Wyoming Energy Authority

What Wyoming Energy Authority does

Wyoming Energy Authority (WEA) is a Wyoming state government agency formed in 2021 by consolidating the Wyoming Infrastructure Authority, Wyoming Pipeline Authority, and State Energy Office into a single entity charged with advancing the state's full energy portfolio. Headquartered in Cheyenne with 1–10 employees, WEA serves energy developers, companies, local governments, K–12 school districts, small businesses, and state residents by administering state and federal financing programs — notably the Energy Matching Funds (~$155M+ appropriated since 2022 plus $50M in 2023), the Wyoming Energy Dominance Fund (up to $105M from severance tax revenues), the Wyoming Rare Earths Fund (up to $16M), and Industrial Revenue Bond authority up to $3 billion for qualifying energy infrastructure.

WEA does not develop proprietary product technology. Instead, it coordinates and funds energy technology development across Wyoming's portfolio — carbon capture and storage (including Class VI primacy for CO2 sequestration, the second state granted this by EPA), in-situ uranium recovery, hydrogen production (blue, green, and pink), geothermal heat pumps and Organic Rankine Cycle systems, compressed-air and pumped hydropower storage, the world's only coal-to-nuclear transition project (TerraPower's Natrium reactor at Kemmerer, with BWX Technologies' BANR microreactor in parallel), advanced rare earth and critical mineral processing (Ramaco's Brook Mine, Bear Lodge), helium extraction, and trona/bentonite production. The agency supports the largest single wind project under construction in North America (Chokecherry/Sierra Madre, 3,500+ MW planned by 2029) and a growing utility-scale solar footprint.

WEA's revenue mechanics are governmental rather than commercial: it does not sell products or services. Funding flows from Wyoming Legislative appropriations, severance tax revenue from fossil fuel producers, federal DOE State Energy Program allocations, and IIJA grid resilience grants. Disbursement occurs through grant/loan matching programs (typically requiring 50%+ private or federal match) and competitive application cycles three times annually. Grant recipients to date include BWX Technologies ($100M for a TRISO fuel facility), Ramaco Resources ($6.1M for the Wyoming CORE REE project), Peabody Energy ($6.25M for rare earths), PacifiCorp ($6.3M for Jim Bridger CCS FEED), Black Hills Energy ($16M for BrightLoop CCS), Williams, ExxonMobil (via Shute Creek), TerraPower, and roughly 20+ additional named energy companies.

Name

Wyoming Energy Authority

Legal name

Wyoming Energy Authority

Website

https://wyoenergy.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Wyoming

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Legislative Appropriations and State Funding Programs: WEA administers state-funded programs financed by Wyoming Legislative appropriations. Since 2022, the legislature has appropriated $155 million for Energy Matching Funds, with an additional $50 million in 2023. The Wyoming Energy Dominance Fund is funded by severance tax revenue from fossil fuel companies, expected to collect up to $105 million over two years. The Wyoming Rare Earths Fund provides up to $16 million in matching grants. These are grant and loan programs, not commercial revenue.
2. Industrial Revenue Bond Issuance: WEA has the ability to issue up to $3 billion in industrial revenue bonds for energy facilities and related supporting infrastructure, including transmission lines, pipelines, and export facilities. Bonds are sold on the private market to investors and proceeds finance projects. WEA bears no cost or risk to the state.
3. State Energy Program (SEP) Federal Grants: The Wyoming State Energy Office receives annual federal allocation through the DOE's State Energy Program to fund energy efficiency programs for K-12 schools (lighting retrofits), local governments (energy efficiency retrofits), and small businesses (energy audits and retrofits).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

The Wyoming Energy Authority (WEA) is a state government agency that consolidates Wyoming's full energy portfolio into a single coordinating entity. It administers state-funded financing programs — including Energy Matching Funds (~$155 million), the Wyoming Energy Dominance Fund (up to $105 million), the Wyoming Rare Earths Fund (up to $16 million), and industrial revenue bond authority (up to $3 billion) — alongside State Energy Office grants for schools, local governments, and small businesses. WEA coordinates with energy developers, companies, research institutions, and state agencies to advance projects in coal, oil and gas, uranium, wind, solar, helium, rare earths, hydrogen, carbon capture, and nuclear.

