MassChallenge

MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, founded in 2009. It supports early-stage entrepreneurs from various industries, including technology, healthcare, and finance, by providing mentorship, resources, and networking opportunities. With locations in countries such as Israel, Mexico, Switzerland, and Texas, MassChallenge operates a non-equity model, allowing startups to retain full ownership while benefiting from expert guidance and connections. The accelerator conducts various programs tailored to specific sectors, such as MassChallenge HealthTech and MassChallenge FinTech, which facilitate partnerships between startups and established enterprises to drive innovation and market growth. Through its extensive global network, MassChallenge aims to strengthen the innovation ecosystem and empower high-potential startups to create meaningful impact.

Cait Brumme

Acting CEO

Siobhan Dullea

CEO

Kiki Mills Johnston

Managing Director, Boston

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in Energy

CloEE

Non Equity Assistance in 2024
CloEE is an AI digital advisor focused on enhancing sustainability and operational efficiency in discrete manufacturing. By utilizing generative AI, it provides real-time data analysis from manufacturing equipment, as well as manufacturing execution systems and enterprise resource planning systems. CloEE aims to improve Overall Equipment Effectiveness (OEE), significantly reduce energy consumption by 30%, and minimize emergency stops by 95%. The platform offers quick and cost-free project implementation, facilitating manufacturers in saving time and money while addressing critical challenges such as production downtime, delivery delays, and high defect rates. Having connected 25,000 machines across 25 countries, CloEE promotes a new model for efficiency and emission management, ultimately helping manufacturers reduce carbon emissions and drive annual revenue growth.

Tespack

Non Equity Assistance in 2024
Tespack Ltd. is a Finnish company that specializes in mobile energy solutions, providing a variety of products such as ultra-light batteries, solar panels, smartpacks, backpacks, and portable chargers. Founded in 2013 and based in Helsinki, Tespack focuses on creating smart mobile micro-grids for challenging markets, particularly for off-grid usage. The company employs advanced software, deep learning technology, and proprietary hardware to deliver reliable and sustainable energy infrastructure in remote locations. Tespack's mission includes addressing critical battery management challenges, such as enhancing battery recycling accuracy and monitoring battery performance. Its products are distributed across various European countries through distributors, retailers, and online sales, catering to remote workers, adventurers, and disaster relief efforts.

Kestrix

Grant in 2023
Kestrix is a climate technology startup that specializes in software solutions for building automation. The company offers a SaaS-based platform that employs interactive 3D models to assess energy performance in buildings. By utilizing thermal drones and computer vision, Kestrix creates quantitative 3D heat loss models at a city scale, which helps to democratize access to energy efficiency insights. This innovative approach allows retrofitters to identify buildings with significant heat loss, pinpoint the locations of inefficiencies, and estimate the costs for necessary improvements. Through its technology, Kestrix aims to facilitate energy retrofits of existing buildings and contribute to the decarbonization of the built environment.

CLIMATENZA

Grant in 2023
CLIMATENZA is a solar thermal company that applies innovative technology solutions for sustainability in energy. Its technology provides high-value energy to utilities and heat for Industrial applications. The company develops and applies technologies to generate electricity from the sun, operating to limit climate change and to develop local communities using concentrating solar thermal technologies. CLIMATENZA was founded on 2018 and is headquartered in Santiago, Chile.

AZUL Energy

Non Equity Assistance in 2023
AZUL Energy is focused on advancing energy solutions through the development of innovative air battery technologies and metal-free catalysts. The company enhances the performance of air batteries and creates products related to this technology, aiming to promote eco-friendly lifestyles. Their research has identified a catalyst electrode containing specific pigments that outperforms traditional materials like platinum carbon. Additionally, AZUL Energy's catalyst technology supports clean energy initiatives by providing cost-effective and resource-efficient solutions for the production of green hydrogen. Through its R&D, manufacturing, and sales efforts, the company contributes to the establishment of a recycling-oriented society and enhances the sustainability of energy systems.

