Two Santa Fe Companies Receive More Than $1.5 Million in State Energy Awards

The City of Santa Fe Economic Development Division congratulates two local companies recognized through the State of New Mexico's Advanced Energy Awards for their groundbreaking work in next-generation energy technologies.

Molten Salt Solutions received a $900,000 Research and Development Award to expand production of enriched lithium, a critical material used in fusion energy and other carbon-free energy systems.

Liberty Fusion received a $625,000 Research and Development Award to advance its modular fusion energy system, building on technology pioneered at Los Alamos National Laboratory.

Together, the two Santa Fe companies received more than $1.5 million to accelerate the commercialization of technologies that could strengthen domestic energy production, manufacturing, and national competitiveness.

"Today's announcement is another reminder that Santa Fe is home to entrepreneurs tackling some of the world's most important challenges," said Johanna Nelson, Director of the City of Santa Fe Economic Development Division. "We're grateful to the state for investments that help innovative companies grow here in New Mexico."

The awards also highlight New Mexico's growing advanced energy ecosystem. Among this year's recipients, Airloom Energy will partner with Kit Carson Electric Cooperative on a planned 5-megawatt wind energy demonstration project, further expanding advanced energy innovation across North Central New Mexico.

The City of Santa Fe is proud to support businesses that are creating high-quality jobs, advancing new technologies, and helping shape the future of New Mexico's innovation economy.

Click here for more information about the Economic Development Division.