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.
DTE Energy is a major provider of gas and electric utility services in Michigan, serving approximately 2.3 million customers through its DTE Electric division and 1.3 million customers via DTE Gas. The company operates two regulated utilities that account for a significant portion of its earnings. In addition to its utility services, DTE Energy is involved in nonutility ventures, including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects. The company is committed to fostering community development and supports various initiatives through the DTE Energy Foundation, which focuses on arts, education, and environmental needs, among others.
Arizona Public Service
Debt Financing in 2025
Arizona Public Service Company is a utility provider based in Phoenix, Arizona, founded in 1886. As a subsidiary of Pinnacle West Capital Corporation, it generates electricity from a mix of coal-fired and renewable energy sources. The company serves both residential and commercial customers, offering vertically-integrated electric utility services that include retail and wholesale electricity. Arizona Public Service is committed to delivering clean, reliable, and affordable energy to its clients.
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.
Nostromo Energy
Debt Financing in 2024
Nostromo Energy specializes in thermal energy storage solutions that utilize a water-based system to store and discharge energy in the form of ice. The company's innovative platform captures surplus electric power during periods of excess demand, converting it into cold thermal energy stored as ice. This technology is particularly beneficial for commercial and industrial buildings, as it allows clients to manage energy consumption more efficiently. By leveraging a virtual power plant-enabled system, Nostromo Energy enables optimal volumetric water capacity and modular adjustments to installed capacity, thereby enhancing overall energy management and sustainability.
FirstEnergy
Grant in 2024
FirstEnergy Corporation, established in 1996 and headquartered in Akron, Ohio, is a diversified energy company that generates, transmits, and distributes electricity to approximately six million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company operates through regulated distribution and transmission segments, owning and managing a vast network of power plants, transmission lines, and distribution systems. These include coal-fired, nuclear, hydroelectric, natural gas, wind, and solar facilities, as well as 24,486 circuit miles of transmission lines and 269,691 miles of distribution lines, with a total installed transformer capacity of approximately 156,115,196 kilovolt-amperes. In addition to its core operations, FirstEnergy also provides energy-related products and services to retail and wholesale customers, contributing to the strengthening of local communities through its foundation's support of nonprofit organizations.
Mainspring
Grant in 2024
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.
MetOx Technologies
Grant in 2024
MetOx Technologies is a manufacturer of high-temperature superconducting (HTS) wire, utilizing YBCO to facilitate the efficient transmission of electricity. This technology allows for the transmission of large amounts of electricity with minimal cross-sectional area, eliminating electrical loss and heat generation during operation. MetOx employs a proprietary one-pass metal-organic chemical vapor deposition process for the production of buffer and superconductor layers, enhancing the quality and cost-effectiveness of its HTS wire. The applications of this advanced wire include upgrading transmission and distribution lines, supporting magnetic confinement fusion reactors, and developing next-generation MRI scanners, as well as use in wind turbines.
Georgia Power Company
Grant in 2024
Georgia Power Company, incorporated in 1930 and headquartered in Atlanta, Georgia, is a subsidiary of The Southern Company that provides electric power and energy services to businesses and residents across the state. The company generates electricity through a diverse mix of sources, including natural gas, oil, coal, nuclear, hydro, and renewable energy. Georgia Power is committed to delivering reliable and affordable energy, and it also operates a solar program to promote renewable energy production. Additionally, the company offers energy efficiency programs and tips to help customers reduce their energy consumption and costs, ensuring a sustainable energy future for Georgia.
UniSource Energy Services
Grant in 2024
UniSource Energy Services provides safe, reliable energy to nearly 250,000 customers in northern and southern Arizona.
Arizona Public Service
Grant in 2024
Arizona Public Service Company is a utility provider based in Phoenix, Arizona, founded in 1886. As a subsidiary of Pinnacle West Capital Corporation, it generates electricity from a mix of coal-fired and renewable energy sources. The company serves both residential and commercial customers, offering vertically-integrated electric utility services that include retail and wholesale electricity. Arizona Public Service is committed to delivering clean, reliable, and affordable energy to its clients.
Mon Power
Grant in 2024
Mon Power provides electricity utility customers in 34 West Virginia counties.
Grand Valley Power
Grant in 2024
Grand Valley Power provides electricity services to several residential and commercial industries.
Alaska Village Electric Cooperative
Grant in 2024
Alaska Village Electric Cooperative is a non-profit electric utility company that provides electric service to rural Alaska.
CorePower Magnetics
Grant in 2024
CorePower Magnetics specializes in the manufacturing of electric components utilizing advanced magnetic core technology aimed at enhancing efficiency and power density. The company focuses on developing power-dense soft magnetics through innovative materials and advanced manufacturing techniques. This approach yields significant reductions in weight and volume, as well as decreased energy losses, all without relying on rare-earth metals. As a result, CorePower Magnetics' components offer improved current capabilities, extended ranges for electric vehicles, and longer lifespans for various applications. The company's commitment to optimizing magnetic core features addresses critical limitations in power electronics and power conversion systems, contributing to advancements in the electrification of transportation, energy efficiency, and grid modernization.