Hydrobee

Non Equity Assistance in 2023
Hydrobee is launching radically new clean energy technology to help billions of people every day, and create a global sustainable business. Over a billion people still have no reliable electricity. Over three billion people cook with biomass stoves indoors and suffer from smoke and Indoor Air Pollution. They all have one thing in common: They cook with stoves every day. Hydrobee's "Firebee" TM thermo-electric generator can turn the heat from their stoves into USB charging power for phones, LED lights, internet, and the Jet-Flame blower that improves combustion, saves money and reduces smoke. Connected by Firebee power to mobile phone networks, new clean efficient stoves with chimneys that greatly reduce smoke can now be sold with financing over mobile networks. For the first time, financing is possible for improved stoves used by 100 million poor families. We can solve both indoor air pollution and energy poverty for them with one affordable small device. Hydrobee is a Social Purpose Corporation in Seattle within a network of social entrepreneurs, impact investors and organizations who give us valued support.

DioQuest

Non Equity Assistance in 2023
A transformative approach to creating high-value, high-performance products through a unique process that combines two waste streams, CO2 gas from various sources and produced water.

Greenly

Non Equity Assistance in 2021
Greenly is a carbon tracking technology company that enables businesses to monitor and manage their carbon footprints effectively. Its platform automates data collection by integrating with various accounting and billing software, allowing companies to calculate their emissions in real-time and generate compliant carbon reports. Unlike traditional consulting services, Greenly provides a comprehensive solution for carbon accounting and management, helping organizations set and pursue Net Zero goals. The company focuses on delivering tailored strategies for specific industries, offering tools for tracking emissions across various sectors such as freight, electricity, and inventory management. Additionally, Greenly assists procurement departments in implementing sustainable purchasing policies and engaging suppliers in their decarbonization efforts, thereby promoting overall supply chain sustainability.

Eaternity

Non Equity Assistance in 2021
Eaternity AG is a software management company based in Zurich, Switzerland, that specializes in the restaurant industry. Founded in 2014 by Judith Ellens and Manuel Klarmann at ETH Zurich, Eaternity provides a platform that offers a real-time calculation engine for addressing allergen and nutrition declarations, as well as assessing the carbon footprint of meals and restaurants. The company's solutions enable restaurant owners to gain valuable insights into their supply chain, facilitating informed decision-making. Eaternity also aims to support organizations globally in calculating the environmental impact of their food products, striving for a sustainable food system within the planet's ecological boundaries. Through its Eaternity Score, the company transparently communicates the environmental effects of various food products, serving both consumers and decision-makers.

Solarflux Energy Technologies

Non Equity Assistance in 2021
Solarflux provides a flexible, clean, inexpensive solar thermal power for a wide range of use cases

SmartHelio

Non Equity Assistance in 2021
SmartHelio develops innovative software and IoT sensors designed to enhance the performance and efficiency of solar energy systems. By utilizing advanced algorithms and deep learning, SmartHelio's solutions enable solar companies to quickly detect and identify faults, resulting in performance boosts of up to 3%. The software offers real-time insights and recommendations, facilitating swift issue resolution and optimizing operations and maintenance efforts by up to 30%. SmartHelio's AI-enabled sensors provide reliable data acquisition, empowering energy developers and managers to maintain high-performance asset management with minimal human intervention. The platform is user-friendly, requiring minimal training, and can seamlessly integrate into existing IT systems. With the ability to generate an additional 5% in energy output, SmartHelio positions solar companies to gain a competitive advantage in the rapidly evolving sustainable energy market.

Element 16 Technologies

Non Equity Assistance in 2021
Element 16 Technologies specializes in thermal energy storage systems that enhance energy efficiency for commercial and industrial facilities. The company employs a unique technology that utilizes a molten sulfur mixture to store high-temperature heat energy, replacing traditional molten salts and thermal oils. This innovative approach allows customers to minimize heat waste in cogeneration plants, leading to increased efficiency and a reduced carbon footprint. By optimizing heat energy storage, Element 16 Technologies aims to help businesses save on energy costs while contributing to environmental sustainability.

Heatneutral

Non Equity Assistance in 2021
Heatneutral is the future of zero emission and climate neutral heat energy.

ThermoTerra

Non Equity Assistance in 2021
ThermoTerra captures a new source of renewable energy, powered by natural fluctuations in humidity - Humidity Power - to heat and cool build.

