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.

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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.

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California
Renewable energy tech
CalSEED stories: Diversifying battery materials with Enzinc

Move over Lithium. Hello Zinc!

Lithium-ion batteries have ruled the battery space since 1980 and makeup 90% of the batteries in use today. While lithium batteries have many advantages, there are also challenges with their production, concerns about the availability of lithium, safety issues related to overheating and fires, and environmental considerations regarding mining and disposal.

As a result, researchers are actively exploring alternative battery chemistries, such as zinc-based batteries like the one developed by Enzinc, to address some of these challenges and diversify the options available for energy storage. Zinc is the fourth most produced metal in the world in terms of tonnage. While lithium is less abundant and typically found in specific geological formations, much of which is not economically viable for mining.

Enzinc’s Zinc rethink

The team at Enzinc stands at the forefront of this movement with their 3D zinc micro sponge. It is a metal-based sponge with tiny pores that effectively eradicates dendrite growth – a term used to describe the formation of needle-like structures that can cause short circuits in batteries. This breakthrough overcomes the limitations of traditional zinc batteries, which had limited cycles before failure, offering exceptional durability and efficiency. The innovation provides a significantly large surface area, delivering energy comparable to lithium-ion batteries. Enzinc’s water-based electrolyte widens the temperature range of the batteries, eliminating the need for external cooling or heating systems.

‘Without scalable batteries, we cannot achieve a green grid or widespread adoption of electric vehicles. Enzinc’s breakthrough technology paves the way for a sustainable future.”

Enzinc’s technology is a game-changer, not just for one industry but for many sectors. Its applications are as diverse as they are impressive, from mobile devices to stationary energy storage. This versatility makes Enzinc a solution for various industries, including electric vehicles, data centers, and residential energy storage.

“The mission of Enzinc is to democratize energy storage. We feel that energy storage is necessary for the clean energy revolution. It’s the foundation, and yet existing technologies either do not have the energy necessary, or they’re just too expensive, or they don’t meet the ethos of recyclability. And that’s what we want to do: deliver high-performance recyclable and affordable energy worldwide.”

Enzinc’s groundbreaking work has not gone unnoticed. It has been recognized and supported by some of the most prestigious entities in the industry. From the CalSEED Concept and Prototype awards to the BRIDGE award from the California Energy Commission, EnZinc’s achievements speak for themselves. Their work has also received support from ARPA-E’s RANGE Program, further validating the credibility and potential of their technology.

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

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Vietnam
Built Environment
Women
How women entrepreneurs are building Mekong Delta’s climate resilience
Vietnamese farmer in Mekong Delta

A Vietnamese farmer cuts rice and harvests rice in the Mekong Delta.

Climate change is having a huge impact in Vietnam’s Mekong Delta. The region is sinking 1.1 centimeters every year, and farmers are struggling with inconsistent weather cycles.

In response, its agricultural sector is embracing climate adaptation, powered by brilliant women entrepreneurs whose products are helping the region build resilience.

Through the Deltaccelerate program, funded by the Australian Government and managed by New Energy Nexus, six women entrepreneurs with climate-adaptive products received up to VND 1 billion (over US$39,000) to scale their businesses and strengthen their sustainable practices. These entrepreneurs were selected out of 14 competitive participants, all of whom underwent tailored training and gained networking opportunities.

This program follows a positive trend for diversity in the country’s private sector. Women now own over 20 percent of small- and medium-sized enterprises (SMEs) in the country. As they rise in numbers, so does their role in shaping the future of sustainable business in Vietnam.

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The six women entrepreneurs receiving funding from the Deltaccelerate program.

Whether they’re using coffee to make mugs, or cat houses from water hyacinth, here are the women-led businesses at the forefront of climate innovation in the Mekong Delta:

Mekong Coconut Oil Company Limited (Cocovie)

Founded by Hoang Thanh Thuy, the company produces quality cosmetic and food products made from coconut oil in the Ben Tre province. They have been utilizing and preserving over 10,000 hectares of coconut trees, estimated to have absorbed 75,000 tons of CO2.

Cau Ke Macapuno Coconut Processing Co., Ltd (VICOSAP)

Lam Ngoc Tu’s business uses macapuno coconuts to produce confectionery, baking ingredients and drinks. Cultivated by the Khmer community of Tra Vinh province, macapuno coconuts are known for their high saline tolerance—making them an ideal climate-adaptive crop.

Palmania JSC

Co-founded by Chau Ngoc Diu, the company produces Palmania, an organic sugar substitute made of sweet nectar from palmyra trees in An Giang province. The business provides jobs to indigenous farmers and taps palmyra trees in a way that does not shorten the trees’ 100-year lifespan.

