Revolutionizing Energy Storage: $63.5 Million in Funding Awarded to Four Companies for Cutting-Edge Technologies

The US Department of Energy has announced that it will award $63.5 million to four companies working on innovative energy technologies that are close to coming to market. This funding is part of the SCALEUP program, which supports companies that have successfully de-risked their technology and are ready to move forward.

The focus of these awards is on advancing energy storage solutions. Energy Secretary Jennifer Granholm emphasized the importance of these investments in promoting American manufacturing, strengthening national security and maintaining a competitive advantage.

Antora Energy in California will use its $14.5 million award to increase production of thermal battery technology that provides reliable heat and power from renewable energy sources. AeroShield Materials in Massachusetts will receive $14.5 million to establish a pilot production facility for aerogels that improve the energy efficiency of buildings.

Maryland-based Ion Storage Systems will receive $20 million to support the production and commercialization of solid state lithium metal batteries for electric vehicles. Queens Carbon in New Jersey will receive $14.5 million to develop a pilot plant to produce carbon-neutral materials to support the production of decarbonized cement. These projects are part of ongoing efforts to accelerate the development and deployment of transformative energy technologies through the SCALEUP program.