Public beta© 2026 Adaptrex, LLC
Public beta© 2026 Adaptrex, LLC
Federal grant · cooperative agreement (b)
Bil - Fully Automated Production Proton Exchange Membrane Electrolyzers to Achieve Hydrogenshot the Goal of This Program Is to Build the World’s First Fully Automated Pilot Proton Exchange Membrane (PEM) Electrolyzer Production Line. Specific Objectives Include: 1) Production Capacity of 500 Mw/year; 2) a Repeatable Design That Will Serve as the Technical Basis for Future Pem Electrolyzer Manufacturing Expansion; 3) Stack Costs of <$90/KW; and 4) Other Critical Performance Criteria Set by Nel in the Table Below (nel 2026 Target)
Committed
$49.5 Million
Paid out
$4.0M
8%
Committed, not yet paid
$45.6M
92%
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 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.
The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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.
One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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