US Department of Energy is a government agency that regulates energy policy, research, and development. The Energy Department's mission is to ensure America’s security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions.
EnerSys is the global leader in stored energy solutions for industrial applications. We manufacture and distribute reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Motive power batteries and chargers are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including medical, aerospace and defense systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. EnerSys also provides aftermarket and customer support services to customers from over 100 countries through our sales and manufacturing locations around the world. Our reserve power batteries are marketed and sold principally under the PowerSafe, DataSafe, Hawker, Genesis, ODYSSEY and CYCLON brands. Our motive power batteries are marketed and sold principally under the Hawker, IRONCLAD, General Battery, Fiamm Motive Power, Uranio, Oldham and Express brands. We also manufacture and sell related direct current—DC—power products including chargers, electronic power equipment and a wide variety of battery accessories. Our battery products span a broad range of sizes, configurations and electrical capabilities, enabling us to meet a wide variety of customer applications. EnerSys maintains its leadership position by providing customers with world-class products and services, achieved through total employee involvement, teamwork, and supplier partnerships. Exceeding our customers' expectations and supplying the highest quality products and services are paramount at EnerSys. This belief is the foundation that helps shape the company's vision for progress and allows our customers to achieve their goals.
Hyliion
Grant in 2024
Hyliion is an innovative company based in Austin, Texas, specializing in electrified solutions for the commercial vehicle industry and other sectors. The company focuses on reducing carbon intensity and greenhouse gas emissions by providing efficient electrified powertrain solutions for Class 8 commercial vehicles. Among its offerings are the Hybrid system and the Hypertruck ERX system, designed to minimize the total cost of ownership for fleet operators. In addition to its work in transportation, Hyliion is developing distributed power generators that can utilize multiple fuel sources, addressing the need for flexible and sustainable electricity production. Their KARNO generator employs a fuel-agnostic approach and features a unique linear heat generator architecture, catering to both stationary and mobile applications. Through these advancements, Hyliion aims to contribute positively to the energy economy while offering practical solutions for a cleaner future.
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.
General Motors
Grant in 2024
General Motors Company, based in Detroit, Michigan, is a leading global automaker engaged in the manufacture and sale of a diverse range of vehicles, including cars, trucks, sedans, crossovers, and hybrid models. The company operates in various markets, including the United States, China, Brazil, Germany, the United Kingdom, Canada, and Italy, and offers its products through a network of dealers and distributors. GM also provides parts and accessories, as well as vehicle safety and information services through its OnStar subsidiary. Following its emergence from bankruptcy in 2009, GM streamlined its brand portfolio and has since regained its market share leadership in the U.S. automotive sector. The company operates under four segments: GM North America, GM International, Cruise, and GM Financial. GM's Cruise division focuses on autonomous vehicle technology and has conducted pilot services in select urban areas. With a strong emphasis on innovation and sustainability, General Motors is committed to advancing mobility solutions while maintaining its position as one of the world's largest automakers.
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.
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.
Infinitum
Grant in 2024
Infinitum focuses on developing advanced electric motors that prioritize sustainability and efficiency. The company utilizes patented printed circuit board stator technology to create lightweight motors that replace traditional iron and copper components, significantly enhancing motor efficiency while reducing costs. Infinitum's designs aim to provide end users with a smaller, lighter, and quieter alternative to conventional motors, ultimately contributing to a reduced carbon footprint throughout the motor's lifecycle. By offering innovative solutions, Infinitum is committed to making a meaningful impact on both the environment and the performance needs of its clients.
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.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
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.
Resonant Link
Grant in 2024
Resonant Link LLC, founded in 2017 and based in Shelburne, Vermont, specializes in the development of advanced wireless charging solutions utilizing innovative coil technology. The company's signature product, the multi-layer self-resonant structure (MSRS), enhances the efficiency and performance of wireless power systems. Serving diverse industries including robotics, drones, and electric vehicles, Resonant Link aims to deliver wireless power solutions that are fast, safe, and reliable. By eliminating costly components found in traditional wireless chargers, Resonant Link's technology not only improves efficiency but also reduces the size, weight, and overall cost of charging systems. This enables a wide range of applications, from large industrial vehicles to compact medical devices.
