Contractor has been awarded a grant by CalOSBA as an Accelerate CA Hub client. Grant shall be used exclusively to support proof of concept…

PeraWatt Energy Inc. has been awarded an encumbrance-only contract by the State of California's Business & Economic Development organization, effective February 11, 2026, with a total contract value of $100,000. The award is structured as a single line item with a unit price of $100,000. As a CalOSBA (California Governor's Office of Small Business and Entrepreneurship) Accelerate CA Hub client, PeraWatt Energy Inc. has received a grant that is restricted to support proof of concept, research, design, and development projects as specified in the corresponding grant agreement.

The contract establishes the financial encumbrance for PeraWatt Energy Inc. to execute qualifying research, design, and development activities under the parameters of the California Accelerate Hub program. The fund utilization is limited exclusively to the proof of concept and developmental phases outlined in the executed agreement. Specific details regarding the period of performance, detailed scope of work, and place of performance are not disclosed in the available contract documentation.