This contract award to Farad Power Inc. is for Phase I of a Small Business Innovation Research (SBIR) program with the Department of the Army. The $249,994.80 firm-fixed-price contract is focused on research and development of advanced carbon composite materials for energy storage devices like batteries and supercapacitors. Farad Power Inc. is a minority-owned, for-profit manufacturer of goods that specializes in battery materials innovations. The contract is set aside for small businesses and is part of the company's ongoing work with the Department of Defense and agencies like the Air Force Research Laboratory and Naval Air Systems Command to develop high energy batteries for electric flight and sodium-ion batteries for emergency power systems. This SBIR Phase I award continues Farad Power's research efforts funded through the SBIR and Small Business Technology Transfer (STTR) programs.
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