Story
California
Renewable energy tech
The Future of Energy Storage: Lifecycles, Longevity, and Innovation

the future of battery storage blogpost hero image

A report from the International Energy Agency found that 35 percent of emissions reductions needed to reach net zero depend on technology that has yet to be commercialized. That’s why supporting early-stage clean energy innovators is critical to the energy transition and reducing emissions.

California’s clean energy transition depends on better energy storage; some of the most exciting breakthroughs are happening now. The latest CalSEED Prototype Award winners are tackling big questions about battery lifespan, recyclability, and how we store power more efficiently and sustainably.

From next-gen potassium-ion batteries to innovative battery recycling techniques, these startups are reshaping energy storage. Let’s look at five game-changing solutions in battery storage:

1. ExPost Technology: Giving Batteries a Second Life

We rely on lithium-ion batteries for everything from smartphones to electric vehicles, but what happens when they reach the end of their life? ExPost Technology is rethinking battery recycling—a process that extracts valuable materials without fully breaking down components.. This means less waste, fewer new materials needed, and a stronger circular economy for batteries—something we’ll need as energy storage demand skyrockets.

Using Purification and Regeneration Integrated Materials Engineering (PRIME), ExPost recovers pristine quality battery components from battery scraps and end-of-life batteries. With its prominent economic, efficient, and eco-friendly process, this scalable method has the potential to reshape the battery recycling industry.

calseed expost

Photo from ExPost Technology

2. Project K Energy: Making Lithium-Free Batteries a Reality

Lithium has long been the go-to material for batteries, but it’s expensive and difficult to source sustainably. Project K Energy is developing potassium-ion batteries—a cheaper, longer-lasting alternative for large-scale energy storage. Since potassium is much more abundant than lithium, this technology has the potential to cut costs and make clean energy storage more accessible. Project K’s innovation lies in optimizing potassium-based cathode, anode, and electrolyte components with fundamentally different properties than their lithium-ion counterparts.

The potential benefits of these potassium-ion batteries include faster charging, lower costs (and less price volatility), better performance at low temperatures, and improved safety.

3. Activated Energy: A Safer, More Sustainable Way to Store Power

Battery safety is a huge concern, especially when dealing with flammable or toxic materials. Activated Energy is reimagining energy storage—making it safer, sustainable, and even carbon-negative. Their innovative solid-state system stores energy by compressing carbon dioxide using eco-friendly materials, creating a compact solution that’s both scalable and long-lasting.

Activated Energy’s product builds on compressed air energy storage (CAES) and CO2 energy storage combined with innovative solid-state sorption technology. It has reduced costs and sourcing concerns, as well as increased stability over lithium technologies. In addition to being non-toxic and nonflammable, the proprietary low-pressure storage technology reduces the footprint of the storage system, making it more suitable for congested urban environments than competing large-footprint gas-based storage systems, which require land resources most likely unavailable in urban areas. This long-duration energy storage system improves grid resilience for urban communities, reduces strain on electrical transmission lines, is non-flammable, and enables greater renewable energy adoption.

4. Sperra: Storing Energy Beneath the Ocean

One of the biggest challenges with renewable energy is ensuring we can store power when it is needed most. Sperra has a fascinating solution: Marine Pumped Hydroelectric (MPH) Storage. They’re designing 3D-printed concrete spheres on the ocean floor that store and release energy in sync with offshore wind farms. Unlike traditional energy storage, this system could last decades without losing efficiency.

This approach bypasses the land use and permitting challenges that often limit pumped hydro projects. It can be deployed along coastlines or paired directly with offshore wind farms to boost efficiency and lower costs. With innovations like their patented multi-sphere “pod” design, automated 3D-printed manufacturing, and shared infrastructure with other ocean energy projects, Sperra is creating a new, cost-effective path for long-duration energy storage beneath the waves.

calseed sperra

Sperra’s SPSH systems are designed to be manufactured in 2 MW to 5 MW modules in US ports using locally available materials and labor. Photo from Sperra

5. Aepnus Technology: Cleaning Up Battery Manufacturing

It’s not just about how long batteries last—how they’re made also matters. Aepnus Technology is working on a cleaner, more cost-effective way to produce lithium salts and other battery materials. By making the production process more sustainable, they’re helping reduce the overall carbon footprint of energy storage systems from the start.

Aepnus Technology’s innovation uses electricity instead of fossil fuel-based chemicals, reducing waste disposal costs and mitigating carbon emissions, especially when powered by renewable energy. By integrating the system on-site, manufacturers can cut waste disposal costs and achieve up to 35% savings on chemical expenditures. This solution enhances the sustainability and circularity of the battery industry while addressing critical chemical management challenges and contributing to the decarbonization of emissions-heavy chemical manufacturing processes.

Aepnus’s ultra-efficient electrolyzers run on renewable energy to process essential materials like lithium salts and other reagents. They are advancing a novel electrolysis platform that recycles sodium sulfate—a common chemical waste in the battery supply chain—into valuable reagents (sulfuric acid and caustic soda), essential for refining battery metals and manufacturing cathode active materials.

Where Energy Storage Is Headed 

The energy storage industry is evolving fast, and these companies are leading the charge toward longer-lasting, more sustainable solutions. Whether it’s recycling old batteries, developing new materials, or rethinking how we store power, these innovations will be critical in the clean energy transition.

A future energy system won’t just rely on making better batteries—it’ll depend on keeping valuable materials in use through smart recycling and circular design. With continued investment and support, we’re looking at a future where energy storage isn’t just an afterthought—it’s a key pillar of a cleaner, more resilient, and circular power system. If these startups are any indication, the best is yet to come.