FlyWorks

Non Equity Assistance in 2021
FlyWorks is developing a whole new way to drive multi-rotors for 2nd generation hybrid drones. The company's patent-pending drive technology will allow drones to carry significant payload and fly for hours, but remain light, cost-efficient and safe. Their technology combines the remarkable performance of petrol fuel with the safety and simplicity of the multirotor platform. It works by delivering most of the power that the drone requires to stay in the air directly from an internal combustion engine while a small electric drive system provides a small fraction of power only for maneuvering. FlyWorks technology can be implemented in any drone platform size to create a wide array of high-performance multirotor platforms for various use-cases from land surveying to air-taxis. They enabling high-resolution close-up multi-sensor inspection of the large-scale power line infrastructure.

Direct Kinetic Solutions

Non Equity Assistance in 2020
Direct Kinetic Solutions is focused on providing innovative power solutions for future generations through the development, manufacturing, and sale of Persistent Power Sources (PPS). The company's technology harnesses the energy from beta-emitting isotopes to create reliable and long-lasting power sources. These radioisotopic batteries are specifically designed for applications such as small satellites and asset tracking, offering a sustainable alternative to traditional lithium batteries. By delivering uninterrupted power over extended periods, Direct Kinetic Solutions enables clients to optimize both energy and space, ultimately enhancing the efficiency of various projects while reducing reliance on conventional power sources.

Power2Peer

Non Equity Assistance in 2020
A virtual marketplace expanding the frontiers of renewable energy. Power2Peer’s blockchain-secured app-based energy marketplace—P2PConnect—is about opening up entirely new market segments to the reach of renewable generation. For community members unable to pursue the long-term investment of a rooftop solar panel or wind farm installation, buying locally sourced clean energy is an easy and affordable way to buy into the sustainability movement. Corporate clients and small businesses alike will see immediate value and branding upside in offsetting their carbon footprints with energy that’s there even when the main grid goes down. Our equity crowdfunding campaign attracted over 150 investors, and we are now hard at work on the next phases of development for the P2PConnect marketplace.

Quempin SpA

Non Equity Assistance in 2020
We break down barriers faced when changing from polluting fuel sources to cleaner alternatives by providing innovative combustion technology for heat transfer in ovens. QUEMPIN offers an efficient and low emissions gas burner for the heat sector that can reduce gas fuel consumption by at least 20%. For companies that use coal or firewood, we can offer our heat solution without investment costs. As a result, we help with the switching cost from dirty fuels to clean energy and economically viable.

Brevel

Pre Seed Round in 2020
Brevel has developed an innovative cultivation technology focused on the sustainable and cost-effective production of microalgae. Utilizing high-tech, fully automated indoor systems that feature internal illumination, Brevel's approach achieves significant cost reductions and substantially higher yields compared to traditional methods. This advanced technology positions the company to tap into various markets in need of microalgae-derived products, including sustainable food, materials, chemicals, pharmaceuticals, and energy. By unlocking the full potential of microalgae, Brevel aims to create an alternative protein source suitable for mass production, addressing the increasing demand for environmentally friendly solutions across multiple industries.

ParagonH2

Non Equity Assistance in 2020
ParagonH2 delivers hydrogen-powered clean energy and water for business, community, and homes.

C2C NewCap

Non Equity Assistance in 2020
C2C NewCap, founded in 2014 by Rui Silva and Andre Mao de Ferro, is a Lisbon-based manufacturer specializing in the production of supercapacitors designed for efficient electrical energy storage. The company focuses on developing next-generation devices that utilize proprietary electrodes and an aqueous electrolyte, which contribute to a low environmental impact. C2C NewCap aims to provide clients with energy storage solutions that not only enhance operational efficiency but also reduce overall environmental and operational costs.

VoltXon Inc.

Non Equity Assistance in 2020
VoltXon introduces a new kind of NanoGenerator energy harvester to the market and develops a life-long and battery-free cardiac pacemaker.

Green

Grant in 2020
Green is a digital platform that specializes in energy purchasing and management. The company focuses on simplifying the process of acquiring energy for businesses and consumers, utilizing technology to streamline transactions and optimize energy usage. By providing users with tools to manage their energy needs effectively, Green aims to improve efficiency and reduce costs associated with energy consumption. The platform is designed to cater to various market segments, promoting a more sustainable approach to energy management.

