US Department of Energy is a government agency that regulates energy policy, research, and development. The Energy Department's mission is to ensure America’s security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions.
TEVERRA is a clean energy technology company that provides innovative subsurface solutions aimed at optimizing carbon storage, energy storage, and geothermal operations. The company focuses on converting oil and gas assets into geothermal resources and offers a range of services including subsurface thermal energy storage, geothermal systems, and power plant design. Additionally, TEVERRA specializes in subsurface monitoring, visualization, and control for both geothermal and oil and gas sectors. By developing advanced technology and implementing international projects, TEVERRA supports the transition to a low-carbon and sustainable energy mix.
Ioneer
Post in 2025
Ioneer limited is a materials provider of lithium-boron with a vision of creating for a sustainable future through its 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada, USA.
EnerSys
Grant in 2025
EnerSys is the global leader in stored energy solutions for industrial applications. We manufacture and distribute reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Motive power batteries and chargers are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including medical, aerospace and defense systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. EnerSys also provides aftermarket and customer support services to customers from over 100 countries through our sales and manufacturing locations around the world. Our reserve power batteries are marketed and sold principally under the PowerSafe, DataSafe, Hawker, Genesis, ODYSSEY and CYCLON brands. Our motive power batteries are marketed and sold principally under the Hawker, IRONCLAD, General Battery, Fiamm Motive Power, Uranio, Oldham and Express brands. We also manufacture and sell related direct current—DC—power products including chargers, electronic power equipment and a wide variety of battery accessories. Our battery products span a broad range of sizes, configurations and electrical capabilities, enabling us to meet a wide variety of customer applications. EnerSys maintains its leadership position by providing customers with world-class products and services, achieved through total employee involvement, teamwork, and supplier partnerships. Exceeding our customers' expectations and supplying the highest quality products and services are paramount at EnerSys. This belief is the foundation that helps shape the company's vision for progress and allows our customers to achieve their goals.
Hydrostor
Debt Financing in 2025
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.
Arizona Public Service
Debt Financing in 2025
Arizona Public Service Company (APS) is a utility and electricity provider based in Phoenix, Arizona, and has been in operation since its founding in 1886. The company generates electricity from a mix of coal-fired and renewable energy sources, serving both residential and commercial customers. As a subsidiary of Pinnacle West Capital Corporation, APS offers vertically-integrated electric utility services, delivering reliable and affordable energy through retail and wholesale channels. Its commitment to clean energy solutions reflects the company's focus on providing sustainable power to its clients.
Hyliion
Grant in 2024
Hyliion is an innovative company based in Austin, Texas, specializing in electrified solutions for the commercial vehicle industry and other sectors. The company focuses on reducing carbon intensity and greenhouse gas emissions by providing efficient electrified powertrain solutions for Class 8 commercial vehicles. Among its offerings are the Hybrid system and the Hypertruck ERX system, designed to minimize the total cost of ownership for fleet operators. In addition to its work in transportation, Hyliion is developing distributed power generators that can utilize multiple fuel sources, addressing the need for flexible and sustainable electricity production. Their KARNO generator employs a fuel-agnostic approach and features a unique linear heat generator architecture, catering to both stationary and mobile applications. Through these advancements, Hyliion aims to contribute positively to the energy economy while offering practical solutions for a cleaner future.
Qcells
Debt Financing in 2024
Qcells is a renewable energy platform specializing in solar power and energy storage solutions. The company focuses on developing, investing in, and delivering utility-scale solar projects. Through its engineering, procurement, and construction capabilities, Qcells aims to provide high-quality and reliable solar products globally. Their commitment to renewable energy positions them as a key player in the transition to sustainable energy sources.
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
Grant in 2024
COnovate is a startup focused on enhancing lithium-ion battery technology through the development of innovative materials. The company produces bio-sourced electrode materials known as eCOphite, which utilize a graphene monoxide composition to improve energy storage capacity. These carbon-based nanomaterials are designed to integrate seamlessly with existing battery designs, offering a scalable and cost-effective alternative for anode materials. COnovate's products aim to provide higher performance, faster charging capabilities, and improved safety in battery operation, positioning the company as a key player in the advancement of energy storage solutions.
DNV
Grant in 2024
DNV is a global quality assurance and risk management company dedicated to safeguarding life, property, and the environment. It provides digital solutions that enhance safety and optimize asset performance across various sectors, including maritime, oil and gas, energy, and infrastructure. DNV offers services such as classification, technical assurance, software solutions, and independent expert advice, which enable clients to improve safety and sustainability in their operations. The company is also involved in corporate venture capital through DNV Ventures, which invests in startups aligned with its mission of promoting safety and environmental stewardship.
ClearSign Combustion
Grant in 2024
ClearSign Combustion Corporation (NASDAQ: CLIR) designs and develops technologies that aim to improve key performance characteristics of combustion systems including energy efficiency, emissions control, fuel flexibility and overall cost effectiveness. Our Electrodynamic Combustion Control™ (ECC™) platform technology improves control of flame shape and heat transfer and optimizes the complex chemical reactions that occur during combustion in order to minimize harmful emissions. For more information about the Company, please visit: www.clearsigncombustion.com.
NeoVolta
Post in 2024
NeoVolta is a developer of smart residential energy storage solutions. NeoVolta provides home energy storage solutions that can be paired with new solar installations.
