Litespeed Energy Inc

Integrated, Non-metallic Floating PV System for Resiliency, Corrosion Resistance and Safety. the Project Goal Is to Design, Develop, Model, Fabricate and Test a Lightweight, High Strength Turnkey PV System (module, Float and Integrated Attachments From One Supplier, Litespeed Energy (lse)) for Floating Photovoltaics (FPV) Which Is Weather Resilient, Non-corrosive and Requires No Grounding and No Tooling. the Project Includes Producing Tooling, Blow Mold and Injection Process and System Assembly Process.

Committed

$1.9 Million

Paid out
$739.8K
39%
Committed, not yet paid
$1.2M
61%

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 · cooperative agreement (b)

Department of Energy

Renewable Energy Research and Development to