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Ben Tre Village in the Mekong Delta.

AirXCarbon/Veritas Vietnam JSC

Represented by Chief Strategic Officer Tran Thanh Thao, AirXCarbon turns materials such as coffee grounds, rice, and coconut husks into bioplastics, used to make zero-carbon products ranging from mugs to alternative packaging.

Dam Doi Sesarmid Cooperative

Tran Thi Xa’s business produces a wide range of sustainable products made from sesarmids and shrimps caught in the Ca Mau province.

Ecoka JSC

Led by Quang Chan Chan, this company manufactures and distributes handicrafts made entirely from natural materials in the Ha Giang province—including water hyacinth, bulrush, rattan, bamboo, and macrame. Their products include bags, coasters, and even cat houses.


About Deltaccelerate

Deltaccelerate is made possible by a unique partnership between the Australian Government and New Energy Nexus through the Business Partnerships Platform (BPP) Climate Adaptation Partnerships in the Mekong Delta, announced in November 2023.

Deltaccelerate is a business accelerator funded by the Australian Government providing direct support, tailored training, and networking opportunities for enterprises that work in the Mekong Delta’s agricultural sector, which are led by or significantly benefit women and contribute to the sector’s resilience to climate adaptation.

The Partnerships are part of the Australian Government’s AU$94.5 million investments for climate change adaptation in the Mekong Delta.

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California
Renewable energy tech
Announcing CalSEED Cohort 7: Powering California’s Clean Energy Future

We’re excited to present the seventh cohort of CalSEED Concept Awardees—early-stage innovators ready to help reshape California’s energy landscape. After a rigorous five-month selection process, CalSEED Cohort 7 was chosen from nearly 100 applicants, each bringing a unique approach to solving California’s biggest energy challenges. Each awardee will receive a $200K grant to develop their concepts.

Our mission was clear: identify clean energy technologies with the potential to benefit California’s electricity ratepayers and support the state’s ambitious energy and climate goals. To achieve this, we launched a comprehensive outreach campaign in March 2024, reaching innovators through virtual info sessions, webinars, and targeted social media while highlighting the journeys of past CalSEED awardees. This year’s focus centered on four essential technology areas:

  1. Battery circularity – Innovations in recycling, reuse, and sourcing alternative materials for EV batteries.
  2. Long-duration energy storage – Affordable, safe, and long-lasting solutions for energy storage during periods when wind and solar aren’t generated.
  3. Electrifying medium- and heavy-duty vehicles – Technologies that drive transportation electrification at a larger scale, replacing diesel trucks, buses, and other commercial vehicles with zero-emission electric models to reduce air pollution.
  4. End-use electrification – Advanced solutions to electrify industrial processes, EV charging, and next-generation heat pumps.

To ensure we selected the best, CalSEED employed a two-step application process. Applicants first submitted a preliminary application, and those meeting our eligibility requirements advanced to a full application stage. Of the initial 97 applications, only 28 met the rigorous screening criteria, including alignment with EPIC objectives, a California base, and a funding cap under $1 million. The most common reason for disqualification? Misalignment with our targeted technology areas, proving just how competitive this year’s cohort was.

A distinguished review committee of experts—from industry leaders to representatives from California’s top energy agencies—scored the full applications on Innovation, Social Impact & Energy Equity, and Team & Approach. After weeks of careful evaluation, the top-scoring innovations rose to the top, culminating in a final selection meeting in July.

CalSEED Cohort 7 Concept Awardees are pioneering technologies accelerating California’s journey toward a sustainable, zero-emission future. Each project promises to drive tangible benefits for California communities, creating jobs, improving energy equity, and addressing critical gaps in the clean energy landscape.

You can watch the California Energy Commission business meeting where the awards where approved and listen to the positive public comments about the importance and impact of this program.

So join us in welcoming the newest CalSEED companies shaping the future of energy in California!

screenshot 2024 12 24 at 23.13.24

17, Inc.

17, Inc. is building small, portable systems that use excess intermittent clean energy to produce green ammonia, a zero-carbon fuel. These systems can be placed right at the wind or solar power plants and the ammonia can be stored and transported. this technology will allow distributed, autonomously operated production units that can be turned off overnight to fit diurnal/intermittent clean energy without large batteries, extensive hydrogen storage, or grid power.

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AmpTrans Inc.