PG&E
Grant in 2024
PG&E Corporation, through its primary subsidiary Pacific Gas and Electric Company, is a major utility provider in northern and central California, delivering electricity and natural gas to millions of customers. The company's service area spans from Eureka to Bakersfield, encompassing 47 of the state's 58 counties. PG&E generates electricity from a diverse mix of sources, including nuclear, hydroelectric, fossil fuels, and renewable energy. The company operates an extensive infrastructure, comprising approximately 18,000 circuit miles of transmission lines, over 107,000 circuit miles of distribution lines, and a natural gas system with around 43,300 miles of distribution pipelines. PG&E serves a wide range of customers, including residential, commercial, industrial, and agricultural sectors. Established in 1995 and headquartered in San Francisco, PG&E has undergone significant restructuring, including a period of bankruptcy court supervision from January 2019 to June 2020, prior to its current operations.
Siemens
Grant in 2024
Siemens is a global technology conglomerate headquartered in Munich, Germany, with a rich history dating back to 1847. The company specializes in providing advanced technology solutions that empower customers to transform essential industries such as manufacturing, transportation, building automation, and energy management. Siemens focuses on integrating the real and digital worlds, collaborating with various industries and innovators to enhance efficiency and sustainability. Its diverse offerings include vendor finance, working capital finance, project and corporate lending, as well as asset-based lending, primarily in sectors like equipment, technology, energy, infrastructure, mobility, and healthcare. Through its innovation and expertise, Siemens plays a crucial role in shaping the backbone of economies worldwide.
PPL
Grant in 2024
PPL Corporation is a prominent holding company in the U.S. utility sector, overseeing regulated utilities in Pennsylvania, Kentucky, and Rhode Island. Its subsidiaries include PPL Electric Utilities, which delivers electricity across central and eastern Pennsylvania, as well as Louisville Gas and Electric and Kentucky Utilities, which engage in the regulated generation, transmission, and distribution of electricity and gas in Kentucky. Additionally, Rhode Island Energy provides electric and gas services in Rhode Island. PPL is dedicated to delivering reliable energy services while maintaining a strong commitment to customer satisfaction, consistently earning high rankings in service quality. The company emphasizes stable earnings and a secure dividend, appealing to investors looking for low-risk opportunities. Furthermore, PPL actively contributes to the communities it serves through job creation initiatives, charitable donations, and encouraging employee volunteerism, thereby enhancing the quality of life in those areas.
EPRI
Grant in 2024
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public.
Ecolong
Grant in 2024
Ecolong is a technology company that develops software platforms to optimize energy usage and facilitate clean energy adoption. Its core product employs blockchain technology to create decentralized energy markets, enabling secure, peer-to-peer transactions between consumers, solar owners, and utilities. This allows for more efficient energy management and direct interaction among market participants.
Mission Power
Grant in 2024
Mission Power is an electrical power solution company that specializes in backup power and electrical construction for commercial and residential customers.
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.
Noria Energy
Grant in 2024
Noria Energy, founded in 2018, specializes in designing and developing solar photovoltaic projects primarily for wastewater treatment plants, as well as commercial, industrial, and hydroelectric power plant clients. The company has successfully constructed over 1GW of solar capacity and currently boasts a project pipeline exceeding 200MW, which is anticipated to grow rapidly. Noria offers both floating and traditional ground-mount solar solutions, enabling customers to utilize solar power directly without relying on utility companies. These behind-the-meter projects help clients reduce energy costs, take advantage of renewable energy incentives, and achieve their clean energy objectives while providing protection against grid disruptions.
Pecos Wind Power
Grant in 2024
Pecos Wind Power is a company that specializes in the design, construction, and sale of wind turbines aimed at facilitating distributed generation of electricity. These turbines are engineered to help clients produce their own renewable energy at a low cost, making them suitable for various installations, including schools, businesses, and commercial electricity consumers. By enabling clients to transition to renewable energy sources, Pecos Wind Power promotes sustainable electricity use in an efficient and user-friendly manner.
Eversource Energy
Grant in 2024
Eversource Energy is a public utility holding company engaged in the delivery of energy and water services to over 4 million customers across Connecticut, Massachusetts, and New Hampshire. The company operates through four primary segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. Eversource is the largest electric utility in Connecticut, serving more than 1.2 million customers, and also holds a significant position in New Hampshire, where it serves over 500,000 homes and businesses. The company has evolved through various acquisitions, including NStar in 2012 and Columbia Gas in 2020, and operates several regulated subsidiaries that deliver retail electricity, natural gas, and water services. Founded in 1927 and originally known as Northeast Utilities, Eversource Energy rebranded in 2015 and is headquartered in Hartford, Connecticut, and Boston, Massachusetts.
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.
Allete
Grant in 2024
ALLETE, Inc. is an energy company based in Duluth, Minnesota, incorporated in 1906. It operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The Regulated Operations segment includes Minnesota Power and Superior Water, Light and Power Company, which provide electric, natural gas, and water services to a significant number of customers in northeastern Minnesota and northwestern Wisconsin. Additionally, this segment encompasses an investment in American Transmission Company, a utility that maintains electric transmission infrastructure across parts of Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Clean Energy focuses on the development, acquisition, and operation of clean and renewable energy projects, operating around 660 megawatts of wind energy generation. The company is also involved in coal mining operations in North Dakota and real estate investments in Florida, while owning and operating multiple substations with substantial capacity.
