FAYETTEVILLE, Ark. — U.S. Deputy Secretary of Energy Daniel Poneman recently announced $11 million in innovative research and technology grants of up to $150,000 have been awarded to nearly 70 small businesses nationwide. He also highlighted that over the past year, the Department of Energy (DOE) supported $8 billion in contracts to over 7,000 small businesses.
Poneman made the announcements during a tour of Arkansas Power Electronics International (APEI), a small business that received one of the Small Business Innovative Research grants of $150,000. APEI develops state-of-the-art technology in power storage systems for electric vehicles and other clean energy technologies.