Corepower Magnetics Inc

Bipartisan Infrastructure Law (BIL) - Advanced Metals and Component Manufacturing Facility to Boost Domestic Supply Chain Resiliency of Transformers and Motors for Grid and Electric Vehicle Applications. the Objective of the Project Is to Establish =10,000 Tons Per Year of Soft Magnetic Amorphous Metal Production Capacity Capable of Meeting Distribution Transformer Standards.

Committed

$20.0 Million

Paid to

UEI ZG4MT7M5THD1

1435 Bedford Ave, Pittsburgh, PA, 15219

Department of Energy

Place

PITTSBURGH, PA, UNITED STATES

PA-12

Performance

Mar 15, 2025 → Mar 14, 2027

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

Manufacturing and Energy Supply Chain Demonstrations and Commercial Applications to

Corepower Magnetics Inc

Committed

$20.0 Million

Paid to

Corepower Magnetics Inc

UEI ZG4MT7M5THD1

1435 Bedford Ave, Pittsburgh, PA, 15219

Department of Energy

Place

PITTSBURGH, PA, UNITED STATES

PA-12

Performance

Mar 15, 2025 → Mar 14, 2027

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 ↗