AmpTrans Inc. building IntelliCharge, a medium and heavy-duty electric fleet charging optimization platform. It will help manage the charging of large groups of electric trucks using artificial intelligence (Al) to balance when the trucks need charging with when the grid is busiest, using solar energy and battery storage to reduce energy costs. IntelliCharge will make charging easier and help reduce pollution by making electric trucks more efficient, while keeping the grid stable.

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Aris Hydronics

Aris Hydronics is building a smart heating, cooling, and hot water system for multi-family buildings. The ARIS Thermal Plant Pod combines these functions into one system, using heat pumps, storage tanks, and controls to efficiently manage energy. It adjusts to each apartment’s needs, saving energy and money. The system is modular and easy to install, reducing the number of heat pumps needed.

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Calectra

Calectra is building a thermal storage system with special heat-storing bricks that can reach super-high temperatures using electricity instead of burning fuels. The system will provide low cost, high-temperature (700-1600°C) process heat by achieving an 1800°C thermal storage temperature, maximizing the brick material lifetime, and using a simple, air-based heat transfer system. The heat stored in these bricks can be transferred to factories for making things like steel and cement.

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Coulomb Technology, Inc.

Coulomb Technology, Inc. is developing a zinc-ion based battery energy storage system to support medium- and heavy-duty vehicle charging stations. The zinc-ion batteries don’t catch fire like lithium-ion ones and can handle high power safely. The team is testing and improving the battery design to last longer, charge faster, and expects to provide energy storage at half the cost of lithium iron phosphate batteries while increasing the energy density by 50% over standard zinc-based battery chemistries.

screenshot 2024 12 25 at 00.30.43

Cryodrives, LLC

CRYODRIVES is building a heavy-duty variable frequency electric drive system that will replace a diesel engine in heavy duty truck/trailer applications. It will allow operators to check the trailer’s performance remotely and be strong enough for tough road use. This innovation has the potential to replace over 50,000 diesel pony-auxiliary motors on heavy duty trailers with reliable heavy duty electric drives to eliminate carbon, particulate, and NOx and SOx emissions.

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Eco Recycle Tech

Eco Recycle Tech is designing a new solid-state lithium-ion battery cell and pack that facilitates easy repair, repurposing, and automated disassembly of the pack and cell without shredding. By eliminating adhesives and preserving the electrode structure, this approach is expected to reduce production costs by 30% and slash greenhouse gas emissions by sixfold compared to traditional recycling methods.

screenshot 2024 12 25 at 00.56.26

KVA Technologies

KVA Technologies is developing integrated thermal processing methods for additive manufacturing and welding of high performance alloys which can enhance material properties and uniformity. It uses electricity to only heat specific areas of a metal system needed to optimize mechanical and physical properties – significantly reducing the need for emission-heavy thermal processing resulting in less energy, emissions, time and costs during manufacturing and over a product’s lifecycle.

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Gridwave

GRIDWAVE is building modular solar-powered charging stations for electric medium- and heavy-duty vehicles. These stations are easy to set up, can connect to each other, and use smart technology to manage energy use. They include solar panels, batteries, and advanced controls to avoid overloading buildings or the electrical grid. The goal is to make charging stations that are affordable, reliable, and expandable as fleets grow, saving money on electrical upgrades.

Manara Materials LLC

MANARA is developing a method to recover over 99% of high-purity nickel and vanadium from California’s spent catalyst oil refinery waste. It is a closed-loop solution to recover metals that are used to manufacture high energy density sodium-ion cathode material for energy storage applications. The recovery of these battery materials will also reduce costs associated with the disposal of hazardous material while securing a domestic supply of critical battery materials.

Navion Energy

Navion Energy is building an onsite rapid charging system using sodium batteries to deliver rapid, safe, and cost-effective charging for electric trucks. Most existing battery chargers are incompatible with deeply discharged sodium-ion cells, but this technology uses an innovative combination of a low voltage architecture and a specialized bidirectional DC-DC converter to bridge this gap. The system charges quickly without needing expensive cooling, making it a more affordable solution for Medium- and Heavy-Duty electric vehicle charging.

OpenRoad Technologies

OPEN ROAD is building a fast-charging battery system for EVs with special battery packs that can be installed using consumer-grade wiring. This way, places like apartment buildings or stores can offer fast EV charging without expensive upgrades, making fast charging available in more places. The batteries also store power and will help reduce the cost of electricity.

SolGraphVR

SolGraph is developing a unique structured graphite anode material for lithium-ion batteries that enables recovery at the end of battery life. The interconnected structure of the woven graphitic material is easily removed and recycled, is made using solar synthesis, reduces battery weight, and leads to high electrical and thermal conductivity, eliminating the need for a metallic current collector while keeping the battery cooler and improving battery life.