Aerospec Technologies

Non Equity Assistance in 2019
Aerospec Technologies is a Chicago-based technology company specializing in the development of an unmanned aerial vehicle (UAV) equipped with an intelligent three-axis flight control system. This system autonomously inspects, monitors, and collects high-quality data, particularly for the energy industry. By providing advanced drone inspection services, Aerospec Technologies aims to enhance operational safety and efficiency while facilitating the adoption of renewable energy solutions. The insights generated from their technology enable clients to improve safety measures for all stakeholders and reduce maintenance costs associated with their assets.

ElecTrip

Non Equity Assistance in 2019
ElecTrip utilizes low operating cost EVs to provide a no-compromise travel experience throughout Texas. Starting at $250, our experienced drivers pick up our clients in Tesla Model X vehicles with WiFi-allowing a team of up to 5 work during the trip. In any major Texas city, our custom pick-ups reduce the overall travel time by 30 minutes when compared to flying. In summary, our product is lower in cost, offers more comfort, and reduces travel time.

Camberline Technologies

Non Equity Assistance in 2019
Camberline Technologies is a company that specializes in a sensor-driven platform designed to monitor electricity usage and promote energy conservation. The platform provides billing-ready data that integrates with existing billing systems, facilitating efficient energy management. By delivering actionable insights, Camberline encourages consumers to adopt more sustainable electricity usage habits, often through attractive incentives. This approach not only supports individual energy conservation efforts but also contributes to broader community sustainability goals.

asvin.io

Non Equity Assistance in 2019
Since 2018, asvin’s cybersecurity company's mission has been safeguarding organizations and their valuable data, inspired by the healing Asvin twins from Hindu mythology. With a proactive approach, we provide predictive solutions to ensure our clients' systems and devices' health and resilience, establishing trust, security, and resilience throughout the software lifecycle. We provide predictive cybersecurity with unique mesh architectures, knowledge-graph, and risk-by-context methodologies. Our state-of-the-art Risk-By-Context index enables informed decision-making by identifying complex threat patterns for advanced risk analysis. You get improved prioritization, stay ahead of threats, allocate resources efficiently, respond timely, and maximize your security investments. Our research is leveraging AI for enhanced threat intelligence and risk analytics, investigating vulnerabilities related to AI training data manipulation and emerging cyber risks. Collaborating with esteemed partners like MIT, Fraunhofer, and KIT, we contribute to national and international projects. asvin BeeHive, our Cybersecurity Management System (CSMS), ensures regulatory compliance and resilience in software ecosystems. With APIs for Software Update Management (SUMS), comprehensive threat intelligence, and risk analysis (SBoM analytics), BeeHive gives you a robust security framework. Our predictive cybersecurity solutions cater to critical sectors in industrial and public domains. Our Risk-By-Context solution excels at identifying, assessing, and mitigating risks, customizable to each customer's specific requirements. With an end-to-end trust layer along data supply chains, BeeHive boosts resilience against cyber-attacks, ensuring compliance with legal and regulatory obligations. Our approved technologies benefit diverse industries, such as automotive, engineering, energy, telecommunications, and public infrastructures. Our comprehensive cybersecurity protection is reliable across all sectors, from connected devices to OT environments and cyber-regulatory needs. Choose asvin to empower your cyber resilience and safeguard your assets throughout the lifecycle like never before.

Aeromine Technologies

Non Equity Assistance in 2019
Aeromine Technologies specializes in wind energy solutions tailored for large buildings. The company develops innovative wind energy systems that remain stationary, ensuring safety and silent operation. These systems can be installed along the edges of buildings, aligned with the prevailing wind direction, allowing building owners to harness untapped wind energy for on-site power generation. Aeromine Technologies aims to enhance energy efficiency in the built environment by providing reliable and unobtrusive wind energy solutions.

GRID

Non Equity Assistance in 2019
GRID focuses on supplying rural areas with consistent, affordable electricity and plans to meet the population's energy requirements. It intends to bring power to rural areas of the nation that, for a variety of reasons, are currently without it. Various fundamental issues, such as lighting, clean drinking water, communication, and electrifying the villages have creative solutions in it.

