Pure Lithium
Grant in 2025
Pure Lithium develops lithium metal battery technology, offering clean, sustainable, and cost-effective rechargeable batteries. Its innovative approach replaces traditional graphite anodes with pure lithium metal, enhancing energy density and battery performance. The company's products provide high discharge current density of Li-ion, significantly longer charging times, lighter weight for easier portability, and customized casings for varied environmental conditions.
TEVERRA is a clean energy technology company focused on providing innovative subsurface solutions aimed at optimizing carbon storage and energy storage. The company specializes in converting oil and gas assets into geothermal resources and offers a range of services, including the design of geothermal systems and power plants. Additionally, TEVERRA provides subsurface monitoring, visualization, and control for both geothermal and oil and gas operations. Through the development of advanced technology and consulting services, TEVERRA is dedicated to supporting international projects that contribute to a low-carbon and sustainable energy mix.
Convergent Energy and Power
Debt Financing in 2025
Convergent Energy and Power is a developer of energy storage assets, focusing on clean energy solutions. The company specializes in commercial and industrial applications to grid-connected systems, managing all aspects of the development cycle from project identification to operations.
EnerSys is a global leader in stored energy solutions for industrial applications. It manufactures and distributes reserve power batteries, motive power batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions to customers worldwide. Its products cater to diverse industries such as telecommunication, utility, medical, aerospace, defense, transportation, and government sectors.
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.
Hydrostor
Debt Financing in 2025
Hydrostor develops compressed air energy storage solutions for electricity systems. Its emission-free technology addresses needs for dispatchable capacity, renewable integration, transmission deferral, and behind-the-meter applications. The company serves customers in North America and Australia, with a strategic partnership with AECOM.
Pioneer Energy
Grant in 2025
Pioneer Energy is a service provider and manufacturer in the energy industry, specializing in original equipment for clients globally. The company designs, manufactures, and operates a diverse array of gas and liquid hydrocarbon processing equipment, including flare and tank vapor capture units, mechanical refrigeration systems, fractionators, and gas-to-liquid systems. Their offerings also encompass emissions reduction technologies that are modular, mobile, and customizable to meet specific client requirements. Committed to innovation, Pioneer Energy develops proprietary systems aimed at decarbonizing the oil and gas sector, capturing or eliminating emissions and converting wasted resources into revenue-generating products. This approach supports domestic producers in achieving environmental, social, and governance (ESG) targets while enhancing production efficiency and minimizing waste.
Stratus Materials
Grant in 2024
Stratus Materials is a manufacturer specializing in the development of manganese-rich, cobalt-free cathode active materials for lithium-ion batteries. Their products aim to deliver superior performance, enhanced safety, reduced costs, and minimal environmental impact, catering primarily to businesses seeking advanced battery solutions for electric vehicles.
Hyliion specializes in developing innovative solutions for clean, flexible, and affordable electricity production. Headquartered in Austin, Texas, the company focuses on distributed power generators that can operate on various fuel sources to future-proof against changing energy economies. Initially targeting commercial spaces, Hyliion aims to provide practical solutions contributing positively to the environment.
Quino Energy
Grant in 2024
Quino Energy specializes in manufacturing innovative battery systems that utilize organic quinone molecules dissolved in water for long-duration energy storage. Licensed from Harvard University, their technology offers a cost-effective alternative to traditional batteries for commercial and grid applications.
Qcells
Debt Financing in 2024
Qcells is a renewable energy company specializing in the development, investment, and delivery of utility-scale solar and energy storage projects. It provides comprehensive engineering, procurement, and construction solutions, ensuring the effective implementation of solar power systems. Renowned for its quality and reliability, Qcells offers a range of solar products globally, contributing to the advancement of sustainable energy solutions. The company plays a significant role in the renewable energy sector by focusing on innovative technologies and efficient project execution.
Specializes in developing renewable energy technologies, focusing on solar power. Offers sustainable energy solutions, including solar-thermal hybrid arrays, high-efficiency thermal tanks, and rapid deployment systems designed for easy installation and low maintenance.
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.
COnovate is a company developing advanced lithium-ion battery components. It uses graphene monoxide to enhance energy storage capacity in batteries.
StarPlus Energy
Debt Financing in 2024
StarPlus Energy is a manufacturer based in Kokomo, Indiana, specializing in the production of batteries for electric vehicles. The company is focused on revolutionizing the electric vehicle battery manufacturing process, aiming to enhance efficiency and performance in the industry. Through its innovative approaches, StarPlus Energy is positioned to play a significant role in the growing market for electric vehicle batteries, contributing to the transition towards sustainable transportation solutions.