Explore More
Story
Renewable energy tech
The scale effect: How climate startups are mitigating millions of tons of emissions

Each Earth Day, we’re reminded of the stakes. Wildfires, floods, and rising seas make it obvious that climate change isn’t just a looming threat; it’s here.

But amid the urgency, there’s also momentum on the solutions front—quietly building in labs, garages, solar farms, and startup accelerators around the world.

In over 20 years building ecosystems for climate and clean energy innovation, we’ve seen founders come up with ingenious ideas that are now driving decarbonization. Startups start small but can deliver exponential impact at scale, and we can actually model potential mitigated emissions as they grow (based on factors including current performance, projected growth trajectories, and market penetration rates).

In fact, from our portfolio of nearly 1,500 climate startups and businesses, we’re spotlighting seven that could collectively reduce over four million metric tons of emissions (CO2e) by 2030. That’s the equivalent of taking nearly 59,000 cars off the road. Learn more below.

 

bedrock 1

Photo from Bedrock Energy

Bedrock Energy (United States)

Emissions (CO2e) reduced (2024): 32 tons
Potential emissions mitigated (2025-2030): 212,498 tons

Bedrock Energy is making geothermal heating and cooling viable for buildings in dense cities, through a proprietary drilling and tech platform that cuts cost, space, time, and risk by 3–5x. The company was named one of America’s Top Greentech Companies in 2024 by TIME and Statista. In early 2025, Bedrock raised US$12 million in Series A funding to advance and expand their technology.

Bedrock Energy joined our New York program The Clean Fight’s Food Service cohort, focused on decarbonizing the storage, distribution, and retail of food. On top of matchmaking opportunities, expert insights, and bespoke support services, Bedrock became eligible to receive up to US$125,000 to implement their demonstration project in New York State.

 

hive energy 1

Hive Energy PH installs a 1.7kWh solar energy system for an off-grid community in 2021, then their largest project. Photo from Hive Energy

Hive Energy PH (Philippines)

Emissions (CO2e) reduced (2024): 127 tons
Potential emissions mitigated (2025-2030): 5,703 tons

Hive Energy PH delivers portable solar generators, battery storage, and solar installations to provide reliable, clean power—especially for underserved communities, students, and remote workers.

CEO & Founder Joseph Amiel Camingal first joined our online course with BARAS TBI in July 2020, where he sparked the idea for a portable energy backup solution. Six months later, he entered our Startup Acceleration Program to strengthen his business skills and scale his startup.

Now, Amiel is joining NEXAccelerate Philippines 2025 to further grow Hive Energy PH and expand access to sustainable, dependable energy across the country.

 

Kazam (India)

Emissions (CO2e) reduced (2022-2024): 35,310 tons

Kazam was founded by Akshay Shekar and Vaibhav Tyagi to make clean mobility more accessible. Today, it’s one of India’s leading EV charging networks—smart, affordable, and built for everyone, from two-wheelers to commercial fleets. With 50,000+ chargers deployed, Kazam is breaking down barriers to EV adoption nationwide.

Through our ElectronVibe program, Kazam partnered with an Indian utility to tackle real-world EV infrastructure challenges, earning first place in the 2022 EV Infrastructure Management Track.

In 2024, Kazam raised US$8 million in Series A3 funding to expand its network and boost its technology.

 

Sepion (California)

Potential emissions (CO2e) mitigated (2025-2030): 1.4 million tons

Sepion is advancing lithium-metal batteries that boost EV range by 40% and cut energy costs by 15%, using breakthrough membrane technology that protects lithium and integrates with existing lithium-ion manufacturing. In 2023, Sepion also developed an AI-driven liquid electrolyte that reduces EV fire risks.

New Energy Nexus supported Sepion early on through our CalSEED program’s concept and prototype awards, helping de-risk their membrane tech. This support enabled Sepion to retire key technical risks, close an oversubscribed Series A in 2021, and bring on Solvay as a strategic investor.

 

Solar Run Energy (China)

Emissions (CO2e) reduced (2024): 127 tons
Potential emissions mitigated (2025-2030): 5,703 tons

Li Xia grew up in rural China without electricity—an experience that inspired her mission to bring power to off-grid communities. In 2016, she founded Solar Run Energy, delivering clean, affordable solar solutions across sub-Saharan Africa, from solar lights to full home systems.

In 2022, she launched Solar Media, bringing solar-powered tablets with educational and vocational content to remote Kenyan villages—impacting over 3,000 people so far.

With support from New Energy Nexus, Li gained mentorship, capital access, and a global platform through the NEX COP28 Climate Tech Accelerator to scale her vision.

 

SWAP Energi (Indonesia)

Emissions (CO2e) reduced (2021-2024): 50,448 tons

SWAP Energi is a pioneering e-mobility start-up focusing on tech-driven swappable energy infrastructure, including portable battery packs, swapping stations, and SMOOT e-motorcycles in Indonesia. The company also developed a user-friendly SWAP Energi app, which helps riders locate stations, track reservations, and receive maintenance alerts.

New Energy Nexus supported them by connecting with investors, assisting with funding documents, and offering acceleration program guidance. As a result, SWAP Energi now operates over 800 swap stations across 14 provinces as of 2023.

Through partnerships with Grab and PLN, SWAP Energi is building an integrated EV ecosystem, advancing the adoption of electric motorcycles in Indonesia’s growing market.

