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 Storage

Aviation Battery Systems

Non Equity Assistance in 2024
Aviation Battery Systems LLC designs and manufactures Lithium based energy storage solutions for aviation, located in Chandler, AZ.

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.

Econutri

Non Equity Assistance in 2024
Econutri is a company focused on sustainable protein production through the recycling of CO₂. Utilizing advanced bio-processing technology, it transforms carbon dioxide into high-quality proteins that serve a variety of markets, including livestock feed, pet food, non-food products, and human food options. By providing eco-friendly and nutritious protein alternatives, Econutri aims to make a positive environmental impact while helping to reduce the global carbon footprint.

Haylon Technologies

Non Equity Assistance in 2023
Haylon Technologies specializes in developing advanced battery management products designed to enhance the performance and longevity of rechargeable batteries. The company focuses on creating ultra-efficient battery packs that offer improved cyclic stability and extended battery life. By providing innovative solutions for various rechargeable battery applications, Haylon Technologies enables manufacturers to compete effectively with traditional lithium-ion cells, thereby advancing the market for energy storage technologies.

Persist Energy

Non Equity Assistance in 2021
Persist Energy specializes in creating efficient drivetrains and vehicle designs tailored for the infrastructure and requirements of developing nations. The company develops electric mobility solutions aimed at businesses, featuring a modular utility system for vehicles and an electric bike designed to generate income. Additionally, Persist Energy offers affordable charging points suitable for home or business use, allowing clients to scale their drivetrains with minimal alterations to existing tooling or fixtures. Through these initiatives, Persist Energy seeks to enhance mobility and promote sustainable transportation in emerging markets.

ENERGY2GO

Non Equity Assistance in 2021
ENERGY2GO is a provider of direct solar energy recharge to small devices and built-in power banks. The integrated PowerBank can store the sun's energy and provide customers with clean energy at any time of day and in sunlight conditions.

SeebeckCell technologies (SCT)

Non Equity Assistance in 2021
SeebeckCell Technologies(SCT) develop and manufacture carbon-negative power solution for Industrial IoTs by utilizing waste heat around them. SCT's first product utilizes ample waste heat in industrial facilities to provide power for the IoT sensors, eliminating the need for changing batteries and increasing active time.

Natrion

Non Equity Assistance in 2021
Natrion LLC specializes in the design and manufacturing of sodium-ion batteries and solid-state electrolyte components. Founded in 2017 and headquartered in Greenwich, Connecticut, the company is focused on enhancing renewable energy storage solutions. Natrion has developed a plug-and-play solid-state electrolyte component known as LISIC, which can be quickly integrated into existing battery production lines. This innovation aims to eliminate fire risks, improve battery durability, and facilitate the use of advanced chemistries that enhance energy density. By providing universally compatible materials for solid-state batteries, Natrion supports the transition to efficient renewable energy systems.

RenewCO2

Non Equity Assistance in 2021
RenewCO2 is a research company that develops processes for converting CO2 into polymers and chemicals. The company was founded in 2018 and is based in Cranford, New Jersey.

Electra Vehicles

Grant in 2021
Electra Vehicles, Inc. specializes in developing software solutions for the electric vehicle and battery-electric industries, focusing on enhancing battery pack range, lifetime, and charging performance. Founded in 2015 and based in Boston, Massachusetts, the company offers a range of products, including EVE-Ai™ 360 Adaptive Controls, which utilize AI and machine learning to optimize battery management in electric vehicles. These controls are connected to the Cloud, allowing for real-time adjustments to battery performance. Additionally, Electra provides EVE-Ai™ Analytics, a web application designed for fleet managers to monitor and improve battery performance in electric fleets. Their EnPower™ Design Suite platform assists battery engineers in selecting from a database of over 300 cells for efficient design and simulation. Overall, Electra Vehicles aims to bridge performance and design gaps within the electric vehicle sector, facilitating the global transition to electrification.

TioTech

Non Equity Assistance in 2021
TioTech is developing the next generation titania (TiO2) materials for use in fast charging and long-life batteries. Our product, named TitanBTM, is a TiO2 based material that allows batteries to be charged in less than 6 minutes, improves their lifetime, removes safety concerns, and can be charged in arctic conditions.

Neustark

Pre Seed Round in 2020
Neustark focuses on creating zero-emissions concrete by capturing carbon dioxide emissions from the atmosphere and converting them into limestone, which serves as a sustainable substitute for cement and sand. In addition to this innovative approach, Neustark also offers environmental services that involve recycling construction waste into fresh concrete. The company decomposes concrete waste into its original components—carbonate powder and gravel—allowing clients to recycle materials effectively while reducing the environmental impact associated with concrete production. Through these methods, Neustark aims to contribute positively to the construction industry and address climate change.