EarthEn develops innovative technology for long-duration energy storage using carbon dioxide as a closed-loop system. This approach aims to provide a scalable, safe, and cost-effective solution for renewable energy storage.
Hydrogen Technologies
Grant in 2024
Hydrogen Technologies specializes in the manufacturing of zero-emission hydrogen boilers designed for commercial and industrial applications. The company's cleanH2steam DCC™ Boiler caters to a wide range of sectors, including power generation, district heating, food processing, chemical refining, pulp and paper mills, and large venues. These boilers provide an energy-efficient, cost-effective, and safe solution for traditional heating and steam needs, allowing customers to achieve both financial returns and significant reductions in emissions. Through its innovative technology, Hydrogen Technologies aims to support industries in transitioning towards cleaner energy solutions.
NeoVolta is a company specializing in the development of advanced residential energy storage solutions. The firm designs, manufactures, and sells high-end energy storage systems that enable homeowners to store and utilize solar energy through batteries and inverters. NeoVolta's products are compatible with new solar installations and cater to a diverse marketplace, including the solar industry, installation professionals, new construction homebuilders, home remodelers, and individual homeowners. Through its innovative technology, NeoVolta aims to enhance energy efficiency and sustainability in residential settings.
Shell is a global energy company operating in over 70 countries, employing approximately 87,000 people. It explores for, produces, refines, and markets oil and natural gas, while also manufacturing and marketing chemicals. The company aims to power progress responsibly by meeting the world's growing energy demand while transitioning towards cleaner energy solutions.
Relevate Power
Grant in 2024
Relevate Power specializes in reviving historic waterpower plants, utilizing superior engineering to ensure their longevity and sustainability. The company also offers financing services to homeowners for residential solar systems, water conservation upgrades, and energy-efficiency home improvements, promoting a more sustainable and river-based way of life for future generations.
Sperra specializes in innovative long-duration energy storage solutions. Their flagship product, M-PHES, utilizes multiple large hollow concrete spheres on the seafloor to store mechanical energy as pressure, supporting high renewable energy generation and expanding potential deployment areas.
Flink is a consumer fintech platform that lets users save, spend, and invest from a single app. Founded in 2017 in Mexico City, it operates a brokerage service and launched its first brokerage product in June 2020. The company serves more than 1 million users with about 800,000 brokerage accounts, and 90% of traders are first-time investors. Flink focuses on accessible financial services and growth through product, infrastructure, and security improvements to support scale.
ReJoule specializes in extending the lifespan of batteries through its innovative diagnostic platform. By reducing testing time from hours to minutes, ReJoule enables repurposing of batteries for second-life applications, thereby minimizing waste and promoting a sustainable, circular economy.
Founded in 2007, GridBeyond specializes in smart grid optimization solutions. Its platform comprises on-site hardware, cloud-based software, hybrid battery systems, demand network, and client-facing energy portal. Utilizing machine learning technology, the platform connects, controls, and automates energy demand across various sectors such as industrial, manufacturing, metals, plastics, paper, food, transport, and logistics.
Moment Energy
Grant in 2024
Moment Energy specializes in battery energy storage systems that utilize repurposed electric vehicle batteries. Its solutions aim to provide clean, reliable, and cost-effective energy storage for both on-grid and off-grid applications.
Anthro Energy
Grant in 2024
Anthro Energy is developing advanced battery technologies to address key challenges in energy storage. They focus on creating ruggedized batteries that enhance safety and enable an electrified future.
Sparkz develops innovative battery technology designed to address key challenges faced by current lithium batteries. Their cobalt-free technology aims to improve run-time, charging speed, and longevity while mitigating supply chain issues and environmental concerns, thereby accelerating advancements in electric mobility.
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.
Gevo specializes in producing renewable fuels and chemicals using sustainable resources. Its primary products include gasoline, jet fuel, diesel fuel, isobutanol, and renewable natural gas. The company aims to reduce greenhouse gas emissions by providing low-carbon alternatives to fossil fuels.
Montana Renewables
Debt Financing in 2024
Montana Renewables is a company specializing in the production of renewable diesel. It converts feedstocks like seed oils, used cooking oil, and tallow into low-emission fuels at its Great Falls facility, processing up to 15,000 barrels per stream day. These renewable products are direct replacements for fossil fuel-based diesel and jet fuel, compatible with existing engine technology and infrastructure. The company aims to reduce carbon emissions immediately while being prepared for further expansion and innovation, as outlined in its Green Financing Framework.