 

xurya 1

Photo from Xurya Daya Indonesia

Xurya (Indonesia)

Emissions (CO2e) reduced (2020-2024): 225,673 tons
Potential emissions mitigated (2025-2030): 570,252 tons

In Indonesia, high upfront costs have long blocked businesses from switching to solar—slowing progress on climate goals and energy affordability. Xurya Daya solves this with an innovative zero-upfront-cost rooftop solar rental model, enabling commercial and industrial clients to access clean power without capital barriers. Xurya is scaling fast—deploying over 170 projects, and mitigating 225,674MT of GHG emissions since we first supported them.

New Energy Nexus, through its Indonesia 1 Fund, co-invested alongside East Ventures, Saratoga, and Schneider Electric in its US$21.5 million Series A round — the largest Series A funding ever raised by a clean energy startup in Indonesia. They have also received extensive support through programs we operate in Indonesia.

What else can be done?

Strong policy support
Governments must create a more conducive environment for climate solutions through procurement, tax incentives, and regulatory clarity—making it easier for entrepreneurs to start and scale their businesses.

Accessible, early-stage capital
Climate innovation is risky, but necessary. Blended finance, catalytic funds, and climate-aligned venture capital can unlock growth where private capital alone won’t go.

Thriving innovation ecosystem
Accelerators, manufacturing hubs, distribution networks, and cross-border partnerships are essential for solutions to move fast and far.


If you’re an entrepreneur with a groundbreaking climate solution, we’re here to support your success. Explore our programs and subscribe to our newsletter to stay ahead of opportunities in the sector.

Explore More
News
Australia
Renewable energy tech
Next-gen battery innovators join first-ever Supercharge Australia Incubator

Sydney, 8 April 2025 – Supercharge Australia is proud to announce the cohort selected for its latest program, the inaugural Supercharge Australia Incubator, designed to accelerate Australia’s lithium battery manufacturing and innovation capabilities through support of early-stage companies in prototype phase.

From battery chemistry breakthroughs and AI-powered energy technologies to materials innovation, recycling, second-life systems, and electrified mobility and infrastructure, this diverse group of startups represents a wave of transformative solutions for Australia’s battery value chain.

“Supercharge Australia aims to dramatically increase the flow of Australian founders and new businesses in the lithium battery value chain that can be supported by and take advantage of new funding programs like the AU$500M Battery Breakthrough Initiative, the AU$15B National Reconstruction Fund and the AU$23B Future Made in Australia program,” said Kirk McDonald, Project Manager for Supercharge Australia.

“This cohort is a great reflection of the breadth and ambition of Australian startup innovation in the battery sector,” said Megan Fisher, CEO of EnergyLab. Strengthening Australia’s innovation capability is critical—not only to securing our clean energy supply chain but also to fostering new companies, future employers, and manufacturers that will drive our economy forward.”

zoom kickoff

The first-ever Supercharge Australia Incubator cohort, during the virtual kickoff.

Meet the 2025 cohort:

  • Adoxima (VIC) – Co-founded by Dr. Vyom Parashar and Kristoffer Collopy, Adoxima produces high-purity metal oxides for battery applications and clean hydrogen as a by-product.
  • CarboPhite (VIC)Dr. Mehrdad Parsa and his team are developing a cutting-edge, cost-effective, and eco-friendly carbon-coating technology for sustainable anode production and enhancing battery performance.
  • InnoVoltIQ Tech (NSW)Dylan Wei Zhang is leveraging existing technology to build an Australian battery and cell manufacturing capability.
  • Li-ion Energy (WA) – Founded by Sarai Ball and Justin Manton, Li-ion Energy is reconditioning, recycling, and transforming lithium battery waste into reusable energy solutions.
  • Naut (NZ) – Led by Fiona Bycroft and Lindsay Faithfull, Naut builds high-powered electric propulsion systems that go into the boat of your choice.
  • Net Zero Engineering Solutions (SA)Portia Rooney is providing consumer-focused bidirectional charging solutions for EVs
  • Noizend (NSW) – Founded by Paul Monsted, Noizend is bringing people together through physics-informed active noise control for battery energy storage systems
  • Powerblocks (NSW)Julie Leung and Robert Mortimer are making energy storage for better communities – safe, modular and beautiful.
  • Sustainable Lithium Cells Australia (QLD) – Founded by Andrew Chadwick, this startup uses second-life batteries to bring affordable energy storage to Australians
  • Voltavate (VIC)Amir Hooshang Taheri is revolutionising battery manufacturing with nanofiber-engineered separators that double battery life, improve safety, and reduce production waste and cost.

Over 12 weeks, the incubator provides hands-on support, strategic guidance, and ecosystem and investor connections for Australian founders building the future of energy storage and electrification. For more information on the Supercharge Australia Incubator, click here.

Supercharge Australia, a joint project of New Energy Nexus and EnergyLab, is accelerating Australia’s lithium battery value chain, catalyzing sovereign capability across the battery supply chain—from critical minerals to manufacturing, deployment, second-life and recycling.

About EnergyLab

EnergyLab is Australia’s largest climate tech startup accelerator and innovation network dedicated to reaching net zero emissions. EnergyLab connects talented founders to the mentors, advisors, partners, peers and investors they need to succeed and has so far supported over 240 startups and 150 aspiring founders through its various programs.

In addition to running 10 programs, EnergyLab operates a climate focused angel platform with a network of over 200 angel investors, a mentor network with over 450 experts, coworking and events space at UTS in Sydney all of these services are leveraged to support the clean energy and decarbonisation startup ecosystem in Australia.

Media contacts:

Kirk McDonald
Project Manager, Supercharge Australia
kirk.mcdonald@newenergynexus.com
+61 412 336 848

Tristan Tremschnig
Global Communications Director, New Energy Nexus
tristan.tremschnig@newenergynexus.com
(based in San Francisco)

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive. NEX has accelerated 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. Since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam.