Shell
Grant in 2024
Shell is a global energy company focused on the exploration, production, refining, and marketing of oil and natural gas, along with the manufacturing and marketing of chemicals. As a wholly owned subsidiary of Royal Dutch Shell, it operates in over 70 countries and employs approximately 87,000 people. Shell aims to meet the world's increasing energy demands in a responsible manner, emphasizing a transition to lower-carbon energy solutions. The company is committed to advancing sustainability through innovative technologies and practices, striving to balance economic growth with environmental and social responsibilities. Shell continuously assesses market dynamics and competitive forces to enhance its operational performance and maximize sustainable cash flow while adhering to high standards of health, safety, and ethical compliance.
Prometheus Materials
Grant in 2024
Prometheus Materials focuses on the development of bio-cement designed to achieve zero carbon emissions, contributing to global sustainability efforts. The company specializes in creating innovative construction materials that utilize algae, water, ambient carbon dioxide, sunlight, and sand. By producing bio-cement and bio-concrete that are carbon negative, Prometheus Materials enables clients to adopt more sustainable practices in construction, thereby helping to reduce overall carbon dioxide emissions associated with traditional concrete production.
Li-Cycle
Post in 2024
Li-Cycle is a clean technology firm specializing in the resource recovery of end-of-life lithium-ion batteries. The company utilizes its proprietary Spoke and Hub recycling process, which involves two main components: the Spokes, where battery manufacturing scrap and used batteries are processed to produce black mass, and the Hubs, where this black mass is further refined to recover essential raw materials such as lithium carbonate, cobalt sulfate, and nickel sulfate. Li-Cycle's innovative approach aims to recover 80 to 100% of materials from lithium-ion batteries, promoting a sustainable and safe solution for the growing demand for critical battery resources.
Relevate Power
Grant in 2024
Relevate Power Passionately revitalizing historic waterpower plants with superior engineering, ensuring longevity to safeguard our river-based way of life for future generations.
Moment Energy
Grant in 2024
Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.
Infinitum
Grant in 2024
Infinitum focuses on developing advanced electric motors that prioritize sustainability and efficiency. The company utilizes patented printed circuit board stator technology to create lightweight motors that replace traditional iron and copper components, significantly enhancing motor efficiency while reducing costs. Infinitum's designs aim to provide end users with a smaller, lighter, and quieter alternative to conventional motors, ultimately contributing to a reduced carbon footprint throughout the motor's lifecycle. By offering innovative solutions, Infinitum is committed to making a meaningful impact on both the environment and the performance needs of its clients.
Terra CO2
Grant in 2024
Terra CO2 Technologies focuses on producing low-carbon alternatives for cement by utilizing local and abundant feedstocks from existing aggregate mines. The company specializes in high-performing, cost-competitive cementitious materials that serve as environmentally friendly substitutes for traditional cement. Through innovative manufacturing techniques, Terra CO2 aims to transform the production of these materials, thereby reducing both material and logistics costs. Their supplementary cementitious materials and zero-carbon cement undergo rigorous third-party testing to ensure performance under challenging conditions, positioning the company as a leader in offering sustainable solutions to address pressing environmental issues in the construction industry.
Sparkz
Grant in 2024
Sparkz specializes in innovative battery technology aimed at addressing the limitations of traditional lithium batteries. The company's cobalt-free approach effectively tackles several significant challenges, including low run-time, slow charging rates, rapid deterioration, and supply chain issues. Additionally, Sparkz's technology is designed with environmental and safety concerns in mind, making it a promising solution for the electric mobility sector. By enhancing electrochemical energy storage capabilities, Sparkz is poised to support the growth and advancement of electric mobility innovations.
Arizona Public Service
Grant in 2024
Arizona Public Service Company (APS) is a utility and electricity provider based in Phoenix, Arizona, and has been in operation since its founding in 1886. The company generates electricity from a mix of coal-fired and renewable energy sources, serving both residential and commercial customers. As a subsidiary of Pinnacle West Capital Corporation, APS offers vertically-integrated electric utility services, delivering reliable and affordable energy through retail and wholesale channels. Its commitment to clean energy solutions reflects the company's focus on providing sustainable power to its clients.
LanzaTech
Grant in 2024
LanzaTech is turning our global carbon crisis into a feedstock opportunity with the potential to displace 30% of crude oil use today and reduce global CO2 emissions by 10%. By recycling carbon from industrial off-gases; syngas generated from any biomass resource (e.g. municipal solid waste (MSW), organic industrial waste, agricultural waste); and reformed biogas, LanzaTech can reduce emissions and make new products for a circular carbon economy. LanzaTech’s carbon recycling technology is like retrofitting a brewery onto an emission source like a steel mill or a landfill site, but instead of using sugars and yeast to make beer, pollution is converted by bacteria to fuels and chemicals! Imagine a day when your plane is powered by recycled GHG emissions, when your yoga pants started life as pollution from a steel mill. This future is possible using LanzaTech technology.
Transaera
Grant in 2024
Transaera specializes in the development of energy-efficient cooling systems aimed at minimizing energy consumption and greenhouse gas emissions. The company employs an innovative desiccant material that effectively removes moisture from the air prior to the cooling process, enhancing indoor comfort. Its solutions are designed for both residential and commercial applications, providing affordable and environmentally friendly cooling options that improve indoor climate control. By reducing the energy demands typically associated with conventional air conditioning units, Transaera's technologies support greater productivity while also alleviating strain on local grid infrastructure and contributing to a more sustainable global climate.
