Faraday Technology
Faraday Technology, Inc. is a privately held electrochemical engineering firm developing electrodeposition-based surface coatings and overlays for nuclear reactor components and other extreme-environment applications, funded primarily through U.S. Department of Energy SBIR awards.
- Company typePrivate
- Founded1991
- HeadquartersEnglewood, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Faraday Technology does
Faraday Technology, Inc. is a privately held applied electrochemical engineering firm founded in 1991 and headquartered in Englewood, Colorado. The company develops electrodeposition-based surface engineering technologies—principally scalable electrodeposited overlays and corrosion-resistant coatings—targeted at extreme-environment applications, with primary focus on nuclear reactor components such as roller bearings and gears operating in liquid sodium cooled fast reactors. Its offerings address durability, corrosion resistance, and lifecycle cost reduction for high-temperature reactor environments, with documented proprietary processes built around electrodeposited overlay manufacturing rather than off-the-shelf plating.
Faraday Technology's revenue model is anchored in U.S. federal R&D funding, primarily through Small Business Innovation Research (SBIR) awards from the Department of Energy (DOE), with a prior 2019 EPA award representing the only documented non-DOE federal relationship. The firm operates with a small specialist headcount of 11–50 employees and discloses no commercial pricing, distribution channels, or product sales motion; revenue is generated via government R&D contracts and grants rather than commercial transactions. Its go-to-market is programmatic, leveraging federal SBIR Phase I and Phase II solicitations to fund iterative technology development, with cumulative disclosed federal inflows exceeding $4.7M across 2019–2024.
The organization is founder-led: Jennings Taylor serves as Founder, Chief Technical Officer, and Intellectual Asset Manager, signaling a technically driven operating model concentrated in electrochemical surface engineering for nuclear and adjacent harsh-environment applications. Customer concentration is essentially a single sponsor (U.S. DOE), and the business is best characterized as a government R&D services and prototyping shop with niche, defensible materials science rather than a scaled commercial products company.
Faraday Technology firmographics
Firmographics- Name
- Faraday Technology
- Legal name
- Faraday Technology, Inc.
- Website
- https://faradaytechnology.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Faraday Technology, Inc. is a privately held electrochemical engineering firm developing electrodeposition-based surface coatings and overlays for nuclear reactor components and other extreme-environment applications, funded primarily through U.S. Department of Energy SBIR awards.
- Ownership category
- akta.pro rank
Faraday Technology industry classification
Industry- Product category
- Electrodeposition Coatings for Nuclear Components
- NAICS
- Electroplating, Plating, Polishing, Anodizing, and Coloring (332813)
- SIC
- Miscellaneous Chemical Products (2890), Miscellaneous Fabricated Metal Products (3490)
- akta.pro primary industry
- Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives) (IMAEAKAK)
- akta.pro secondary industry
- EDM & Electrochemical Machining (Wire/Sinker EDM, ECM) (IMAHADAF)
Keywords
Where Faraday Technology is headquartered
LocationHeadquarters
- HQ city
- Englewood
- HQ country
- United States
- HQ region
- North America
Markets served
Faraday Technology business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations
Revenue model
- SBIR Phase II Award (DOE): Federal R&D funding through U.S. Department of Energy Small Business Innovation Research (SBIR) program. $1,150,000 award in 2023 for developing scalable electrodeposited overlays for nuclear reactor components.
- SBIR Phase I Award (DOE): Federal R&D funding through U.S. Department of Energy Small Business Innovation Research (SBIR) program. $206,500 award in 2023 for developing corrosion-resistant coatings for nuclear reactor components.
Faraday Technology product offering
Product offeringCore offering
Faraday Technology develops and applies proprietary electrochemical/electrodeposition technology to produce surface coatings and corrosion-resistant overlays for extreme-environment components. Its primary offerings are scalable electrodeposited overlays for nuclear reactor components and specialized corrosion-resistant coatings for roller bearings and gears used in liquid sodium cooled fast reactors, sold to government and commercial clients in the nuclear energy sector.
Product overview
Faraday Technology develops surface engineering solutions for nuclear reactor applications. The company offers two primary technology offerings: scalable electrodeposited overlays for improved durability of nuclear reactor components, and corrosion-resistant coatings specifically designed for roller bearings and gears in liquid sodium cooled fast reactors. Both technologies aim to increase component lifespan and reduce operational costs for next-generation nuclear reactors.
Differentiator
Problem solved
Functional benefit
Products and services
- Scalable Electrodeposited Overlays for Nuclear Reactor Components Electrodeposited overlay technology for nuclear reactor components that increases corrosion resistance and reduces costs for reactors operating at high temperatures; developed under a DOE SBIR Phase II award.