Follow NEX on LinkedIn, X, Facebook, and YouTube

Story
Philippines
Renewable energy tech
Meet 6 startups scaling clean energy across the Philippines
nexacc

Eva Lisa Adoremos, Senior Vice President of GAIA Corp—a participant of NEXAccelerate Philippines 2025.

While the Philippines’ startup ecosystem is expanding rapidly, clean energy startups remain underrepresented in mainstream acceleration programs.

According to the 2024 ecosystem report by New Energy Nexus (NEX) Philippines, there has been a sixfold increase in clean energy startups, collectively raising nearly $1.3 million. However, 87% of these funds came from grants and competitions, underscoring the sector’s reliance on non-investment-based funding sources.

Recognizing the need for targeted support, NEX Philippines launched NEXAccelerate Philippines 2025, an 8-month program dedicated to helping early-revenue and growth-stage clean energy and climate-tech startups scale their ventures. This year, six startups have joined the cohort, bringing innovative solutions across various sectors, from sustainable mobility to waste management and energy analytics.

Meet the startups with brilliant solutions in a country brimming with clean energy potential:

  • Lycan Motorcycles – Lycan Motorcycles is a 100% Filipino-owner electric vehicle (EV) company that designs, engineers and manufactures bespoke electric motorcycles and energy systems. They are the first to develop an AI- and IoT-enabled motorbike in the country.
  • Hive Energy PH – Hive Energy PH offers renewable energy-powered portable power stations as back-up power for island communities and businesses.
  • GAIA Corp – Focused on climate adaptation, GAIA’s CoolRoof Program is a geoengineering approach that mitigates heat gain by applying reflective coatings on buildings to reduce indoor temperatures and lower energy consumption.
  • Next2Fly – They provide a waste management solution through the use of black soldier flies. Next2Fly transforms organic waste into valuable resources such as larvae for animal feed and organic fertilizers.
  • Light of Hope  –  Light of Hope brings its renewable energy (RE)-powered cloud grid units to off-grid communities as a source for backup power and alternative energy.
  • Bayoa Analytics – Specializing in energy data modeling, Bayoa provides businesses with insights on energy trends and forecasts. Their expertise extends to hardware design (schematics, board designs, and prototyping) and software development, helping clients optimize energy consumption and efficiency.
lycan

Photo from Lycan Motorcycles, a participant of NEXAccelerate Philippines 2025

The impact of acceleration programs on clean energy innovation in the Philippines

Startup accelerators like NEXAccelerate Philippines are key to driving clean energy innovation. By providing mentorship, funding access, and business development support, they help startups tackle capital constraints, regulatory challenges, and market barriers.

This year’s cohort—Lycan Motorcycles advancing EV adoption, GAIA enhancing climate resilience with reflective tech, and Next2Fly innovating waste management through circular economy principles—are solving urgent environmental challenges. The program isn’t just about scaling startups; it’s about accelerating the Philippines’ energy transition through homegrown solutions.

With sustained support from investors, policymakers, and industry leaders, initiatives like NEXAccelerate are bridging the funding gap, strengthening ecosystems, and unlocking opportunities for climate-focused entrepreneurs—powering a cleaner, more resilient future.

NEXAccelerate Philippines 2025

The Philippines’ clean energy startup ecosystem is gaining momentum, with more entrepreneurs developing solutions to tackle climate change and advance the energy transition.

NEXAccelerate Philippines empowers startups with the skills, networks, and resources to secure investment and scale. The program includes tailored learning on fundraising and market expansion, expert mentorship, strategic networking, and pitching opportunities to investors and partners.

Explore More
News
Philippines
Energy Access
New Energy Nexus Philippines and EcoSolutions Philippines partner to boost solar energy adoption

Manila, Philippines – New Energy Nexus (NEX) Philippines and solar energy company EcoSolutions Philippines have officially signed a Partnership Agreement to accelerate solar energy adoption and workforce development in the Philippines.

This collaboration marks a significant milestone in advancing the country’s renewable energy sector. By joining forces, NEX Philippines, New Energy Academy, and EcoSolutions Philippines aim to enhance practical solar installation training across the Philippines, equipping individuals with hands-on experience in solar technology.

“This partnership represents a shared vision of empowering individuals and communities through clean energy solutions,” said NEX Philippines Country Director Brenda Valerio. “By leveraging our expertise and resources, we aim to create more opportunities for Filipinos in the solar industry.”

The partnership also seeks to increase market awareness, adoption and access to innovative and efficient solar technologies nationwide. As part of this effort, EcoSolutions will provide solar panel demo units for training purposes, which will be distributed among multiple training partners of the New Energy Academy, New Energy Nexus’ solar training program. Additionally, the partnership will sponsor solar installation training scholarships to support aspiring solar professionals and entrepreneurs. Through these initiatives, both organizations aim to develop a skilled workforce, foster job creation, and strengthen their roles in the Philippine renewable energy ecosystem.

nexacc 032

Mariah Brenda Valerio, Country Director at New Energy Nexus Philippines and EcoSolutions Philippines President, Mr. Richmond Royce V. Reyes, sign the Partnership Agreement.

The official signing ceremony was attended by key representatives from both organizations, with Valerio and EcoSolutions Philippines President Richmond Royce V. Reyes as signatories of the agreement.

nexacc 360

Sheryl Estella (Academy Manager, New Energy Academy) and Ivan Fredriech L. Cano (Marketing Head, EcoSolutions Philippines) show support during the signing of the Partnership Agreement.