EVgo operates a nationwide public and private direct-current fast-charging network for electric vehicles. Its chargers support all EV models that accept DC fast charging and can deliver up to 90 miles of range in about 30 minutes. The network serves both consumer and business customers and partners with grocery chains, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments, and independent property owners to locate and deploy charging infrastructure.
Giner is a technology company focused on electrochemical systems and proton-exchange membrane technologies. It develops commercially viable fuel cells for transportation and stationary power through its electrochemical systems arm, and pursues related technologies such as electrolyzers, sensors and capacitors. In collaboration with General Motors, a portion of its operations supports an alliance to advance fuel-cell solutions. Giner also designs and fabricates components and subsystems including catalysts, membrane-electrode assemblies, screen assemblies and gaskets, enabling environmental sensing applications that detect heavy metals such as arsenic, chromium, cadmium and uranium at parts-per-billion levels. The company aims to reduce greenhouse gas emissions and expand the use of PEM-based devices across energy and sensing applications.
CorePower Magnetics
Grant in 2024
CorePower Magnetics specializes in the manufacture of electric components using advanced magnetic core technology. This innovation aims to enhance efficiency and power density, enabling significant reductions in weight, volume, and losses without relying on rare earth metals. The company's products cater to industries such as data centers, microgrids, electric vehicles (EVs), and EV charging infrastructure, offering higher current capabilities, lower power needs, increased range, and faster charging speeds.
PG&E Corporation, through its primary subsidiary Pacific Gas and Electric Company, is a major utility provider in northern and central California, delivering electricity and natural gas to millions of customers. The company's service area spans from Eureka to Bakersfield, encompassing 47 of the state's 58 counties. PG&E generates electricity from a diverse mix of sources, including nuclear, hydroelectric, fossil fuels, and renewable energy. The company operates an extensive infrastructure, comprising approximately 18,000 circuit miles of transmission lines, over 107,000 circuit miles of distribution lines, and a natural gas system with around 43,300 miles of distribution pipelines. PG&E serves a wide range of customers, including residential, commercial, industrial, and agricultural sectors. Established in 1995 and headquartered in San Francisco, PG&E has undergone significant restructuring, including a period of bankruptcy court supervision from January 2019 to June 2020, prior to its current operations.
NanoGraf 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 for lithium-ion batteries. NanoGraf has created a high energy density silicon-based anode material that presents a promising alternative to traditional graphitic-based anodes. This innovative technology has applications across various sectors, from consumer electronics to electric vehicles. The company's materials are designed to enhance battery capacity and reduce charging times, enabling the production of lithium-ion batteries through a cost-effective, chemistry-based manufacturing process.
Founded in 2011, Solid Power develops solid-state rechargeable batteries for electric vehicles and portable electronics. Its batteries contain no volatile or flammable liquid components, offering high energy density, ultimate safety, and reliability.
Harvest Thermal
Grant in 2024
Harvest Thermal develops a control system for home use that integrates heating, hot water, and cooling with thermal storage. Its Harvest Thermal Pod is a cloud-connected IoT device that is machine learning enabled. It aims to provide affordable and low-carbon heating, hot water, and cooling systems that reduce the impact on the planet while providing comfort and safer homes.
NETenergy is a thermal energy storage company based in Chicago, IL, specializing in innovative technology that aims to reduce energy consumption in buildings. The company's core product, a thermal battery, is designed to store cold energy during off-peak hours. This stored energy can then be used to cool buildings during peak hours when energy costs are elevated. By utilizing this technology, building owners can achieve significant savings on their energy bills while also contributing to lower carbon emissions.
Gas Technology Institute
Grant in 2024
Gas Technology Institute is a research, development, and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future. The company provides economic value to the natural gas industry and energy markets by developing technology-based solutions for industry, government, and consumers.
Its research initiatives address issues impacting the natural gas and energy markets across the industry’s value chain—supply, delivery, and end use. GTI offers an integrated systems perspective to expand the supply of affordable energy, ensure a safe and reliable energy delivery infrastructure, and promote the efficient use of energy resources.
GTI is based in Des Plaines, Illinois, founded in 1941 as a non-profit corporation.
Barrio Eléctrico
Grant in 2024
Barrio Eléctrico offers residential solar-plus-storage leases, relying on community engagement to support the systems.
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
EnPower, Inc. is a manufacturer of lithium-ion battery cells and packs, primarily focusing on applications in electric mobility, industrial robotics, and satellites. Founded in 2014 and based in Phoenix, Arizona, the company is known for its patented multi-layer electrode architectures that address the energy and power trade-offs in lithium-ion batteries. This innovative technology allows for high energy density cells that can charge three times faster and deliver 70% higher power without compromising service life. EnPower aims to revolutionize the electric vehicle market, which is expected to experience significant growth, by licensing its scalable technology to automotive original equipment manufacturers and global cell manufacturers. The company operates a pilot manufacturing facility capable of producing 240 kWh per year, facilitating rapid prototyping of its battery solutions.