Product overview

Wyoming Energy Authority is a state government agency that consolidates Wyoming's energy program into one entity advancing the state's energy strategy. The organization offers multiple financing programs including the Wyoming Energy Dominance Fund ($105 million for traditional energy projects), Wyoming Rare Earths Fund ($16 million for critical mineral processing), and Energy Matching Funds ($155 million for innovative energy projects). Through the State Energy Office, it administers grants for K-12 schools, local governments, small businesses, and residential programs. The agency coordinates the full energy portfolio spanning traditional resources (coal, oil, gas, uranium, wind, solar, helium, trona, bentonite) and emerging technologies (carbon capture, hydrogen, nuclear, geothermal, critical minerals), while hosting the annual Next Frontier Energy Summit and maintaining an interactive Energy Map tool.

Differentiator

Problem solved

Functional benefit

Products and services

• Wyoming Energy Dominance Fund A state fund of up to $105 million providing loans and grants with dollar-for-dollar matching requirements to energy developers and companies for traditional energy and critical mineral projects in Wyoming.
• Wyoming Rare Earths Fund A fund providing up to $16 million in matching grants for commercial deployment projects focused on processing and separation of rare earth resources in Wyoming, requiring a minimum one-to-one nonstate funding match.
• Energy Matching Funds A $155+ million matching funds program for research, demonstration, pilot, and commercial deployment projects related to Wyoming energy needs including carbon capture, hydrogen, critical minerals, and battery storage. Requires at least 50% matching funds from private or federal sources.
• State Energy Office Programs Federally-funded office administering K-12 school district retrofit grants (up to $50K), local government retrofit grants (up to $50K with 10% match), small business energy audit and retrofit grants (up to $25K with 10% match), grid resilience grants, and the Home Energy Savings Program.
• Next Frontier Energy Summit Annual networking and collaboration event for energy innovators, researchers, developers, and industry stakeholders held at the University of Wyoming, fostering discussions and strengthening Wyoming's energy industry.
• Wyoming Energy Map Interactive mapping tool displaying Wyoming's energy resources including coal, oil, gas, uranium, wind, solar, exports, and technology facilities across different regions of the state.
• Industrial Revenue Bond Issuance WEA has the authority to issue up to $3 billion in industrial revenue bonds for energy facilities and related supporting infrastructure, including transmission lines, pipelines, and export facilities. Bonds are sold on the private market to investors; WEA bears no cost or risk to the state.

Quantifiable outcome

• 237 million short tons of coal produced in 2023, providing 4,621 jobs and $604M to state and local governments
• +8 more outcomes

Named customers26 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature17 records

Partnerships

25 partnerships are on record, tiered core, major and minor.