Teratonix

Seed Round in 2020
Teratonix specializes in energy-harvesting technology that converts ambient radio waves into electricity, providing a sustainable power source for low-power devices. This innovative system significantly reduces lifetime maintenance costs for wireless devices by tenfold compared to traditional battery power, while also eliminating hazardous battery waste. By offering a maintenance-free power solution, Teratonix enables IoT manufacturers to develop self-powered versions of existing devices, opening new market opportunities. Additionally, their technology helps users minimize regulatory compliance risks associated with battery disposal, contributing to a more environmentally friendly approach to powering wireless devices.

ThermoAI

Non Equity Assistance in 2020
ThermoAI uses patent-pending proprietary machine learning algorithms to optimize the total processes of industrial combustion. How does the moisture content effect reaction temperatures? How does falling atmospheric pressure impact the amount of fuel needed? What is the exact optimal level of air intake to ensure perfect combustion? Our systems constantly monitor all factors and are constantly optimizing levels to keep a close to perfect combustion. Saving fuel, increasing energy output, increasing the lifetime value of expensive parts, and lowering emissions.

TexPower

Non Equity Assistance in 2020
TexPower, founded in 2019 in Austin, Texas, specializes in the design and manufacture of cobalt-free, high-capacity cathode materials for lithium-ion batteries. The company focuses on producing customized battery solutions for various end-users, including portable electronics, electric vehicles, drones, and robotics. TexPower's cathodes are synthesized using standard industrial processes and consist of metals such as nickel, manganese, aluminum, iron, and zinc, which allows for scalability and cost-effectiveness. Their products are engineered to deliver at least 10% higher energy density and 25% lower raw material costs compared to traditional options, while enhancing sustainability and ensuring a secure supply chain. TexPower's innovations are particularly beneficial for military applications, where security and reliability are paramount.

ALP Technologies

Non Equity Assistance in 2020
ALP Technologies is a renewable energy engineering start-up from London. It focuses on developing renewable energy technologies for the developing world. Since founding in 2015, it has won multiple awards and funded research and development projects such as advanced battery systems on recycled cells, novel biogas generation, and power electronic and control systems. Its small-scale power plant for developing regions uses solar, bio-ethanol, and agricultural waste to generate uninterrupted electricity. It aims to displace diesel generation and fossil fuel based power plants and leapfrog grid infrastructure in the developing world.

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.

Liquid Logical

Grant in 2019
Liquid Logical specializes in a patented heating technology that instantly brings water to its boiling point without the need for storage tanks. This innovative device provides a continuous supply of boiling water on demand, making it suitable for integration into various everyday applications, including kitchens, fridge doors, kitchen worktops, and commercial coffee machines. The technology presents scalable opportunities for consumers and businesses alike while contributing positively to global water-saving initiatives.

Swistor

Non Equity Assistance in 2019
Swistor specializes in the development of high energy and ultra fast-charging battery replacements, utilizing carbon nanotube supercapacitors to enhance charging speed and extend battery life. The company aims to provide solutions that allow electronic devices to charge in under two minutes while ensuring the use of environmentally friendly and safe materials. Targeting major mobile phone manufacturers and the growing sector of self-powered IoT devices, Swistor seeks to enable businesses to offer superior battery performance in their products, promoting sustainability and efficiency in energy storage solutions.

HiLyte

Non Equity Assistance in 2018
HiLyte specializes in providing lighting and phone-charging solutions to rural communities. The company offers iron batteries that can power both phone charging and LED lighting, utilizing solar energy for their operation. Through the deployment of solar kiosks, HiLyte enables users to access clean energy, improving their quality of life. Additionally, the company supports local agents by providing the necessary installation, maintenance, and training to establish their businesses, ensuring effective service delivery. The portable hiLyte cubes, which are charged using solar power, serve as the primary product for customers, promoting sustainable energy use in underserved areas.

KeeUI Solar

Non Equity Assistance in 2018
KeeUI Solar specializes in providing a range of solar energy solutions, including solar panels, inverters, structural components, industrial monitoring systems, and electric vehicle chargers. The company has developed a mobile platform designed to facilitate the adoption of solar energy by streamlining the processes of sizing, quoting, and purchasing solar products. This platform serves as an intermediary, connecting equipment suppliers, integrators, and customers, thereby enhancing accessibility and efficiency in the solar market. Additionally, KeeUI Solar offers system design services that incorporate technical data, further supporting clients in their solar energy endeavors.

Blue Isles

Non Equity Assistance in 2018
Blue Isles provides floating solar power solutions.