MAAT Energy represents one of the most significant opportunities to impact climate change.
Parthian Energy
Grant in 2024
Parthian Energy develops advanced battery systems for the 21st century. Its core innovation is an electromagnetic-based battery screening sensor, which significantly enhances resolution in clean energy storage and transportation electrification.
Oscilla Power
Grant in 2024
Oscilla Power develops renewable energy solutions using its proprietary iMEC technology. It specializes in converting mechanical energy to electricity, focusing on utility-scale wave energy generation and downhole power for the oil & gas industry.
Resilient Power Systems
Grant in 2024
Resilient Power Systems provides power converters such as DCFC supercharging stations in a box and renewable H2 energy power converters. The company is developing products to accelerate the deployment of EV charging systems everywhere, they deliver packages to customers, and its technology has the potential to change the delivery of packages.
Resilient Power's commercial applications provide EV charger-to-grid technology that is radically efficient. When it comes to municipal, residential development, retail, hospitality, or other applications where time and space are limited, Resilient's line of advanced, solid-state power stations is the answer.
Its ultra-compact EV charging depots connect directly to the existing distribution grid, allowing clients to build EV fleets and public charging stations in days rather than months, reducing costly and disruptive site construction. When Resilient's line of high-voltage power electronics is added to the electric power grid, it improves grid efficiency and reliability.
Giner is a technology company focused on electrochemical systems and proton-exchange membrane technologies. It develops commercially viable fuel cells for transportation and stationary power through its electrochemical systems arm, and pursues related technologies such as electrolyzers, sensors and capacitors. In collaboration with General Motors, a portion of its operations supports an alliance to advance fuel-cell solutions. Giner also designs and fabricates components and subsystems including catalysts, membrane-electrode assemblies, screen assemblies and gaskets, enabling environmental sensing applications that detect heavy metals such as arsenic, chromium, cadmium and uranium at parts-per-billion levels. The company aims to reduce greenhouse gas emissions and expand the use of PEM-based devices across energy and sensing applications.
Dioxide Materials
Grant in 2024
Dioxide Materials is focused on developing innovative technologies aimed at producing clean energy by recycling waste carbon dioxide into valuable fuels and chemicals. The company specializes in creating advanced materials, including Sustainion membranes and ionomers, which serve as catalysts and electrolytes in various electrochemical cells. Their systems are designed to efficiently convert carbon dioxide and water into renewable syngas, as well as utilize air, water, and renewable energy to produce renewable gasoline. By enabling efficient production methods for hydrogen and other clean energy fuels, Dioxide Materials contributes to reducing greenhouse gas emissions and supports the transition to a low-carbon economy.
Aspen Aerogels
Grant in 2024
Aspen Aerogels, Inc. is a leading company in the aerogel technology sector, specializing in the design, development, manufacture, and sale of high-performance insulation products. Founded in 2001 and headquartered in Northborough, Massachusetts, the company primarily serves the energy infrastructure and building materials markets globally. Its product lineup includes Pyrogel XTE, Pyrogel HPS, and Cryogel Z, which are tailored for various applications, including power generation and cryogenic systems. Aspen Aerogels also offers solutions like Spaceloft, designed for both offshore oil production and building materials. The company's insulation solutions are recognized for their superior thermal efficiency, often outperforming traditional materials by up to eight times. Additionally, Aspen Aerogels engages in research and development activities, collaborating with U.S. government agencies and other institutions to advance aerogel technology.
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.
Bedrock Energy
Grant in 2024
Bedrock Energy develops autonomous drilling technology and advanced subsurface simulation software to enable geothermal heating and cooling, with the aim of making geothermal installations for buildings more widespread, affordable, and accessible, while helping construction projects reduce costs and support sustainability.
Expand Power Technologies
Grant in 2024
Expand Power Technologies manufactures innovative, solid-state transformer modules that enhance urban electrification and strengthen power grids. Utilizing wide-bandgap semiconductors and power electronics, their compact, lightweight, and cost-effective solutions are designed for both commercial and domestic use, offering improved safety and reduced manufacturing lead times and costs. By targeting previously prohibited locations, the company aims to expand electrification opportunities and bolster grid security.
