumption more efficiently, contributing to a cleaner and more sustainable energy future. Backed by prominent investors such as Breakthrough Energy Ventures and Khosla Ventures, Planted Solar is dedicated to accelerating the deployment of solar energy solutions globally.

PORTABLE SOLAR

Grant in 2023
Portable Solar produces thermoplastics technology to produce PV panel mounting systems that replace traditional racking systems.

Creekside Environmental Products

Grant in 2023
Creekside Environmental Products specializes in the manufacture of environmentally friendly solutions for a range of industries, such as food, beverage, and personal care. The company's offerings include products designed for applications like water quality monitoring, soil testing, and air pollution analysis. By providing these tools, Creekside Environmental Products aids businesses in minimizing their environmental impact, supporting sustainability efforts across various sectors.
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