Sol Robotics

SOL ROBOTICS is developing a wireless charging solution for autonomous fire threat detection electric vehicles (EVs) that operate along remote power lines. These EVs will identify vegetation overgrowth and maintenance issues that have triggered past devastating wildfires. This technology uses a novel low-frequency wireless inductive charger mounted on a compact retractable robot arm, and can harvest energy directly from the electromagnetic field generated by the power lines to recharge its battery.

Three Rivers Power

Three Rivers Power is creating super-small, powerful battery systems that will eliminate the separate inverter, charger and battery management system (BMS) normally employed in energy storage systems. The size of a complete battery system will be at least 2-3 times smaller than competitive products and will enable new use cases such as ultra-compact utility pole-mounted battery storage units.

Wayside Energy

Wayside Energy is building a battery pack made from a recyclable enclosure that simplifies construction and end-of-life material recovery. The design integrates three components – the battery enclosure, a non-flammable biodegradable fluid cooling system, and a mounting device – into a unibody composite structure to simplify the pack, which reduces weight and increases manufacturability.

Three Rivers Power

WE THINK GLOBAL is building a portable, IOT enabled, solar-powered system to that can recover, isolate, and purify a large range of metals and critical minerals from a variety of waste streams including mine tailings, industrial waste, brine, and other sources. The metals are purified on-site and sold through an virtual market (CIRCRIT ARCHIVE) accessible to technology manufacturers.

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Philippines
Built Environment
Hacking clean energy solutions in the Philippines
Ralph Ebora, NEXPH Program Manager for Startup Development, discusses the topic of transitioning to a clean energy economy.

Ralph Ebora, NEXPH Program Manager for Startup Development, discusses the topic of transitioning to a clean energy economy.

The challenge of transitioning to clean energy

The transition to a 100% clean energy system is a complex undertaking. Energy systems are deeply foundational, influencing every aspect of human society. Transforming infrastructures built over centuries requires collaboration among multiple stakeholders, resources, innovative approaches, and precise timing to succeed.

Key issues such as transforming transport systems, increasing renewable energy adoption, and enabling energy consumers to use energy more efficiently are regularly discussed in conferences and meetings. While some ideas inspire change in communities, many remain just discussions due to limited resources and a lack of clarity on how to proceed.

Participants of Ready, Spark, Charge 2024: Hacking the Future of Energy

Participants of Ready, Spark, Charge 2024: Hacking the Future of Energy

What are hackathons for?

Hackathons are events that bring together individuals from diverse sectors to brainstorm and develop innovative solutions to pressing challenges. They provide an impactful platform for turning discussions into action.

The concept of a hackathon combines “hack” (exploratory coding) with “marathon,” emphasizing intensive teamwork and rapid prototyping. While originally centered on software, hackathons have evolved to encompass broader challenges, including those in energy and climate innovation.

Participants of Ready, Spark, Charge 2023

Participants of Ready, Spark, Charge 2023

Climate and energy hackathons in the Philippines

Over the past four years, New Energy Nexus Philippines has hosted an annual hackathon to gather energy and climate innovators. These events provide participants with feedback from industry practitioners, improving the feasibility and marketability of their ideas, as well as resources to develop their solutions further.

Continuing this tradition, Ready, Spark, Charge 2024: Hacking the Future of Energy assembled over 30 participants from across the Philippines for 2.5 days of collaboration, problem-solving, and innovation. Teams left not just with ideas but with actionable solutions ready for testing and implementation.

Bradley Cua, resource speaker, engages participants during the gallery walk session, discussing the challenge statement on energy efficiency in industries and offering additional insights.

Bradley Cua, resource speaker, engages participants during the gallery walk session, discussing the challenge statement on energy efficiency in industries and offering additional insights.

The hackathon began with participants arriving with eager minds and a shared commitment to solve some of the country’s most pressing energy challenges. The first two days saw participants discuss key energy topics in the Philippines, such as energy efficiency, sustainable transport, and renewable energy adoption.

Drawing from the discussions, they then teamed up to brainstorm viable energy solutions. Experienced business and tech mentors helped narrow down their concepts based on feasibility, marketability, and potential impact.

Joshua Bascos of Team WATTsUp presenting their startup idea during the Day 2 mentoring session.

Joshua Bascos of Team WATTsUp presenting their startup idea during the Day 2 mentoring session.

