Department of Energy — 2022 Investments

Adámas manufactures nanodiamond materials and quantum sensing instrumentation for research and applications in life sciences, biomanufacturing, and nanocomposites.

BiotechDeep TechNew MaterialsQuantum Computing

Dr. Olga Shenderova(President, CTO)Dr. Gary McGuire(Director of Business Development)

Advanced hCMOS Systems designs custom ultrafast image sensors and integrated circuits (ASICs), such as the Icarus imaging sensor, for scientists and engineers measuring ultrafast phenomena.

Deep TechHardwareSemiconductors

Marcos Sanchez(Cofounder)Liam Claus(Cofounder)

Advanced Ionics develops electrolyzer technology for producing green hydrogen, using its Symbiotic water vapor electrolysis that operates at intermediate temperatures and taps into existing industrial steam to lower electricity and capital costs.

CleantechClimate TechEnergyMilwaukee, US

CWChad W. Mason(President and CEO)inWilliam Murray(Vice President)in

BoardJBJohn Bobrowich(Director)in

Co-investorsASAster CapitalCLClean Energy VentureCLClean Energy VenturesGVGVP ClimateJEJERASWSWAN Impact Network+2 more

Advance Materials Manufacturing (AMM) develops and manufactures composite materials and components for impact absorption, heat transfer, fire protection, and lightweight applications across aerospace, automotive, defense, and industrial sectors.

Advanced ManufacturingDeep TechDefense TechNew MaterialsRaleigh, US

Dr. Afsaneh Rabiei(Founder & CEO)

Anthro Energy develops advanced electrolytes and high-performance battery cells to improve energy density, safety, and form factor in battery technology.

Deep TechEnergyHardwareNew MaterialsSan Jose, US

DMDavid Mackanic(Co-Founder & CEO)inJoe Papp(Co-Founder & CTO)in

Co-investorsAMAmino CapitalBLBlack Mountain VentuesCOCollaborative FundDODorm RoomENEnergy Revolution VenturesINIn-Q-Tel+5 more

Boulder, US

CKChristoph Keplinger(Director)Eric Acome(Executive Officer, Director)inTMTimothy Morrissey(Executive Officer, Director)

Co-investorsHEHeroic Ventures

Blueshift Optics develops organic glass scintillators for radiation detection, offering materials with neutron detection and gamma-ray discrimination for applications such as nuclear physics experiments.

Deep TechHardwareNew Materials

MMT develops nondestructive testing instrumentation to measure mechanical properties of oil and gas pipelines without service interruption, using patented frictional sliding technology and AI modeling.

AI & Machine LearningDeep TechEnergyHardware

Co-investorsHOHouston Angel Network

C.A.

Deep Tech

Clifford A. Goudey(Founder)

Dover, US

KOKevin O'Connor(Executive Officer, Director)inDavid Schroeder(Director)

Cerium Laboratories is an ISO 17025 accredited laboratory that provides material analysis and characterization services using electron imaging, surface science, mass spectroscopy, and chemical analysis for semiconductor, pharmaceutical, medical device, and energy companies.

Advanced ManufacturingDeep TechNew MaterialsSemiconductors

Charles River Analytics conducts research and develops AI-driven intelligent systems for defense, cybersecurity, space, and healthcare applications, serving the U.S.

AI & Machine LearningCybersecurityDefense TechRobotics

Consol provides technical and policy advisory services to help building and utility clients implement clean energy technologies and strategies, including energy assessments, efficiency retrofits, code compliance, and market transformation programs.

CleantechConstruction TechEnergyEnterprise SoftwareGovTechSacramento, US

CoolCAD Electronics designs and fabricates wide bandgap silicon carbide (SiC) semiconductor transistors and integrated circuits for power electronics, high-temperature electronics, green energy, and deep ultraviolet optical sensing and imaging.

EnergyHardwareSemiconductorsCollege Park, US

NGNeil Goldsman(President)inAAAkin Akturk(Vice President)inSiddharth Potbhare(Vice President)

CRG Defense designs, develops, and manufactures defense and dual-use technologies, turning prototypes into field-ready systems, subsystems, and mission platforms for warfighters and defense partners.

