Switched Source Inc.

Bipartisan Infrastructure Law (BIL) – Carpe Diem: Catalyzing the Adoption and Rollout of Power Electronics to Distribution Infrastructure to Enhance System Performance Carpe Diem Project Is to Deploy Distribution Level Power Flow Controllers to a Large Utility at Scale, and to Incorporate This Technology Into Their Planning and Operational Practices. the Medium Voltage Power Flow Control Technology Under Consideration Is the Phase-eq, a Commercially Available Distribution Automation Device That Balances the Flow of Power Between the Phases of a Distribution Primary. the Foundational Benefit, and the Measuring Stick for Success Will Be Increased Load Serving Capacity: System Reliability, Cost Efficacy, Electric Vehicle and Solar Hosting Capabilities of the Grid All Benefit Markedly From Increased Load Serving Capacity.

Committed

$45.1 Million

Paid to

UEI JLUWM1HL3LN9

4840 S Saint Louis Ave, Chicago, IL, 60632

Department of Energy

Place

NORTH PALM BEACH, FL, UNITED STATES

FL-21

Performance

Jan 1, 2025 → Dec 31, 2029

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

Grid Infrastructure Deployment and Resilience to

Switched Source Inc.

Committed

$45.1 Million

Paid to

Switched Source Inc.

UEI JLUWM1HL3LN9

4840 S Saint Louis Ave, Chicago, IL, 60632

Department of Energy

Place

NORTH PALM BEACH, FL, UNITED STATES

FL-21

Performance

Jan 1, 2025 → Dec 31, 2029

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 ↗