On the final day, the teams had a few minutes to pitch their solutions to a panel of judges, who probed their ideas, which ranged from eco-friendly briquettes to AI-powered energy assistants. In the end, four standout teams were recognized: Greenewables, SmartER, SolScribe, and WATTsUp.

The hackathon succeeded by generating innovative solutions through a collective effort from its participants. More importantly, it built strong bonds among the country’s future energy changemakers.

Engr. Erickson Tacda and Dr. Marilyn Calub of Greenwables receive the RSC 2024 Grand Champion and Best Pitcher Award.

Engr. Erickson Tacda and Dr. Marilyn Calub of Greenwables receive the RSC 2024 Grand Champion and Best Pitcher Award.

The impact of collective innovation

The hackathon demonstrated the potential of collaborative innovation in addressing decades-old energy challenges. By bringing together passionate individuals and providing them with resources and guidance, New Energy Nexus Philippines fostered a space where transformative ideas could take root.

The real challenge lies ahead—ensuring that these promising innovations continue to develop and deliver the impact they envision. As these solutions progress, they serve as a beacon of hope for a cleaner, more sustainable energy future in the Philippines and beyond.

Participants of Ready, Spark, Charge 2024: Hacking the Future of Energy

Participants of Ready, Spark, Charge 2024: Hacking the Future of Energy

Brenda Valerio is the country director of New Energy Nexus Philippines.

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Vietnam
Energy for Agriculture
Women
Six women-led agricultural enterprises secure investment to tackle climate adaptation in the Mekong Delta

Six women-led agricultural enterprises across the Mekong Delta in Vietnam have successfully secured up to AUD60,000 (VND1 billion) each to take their businesses to the next level, thanks to Deltaccelerate.

Deltaccelerate is a women’s agribusiness climate adaptation accelerator funded by the Australian Government that provides customised training and tailored support for women-focused small and medium enterprises (SMEs) in Mekong Delta to build their capacity in sustainable business practices and strengthen their resilience to climate adaptation.

The six successful businesses were selected from a cohort of 14 Deltaccelerate participants following a competitive Pitch Day event on 17 October 2024 in Can Tho city. They include:

Mekong Coconut Oil Company Limited (Cocovie)

Producing and trading high-quality cosmetic and food products from coconut oil in Ben Tre province, focusing on preserving and utilizing coconut trees over 10 years old, which can absorb 75 tons of CO2 per hectare per year.

Cau Ke Macapuno Coconut Processing Co., Ltd (VICOSAP)

Specialising in confectionery products, baking ingredients and drinks made from macapuno coconuts, a specialty of Tra Vinh province cultivated by the Khmer community and known for their high saline tolerance, making them an ideal climate-adaptive crop.

Palmania JSC

Creating healthy, organic products from palmyra trees using sustainable farming methods rooted in the indigenous Khmer community in An Giang province.

AirXCarbon/Veritas Vietnam JSC

Transforming biomaterials, including coconut husks from the Mekong Delta, into zero-carbon consumer products.

Dam Doi Sesarmid Cooperative

Producing a range of sustainable products from locally-caught sesarmids and shrimps in Ca Mau province.

Ecoka JSC

Producing and trading handicrafts made from adaptive materials, including water hyacinth and bulrush, from Hau Giang province on global e-commerce platforms.

Each enterprise will now receive this financial support to scale their business through trade promotion, marketing, product development and training initiatives. Deltaccelerate’s total contribution of AUD250,000 (VND4 billion) will also leverage AUD320,000 (VND5 billion) in co-funding from the enterprises to further amplify its impact.

The Deltaccelerate program is part of the Business Partnership Platform (BPP), an Australian Government initative implemented by Palladium. Deltaccelerate is managed by New Energy Nexus Vietnam (NEXVN) and continues to foster innovative solutions for climate adaptation and sustainable development in the Mekong Delta.

About the Business Partnerships Program (BPP)

The BPP supports business partnerships between DFAT and inclusive, commercially sustainable businesses to deliver strategic development outcomes, with a focus on gender equality, disability, social inclusion and climate impact. Since 2016, it has supported 75 partnerships in 21 countries, partnering with 147 organisations across the private sector, social business, NGOs and academic institutions.

The Australian Government has invested more than AUD31 million in BPP partnerships, with partners contributing more than AUD51 million.

About the Deltaccelerate

Deltaccelerate is made possible by a unique partnership between the Australian Government and New Energy Nexus through the Business Partnerships Platform (BPP) Climate Adaptation Partnerships in the Mekong Delta, announced in November 2023.