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.
General Motors
Grant in 2024
General Motors Company, based in Detroit, Michigan, is a leading global automaker engaged in the manufacture and sale of a diverse range of vehicles, including cars, trucks, sedans, crossovers, and hybrid models. The company operates in various markets, including the United States, China, Brazil, Germany, the United Kingdom, Canada, and Italy, and offers its products through a network of dealers and distributors. GM also provides parts and accessories, as well as vehicle safety and information services through its OnStar subsidiary. Following its emergence from bankruptcy in 2009, GM streamlined its brand portfolio and has since regained its market share leadership in the U.S. automotive sector. The company operates under four segments: GM North America, GM International, Cruise, and GM Financial. GM's Cruise division focuses on autonomous vehicle technology and has conducted pilot services in select urban areas. With a strong emphasis on innovation and sustainability, General Motors is committed to advancing mobility solutions while maintaining its position as one of the world's largest automakers.
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.
Ion Storage Systems
Grant in 2024
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
Plug Power
Post in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
Moment Energy
Grant in 2024
Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
NEL Hydrogen
Grant in 2024
NEL Hydrogen provides solutions that allow people and businesses to generate, store, and distribute hydrogen from renewable energy. It supplies energy-efficient hydrogen solutions for industrial applications, hydrogen fuelling stations, and distributed energy systems worldwide. NEL Hydrogen is a Norwegian company based in Norway and has also been known as Norsk Hydro Electrolysers (NHEL) and Hydrogen Technologies.
Lyten
Grant in 2024
Lyten is an advanced materials company focused on developing low-carbon products and technologies. By capturing carbon from methane, Lyten transforms it into 3D Graphene, a versatile supermaterial that underpins its innovations aimed at decarbonization. The company is working on advanced lithium-sulfur batteries suitable for automotive, aerospace, and defense applications, enhancing electric vehicle performance with improved energy density, safety, and fast charging capabilities. Additionally, Lyten is developing a polymer composite that can reduce plastic usage by up to 50% while maintaining structural integrity and impact resistance. The company is also advancing next-generation sensors designed for automotive, industrial, health, and safety sectors, which boast significantly improved detection sensitivity and selectivity.
United States Advanced Battery Consortium
Grant in 2024
United States Advanced Battery Consortium LLC is an organization made up of Chrysler Group LLC, Ford Motor Company and General Motors. The Organization is made up to develop a self contained, thermally-managed, lithium-ion battery pack system for plug-in hybrid electric vehicle applications.
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.
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.
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.
Ford Motor Company
Debt Financing in 2023
Ford Motor Company is a prominent automobile manufacturer based in Dearborn, Michigan, founded by Henry Ford in 1903. The company produces a diverse range of vehicles, including cars, trucks, buses, and tractors, and sells them through dealerships for both retail and fleet customers, including government and rental agencies. In addition to manufacturing, Ford offers various automotive financing products through its subsidiary, Ford Motor Credit Company. These financial services include retail installment sale contracts, direct financing leases for new vehicles, and wholesale loans to dealerships for inventory purchases and facility improvements. Ford also provides insurance products, including coverage for vehicles in transit and extended service contracts. The company is committed to environmental sustainability and has initiated efforts in alternative fuel technologies, including electric and hydrogen-powered vehicles.
BlueOval SK
Debt Financing in 2023
BlueOval SK is a joint venture between Ford Motor Company and SK On, focused on producing advanced battery cells for the electric vehicle (EV) market. The company aims to establish a comprehensive automotive manufacturing ecosystem by developing high-quality rechargeable batteries specifically tailored for the automotive industry. Through this collaboration, BlueOval SK seeks to enhance the supply chain for EV production and support the growing demand for sustainable transportation solutions.