Takachar

Grant in 2018
Takachar is focused on creating a network of waste management enterprises in Kenya that convert agricultural residues into eco-friendly charcoal, providing an affordable cooking fuel for low-income households. The company has developed low-cost technologies that can be locally manufactured and have been successfully tested in Kenya over the past three years. Since its inception, Takachar has assisted in establishing seven local waste-to-charcoal enterprises, some of which have achieved operational profitability. To date, Takachar has created approximately 100 jobs and sold 50 tons of eco-char. The company aims to demonstrate the long-term financial sustainability of these enterprises, with the intention of developing a franchise network in the future. Additionally, Takachar employs oxygen-lean torrefaction reactors to transform biomass into commercially viable products, helping farmers prevent the open burning of agricultural waste while providing them with opportunities to generate extra income through value-added chemicals.

Yotta Energy

Non Equity Assistance in 2018
Yotta Energy Inc. specializes in manufacturing innovative solar storage solutions, primarily through its flagship product, the SolarLEAF. This modular battery storage device integrates seamlessly with photovoltaic (PV) panels, offering passive thermal regulation to enhance efficiency. The SolarLEAF is designed to minimize the soft costs associated with the design, installation, and maintenance of energy storage systems, making it a cost-effective alternative to traditional centralized solutions. Additionally, Yotta Energy provides SolarPLEXUS, a gateway that enables the automated management and optimization of individual SolarLEAF units. The company also offers a software platform that aggregates energy potential from various systems, aiding utilities in grid management and helping system owners optimize their power usage and reduce costs. Founded in 2016 and based in Austin, Texas, Yotta Energy aims to enhance energy control and resilience through its innovative technologies.

OffGridBox

Grant in 2017
OffGridBox is a modular and compact unit that provides renewable energy and clean water in remote areas and developing countries. Their OffGridBox™, an all-in-one system, fits entirely inside a 6x6x6 feet shipping container and is equipped with all the hardware needed to produce electricity and clean water. This innovative technology is a solution for more than 2 billion people worldwide that need energy and clean water on a daily basis. One unit potentially managed by a local women co-op in a Rwandese village can impact up to 300 families (circa 1500 people) providing Tier 1 electricity and sterilized water. They deployed 38 units in 9 Countries (Italy, South Africa, Rwanda, Nigeria, Philippines, Madagascar, US and Colombia) for different segments: humanitarian, household retail, service to industry. These units have operated more than 400,000 working hours.

Lithio Storage

Grant in 2017
Lithio Storage is developing lithium metal batteries containing our patent-pending gel electrolyte that produces a longer lasting (3x), safer battery.

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.

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.

MEMBRASENZ GmbH

Grant in 2017
MEMBRASENZ GmbH was founded in June 2015 by Dr. Jelena Stojadinovic and Prof. Dr. Fabio La Mantia. The company's mission is to supply innovative gas separator solutions for electrolyzers’ industry and make hydrogen universally accessible. Moreover, MEMBRASENZ’s vision is to be the supplier of resource supporting products enabling the sustainability of sense and integrity based energy systems. The company is a spin-off of the Center for Electrochemical Sciences at the Ruhr-University Bochum. MEMBRASENZ has been supported by German Ministry of Economy and Energy BMWi (EXIST grant), Cluster of Excellence RESOLV "Ruhr Explores Solvation" and Horizon 2020 EU Framework Programme for Research and Innovation.

Greeneum Network

Non Equity Assistance in 2017
Greeneum makes it easy for you to contribute to the future of green energy by focusing on elements that strengthen and secure your financial positions.

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.

Ascend Elements

Grant in 2016
Ascend Elements specializes in the production of advanced battery materials by reclaiming valuable elements from spent lithium-ion batteries. The company employs hydroprocess recycling and direct recycling methods, which deconstruct old cathode materials at the atomic level to generate new cathode materials. This innovative approach not only enhances the efficiency of recycling processes but also enables clients to maximize their returns on assets, ultimately supporting the production of economically viable and low-cost battery materials.

Electra Vehicles

Grant in 2016
Electra Vehicles, Inc. specializes in developing software solutions for the electric vehicle and battery-electric industries, focusing on enhancing battery pack range, lifetime, and charging performance. Founded in 2015 and based in Boston, Massachusetts, the company offers a range of products, including EVE-Ai™ 360 Adaptive Controls, which utilize AI and machine learning to optimize battery management in electric vehicles. These controls are connected to the Cloud, allowing for real-time adjustments to battery performance. Additionally, Electra provides EVE-Ai™ Analytics, a web application designed for fleet managers to monitor and improve battery performance in electric fleets. Their EnPower™ Design Suite platform assists battery engineers in selecting from a database of over 300 cells for efficient design and simulation. Overall, Electra Vehicles aims to bridge performance and design gaps within the electric vehicle sector, facilitating the global transition to electrification.