Baltimore Gas & Electric
Grant in 2024
Baltimore Gas & Electric (BGE), established in 1816, is a subsidiary of Exelon Corporation. Headquartered in Baltimore, Maryland, BGE serves over 1.2 million electric customers and approximately 650,000 natural gas customers in Central Maryland. The company's primary business involves the regulated retail sale of electricity and natural gas to residential, commercial, and industrial consumers. It maintains an extensive infrastructure for transmission and distribution of electricity, comprising around 9,176 circuit miles of overhead lines and 17,489 circuit miles of underground lines. Additionally, BGE operates a liquefied natural gas facility with a storage capacity of 1,056 million cubic feet (mmcf) and owns numerous natural gas city gate stations. The company's approximately 3,400 employees are dedicated to ensuring safe, reliable delivery of energy services, along with initiatives focused on energy management, conservation, environmental stewardship, and community assistance.
VEIR
Grant in 2024
VEIR is focused on advancing electricity transmission through the development of high-temperature superconductors and innovative cooling solutions. The company has created a passive evaporative cryogenic cooling technology that significantly enhances cooling efficiency, delivering 20 times more cooling power per kilogram of nitrogen flow compared to traditional mechanical subcooling methods. By utilizing commercial superconducting tape, VEIR's technology facilitates power delivery at transmission levels over distribution-scale infrastructure without resistive losses. This approach allows clients to streamline permitting processes and create economically viable electric transmission lines, thereby addressing the challenges associated with cooling high-temperature superconductors.
Generac Power Systems
Grant in 2024
Generac Power Systems, Inc. is a manufacturer of backup power generators and engine-powered tools, specializing in various power generation solutions for residential, commercial, and industrial markets. The company's product portfolio includes home backup generators, portable generators, business standby generators, and a range of pressure washers and water pumps. Additionally, Generac offers automatic transfer switches and energy storage systems, enhancing its capabilities in home energy management. Its mobile products, such as light towers and generators, are tailored for diverse applications including government, military, construction, and disaster relief. Generac serves a wide array of industries, including healthcare, telecommunications, and hospitality, by distributing its products through retailers, service centers, and dealers both domestically and internationally. Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac operates additional facilities across several locations in the U.S. and abroad, including Latin America and Europe. The company also engages in strategic partnerships to further expand its market presence.
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.
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.
Verdagy
Grant in 2024
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.
Electric Hydrogen
Grant in 2024
Electric Hydrogen is a company focused on developing low-cost, high-efficiency, fossil-free hydrogen systems aimed at decarbonizing industrial sectors such as ammonia and steel production, which are significant contributors to global greenhouse gas emissions. By rethinking electrolysis, Electric Hydrogen seeks to make clean hydrogen competitive with traditional, fossil-fuel-based hydrogen in terms of cost and scalability. The company's advanced PEM technology utilizes low-cost renewable electricity to produce clean hydrogen gas, thereby helping industries reduce their reliance on fossil fuels and minimize pollution. With a leadership team experienced in transformative clean energy companies, Electric Hydrogen is positioned to address current challenges in efficiency and cost, contributing to the goal of a zero-emission industrial sector in the near future.
Cummins Power Generation
Grant in 2024
Cummins Power Generation is a world leader in the design and manufacture of power generation equipment, including PowerCommand standby and prime power systems. They also provide single-source warranty, planned maintenance, and round-the-clock emergency service 24 hours a day, seven days a week including back-up power rental through their network of distributors. Part of the world-wide power systems business which has annual sales of more than $1.2 billion, Cummins Power Generation's strength comes from being a division of Cummins Inc. Cummins Power Generation has unique expertise in that all aspects of generator set design, manufacture and service have been brought together in one company. All the major components - the engine, alternator and control systems - are manufactured by divisions of Cummins. This integral approach means each element of a generating set is matched to work in harmony from the start. Providing what the customer wants is at the core of Cummins' manufacturing philosophy. For generating set customers this means a choice of mobile, stationary, open or sound attenuated versions is available for all models.
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.
G&W Electric
Grant in 2024
G&W Electric has been a global supplier of electric power equipment since 1905.
Energy Internet Corporation
Grant in 2024
Energy Internet Corporation unites engineering and hardware systems to produce efficient energy storage and renewable energy distribution.
Maryland Energy Administration
Grant in 2024
Maryland Energy Administration develops and administers cleaner energy programs to support all business sectors for economic development.
EPRI
Grant in 2024
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public.
Eden
Grant in 2024
Eden is focused on developing a sustainable platform for natural resource recovery, aiming to create a carbon-neutral future. The company has introduced a novel method known as Pulsed Electrical Well Stimulation (PEWS), which is a patent-pending technology designed to replace traditional hydraulic fracturing. This innovative approach eliminates the need for water injection and addresses the logistical challenges and environmental risks associated with conventional fracking methods. By utilizing high-voltage electricity and proprietary modeling techniques, Eden enhances rock permeability with precision, facilitating effective resource extraction across various geological settings. This technology not only reduces costs but also minimizes the negative impacts typically associated with hydraulic fracturing, positioning Eden as a leader in environmentally responsible resource recovery.