Zero Homes operates a home electrification marketplace that enables homeowners to plan, purchase, and schedule electrification projects. The platform offers electrification guidance through virtual home energy assessments, decarbonization roadmaps tailored to each residence, and scoped, priced projects designed to deliver all-electric upgrades without on-site visits. By combining planning tools, transparent pricing, and scheduling capabilities in a single digital platform, Zero Homes helps homeowners access retrofits that improve comfort, reduce emissions, and simplify the transition to electric systems.
Founded in 2007, GridBeyond specializes in smart grid optimization solutions. Its platform comprises on-site hardware, cloud-based software, hybrid battery systems, demand network, and client-facing energy portal. Utilizing machine learning technology, the platform connects, controls, and automates energy demand across various sectors such as industrial, manufacturing, metals, plastics, paper, food, transport, and logistics.
Smartville is a company that specializes in developing an end-to-end platform aimed at unlocking the value of electric vehicle (EV) batteries. Its innovative solution includes a battery pack in-field testing kit, data-driven analytics, a marketplace, and advanced battery management hardware, all designed to facilitate the reuse of spent EV batteries. By efficiently refurbishing and repurposing these batteries, Smartville has the potential to upcycle over 100 GWh of batteries each year, thereby extending battery life and reducing the need for premature recycling. The company creates modular and standardized energy storage systems from these repurposed batteries, providing automakers with a viable market solution for second-life applications.
Frontier Energy
Grant in 2024
Frontier Energy is a consulting firm that delivers energy solutions and efficiency services across the real‑estate sector. Its offerings span industrial energy efficiency, building and appliance performance testing, electric‑vehicle integration, decarbonization strategies, hydrogen and fuel‑cell technologies, direct installation, incentive program design, and compliance with codes and standards. The company also provides zero‑net‑energy consulting, commercial food‑service energy efficiency, alternative transportation solutions, software development, program development and implementation, and community outreach. By combining technical expertise with tailored consulting, Frontier Energy helps clients reduce consumption, lower costs, and advance sustainability goals.
ExSorbtion is a technology developer specializing in Direct Lithium Extraction (DLE) solutions. The company focuses on extracting lithium from oilfield and geothermal brines, as well as salars, utilizing innovative methods that distinguish its offerings in the market. By providing low-cost and efficient extraction technologies, ExSorbtion aims to supply high-quality energy storage materials to its partners and customers, contributing to the growing demand for sustainable energy solutions.
Saft is a leading manufacturer of advanced technology batteries, specializing in industrial and defense applications. The company designs and produces a range of battery solutions, including low-voltage batteries, carbon capacitors, rechargeable lithium batteries, and aviation nickel-cadmium batteries. Saft focuses on high-technology lithium-ion batteries, targeting markets such as renewable energy storage, transportation, and telecommunication networks. With a commitment to innovation, the company serves various sectors, including aviation, railway, industrial standby, defense, and emergency lighting, providing reliable energy solutions for critical applications.
Ion Storage Systems
Grant in 2024
Founded in 2015, Ion Storage Systems specializes in manufacturing solid-state lithium-ion batteries. The company serves the defense and aerospace, consumer electronics, and electric vehicles industries by developing energy-dense, safe, and non-flammable batteries using low-cost materials.
Pioneer Energy
Grant in 2024
Pioneer Energy is a service provider and manufacturer in the energy industry, specializing in original equipment for clients globally. The company designs, manufactures, and operates a diverse array of gas and liquid hydrocarbon processing equipment, including flare and tank vapor capture units, mechanical refrigeration systems, fractionators, and gas-to-liquid systems. Their offerings also encompass emissions reduction technologies that are modular, mobile, and customizable to meet specific client requirements. Committed to innovation, Pioneer Energy develops proprietary systems aimed at decarbonizing the oil and gas sector, capturing or eliminating emissions and converting wasted resources into revenue-generating products. This approach supports domestic producers in achieving environmental, social, and governance (ESG) targets while enhancing production efficiency and minimizing waste.
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
Blip Energy develops smart battery systems designed to mitigate peak demand on the power grid. Their plug-and-play hardware optimizes energy costs for users while reducing operational expenses for utilities, with no permitting or installation barriers.
Moment Energy
Grant in 2024
Moment Energy specializes in battery energy storage systems that utilize repurposed electric vehicle batteries. Its solutions aim to provide clean, reliable, and cost-effective energy storage for both on-grid and off-grid applications.
CleanTech Strategies
Grant in 2024
CleanTech Strategies (CTS) is a subject matter expert firm specializing in energy storage, power electronics, microgrids, renewables, and advanced materials.
