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ARPA-E Awards Booz Allen $550M Contract to Support Energy Technology Innovation

Expands ability to advance game-changing tech to meet U.S. energy goals, reduce climate impact

"We are proud to be ARPA-E's partner in powering the critical mission to enhance the U.S. competitive position in science and technology, improve environmental wellbeing, and solve the most pressing climate challenges using novel technology," said Mike Miller, leader of the company's ARPA-E work and its broader civilian energy business. "Booz Allen empowers its people to change the world, and our team is doing just that-upsetting the status quo in energy technology, operating like a startup, and advancing an ecosystem where not-yet-invented technology can rise and be deployed for good."

Under the contract, Booz Allen's multidisciplinary team, which includes over 50 Ph.D.s, will support the entire lifecycle of early-stage technology for ARPA-E with an emphasis on supporting ARPA-E awardees' efforts to derisk their emerging technologies. Leveraging deep mission knowledge, Booz Allen will identify climate and energy challenges that would benefit from emerging technology, then work to build and support an ecosystem to innovate-including developing competitions to fuel innovation, like "Shark Tank"-followed by technical reviews and funding to make true impact.

More than 160 Booz Allen employees support the company's ARPA-E work, bringing a whole-of-organization approach to the portfolio through its engineers, scientists, analysts, and project managers with capabilities including digital/IT transformation, project management, finance, and AI and machine learning (ML). Work on the contract will take place in Washington, DC, at ARPA-E's headquarters.

Booz Allen has been instrumental in recent ARPA-E successes including the first-ever hybrid-electric flight to Alaska, the first commercial direct Air Capture facility, the world's first dedicated manufacturing line for thermophotovoltaic (TPV) cells, and more. Since Booz Allen helped stand up ARPA-E and create its technology-to-market model:

• 230 projects have attracted more than $12.1 billion in private-sector, follow-on funding
• More than 150 new companies have been formed
• 7,318 peer-reviewed articles have been published
• 1,120 new U.S. patents and 405 licenses have been created

"With this work, we're not looking for merely incremental improvements to our energy innovation ecosystem-we're seeking game-changing, disruptive solutions that radically improve U.S. economic prosperity, national security, and environmental wellbeing," said Ben Getto, principal at Booz Allen and program manager of the ARPA-E work. "Booz Allen is proud to be ARPA-E's mission partner in empowering America's energy researchers and technologists with funding, technical assistance, and market-readiness efforts to quickly catalyze cutting-edge areas of energy research for the betterment of our world."

This win builds on Booz Allen's growing portfolio of energy and climate-related efforts including the re-building of a climate-resilient Tyndall Air Force Base in Panama, Florida, using digital twin technology; leveraging AI and ML to derive climate intelligence to track and make sense of data to make timely, scientifically grounded decisions in climate change-impacted areas of policy, mission, and business; and long-standing support for energy, resources, and utilities clients.

Read more about Booz Allen's support of ARPA-E.

About Booz Allen Hamilton

Trusted to transform missions with the power of tomorrow's technologies, Booz Allen Hamilton advances the nation's most critical civil, defense, and national security priorities. We lead, invest, and invent where it's needed most-at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We're first to the future-moving missions forward to realize our purpose: Empower People to Change the World^®.

With global headquarters in McLean, Virginia, our company employs approximately 33,800 people globally as of December 31, 2023 and had revenue of $9.3 billion for the 12 months ended March 31, 2023. To learn more, visit www.boozallen.com. (NYSE: BAH)

Forward Looking Statements

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BAHPR-CW - Contract win

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