SolarBox

Non Equity Assistance in 2018
SolarBox is a renewable energy technologies company that offers renewable energy technologies to people who lack access to electricity. The company is driven by its mission is to offer people who lack access to electricity a better life using renewable energy technologies. The company was founded in 2017 and headquartered in Boston, Massachusetts.

Brightmerge

Non Equity Assistance in 2018
Brightmerge Ltd. is a company that develops an enterprise SaaS platform designed to optimize renewable energy microgrids. Founded in 2018 and based in Tel Aviv-Yafo, Israel, Brightmerge offers an AI-driven suite of products tailored for microgrid developers, financial experts, and energy operators. The platform utilizes proprietary machine learning and big data solutions to automate tasks typically performed manually by project developers and engineers, thereby streamlining the design and operation of microgrid systems. Brightmerge's tools aim to enhance performance prediction, risk mitigation, and overall cost-effectiveness, facilitating the transition to more complex energy networks. The company's focus is on addressing the evolving needs of the energy sector as it adapts to new technologies and business models, ultimately supporting the future of dynamic energy systems.

The Energy Audit

Grant in 2017
The Energy Audit is a reference point and provides practical support for all professionals dealing with energy efficiency: energy managers, energy consultants, ESCOs, utility providers and government institutions.

SolarChange

Grant in 2017
SolarChange leverages cutting edge disruptive technology, including blockchain and machine learning, to create an unparalleled reliable, comprehensive and potentially unlimited data platform for the renewable energy market. Utility companies, grid operators and users alike can obtain real time energy tracking while global trade markets can benefit from such accurate and real time data. Smart predictions, insights and forecasts will be taken to a new level with our proprietary technology.

Dechets a L'Or

Grant in 2017
Creating a waste management system in secondary cities that collect urban waste for composting and anaerobic digestion to produce Fertilizer and Energy. We imagine a world in which cities obtain social, economic and environmental value from waste and are therefore healthier and more sustainable places. Our mission is to change how cities in sub-Saharan Africa view their waste. Through innovation of waste systems in small and medium-sized African cities we will provide fertilizer to farmers, energy to businesses, improve the local environment and community health, and create jobs to reduce poverty.

Skyven Technologies

Grant in 2017
Skyven Technologies is an energy-as-a-service company focused on decarbonizing industrial process heat for manufacturers in hard-to-decarbonize sectors. The company aims to reduce onsite CO2 emissions by providing clean, emissions-free process heat at costs lower than natural gas. Skyven implements advanced decarbonization technologies, such as their Arcturus line of steam-generating heat pumps, without requiring capital expenditures or disrupting manufacturing processes. They monitor carbon emissions in real-time and charge clients only for the clean energy supplied. Additionally, Skyven offers dashboards that display real-time data on savings and carbon metrics, supporting facilities in their transition to greener energy sources while also recovering waste heat to produce sustainable steam.

Skypull

Grant in 2017
Skypull SA is a Swiss company founded in 2013, focused on developing an airborne wind energy system that utilizes a hybrid drone capable of vertical take-off and landing. This drone operates at higher altitudes, where it captures energy from strong and consistent winds through a tether connected to a ground-based generator, thereby generating electricity. Skypull's proprietary airframe design enhances the drone's efficiency and versatility, setting it apart from competitors. The company's technology aims to provide an affordable and clean energy solution that contributes to climate change mitigation by facilitating the transition from fossil fuels to renewable energy sources.

XOC

Grant in 2017
XOC offers a unique learning experience and it creates an energy awareness that will allow users to save energy in short and long term and at the same time contribute to the environment. XOC is designed for a new energy-based economy. Where buying and selling energy will be a fundamental activity in the near future, where smart cities will be incorporated to the Smart grid.

Gaszen

Non Equity Assistance in 2016
Gaszen is a company focused on enhancing energy consumption experiences by providing an Internet of Things (IoT) gas management platform specifically for propane users. Serving a global market of approximately 3 billion people who rely on propane for cooking, heating, and hot water, Gaszen targets Mexico, the largest per capita consumer of propane in the Americas. The propane industry in Mexico represents a market worth around 8 billion. The company offers a device that connects stationary propane tanks to the internet, allowing for real-time monitoring of gas levels and consumption patterns. This platform facilitates connections between residential users, small and medium-sized businesses, gas suppliers, and dispatchers. It includes a user application for consumers, a control dashboard for businesses, and a management dashboard for gas suppliers. By replacing traditional analog meters with wireless sensors, Gaszen aims to provide transparency in propane consumption, helping users manage their energy use effectively and economically.