KORE Power
Debt Financing in 2023
KORE Power, founded in 2018 and based in Coeur d'Alene, Idaho, specializes in manufacturing and developing battery cell technology for the energy storage and electric transportation sectors. The company produces energy storage systems, proprietary nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) cells, as well as vehicle design and assembly (VDA) modules and packs. KORE Power serves a diverse range of markets, including e-mobility, utilities, industrial applications, and mission-critical sectors. By focusing on advanced energy storage solutions, KORE Power aims to foster sustainable communities and contribute to green economic growth.
Arbor Batteries
Grant in 2023
Arbor Batteries is a developer of lithium-ion (Li-ion) batteries designed to support fast low-temperature charging and discharging.
EnPower
Grant in 2023
EnPower, Inc. is a manufacturer of lithium-ion battery cells and packs, primarily focused on applications in electric mobility, including electric vehicles, industrial robotics, and satellites. Founded in 2014 and based in Phoenix, Arizona, the company utilizes patented multi-layer electrode architectures that enhance battery performance by significantly improving charging rates and power output while maintaining service life. This technology addresses the traditional trade-off between energy density and power, allowing for faster charging and higher power generation. EnPower aims to license its scalable technology to automotive original equipment manufacturers and global cell manufacturers, facilitating rapid commercialization in the growing electric vehicle market. The company operates a pilot manufacturing facility capable of producing stacked pouch cells, supporting rapid prototyping and development of advanced battery solutions.
Alpha-En
Grant in 2023
Alpha-En Corporation is a development stage company based in Yonkers, New York, founded in 1969. The company specializes in the development of innovative technologies for manufacturing high purity lithium metal, a vital component for lightweight and high energy density batteries. Alpha-En focuses on creating battery components and lithium compounds while prioritizing environmentally sustainable practices. The company has pioneered a production process that allows for the manufacture of lithium metal at room temperature using clean technology, minimizing environmental impact. As it seeks to advance next-generation battery technologies, Alpha-En aims to deliver its products in a cost-effective manner, contributing to the growing demand for sustainable energy solutions.
Ion Storage Systems
Grant in 2023
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
HiT Nano
Grant in 2023
HiT Nano is a spin-off from Princeton University focused on the commercialization and large-scale production of sustainable, low-cost lithium-ion battery cathode materials. The company develops and manufactures a range of energy storage materials specifically designed for rechargeable batteries, electric vehicles, and energy storage applications. In addition to cathode and anode materials, HiT Nano also produces materials for thermochemical energy storage, optical imaging, remote sensing, and catalysis. Through innovative chemical synthesis processes, the company aims to help other firms generate materials at a reduced cost while minimizing environmental impact.
RockeTruck
Grant in 2023
RockeTruck combines the best vehicle electrification technologies and truck designs to deliver the Worlds most efficient and reliable electric truck.
DayLyte Batteries
Grant in 2023
DayLyte Batteries is commercializing a Metal-air (M-Air) battery to increase battery energy density, cut weight in half, and reduce costs by utilizing abundant materials to release renewable energy on demand, double the range, and reduce costs of electric vehicles while enabling drone delivery and electric air taxis to take our packages, and us, wherever we want.
Redwood Materials
Debt Financing in 2023
Redwood Materials, Inc. specializes in the development of innovative recycling processes aimed at creating circular supply chains for lithium-ion batteries and other electronic products. Founded by JB Straubel and based in Carson City, Nevada, the company focuses on recovering valuable materials such as lithium, nickel, copper, cobalt, and other metals from end-of-life batteries and electronics. Redwood receives approximately 10 GWh of batteries annually for recycling, which are refined and remanufactured into essential anode and cathode materials. The company is actively working to scale its production capacity to 100 GWh annually by 2025, sufficient to produce over one million electric vehicles each year. By emphasizing sustainable practices, Redwood Materials aims to reduce the environmental impact of battery production and support the growth of the electric vehicle and renewable energy storage markets.
Tyfast
Grant in 2023
Tyfast is a company focused on producing renewable energy and developing advanced lithium batteries. Its primary goal is to address the challenges associated with battery range, cycle life limitations, and charging safety. By creating innovative anodes and energy storage solutions, Tyfast provides clients with enhanced lithium transport and cycling stability, allowing for fast charging and extended battery life.
