January 16, 2013. Bio2Electric, an energy technology company on Washington Road in the Sarnoff Center, was one of 66 companies to receive a $600,000 grant from the federal government.
The company’s project to convert natural gas into liquid fuel was selected by the U.S. Energy Department’s Advanced Research Projects Agency (ARPA-E) to receive a total of $130 million in funding through its “OPEN 2012” program. Funding ranged from almost $5 million to about $400,000.