Advanced ManufacturingDefense TechHardware

Cryomech designs and manufactures cryocoolers and related cryogenic equipment, including liquid helium management products, helium reliquefiers for NMR systems, cold helium circulation systems, and liquid nitrogen plants.

Advanced ManufacturingDeep TechHardware

DataCicada provides data science consulting services, including predictive machine learning models, custom quality assurance, test fixture development, and malware detection.

AI & Machine LearningData & Infrastructure

DexMat produces Galvorn, an advanced carbon material that combines high electrical and thermal conductivity with strength, light weight, flexibility, and recyclability as an alternative to copper and other metals.

Advanced ManufacturingCleantechDeep TechNew MaterialsHouston, US

MPMatteo Pasquali(Director)inDTDmitri Tsentalovich(Co-Founder / CTO)inBGBryan Guido Hassin(CEO & Board Director)inJDJill Dupre(Executive Officer)inAHAsena Hertz(Executive Officer)in

BoardKLKent Lucas(Director)in

Co-investorsCACapital FactoryCOCollaborative FundDRDraper AssociatesNONon Sibi VenturesTHThird DerivativeARAramco Ventures+3 more

Enegis is an energy consulting firm providing data-driven analytics and geospatial modeling services for projects across exploration, production, carbon capture, geothermal, and industrial applications.

CleantechClimate TechEnergyWashington, US

ExMat Research develops optical diagnostic sensors for extreme environments, including real-time temperature and chemistry measurement capabilities for defense, aerospace, combustion, and materials research applications.

Deep TechDefense TechHardwareSpokane, US

Expert Microsystems develops prognostic health management software that detects faults, performs diagnostics, and predicts remaining useful life of assets in real time.

AI & Machine LearningDeep TechEnterprise SoftwareIoTSaaS

Randy Bickford(President and Chief Technology Officer)

Fitila develops AI and scientific computing methods for high-impact research areas, including generative modeling, deep learning-based multimodal data fusion, and accelerated simulation of subsurface energy systems.

AI & Machine LearningDeep TechEnergy

Gaia Energy Research Institute is a small energy R&D firm that uses computer simulation, testing, and independent analysis to improve the thermodynamics, economics, and environmental performance of low-carbon energy systems such as fuel cells, hydrogen and electrochemical systems, distributed generation and storage, and advanced transportation.

CleantechClimate TechEnergyAlexandria, US

Gamma Reality builds advanced radiation sensing technologies that detect, localize, identify, map, and image gamma-rays and neutrons, with multi-sensor data fusion and 3D real-time and mixed-reality visualization.

Deep TechHardwareRobotics

GCAS develops enterprise accounting and manufacturing ERP software solutions for government contractors and manufacturing entities, alongside defense engineering services utilizing AI and data analytics.

Advanced ManufacturingAI & Machine LearningDefense TechEnterprise SoftwareSan Marcos, US

Co-investorsDODorm RoomTHThe E14 Fund

Gismo Power operates in renewable energy and serves Native American communities through energy sovereignty initiatives and sustainable building training.

CleantechClimate TechEnergyHardwareImpact & Social GoodPropTechSarasota, US

ATAntonia Tahia Ginsberg-Klemmt(Founder)inEGErika Ginsberg-Klemmtin

Co-investorsTETechstars

Grid Logic develops binder-free, multi-material 3D printing of metal and ceramic powders, using support powder to hold part geometry and hot isostatic press (HIP) processing to fabricate fully-dense parts.

Advanced ManufacturingHardwareNew Materials

Helicoid Industries develops a patented, nature-inspired (mantis shrimp) helicoidal fiber architecture that makes composite materials stronger, lighter, and more durable while using less raw material.

