Money 1090815

U.S. DOE sends $35M to U.S. small businesses developing clean energy

Jan. 14, 2022
New funding will support 158 projects across 29 states that will develop clean energy technology.

The U.S. Department of Energy recently announced it will provide $35 million in funding to small businesses, to go toward efforts to “pursue scientific, clean energy, and climate solutions.”

The new funding will support 158 projects across 29 states that will develop clean energy technology, ranging from climate research tools to better EV batteries.

Awards include:

  • Birch Biosciences’ project on novel, next-generation plastic recycling technology.
  • Coreform’s project for the development of new simulation technology to aid development of a safer product.
  • ExMat Research’s project for the development of phosphorus-monitoring sensors for freshwater.
  • Greenway Energy’s project to commercialize a low-cost and efficient hydrogen energy storage system.
  • Novoreach Technologies’ economic carbon capture solution.

Related:  How to decarbonize existing buildings

Specifically, Birch Biosciences (Portland, OR) will receive $256,492 for its project; Coreform (Orem, UT) will get $256,500; ExMat Research (Spokane, WA) will receive $250,000; and hydrogen R&D firm Greenway Energy (Aiken, SC) and Novoreach Technologies (Midland, MI), each has been allocated $200,000.

The new funding will be administered by the DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

According to a statement, funding will be provided only to projects that are relevant to DOE’s missions to stimulate technological breakthroughs, meet federal R&D needs, and boost commercialization by transitioning R&D into deployment.

“Supporting small businesses will ensure we are tapping into all of America’s talent to develop clean energy technologies that will help us tackle the climate crisis," U.S. Secretary of Energy Jennifer M. Granholm said. "DOE’s investments will enable these economic engines to optimize and commercialize their breakthroughs, while developing the next generation of climate leaders and helping to build a sustainable future to benefit all Americans.”

Source: EnergyTech

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