Claremont Creek Ventures portfolio company, Alphabet Energy awarded $1.48M In SBIR Phase II Contracts

February 24, 2011  source:PRWeb

Early-stage company with breakthrough thermoelectric technology for waste-heat recovery continues course toward commercialization with award of two SBIR Phase 2 contracts for delivery of field-test products to Air Force and Army. –

Alphabet Energy Inc., maker of thermoelectric materials for waste-heat recovery, has secured two Phase II contracts from both the U.S. Air Force and U.S. Army Small Business Innovation Research (SBIR) programs. The contracts, valued at $750,000 and $730,000, respectively, are for delivery of products that generate electricity from waste heat for use by the Air Force and Army in specific field applications, including mobile auxiliary power generation aimed at boosting energy efficiency throughout the armed services’ front-line operations. Reducing energy use is a top priority for the United States military; improving energy efficiency in the military’s battlefield operations would lead to fewer costly and dangerous fuel resupply missions.

“The efforts of Alphabet’s outstanding team over the past eighteen months, with the U.S. government’s support, have resulted in an enormous amount of technology derisking. The Army and Air Force are recognizing this through their Phase II awards and we’re excited to deliver prototypes to them and to our non-military customers for pilot testing during this next phase,” said Matt Scullin, Alphabet’s CEO and founder.

Read the full story at PRWeb