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China
15 startups helping China achieve its climate goals in our EXCEL Accelerator cohort

EXCEL Accelerator is a growth-stage accelerator focused on the clean energy transition and climate change mitigation in China. Leveraging our connections in local government, academia and industry, EXCEL Accelerator provides growth-stage startups with technology/product expertise, pilot opportunities, and market expansion.

This year in Cohort 3, we are proud to be supporting 15 startups offering innovative climate solutions across various fields including clean tech, energy internet and carbon emission reduction. They also share the same vision – to contribute to China’s ‘’Dual Carbon’’ goal (to reach peak carbon use by 2030 and become carbon neutral by 2060).

Here are the finalists of 2022 EXCEL Accelerator Cohort 3:

Energy Internet Sector

TerraQuanta (大地量子)

TerraQuanta is a technology-driven company, it has established efficient data acquisition channels with global mainstream satellite data providers, integrating massive multi-source satellite data through a team of experienced remote sensing scientists, AI algorithm team and engineering team. TerraQuanta combines data fusion and algorithm development together to bring 600,000 meters’ data within reach and creates a “Data Encyclopedia of the Earth”.

At present, TerraQuanta has supported the application of more than 30 scenarios in the fields of agriculture, forest carbon-sink, agricultural insurance, infrastructure, environmental protection, and inclusive finance, scenarios include ground cover monitoring, crop yield estimation, water resources and water environment monitoring, forest resources dynamic monitoring, urban subsidence monitoring, etc.

BigData FinTech (大数金科)

BigData FinTech specializes in carbon emission management calculation, accounting and inventory system tools and carbon planning service provider. BigData FinTech was founded in 2016, the company uses industrial internet technology and cloud services to optimize the practical needs of accounting, inventory, internal control, collection, supervision and optimization of carbon emissions (carbon assets) for manufacturing enterprises such as steel, chemical, non-ferrous and construction industries.

The company can provide enterprise carbon data management, product carbon footprint calculation and CEPP certification for the traditional process manufacturing industry represented by metallurgy, building materials and chemical industry and their logistics supply chain.

Since BigData FinTech’s establishment, the team has been aiming at serving entities and keeping up with the industry, and striving to help China’s manufacturing industry achieve the ultimate goal of carbon neutrality.

Dayu

Dayu

DAYU (大禹智芯)

DAYU is the first technology startup in China focusing on DPU since it was registered and founded. It is currently the leading company in the DPU field in China and is committed to building advanced DPU products with versatility through self-developed software, hardware, and chips.

Through existing and self-developed advanced chips, self-developed high-performance IaaS components and protocol-specific acceleration capabilities, DAYU provides a complete set of hardware and software products and services around DPUs, including chips, hardware products, system software, and application integration, and is committed to building a new generation of cloud computing engines to help users build leading IT infrastructures and accelerate the pace of enterprise digital transformation.

The company’s vision is to “unleash the application potential of high-speed networks in the way of DAYU, allowing enterprises to enjoy technology dividends selectively and helping them to build leading IT infrastructures well and fast”.

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PH Edge Intelligence

PH Edge Intelligence (朋禾智能)

PH Edge Intelligence’s team has more than ten years of experience in online monitoring and fault diagnosis of power equipment, industrial IoT platform design, edge computing system architecture, and machine learning applications, and is experienced in sensors, data acquisition, industrial data reliability, and industrial artificial intelligence. As the earliest pioneer in industrial intelligence and edge computing applications in China, PH Edge Intelligence is now dedicated to promoting the application of industrial edge computing, IoT and artificial intelligence technologies in the power industry. The core team members include doctors and masters who graduated from Fudan University, Shanghai Jiao tong University, Tongji University and Xi’an Jiao tong University, as well as practitioners from National Instruments, General Electric, CyberInsight and other related fields within the industry. As a high-tech leading company in assisting the digital transformation of power grids, PH Edge Intelligence is a high-tech enterprise in Shanghai, a member of the Shanghai Industrial Internet Association, a member of the Shanghai Artificial Intelligence Industry Association, an Enabler of Microsoft AI and IoT Lab, and has applied a number of patents and software copyrights on the project. PH Edge Intelligence has also established cooperation with Schneider and Shanghai Electric and other companies within the power industry to jointly build an intelligent and digital power grid. The team’s vision is to become an industry-leading industrial intelligence and digitalization comprehensive solution service provider.