The partnership between New Energy Nexus Philippines and EcoSolutions Philippines is set to roll out various initiatives in the coming months, including specialized training programs and industry engagement activities to drive greater adoption of solar energy solutions across the country.


About New Energy Academy

New Energy Academy is a solar training institution dedicated to developing skilled professionals in the renewable energy sector. It was founded in collaboration with New Energy Nexus, Global Sustainable Energy Solutions (GSES) and OpenSolar, as a response to the rapidly growing solar industry.

About EcoSolutions Philippines

EcoSolutions Philippines, a trade name under R.A.R. Ventures Incorporated, specializes in solar panel system distribution, installation, and cleaning services for both residential and commercial properties in the Philippines.

Media contacts:

Dayther Manubag
Communications Lead, New Energy Nexus Philippines
dayther.manubag@newenergynexus.com
(Based in Manila)

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive. NEX has accelerated 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. Since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam.

Follow NEX on LinkedIn, X, Facebook, and YouTube

Story
California
Renewable energy tech
Eight startups powering California’s clean energy future

Oakland, CA, 17 March 2025 – The California Sustainable Energy Entrepreneur Development (CalSEED) program is proud to celebrate the seventh annual Prototype Awards by recognizing eight groundbreaking companies: ThermoShade, Sunchem, Project K Energy, Westwood Aerogel, Sperra, Activated Energy, ExPost Technology, and Aepnus Technology. Selected through a rigorous business plan competition, each company stood out for its bold ideas and potential to transform California’s energy landscape — earning $500,000 to bring innovations closer to reality.

The business plan competition is closely coordinated with Cleantech Open (CTO). Eligible CalSEED Concept Awardees participate in CTO’s accelerator program, gaining valuable tools, insights, and mentorship to shape their business plans and pitches.

“This year’s winners are solving some of the toughest challenges facing our energy system,” said Joy Larson, Program Director of CalSEED, a program of New Energy Nexus. “From decarbonizing industrial heat to unlocking new ways to store and move energy, these teams represent the passion, ingenuity, and diversity of California’s clean energy community.”

Companies submitted business plans and pitched their ideas to panels of judges representing expertise in building start-ups, experience with industry-specific commercialization, and ability to evaluate rate-payer benefits.

The 2025 Prototype Awardees are working on technologies that address urgent needs for a more resilient and equitable energy system:

  • Activated Energy is creating a solid-state carbon dioxide storage technology that uses sustainable materials to build scalable, compact energy storage systems. Their solution is non-toxic, non-flammable, and carbon-negative, providing a safer alternative to conventional energy storage while enhancing grid resilience.
  • Aepnus Technology is designing low-cost electrolysis equipment to electrify and decarbonize the production of critical commodity chemicals, including lithium salts, hydrochloric acid, and caustic soda. Their technology supports the domestic production of key materials needed for the energy transition.
  • ExPost Technology is developing next-generation recycling and upcycling processes for lithium-ion batteries, helping to recover valuable materials and support a circular economy for battery production.
  • Project K Energy is developing potassium-ion batteries — a lithium-free, low-cost, and long-lived solution for grid-scale energy storage. Their technology uses abundant potassium materials to provide affordable, energy-efficient storage at scale. Project K Energy is partnered with the U.S. Department of Energy’s ARPA-E and the California Energy Commission to bring this next-generation battery technology to market.
  • Sperra (formerly RCAM Technologies) is developing Marine Pumped Hydroelectric (MPH) Storage pods that integrate with California’s floating offshore wind farms. This long-duration energy storage solution uses 3D-printed concrete spheres on the seafloor to store and release electricity, enabling reliable renewable energy delivery.
  • Sunchem is advancing nanotechnology-based filtration systems to selectively extract critical metals from complex water mixtures, helping industries improve water quality while recovering Sunchem’s valuable materials from waste streams.
  • ThermoShade is piloting patent-pending composite panels that integrate multiple passive cooling technologies, including phase change materials, to reduce building cooling costs and energy consumption. The panels can be affixed to an outdoor structure and create a shady space that feels up to 20°F cooler than under a basic awning and can replace shade structures, fans, and evaporative cooling solutions.
  • Westwood Aerogel is pioneering advanced aerogel insulation materials using a novel ambient drying process. Their continuous production method significantly reduces energy consumption compared to traditional aerogel manufacturing, making high-performance insulation more accessible and sustainable.

“We are honored to receive the Prototype Award, which supports the development of California’s first lithium battery direct recycling/upcycling pilot line,” said Benson Lam, CEO of ExPost. “This funding accelerates ExPost’s mission to commercialize an economical, environmentally friendly direct recycling technology—helping to build a circular battery economy and reinforce California’s leadership in clean energy.”

“We express our sincere gratitude to the California Energy Commission (CEC) and CalSEED for their generous funding of Activated Energy’s long-duration energy storage system,” said Cullen Quine, co-founder of Activated Energy. “This support will significantly enhance community-scale grid resilience during severe weather events and enable more efficient energy load shifting for electric utilities across California, contributing to a more reliable and sustainable energy future.”

CalSEED is a program of the New Energy Nexus, a global clean energy entrepreneur support network. It is funded through the California Energy Commission’s EPIC program, which invests approximately $130 million annually to advance clean energy technologies that benefit California’s ratepayers and communities.

The CalSEED community includes over 165 startups inventing new energy solutions, creating good jobs, and building a cleaner, more equitable energy system for all.

Explore More
News
Renewable energy tech
Hong Kong-based utility Towngas launches 4th TERA Award in partnership with NEX

Hong Kong, 24 February 2025 – Hong Kong-based utility Towngas, in partnership with New Energy Nexus (NEX), has launched the 4th TERA Award, a global initiative to identify and recognize exceptional, innovative green technologies and solutions that are poised for the future.

