SANTA FE — The New Mexico Economic Development Department (EDD) announced that five advanced energy companies were awarded \$3.3 million through the state’s Advanced Energy Award Pilot Program to support innovation and commercialization.
The competitive state-funded grant is awarded through EDD’s Office of Strategy, Science & Technology (OSST).
Applications from 24 companies were evaluated by the state’s Technology Research Collaborative Board, a volunteer board that promotes the commercialization of New Mexico-born technologies. Seven applicants were invited to the Advanced Energy Award Finalist Pitch on April 16, hosted by UNM Rainforest Innovations, where their applications were re-evaluated, and five were ultimately selected as awardees.
>> In Other News: Turning Wastewater into a Climate Ally: CREW Carbon's New Milestone
"The work of these innovative companies solidifies New Mexico as a leader in advanced energy," EDD Cabinet Secretary Rob Black said. "It’s critical that we continue to elevate homegrown technology to ensure that our state remains ahead of the pack in science and technology."
Below are the 2025 New Mexico Advanced Energy Award Pilot Program awardees:
Carbogenics USA in Santa Fe was awarded \$440,000. The company upcycles liability biomass, like fire-devastated forest woodlands, into a novel biochar called CreChar that can be used as a bio-additive to enhance the production volume and quality of biogas, and prevent carbon emissions.
Firescape Inc. in Albuquerque was awarded \$500,000. Firescape delivers the most advanced suite of wildfire management tools to assist electric utility companies in confronting increasing wildfire risk.
KiloNewton LLC in Albuquerque was awarded \$550,000. They provide full-scope solar design engineering services and engineering consulting services to solar tracker manufacturers worldwide to make renewable energy more competitive.
Spiritus Technologies PBC in White Rock was awarded \$925,000. Spiritus offers high-quality direct-air capture (DAC) carbon removal that captures and isolates megaton-scale CO2 from the atmosphere.
VastVision Technologies, Inc. in Albuquerque was awarded \$925,000. The company is developing a new class of wireless and passive magnetoelastic sensor systems and integrated software, including MagTag, which enables real-time, interference-immune sensing of hydrogen gas leaks, ground faults, and environmental conditions.
As finalists at the pitch event, Dash2 Labs in Albuquerque and The Trollworks in Silver City, were also awarded \$10,000 each to support further growth.
KiloNewton, Spiritus Technologies, and VastVision Technologies are all previous recipients of EDD grant funds and/or state incentives; the advanced energy award will build on past progress while laying the groundwork for their continued success.
OSST is collaborating with the University of New Mexico Rainforest Innovations to manage the pilot program. Awardees will receive funding over the next year as they achieve specific milestones.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌎 Chevron Doubles Down on Carbon Capture with Massive Bayou Bend Hub 🌱 Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality 🏭 MATHESON to Build Ne...
Inside This Issue 🌎 History Made: Deep Sky Alpha Begins Operations with North America's First CO2 Storage via Direct Air Capture 🏅 Neste Achieved Platinum Medal in EcoVadis Sustainability Assessme...
Inside This Issue 🌱 Why Gevo's Live BECCS Project Changes Everything 🛢️ Alternative Carbon Carrier Technology Could Improve Both Oil Production and Carbon Storage 🌊 Hyundai Engineering & Const...
MATHESON to Build New Air Separation Plant in Las Vegas, Nevada, USA
BOULDER, Colo.--(BUSINESS WIRE)--Today, ION Clean Energy (ION), a leading provider of innovative post-combustion carbon capture solutions, announced a new offering called ICE Blocks™. These standar...
Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality
A pioneering waste management solution could soon transform how one Manitoba community handles organic waste. This week, Carbon Lock Tech, an innovative local startup, presented an ambitious propos...
What US Clean Energy Tax Credit Types Are Available in 2025?
In 2022, the Inflation Reduction Act (IRA) paved the way to grow clean energy investments in the US by extending and adding new types of tax credits. Its largest innovation, transferability, allow...
Marine Carbon Dioxide Removal Coalition Launches, Creates Forum to Responsibly Grow the Field
The coalition unites marine carbon removal companies, nonprofits, and academics to advance research and the responsible development of the sector WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The Mari...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.