Fermi Energy, Inc
Fermi Energy, Inc. is a U.S.-based early-stage materials startup that develops and manufactures low-cost, low-energy cathode active materials (CAM) using proprietary low-temperature calcination and abundant Mn/Fe feedstocks for lithium-ion and sodium-ion battery manufacturers serving EVs, grid storage, and consumer electronics.
- Company typePrivate
- Founded2022
- HeadquartersBlacksburg, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Fermi Energy, Inc does
Fermi Energy, Inc. is a U.S.-based materials science startup headquartered in Binghamton, NY, with an R&D facility in Blacksburg, VA. Founded in 2022 and operating with 1-10 employees, the company develops and manufactures cathode active materials (CAM) for lithium-ion and sodium-ion batteries, targeting U.S. battery manufacturers serving electric vehicles, grid energy storage, and consumer electronics. Its stated thesis is that domestic U.S. CAM production is currently limited, expensive, and energy-intensive, with the U.S. dependent on imported cathode materials.
The company offers two product generations. Gen-1 CAM uses a proprietary low-temperature calcination process that reduces production energy consumption by 70% compared to conventional methods, and is positioned as a validated drop-in solution for existing NMC and NCA battery chemistries with high energy density and long cycle life. Gen-2 CAM is built on abundant manganese and iron feedstocks rather than cobalt and nickel, achieving a 50% reduction in CAM cost and enabling ultra-fast charging and wide-temperature-range performance. Both product lines emphasize a secure domestic feedstock supply chain.
Fermi Energy's business model is B2B direct sales of cathode active materials to battery manufacturers under negotiated, non-publicly-disclosed contracts. As an early-stage deep-tech startup, the company has historically been funded through non-dilutive sources: government grants from ARPA-E, DOE (AMMTO, EERE, SBIR/STTR), NSF, and VIPC, plus state-level support from New Energy New York ($498K in November 2025), alongside participation in accelerators including RAMP, ChargeUp, Venture For ClimateTech, Activate, and Third Derivative. No private venture capital, strategic corporate investment, or commercial revenue is disclosed in the source data. The company is co-founded and led by Zhengrui "Ray" Xu (CEO) and Feng Lin (CTO), with technical and strategic advisors including Dr. Marca Doeff, Richard Delmerico, and Scott Tudman.
Fermi Energy, Inc firmographics
Firmographics- Name
- Fermi Energy, Inc
- Legal name
- Fermi Energy, Inc.
- Website
- https://fermienergy.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fermi Energy, Inc. is a U.S.-based early-stage materials startup that develops and manufactures low-cost, low-energy cathode active materials (CAM) using proprietary low-temperature calcination and abundant Mn/Fe feedstocks for lithium-ion and sodium-ion battery manufacturers serving EVs, grid storage, and consumer electronics.
- Ownership category
- akta.pro rank
Fermi Energy, Inc industry classification
Industry- Product category
- Battery Materials Manufacturing
- NAICS
- Battery Manufacturing (33591)
- akta.pro industry
- Cathode Active Materials (CAM) ManufacturingEnergy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Materials, Cells & Packs ManufacturingBattery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate)Industrials, Manufacturing & Construction/Metals & Mining/Battery & Critical Minerals Mining (Lithium, Nickel, Cobalt, Graphite, Manganese, Rare Earths)
Keywords
Where Fermi Energy, Inc is headquartered
LocationHeadquarters
- HQ city
- Blacksburg
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Fermi Energy, Inc business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Supply Chain
Distribution channels1 record
Marketing channels1 record
Fermi Energy, Inc product offering
Product offeringCore offering
Fermi Energy develops and manufactures high-performance cathode active materials (CAM) for lithium-ion and next-generation batteries. It sells two product generations, Gen-1 CAM (proprietary low-temperature calcination, 70% energy reduction, drop-in NMC/NCA compatible) and Gen-2 CAM (abundant Mn/Fe feedstock, 50% cost reduction, ultra-fast charging), targeting domestic U.S. battery manufacturers for EV, grid storage, and consumer electronics applications.
Product overview
Fermi Energy develops high-performance cathode active materials (CAM) for next-generation batteries. The company offers two product generations: Gen-1 CAM and Gen-2 CAM. Gen-1 CAM targets NMC and NCA battery chemistries with a focus on energy efficiency (70% reduction) and domestic supply chain security. Gen-2 CAM represents an advanced iteration emphasizing cost reduction (50% lower) using abundant materials (manganese and iron) with ultra-fast charging capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Gen-1 CAM: High-performance cathode active material using proprietary low-temp calcination that cuts energy use by 70%, validated drop-in solutions for NMC & NCA chemistries, delivers high energy density and long cycle life, supports a secure domestic feedstock supply chain.
