DOE Energy Grants — October 08, 2026

The cost-plus-incentive-fee delivery order at Lawrence Livermore National Laboratory carries a $149 million total potential value through 2031, implying roughly $24.8 million in annual revenue if all options are exercised. Full realization depends on DOE option exercise and continued appropriations.

The cost-plus-fixed-fee award with $18,066,549 obligated at award and $7,872,569 already outlaid implies roughly $17.9 million per year at the maximum ceiling. Revenue realization depends on option exercise, and the company is privately held, limiting direct public-market impact.

Neither HGL-APTIM TECHNOLOGIES JV LLC nor CATAWBA TEAPEC LLC is publicly traded, so the $48,922,459 combined obligation does not translate directly into listed-company revenue. Investors seeking exposure must look to parent companies or teaming partners, which are not identified in these analyses.

HGL-APTIM's cost-plus-incentive-fee and CATAWBA TEAPEC's cost-plus-fixed-fee structures reimburse allowable costs, with CATAWBA's fee typically in the 6-10% range, reducing performance-risk exposure relative to fixed-price work. Both analyses rate contract pricing risk as low.

Option exercise and annual appropriations for DOE Environmental Management determine whether the $149 million HGL-APTIM ceiling and $94.99 million CATAWBA ceiling are realized; obligations at award represent only a fraction of potential value.

Both awards were set aside for small businesses under full-and-open competition after exclusion of sources, which limits competitive pressure but also caps scalability and may invite protests from other small businesses.

Both contracts are DOE Environmental Management awards, so sector exposure is concentrated in a single civilian agency and a single mission area, leaving the group vulnerable to shifts in DOE EM priorities.

Follow-on task orders at Lawrence Livermore National Laboratory and other DOE sites for HGL-APTIM TECHNOLOGIES JV LLC could expand the relationship beyond the initial $30.9 million order.

Small business and tribal set-aside awards to CATAWBA TEAPEC LLC, which holds minority and tribal designations, signal ongoing DOE policy support for these recipients across future EM work.

Both awards are multi-year DOE EM remediation contracts, with HGL-APTIM's ceiling running to 2031 and CATAWBA TEAPEC's to 2030, reflecting a long-duration cleanup mission. The combined $48,922,459 in obligations sits within a labor-intensive, compliance-driven segment.

Both awards were total small business set-asides under full-and-open competition, and CATAWBA TEAPEC holds tribal and minority designations, indicating policy-driven award structures rather than pure competitive wins.

{"entity" => "HGL-APTIM TECHNOLOGIES JV LLC", "reason" => "$30,855,909 obligated against a $149 million potential value through 2031; parent company structure is not disclosed in the analysis.", "trigger" => "Option exercise decisions on the LLNL delivery order and any parent-company public filings"}

{"entity" => "CATAWBA TEAPEC LLC", "reason" => "$18,066,549 obligated and $7,872,569 outlaid against a $94,993,222 maximum through 2030; the company is private with no identified public parent.", "trigger" => "DOE EM FY2026-2030 appropriations and any strategic partnership announcements"}

{"entity" => "Environmental remediation services sector (NAICS 562910)", "reason" => "Both contracts sit in the same NAICS code, so follow-on awards would indicate competitive dynamics and incumbent advantage.", "trigger" => "Follow-on NAICS 562910 awards at DOE sites and any DOE EM budget revisions"}