Zeta Energy
Grant in 2023
Zeta Energy, founded in 2014, focuses on developing and commercializing safe, high-performance rechargeable batteries that are both cost-effective and sustainably produced. The company has created a lithium-sulfur battery system featuring proprietary anode and cathode technologies, which offer significantly higher energy density compared to existing anode chemistries while avoiding the dendrite issues associated with lithium metal. Zeta Energy's innovations aim to address climate change and promote energy democratization by providing long-lasting and affordable rechargeable batteries that do not contain cobalt, zinc, nickel, or manganese. With a management team boasting over 100 years of combined experience in technology development and commercialization, Zeta has filed more than thirty patents to protect its advancements in battery technology.
South 8 Technologies
Grant in 2023
South 8 Technologies, Inc. is a manufacturer based in San Diego, California, specializing in advanced lithium batteries and electrochemical capacitors that utilize a unique liquefied gas electrolyte known as LiGas®. Founded in 2015, the company addresses key issues associated with traditional lithium-ion batteries, particularly their susceptibility to fire and performance limitations in extreme temperatures. LiGas technology enhances energy density and safety, allowing batteries to operate effectively within a temperature range of -60 to 60 °C. This innovation serves a diverse array of applications, including electric vehicles, energy storage, aerospace, and defense industries, by providing improved performance and reduced flammability compared to conventional materials. South 8 has developed its first battery cell, the Arctic™ LiGas 18650, and is actively working on additional battery chemistries. The company holds 23 patents across multiple jurisdictions, with a customer base that includes cell manufacturers and end-users, supported by various investors in the technology and automotive sectors.
24M
Grant in 2023
24M Technologies specializes in the development of energy storage systems for both grid and transportation applications. The company focuses on manufacturing lithium-ion batteries that enhance the operational reliability, economics, and efficiency of electric power systems. Its innovative approach features binder-free semisolid electrodes and unit cells, which not only improve battery performance but also eliminate the need for traditional hydro or pyrometallurgical processes in battery recycling. Additionally, 24M facilitates direct in-plant reuse of active materials at the end of a battery's life, contributing to more sustainable recycling practices and enabling clients to increase efficiency and reduce costs.
Imagen Energy
Grant in 2022
Imagen Energy specializes in providing innovative energy solutions focused on enhancing energy efficiency and reliability. The company develops compact and highly efficient energy systems, including advanced electric vehicle (EV) fast charging equipment manufactured in the United States. These chargers are designed to optimize limited grid power availability at public and fleet charging locations, making them particularly suitable for urban areas with constrained investment in EV infrastructure. In addition to EV charging solutions, Imagen Energy offers solar energy solutions, encompassing solar panel installations, battery storage systems, and monitoring tools. These products enable both businesses and homeowners to harness clean electricity, store surplus solar energy, and increase energy independence while reducing dependence on traditional power grids.
CorePower Magnetics
Grant in 2022
CorePower Magnetics specializes in the manufacturing of electric components utilizing advanced magnetic core technology aimed at enhancing efficiency and power density. The company focuses on developing power-dense soft magnetics through innovative materials and advanced manufacturing techniques. This approach yields significant reductions in weight and volume, as well as decreased energy losses, all without relying on rare-earth metals. As a result, CorePower Magnetics' components offer improved current capabilities, extended ranges for electric vehicles, and longer lifespans for various applications. The company's commitment to optimizing magnetic core features addresses critical limitations in power electronics and power conversion systems, contributing to advancements in the electrification of transportation, energy efficiency, and grid modernization.
Ampaire
Grant in 2022
Ampaire Inc. is a company that designs and develops electric-powered commercial aircraft, aimed at making aviation cleaner, quieter, and more accessible. Founded in 2016 and headquartered in Hawthorne, California, Ampaire focuses on innovative solutions in energy storage, propulsion, and aircraft architecture. Their custom propulsion systems are scalable, allowing for various aircraft sizes while significantly reducing operational costs and minimizing carbon emissions. As a portfolio company of the Los Angeles Cleantech Incubator, Ampaire is committed to addressing climate change through low-emission aviation technologies, enhancing the efficiency and sustainability of air travel.