Wabash Valley Resources
Debt Financing in 2024
Wabash Valley Resources develops innovative and effective solutions to manufacture, store, and deliver hydrogen energy worldwide.
1PointFive
Grant in 2024
1PointFive is a platform focused on Carbon Capture, Utilization, and Sequestration (CCUS), aiming to provide effective solutions for decarbonization and the reduction of CO₂ emissions. The company specializes in direct air capture technology, which enables the extraction of carbon dioxide directly from the atmosphere, independent of emission sources. By commercializing direct air capture facilities at an industrial scale, 1PointFive supports industries that are challenging to decarbonize, including long-haul trucking, shipping, and aviation. This approach contributes to the broader goal of mitigating climate change and fostering a circular carbon economy.
kWh Analytics
Grant in 2024
kWh Analytics is the market leader in solar risk management. By leveraging the most comprehensive performance database of solar assets in the United States (20% of the U.S. asset class) and the strength of the global insurance markets, kWh Analytics’ customers are able to minimize risk and increase equity returns of their solar portfolios. kWh Analytics invented the Solar Revenue Put to help solar investors reduce their biggest cost: the cost of capital. The credit enhancement has been valued by the leading project finance banks and implemented by top investors on $500M+ of solar projects. We wrote the book on “risk management” for solar investors, and our software solution, HelioStats, supports the market’s largest financial institutions on their data management and compliance obligations. kWh Analytics is backed by private venture capital and the US Department of Energy. kWh Analytics was founded in 2012 and is based in San Francisco, California.
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.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
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.
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.
InnoSense
Grant in 2024
InnoSense is a research and development organization specializing in sensors, materials, coatings, renewable energy, and medical diagnostic devices and therapeutic agents. The company serves various industries, including defense, aerospace, energy, health care, and industrial markets, offering innovative solutions tailored to the specific needs of these sectors. Through its focus on advanced engineering and technology, InnoSense aims to develop cutting-edge products that address key challenges and enhance operational efficiency in diverse applications.
SkyNano
Grant in 2024
SkyNano is a technology company dedicated to addressing carbon pollution through innovative solutions. It specializes in converting carbon emissions into valuable chemical feedstocks for the production of advanced carbon materials. Utilizing proprietary electrochemistry, SkyNano offers a low-cost and scalable manufacturing process that is both sustainable and efficient. The company's approach aims to provide functional materials that can have a wide range of applications, helping clients mitigate the adverse effects of climate change while promoting a more sustainable future.
Carbon To Stone
Grant in 2024
Carbon To Stone is a developer focused on carbon management and resource recovery solutions for heavy industries. The company specializes in the process of carbon mineralization, which captures carbon dioxide from the atmosphere or specific emission sources and combines it with alkaline industrial residues. This innovative approach converts carbon dioxide into solid carbonates, effectively locking atmospheric carbon into stone. In addition to mitigating carbon emissions, Carbon To Stone enables the recovery of energy-critical metals and materials from environmental waste, contributing to a more sustainable industrial process.
Triton Anchor
Grant in 2024
Triton Anchor specializes in subsea technology aimed at improving anchor systems for offshore applications. The company provides innovative anchoring solutions, including catenary and tension leg configurations, suitable for various soil types. Triton Anchor's technology focuses on delivering efficient and cost-effective anchoring station-keeping services, offering a low-weight, modular system that can be silently installed. This versatility allows clients in the offshore wind industry to optimize their anchoring solutions, enhancing performance while reducing costs.
Aspen Aerogels
Grant in 2024
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of high-performance aerogel insulation products targeted primarily at the energy infrastructure and building materials markets. The company’s offerings include a range of products such as Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. These products are notably more effective than traditional insulation materials, providing superior thermal performance with reduced weight and thickness. Aspen Aerogels also extends its expertise through contract research services for various U.S. government agencies, including the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, the company has established a global presence, focusing on innovation within its core markets.
Form Energy
Grant in 2024
Form Energy, Inc. specializes in the development of long-duration energy storage systems aimed at enhancing the reliability of renewable energy sources such as wind and solar. Founded in 2017 and based in Somerville, Massachusetts, the company focuses on creating low-cost battery systems, including its innovative iron-air battery technology, which allows for energy storage over extended periods. This capability enables the dispatch of renewable energy throughout the year, effectively replacing traditional fossil fuel-based generation and contributing to the decarbonization of the electric grid. Additionally, Form Energy offers Formware, a capacity expansion software tool designed to optimize energy management. The company's technological advancements are rooted in research from MIT and are supported by various investors committed to sustainable energy solutions.
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
BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 650,000 natural gas customers in Central Maryland. The company’s approximately 3,400 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider with approximately $33 billion in annual revenues.
Smartville
Grant in 2024
Smartville is a company focused on creating an end-to-end platform that enhances the value of electric vehicle (EV) batteries through efficient reuse. Their offerings include a battery pack in-field testing kit, data-driven analytics, and advanced battery management hardware, all designed to streamline the process of repurposing spent batteries. By developing modular and standardized energy storage systems from these repurposed batteries, Smartville enables automakers to capitalize on a marketable solution for second-life applications. The company’s innovative approach has the potential to up-cycle over 100 GWh of spent EV batteries annually, maximizing battery life and preventing premature recycling.
