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NM Advanced Energy Award — R&D Class

NM Advanced Energy Award — R&D Class

Funds New Mexico small businesses conducting foundational R&D and proof-of-concept work in advanced energy technologies.

The New Mexico Advanced Energy Award (NMAEA) R&D Class is a competitive, state-funded non-dilutive grant administered by the Technology and Innovation Office (TIO) of the New Mexico Economic Development Department. It targets early-stage small businesses developing novel advanced energy technologies. The program's R&D Class specifically supports foundational research, proof-of-concept projects, an

Advanced energy innovation and commercialization, including technologies that make energy use cleaner, safer, more secure, and more reliable. Focus areas span clean energy generation, storage, grid technology, carbon capture, and energy efficiency.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 24 Jul 2026Source: www.edd.newmexico.gov