ARPA-E Awards Booz Allen $550M Contract to Support Energy Technology Innovation

Booz Allen Hamilton (NYSE: BAH) announced today it was awarded a ten-year $550 million contract from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to support the advancement of high-potential, high-impact, early-stage technologies that generate, store, and use energy in entirely new ways to reduce U.S. emissions, improve energy efficiency, and increase the resiliency and reliability of the U.S. power grid. Booz Allen was instrumental in the stand up of ARPA-E in 2009 and has been a key mission partner since Day One. The company serves as primary technical and operations support to ARPA-E—an organization that, in the words of its first director Dr. Arun Majumdar, was tasked with identifying, shepherding, and accelerating “…the stuff that sounds crazy until it changes the world.”

A funding and technology agency, ARPA-E will be supported under this contract by Booz Allen to help identify energy mission needs, support an innovation ecosystem to drive emerging technology that promises to meet the nation’s energy goals—but that is too nascent for private sector investment—and then de-risk it in order to secure long-term funding and deployment for impact. This work draws from Booz Allen’s more than 50 years of support for government ARPA programs, including for health (ARPA-H), intelligence (IARPA) and defense (DARPA); and more than 10 years specifically supporting ARPA-E; in addition to Booz Allen’s own corporate venture capital arm, Booz Allen Ventures, which identifies and invests in early-stage technology poised to transform mission outcomes for the public sector.

“We are proud to be ARPA-E’s partner in powering the critical mission to enhance the U.S. competitive position in science and technology, improve environmental wellbeing, and solve the most pressing climate challenges using novel technology,” said Mike Miller, leader of the company’s ARPA-E work and its broader civilian energy business. “Booz Allen empowers its people to change the world, and our team is doing just that—upsetting the status quo in energy technology, operating like a startup, and advancing an ecosystem where not-yet-invented technology can rise and be deployed for good.”