Deltaccelerate is a business accelerator funded by the Australian Government providing direct support, tailored training, and networking opportunities for enterprises that work in the Mekong Delta’s agricultural sector, which are led by or significantly benefit women and contribute to the sector’s resilience to climate adaptation.

The Partnerships are part of the Australian Government’s AUD94.5 million investments for climate change adaptation in the Mekong Delta.

Media contacts:

For information about Deltaccelerate – Trinh Thi Cam Tu: tu.trinh@newenergynexus.com  +84 364 661 564

For media inquiries – Nguyen Truong Duy: duy.nguyen@newenergynexus.com  +84 397 459 910

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

Philippines
Renewable energy tech
How to accelerate small-scale rooftop solar in the Philippines

solar blog thumb

The Philippines, with its abundant sunlight and growing energy demands, is perfectly poised to harness the power of rooftop solar (RTS). RTS is an ideal way to address the pressing issues of energy access, security, and affordability in the country. As the shift to clean energy accelerates, the Filipino rooftop solar industry’s journey offers valuable insights into both the potential and the challenges of scaling clean energy—and why it’s important to support entrepreneurs venturing into this space.

Why does the Philippines need rooftop solar?

Rooftop solar holds immense promise as a decentralized energy solution. For a country like the Philippines, where energy costs are high, outages are frequent, and rural areas often suffer from lack of access, RTS provides a clear pathway toward a more secure and affordable future. Unlike large power plants that require significant infrastructure and investment, rooftop solar systems are scalable and relatively simple to deploy. This makes them particularly attractive to homes and businesses seeking to reduce energy costs, while contributing to the country’s renewable energy goals.

From beginnings to growth

The RTS industry in the Philippines started small in the early 2000’s, steadily growing through supportive policies such as the Renewable Energy (RE) Act of 2008 and the introduction of net metering. As of 2024, the net metering program has enabled over 9,000 qualified end-users to connect their systems to the grid, allowing consumers to sell excess electricity back to the utility.

Organizations like the Philippine Solar and Storage Energy Alliance (PSSEA), Renewable Energy Association of the Philippines (REAP), and the Association of Solar Installers of the Philippines (ASIP) have emerged as key players in promoting solar adoption. These industry associations advocate for better policies, provide training, and foster a sense of community among stakeholders, driving the sector forward.

rooftop solar 2

Photo from the Davao Solar Community Meetup Event in May 2024, a gathering of solar installers, companies and stakeholders in the Davao Region.

Challenges in scaling rooftop solar

Despite these promising developments, RTS still faces significant hurdles, particularly when it comes to scaling beyond Metro Manila. Today, only a small fraction of the country’s rooftops are outfitted with solar panels, leaving a massive untapped market.

One of its key barriers to growth is the fragmented implementation of policies across different regions. The roles of government agencies and implementing bodies remain unclear and inconsistent, leading to delays and miscommunications. Furthermore, product standards are lacking, which leaves room for subpar equipment to enter the market. This also hampers the industry’s reputation and undermines consumer confidence.

Financing is another major obstacle. Many small- to medium-sized installers struggle to secure affordable financing options, limiting their ability to expand. The fragmentation of players within the industry exacerbates these problems, as knowledge sharing between companies is limited. This also hinders collaboration with government agencies, resulting in a missed opportunity to refine policies and improve the business environment for rooftop solar.

Unlocking the potential of rooftop solar MSMEs

At the heart of addressing these challenges lies the empowerment of micro, small, and medium enterprises (MSMEs) within the rooftop solar sector. Solar installers, particularly those in the countryside, play a critical role in bridging the energy access gap. In rural areas, where the need for secure and affordable energy is even more pronounced, these small-scale businesses are essential.

By equipping MSMEs with the tools to understand the importance of service quality, the potential for competitive advantage, and the value of strategic partnerships, we can enable these companies to scale their operations. This would accelerate the adoption of rooftop solar in underserved areas, creating a ripple effect of benefits for both the industry and the communities they serve.

To this end, New Energy Nexus—the only non-profit clean energy accelerator in the country—has been supporting small solar businesses through initiatives such as the Solar Innovation Program. Beginning in 2021, the annual program provides players in the space with seminars, learning sessions, and workshops to enhance their competitiveness in the evolving Filipino energy sector.

rooftop solar 1

Photo from the Solar Innovation Program 2024

Join us in scaling rooftop solar in the Philippines

The future of rooftop solar in the Philippines is bright, but it requires the collective effort of stakeholders across the energy ecosystem. At New Energy Nexus, we are committed to supporting MSMEs in the rooftop solar sector, providing the resources, training, and connections they need to grow and thrive. By working together, we can overcome the barriers to scaling rooftop solar and unlock the immense potential that this technology holds for our country.