Princeton NuEnergy
Grant in 2022
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.
American Battery Technology Company
Grant in 2022
American Battery Technology Company focuses on the sustainable and ethical sourcing of critical battery materials essential for powering electric vehicles, grid storage, and consumer electronics. The company specializes in lithium-ion battery recycling, extraction of battery metals, and the development of primary mineral resources. By employing closed-loop and clean energy technologies, it aims to produce low-cost battery metals while promoting environmental stewardship in the battery supply chain.
RePurpose Energy
Grant in 2022
RePurpose Energy specializes in the development of sustainable energy storage systems utilizing repurposed electric vehicle batteries. By converting battery waste into valuable resources, the company enhances the resilience and sustainability of battery supply chains while supporting the global shift towards renewable energy. RePurpose Energy's innovative approach includes bundling reused EV batteries with advanced hardware and software solutions that monitor and manage various parameters such as temperature and charge levels. This enables clients to effectively address the complexities associated with second-life energy storage, ultimately contributing to a more sustainable energy landscape.
American Battery Technology Company
Grant in 2022
American Battery Technology Company focuses on the sustainable and ethical sourcing of critical battery materials essential for powering electric vehicles, grid storage, and consumer electronics. The company specializes in lithium-ion battery recycling, extraction of battery metals, and the development of primary mineral resources. By employing closed-loop and clean energy technologies, it aims to produce low-cost battery metals while promoting environmental stewardship in the battery supply chain.
NOVONIX
Grant in 2022
NOVONIX is a company based in Dartmouth, Canada, that specializes in advanced battery materials and technology. Founded in 2013, it develops high-performance synthetic graphite anode materials for lithium-ion batteries, which are essential for electric vehicles, personal electronics, and energy storage applications. The company also offers high precision chargers and battery testing equipment, focusing on the accurate measurement of coulombic efficiency. In addition to equipment sales, NOVONIX provides comprehensive testing services to support clients in their research and development efforts within the battery industry. As a subsidiary of Graphitecorp Limited since 2017, NOVONIX plays a significant role in advancing battery technology for a more electrified future.
Talon Metals Corp
Grant in 2022
Talon Metals is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project. The company focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101, identifying additional high-grade nickel mineralization, and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry.
Lilac Solutions
Grant in 2022
Lilac Solutions, Inc. is a mining technology company focused on lithium extraction, providing innovative technology and services to lithium producers. The company specializes in ion exchange beads and continuous brine processing systems, which enable the efficient production of high-purity lithium solutions from various brine resources. This technology, grounded in ion-exchange theory, allows lithium producers to enhance project development, improve lithium recovery rates, and optimize operational efficiency while also minimizing costs and environmental impact. Lilac Solutions serves industries such as electric vehicles and renewable energy storage. Incorporated in 2015, the company is headquartered in Oakland, California.
Microvast
Grant in 2022
Microvast is a technology company that specializes in the design, development, and manufacturing of lithium-ion battery solutions, particularly for electric vehicles. Founded in 2006 and based in Huzhou, China, the company also has offices in the United States, Europe, the Middle East, and Africa. Microvast is recognized for its advanced cell technology and its ability to integrate the entire production process, from raw materials to final battery assembly. This vertical integration allows the company to offer a range of products, including ultra-fast charging, long-life battery power systems, lithium-ion battery materials, and battery systems for hybrid-electric vehicles, all designed with a focus on safety and performance.
Amprius
Grant in 2022
Amprius, Inc. is a manufacturer and distributor of lithium-ion batteries, primarily serving the aerospace, defense, and electric vehicle industries. Founded in 2008 and based in Fremont, California, the company leverages silicon anode technology initially developed at Stanford University. This innovative technology significantly enhances the energy density and specific energy of lithium-ion batteries, positioning Amprius as a leader in the development of advanced battery solutions. The company has garnered support from various investors, including notable venture capital firms and individuals, which underscores its potential in the growing battery market.
