Verne Inc

Verne, Inc., New Sbir/sttr Award Under DE-FOA-0001954 (SEED) With the Project Title, ''decoupling High-density Hydrogen From the Liquid Hydrogen Infrastructure: Catalyst-filled Heat Exchangers for Modular Cryo-compressors.'' Cryo-compressed Hydrogen (CCH2) Offers a Thermodynamic Optimum for High-density, Low-cost Storage as a Key Element in Achieving Economical Hydrogen Infrastructure. Verne Is Developing a Cryo-compressor Technology Platform That Will Convert Gaseous Hydrogen (GH2) at Low Pressures (e.g., 20 Bar) and 300 K, to CCH2 (60–80 K and 300–500 Bar).

Committed

$499,684

Paid to

Verne Inc

UEI JGXJP7P66HZ1

90 Welsh ST, San Francisco, CA, 94107

Department of Energy

Place

SAN FRANCISCO, CA, UNITED STATES

CA-90

Performance

Aug 22, 2022 → Aug 21, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Energy

Advanced Research Projects Agency - Energy to

Verne Inc

Committed

$499,684

Paid to

Verne Inc

UEI JGXJP7P66HZ1

90 Welsh ST, San Francisco, CA, 94107

Department of Energy

Place

SAN FRANCISCO, CA, UNITED STATES

CA-90

Performance

Aug 22, 2022 → Aug 21, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