State awards over $7 million to support advanced energy sector
Nine advanced energy companies in New Mexico received a share of $7.5 million in New Mexico Advanced Energy Award grants designed to accelerate technology advancement and deployment and attract companies to the state.
The award, administered by Economic Development New Mexico’s (EDNM) Technology & Innovation Office (TIO), is in its third year and offers two classes of awards — Research and Development and Pilot Projects — to better support commercialization.
Four companies received Pilot Project Awards that support the transition of research into practical, deployable technology and enable early-stage companies to pilot advanced energy technologies in the state.
“New Mexico is building real momentum in technology and innovation with outstanding research partners, a welcoming business climate and state investments designed to help companies at every stage,” said EDNM Cabinet Secretary Rob Black. “These companies show just how dynamic our tech pipeline is — and how much opportunity lies ahead.”
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