Advanced ManufacturingCleantechNew MaterialsIndio, US

Chadwick Wasilenkoff(Executive Officer, Director)CWChad Wasllenkoff(Founder)Pascal Joubert des Ouches(Executive Officer, Director)David Kisailus(Executive Officer, Director)William Spathelf(Executive Officer, Director)Douglas McCarville(Executive Officer, Director)

Higher Wire Inc. designs and manufactures lithium-ion energy storage systems (ESS) using domestically-sourced cells and components, with a focus on extending the useful life of these systems through a circular economy model.

Circular EconomyCleantechEnergyPhoenix, US

Trevor M Warren(Executive Officer)

HighT-Tech develops advanced battery membranes and components using ultra-high strength (UHS) technology to improve performance, safety, and lifespan in battery applications.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew MaterialsCollege Park, US

Robert Gatte(Executive Officer, Director)Chao Wang(Co-Founder)Yunhui Gong(Director)Liangbing Hu(Co-Founder)in

BoardEdmund Gaffney(Director)

Co-investorsUNUniversity System of Maryland Momentum Fund

IDARE builds an AI-driven data analytics and digital twin platform for energy, healthcare, e-governance, education, and scientific research sectors.

AI & Machine LearningData & InfrastructureDeep TechEnergyIoTSaaSHouston, US

Dr. Khairul Chowdhury(Founder & Chief Tech. Officer)Diego Lamacchia(Co-Founder & Vice President)Hassan Sami Suheil(Chief Operating Officer)Sohel Chowdhury(Board of Director & Angel Investor)

Infinite Elements creates a domestic supply of critical materials through partnerships with manufacturers, retailers, and end-users by sustainably recovering materials with no direct carbon emissions.

BiotechCircular EconomyCleantechNew MaterialsEl Paso, US

IEM is a metrology company serving the North American rail industry with precision measurement equipment, particularly for wheel wear monitoring.

Advanced ManufacturingDefense TechHardwareIoTMobility & TransportationTroy, US

Izentis develops nanotechnology fabrication services and aerospace propulsion systems.

Advanced ManufacturingDeep TechHardwareNew MaterialsSpace TechCambridge, US

Dr. Alexander Bruccoleri

Lakril develops catalytic technologies to convert biomass into renewable chemicals for use as alternatives to petroleum-derived building blocks.

Circular EconomyCleantechDeep TechNew MaterialsChicago, US

CPChristopher P. Nicholas(Founding Partner / CTO / Director)inPJPaul J. Dauenhauer(Founding Partner & Chief Technical Advisor)inJBJustin Brown(CEO / Director)in

BoardLisa Dufresne(Director)inMel Luetkens(Director)inAndy Shafer(Director)in

Co-investorsEVEvergreen Climate InnovationsGCGC VenturesSEService Provider CapitalTHThe Innovation Space

Leiden Measurement Technology designs and manufactures high-end scientific instruments for autonomous sample analysis and data acquisition, serving research institutions, government agencies, and industrial partners.

Deep TechHardwareSpace TechLeiden, NL

Lifeboat, LLC develops software and features that support and extend the open source HDF5 data management technology.

Data & InfrastructureDeveloper Tools

Living Ink produces black pigments and inks made from discarded algae biomass as a replacement for petroleum-based carbon black.

Circular EconomyCleantechNew MaterialsBerthoud, Co, US

SFScott Fulbright(President and CEO)inJRJacob Roodman(Chief Operating Officer)in

BoardPeter Bradley(Director)James Sapanski(Director)

Co-investorsEVEvergreen Climate InnovationsSASavia Ventures

Loop CO2 develops polymers derived from CO2 and bio-based feedstocks, converting CO2 into functional polymer building blocks for products such as optical adhesives for AI data transmission, debonding-on-demand adhesives, non-leaching plasticizers, biodegradable chain extenders, and chemically recyclable polyurethanes.

Circular EconomyCleantechNew MaterialsMarlborough, US

LUCI develops a smart sensor system for power wheelchairs that improves driver safety, independence, and mobility.

HardwareHealthtechIoTMedical DevicesNashville, US

Barry Dean(Co-founder & CEO)Jered Dean(Co-founder & CTO)

Mach9 builds automated feature-extraction software for transportation, telecom, and construction industries, enabling rapid extraction and mapping of large-scale infrastructure projects.