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.

Surge Hydro

Grant in 2016
Surge Hydro is dedicated to modernizing hydroelectric facilities and enhancing their energy production capabilities. The company specializes in designing and manufacturing modular hydroelectric systems aimed at electrifying non-electricity-generating dams, of which there are over 80,000 in the United States. By implementing innovative technologies, Surge Hydro seeks to create independent sustainable grid networks that minimize transmission losses and empower communities to manage their own energy consumption and production. Their commitment to clean energy aligns with the growing demand for renewable energy infrastructure, positioning hydropower as a key component of future energy solutions. Surge Hydro aims to reduce operational costs through efficient and safe practices, ensuring reliable, sustainable, and renewable energy for the evolving needs of society.

Sun City Energy

Grant in 2016
SunCity is disrupting irrigation practices by developing and building affordable solar energy solutions that help small farmers switch from diesel pumps.

NrgStorEdge

Grant in 2016
NrgStorEdge Ltd is a start-up, based on patented energy storage technology for safe and inexpensive use in zero-emission hydrogen-powered vehicles. NrgStorEdge is located in the Hi-Tech Village of Jerusalem, Israel. They are approved and financially supported by the Israeli Government and Jerusalem Development Authority.

Oorja Development Solutions

Grant in 2016
Oorja Development Solutions aims to provide clean energy access to 450 million un/underelectrified people in rural Indian communities. It deploy smart micro-grids powered by biomass gasification and solar PV systems to generate, store and transmit reliable and affordable electricity to SMEs as anchor load and low-income households. It uses a scalable community-owned business model to leverage energy provision as a catalyst for socio-economic development to alleviate poverty, empower women and tackle climate change.

Cambridge Carbon Capture

Grant in 2015
Cambridge Carbon Capture Ltd is focused on developing advanced technology for industrial carbon dioxide capture and storage, utilizing proprietary methods for CO2 mineralization. The company's innovative approach aims to extract CO2 from industrial flue gases at a cost lower than the current carbon price, potentially allowing for cost offsets or even profits through the sale of semi-precious metals and other mineral by-products generated during the process. By employing electrochemical techniques, Cambridge Carbon Capture not only captures carbon dioxide but also converts fossil fuels into carbon-free electricity, providing industries with a viable solution to reduce emissions while promoting sustainable practices.

Hyliion

Grant in 2015
Hyliion is an innovative company based in Austin, Texas, specializing in electrified solutions for the commercial vehicle industry and other sectors. The company focuses on reducing carbon intensity and greenhouse gas emissions by providing efficient electrified powertrain solutions for Class 8 commercial vehicles. Among its offerings are the Hybrid system and the Hypertruck ERX system, designed to minimize the total cost of ownership for fleet operators. In addition to its work in transportation, Hyliion is developing distributed power generators that can utilize multiple fuel sources, addressing the need for flexible and sustainable electricity production. Their KARNO generator employs a fuel-agnostic approach and features a unique linear heat generator architecture, catering to both stationary and mobile applications. Through these advancements, Hyliion aims to contribute positively to the energy economy while offering practical solutions for a cleaner future.

Blackburn Energy

Non Equity Assistance in 2015
Blackburn Energy, Inc. specializes in renewable energy solutions for the commercial trucking industry through its innovative product, RelGen. This technology harnesses kinetic energy from a truck's drive shaft, converting it into electricity via a custom alternator. The generated power is stored in a battery array, enabling it to supply energy to various truck subsystems including liftgates, electric auxiliary power units (APUs), and sensors for driver-assist and autonomous features. Blackburn Energy's solutions aim to reduce reliance on engine idling, thus cutting fuel and maintenance costs while minimizing carbon emissions. The company's products are particularly beneficial for long-haul drivers, providing essential power for climate control and operational needs during rest periods. Blackburn Energy was founded in 2008 and is headquartered in Amesbury, Massachusetts.

H2Only Battery

Grant in 2014
H2Only Battery is water-activated devices for Peace-of-mind in times of need and emergency, and electricity in Dark-At-Night places.

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.

EnerLeap

Grant in 2013
EnerLeap is a patented, new lithium ion battery technology. In today's lithium ion batteries, the powder binders break down quickly, stunt performance and jeopardize safety. EnerLeap replaces these inefficient binders with a rigid 2D titanium silicide nanonet. The result is a lighter weight, faster charging, longer lasting and safer battery. We have lab scale prototypes and are currently planning to enter the $12B global lithium ion market through the consumer electronic space.

