MCLEAN, Va. – Booz Allen Hamilton (NYSE: NYSE:BAH) has secured a ten-year contract worth $550 million to provide comprehensive support to the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E).
The contract aims to foster the development of groundbreaking technologies that could transform the way energy is generated, stored, and utilized across the nation, ultimately contributing to emission reduction and enhancing the resilience of the U.S. power grid.
The partnership between Booz Allen and ARPA-E dates back to the agency's inception in 2009, with the former playing a pivotal role in its establishment. The collaboration is set to continue as Booz Allen commits to assisting ARPA-E in identifying and nurturing innovative energy solutions that are currently too speculative for private-sector investment.
Booz Allen's team, which includes over 50 Ph.D. holders, will engage in various stages of technology development, from conceptualization to de-risking, to ensure these emerging technologies can attract long-term funding and achieve market readiness. The contract involves a whole-of-organization approach, leveraging the company's expertise in digital transformation, project management, finance, and artificial intelligence (AI) and machine learning (ML).
The company's track record with ARPA-E includes significant achievements such as the inaugural hybrid-electric flight to Alaska, the launch of the first commercial direct Air Capture facility, and the establishment of the world's first manufacturing line dedicated to thermophotovoltaic cells. These efforts have led to tangible outcomes, including the creation of over 150 new companies, the publication of 7,318 peer-reviewed articles, and the generation of 1,120 U.S. patents.
Booz Allen's broader commitment to energy and climate initiatives is evident in their diverse portfolio, which encompasses projects like rebuilding the climate-resilient Tyndall Air Force Base using digital twin technology and applying AI and ML to enhance climate intelligence.
This new contract underscores Booz Allen's ongoing dedication to advancing the U.S. position in science and technology, addressing environmental challenges, and promoting economic prosperity through innovative energy research. The work will be conducted primarily at ARPA-E's headquarters in Washington, DC, and forms part of Booz Allen's mission to empower change-makers in the energy sector.
The information for this article is based on a press release statement.
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