PPL
Grant in 2024
PPL Corporation is a prominent holding company in the U.S. utility sector, overseeing regulated utilities in Pennsylvania, Kentucky, and Rhode Island. Its subsidiaries include PPL Electric Utilities, which delivers electricity across central and eastern Pennsylvania, as well as Louisville Gas and Electric and Kentucky Utilities, which engage in the regulated generation, transmission, and distribution of electricity and gas in Kentucky. Additionally, Rhode Island Energy provides electric and gas services in Rhode Island. PPL is dedicated to delivering reliable energy services while maintaining a strong commitment to customer satisfaction, consistently earning high rankings in service quality. The company emphasizes stable earnings and a secure dividend, appealing to investors looking for low-risk opportunities. Furthermore, PPL actively contributes to the communities it serves through job creation initiatives, charitable donations, and encouraging employee volunteerism, thereby enhancing the quality of life in those areas.
RedoxBlox
Grant in 2024
RedoxBlox specializes in thermochemical energy storage technology aimed at decarbonizing high-temperature industrial thermal processing and enhancing natural gas power production. By providing a cost-effective alternative to fossil fuels, the company enables continuous energy discharge at high temperatures, significantly reducing carbon and nitrogen oxide emissions. Its system is designed to integrate seamlessly with existing infrastructure, improving grid resilience while supporting industrial processors and power plant operators. RedoxBlox's technology facilitates the electrification and storage of energy, allowing industries to harness renewable energy sources through large-scale, long-duration energy storage solutions.
Advanced Conductor Technologies
Grant in 2024
Advanced Conductor Technologies was founded in June 2011 to commercialize high-temperature superconducting CORC cables for high-field magnet and power transmission applications. Since 2012 sixteen Phase I, eight Phase II and one Phase IIB SBIR/STTR grants were awarded to Advanced Conductor Technologies by the U.S. Department of Energy, the U.S. Air Force, and the U.S. Navy, for developing CORC® cables and wires. The company expanded into a 3000 square foot facility in Boulder, Colorado in 2013 and currently has three employees.
Ecolong
Grant in 2024
Ecolong is a technology company that develops software platforms to optimize energy usage and facilitate clean energy adoption. Its core product employs blockchain technology to create decentralized energy markets, enabling secure, peer-to-peer transactions between consumers, solar owners, and utilities. This allows for more efficient energy management and direct interaction among market participants.
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.
Kit Carson Electric
Grant in 2023
Kit Carson Electric Cooperative is a utility company based in Taos, New Mexico. It provides essential services to the local community, including electricity, internet, and propane.
Entergy New Orleans
Grant in 2023
Entergy New Orleans, LLC is an electric and gas utility company operating primarily in Orleans Parish. It is a subsidiary of Entergy Corporation and focuses on electric power production and retail distribution. The company manages 36 miles of transmission mains and 1,740 miles of distribution mains, supporting its operations. Entergy New Orleans owns and operates power plants with a total generating capacity of approximately 30,000 megawatts, which includes nearly 9,000 megawatts from nuclear sources. The utility infrastructure consists of 1,430 miles of distribution lines and 158 transmission lines, complemented by 22 substations. The company serves approximately 205,000 electricity customers and 108,000 natural gas customers, contributing to the energy needs of the region. Based in New Orleans, Louisiana, Entergy New Orleans plays a vital role in providing essential utility services to its community.
epb
Grant in 2023
epb specializes in energy, internet, communications, and related services.
Generac Grid Services
Grant in 2023
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
Allete
Grant in 2023
ALLETE, Inc. is an energy company based in Duluth, Minnesota, incorporated in 1906. It operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The Regulated Operations segment includes Minnesota Power and Superior Water, Light and Power Company, which provide electric, natural gas, and water services to a significant number of customers in northeastern Minnesota and northwestern Wisconsin. Additionally, this segment encompasses an investment in American Transmission Company, a utility that maintains electric transmission infrastructure across parts of Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Clean Energy focuses on the development, acquisition, and operation of clean and renewable energy projects, operating around 660 megawatts of wind energy generation. The company is also involved in coal mining operations in North Dakota and real estate investments in Florida, while owning and operating multiple substations with substantial capacity.
Minnesota Power
Grant in 2023
Minnesota Power is an energy distribution company.
MetOx Technologies
Grant in 2023
MetOx Technologies is a manufacturer of high-temperature superconducting (HTS) wire, utilizing YBCO to facilitate the efficient transmission of electricity. This technology allows for the transmission of large amounts of electricity with minimal cross-sectional area, eliminating electrical loss and heat generation during operation. MetOx employs a proprietary one-pass metal-organic chemical vapor deposition process for the production of buffer and superconductor layers, enhancing the quality and cost-effectiveness of its HTS wire. The applications of this advanced wire include upgrading transmission and distribution lines, supporting magnetic confinement fusion reactors, and developing next-generation MRI scanners, as well as use in wind turbines.
EPRI
Grant in 2023
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public.