Frontier Energy
Grant in 2024
Frontier Energy is a consulting company that involves in energy solutions and energy efficiency for the real estate sector. They offer consulting services for industrial energy efficiency, electric vehicles, decarbonization, hydrogen and fuel cells, direct installation, incentive programs, codes and standards, commercial food service energy efficiency, building energy efficiency, appliance performance testing, alternative transportation, zero net energy consulting, foodservice energy efficiency training, program development and implementation, software development, community outreach, and industrial energy efficiency.
Danimer Scientific
Grant in 2024
Danimer Scientific produces a new generation of patented, cost competitive biopolymers. They also offer research, development, and toll manufacturing services for bio-based materials to business partners. They are committed to closed-loop, renewable and sustainable practices, and to products designed to help curb petrochemical plastic pollution worldwide. Their plant and microbial sourced plastics are biodegradable, durable, and adaptable to a wide range of applications. Their toxin-free manufacturing practices are cost competitive. Their products are FDA approved for food contact, and certified to be aerobically and anaerobically biodegradable or compostable in soil, water, and industrial or home compost by ASTM, OWS, and Vinçotte.
AeroShield
Grant in 2024
AeroShield specializes in the production of a super-insulating, nanoporous glass material designed for energy-efficient windows. This innovative material, made from silica aerogel, provides optical clarity akin to traditional glass while delivering insulation performance that is 50% superior to standard windows. By integrating AeroShield's technology between two glass panes, manufacturers can significantly enhance the thermal efficiency of their products. Additionally, the payback period for AeroShield-enhanced windows is up to five times faster than that of comparable high-performance windows, making it an attractive option for both manufacturers and consumers. This focus on sustainability and energy efficiency supports industry compliance goals and improves overall product performance.
Solugen
Debt Financing in 2024
Solugen, Inc. is a specialty chemicals company based in Houston, Texas, that focuses on producing industrial chemicals through industrial biotechnology and green chemistry. Founded in 2016, Solugen develops a range of environmentally friendly products, including BioPeroxide, a carbon-negative hydrogen peroxide, and BioChelate, a biodegradable chelant. The company also offers ScavSol, a multivalent metal sequestrant for energy applications; ScaleSol, an alternative to phosphonates for scale control; and CorrSol, a corrosion and fouling control product. By utilizing fermentation and enzymatic technology to convert plant sugars into chemicals, Solugen aims to replace petroleum-based products with plant-derived alternatives. Its innovative solutions are designed to benefit various industries, including agriculture, cleaning, energy, and water, while also addressing critical issues such as clean water, sustainable materials, and healthier personal care products.
Commonwealth Fusion Systems
Grant in 2024
Commonwealth Fusion Systems LLC is a research and development company focused on advancing fusion energy technology to provide an inexhaustible power source. Established in 2017 and based in Cambridge, Massachusetts, the company utilizes rare-earth barium copper oxide superconductor technology to create fusion energy systems. Commonwealth Fusion Systems was spun out of the Massachusetts Institute of Technology (MIT) and collaborates with MIT’s Plasma Science and Fusion Center to leverage decades of government-funded fusion research. By integrating established physics with innovative magnet technology, the company aims to accelerate the commercialization of fusion energy, positioning itself as a key player in the transition to clean and renewable energy sources while addressing climate change challenges.
Swift Solar
Grant in 2024
Swift Solar Inc. is a company that designs and manufactures lightweight solar panels and systems, focusing on advanced solar technology. Established in 2017 and headquartered in San Carlos, California, with an additional site in Golden, Colorado, Swift Solar specializes in perovskite solar cells, which are engineered to be more efficient and cost-effective than conventional solar panels. The company’s innovative approach involves creating ultra-thin perovskite films that absorb various parts of the solar spectrum, resulting in high-efficiency tandem solar cells. These cells not only enhance solar conversion efficiency but also provide significant weight advantages, making them suitable for applications in aerospace, automotive, and building sectors. Swift Solar emphasizes domestic manufacturing and utilizes abundant raw materials to ensure scalability in its operations.
GAF Energy
Grant in 2024
GAF Energy offers a simplified solar energy system that can be installed by a roofer. They offer homeowners elegant, roof-integrated solar options. The timberline solar TM roofing system harnesses both advanced energy technology and roofing installation practices and materials to create a new type of roof.
Silfab
Grant in 2024
Silfab is an Italian pioneer in the photovoltaic industry, specializing in the design, development, and manufacturing of high-efficiency solar modules. The company is known for its Elite Series panels, which are recognized for their superior efficiency among solar panels produced in the United States. Silfab's offerings include advanced monocrystalline and bifacial photovoltaic modules, utilizing polysilicon technology to enhance energy generation. By focusing on premium quality and innovative solutions, Silfab aims to contribute significantly to the renewable energy market, providing reliable and efficient solar energy options.
Plug Power
Post in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
Pavilion Solar
Grant in 2024
Pavilion Solar is A premium solar canopy for homes that can be used as a solar carport or solar pergola for outdoor living areas
Blip Energy
Grant in 2024
Blip Energy is focused on developing innovative battery energy storage systems to address rising peak demand and enhance the smart grid infrastructure. The company offers a smart, plug-and-play battery system that leverages artificial intelligence to help households reduce electric bills while providing essential backup power. By creating a distributed network of Internet of Things (IoT) batteries, Blip Energy aims to empower grid operators with the necessary tools and data to stabilize the grid and optimize energy costs for users. Their solutions facilitate energy management without the complexities of permitting and installation, aligning with current needs for resilience and cost savings. Blip Energy's approach supports the transition to a more sustainable, efficient, and reliable power grid for all.