AI & Machine LearningConstruction TechData & InfrastructureDeveloper ToolsEnterprise SoftwareRoboticsSan Francisco, US

ABAlexander Baikovitz(Founder)inHSHaowen Shi(Founder)inMichael Mong(Lead Hardware Engineer)ZSZachary Sussman(Lead Software Engineer)inJaime Suarez Marquez(Executive Officer, Director)Marian Salzman(Director)

Co-investorsFLFlexcap VenturesLOLocus VenturesSOSoma CapitalVEVermilion Cliffs VenturesWEWestway CapitalY Y Combinator+8 more

Mallinda develops VITRIMAX, a recyclable and reprocessable thermoset polymer (vitrimer) chemistry and prepregs that allow carbon, glass, and natural fiber composites to be remolded, repaired, and recycled with full recovery of resin and fiber.

Advanced ManufacturingCircular EconomyNew Materials

MarsCharge builds electric vehicle chargers designed to support grid resiliency and enable the expansion of decentralized charging infrastructure.

CleantechEnergyHardwareMobility & TransportationPalo Alto, US

Co-investorsX-X-HUB TOKYO Global Startup Accelerator

Material Answers provides failure analysis, process design, and materials characterization services grounded in fundamental science.

Deep TechNew Materials

Dr. Chris E. Scott(President)

MetalKraft Technologies manufactures copper multichannel extruded tubes for heat transfer applications.

Advanced ManufacturingHardwareNew MaterialsSoutheast Ohio, US

Micro-Precision Technologies manufactures thick film substrates and electronic components for commercial, industrial, and military applications, with a focus on government products and sensor systems.

Advanced ManufacturingDefense TechHardwareSemiconductorsSalem, US

MicroEra Power develops THERMAplus, a thermal energy storage system that manages commercial building heating and cooling to reduce peak electrical loads and carbon emissions.

CleantechClimate TechEnergyEnterprise SoftwareRochester, US

Co-investorsQUQuake Capital

MicroSeismic develops passive seismic monitoring technology for real-time subsurface insights in oil and gas, geothermal, and carbon capture operations.

Climate TechData & InfrastructureDeep TechEnergy

PMPeter M. Duncan, Ph.D(Founder and CEO)Peter Duncan(Founder)in

Co-investorsALAltira Group LLCCHChevron Technology VenturesTATA Associates

Mission Power develops power electronics and inverter technologies for solar energy and grid applications, including SiC-based field-effect transistors, solid-state transformers, and solar inverters.

CleantechEnergyHardwarePotsdam, US

Russel Marvin(President)Matthew Honickman(Chief Engineer)

MLtwist provides a unified platform for preparing unstructured data for AI, handling ingestion, transformation, labeling, validation, and versioning across multiple data types.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsACACADEMY INVESTORAIAIN VenturesINInner Loop CapitalSTStage 2 CapitalHIHike Ventures

GURU is an autonomous AI system that automates expert workflows in software applications including design, simulation, and 3D modeling tools.

AI & Machine LearningDeep TechDeveloper ToolsSylmar, US

Co-investorsTETechstars

Becq develops customized radiation shielding materials and design software for nuclear applications including reactors, waste containers, and space systems.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew Materials

NoMIS Power develops Silicon Carbide power semiconductor devices and packaging for high-performance applications including AI data centers, EV fast charging, industrial motors, and defense systems.

Advanced ManufacturingDeep TechEnergyHardwareSemiconductorsAlbany, US

Dr. Adam J Morgan(Co-founder, CEO, & Technical Lead for Packaging Design)Dr. Woongje Sung(Co-Founder & Chief Technology Officer)Gehan Wanduragala(Co-founder, Chief Strategy & Commercial Officer)Dr. Anant Agarwal(Co-Founder & Chief Marketing Officer)Dr. Shahedipour-Sandvik(Co-Founder)

Nusenics develops fiber-optic sensor systems for use in harsh environments where conventional electronic sensors are limited by electromagnetic interference, extreme temperatures, radiation, or chemical exposure.