• Taiwan's National Central UniversitycoreStrategic or Co-development Partner · 12 May 2026Wyoming signed agreements with Taiwan covering modular nuclear reactors, critical minerals, and energy technologies. The University of Wyoming School of Energy Resources is partnering with Taiwan's National Central University as part of these agreements, positioning Wyoming as a strategic uranium supplier amid Taiwan's surging power demand driven by AI and semiconductor manufacturing.
• Taiwan's National Atomic Research InstitutecoreStrategic or Co-development Partner · 12 May 2026As part of the Taiwan agreements, UW School of Energy Resources is partnering with Taiwan's National Atomic Research Institute to collaborate on nuclear energy research, modular reactor technology, and advanced energy technologies.
• Taiwan's Industrial Technology Research InstitutecoreStrategic or Co-development Partner · 12 May 2026As part of the Taiwan agreements, UW School of Energy Resources is partnering with Taiwan's Industrial Technology Research Institute to collaborate on energy technologies, carbon capture, and advanced robotics capabilities. Taiwan has $250 billion earmarked for American chip manufacturing and seeks to learn from Wyoming's carbon capture technology.
• Ramaco Resources, Inc.coreStrategic or Co-development Partner · 23 October 2025Ramaco Resources is developing the Wyoming CORE (Carbon Ore Rare Earth) Mine Project at the Brook Mine near Sheridan, with $6.1 million in EMF funding from WEA. Ramaco also broke ground on a pilot processing plant and laboratory for rare earth and critical mineral development, supported by government grants. The Brook Mine REE deposit is potentially the largest in the U.S., estimated worth $37 billion.
• University of Wyoming School of Energy ResourcescoreStrategic or Co-development Partner · 1 May 2025UW SER is a primary research partner for WEA, receiving multiple EMF awards for projects including Wyoming Integrated Test Center Enhancement ($5.5M), produced water desalination and hydrogen production ($2.75M), Sweetwater Carbon Storage Hub ($9.1M), Great Plains CORE-CM project ($1M), Mowry Shale development ($480K), and assessment of carbon ore and critical minerals ($500K).
• Membrane Technology and Research, Inc. (MTR)majorStrategic or Co-development Partner · 1 January 2025MTR received $8M in EMF funding for DOE Carbon Capture and Storage Activities at Basin Electric's Dry Fork Station. The project aims to advance carbon capture technology deployment at one of Wyoming's major coal-fired power plants.
• Airloom EnergymajorStrategic or Co-development Partner · 1 November 2024Airloom Energy received $5M in EMF funding for modular, scalable utility-scale wind energy development in Wyoming, representing a next-generation approach to wind power generation that could lower costs significantly.
• Blue Spruce OperatingmajorStrategic or Co-development Partner · 1 June 2024Blue Spruce Operating received $6M in EMF funding for the Dry Piney Helium & Carbon Sequestration Project, exploring combined helium extraction and CO2 sequestration in Wyoming's geology.
• ATR Partners I LLC with Principle PetroleummajorStrategic or Co-development Partner · 1 April 2024ATR Partners and Principle Petroleum received $9.85M in EMF funding for the Alpha Enriched Air Enhanced Oil Recovery, Carbon Sequestration and Hydrogen Production Pilot Project in Wyoming, combining EOR with carbon capture and hydrogen production.
• HF SinclairmajorStrategic or Co-development Partner · 1 March 2024HF Sinclair received $4.7M in EMF funding for Fuel Production Enhancement and Technology Upgrade Project, supporting refinery modernization and technology upgrades at their Wyoming operations.
• Black Hills Energy with Wyodak Resources Development Corp.majorStrategic or Co-development Partner · 1 January 2024Black Hills Energy and Wyodak Resources are partners on the BrightLoop CCS Demonstration Plant (converting Wyoming PRB coal to hydrogen, $16M award) and on the Innovative Dispatchable Power project ($4.95M award) with Carbon GeoCapture and Black & Veatch, demonstrating how Wyoming coal and gas plants can store CO2 in unminable coal seams.
• Williams Companies, Inc.majorStrategic or Co-development Partner · 1 January 2024Williams Companies received EMF funding for the Williams Echo Springs CarbonSAFE Storage Complex Feasibility Study ($975K). WEA also collaborated with Williams on the Southwest Wyoming Hydrogen Hub feasibility study, exploring hydrogen production and transportation using Wyoming's existing pipeline infrastructure.
• 8 RiversmajorStrategic or Co-development Partner · 1 January 20248 Rivers received $1.5M in EMF funding for the Allam-Fetvedt Cycle with Inherent Carbon Capture project, a novel power cycle technology that inherently captures all CO2 emissions during power generation.
• Black Hills EnergymajorStrategic or Co-development Partner · 1 September 2023Black Hills Energy is developing the Hydrogen Cofire Feasibility Study and partnered with BrightLoop for coal-to-hydrogen CCS demonstration ($16M award). Also partnered on the Innovative Dispatchable Power project ($4.95M award). Black Hills Energy's Ready Wyoming project is a 260-mile transmission line expansion in southeastern Wyoming.
• BWX Technologies, Inc. (BWXT)coreStrategic or Co-development Partner · 1 August 2023BWXT is developing the BANR microreactor technology in Wyoming in partnership with the State of Wyoming, including TRISO fuel evaluations at Idaho National Laboratory. WEA awarded $100 million Large Project EMF to BWXT for a TRISO Fuel Fabrication Facility in Wyoming. BWXT is also conducting assessments of microreactor deployment applications and nuclear microreactor technologies in Wyoming.
• Frontier Carbon Solutions with UW SERmajorStrategic or Co-development Partner · 1 August 2023Frontier Carbon Solutions partnered with UW School of Energy Resources on the Sweetwater Carbon Storage Hub, awarded $9.1M in EMF funding, to develop a comprehensive carbon sequestration complex in southwest Wyoming.
• ExxonMobil (Shute Creek Gas Plant)coreStrategic or Co-development PartnerExxonMobil operates the Shute Creek Gas Plant in La Barge, Wyoming, which is the largest helium supply in the United States, producing 1.4 billion cubic feet per year of liquefied helium — 20% of the world's total helium production. WEA's portfolio includes supporting and promoting this major helium extraction operation.
• TerraPowercoreStrategic or Co-development PartnerTerraPower is constructing the world's first advanced Natrium nuclear power plant in Kemmerer, Wyoming — the only coal-to-nuclear transition project under development globally. WEA's portfolio includes nuclear technology development and support for this landmark project. Construction began in 2024 with target operational date of 2030.
• National Renewable Energy Laboratory (NREL)minorStrategic or Co-development PartnerNREL is referenced as a trusted resource and research partner for wind energy data, solar resource mapping, and renewable energy research. WEA links to NREL resources on its portfolio pages for wind and solar energy information.
• PacifiCorpmajorStrategic or Co-development PartnerPacifiCorp received $6.3M EMF funding for the Jim Bridger Carbon Capture Front-End Engineering Design Study. PacifiCorp's Energy Gateway Transmission Expansion Program plans to build 2,300 miles of transmission lines for $8 billion across six states, including Wyoming-specific lines.
• TerraVera (formerly Petrolern)minorStrategic or Co-development PartnerTerraVera (formerly Petrolern) conducted a 2022 geothermal feasibility study commissioned by WEA analyzing Geothermal Resources and Applicable Technology for Wyoming, including assessment of geothermal heat pumps and the Organic Rankine Cycle technology for small-scale energy production.
• Continental ResourcesmajorStrategic or Co-development PartnerContinental Resources is partnering with UW School of Energy Resources on the Advanced Characterization and Development of the Mowry Total Petroleum System project ($480K awarded), using new field data, laboratory testing, and digital modeling to unlock the potential of Mowry Shale in the Powder River Basin.
• American Rare EarthsminorStrategic or Co-development PartnerAmerican Rare Earths is conducting exploration at the Halleck Creek Project in Albany County, Wyoming, one of North America's largest REE deposits. The project has filed an application with the Wyoming Department of Environmental Quality for test mining, with findings showing higher mineral concentrations than previously thought.
• The Nature Conservancy in WyomingminorStrategic or Co-development PartnerThe Nature Conservancy in Wyoming developed the Brightfields Energy Siting Initiative — a mapping tool to drive solar energy development onto previously disturbed lands (former mines, brownfields, landfills). WEA promotes this tool on its solar portfolio page to identify opportunities for energy developers.
• Idaho National LaboratoryminorStrategic or Co-development PartnerIdaho National Laboratory is conducting TRISO fuel evaluations in partnership with BWX Technologies and the State of Wyoming, supporting the development of microreactor technology and advanced nuclear fuel for deployment in Wyoming.