Avium
Grant in 2024
Avium develops fuels and chemicals from CO2, water, and renewable energy. The company was founded in 2017 and is based in Lawrence, Kansas.
Moment Energy
Grant in 2024
Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.
CleanTech Strategies
Grant in 2024
CleanTech Strategies (CTS) is a subject matter expert firm specializing in energy storage, power electronics, microgrids, renewables, and advanced materials.
Verde Clean Fuels
Grant in 2024
Verde Clean Fuels is a renewable energy company focused on converting synthesis gas, or syngas, into liquid hydrocarbons suitable for gasoline production. The syngas is sourced from a variety of feedstocks, including biomass, municipal solid waste (MSW), mixed plastics, and natural gas, including synthetic natural gas. Utilizing a proprietary technology known as the STG process, Verde Clean Fuels aims to provide sustainable fuel solutions that contribute to reducing reliance on fossil fuels and promoting cleaner energy alternatives.
BRITE Energy Innovators
Grant in 2024
BRITE Energy Innovators, established in 2010 and located in Warren, Ohio, is the state's only energy incubator dedicated to nurturing startups in the energy technology sector. The organization offers a comprehensive range of resources, including advanced technology testing tools, well-equipped labs for energy storage and IoT solutions, and coworking spaces. BRITE's entrepreneur in residence program provides critical expertise and guidance to help startups navigate their development processes and achieve long-term success. Since its inception, BRITE has supported over 200 startups, assisting them in securing more than $60 million in funding. The incubator also serves as a collaborative hub, housing 19 physical tenants and offering event spaces to foster innovation and community engagement.
Dominion Energy Innovation Center
Grant in 2024
The Dominion Energy Innovation Center, established in 2009 and located in Ashland, Virginia, is dedicated to supporting innovative startups in the energy and sustainability sectors. It serves as a collaborative platform that connects these emerging companies with potential customers and investors, fostering their growth and development. The center is designed as a community for entrepreneurial thinkers, providing a structured environment that encourages technology-based businesses to achieve their objectives more efficiently. Through its network and resources, the Dominion Energy Innovation Center aims to accelerate the progress of startups, helping them navigate the challenges of the energy landscape.
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.
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.
Brimstone
Grant in 2024
Brimstone is a company that has developed a carbon-negative process for producing ordinary Portland cement and supplementary cementitious material. Founded in 2019 and based in Oakland, California, Brimstone's innovative technology employs carbon-free calcium silicate rock instead of traditional limestone, resulting in a product that matches the performance of conventional materials while remaining cost-competitive at scale. This advancement aims to provide the construction industry with a cleaner and more sustainable alternative to traditional cement production methods.
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.
Nuvera Fuel Cells
Grant in 2024
Nuvera Fuel Cells, LLC specializes in manufacturing heavy-duty, zero-emissions engines tailored for mobility applications. The company operates facilities in both the United States and Europe, focusing on clean and efficient fuel cell technology. Nuvera's products serve a diverse range of markets, including on- and off-road vehicles, industrial equipment, port and maritime applications, as well as stationary and portable power solutions. By addressing the demanding requirements of these sectors, Nuvera enables its clients to meet global commercial standards for sustainability and efficiency.
Plug Power
Grant in 2024
Plug Power Inc. is a leading provider of hydrogen fuel cell solutions, focusing on the electric mobility and stationary power markets in North America and Europe. The company specializes in proton exchange membrane (PEM) fuel cell and fuel processing technologies, along with hybrid systems and hydrogen storage infrastructure. Its product offerings include GenDrive, a PEM fuel cell system for electric material handling vehicles; GenFuel, a hydrogen fueling and storage system; GenCare, a maintenance service for its fuel cells; GenSure, a modular fuel cell solution for backup power; and ProGen, a fuel cell technology used in various applications. Plug Power has deployed over 40,000 fuel cell systems, establishing a significant presence in the market and becoming the largest buyer of liquid hydrogen. The company aims to build a comprehensive green hydrogen ecosystem, facilitating the transition to sustainable energy solutions across multiple industries, including retail, transportation, and utilities. Founded in 1997, Plug Power is headquartered in Latham, New York.
NEL Hydrogen
Grant in 2024
NEL Hydrogen provides solutions that allow people and businesses to generate, store, and distribute hydrogen from renewable energy. It supplies energy-efficient hydrogen solutions for industrial applications, hydrogen fuelling stations, and distributed energy systems worldwide. NEL Hydrogen is a Norwegian company based in Norway and has also been known as Norsk Hydro Electrolysers (NHEL) and Hydrogen Technologies.
Ballard Power Systems
Grant in 2024
Ballard Power Systems Inc. specializes in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers a diverse range of solutions, including heavy-duty fuel cell modules, backup power systems, and products for material handling and unmanned aerial vehicles (UAVs). Ballard operates in three primary segments: Power Generation, which focuses on backup power and residential cogeneration; Automotive, providing fuel-cell solutions for vehicles; and Material Products, which includes carbon fiber and gas diffusion layers for fuel cells. The company's markets span various sectors, including transit buses, automotive, rail, and critical infrastructure, with significant operations in the United States, Europe, and China. Founded in 1979 and headquartered in Burnaby, Canada, Ballard Power Systems is recognized as a leader in the fuel cell industry.