Leaptran
Grant in 2023
Leaptran is a developer of AI-driven energy and wellness management systems focused on optimizing energy consumption and cost savings. The company's technology integrates renewable energy sources, battery energy storage systems, and advanced forecasting methods to enhance energy affordability and reliability. By employing machine learning and visualization software, along with a customized hardware platform, Leaptran enables customers to effectively manage their energy storage in solar-powered buildings. This comprehensive approach allows industries to improve asset management and achieve significant returns on investment while ensuring energy efficiency and resiliency.
muGrid Analytics
Grant in 2023
We combine our deep expertise in renewable energy systems, modern energy markets, and financial engineering to help our clients optimize the design and operation of their energy assets. We are the quants of the renewable energy world. We combine our deep domain expertise in energy system operation, energy markets, and financial engineering with cutting-edge stochastic modeling and optimization to help project developers, investors, utilities, and equipment manufacturers reduce the risk and maximize the economic return of their assets. We’re recognized experts in the economics of battery energy storage and will help you get the right system in place, show you the economic return, and then once it’s built, we’ll analyze the data so you know you’re getting the best performance. Let us put math, big data, and the coolest analysis on the planet to work for you.
Georgia Power Company
Grant in 2023
Georgia Power Company, incorporated in 1930 and headquartered in Atlanta, Georgia, is a subsidiary of The Southern Company that provides electric power and energy services to businesses and residents across the state. The company generates electricity through a diverse mix of sources, including natural gas, oil, coal, nuclear, hydro, and renewable energy. Georgia Power is committed to delivering reliable and affordable energy, and it also operates a solar program to promote renewable energy production. Additionally, the company offers energy efficiency programs and tips to help customers reduce their energy consumption and costs, ensuring a sustainable energy future for Georgia.
ComEd (Commonwealth Edison)
Grant in 2023
As your local utility and an energy delivery company with more than a century of experience, our commitment to customer service, security, and satisfaction is guided by the progress of the past and the promise of the future. Driving an industry that is entrepreneurial in nature, we have always remained focused on benefiting the people, environment, and economies of the communities we serve. We continue to enhance our services and the workforce that helps us generate smart ideas.
Sitkana
Grant in 2023
Sitkana is a technology company specializing in harnessing oceanic tidal currents to generate electricity. It develops modular buoy systems that replace high-cost diesel generators, connecting to existing electrical grids and utilizing fishing vessels for maintenance. Additionally, Sitkana produces modular power devices for sailboats and liveaboard vessels.
Accelerate Wind
Grant in 2023
Accelerate Wind specializes in wind energy generation tailored for commercial and industrial applications. The company has developed a patent-pending powertrain concept that significantly reduces the costs associated with wind turbine power electronics by utilizing intermediate energy storage in a compact flywheel. This innovative system is designed to capture wind energy efficiently, particularly at the edges of commercial building rooftops, thereby enhancing energy generation potential. By focusing on these advancements, Accelerate Wind aims to transform rooftop wind energy solutions for businesses, making small wind turbine technologies more economically viable.
Zap Energy
Grant in 2023
Zap Energy, Inc., founded in 2017 and headquartered in Seattle, Washington, specializes in the design and manufacture of sheared-flow stabilized Z-Pinch fusion reactors for power generation. The company’s innovative technology utilizes electric currents to create magnetic fields that confine and compress plasma, enabling efficient energy production through nuclear fusion. This approach offers a low-carbon, cost-effective, and flexible power source while requiring less capital investment compared to traditional fusion methods. By focusing on compact and scalable fusion technology, Zap Energy aims to advance sustainable energy solutions and improve the economics of fusion energy.
Thea Energy
Grant in 2023
Thea Energy is focused on developing a scalable fusion energy system designed to provide a limitless, zero-emission power source for a sustainable future. Founded in 2022 as a spin-out from the Princeton Plasma Physics Laboratory and Princeton University, Thea Energy aims to innovate the stellarator, a well-established magnetic fusion technology. The company is utilizing advancements in computation and control systems to create its first integrated fusion system, Eos, which is based on a planar coil stellarator architecture. This design simplifies the traditional complex three-dimensional magnet coils, enabling continuous fusion reactions and offering utility companies a reliable alternative to intermittent renewable energy sources such as solar and wind.
Realta Fusion
Grant in 2023
Realta Fusion is focused on developing fusion energy technology aimed at producing industrial heat and power. The company leverages advancements in superconducting materials, plasma physics, and computing power to create a straightforward linear fusion reactor design. This innovative approach allows Realta Fusion to utilize abundant fuel sources, offering a zero-carbon solution for heat and power generation. By minimizing capital expenditures associated with power plant construction, the company positions itself as a provider of sustainable energy solutions.
StorEdgeAI
Grant in 2023
StorEdgeAI is developing a non-wires technology platform that will enable a point-to-point connection between renewables generation and end-use at nearly 100% utilization, while also eliminating the cost allocation and permitting issues associated with electrical transmission and distribution lines, resulting in lower cost, more flexible, and faster adoption of clean energy.
Ecolong
Grant in 2023
Ecolong is a technology company that develops software platforms to optimize energy usage and facilitate clean energy adoption. Its core product employs blockchain technology to create decentralized energy markets, enabling secure, peer-to-peer transactions between consumers, solar owners, and utilities. This allows for more efficient energy management and direct interaction among market participants.