If you’re a solar installer, policymaker, or investor interested in contributing to the clean energy future of the Philippines, we invite you to join us in this mission. Let’s build a more sustainable, energy-secure future, one rooftop at a time.

Learn more here.


Brenda Valerio is the country director of New Energy Nexus Philippines.

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News
Australia
Transportation tech
Mass EV retrofit startup Veepower wins second Supercharge Australia Innovation Challenge
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From left: EnergyLab CEO & Director Megan Fisher, Veepower Founder & lead software developer Kyle Van Berendonck, and New Energy Nexus Venture Partner & EnergyLab volunteer Danny Kennedy.

Sydney, Australia, 8 November 2024 – Plug-and-play EV software control system provider, Veepower has won the second Supercharge Australia Innovation Challenge with its unique technology that unlocks mass EV retrofits across thousands of potential installers and designers in Australia and overseas.

“We have a product that can enable anyone with a garage to repower any vehicle class into an EV with about the same effort as doing an engine swap – from individuals to company fleets. We’re incredibly excited to scale from what we’ve learned in the Supercharge Australia Innovation Challenge and unlock rapid growth in mass EV retrofits,” said Kyle Van Berendonck, founder and lead software developer of Melbourne-based Veepower, an offshoot of Cuedo Controls.

supercharge australia innovation challenge awards nov 2024 veepower veepilot product trans

Veepower’s solution, the Veepilot.

The second annual Supercharge Australia Innovation Challenge winner was selected from a cohort of 12 startups with solutions to rapidly convert half the Australian vehicle fleet to electric vehicles (EVs), equivalent to more than 10 million vehicles.

“This cohort will be the spark for an industry that could electrify half the Australian vehicle fleet and increase domestic battery demand twenty times over to 1.3TWh, while providing the skills, services and equipment to emerging markets around the world,” said Kirk McDonald, Project Manager for Supercharge Australia. “In Australia alone we have the potential to generate demand for AU$181 billion worth of Australian-made lithium batteries, targeting a replacement market of AU$700 billion in vehicle sales.”

“A vehicle retrofit industry will create a jobs and skills pathway for mechanics, auto-electricians, and advanced manufacturing workers, while also accelerating the decarbonisation of our transport sector. It’s win-win, and we’re thrilled to support startups like Veepower to scale its impact,” said Megan Fisher, CEO of EnergyLab.

supercharge australia innovation challenge awards nov 2024 full cohort

The cohort of startups who joined the SuperCharge Australia Innovation Challenge: Retrofit Nation.

In 2022 the transport sector contributed to 19% of Australia’s emissions, with trucks, buses and light commercial vehicles accounting for about 40% of the total transport figure.  The Challenge aimed to find solutions that can deploy up to 1.3TWh of batteries that would be required to reach this goal, starting with approximately 600GWh of heavy truck and bus batteries (plus up to 25GWh for  mining), 400GWh for light trucks and commercial vehicles and 260GWh for passenger vehicles. By accelerating all forms of EV uptake, both additional CO2 emissions will be avoided and grid storage expenditure reduced.

Veepower will now have the opportunity to join an expert guided visit by Danny Kennedy, EnergyLab Director and Venture Partner at New Energy Nexus Ventures, to California’s startup ecosystem, centred in the San Francisco Bay Area.

Supercharge Australia is accelerating the lithium battery value chain in Australia, and is a joint project of not-for-profit cleantech startup support organisations New Energy Nexus globally and EnergyLab in Australia and New Zealand.


The twelve startups in the second Supercharge Innovation Challenge were:

  • Australian EVS, Newcastle, NSW: light commercial EV retrofits for councils and fleets.
  • Veepower, an offshoot of Cuedo Controls, Melbourne, VIC: efficient EV software control systems for the entire retrofit market.
  • Eclass Outboards, Kiama, NSW: electric outboard and marine hybrid retrofits for pleasure craft and fishing fleets.
  • Electric Power Conversions Australia (EPCA), Hazelmere, WA: EV retrofitting mining haul trucks from 100 tonnes and up
  • Electromotiv, Canberra, ACT: EV retrofitting buses for public transport and private fleets
  • Evans Electric, Sydney, NSW: EV powertrain hardware and software developer specialising in axial flux motor development including e-axles
  • IonDNA, ACT and NSW: power electric ATVs, utility vehicles, and farm tools from electricity generated via on-site solar power infrastructure.
  • Jaunt, Melbourne, VIC: EV conversion systems for classic cars and specialist commercial vehicles.
  • Net Zero Engineering Solutions, Adelaide, SA: bi-directional EV charging solution.
  • OZ Electric Vehicles, Logan City, QLD: battery upscaling and “flat pack” EV retrofit kits.
  • “Project Midas,” Sydney, NSW: next-generation graphene anode technology, improving lithium-ion battery performance and safety.
  • REVR, Melbourne, VIC: Minimised installation requirement mass EV retrofit kits.