Big Blue Technologies
Grant in 2024
Big Blue Technologies focuses on high-temperature thermal processes to enhance the value of minerals and ores, specifically in the production of metals and ceramics. The company is advancing a thermal magnesium metal production process, which is particularly relevant for the automotive industry as it promotes vehicle light-weighting to improve fuel efficiency. In addition to its core technology, Big Blue Technologies provides a range of services, including reactor research, analytical support, and consulting, aimed at helping clients boost operational efficiency, lower costs, and pursue pathways toward net-zero emissions.
8 Rivers
Grant in 2024
8 Rivers is a company focused on developing infrastructure-scale technologies that significantly reduce or eliminate CO2 emissions. Since its inception in 2008, it has concentrated on commercializing solutions across various sectors, with particular emphasis on oxy-combustion and ultra-low carbon intensity processes. Its technology portfolio includes ultra-low carbon hydrogen production, innovative low-carbon power cycles, and advanced direct air capture systems. 8 Rivers holds the largest number of CO2-related patents globally and has successfully raised over $1 billion in funding to support its initiatives. The company aims to facilitate the energy transition by delivering economic and sustainable hydrogen production and addressing the utilization of captured CO2 for producing valuable products. By balancing economic viability with scientific innovation, 8 Rivers enables both companies and governments to achieve their net-zero goals while contributing to broader societal challenges.
Capture6
Grant in 2024
Capture6 develops and commercializes highly scalable approaches to remove carbon dioxide from the atmosphere. The company is pioneering an approach that can be deployed today by repurposing existing industrial scale technologies.
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.
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.
Osazda Energy
Grant in 2024
Osazda Energy provides materials engineering solutions to improve solar cell and solar module reliability. Its specialized metal matrix composites (MMC) have been proven to electrically bridge stress-induced cracks that appear in solar cells over time; the composites also self-heal to regain electrical continuity. The company was founded in 2016 and is based in Albuquerque, New Mexico.
Koloma
Grant in 2024
Koloma is a geologic hydrogen company focused on identifying and commercializing geologic hydrogen resources. By utilizing its technology and proprietary data, Koloma develops data-driven solutions for energy transition resource development. The company's initiatives aim to reduce global carbon emissions, providing businesses with the tools to lower their carbon footprint and contribute to climate change mitigation efforts. Through its innovative approach, Koloma seeks to advance clean energy technology and support the transition towards a more sustainable energy future.
Lyten
Grant in 2024
Lyten is an advanced materials company focused on developing low-carbon products and technologies. By capturing carbon from methane, Lyten transforms it into 3D Graphene, a versatile supermaterial that underpins its innovations aimed at decarbonization. The company is working on advanced lithium-sulfur batteries suitable for automotive, aerospace, and defense applications, enhancing electric vehicle performance with improved energy density, safety, and fast charging capabilities. Additionally, Lyten is developing a polymer composite that can reduce plastic usage by up to 50% while maintaining structural integrity and impact resistance. The company is also advancing next-generation sensors designed for automotive, industrial, health, and safety sectors, which boast significantly improved detection sensitivity and selectivity.
Gas Technology Institute
Grant in 2024
Gas Technology Institute is a research, development, and training organization addressing energy and environmental challenges to enable a secure, abundant, and affordable energy future. The company provides economic value to the natural gas industry and energy markets by developing technology-based solutions for industry, government, and consumers. Its research initiatives address issues impacting the natural gas and energy markets across the industry’s value chain—supply, delivery, and end use. GTI offers an integrated systems perspective to expand the supply of affordable energy, ensure a safe and reliable energy delivery infrastructure, and promote the efficient use of energy resources. GTI is based in Des Plaines, Illinois, founded in 1941 as a non-profit corporation.
RedoxBlox
Grant in 2024
RedoxBlox specializes in thermochemical energy storage technology aimed at decarbonizing high-temperature industrial thermal processing and enhancing natural gas power production. By providing a cost-effective alternative to fossil fuels, the company enables continuous energy discharge at high temperatures, significantly reducing carbon and nitrogen oxide emissions. Its system is designed to integrate seamlessly with existing infrastructure, improving grid resilience while supporting industrial processors and power plant operators. RedoxBlox's technology facilitates the electrification and storage of energy, allowing industries to harness renewable energy sources through large-scale, long-duration energy storage solutions.
GreenPath Systems
Grant in 2024
GreenPath Systems is a technology company focused on developing innovative solutions in the low-carbon and green energy sectors. The company specializes in geothermal technologies aimed at reducing the carbon footprint of buildings. Its research and development efforts concentrate on advanced systems for geothermal well completion, as well as providing training and educational resources related to the renewable energy industry. By prioritizing clean and renewable energy, GreenPath Systems contributes to the advancement of sustainable practices in the geothermal energy sector.
Ecolong
Grant in 2024
Ecolong is a developer of energy software platforms that aim to reduce energy use and harvest clean energy. The company's software employs blockchain technology to decentralize energy markets and provide energy management solutions, allowing customers, solar owners, and utilities to connect directly with one another through secure peer-to-peer transactions while reaping technological benefits.