Albemarle
Grant in 2022
Albemarle Corporation is a prominent developer, manufacturer, and marketer of specialty chemicals, serving diverse end markets such as petroleum refining, consumer electronics, plastics, construction, automotive, pharmaceuticals, and agriculture. The company operates in three main segments: Polymer Solutions, Catalysts, and Fine Chemistry, and has established a global presence with 50 facilities across North and South America, Europe, the Middle East, Asia, Africa, and Australia. Albemarle is recognized as one of the largest lithium producers in the world, primarily supplying lithium for battery applications, particularly in electric vehicles. Its integrated lithium production includes upstream resources from salt brine deposits and hard rock mines, along with lithium refining plants located in multiple countries. In addition to its lithium operations, Albemarle is a leading producer of bromine, widely used in flame retardants, and oil refining catalysts, catering to approximately 3,000 customers in over 100 countries.
Group14 Technologies
Grant in 2022
Group14 Technologies, Inc. is a leading manufacturer and supplier of advanced silicon battery technology, primarily serving the electric vehicle and consumer electronics industries. Founded in 2015 and headquartered in Woodinville, Washington, the company specializes in engineered carbon materials and battery active materials that enhance the performance of lithium-ion batteries. These innovations allow clients to achieve significantly higher lithium capacity while ensuring safety and extended cycle life. Group14 collaborates with customers representing a substantial portion of global battery production and is expanding its operations with joint ventures and new factories worldwide to meet the growing demand for advanced battery materials.
Sila
Grant in 2022
Sila is a battery materials company founded in 2011 and headquartered in California, United States. It specializes in manufacturing energy-dense lithium-ion batteries designed for electric vehicles and consumer electronics. Sila collaborates with automotive original equipment manufacturers (OEMs) to accelerate product development and partners with battery manufacturers to enhance commercial cell production. The company focuses on providing advanced battery materials that improve energy storage capabilities, enabling the production of small, light, and long-lasting devices. By offering superior performance and quality control, Sila aims to facilitate the mass adoption of affordable, long-range electric vehicles while maintaining safety and cycle life standards.
Ampcera
Grant in 2022
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
Titan Advanced Energy Solutions
Grant in 2021
Titan Advanced Energy Solutions (Titan) develops advanced battery management systems for lithium-ion batteries (LiB).Their patented ultrasound technology provides over 99% SoH/SoC accuracy over the life of the battery. The benefits of this dramatically improved accuracy are significant: at least 20% increase in charge capacity and 125% increase in battery life. The technology also provides unprecedented safety monitoring and control, real-time cell level monitoring and balancing. Suitable for automotive, ESS and consumer markets, Titan’s ultrasound ionView™ technology is priced comparably to traditional solutions, while adding significant benefits to manufacturers, integrators, producers and consumers.
Ampcera
Grant in 2021
Ampcera specializes in the development and commercialization of solid-state electrolyte technologies for lithium batteries. The company focuses on creating high-performance solid-state electrolytes and advanced manufacturing processes, which aim to enhance energy and power density, enable ultra-fast charging, and improve safety in battery systems. By collaborating with major automotive manufacturers, consumer electronics firms, and battery producers, Ampcera seeks to scale its innovative materials and technologies. This approach positions the company to support the growing demand for advanced electric vehicles and high-performance batteries across various industries.
American Axle & Manufacturing
Grant in 2021
American Axle & Manufacturing Holdings, Inc. (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. The Company’s driveline, drivetrain and related products include axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driveheads, transmission parts and metal-formed products.
Wright Electric
Grant in 2020
Wright Electric Inc. is a manufacturer of commercial electric airplanes, focusing on reducing costs and emissions in the aviation industry. Established in 2016 and headquartered in Los Angeles, California, the company utilizes innovative propulsion technology to produce aircraft that eliminate emissions without requiring offsets. This advancement not only promotes zero-emissions flight but also aims to make the operational costs comparable to those of traditional fossil-fueled fleets, thereby facilitating the transition to a more sustainable aerospace sector. Wright Electric is positioned to play a significant role in the electrification of aviation, marking a transformative shift in the industry.