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

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 LinkedInXFacebook, and YouTube

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 200 startups and 140 aspiring founders through its various programs.

In addition to running 10 programs, EnergyLab operates a climate focused angel investor network with over 200 angel investors, a mentor network with over 400 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.

News
Vietnam
Built Environment
Funding for Vietnam’s climate tech startups growing 365% year-on-year, reveals new report
saigon

Drone photo of Ho Chi Minh City, Vietnam.

Ho Chi Minh City, 30 September 2024 – Vietnam’s rapidly growing climate tech startup ecosystem secured US$92.6 million in cumulative financing for 49 startups between 2015-2023, according to the first report to map the growth of the country’s funding ecosystem. 

The Vietnam Climate Tech Ecosystem report released today by New Energy Nexus and Clickable Impact with support from the Swiss Entrepreneurship Program (Swiss EP, shows that there is huge room for growth as climate tech funding contributed only four percent of Vietnam’s total venture capital investment in 2023—well below the global average of 10 percent.

“Vietnam witnessed a remarkable acceleration in investment from 2021-2023, with funding for climate tech startups averaging 365 percent growth year-over-year,” said Thao Tran, country head of New Energy Nexus Vietnam, one of the few organizations building a clean energy innovation ecosystem to support climate startups. “This shows that there’s a strong ecosystem to support clean energy innovators to develop their ideas, but that there’s a funding crunch when it comes to commercialisation and deploying this tech where it’s needed most,”

“We see great room for entrepreneurial support organizations like New Energy Nexus to help Vietnam’s climate tech entrepreneurs build more commercially sound businesses, improve their investment readiness, and connect with both domestic and international capital,” said Jason Lusk, managing partner of Clickable Impact.

Key findings from the report:

  • Among the 49 funded startups, 76 percent have been founded since 2019.
  • Most deals have been early-stage, with seed and Series A funding comprising 47 percent of the deal count. Only two startups have graduated to Series B, a funding round that signals a startup’s readiness to scale.
  • Most climate tech startups operated out of Vietnam’s largest cities: Ho Chi Minh City (65.3%) and Hanoi (26.5%).
  • Farming and food production startups raised 48.4 percent of all climate tech funding in Vietnam.

Although funding for the circular economy and carbon sectors remains limited, there is an emerging trend marked by an increasing number of startups in these areas. This aligns with the growth in grant funding, which could lead to a higher number of investable startups in the next business cycle.

Furthermore, while many startups and investors remain optimistic about fundraising, a gap persists between investable startups and investors with a deep understanding of the market and the specific challenges faced by early-stage ventures.

Vietnam is highly vulnerable to climate change; according to the World Bank, the country faces potential economic losses of up to 12-14.5 percent of its annual GDP by 2050.1 Climate tech entrepreneurship is critical in mitigating Vietnam’s greenhouse gas emissions and empowering the country’s communities and industries to build climate resilience.

Notes:

[1] World Bank (2022). Vietnam Country Climate and Development Report.

Media contacts:

Nhung Nguyen
Program and Impact Manager, New Energy Nexus Vietnam
nhung.mguyen@newenergynexus.com
(based in Ho Chi Minh City)

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

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 LinkedInXFacebook, and YouTube

About New Energy Nexus Vietnam

New Energy Nexus Vietnam was launched in early 2019 with the mission of promoting Vietnam’s clean energy transition. We have supported over 500 entrepreneurs and engaged over 1,500 participants through our incubation, acceleration, and funding programs. With our backing, startups have generated US$1.4 million in grants.

By enhancing our strong bond with all the stakeholders in the network, we aim to further develop the energy ecosystem in support of a smooth transition to sustainable initiatives and build a pipeline of potential entrepreneurs.

About Clickable Impact Consulting Group

Founded in 2013, Clickable Impact is a strategic advisory firm dedicated to green and inclusive growth. We aspire to market-leading mastery over the toolkit of change. Our services include research, policy analysis, innovation platform design, business matching, market entry, and strategic communications. From our headquarters in Vietnam, we work across the Greater Mekong Subregion, ASEAN, and the broader Asia-Pacific.