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The Venture Codex

U.S. Department of Energy

1000 Independence Ave., SW, Washington, DC, 20585, United States

Overview

US Department of Energy is a government agency that regulates energy policy, research, and development. The Energy Department's mission is to ensure America’s security and prosperity by addressing its energy, environmental, and nuclear challenges through transformative science and technology solutions.

Total investments
79
Lead investments
56
Investments · 12mo
5
Active investors
11

Sector focus

  • Energy
  • Energy Efficiency
  • Energy Management
  • Finance
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Investment portfolio

  • Coreshell Technologies

    Led · Grant · Aug 2026

    Coreshell Technologies develops metallurgical silicon anode materials intended for use in battery anodes. The company has been selected as a recipient of a $50 million DOE award to expand its manufacturing capacity for that material. This award is part of a larger $500 million DOE program aimed at strengthening domestic energy supply chains and supporting startups. The program emphasizes goals such as reducing dependence on foreign sources, enhancing national security, and advancing U.S. energy leadership, with defense demand highlighted as an important market signal. The company’s near-term plan, as reflected in the award, centers on scaling production capability. The article did not provide revenue, user, founding year, location, or prior financing details.

  • Curio

    Led · Grant · Aug 2026

    Curio is developing NuCycle, a nuclear recycling technology that uses selective fluoride volatility and electrowinning to separate and recover uranium and transuranic materials from used nuclear fuel. The company is conducting laboratory‑scale validation using actual used fuel and transuranic waste in collaboration with national labs including Pacific Northwest National Laboratory and Savannah River National Laboratory. Curio is advancing regulatory pathways and preliminary engineering designs alongside its technical demonstrations. The firm began a DOE ARPA‑E cost‑share program in 2023 and received an additional $2.5 million award in the current phase, matched by roughly $1 million of company investment. Curio reported that the project reached key technical milestones in September 2025. The company plans to build a scaled prototype laboratory and demonstration facility capable of processing as much as 4,000 metric tons of used nuclear fuel by the end of 2027.

  • Alice & Bob

    Led · Grant · Mar 2026

    Alice & Bob develops a cat‑qubit architecture aimed at achieving fault‑tolerant quantum computing and building hybrid quantum–GPU systems. The company has worked closely with NVIDIA since 2024 to integrate its qubits with NVIDIA’s accelerated computing stack, including CUDA‑Q, cuQuantum and NVQLink, and maintains an open‑source quantum simulation library called Dynamiqs. Its stated plans include integrating cat‑qubits with high‑performance computing centres worldwide to advance hybrid quantum‑classical supercomputing. Financially, Alice & Bob’s Series B was sized at €100 million and the round was expanded with an investment from NVentures, though specific terms of that investment were not disclosed. Ongoing integration projects with NVIDIA form a key part of its technical and commercialization roadmap.

  • V-Glass

    Participated · Grant · Mar 2026

    V-Glass develops next-generation vacuum insulated glass (VIG) that the company says delivers 2–3x the thermal performance of ENERGY STAR® windows, lasts twice as long, and can be produced at no greater manufacturing cost. Its technology emphasizes affordability, 100% recyclability, and use of non-toxic materials compared with existing insulated glass units. The company plans to use recent funding to advance automation and manufacturing methods and to move from lab-scale production into a pilot plant. V-Glass has a long-standing (15-year) relationship with the DOE and national labs, which has supplied non-dilutive funding and technical support, and it recently won a $1M ARPA-E grant. It also secured a contract with the U.S. Army Engineer Research and Development Center (ERDC). The company is based in Waukesha, Wisconsin.

  • Infleqtion

    Led · Grant · Mar 2026

    Infleqtion builds a diversified portfolio of quantum technologies, including neutral-atom quantum computers, quantum optical clocks, RF receivers, inertial sensors, and the Superstaq quantum software platform. Its hardware and software are already in use by customers such as the U.S. Department of War, NASA, the U.K. government, and partners like NVIDIA. The company is expanding its government and commercial engagements, exemplified by multiple ARPA-E contracts aimed at tackling energy-related challenges. Under the new QC3 award, Infleqtion will employ its neutral-atom platform and a proprietary algorithm to search for novel high-temperature superconductors that could enable lossless power transmission. Parallel work under the ENCODE program applies quantum-enhanced methods to optimize the energy grid. Together, these projects position Infleqtion at the forefront of quantum applications in chemistry, materials science, and energy infrastructure. Although the article does not disclose revenue or user counts, the repeated selection for federal contracts highlights growing commercial traction and non-dilutive funding to support R&D.

Team

  • Jimmy Carter

    Founder

    LinkedIn
  • Andraleigh Rodini

    Civil Liberties and Privacy Officer

    LinkedIn
  • Jigar Shah

    Director

    LinkedIn
  • Elizabeth Sherwood-Randall

    Deputy Secretary of Energy