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Achates Power
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Developer of fuel efficient, clean, low-cost internal combustion engines

Founded in 2004
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters San Diego, CA San Diego, United States
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Updated by Kendra DeWitt at Achates Power on 01/03/2014

Edited by Cleantech Group on 12/21/2022

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Date Company
10/31/2013

Fairbanks Morse Engine Fairbanks Morse Engine

Achates Power has signed a joint development and licensing agreement with Fairbanks Morse Engine, the leading U.S. maker of opposed-piston engines.

Confirmed by Fairbanks Morse Engine

Partnerships
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Date Partner Type
06/25/2020
Ricardo Ricardo
This partnership will support the advancement and application of Achates Power technology for domestic automakers seeking internal combustion engine solutions that improve vehicle and fuel efficiency while reducing greenhouse gas emissions.
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Confirmed by Ricardo
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IPO INFORMATION

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Description

Date Investors Type Amount
07/17/2020 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
This funding is part of the DOE's Office of Energy Efficiency and Renewable Energy (EERE) to support the DOE's Energy Storage Grand Challenge.
Grant $5,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Achates Power Opposed-Piston, Two-Stroke Engine

Achates Power has developed radically improved internal combustion engines that increase fuel efficiency, reduce GHG emissions and are lower cost.

Product Development License of Usage
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