Nikola Motor Company
Grant in 2019
Nikola Motor Company, founded in 2014 and based in Salt Lake City, Utah, is an electric vehicle manufacturer that specializes in developing hydrogen fuel cells, battery electric trucks, and energy solutions. The company aims to transform the transportation industry by introducing innovative technologies focused on zero-emission vehicles. Nikola gained prominence for its plans to create long-haul commercial trucks powered by hydrogen fuel cells, with capabilities for ranges up to 1,200 miles. Additionally, Nikola Motor Company has proposed building a hydrogen refueling infrastructure to support its fleet, reflecting its commitment to sustainability and disruption in the trucking sector. As a subsidiary of Nikola Corporation, the company continues to focus on advancing electric powertrains and promoting environmentally friendly transportation solutions.
Eonix
Grant in 2018
Eonix has created the first semi-autonomous materials R&D system, ATLAS-system, that drastically reduces the time and cost to design new materials for lithium ion batteries. This breakthrough process shrinks product development cycles from years to months. Eonix's unique ATLAS-system affords us the opportunity to rapidly design drop-in compatible electrolyte solutions that address the specific market barriers EVs, grid storage, and hybrid defense systems to drive clean tech adoption.
Saratoga Energy
Grant in 2017
Saratoga Energy Research Partners is developing an inexpensive production process to synthesize graphite from CO2. Saratoga’s technology electrochemically separates CO2 into oxygen and graphitic carbon, an essential material in lithium-ion batteries. Graphite produced by the Saratoga process is well suited for fast-charging electric vehicles, grid storage, and a broad spectrum of other energy and industrial applications.
PowerScout
Grant in 2016
PowerScout, Inc. is an online platform that assists residential customers in California in finding and comparing deals on clean energy solutions. Founded in 2015 and based in San Francisco, the company specializes in solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. PowerScout's AI-driven marketplace allows users to explore benefits by entering their address and sharing their electric bills for customized offers. The platform facilitates the selection of purchase options and scheduling of home surveys and installations. By leveraging artificial intelligence and extensive data, PowerScout models potential savings, helping consumers make informed decisions about smart home improvements. This approach aims to simplify the process of upgrading to energy-efficient solutions, similar to how Credit Karma assists with credit card selection. PowerScout has received grants from the U.S. Department of Energy, reflecting its commitment to advancing clean energy adoption in the residential sector.
Inventev
Grant in 2016
Inventev specializes in the development of mobile power generation solutions using a Plug-in Hybrid Electric Vehicle (PHEV) architecture for medium-duty commercial trucks. The company focuses on integrating advanced propulsion and control technologies into original equipment manufacturer (OEM) trucks, particularly in weight classes 2B to 5, which include vehicles like the F250 to F550 and 2500 to 3500 series. By converting traditional diesel systems to hybrid vehicles, Inventev aims to provide efficient, idle-free power generation for job sites and emergency situations. This innovative approach not only enhances operational efficiency but also offers significant savings in fuel and maintenance costs for customers.
PowerScout
Grant in 2015
PowerScout, Inc. is an online platform that assists residential customers in California in finding and comparing deals on clean energy solutions. Founded in 2015 and based in San Francisco, the company specializes in solar panels, electric vehicle charging, battery storage, and energy-efficient appliances. PowerScout's AI-driven marketplace allows users to explore benefits by entering their address and sharing their electric bills for customized offers. The platform facilitates the selection of purchase options and scheduling of home surveys and installations. By leveraging artificial intelligence and extensive data, PowerScout models potential savings, helping consumers make informed decisions about smart home improvements. This approach aims to simplify the process of upgrading to energy-efficient solutions, similar to how Credit Karma assists with credit card selection. PowerScout has received grants from the U.S. Department of Energy, reflecting its commitment to advancing clean energy adoption in the residential sector.
Wolfspeed
Grant in 2013
Wolfspeed is a leading manufacturer specializing in wide bandgap semiconductors, particularly silicon carbide (SiC) and gallium nitride (GaN) materials and devices. The company plays a crucial role in the transformation of the semiconductor industry, supporting the transition to electric vehicles, the deployment of faster 5G networks, and advancements in renewable energy and energy storage systems. Wolfspeed offers a range of products designed for power and radio-frequency applications, including use in transportation, power supplies, inverters, and wireless systems. With a workforce of over 550 skilled employees, the company boasts a robust intellectual property portfolio of approximately 2,000 patents and patent applications. Its operations are primarily based in Europe, with additional revenue derived from the United States, China, Hong Kong, and other regions.
