No. Salt Lake's OxEon Energy wins $36 million in DOE hydrogen funding

OxEon Energy, an energy storage solutions provider based in North Salt Lake, has been awarded a $36 million grant from the U.S. Department of Energy to fund development of the company’s solid oxide electrolysis (SOEC) manufacturing capabilities. SOEC produces hydrogen or synthesis gas for energy storage, sustainable fuel production and for industrial processes. The funding comes from the Bipartisan Infrastructure Law passed by Congress last year.

OxEon’s SOEC technology has been used aboard the Mars Perseverance Rover within NASA’s Mars Oxygen In Situ Resource Utilization Experiment and the company has also scaled the SOEC device for earthbound applications.

The new funding injection will be used to increase OxEon Energy’s manufacturing capabilities, targeting its 25-megawatt annual production capacity while streamlining processes and decreasing stack manufacturing costs, as a steppingstone for OxEon’s first gigawatt facility, the company said. The project will involve assessing risks, opportunities, workforce and energy impact, engaging key stakeholders for evaluation and mitigation planning.

“We are ecstatic about securing funding from the U.S. Department of Energy for our manufacturing automation and scale-up plan,” said Jessica Elwell, chief operating officer at OxEon Energy. “This initiative isn’t just about bolstering our manufacturing capabilities — it’s about job creation, investment attraction, sustainable growth of the hydrogen economy, and solidifying OxEon Energy’s position as a global frontrunner in solid oxide systems.”