Deep TechEnergyHardwareIoTEast Lansing, US

Dr. Ming Han(Founder, Professor of Electrical and Computer Engineering at Michigan State University)

NWB Sensors builds high-accuracy environmental sensors for resource management, including infrared cloud imagers with thermal imaging and weather stations, and liquid-less snowpack monitoring systems (Snomonstor).

Climate TechHardwareIoT

Austin Beard(Co-founder)Paul Nugent(Co-founder)

OLI develops simulation software and consulting services for the chemical industry to optimize water chemistry, predict mineral scaling and corrosion, and improve process design and operations.

Advanced ManufacturingAI & Machine LearningDeep TechEnterprise SoftwareSaaS

Marshall RafalSusanna Holt(Chief Technology Officer)Trevor MacMaster(Chief Commercial Officer)

Open Source Instruments manufactures implantable biotelemetry devices and monitoring equipment for small animal research, including transmitters, electrodes, sensors, and data acquisition systems.

BiotechDeep TechDeveloper ToolsHardwareMedical Devices

Kevan Hashemi(President)James BensingerMichael Bradshaw

Optimax provides precision optical components and systems designed through traditional and advanced CNC machining, serving industries including aerospace and semiconductor with expertise in opto-mechanical assemblies and optical systems.

Advanced ManufacturingDeep TechDefense TechHardwareSpace TechOntario, US

Joseph Spilman(Chief Executive Officer (CEO))Peter Kupinski(President)Tom Starin(Chief Financial Officer (CFO))Mike Hyman(Chief Technology Officer (CTO))

Osmoses develops a membrane technology for purifying and separating gas molecules, aimed at making industrial gas separation processes more energy-efficient.

CleantechClimate TechDeep TechNew MaterialsBoston, US

Francesco Benedetti(Co-Founder & CEO)inKatherine Mizrahi Rodriguez(Co-Founder & Chief Implementation Officer)inZPZachary P. Smith(Co-Founder / Associate Professor, MIT)

Co-investorsBLBlindspot Ventures Management CoCOCollaborative FundFIFine Structures VenturesMAMassVenturesNENew Climate VenturesOROrbia Ventures+1 more

Persimia builds custom autonomous aircraft (drones) and simulation software for aerospace and analysis applications, serving renewable energy developers and wildlife consultancies.

EnergyHardwareRobotics

PseudolithIC develops mm-wave RF components including power amplifiers, low-noise amplifiers, and transmit/receive front-ends, using heterogeneous integration of compound semiconductors and silicon.

Deep TechHardwareSemiconductorsSanta Barbara, US

DFDr. Florian Herrault(Chief Operating Officer and Co-founder)Prof. James Buckwalter(CEO, Co-founder)

Co-investorsENEntrada VenturesFOFoothill VenturesUNUncork Capital

Platform for high-throughput material property simulation based on quantum mechanics.

Cambridge, US

Toru Shiozaki(CEO and Co-Founder)

BoardGuanhua Chen(Director)Garnet Chan(Chief Visionary Advisor and Co-founder)

Co-investorsABAbies VenturesEMEmbark VenturesKYKyoto University Innovation CapitalUTUTokyo Innovation Platform Co. Ltd.2X2xN

Radiant Nuclear develops Kaleidos, a portable nuclear microreactor designed to replace diesel generators for remote locations and provide resilient backup power to hospitals, datacenters, and military installations.

Deep TechEnergyHardwareEl Segundo, US

DBDoug Bernauer(Founder)inBUBob Urberger(Founder)in

Co-investorsACAcequia Capital (AceCap)ALAlign VenturesANAndreessen HorowitzBEBeyond CapitalCACantos VenturesCACarbon+27 more

RCAM Technologies develops 3D concrete printing (3DCP) technology to manufacture marine infrastructure locally and at scale, including anchoring systems for ocean energy installations.

Advanced ManufacturingCleantechEnergy

ReLogic is an SBA 8(a) certified manufacturer providing precision CNC machining and advanced composite fabrication for aerospace and defense contractors.