BRITE Energy Innovators
Grant in 2024
BRITE Energy Innovators is an incubator located in Warren, Ohio, dedicated to supporting energy technology startups. Established in 2010, BRITE provides crucial resources, guidance, and connections to help these companies develop their products and bring them to market. With a strong emphasis on energy technologies, BRITE offers advanced materials, electronics, efficiency, and control systems as part of its comprehensive support. The organization features well-equipped laboratories for testing and developing energy storage and IoT solutions, making it accessible for startups and businesses of all sizes. Additionally, BRITE hosts coworking memberships and event spaces to foster collaboration and innovation. Since its inception, BRITE has assisted over 200 startups and has played a significant role in helping them secure in excess of $60 million in funding.
Battery Council International
Grant in 2024
Battery Council International (BCI) is a trade association for the battery business that teaches people about the importance of batteries in powering daily life.
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.
Ørsted develops, maintains, and operates offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Its vision is a world powered entirely by green energy. Formerly known as DONG Energy, Ørsted has transformed from a black to a green energy company over the past decade, reducing its coal consumption significantly and aiming for full phase-out by 2023. As a global leader in offshore wind with a market share of 25%, it currently powers approximately 9.5 million people.
Skyven Technologies
Grant in 2024
Skyven Technologies is an energy-as-a-service company specializing in decarbonizing industrial process heat. It works with manufacturers in hard-to-decarbonize industries, providing clean, emissions-free process heat at prices lower than natural gas. Skyven installs its advanced technology, such as the Arcturus line of steam generating heat pumps, with no upfront capital cost or disruption to existing processes. The company monitors carbon emissions in real-time and bills clients only for the clean energy delivered. It offers dashboards displaying real-time data-backed savings and carbon metrics.
Nuvera Fuel Cells
Grant in 2024
Nuvera Fuel Cells, LLC is a manufacturer specializing in heavy-duty, zero-emissions fuel cell engines designed for mobility applications. The company operates facilities in the United States and Europe, focusing on developing innovative fuel cell technology to serve the fuel cell power and hydrogen supply industry. Nuvera's product offerings include solutions for on- and off-road vehicles, port and maritime applications, as well as stationary and portable power systems. By providing clean and efficient energy solutions, Nuvera enables its clients to meet demanding commercial requirements and environmental mandates in various transportation and industrial sectors.
Electric Hydrogen
Grant in 2024
Electric Hydrogen is a company focused on deep decarbonization by developing low-cost, high-efficiency systems for producing fossil-free hydrogen. The company targets industrial sectors such as ammonia and steel production, which contribute significantly to global greenhouse gas emissions. By rethinking electrolysis technology from scratch, Electric Hydrogen aims to make clean hydrogen competitive with traditional methods in terms of cost and scale. Their advanced PEM (Proton Exchange Membrane) technology uses renewable electricity to generate clean hydrogen gas, reducing industrial pollution and dependence on fossil fuels. The company's leadership team brings extensive experience from pioneering clean energy companies like Tesla and First Solar, positioning Electric Hydrogen as a strong contender in the quest for zero-emission industrial processes.
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on clean and zero-emission technologies for electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell systems, fuel processing technologies, and hybrid solutions, alongside the necessary hydrogen storage and dispensing infrastructure. Its products include GenDrive, a hydrogen-powered PEM fuel cell system for material handling vehicles; GenFuel, which encompasses hydrogen delivery and dispensing; GenCare, a maintenance program for its fuel cell systems; and GenSure, a stationary fuel cell solution for backup and grid-support power. Plug Power also offers the GenKey solution, which integrates all essential components for fuel cell power, and ProGen, a fuel cell stack technology used in various applications. With over 40,000 deployed fuel cell systems, Plug Power is a significant player in the hydrogen economy and has established a network of hydrogen highways across North America. Founded in 1997 and headquartered in Latham, New York, the company serves a diverse clientele, including major corporations and industries.
Verdagy specializes in innovative water electrolysis technology for large-scale green hydrogen production. Based in Moss Landing, California, the company operates laboratory and pilot plant facilities to advance its technology platform, aiming to achieve low upfront capital costs and competitive unit economics.
Ionomr Innovations
Grant in 2024
Ionomr Innovations designs and manufactures advanced ion-exchange membranes and polymers for clean tech applications. Founded in 2013, the company pioneers environmentally friendly materials to replace toxic fluorinated chemicals in electrochemical systems, enabling more efficient and sustainable solutions for water treatment, energy storage, hydrogen production, and chemical remediation.
AvCarb Material Solutions
Grant in 2024
AvCarb Material Solutions is a producer of application-enabled carbon parts for flow batteries, hydrogen fuel cells, and electrolyzers, as well as for commercial and industrial uses. The company provides engineered materials that enable the production of hydrogen, the conversion of hydrogen into electricity, and the storage of energy. The company's products include felts, papers, woven fabrics, gas diffusion layers, molded graphite layers, and molded laminates used in electrochemical and friction applications.