Through the competition, the organizers will offer the application scenarios, funding opportunities and resources to the entries with potential, helping them to bring their innovative ideas to fruition and achieve commercial success.

The prize of the award is US$1 million for the first-place winner, while runner up and third prize will receive US$100,000 and US$50,000.

Hong Kong skyline

Hong Kong skyline

Application categories include:

  • Renewable Energy: Solar Energy, Wind Energy, Geothermal Energy, Biomass Energy
  • Energy Storage and Conversion: Electrochemical energy storage, Physical Energy, Energy conversion technologies,Thermal solutions (e.g air source heat pumps)
  • CCUS Technology: Carbon Capture, Carbon Utilization, Carbon Storage, Methane Emissions Control
  • Green fuel & hydrogen energy: Sustainable biomass processing tech, Sustainable aviation fuel (SAF), Green methanol, Hydrogen production, transmission and storage, Hydrogen energy applications
  • Intelligent Energy Systems: Energy Internet, Virtual Power Plant, Energy management
  • Smart City: Green Smart Kitchens, Home Energy Management Solutions, Green City Planning (e.g. Green Transportation, Green Buildings, Waste Management, Air Quality Management)

In its past three editions, Tera-Award has attracted applications from 933 green tech start-ups across 59 countries and regions, thereby establishing a significant impact within the global energy innovation ecosystem.

New Energy Nexus China has been supporting Tera-Award for three years. Every year, we link global ecological partner resources, fully support the recruitment and promotion of the competition, and jointly accelerate the implementation of advanced green energy technologies.

The application window is until April 9th, 2025. Apply now for US$1 million for Gold Prize, and chance to accelerate with Towngas energy sandbox!

Media contacts:

Tristan Tremschnig
Global Communications Director, New Energy Nexus
tristan.tremschnig@newenergynexus.com 
(Based in San Francisco)

About New Energy Nexus

New Energy Nexus (NEX) is an international organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with accelerators, funds, skills, and networks they need to thrive. NEX has accelerated 1,400 startups, empowered over 9,500 entrepreneurs, and mobilized over US$3.7 billion in investment. Since its founding in California in 2004, NEX now operates programs or advisory services in Australia, China, India, Indonesia, Nigeria, Pakistan, the Philippines, Thailand, the UAE, Uganda, the USA (California and New York), and Vietnam.

Follow NEX on LinkedIn, X, Facebook, and YouTube

Story
California
Renewable energy tech
State of clean energy in 2025: Six insights from California’s clean energy leaders 

main image

85 cross-sector leaders driving clean energy innovation convene around exciting opportunities, daunting challenges, and innovative solutions from the Golden State and beyond.

In late January, 85 policymakers, industry leaders, labor organizers, nonprofit representatives, and government officials gathered under the shadow of the Golden Gate Bridge for a candid discussion of the opportunities and challenges facing the clean energy industry in our state.

California is in an exciting place to be working in clean energy:

  • In 2024, 54% of CA’s electricity is renewable or emits no greenhouse gases, compared to 40% for the US. (Source)
  • California had 100 days in 2024  with 100% carbon-free, renewable electricity for at least a part of each day. Thanks to new clean energy resources and the surge in battery storage, the state’s power grid withstood July’s record two-week heat wave – and even exported power to other states. (Source)
  • At 10,379 megawatts, the state has increased battery capacity by 1,250% – up from 770 MW in 2019. (Source)

“There’s a whole lot of potential to use the industrial policy instincts to continue to move the ball, but it will need different vocabulary than traditional climate policy advocates have used in the past,” one leader explained about the changing nature of policy in Washington.

Candid comments and bold calls to action are common at the Clean Energy Business Roundtable because the convening operates under Chatham House rules to encourage open, high-trust conversations. This is why no one is directly quoted in this article. New Energy Nexus hosts the annual event to create connections and generate ideas between the top minds in California’s clean energy ecosystem.

The scale and urgency of the challenges facing clean energy in California weighed on the gathering. With the fires in Los Angeles and Washington DC’s rapidly changing political climate, the future looks uncertain and daunting, yet there’s an opportunity to collaborate strategically.

There was a sense of optimism as leaders pressed the importance of the clean energy industry, showing up with authority and empathy and leading the energy conversation.

“We have to make sure we are leading with our heart.”

What would that look like? Here are some of the opportunities and solutions discussed during the event

Tackling the affordability crisis through cutting red tape

affordability

Industry leaders continuously lamented California’s onerous and complex permitting process. Battery manufacturers are innovating in California’s universities and labs, harvesting lithium from California’s underground brine (the largest reserve in the nation) and taking those components overseas to be assembled into batteries only to be shipped back. Startups lack the capital and wiggle room to build big facilities, and larger companies don’t see California as a profitable place to do big industry. There was a consistent drumbeat of pleas from industry and labor leaders to the legislators in the room to address this issue.

“Energy is for people in our society. It’s about avoiding rolling blackouts. It shouldn’t be a policy innovation exercise or market optimization.”

One leader pitched the idea of forming county-level teams of experts to help companies navigate regulation since many lack in-house expertise, helping California attract and retain clean energy companies and becoming more attractive than surrounding states or overseas markets.

Beefing up grid resilience and safety

grid reliability

In the wake of the devastating fires in Los Angeles, balancing grid safety with community needs was top of mind. Utility representatives toted advancements in vegetation management and powerline monitoring using drones and AI. Despite all these improvements, representatives and ratepayers voiced frustrations over the prolonged and frequent power safety shut-offs while costs continue to rise.