Gaszen

Seed Round in 2016
Gaszen is a company focused on enhancing energy consumption experiences by providing an Internet of Things (IoT) gas management platform specifically for propane users. Serving a global market of approximately 3 billion people who rely on propane for cooking, heating, and hot water, Gaszen targets Mexico, the largest per capita consumer of propane in the Americas. The propane industry in Mexico represents a market worth around 8 billion. The company offers a device that connects stationary propane tanks to the internet, allowing for real-time monitoring of gas levels and consumption patterns. This platform facilitates connections between residential users, small and medium-sized businesses, gas suppliers, and dispatchers. It includes a user application for consumers, a control dashboard for businesses, and a management dashboard for gas suppliers. By replacing traditional analog meters with wireless sensors, Gaszen aims to provide transparency in propane consumption, helping users manage their energy use effectively and economically.

Empowerment Solar

Grant in 2016
Empowerment Solar fosters energy independence and economic prosperity across the Middle East by supplying affordable and easy access to reliable and clean solar electricity. They design and install distributed solar electricity systems for Palestinian businesses in the West Bank, eventually expanding across the region. They save Palestinian firms (who pay 70% more than Americans for electricity) 1,000s of dollars annually and eliminate electricity-shortage constraints plaguing West Bank companies.

PrintCB

Grant in 2016
PrintCB Ltd., located in Ness Ziona, Israel, specializes in the manufacture of copper inks designed for printed electronics. These inks aim to replace silver, the most expensive component currently used in the industry, thereby significantly reducing manufacturing costs in a market valued at $70 billion. PrintCB's innovative copper inks are compatible with standard printing processes and do not require changes to existing capital equipment. They can be cured in ambient air using conventional conveyor or box ovens, making them versatile for various applications, including circuitry, sensors, and energy devices. This flexibility allows printing industries to utilize non-brand-specific inks compatible with different dispensing systems, promoting efficiency and cost-effectiveness in production.

uLink

Grant in 2016
uLink enable developing world energy service providers to quickly develop and easily manage low-cost, modular microgrids in off-grid areas.

CoolComposites

Grant in 2016
CoolComposites develops innovative drop-in additives for foam insulation that enhance indoor temperature regulation, promoting energy efficiency in building materials. Their proprietary formulation utilizes a thermally-reversible inorganic phase-change material, allowing the additives to absorb heat during the day when outside temperatures rise and release it at night. This mechanism effectively reduces the energy required for cooling and optimizes energy use during off-peak hours, akin to a thermal battery integrated into the structure. By incorporating these additives, customers can achieve improved comfort while lowering energy consumption and costs associated with cooling.

Insolight

Grant in 2016
Insolight is an energy company founded in 2015 that specializes in the development and manufacturing of high-efficiency solar panels. The company has achieved significant advancements in solar technology, with modules reaching a record efficiency of 29 percent, which allows for a reduction in residential solar electricity costs to below 0.1 $/kWh. Insolight's innovative optical technology enhances efficiency while maintaining the simplicity of installation comparable to standard flat panels. The company's solar systems also incorporate an integrated tracking method to optimize energy capture, maximizing solar utility for agricultural applications. Insolight's business model focuses on developing intellectual property, overseeing wholesale distribution, and outsourcing manufacturing, ensuring a streamlined approach to delivering cost-effective solar solutions. The technology has been validated by reputable institutions, demonstrating its potential for widespread impact in both residential and agricultural sectors.

Wegaw

Non Equity Assistance in 2016
Wegaw specializes in processing remote sensing satellite data using artificial intelligence to assist companies in the transition to clean energy. The company focuses on monitoring renewable energy sources, particularly water and snow, by integrating satellite, ground sensor, and weather data. This technology enhances energy forecasting capabilities for clients, allowing them to optimize energy production and improve trading efficiencies. By providing accurate assessments of runoff and reservoir inflow, Wegaw enables energy companies to increase their energy output by 10% and boost their trading prices by 5%. Ultimately, Wegaw's solutions contribute to reducing reliance on fossil fuels and promoting sustainable energy practices.