Scale indicators21 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• West Virginia Department of Economic Development (Energy Division): West Virginia administers energy-related economic development and transition programs for coal communities. Comparable to WEA in funding energy projects and managing the transition of fossil-fuel-based economies.
• New Mexico Energy, Minerals and Natural Resources Department: New Mexico's EMNRD oversees energy, minerals, and natural resource programs with strong emphasis on oil & gas, renewables, and uranium. Comparable to WEA in administering a multi-resource energy portfolio for a fossil-and-uranium-rich Western state.
• Colorado Energy Office: Colorado's state energy office administers energy efficiency, renewable energy, and Just Transition programs. Comparable to WEA in providing state-administered grants, financing, and policy coordination, though with a stronger renewables/transitions orientation.
• North Dakota Industrial Commission (Lignite Research Program): North Dakota's Industrial Commission administers the Lignite Research Program and related energy funding streams. Closely comparable to WEA in administering state energy research and matching-fund programs in a fossil-rich state pursuing next-generation uses of legacy resources.
• Texas Energy Fund (administered by Public Utility Commission of Texas): Texas operates a $7.2B state energy fund (Texas Energy Fund) and similar authority structures for financing energy infrastructure. Comparable to WEA in administering state capital for energy projects but at materially larger scale and focused on Texas-specific generation and transmission.
• Montana Department of Environmental Quality (Energy Division): Montana's energy-related functions span DEQ and related agencies covering coal, oil & gas, renewables, and reclamation. Comparable to WEA in administering state-level energy programs in a fossil-rich neighboring state with similar resource base.
• Oklahoma Office of Energy (and the Oklahoma Energy Resources Board): Oklahoma operates multiple state entities administering energy programs, severance tax-funded initiatives, and oil & gas research. Comparable to WEA in structuring state-administered energy funding tied to fossil fuel production.
• Utah Office of Energy Development: Utah's state energy office coordinates energy strategy, offers incentives for energy projects, and develops policy. Comparable to WEA in serving as the centralized state energy authority for a Western fossil-and-renewables state, though smaller in scope.

Broad incumbents

• National Association of State Energy Officials (NASEO): NASEO is the national membership organization for state energy offices, providing coordination, federal liaison, and best practices. Comparable as the umbrella organization representing entities like WEA at the federal policy and funding level.
• U.S. Department of Energy — Office of State and Community Energy Programs: DOE's State and Community Energy Programs distributes federal funding (State Energy Program, Grid Resilience) to state energy offices including WEA. Comparable as the principal federal funding counterpart and policy counterpart to WEA's grant-making functions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/WYOENERGY
• Facebookfacebook.com/WYOEnergy
• LinkedInlinkedin.com/company/wyoenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wyoming Energy Authority