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Engine Design Timeline


 2004 Founded by NAE Member Dr. James U. Lemke with investment from John Walton, son of Sam Walton, founder of Wal-Mart. Named after Achates, Aeneas's faithful friend in Virgil's Latin epic poem "Aeneid" (1st century BC).

 2005 Engine testing began in company's in-house test cell

 2007 Series A Venture Capital round led by Sequoia Capital with investments from Madrone Capital Partners, Rockport Capital Partners, and InterWest Partners
Received DARPA contract to design light-weight, compact UAV engine

 2008 David Johnson, President & CEO, hired
500 hours of testing completed on engine in company test cell

 2009 Second company test cell commissioned
Real-time oil control measuring system installed
Winner, Global Cleantech and Going Green Top 100 Lists
Finalist in DOE ARPA-E competition
Business Week names Achates Power, Inc. one of "25 companies to watch in Energy Tech"
Series B Venture Capital round with introduction of new investor, Triangle Peak Partners

 2010 Proprietary combustion system yields superior efficiency and emissions results compared to today's state-of-the-art Diesel engines
Engine passes NATO 50 hour cyclic durability test
Over 1,000 hours of testing completed in company's test facility
Additional test stand added to company's test facility
Winner, GoingGreen Top 100 List
 2011 Surpassed more than 2,500 hours of testing in company's test facility
Demonstrated more than a 20 percent fuel efficiency improvement compared to today's best diesel engines and an approximately 55 percent improvement compared to today's standard gasoline engine
Proven the engine is clean, with engine-out emissions that are compatible with current and future standards
Shown an overall reduction in engine cost, weight and complexity
Winner, GoingGreen Top 200 List
 2012 First firing of the company's A48 opposed-piston, double crank, spur gear train engine
Company surpasses 3,600 hours of total test time
Named Red Herring 100 Americas finalist
Company founder, Dr. James Lemke, receives 100th patent
Achates Power and AVL selected to develop Next-Generation Combat Engine
 2013 Frost & Sullivan selects Achates Power for 2013 North American New Product Innovation Award in the medium- and heavy-duty commercial vehicle engine market
Exceeded more than 4,500 hours of total test time
Company named first runner-up in Securing America’s Future Energy (SAFE) “Energy Security Prize”
Fairbanks Morse Engine signs joint development and licensing agreement with Achates Power to reduce emissions and fuel consumption of Fairbanks Morse proprietary diesel and dual-fuel opposed-piston engines
Achates Power receives CONNECT Most Innovative New Product award in the sustainability category
 2014 Achates Power engine surpasses 5,000 hours of dynamometer testing.
Company releases results of light-duty diesel engine study versus a next-generation diesel engine benchmark; demonstrates 30 percent fuel economy improvement and potential to meet Tier 3/LEV III emissions standards