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.
OxEon Energy
Grant in 2024
OxEon Energy develops solid oxide fuel cell technology for enhancing solid oxide electrolyzers. They offer solutions such as synthetic fuel production, custom catalyst support formulations, electrode powder and ink formulation, hazardous gas passivation, natural gas value addition, and energy storage systems to clients in the energy generation and storage sector.
Ecolectro develops scalable, low-cost clean hydrogen energy solutions. Its patented polymer membranes enable efficient hydrogen production using electrolyzers, without the need for precious metals like platinum.
Power to Hydrogen
Grant in 2024
Power to Hydrogen is a company developing hydrogen production technology using AEM-based electrolysis. The system produces high-pressure hydrogen from renewable energy with lower-cost materials, reducing stack costs by utilizing a hybrid liquid alkaline anion exchange membrane design that avoids expensive metals. The technology integrates with variable renewables and can also produce high-pressure oxygen and operate reversibly to generate electricity, creating additional revenue streams. It aims to lower the total cost of hydrogen to around $1 per kilogram and supports clean transportation, energy storage, and industrial decarbonization. Applicable to transportation and energy sectors, the technology enables sustainability goals through low-cost, high-pressure hydrogen production and potential co-produced oxygen and energy services.
Energy Internet Corporation
Grant in 2024
Energy Internet Corporation unites engineering and hardware systems to produce efficient energy storage and renewable energy distribution.
Founded in 2008, 8 Rivers specializes in developing infrastructure-scale technologies aimed at significantly reducing or eliminating CO2 emissions. The company focuses on oxy-combustion and ultra-low carbon intensity processes, offering solutions such as ultra-low carbon hydrogen production (8RH2), transformative low-carbon power cycles (Allam-Fetvedt Cycle), and hyper-efficient direct air capture (Calcite). With over $1 billion in funding and a portfolio of CO2-related patents, 8 Rivers works with clients worldwide to achieve net-zero goals while balancing economics and science.
Carbon Solutions
Grant in 2024
Carbon Solutions provides low-carbon energy research and development and software. They offer carbon management services. They support integrated CO₂ capture, transport, and storage solutions. They offer market assessments, project feasibility, and project design services.
Amsen Technologies
Grant in 2024
Amsen Technologies mission is to develop solar fuels generators that convert water and carbon dioxide to storable chemical fuels using sunlight would be substantially beneficial for energy production and storage.
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.
Zeta Energy, founded in 2014, specializes in the development and commercialization of safe, high-performance rechargeable batteries that are both cost-effective and sustainably manufactured. The company has made significant advancements in battery technology, particularly with its proprietary lithium-sulfur battery system, which features both a unique cathode and anode. This innovative system boasts significantly higher energy density compared to traditional anode chemistries while addressing common issues such as dendrite formation associated with lithium metal. Zeta Energy aims to contribute to climate change solutions and democratize energy production by providing long-lasting, affordable rechargeable batteries that do not contain cobalt, zinc, nickel, or manganese. With a management team that has over 100 years of combined experience in technology development and commercialization, Zeta is positioned to lead advancements in battery technology.
Koloma is a company specializing in geologic hydrogen production. It leverages proprietary technology, data, and expertise to identify and develop geologic hydrogen resources. The company's data-driven approach aims to reduce global carbon emissions, enabling businesses to lower their environmental impact.
Lyten is an advanced materials company focused on low-carbon solutions. It converts methane-derived carbon into a tunable 3D graphene material that underpins decarbonization applications. The company develops lithium-sulfur battery technology aimed at automotive, aerospace, and defense sectors, seeking higher energy density, longer range, faster charging, and improved safety while reducing carbon footprint. It is also developing a polymer composite that can reduce plastic usage by about 50% without compromising structural integrity or impact resistance. Additionally, Lyten is advancing next-generation sensors with enhanced sensitivity and selectivity for automotive, industrial, health, and safety applications.
Gas Technology Institute
Grant in 2024
Gas Technology Institute is a research, development, and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future. The company provides economic value to the natural gas industry and energy markets by developing technology-based solutions for industry, government, and consumers.
Its research initiatives address issues impacting the natural gas and energy markets across the industry’s value chain—supply, delivery, and end use. GTI offers an integrated systems perspective to expand the supply of affordable energy, ensure a safe and reliable energy delivery infrastructure, and promote the efficient use of energy resources.
GTI is based in Des Plaines, Illinois, founded in 1941 as a non-profit corporation.