Leaders suggested undergrounding power lines as a costly but reasonable solution when strategically deployed. There was an example of a utility providing ratepayers in vulnerable areas with generators to help during the safety shut-offs. Microgrids are another solution to help rural customers become more power resilient.

“Utilities are in an impossible situation. It hasn’t rained in Southern California in nine months… We have to be willing to say that if you live in different places, it’s a different reliability framework.”

Last month, The United States Department of Energy announced a $15 billion loan to Pacific Gas and Electric to expand hydropower, improve distribution, increase battery storage, and set up virtual power plants. This move was generally lauded across the gathering as a massive win for ratepayers, who will get improved services and save thousands of dollars in interest over the life of the loan.

Streamlining the fragmented EV charging infrastructure

charging infastructures

Most attendees agreed the current state of EV charging in California is a significant barrier to driving further EV adoption and avoiding a plateau. Attendees shared stories of banks of broken chargers, poorly lit stations, too many apps, and terrible or non-existent customer service. Additionally, there’s not enough investment going to simple solutions, like freeway signs pointing to chargers like we do for gas stations.

“If you’re looking for something transformational with limited funds, we have a strong fast charger backbone, which is where we should focus. With our limited time to combat climate change, we need a reliable public network.”

A big light-bulb moment came when a leader pointed out that charging companies don’t think of the end-user as their primary customer. They’re focused on the agencies giving them grant money and the site owners housing the units. There’s no motivation to think about the customer experience piece. It’s just not part of the current business model. That could change as big retailers, like Walmart, get into the charging space and build networks located at their stores.

Building big in California

build in california

Growing a clean energy business in the Golden State presents risks and rewards, including access to critical minerals. The Imperial Valley boasts the richest lithium reserves in the nation, making it a prime location for battery manufacturing. Labor groups are urging policymakers to develop in this region to create high-quality jobs in an often-overlooked community.

“This is an opportunity to not just help the residents of Imperial, but all of California.”

Despite these advantages, many battery manufacturers are looking to neighboring Nevada, where permitting is faster and the tax burden less. These factors are critical considerations for California lawmakers as they work to retain manufacturers. One proposed solution is to complete California Environmental Quality Act (CEQA) reviews in advance, reducing permitting delays and expediting projects.

Manufacturing forgoing the California opportunity has a significant impact on the California workforce. Experts emphasized that labor and community benefits must be at the forefront of industrial policy to accelerate the energy transition and strengthen the economy. This means pushing for policies like a decreased tax burden on tools and infrastructures and a more streamlined permitting process.

“The key here is to shift our thinking around labor and community partnerships—not as barriers to growth, but as catalysts for progress. But it requires commitment.”

Banding together and doubling down to continue momentum

coming together

One of the main benefits of this gathering was getting everyone in the same room to share experiences, expertise, resources, and ideas. Everyone agreed California sets the pace for the energy transition, and we must work together to get the job done. Clean energy leaders pointed to the immense opportunity for the industry to take a more significant role in garnering support from government officials and investing strategically in crafting more effective policies.

Oil and gas spent $110M lobbying government officials in 2024 [source], compared to $46M spent by renewable energy groups [source]. If the clean energy industry wants to keep up the momentum we’ve gained over the past 10 years, we’ll need to come together and double down on our investments.

“Politics is very much like surfing. In surfing, you cannot manufacture the wave. If you’re on the beach looking at the wave, you’re not riding the wave. Clean energy is standing on the beach.
Why do we have subsidy after subsidy for oil and gas? It’s not magic. It’s politics.”

Wrapping it up

California’s transition to a green industrial economy presents both challenges and opportunities.

By addressing affordability, reliability, and equity concerns, California can continue to serve as a model for a sustainable future if leaders collaborate and prevent politics from interfering with incremental change.

Ultimately, it will take everyone working on the problems from all fronts to usher in a just energy transition. This gathering showed the power and promise of getting the best minds together to work on solutions – this next year will show if the clean energy industry can make good on those promises.

Subscribe to our California chapter newsletter for more clean energy insights and opportunities.

Explore More
Story
Renewable energy tech
Groundbreaking battery tech startups win LG Energy Solution Battery Challenge
Promotional image for the 2024 LG Energy Solution Battery Challenge.

Promotional image for the 2024 LG Energy Solution Battery Challenge.

From recycling EV batteries to boosting battery performance, the 2024 LG Energy Solution Battery Challenge previews an exciting future for battery technology.

In partnership between New Energy Nexus and LG Energy Solution, the project attracted 141 companies worldwide, with 19 advancing to the interview stage. This year’s winners—Evyon and Iontra—each stood out with breakthrough products that could reshape the clean energy space. The winners are set to receive cash prizes and embark on pilot projects in collaboration with LG Energy Solution.

Evyon: Unlocking the potential of second-life batteries
Evyon

The team at Evyon. Photo from Evyon

Founded in 2020, Evyon transforms spent EV batteries into high-value, modular and safe energy storage systems. Their proprietary hardware and Battery Cloud ecosystem repurpose EV battery modules into certified modular storage solutions for renewable energy applications.

Since being founded in Oslo in 2020, Evyon has delivered almost 1000 second-life battery modules across six countries, providing close to 10 MWh of energy storage across 25 projects, preventing 50 tonnes of battery waste, and avoiding 1000 tonnes of CO₂ emissions compared to using new battery cells.

Potential impact

  • CO2 Reduction: Reusing EV batteries cuts lifecycle emissions by up to 85%.
  • Waste Minimization: Repurposing prevents batteries from becoming waste, supporting a circular economy.
  • Energy Transition: Provides affordable, reliable energy storage, accelerating the shift to renewable energy.