24M
Series A in 2010
24M Technologies specializes in the development of energy storage systems for both grid and transportation applications. The company focuses on manufacturing lithium-ion batteries that enhance the operational reliability, economics, and efficiency of electric power systems. Its innovative approach features binder-free semisolid electrodes and unit cells, which not only improve battery performance but also eliminate the need for traditional hydro or pyrometallurgical processes in battery recycling. Additionally, 24M facilitates direct in-plant reuse of active materials at the end of a battery's life, contributing to more sustainable recycling practices and enabling clients to increase efficiency and reduce costs.
Uqm Technologies
Grant in 2010
The Company was founded in 1967 to fabricate fiberglass component parts for various applications including aircraft and kit automobiles. In the early 1970's, the Company designed and manufactured âdune buggiesâ for recreational enthusiasts. In the late 1970's, our focus shiftedelectrek to the development and manufacture of an all-composite, purpose built, environmentally friendly, battery electric passenger automobile tradenamed the âElectrek.â During the period from 1978 to 1982, over 75 Electreks were manufactured and sold, some of which are still in operation today. During the development of the Electrek, we began to experiment with concepts for a better performing electric motor that was suited for the propulsion of a vehicle including the delivery of high torque and high speed with exceptional energy efficiency. These efforts led to the invention of our patented core permanent magnet motor technology. Since that time, we have developed and patented numerous extensions of this technology including methods of manufacture, methods of electronic control (including switching circuit architecture and phase timing advancement), the packaging of an electro-mechanical brake inside of a motor and a low cost method for accurately sensing rotor position.
Fisker
Debt Financing in 2009
Fisker, Inc. is an electric vehicle design and manufacturing company based in Manhattan Beach, California. Committed to sustainability, Fisker aims to provide eco-friendly mobility solutions that evoke emotional connections with users. The company seeks to revolutionize the automotive industry by focusing on the development of desirable electric vehicles. Fisker’s vision is rooted in the ambition to create a cleaner future through innovative e-mobility services. Historically, Fisker Automotive gained recognition for the Fisker Karma, one of the first luxury plug-in hybrid electric vehicles, which debuted in 2008. Although production of the Karma was halted in 2012 due to supplier bankruptcy issues, Fisker continues to advance its mission in the electric vehicle market.
Tesla
Debt Financing in 2009
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy generation and storage systems globally, with a significant presence in the United States, China, the Netherlands, and Norway. The company operates in two main segments: Automotive and Energy Generation and Storage. The Automotive segment includes a range of vehicles, such as luxury and midsize sedans, crossover SUVs, and light trucks, alongside electric powertrain components and services. Tesla markets its vehicles through company-owned showrooms and its website. The Energy Generation and Storage segment offers lithium-ion battery systems for residential and commercial use, as well as solar energy products, including solar panels and solar roofs. Additionally, Tesla provides vehicle insurance and operates a fast-charging network. Founded in 2003 and headquartered in Palo Alto, California, Tesla aims to accelerate the transition to sustainable energy and mobility.
Aptiv
Venture Round in 2008
Aptiv is a global technology company headquartered in Gillingham, England, focused on developing innovative solutions that enhance safety, sustainability, and connectivity in the automotive sector. The company positions itself as a leader in mobility technologies, offering advanced computing platforms, software capabilities, and networking architecture essential for the future of transportation. Aptiv's operations span 45 countries, encompassing 14 technical centers, manufacturing sites, and customer support centers. The company is organized into two main segments: signal and power solutions, which provide components for vehicle electrical systems, and advanced safety and user experience, which includes body controls, infotainment, and advanced driver-assist technologies. In 2023, Aptiv's top ten customers contributed to a significant portion of its revenue, reflecting its strong relationships with major automotive manufacturers.
Plug Power
Grant in 2006
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
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