Deep Sensing Technology (清蓉深瞳)

Deep Sensing Technology was established in 2021. It is a scientific and technological innovation enterprise relying on the transformation of scientific and technological achievements of Tsinghua University and Sichuan Energy Internet Research Institute Tsinghua University. Deep Sensing Technology focuses on the frontier of energy Internet and the new power system and has developed a number of fundamental technologies for energy sensing and energy collecting with core independent intellectual property rights, mainly providing key sensing components, intelligent diagnostic algorithms and overall solutions for energy system deep situational awareness, energy equipment intelligence and carbon tracking. The 500kV-level conformal integrated multi-parameter intelligent power fitting is successfully applied to the real-time assessment of natural disasters, prediction, fault and risk warning of power line status, insulation characteristics, of transmission lines and corridors off, the invention won the Gold Award of the 2021 Geneva Invention Award. The first digital system embedded in circuit breaker equipment was successfully developed, realizing highly reliable non-intrusive measurement of mechanical parameters, operation process and temperature load of circuit breaker, and its online diagnosis and unattended through knowledge mapping and artificial intelligence algorithm.

untitled design (47)

Syitsing Energy Technology

Syitsing Energy Technology (西清能源)

Syitsing Energy Technology, founded in 2018, is a high-tech enterprise focusing on technology R&D in the field of energy digitization. The company’s goal is to help the digital transformation of the power industry through advanced technology and to promote the transformation of the energy and power industry with intelligent applications.

All of Syitsing Energy’s core team members graduated from Tsinghua University and other well-known universities, with rich industry experience and technology development capabilities. Syitsing Energy has passed the ISO management system certification and holds a number of invention patents with several technologies that are advanced in China.

The company has rich implementation experience and several finished projects in the fields of power system design and planning, energy storage active safety and digital twin technology application, etc. Currently, the company’s major products and solutions include:

  • Active safety management and intelligent operation and maintenance system of energy storage power station and new EMS system
  • Integrated source-grid-load-storage energy management platform
  • Power system digital twin and active equipment operation and maintenance

MetaStar (元能星泰)

MetaStar is a cutting-edge technology enterprise jointly invested by Beijing Zhongguancun Development Frontier Enterprise Investment Fund, Taiyou Fund and Shuimu Tsinghua Alumni Capital. Relying on the R&D team from top universities such as Tsinghua, South China University of Technology and Massachusetts Institute of Technology (MIT), the company is deeply engaged in vertical segments such as new energy, power grid, power plant, water conservancy and hydropower, oil, natural gas, chemical and coal, etc. MetaStar has independent core technologies and built the Meta-Universe digital twin PAAS toolchain and digital twin intelligent production operation platform series products to help enterprises implement digital transformation.

macro ai

Macro AI

Macro AI Technology (暂元智数)

Macro AI Technology Co., Ltd. is an artificial intelligence high-tech company providing 3D vision solutions for high-precision industrial manufacturing, with an AI algorithm team led by PhDs from European and American top universities. Macro AI Technology upholds the mission of “empowering intelligent manufacturing with cutting-edge artificial intelligence technology” and practices the business philosophy of “technology for good to achieve self-realization”, and has solved the problems of ultra-complex machine vision recognition, inspection, positioning and measurement in the production process for many precision manufacturing enterprises. With the service attitude of “doing technology rigorously and winning the market with integrity”, Macro AI Technology has rapidly accumulated a good reputation in the industry and gained strong support from the government. In the future, Macro AI Technology will pay more attention to the construction of ecological partner system, and adhere to the “sharing is winning” cooperation concept, through strong alliance, to bring more industrial manufacturing enterprise customers with better, more economical, more intelligent Smart Factory solutions, to help industrial enterprises to achieve digital, intelligent transformation and development.