Why they won
Their innovative approach to battery repurposing opens opportunities for collaboration with LG Energy Solution. Their pilot project focuses on scaling modular energy storage systems across Europe, with long-term ambitions to expand globally.

Photo from Evyon

Photo from Evyon

Iontra: Revolutionizing battery charging technology

Based in Colorado, USA, Iontra has developed a pioneering charging technology that enhances lithium-ion battery performance, safety, and lifespan. Utilizing electrodynamic principles, their patented charge control technology reduces degradation and maximizes efficiency, resulting in faster charging, longer battery life, and healthier batteries.

Potential impact

  • Battery Efficiency: Iontra’s technology can double, and in some cases triple, the lifespan of batteries.
  • 2nd and 3rd Use: By keeping batteries healthy, Iontra enables batteries to be more easily qualified and used for 2nd and 3rd life applications
  • Environmental Benefits: Fewer battery replacements and reduced material demand lower CO2 emissions and waste.
  • Market Transformation: Applications range from consumer electronics to electric vehicles, addressing challenges like cold-weather performance and battery lifecycle management.

Why they won
Iontra’s persistence and innovation paid off in the application process to the LG Energy Solution Battery Challenge. Iontra refined and customized their advanced charging technology to present a solution that secured the winner’s spot. This collaboration with LG Energy Solution opens avenues for deeper integration of Iontra’s various solutions into LG’s manufacturing and product ecosystems.

Photo from Iontra

Photo from Iontra

The partnership behind the Battery Challenge

The 2024 Challenge marked the fourth time New Energy Nexus has partnered with LG Energy Solution to host this challenge.

Leveraging our global network of clean energy startups, we have scouted and recruited over 600 enterprises worldwide for the Challenge since its inception. By fostering industry connections and curating a platform for impactful discussions, NEX has empowered over 40 companies—which will now include Evyon and Iontra—to access invaluable investment opportunities through the Challenge.

Moving forward, this collaboration between NEX and LG Energy Solution will continue to advance clean energy innovation across the world, showcase amazing battery technologies globally, and drive a sustainable future through a steady stream of brilliant solutions.

Explore More
Story
California
Energy Finance
ConNEX: How to secure and use alternative venture capital for clean energy startups

Clean energy entrepreneurs are all too familiar with the constant shifts and uncertainties in the funding landscape. Recent changes in federal policy have made it more challenging for many to secure the capital needed to advance their innovations. However, many funders are still interested in backing clean energy projects.

In a virtual workshop hosted by New Energy Nexus and Momentum, experts examined the current clean energy funding landscape and offered concrete recommendations for entrepreneurs seeking to scale over the next four years, looking beyond the traditional Venture Capital landscape.

While uncertainty is everywhere, Dr. Mark Hartney from Breakthrough Energy Ventures is hopeful. It’s not his first time facing a massive shift in federal priorities. Eight years ago, he worked at Stanford on a program funded mainly by federal grants. When Trump took office, federal funding dried up, forcing them to look elsewhere and get creative, but they didn’t slow down or stop work.

“The reality is that the economic interests are all pointing towards renewables as the cheapest power we’re ever going to find. Plenty of people are looking at innovative climate solutions, whether it’s carbon capture or crop science or biotechnology,” said Hartney, “There are so many things that prevent present compelling opportunities for the future that it’s economics that drives decision-making in the real world. It’s not politics.”

So, what exactly is alternative VC? It encompasses a range of non-dilutive funding options, from federal grants and university programs to more creative VC models that offer additional support beyond just capital. Derrick Tang from the California Infrastructure Bank (iBANK) shared examples of funds like Indie VC BBG VenturesSeae Ventures, and Unshackled Ventures, which incorporate unique features like equity buyback options and immigration support for founders.

The key advantage of exploring alternative VC is the ability to align your business trajectory with your investors’ goals and timelines. As Dave Smith from Enduring Planet emphasized, it is crucial to ensure that your funders’ return profiles and exit expectations match your company’s natural progression.

“[You need to] understand your best case scenarios, what happens if you get paid on time, but also having a deep and robust look at your financial model and understanding of what happens when you need to start cutting back,” explained Smith. “It’s much easier to find funding when you don’t have three days of runway left. Having a well-built financial and impact model is essential to be able to show investors.”

To that point, Enduring Planet has a Fractional CFO business that builds these models for startups. Enduring Planet is offering a free month of Fractional CFO services or half-off the loan origination fee to members of​​ the New Energy Nexus network. To start the conversation, email dave@enduringplanet.com. By diversifying your funding sources, you can reduce reliance on traditional VC and access mission-driven capital that prioritizes impact alongside financial returns.

So, what can clean energy startups do to strengthen their readiness and stand out? The panelists offered three actionable steps:

  • Conduct discovery on potential alternative funders. Understand their priorities, investment criteria, and sweet spots, then tailor your pitch to highlight what matters most to them.
  • Build relationships with funding agencies early. Connect with program managers before solicitations are released and provide input to shape programs that fit your needs.
  • Stay authentic to your mission and values. Don’t compromise your core focus just to match a funder’s preferences. When pitching, emphasize your passion and conviction.

“If you hit those points with passion and clear conviction, that will shine through,” said Tang. “And it’s similar for government grants. The earlier you get to know the people at the agency that helped make grant programs, ideally before solicitations are out, the better.”

As the funding landscape evolves, embracing alternative VC can provide clean energy startups with valuable non-dilutive support and a pathway to scale their impact.

This story was originally posted by CalSEED.fund, our program in California.

Explore More