Farad Power Inc.

Farad Power Inc. Farad Power Division, a minority-owned small business headquartered in Hillsborough, California, develops advanced battery technologies and anode materials for defense and aerospace applications as a prime contractor exclusively under total small business set-asides. The company specializes in high-energy sodium-ion and lithium-ion battery systems, along with biomass-derived anode materials, and operates entirely as a prime contractor with no subcontract footprint in its recent federal award history.

Farad Power competes exclusively within defense research and development, with customer concentration split three ways across three Defense agencies. The Department of the Air Force Materiel Command Research Laboratory, the Department of the Navy Office of Naval Research, and the Department of the Army each account for equal or near-equal shares of recent work. By award count, the Air Force leads with four awards ($1.1 million combined potential value), while the Navy and Army tie at two awards each ($2.2 million combined potential value for each). The two rankings diverge slightly by timing and magnitude; the Army's highest-value contract is the most recent award. All eight awards sit within national defense R&D services, split between applied research (seven awards) and basic research (one award), under NAICS 541711 (Research and Development in the Physical, Engineering, and Life Sciences).

Recent concrete work examples include a $2 million firm fixed-price definitive contract from the Department of the Army awarded March 30, 2026, for development of high-energy 6T batteries with biomass-derived anode materials, with performance in Hillsborough and an ultimate completion date of September 30, 2027; a $1.995 million cost-plus-fixed-fee Small Business Technology Transfer Phase II contract from the Office of Naval Research awarded July 28, 2025, continuing Phase II research on advanced energy storage technologies; a $748 thousand Small Business Innovation Research Phase II purchase order from the Air Force Research Laboratory awarded March 11, 2022, for high-energy battery research enabling electric flight technologies; and a $250 thousand Small Business Innovation Research Phase I definitive contract from the Department of the Army awarded October 30, 2024, as a feasibility study on advanced energy storage systems.

Activity has been sporadic, with one award in 2022, two in 2023, one in 2024, two in 2025, and one in 2026 (combined potential value $5.6 million across eight awards). One award carrying $2 million in combined potential value reaches ultimate completion within the next twenty-four months and faces recompete. Farad Power holds no positions on government-wide vehicles, parent IDIQs, GWACs, or BPAs; all awards are direct prime relationships under individual contracts. The company's federal footprint is entirely contained within Defense Department research and development contracts and represents a specialized capability provider in battery materials innovation for military applications, with no civilian agency customer base and no established subcontracting relationships.