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American Electric Power (AEP)
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Owner and developer of electricity generation, transmission, and distribution assets, and parent company to six utilities across 11 states

Founded in 1906
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Company type Public Public ()
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TRL Range 9
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 Columbus, OH Columbus, United States
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Updated by Cleantech Group on 12/14/2023

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11/14/2024
Bloom Energy Bloom Energy
Supply agreement for up to one GW of fuel cell products, including 100 MW of fuel cells with expansion in 2025
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Confirmed by Bloom Energy
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Date Investors Type Amount
10/19/2023 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
The grant will fund part of the cost to implement more advanced systems and new technologies that will enhance AEP’s ability to reduce service interruptions and minimize the duration of outages through smart devices that optimize power delivery for customers.
Grant $27,800,000
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