Veritel Energy
Grant in 2023
Veritel Energy focuses on enhancing energy efficiency in multifamily residences by implementing strategies to reduce energy, water, and waste consumption. This approach not only lowers operating costs but also boosts property values and marketability. Additionally, Veritel Energy has developed a renewable energy billing and accounting platform tailored for landlords and tenants. This platform facilitates utility billing management and tracks the impact of carbon offset initiatives. It also provides preferential financing options to alleviate initial investment costs and offers comprehensive solutions that include design, supply chain management, installation, and commissioning of renewable energy systems. Through these efforts, Veritel Energy aims to support the decarbonization of the electrical grid and promote access to renewable energy in underserved communities.
Mission Power
Grant in 2023
Mission Power is an electrical power solution company that specializes in backup power and electrical construction for commercial and residential customers.
FC Renew
Grant in 2023
FC Renew is focused on developing an innovative technology aimed at restoring degraded hydrogen fuel cells through a low-cost process. This technology is designed to provide long-lasting hydrogen fuel cells that can support the electrification of critical hardware and systems in both defense and commercial sectors. By facilitating the use of fuel cell technology, FC Renew aims to play a significant role in advancing the transition to hydrogen energy, helping businesses adopt more sustainable energy solutions.
Windlift
Grant in 2023
Windlift, LLC specializes in the development of airborne power generation systems, primarily for the U.S. Department of Defense. Founded in 2006 and based in Morrisville, North Carolina, the company also caters to various sectors, including disaster recovery, telecommunications, agriculture, mining, and research. Windlift's innovative generators are designed to be lightweight, transportable, and rapidly deployable, equipped with advanced technologies such as radar, cameras, and edge computing capabilities. These features enable clients to generate scalable and cost-effective clean energy, positioning Windlift to address challenges in the commercial offshore wind energy market and contribute to sustainable energy solutions globally.
Carter Wind
Grant in 2023
Carter Wind is a manufacturer based in Wichita Falls, Texas, specializing in turbine technology for utility, distributed, and microgrid power generation. The company focuses on providing commercial wind turbines that utilize low-cost wind energy, making them suitable for manufacturing and operational purposes. Its innovative self-erecting turbine designs are specifically engineered to perform in remote and extreme environments where traditional wind turbine technologies may not be feasible. By enabling manufacturing plants to harness wind energy as an alternative power source, Carter Wind contributes to clean energy production and helps reduce fuel costs.
BladeRunner Energy
Grant in 2023
BladeRunner Energy B.V., founded in 2014 and based in Arnhem, the Netherlands, specializes in developing sustainable energy solutions for emerging markets and remote regions. The company has created a scalable micro-hydro technology called BladeRunner, which features a proprietary rotor and a flexible power takeoff configuration. This innovative design allows the generator and power electronics to be positioned above the water, enhancing operational efficiency and resilience. By harnessing renewable energy from the natural flow of water, BladeRunner Energy aims to facilitate a transition towards sustainable power generation, improve energy access, and promote environmental accountability within communities.
Pacific Gas and Electric Company
Grant in 2023
The Pacific Gas and Electric Company is an investor-owned utility with publicly traded stock
EPRI
Grant in 2023
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public.
Portland General Electric
Grant in 2023
Portland General Electric Company is a regulated electric utility based in Portland, Oregon, serving approximately 895,000 customers across 51 cities. Established in 1889, it provides comprehensive services including the generation, transmission, distribution, and retail sale of electricity. The company operates a diverse energy portfolio with seven thermal plants, seven hydroelectric plants, and two wind farms, totaling 3.5 gigawatts of generation capacity. Its extensive electric transmission system consists of 1,264 circuit miles, complemented by 27,755 circuit miles of distribution lines. In addition to its electric services, Portland General Electric also engages in the wholesale purchase and sale of natural gas across the United States and Canada. With a commitment to renewable energy and community involvement, the company aims to deliver reliable and affordable energy while reflecting the values of its customers.
ConEdison
Grant in 2023
Con Edison is a prominent organization that operates one of the largest energy delivery systems in the world, supplying electricity, gas, and steam primarily to New York City and Westchester County. The company is also committed to providing renewable energy and environmental services, alongside cost-effective energy management solutions. This diverse portfolio positions Con Edison as a key player in the energy sector, focusing on both traditional and sustainable energy sources to meet the needs of its extensive customer base.
ConEdison
Grant in 2023
Con Edison is a prominent organization that operates one of the largest energy delivery systems in the world, supplying electricity, gas, and steam primarily to New York City and Westchester County. The company is also committed to providing renewable energy and environmental services, alongside cost-effective energy management solutions. This diverse portfolio positions Con Edison as a key player in the energy sector, focusing on both traditional and sustainable energy sources to meet the needs of its extensive customer base.
Sunnova Energy
Post in 2023
Sunnova Energy International Inc., established in 2012 and headquartered in Houston, Texas, specializes in providing residential solar and energy storage services across the United States. The company offers comprehensive services including operations and maintenance, monitoring, repairs, replacements, equipment upgrades, and on-site power optimization. With a customer base of approximately 80,000 and a generation capacity of around 572 megawatts, Sunnova serves customers through a network of local installation partners, ensuring affordable and reliable energy solutions.