SiLi-ion
Grant in 2024
SiLi-ion has developed an “ultra-nano-silicon” powder material that entirely replaces graphite in a lithium-ion battery (LIB). This breakthrough increases the anode’s energy density by over four times and reduces CO2e emissions by 68 kilos for every kilo sold, amounting to a reduction of 50,000 kilos per EV using “ultra-nano-silicon.” As a materials company, SiLi-ion plans to sell this revolutionary material to battery manufacturers. Our platform not only outperforms competitors like Sila Nano, Group14, and OneD but is also less expensive to produce ($/kWh) compared to graphite and synthetic graphite. The material seamlessly integrates into existing LIB manufacturing lines for electric vehicles (EVs) and grid storage applications. Furthermore, it serves as an Inflation Reduction Act critical mineral replacement, enabling battery EV tax breaks for auto OEMs selling in the US.
Savengy
Grant in 2023
Savengy Technologies specializes in the development of advanced multi-effect distillation systems that recover potable water from various sources, including treated wastewater, brackish water, and seawater. The company designs, evaluates, repairs, and installs a range of water and wastewater treatment products suitable for both residential and commercial applications. Their desalination systems are engineered to perform efficiently in diverse environments, offering industries a sustainable and cost-effective solution for water recovery.
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.
GreenPath Systems
Grant in 2023
GreenPath Systems is a technology company focused on developing innovative solutions in the low-carbon and green energy sectors. The company specializes in geothermal technologies aimed at reducing the carbon footprint of buildings. Its research and development efforts concentrate on advanced systems for geothermal well completion, as well as providing training and educational resources related to the renewable energy industry. By prioritizing clean and renewable energy, GreenPath Systems contributes to the advancement of sustainable practices in the geothermal energy sector.
Renascent Energy Management
Grant in 2023
Renascent Energy Management is a privately held, technology-focused energy firm that develops decarbonization solutions for producing clean hydrogen from natural gas.
LuxWall
Grant in 2023
LuxWall is a building materials company that pioneers the design and manufacture of vacuum-insulated glass. LuxWall produces glass that acts as transparent insulation, providing thermal insulation values comparable to fiberglass wall insulation. With widespread adoption, LuxWall's patented technology has the potential to reduce global carbon emissions by more than 0.5 gigatonnes per year. The company was founded in 2020 and is headquartered in Ypsilanti, Michigan, United States.
Evansville Energy Nucleus
Grant in 2023
Evansville Energy Nucleus is a collaborative project between Evansville-based not-for-profit Circular Venture Lab and the University of Evansville’s Center for Innovation and Change that provides resources specifically for manufacturers of clean energy components and systems.
Zymochem
Grant in 2023
ZymoChem, Inc. is a biotechnology company based in Emeryville, California, founded in 2013. It specializes in the development of eco-friendly chemicals and bioprocesses using engineered microbes to convert renewable feedstocks, such as sugars, into industrial chemicals. The company’s bio-manufacturing platform aims to produce bio-based materials while minimizing carbon emissions during production, thereby supporting a carbon-efficient economy. By establishing cost-effective bioprocesses and novel biosynthetic pathways, ZymoChem enables clients to reduce production costs and enhance their competitiveness in the market. Through its innovative approach, the company contributes to sustainable manufacturing practices and the advancement of a real-zero economy.
Marin Clean Energy
Grant in 2023
Marin Clean Energy is a private company based in San Rafael, California, specializing in the provision of renewable electricity services. The firm is dedicated to reducing greenhouse gas emissions by offering cleaner energy options to its customers. Through its initiatives, Marin Clean Energy aims to promote sustainability and support the transition to a more environmentally friendly energy landscape.
National Grid Partners
Grant in 2023
National Grid is a leading energy company that operates electricity and gas transmission systems, focusing on delivering cleaner and more resilient energy solutions. As one of the largest investor-owned energy companies globally, it is dedicated to providing safe, reliable, and efficient energy services to customers and communities in both the UK and the US. National Grid plays a crucial role in connecting millions of people to essential energy resources through its regulated utility businesses, as well as its ventures in innovation. The company is actively committed to reducing greenhouse gas emissions and is shaping future energy systems by collaborating with customers, partners, and communities to address the challenges of transitioning to decarbonized and decentralized energy solutions.
Xcel Energy
Grant in 2023
Xcel Energy is an electric and natural gas utility company based in Minneapolis, Minnesota, founded in 1909. It serves approximately 3.8 million electric customers and 2.2 million natural gas customers across eight states. The company is involved in the generation, transmission, distribution, and sale of electricity, utilizing a diverse mix of energy sources including coal, nuclear, natural gas, hydro, solar, biomass, oil, and wind. Xcel Energy is recognized as one of the largest suppliers of renewable energy in the United States, with over half of its electricity sales derived from carbon-free sources. Its operations are organized into five segments: electricity, natural gas, renewable energy, transmission, and innovation, which also includes the development and leasing of natural gas pipelines and related facilities.
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.
C-Crete Technologies
Grant in 2023
C-Crete Technologies is an invention and technology development company building and commercializing technological paradigm shifts of the future in energy, environment, materials, construction, industrial and infrastructure. C-Crete works at the intersection of materials science, nanotechnology, multiscale computations, predictive analytics, software, hardware and manufacturing to drive next generation of innovations for a low carbon and energy efficient world.