- Gen-2 CAM
Products and services
- Gen-1 CAM
Quantifiable outcome
- 70% reduction in energy consumption for CAM production via proprietary low-temperature calcination
- +2 more outcomes
Companies that use Fermi Energy, Inc
Customer profileSegments1 record
Ideal customer profiles1 record
Fermi Energy, Inc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Fermi Energy, Inc partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
Fermi Energy, Inc competitors and assessment
Company assessmentDirect peers
- Alsym Energy: Alsym Energy develops non-lithium, low-cost cathode materials for stationary storage and mobility applications, competing for the same 'drop-in, cost-effective cathode alternative' positioning as Fermi Energy.
- Nano One Materials: Nano One is a Canadian cathode materials company developing low-cost, low-energy processes for NMC, LFP, and Mn-rich cathodes — directly overlapping with Fermi Energy's CAM technology and customer base.
- Energy Materials Corporation: Energy Materials Corporation develops advanced cathode and battery materials with a focus on domestic U.S. production and abundant-feedstock chemistries — closely aligned with Fermi Energy's positioning.
- Mitra Chem: Mitra Chem develops Mn-rich, iron-substituted lithium-ion cathode materials targeting cost reduction and U.S. domestic production — directly comparable to Fermi Energy's Gen-2 CAM strategy and use case.
- Solidion Technology: Solidion Technology focuses on next-generation battery materials including advanced cathodes and silicon anodes, serving similar battery manufacturer customers as Fermi Energy.
Broad incumbents
- NOVONIX: NOVONIX is a publicly traded battery materials company developing synthetic graphite anodes and broader battery materials, representing an adjacent, well-capitalized player in the U.S. domestic battery materials space.
- Umicore: Umicore is a major global supplier of cathode active materials for EV and energy storage batteries, representing an established incumbent alternative for the same customer base Fermi Energy targets.
- POSCO Future M: POSCO Future M is one of the world's largest CAM producers with integrated nickel and cathode operations, serving global battery OEMs and competing directly with emerging U.S. CAM players like Fermi Energy.
- BASF: BASF is a global incumbent chemical company with a large CAM business serving lithium-ion battery manufacturers — a much larger, established supplier competing for the same customer wallet as Fermi Energy.
Emerging players
- Sila Nanotechnologies: Sila Nanotechnologies develops advanced battery materials (silicon anodes) targeting U.S. domestic supply chain security for premium battery customers — overlapping thematically with Fermi Energy's domestic-supply narrative.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fermi Energy, Inc social profiles
Digital presenceFermi Energy, Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fermi Energy, Inc leadership team
Management profileNumber of profiles
Profiles5 records
Fermi Energy, Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fermi Energy, Inc 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 Fermi Energy, Inc
What does Fermi Energy, Inc do?
Fermi Energy develops and manufactures high-performance cathode active materials (CAM) for lithium-ion and next-generation batteries. It sells two product generations, Gen-1 CAM (proprietary low-temperature calcination, 70% energy reduction, drop-in NMC/NCA compatible) and Gen-2 CAM (abundant Mn/Fe feedstock, 50% cost reduction, ultra-fast charging), targeting domestic U.S. battery manufacturers for EV, grid storage, and consumer electronics applications.
Is Fermi Energy, Inc a public or private company?
Fermi Energy, Inc is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fermi Energy, Inc founded?
Fermi Energy, Inc was founded in 2022. It employs 1 to 10 people.
Where is Fermi Energy, Inc based?
Fermi Energy, Inc is headquartered in Blacksburg, United States, in the North America region.
Who are Fermi Energy, Inc's main competitors?
Direct peers on record are Alsym Energy, Nano One Materials, Energy Materials Corporation, Mitra Chem and Solidion Technology. Broad incumbents are NOVONIX, Umicore, POSCO Future M and BASF. Sila Nanotechnologies is listed as an emerging player.
Does Fermi Energy, Inc have an API?
No public API is recorded for Fermi Energy, Inc.
What industry is Fermi Energy, Inc in?
Fermi Energy, Inc's product category is Battery Materials Manufacturing. Its primary akta.pro industry code is EUAFABAB, Cathode Active Materials (CAM) Manufacturing, with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 33591.