GVD Corp

GVD Corporation New Igniite 2025 Award Control Number: 3477-1638 Title: Laser Furnace for Reduction of Iron Ore to Iron Metal This Competitive Cooperative Agreement for a Research and Development Project Entitled, “laser Furnace for Reduction of Iron Ore to Iron Metal” Is Awarded GVD Corporation Under Arpa-e Foa Number DE-FOA-0003477 (igniite 2025) and Control 3477-1638. the Purpose of This Award Is to Develop a Laser Furnace to Convert Iron Ore Into Iron Metal Without Emitting Carbon Dioxide, at Lower Cost Than the Blast Furnace. Our Mission Is to Replace Fossil Fuels Traditionally Used in Ironmaking With Lasers Powered by Clean Electricity. at the Core of Limelight Steel’s Process Are Semiconductor Laser Diodes, Which Enable New Temperature and Pressure Ranges to Reduce High and Low-grade Iron Ore Fines Into Molten Iron Metal.

Committed

$499,926

Paid to

GVD Corp

UEI M73MDQHXXHY1

45 Spinelli Place, Cambridge, MA, 02138

Department of Energy

Place

CAMBRIDGE, MA, UNITED STATES

MA-90

Performance

Mar 26, 2026 → Mar 25, 2028

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

GVD Corp

Committed

$499,926

Paid to

GVD Corp

UEI M73MDQHXXHY1

45 Spinelli Place, Cambridge, MA, 02138

Department of Energy

Place

CAMBRIDGE, MA, UNITED STATES

MA-90

Performance

Mar 26, 2026 → Mar 25, 2028

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 ↗