Toledo Solar
Grant in 2023
Toledo Solar, Inc. is a manufacturer based in Perrysburg, Ohio, specializing in cadmium telluride (CdTe) thin cell solar panels designed for a range of applications, including residential, commercial, and utility-scale power generation. Established in 2019, the company aims to enhance energy independence and resilience while promoting ethical practices in the solar industry. Toledo Solar supplies its products through regional partners across the United States, providing not only solar panels but also inverters, racking systems, energy storage solutions, and app-based client control systems. In addition to traditional solar panels, the company is developing innovative products such as semi-transparent solar windows, skylights, sunroofs, greenhouses, and farm canopies, all intended to help reduce carbon footprints and lower energy costs for users.
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.
EPRI
Grant in 2022
The Electric Power Research Institute, Inc. (EPRI) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public.
Ocean Power Technologies (OPT)
Grant in 2022
Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. The Company’s utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid, and the Company’s autonomous PowerBuoy system, which is designed to generate power for use independent of the power grid in remote locations.
C-Power
Grant in 2022
Columbia Power Technologies, Inc. specializes in the development and commercialization of wave energy harvesting systems, focusing on offshore applications. One of its key products, StingRAY, is designed to be deployed in water depths exceeding 60 meters and operates similarly to wind turbines in arrays. This innovative system captures energy from ocean waves and generates electricity on-board, making it suitable for various applications, including powering oceanographic sensors and generating megawatt-scale electricity. Founded in 2005 and headquartered in Charlottesville, Virginia, the company also maintains a research facility in Corvallis, Oregon, where it continues to advance its wave energy technology for reliable performance in diverse sea conditions.
ICE Thermal Harvesting
Grant in 2022
ICE Thermal Harvesting is a Texas-based company that specializes in converting waste heat into electricity, providing a zero-emission power solution for various regions globally. The company employs a unique technology that harnesses geothermal energy and utilizes established heat-to-power concepts to generate emissions-free electricity. This innovative approach allows industrial consumers to access a consistent and reliable energy supply while minimizing environmental impact. By focusing on the integration of waste heat recovery into energy systems, ICE Thermal Harvesting aims to contribute to a sustainable energy future.
Element 16 Technologies
Grant in 2021
Element 16 Technologies specializes in thermal energy storage systems that enhance energy efficiency for commercial and industrial facilities. The company employs a unique technology that utilizes a molten sulfur mixture to store high-temperature heat energy, replacing traditional molten salts and thermal oils. This innovative approach allows customers to minimize heat waste in cogeneration plants, leading to increased efficiency and a reduced carbon footprint. By optimizing heat energy storage, Element 16 Technologies aims to help businesses save on energy costs while contributing to environmental sustainability.
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.
Jolt Energy
Grant in 2019
Jolt Energy Storage Technologies, LLC, founded in 2015 and based in West Michigan, specializes in developing innovative compounds for lithium-ion batteries. The company focuses on creating organic electrochemical additives that enhance battery performance by increasing capacity, preventing overcharging, and simplifying electronic control systems. These advancements allow battery manufacturers to improve the safety, functionality, and cost-effectiveness of their products. Additionally, Jolt is working on all-organic nonaqueous redox flow batteries (RFBs) designed for large-scale energy storage, offering a reliable and environmentally friendly alternative to traditional battery technologies. With a commitment to sustainability, Jolt Energy aims to revolutionize the energy storage sector.
SolarReserve
Grant in 2018
SolarReserve, a venture-backed renewable energy company, focuses on advanced solar thermal storage technology. SolarReserve was formed to solve two of the fundamental barriers of renewable energy: scalability and storage. Unlike hydroelectric, geothermal, biomass, and other renewable energy technologies that use limited renewable fuel sources, SolarReserve's power plants draw their heat from the sun - earth's ultimate source of clean energy. And unlike wind and photovoltaics, SolarReserve's power plants can deliver power whenever it is needed, either 24 hours per day or only during "peak" demand. By overcoming these two key barriers, SolarReserve enables utility-scale, clean, renewable electricity generation.
Mesodyne
Non Equity Assistance in 2018
Mesodyne is an engineering and manufacturing company focused on innovative electricity generation solutions, particularly through its patented LightCell technology, which converts various fuels into electricity using light. Founded in 2018 by Drs. Veronika Stelmakh and Walker Chan, the company aims to deliver portable and reliable power generation systems to military and commercial users. Mesodyne's compact power generators enhance the endurance of small autonomous systems, offering efficient and long-lasting energy sources that bridge the gap between traditional batteries and internal combustion engines. This technology is designed to alleviate the burden on dismounted warfighters and emergency responders while extending the operational range of unmanned vehicles, wearables, and other equipment.
Next Energy Technologies
Grant in 2017
Next Energy Technologies specializes in transparent photovoltaic technology that enables windows to generate electricity from sunlight. Their innovative nano-coating converts ultraviolet and infrared light into usable energy, allowing buildings to produce renewable energy on-site and contribute to net-zero energy goals. This technology maintains transparency and efficiency, even in challenging lighting conditions, and is integrated directly into dual-pane windows, which reduces additional encapsulation costs. By transforming traditional windows and glass facades into energy-generating surfaces, Next Energy Technologies offers a cost-effective solution for enhancing building sustainability and reducing reliance on conventional energy sources.
ComEd (Commonwealth Edison)
Grant in 2016
As your local utility and an energy delivery company with more than a century of experience, our commitment to customer service, security, and satisfaction is guided by the progress of the past and the promise of the future. Driving an industry that is entrepreneurial in nature, we have always remained focused on benefiting the people, environment, and economies of the communities we serve. We continue to enhance our services and the workforce that helps us generate smart ideas.