CITY TRANSFORMER

Non Equity Assistance in 2016
CITY TRANSFORMER is a revolutionary automotive company that developed a patented mechanism of a shape-shifting car’s chassis. This mechanism enabled the company to create a two-seater electric mini vehicle that could change its width while driving, transforming from a fast balanced width of 1.4m that can run 90km/h on open roads to a width of 1m that can maneuver smoothly like a motorcycle through heavy traffic and park easily in spaces where other mini cars unable to use. CITY TRANSFORMER's vision is to reclaim cities back to people and remove big size cars out of the urban areas. Compared to an average full-sized electric vehicle, City Transformer is at least X2 more energy efficient, 75% smaller in weight and footprint and saves 80% in battery weight. City Transformer has the smallest environmental and physical footprint possible for an effective and practical urban vehicle.

Response Technologies

Grant in 2015
Response Technologies, LLC, founded in 2015 and located in Coventry, Rhode Island, specializes in additive manufacturing and advanced material science. The company develops innovative techniques for creating 3D textile structures and reinforced composites, focusing on sectors such as national defense, energy, aerospace, automotive, and transportation. Notably, Response Technologies manufactures explosion-resistant fuel tanks that enhance safety and effectiveness in fuel containment for its clients across these industries. As of December 2020, Response Technologies operates as a subsidiary of Bell Textron Inc.

Energy Harvesters LLC

Grant in 2015
Energy Harvesters LLC is commercializing a personal electronics mobile power source called the Walking Charger The Walking Charger allows users to charge the batteries in their mobile electronics devices anytime, anywhere just by walking.

Open Energy Market

Grant in 2015
Open Energy Market employs technology and expertise to create a commercial marketplace with a focus on energy buying and management. It helps energy buyers navigate a rapidly evolving industry, giving them greater control, insight, and power to build and shape lasting energy strategies. The company was founded in 2012 and is headquartered in Guildford, Surrey.

Sourcewater

Grant in 2015
Sourcewater, from MIT Energy Ventures, is the online exchange for sourcing, recycling, transporting and disposing of water for energy production, a $20 billion U.S. market. We create a marketplace that matches providers of water, wastewater, trucking, treatment, storage and disposal with energy producers, thereby minimizing the capital and operating costs of oil and gas production, ensuring reliability of the water supply chain, and reducing the environmental and community impact of hydraulic fracturing. For water sellers and service providers, Sourcewater creates a marketing platform that reduces cost of sales and maximizes utilization and profitability.

Advizzo

Non Equity Assistance in 2015
We want to use behavioural science to enrich people’s lives, using insights from their own household data. This will change the way people think about water, gas and electricity across the world, preserving natural resources.

Colibri

Non Equity Assistance in 2015
Colibrí accelerates the transition to renewable energy and increases the purchasing power of Nicaraguan families. Hummingbird is catalyzing the transition to clean energy and unlocking the purchasing power of Nicaraguan households.

Aeolus Building Efficiency

Grant in 2013
Aeolus Building Efficiency will reduce energy use in large office HVAC systems at a much lower cost than current technologies. Their full-service, software solution uses advanced technology (pat. pend.) for room-by-room measurement and optimization of airflow, reducing HVAC energy up to 20% without expensive equipment installations or labor-intensive rebalancing. Their scalable business model will create significant financial value for customers and prevent millions of tons of CO2 emissions.

Energy Intelligence

Grant in 2013
Energy Intelligence's patented technology captures waste energy from braking vehicles to generate cheap electricity onsite and for local use. Energy Intelligence is developing a road-mounted energy generation system for use at commercial sites with steady traffic. The technology captures energy wasted by braking vehicles and puts it to use as cheap, clean electricity generated onsite that can power local equipment. Depending on the installation, levelized system costs are projected at 7 cents per kWh and payback of upfront capital expenses at 2 to 3 years. This technology can be adapted to a wide range of applications and addresses a universal opportunity.