- Corrosion-Resistant Coatings for Roller Bearings and Gears Specialized coatings for roller bearings and gears used in liquid sodium cooled fast reactors, designed to improve component durability and reduce operating costs for next-generation nuclear reactors; developed under a DOE SBIR Phase I award.
Quantifiable outcome
- Lower costs for reactors operating at high temperatures
- +1 more outcomes
Companies that use Faraday Technology
Customer profileSegments2 records
Ideal customer profiles2 records
Faraday Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Faraday Technology partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
Faraday Technology competitors and assessment
Company assessmentDirect peers
- Hardide Coatings: Provider of wear- and corrosion-resistant surface coatings applied via chemical vapor deposition to industrial components. Closest direct analog to Faraday's electrodeposited overlay technology in terms of value proposition (extending component life in extreme environments) and target customer profile (energy, aerospace, industrial).
Broad incumbents
- Bodycote: Global leader in thermal processing and surface treatments, including a wide range of coatings and metallurgical services for aerospace, defense, energy, and automotive customers. Broader and more diversified than Faraday but operates in the same coatings-for-extreme-environments category.
- Carpenter Technology Corporation: Specialty alloy producer supplying corrosion- and heat-resistant materials to nuclear, aerospace, and industrial customers. Competes with Faraday in addressing high-temperature nuclear component durability, albeit via bulk material rather than coating processes.
- Materion Corporation: Specialty materials supplier serving nuclear, aerospace, and energy markets with high-performance alloys and engineered coatings. Adjacent peer given shared nuclear customer base and surface engineering orientation.
- Framatome: Major nuclear reactor services and fuel supplier with significant materials engineering and component refurbishment capabilities. Overlaps with Faraday in the durability and corrosion-resistance domain across commercial and advanced reactor programs.
- Curtiss-Wright Corporation: Major supplier of engineered components and specialty coatings for naval, nuclear, and industrial applications. Competes with Faraday in the nuclear component durability space at significantly greater scale and with broader product portfolios.
- Westinghouse Electric Company: Global nuclear reactor OEM and component supplier with vertically integrated materials and coatings expertise. Far larger customer of nuclear-grade surface engineering than Faraday but addresses overlapping technical challenges in reactor component longevity.
- Praxair Surface Technologies (Linde): Division of Linde providing thermal spray and other surface coating services to aerospace, industrial gas turbine, and energy customers. A broader incumbent in the protective coatings market where Faraday competes with its electrodeposition offerings.
- ATI Inc. (Allegheny Technologies): Producer of specialty materials and components, including corrosion-resistant alloys and coatings, with a meaningful nuclear energy customer base. Overlaps with Faraday in nuclear-grade materials engineering but at vastly larger scale.
Emerging players
- Ceramatec: Advanced materials R&D company with electrochemical and ceramic technology platforms relevant to nuclear and energy applications. Comparable in scale and federally-funded R&D orientation to Faraday, with overlapping electrochemical engineering roots.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Faraday Technology social profiles
Digital presenceFaraday Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Faraday Technology leadership team
Management profileNumber of profiles
Profiles1 record
Faraday Technology funding detail
Funding detailFunding overview
Funding rounds7 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Faraday Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Faraday Technology
What does Faraday Technology do?
Faraday Technology develops and applies proprietary electrochemical/electrodeposition technology to produce surface coatings and corrosion-resistant overlays for extreme-environment components. Its primary offerings are scalable electrodeposited overlays for nuclear reactor components and specialized corrosion-resistant coatings for roller bearings and gears used in liquid sodium cooled fast reactors, sold to government and commercial clients in the nuclear energy sector.
Is Faraday Technology a public or private company?
Faraday Technology is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Faraday Technology founded?
Faraday Technology was founded in 1991. It employs 11 to 50 people.
Where is Faraday Technology based?
Faraday Technology is headquartered in Englewood, United States, in the North America region.
How does Faraday Technology make money?
Two revenue lines are on record. SBIR Phase II Award (DOE) is the primary driver. The others are SBIR Phase I Award (DOE).
Who are Faraday Technology's main competitors?
Hardide Coatings is listed as a direct peer. Broad incumbents are Bodycote, Carpenter Technology Corporation, Materion Corporation, Framatome, Curtiss-Wright Corporation, Westinghouse Electric Company, Praxair Surface Technologies (Linde) and ATI Inc. (Allegheny Technologies). Ceramatec is listed as an emerging player.
Does Faraday Technology have an API?
No public API is recorded for Faraday Technology.
What industry is Faraday Technology in?
Faraday Technology's product category is Electrodeposition Coatings for Nuclear Components. Its primary akta.pro industry code is IMAEAKAK, Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives), with a secondary code of IMAHADAF, EDM & Electrochemical Machining (Wire/Sinker EDM, ECM). Its NAICS code is 332813 and its SIC code is 2890.