Advanced ManufacturingDeep TechDefense TechHardware

AlphaBravo provides a Kubernetes management platform for air-gapped, disconnected, and classified networks, consisting of Ghost (FIPS 140-3 validated, signed, hardened container images), Pioneer (multi-distribution cluster deployment and Day 2 operations), Astronomer (multi-cluster fleet management), and Charlie (an on-prem AI operator with no external API calls).

Cloud ComputingCybersecurityDefense Tech

Resensys develops wireless sensor networks for remote monitoring of structural health in infrastructure assets like bridges, tunnels, buildings, and dams.

Construction TechHardwareIoT

River Connectivity Systems develops adaptive technologies for reservoir operations, water quality management, and hydropower optimization.

CleantechEnergyHardware

Andrew Peters(Founder and Director)

ev.energy operates a cloud-based platform that optimizes and coordinates charging for electric vehicles alongside home solar and battery systems.

Boulder, US

SDScott Dimetrosky(Founder)inJon Koliner(Founder)NWNick Woolley(CEO, Co-Founder)in

Smartville designs and deploys containerized battery energy storage systems (BESS) built from validated second-life EV batteries, with a cell-level energy management system for monitoring and dispatch.

Circular EconomyCleantechEnergy

Sol-Go designs flexible, lightweight solar panels built for rugged, off-grid and mobile applications such as trucks, RVs, boats, excavators, and military vehicles.

CleantechEnergyHardware

Space Foundry develops plasma jet printing technology that deposits conductive and dielectric electronic materials directly onto planar and complex 3D surfaces in a single dry-process step.

Advanced ManufacturingHardwareSpace TechSan Jose, US

Co-investorsILIllumina Ventures

Synthetik Technologies develops computational modeling and analytics software for analyzing explosive events, blast phenomena, and hypersonic flows, serving defense, civil engineering, insurance, and aerospace sectors.

AI & Machine LearningDeep TechDefense Tech

Brian Watson(CEO)Tim Brewer(COO)Peter Vonk(CTO)Josh Hatfield(CPO)

TelemeTrak develops supercapacitor-based buffering technology for residential and small commercial solar PV plus battery storage systems, reducing power clipping and battery strain, along with a design optimization tool and remote monitoring.

CleantechEnergyIoT

Fred

Tessellated Inc. develops high tensile-strength engineered composite thin films produced via roll-to-roll manufacturing, working with U.S. defense and government agencies on applications including aircraft, body armor, ballistic protection, and lighter vehicles for emissions reduction.

Deep TechDefense TechNew Materials

Kevin Craig(Chief Executive Officer)in

Co-investorsELElevate Ventures

URTPC develops real-time simulation software for power conversion systems, enabling companies to model and analyze electrical, thermal, and structural components integrated together.

Deep TechEnergyEnterprise SoftwareRoboticsSaaS

Debiprasad Panda(President, Founder and Owner)

VesprSolar manufactures PV panel fasteners and rail systems designed for large-format solar modules to handle extreme weather and reduce installation time.

CleantechEnergyHardwareSomerville, US

Robert Sewell(Executive Officer, Director, Promoter)inJames Sewell(Director)

Co-investorsATAtlanta Technology AngelsLALaunchpad Venture GroupPLPlains VenturesSWSWAN Impact Network

VISIMO builds testable and traceable AI decision systems for federal government customers that work with incomplete, high-consequence data.

AI & Machine LearningDefense TechGovTech

James Julius(Founder and CEO)

Wasatch Ionics develops advanced battery chemistries and energy storage solutions, including lithium-oxygen batteries, lithium-ion battery recycling technology, and reserve batteries for military and space applications.

Deep TechDefense TechEnergyNew MaterialsSalt Lake City, US

Javier Alvaré(President and R&D Director)

Zyd Energy develops LOCUS Flow Router technology, a system integration and control device that enables plug-and-play integration of heat pump water heaters (HPWH) and storage tanks.

CleantechEnergyIoT