Next Energy Technologies
Grant in 2014
Next Energy Technologies specializes in transparent photovoltaic technology that enables windows to generate electricity from sunlight. Their innovative nano-coating converts ultraviolet and infrared light into usable energy, allowing buildings to produce renewable energy on-site and contribute to net-zero energy goals. This technology maintains transparency and efficiency, even in challenging lighting conditions, and is integrated directly into dual-pane windows, which reduces additional encapsulation costs. By transforming traditional windows and glass facades into energy-generating surfaces, Next Energy Technologies offers a cost-effective solution for enhancing building sustainability and reducing reliance on conventional energy sources.
Next Energy Technologies
Grant in 2013
Next Energy Technologies specializes in transparent photovoltaic technology that enables windows to generate electricity from sunlight. Their innovative nano-coating converts ultraviolet and infrared light into usable energy, allowing buildings to produce renewable energy on-site and contribute to net-zero energy goals. This technology maintains transparency and efficiency, even in challenging lighting conditions, and is integrated directly into dual-pane windows, which reduces additional encapsulation costs. By transforming traditional windows and glass facades into energy-generating surfaces, Next Energy Technologies offers a cost-effective solution for enhancing building sustainability and reducing reliance on conventional energy sources.
Solectria Renewables
Grant in 2011
Solectria Renewables, LLC is the U.S. based grid-tied PV inverter, string combiner and web-based monitoring manufacturer for residential, commercial and utility-scale solar projects. Our wide range of products includes 1.8kW to 500kW grid-tied inverters for systems 1kW to multi-MWs. Solectria Renewables is backed by over 20 years of power electronics and inverter experience and world class warranties. All of our commercial and utility-scale PV inverters are manufactured in the USA, ARRA compliant, Ontario FIT Content Compliant, and listed to UL 1741/IEEE 1547.
Clean Energy Systems
Venture Round in 2010
Clean Energy Systems, located in Rancho Cordova, California, focuses on developing zero-emissions commercial power plants that utilize an oxy-fuel combustion process. This innovative technology employs oxygen and various fuels to generate electricity, resulting in zero atmospheric emissions, with carbon dioxide and water as the only byproducts. The company boasts a comprehensive portfolio of patents and operates a power plant in Bakersfield, California, which serves as a testing ground for advancing its oxy-fuel technology. By promoting the adoption of zero-emission power plants, Clean Energy Systems aims to redefine industry standards in clean energy generation.
Siemens
Grant in 2010
Siemens is a global technology conglomerate headquartered in Munich, Germany, with a rich history dating back to 1847. The company specializes in providing advanced technology solutions that empower customers to transform essential industries such as manufacturing, transportation, building automation, and energy management. Siemens focuses on integrating the real and digital worlds, collaborating with various industries and innovators to enhance efficiency and sustainability. Its diverse offerings include vendor finance, working capital finance, project and corporate lending, as well as asset-based lending, primarily in sectors like equipment, technology, energy, infrastructure, mobility, and healthcare. Through its innovation and expertise, Siemens plays a crucial role in shaping the backbone of economies worldwide.
Uqm Technologies
Grant in 2010
UQM Technologies, Inc. is a Longmont, Colorado-based company founded in 1967 that specializes in the development, manufacturing, and sale of electric motors, generators, power electronic controllers, and fuel cell compressors. The company serves multiple sectors, including automotive, commercial trucks, buses, marine, military, and industrial markets. UQM Technologies provides a range of products, including propulsion motors, auxiliary motors, and DC-to-DC converters, tailored for electric, hybrid electric, and fuel cell electric vehicles. The company has developed distinct propulsion systems, such as the PowerPhase Pro and PowerPhase HD, designed for various vehicle applications. In addition to product sales, UQM Technologies offers research, development, application engineering services, and after-market support. Over the years, the company has innovated in electric motor technology and continues to advance its patented core permanent magnet motor technology to enhance performance and energy efficiency.
Beacon Power
Grant in 2009
Beacon Power, LLC specializes in the design, development, and commercialization of grid-scale flywheel energy storage systems, serving both domestic and international electric power grid operators. The company's patented flywheel technology converts and stores electric energy as rotating kinetic energy, which is utilized for enhancing power grid efficiency, balancing, and frequency regulation. Beacon Power provides various services aimed at improving grid stability and reliability, as well as facilitating the integration of renewable energy sources. Its products cater to utilities and system operators, ensuring a reliable and cost-effective power grid. The company, founded in 1997 and headquartered in Tyngsboro, Massachusetts, operates facilities in Stephentown, New York, and Hazle Township, Pennsylvania.
Resolute Marine
Grant in 2009
Resolute Marine Energy, Inc., established in 2007 and headquartered in Boston, Massachusetts, specializes in developing wave energy converters. These devices generate clean electricity from ocean waves and also facilitate the transportation of seawater to onshore desalination facilities, producing drinkable water. The company's technology supports off-grid areas, particularly in water-stressed regions, by providing power and water resources. Resolute Marine Energy has received backing from the U.S. Department of Energy (DOE) and was recognized as the 2010 winner of the Global Entrepreneurship Week's Startup Open competition.
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