RedoxBlox develops thermochemical energy storage technology to decarbonize high-temperature industrial thermal processing and provide long-duration energy storage for the grid. The technology enables continuous high-temperature heat while integrating with existing infrastructure to replace natural gas combustion, supporting electrification and renewables deployment. It reduces carbon dioxide and nitrogen oxides emissions, enhances safety and resilience, and aims to lower total capital cost for industrial processors and power plant operators. By delivering scalable, long-duration heat, RedoxBlox helps industries leverage renewable energy and move toward low-emission operations.
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 focuses on providing reliable capacitive energy storage and filtering solutions that can operate at elevated voltages and temperatures, which are essential for next-generation high-density power conversion systems. By offering advanced dielectric materials, Caporus enables its clients to meet the growing demands of power conversion systems, which are critical for facilitating the electrification of transportation and the integration of distributed energy resources into the electrical grid.
Carbon Solutions
Grant in 2023
Carbon Solutions provides low-carbon energy research and development and software. They offer carbon management services. They support integrated CO₂ capture, transport, and storage solutions. They offer market assessments, project feasibility, and project design services.
Susteon is a company focused on developing innovative energy transition technologies aimed at addressing environmental challenges. It specializes in direct air capture (DAC) technology, which captures carbon dioxide directly from high-emission sources. Susteon’s proprietary Dual-Functional Materials (DFM) not only capture carbon dioxide from the atmosphere but also convert it into Renewable Natural Gas (RNG). This capability allows clients to produce various fuels, including diesel and aviation fuel, from the captured carbon dioxide. Through its projects, including support from the Department of Energy, Susteon is committed to advancing sustainable solutions for carbon management and fuel production.
Nanoramic Laboratories
Grant in 2023
Founded in 2008, Nanoramic Laboratories specializes in developing and manufacturing advanced energy storage solutions. The company designs, manufactures, and licenses Neocarbonix electrodes for rechargeable Li-ion batteries, FastCAP ultracapacitors, and Thermexit thermal interface gap filler pads. Its products are designed to operate under extreme conditions, with applications in electric vehicles, consumer electronics, and industrial sectors.
CorePower Magnetics
Grant in 2023
CorePower Magnetics specializes in the manufacture of electric components using advanced magnetic core technology. This innovation aims to enhance efficiency and power density, enabling significant reductions in weight, volume, and losses without relying on rare earth metals. The company's products cater to industries such as data centers, microgrids, electric vehicles (EVs), and EV charging infrastructure, offering higher current capabilities, lower power needs, increased range, and faster charging speeds.
Marin Clean Energy
Grant in 2023
Marin Clean Energy is a company that provides renewable electricity services through Community Choice Aggregation programs in Contra Costa, Marin, Napa, and Solano Counties. It aims to reduce greenhouse gas emissions by promoting the adoption of renewable energy.
National Grid
Grant in 2023
National Grid is a major investor-owned energy company that owns and operates electricity transmission systems in England and Wales and manages regulated gas and electricity networks in the United Kingdom and United States. It focuses on delivering electricity and gas safely, reliably, and efficiently to customers and communities, while transforming networks with smarter, cleaner, and more resilient energy solutions to support decarbonisation. In the United Kingdom, it owns the electricity transmission and distribution assets and gas transmission infrastructure and also provides metering services. In the United States, it owns regulated transmission and generation assets serving multiple states, along with metering services and merchant transmission lines. It also operates the Grain LNG facility in the United Kingdom. As one of the world's largest investor-owned energy companies, National Grid oversees investments through its regulated businesses and related ventures, aiming to connect millions of customers to dependable energy while pursuing energy-system innovation and decarbonisation.
Generac Grid Services
Grant in 2023
Generac Grid Services specializes in advanced energy grid software that supports the energy industry by optimizing energy distribution and managing electric vehicle (EV) loads. The company utilizes a real-time energy-balancing platform designed to enhance the operational stability of power grids by effectively harnessing distributed energy resources, including flexible loads, energy storage, and renewable energy sources. Generac Grid Services provides essential tools for energy retailers and utilities, enabling them to dynamically optimize and dispatch resources to meet the real-time demands of the power system. By leveraging this technology, the company addresses the complexities associated with increasingly variable energy assets and evolving market opportunities, thereby enhancing overall grid reliability and efficiency.
Xcel Energy is a leading electric and natural gas utility company serving approximately 6 million customers across eight states. It generates power through diverse sources including coal, nuclear, natural gas, hydro, solar, wind, and biomass. The company is committed to reducing carbon emissions and aims to supply more than half of its electricity from renewable sources by 2030.