Argonne National Laboratory
Grant in 2023
Argonne is a multidisciplinary science and engineering research center, where “dream teams” of world-class researchers work alongside experts from industry, academia and other government laboratories to address vital national challenges in clean energy, environment, technology and national security. Through collaborations with researchers here at Argonne and around the world, they strive to discover new ways to develop energy innovations through science, create novel materials molecule-by-molecule, and gain a deeper understanding of their planet, their climate and the cosmos. Surrounded by the highest concentration of top-tier research organizations in the world, Argonne leverages its Chicago-area location to lead discovery and to power innovation in a wide range of core scientific capabilities, from high-energy physics and materials science to structural biology and advanced computer science. Embracing the nation’s greatest challenges, Argonne’s world-renowned scientists and engineers conduct pioneering research that advances America’s scientific excellence and leadership and helps pave the way to a secure nation with a plentiful supply of safe, sustainable energy, a healthy environment, and a competitive economy. They pursue big, ambitious ideas that redefine what is possible. Their pursuit of groundbreaking discoveries pushes the boundaries of fundamental science, applied science and engineering to solve complex challenges and develop useful technologies that can transform the marketplace and change the world. A center for world-class discovery and scientific excellence, their diverse and dynamic research agenda spans 15 scientific divisions, 14 centers, and six national user facilities. This rich scientific environment provides their researchers – and those who visit us from all corners of the globe – with an extraordinary range of cutting-edge facilities and scientific tools that support in-depth research, drive technological breakthroughs, and improve their nation’s competitiveness and quality of life. Argonne is managed by UChicago Argonne, LLC, for the U.S. Department of Energy's Office of Science
Smartville
Grant in 2023
Smartville is a company focused on creating an end-to-end platform that enhances the value of electric vehicle (EV) batteries through efficient reuse. Their offerings include a battery pack in-field testing kit, data-driven analytics, and advanced battery management hardware, all designed to streamline the process of repurposing spent batteries. By developing modular and standardized energy storage systems from these repurposed batteries, Smartville enables automakers to capitalize on a marketable solution for second-life applications. The company’s innovative approach has the potential to up-cycle over 100 GWh of spent EV batteries annually, maximizing battery life and preventing premature recycling.
RedFlow
Grant in 2023
RedFlow is a leading company in the development, manufacture, and sale of zinc-bromide modules (ZBMs), which are advanced bromine flowing electrolyte battery systems. These batteries offer sustainable energy storage solutions suitable for a variety of applications, including telecommunications, renewable energy integration, and both on and off-grid power systems. RedFlow's products are designed for high cycle-rate and long-duration stationary energy storage, making them ideal for residential, commercial, and industrial sectors, as well as for telecommunications. The company's technology is scalable, accommodating installations from single battery units to large grid-scale deployments, thereby supporting microgrids and smart grid initiatives while also enabling deferral of transmission and distribution needs.
Xcel Energy
Grant in 2023
Xcel Energy is an electric and natural gas utility company based in Minneapolis, Minnesota, founded in 1909. It serves approximately 3.8 million electric customers and 2.2 million natural gas customers across eight states. The company is involved in the generation, transmission, distribution, and sale of electricity, utilizing a diverse mix of energy sources including coal, nuclear, natural gas, hydro, solar, biomass, oil, and wind. Xcel Energy is recognized as one of the largest suppliers of renewable energy in the United States, with over half of its electricity sales derived from carbon-free sources. Its operations are organized into five segments: electricity, natural gas, renewable energy, transmission, and innovation, which also includes the development and leasing of natural gas pipelines and related facilities.
Oak Ridge National Laboratory
Grant in 2023
Oak Ridge National Laboratory is DOE’s largest multi-program science and energy laboratory that holds a wide range of R&D assignments, from fundamental nuclear physics to applied R&D on advanced energy systems. In addition, it has a reputation for combining insights from fundamental science with an in-depth technical understanding of applied systems to deliver practical solutions to real-world problems. Oak Ridge National Laboratory tracks opportunities to put its solutions to work, often collaborating with industry to accelerate their deployment by the private sector. Products as diverse as radiation detectors, thin-film batteries, high-efficiency heat pumps, and high-performance steel alloys have emerged from the Oak Ridge National Laboratory’s R&D. Transfer of Oak Ridge National Laboratory’s innovations to the private sector has created new industries in the United States, resulted in substantial cost savings for companies and consumers, and provided jobs for Americans. Its staff scientists in collaboration with over 4,000 visiting researchers annually make new scientific discoveries and develop new technologies. Oak Ridge National Laboratory was founded in 1943 and is based in Oak Ridge, T.N.
DNV
Grant in 2023
DNV is a global quality assurance and risk management company dedicated to safeguarding life, property, and the environment. It provides digital solutions that enhance safety and optimize asset performance across various sectors, including maritime, oil and gas, energy, and infrastructure. DNV offers services such as classification, technical assurance, software solutions, and independent expert advice, which enable clients to improve safety and sustainability in their operations. The company is also involved in corporate venture capital through DNV Ventures, which invests in startups aligned with its mission of promoting safety and environmental stewardship.
WEI7
Grant in 2023
WEI7 is a wind turbine blade manufacturing company
Sperra
Grant in 2023
Sperra is focused on advancing renewable energy through innovative energy storage and construction technologies. The company has developed a long-duration energy storage solution known as M-PHES, which utilizes large hollow concrete spheres placed on the seafloor to store mechanical energy as pressure. This system retains the advantages of conventional pumped hydro storage while expanding deployment possibilities, reducing development timelines, and enhancing modularity. Additionally, Sperra is pioneering three-dimensional concrete printing technology to create custom infrastructure for offshore wind, floating solar, and wave energy projects. By employing automated design and construction methods, the company minimizes material waste and carbon emissions while utilizing local resources, thereby contributing to more resilient and cost-effective solutions for the renewable energy sector.
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.
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