Aeolus Building Efficiency

Grant in 2013
Aeolus Building Efficiency will reduce energy use in large office HVAC systems at a much lower cost than current technologies. Their full-service, software solution uses advanced technology (pat. pend.) for room-by-room measurement and optimization of airflow, reducing HVAC energy up to 20% without expensive equipment installations or labor-intensive rebalancing. Their scalable business model will create significant financial value for customers and prevent millions of tons of CO2 emissions.

STG International

Grant in 2011
STG International provides small-scale low cost solar thermal power plant for electrifying clinics and schools in developing countries. In the world's poor rural areas schools and health clinics struggle to provide adequate service without electricity or hot water. Electrification of these institutions proceeds slowly with expensive grid extension, photovoltaic (PV) panels or diesel generators. STG has developed a better solution: a miniaturized solar thermal power plant using low cost solar collectors and a novel ORC engine that can provide clean electricity and hot water at a fraction of the cost of competing systems.

Precision Slip

Grant in 2011
Precision Slip is a novel drag reducing technology that decreases the energy needed to propel a ship through the water. This means cost savings and lower emissions from reduced fuel consumption, and increased speed and range. They have peer reviewed published results and are developing a prototype for large scale testing in realistic operating conditions.

SmarterShade

Grant in 2011
SmarterShade is a clean technology company based in South Bend, Indiana, specializing in innovative light-control solutions for windows and other glass surfaces. Utilizing proprietary technology, SmarterShade allows users to electronically darken windows, skylights, and rear-view mirrors on demand, enhancing both privacy and energy efficiency. This technology can be applied to various settings, including residential and commercial buildings, enabling individuals to control the amount of light that enters their spaces. By integrating this adaptable window treatment into daylighting and natural heating strategies, SmarterShade has the potential to significantly reduce energy costs, contributing to substantial savings in the United States.

Resolute Marine

Grant in 2011
Resolute Marine Energy is a Boston-based startup focused on harnessing ocean wave energy for power generation and seawater desalination. The company develops technology that converts wave energy into electricity and facilitates the transport of seawater to on-shore desalination facilities, addressing water scarcity in off-grid areas. Its wave-driven power services are applicable in various commercial sectors, including open-ocean aquaculture and ocean observation systems. By providing innovative solutions, Resolute Marine Energy aids water resource managers in balancing supply and demand in water-stressed regions, thereby promoting sustainable development and contributing to the reduction of carbon emissions. The company has received support through grants from the Department of Energy and was recognized as the winner of the 2010 Global Entrepreneurship Week's Startup Open competition.

Emergent Energy

Grant in 2010
Emergent Energy provides renewable energy and energy efficient solutions and consulting services using state-of-the-art technologies and methodologies. Founded on the belief that our energy systems should be healthier, cleaner, more efficient and more reliable, this company strives to make a positive contribution to the development of South Africa’s energy sector in ways that will sustain the natural environment. The team at Emergent Energy has extensive local and international experience in the renewable energy and broader energy sectors, offering expertise in grid-tied and off-grid renewable energy systems, sustainable building design, industrial and commercial energy efficiency, and international and local renewable energy policy. Emergent Energy’s service offering includes tailored solar PV solutions for commercial and industrial clients, green building services, Energy Heat Pump installations, and resource assessment.

Resolute Marine

Grant in 2010
Resolute Marine Energy is a Boston-based startup focused on harnessing ocean wave energy for power generation and seawater desalination. The company develops technology that converts wave energy into electricity and facilitates the transport of seawater to on-shore desalination facilities, addressing water scarcity in off-grid areas. Its wave-driven power services are applicable in various commercial sectors, including open-ocean aquaculture and ocean observation systems. By providing innovative solutions, Resolute Marine Energy aids water resource managers in balancing supply and demand in water-stressed regions, thereby promoting sustainable development and contributing to the reduction of carbon emissions. The company has received support through grants from the Department of Energy and was recognized as the winner of the 2010 Global Entrepreneurship Week's Startup Open competition.

Zero Carbon

Grant in 2010
Zero Carbon is transforming CO2 from a liability to an asset by producing revenue-generating petrochemicals, thereby eliminating the need for carbon sequestration and lowering the costs of oil exploration and production, transportation, and refining.
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