Raja Systems

Grant in 2013
Raja Systems can cut the cost of generating electricity in remote locations in half. A common solution for generating electricity in a remote location is a hybrid power system including a diesel generator, solar PV, and a battery. For a power system like this with multiple sources of electricity generation, it is important to make smart decisions about when to use each of the generation resources. Our software forecasts solar production and electricity consumption to improve the coordination of these systems and cut diesel consumption in half.

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.

Oklo

Seed Round in 2013
Oklo Inc. is a company based in Sunnyvale, California, that specializes in the development of advanced fission power plants aimed at delivering clean, reliable, and affordable energy. Founded in 2013, Oklo focuses on manufacturing small, portable nuclear reactors that are emission-free and capable of converting nuclear waste into clean energy. Its primary product, the Aurora, is designed to produce up to 15 megawatts of electricity and can operate for decades without the need for refueling. By utilizing recycled nuclear fuel, the Aurora has the potential to significantly reduce carbon emissions, saving approximately one million tons during its operational lifespan compared to traditional power generation methods. In addition to energy production, Oklo is exploring services related to the recycling of used nuclear fuel in the U.S. market, further contributing to its mission of sustainable energy solutions.

Solar Tri-Gen

Grant in 2012
Solar Tri-Gen is dedicated to the idea that innovative, affordable, renewable energy is the only solution to the growing tension between the aspirations of the developing world and concern over global climate change. They transfer technology and build capacity through partnerships that manufacture, own and operate novel distributed energy infrastructure based on micro-CSP, and provide an affordable micro-utility service and trigeneration to health clinics and schools in remote areas.

7Solar Technologies

Grant in 2010
7Solar Technologies converts sunlight into heating AND cooling for buildings in a single, integrated solution. Their system integrates proprietary PV/Thermal collectors, solar air-conditioning, and software that proactively minimizes energy costs. The net result is a system that produces 4 times more energy per m2 of surface area than standard PV and they offset the entire heating and cooling load of a building. The ROI on their system is less than 3 years and less than 5 years without government incentives.

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.

Clean Energy Innovations

Grant in 2010
Clean Energy Innovations develops and markets a proprietary process capable of delivering an increase of at least 25% in the energy extracted from a battery during one discharge cycle. The CEI process promises to be a critical factor in the growth of rechargeable batteries which is expected to be a $50 billion market by 2015. Despite large R & D investment in the industry, the rate of performance improvement is relatively slow. Dramatic improvements in cost, performance, or weight of rechargeable batteries will add high value to the end products where they are used. The CEI reproducible laboratory test results of its patent pending process, IPS™ (Interfacial Process Stimulation), demonstrate its claims for significant performance improvements in both Nickel Metal Hydride and Lithium Ion batteries. The process will work with any type of rechargeable battery. The IPS™ process can be readily integrated into existing control systems, by adding a simple low cost logic component into the battery power management modules. This means there is a minimal amount of incremental development and incremental bill-of-material cost. This is a disruptive technology which brings immediate performance results that match the more costly industry developments underway in battery chemistries and controls. Through the implementation of software-driven advances in the operating system of the battery, IPS™ achieves clear improvements, but is also compatible and synergistic with these R & D efforts. Key is that CEI’s process has been shown to be far more cost effective - it achieves the same results with a lower investment by at least four orders of magnitude. CEI seeks partnership arrangements with market leaders where IPS™ will be a major driver to advances within important industry sectors such as mobile devices, electric vehicles and storage for renewable energy installations. CEI has a passion for solutions that support the major global objectives for environmental health and security, energy independence, and economic growth. CEI believes that IPS™ will have a major impact on these important objectives.

Solar Engineering Solution

Grant in 2010
Solar Engineering Solution (SES) offers breakthrough solar thermal technologies to deliver clean and cost-efficient cooling and heating solutions for commercial buildings. Heating, cooling, and hot water account for more than 40% of total energy use in buildings (over $170 B/yr), and represents 10% of US CO2 emission. Our solar thermal collector, smart control and other innovations, enable building owners to achieve payback within 3-5 years by a typical 85% reduction in energy operating costs.

hydroGEN Technologies

Grant in 2010
hydroGEN Technologies is commercializing a novel technology that leverages energy stored in waste to produce low cost, predictably priced high purity hydrogen. High purity hydrogen is a $10B market and is primarily produced through the reformation of price volatile natural gas and the electrolysis of water. The high price is due to purification steps and high transportation costs. Our advantages include low cost energy input and scalability allowing for onsite generation at competitive prices.
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