Environmental Protection Sector
BlueFuture

Blue Future

Blue Future (湛蓝未来)

Blue Future was founded in 2014 and has been focusing on the R&D and industrialization of in-situ sludge reduction technology. The founder is a talent of the “Golden Panda” program from Chengdu Hi-Tech Industrial Development Zone, graduated from the aerobic granular sludge team of Nanyang Technological University in Singapore and published several papers in international journals. Blue Future’s environmental philosophy is “treating waste with waste”, and it has technologies such as iron sludge, bio-iron and iron batteries. Its honours include the second prize in the Chengdu-Shenzhen Twin Cities Entrepreneurship and Innovation Competition, the third prize in the Environmental Protection Innovation Competition of the Sichuan Department of Environmental Protection, the finalist enterprise of CCTV Chuang Ye Ying Xiong Hui, and the bronze medal in the Beijing Enterprises Water Group Cup 2020 among more than 570 projects recognized by experts, including academician Jun Ma. The corporate governance is well-organized, Blue Future is invested by CDHTIWENTURE Capital, Chengdu Industry Investment, Sichuan State-owned Assets Operation and Investment Administration and other provincial, municipal and district level state-owned capitals.

senle

Senle Environment Technology

Senle Environment Technology (森乐环保)

Senle Environment Technology is a joint-stock enterprise launched by Chengdu Senle Group in 2018 to meet the needs of the national environmental protection industry, with a registered capital of 20 million yuan and fixed assets of 86 million yuan. Senle Environment is committed to the research and development and engineering transformation of gas preparation, separation, refinement, purification, drying, desulfurization, denitrification, hydrogen production, decarbonization, dust removal, ultra-low emission technologies in oil and gas, iron and steel coking, coal chemical, fine chemical, industrial gas, biochemical, fuel ethanol, glass, cement, thermal power, waste power generation, non-electricity industries: Senle Environment is proficient in gas purification and comprehensive utilization of coke oven gas, pressure swing adsorption, temperature swing adsorption, high-purity hydrogen production, SCR/SNCR denitration, ultra-high-porosity furnace denitrification, dry process, semi-dry desulfurization, flue gas removal and recovery of SO2, annealing furnace hydrogen recovery, nitrogen and hydrogen gas mixing, and other technologies. And Senle Environment has the production and manufacturing capacity of important components (adsorbent, desulfurizer, catalyst, program-controlled valve) and complete sets of skids.

By 2022, Senle Group has 1 EPC company, 2 manufacturing companies, 1 technology R&D company and 1 investment company. There are 3 regional operation centers and 12 offices in China generating 100-200 million yuan output value. Senle Group has established long-term cooperation with reputable universities such as Nanjing Tech University’s Adsorbent Research Institute, Fudan University’s Adsorbent Research Center, Sichuan University and Dalian Institute of Chemical Physics Chinese Academy of Sciences, becoming a comprehensive enterprise integrating technology research and development, engineering consulting and design, technical services, EPC, equipment manufacturing, plant operation and maintenance, special materials supply, investment and financing operation and other sectors.

Over the past twenty years, Senle Group has designed and built nearly one thousand large industrial plants for oil and gas, iron and steel coking, fine chemical, and non-electric industries.

Energy Finance Sector
knowcarbon

Knowcarbon

KnowCarbon

Knowcarbon is a technology company focusing on carbon neutralization. It is committed to providing one-stop carbon services based on carbon accounting and blockchain for carbon account, carbon audit and carbon asset management. Knowcarbon was incubated in Tsinghua University and gathered team members from Tsinghua University, Cambridge University, Geneva University and other well-known universities at home and abroad, with rich academic resources. ​

Knowcarbon puts forward two products, carbon pet and enterprise carbon treasure: “carbon pet” aims to reduce emissions through the development of carbon accounts, develops carbon accounts in the form of pet cultivation, enables individual users to cultivate “carbon pet”, and obtains carbon points for the gift of a sustainable mall, forming a closed-loop product to help individuals reduce carbon emissions; Qitanbao uses blockchain technology to make its own carbon emission, carbon emission reduction, supervision, audit and other processes open and transparent, and relevant records can be traced and verified at any time, so as to reduce the cost of human carbon audit and ensure the transparency of carbon audit.

eahon

Eahon Technology

Eahon Technology (益泓科技)

Eahon Technology (Shanghai) Co. was founded on April 20, 2021, in Shanghai. Eahon Technology is a high-tech company that provides energy management and carbon asset management services and is committed to helping companies achieve net zero emissions. Eahon Technology can provide a carbon asset digital monitoring system and management platform, energy saving and emission reduction in the production process and daily operation, new energy infrastructure planning, integrated power management, and carbon asset management consulting services. Eahon Technology’s in-depth research in carbon asset management technology has made major progress in IoT sensors, Network Communications, Big Data and software development. Eahon Technology can provide services such as equipment operational status monitoring, environmental monitoring, asset integrity management consulting, integrated operation management platform development (including energy, asset, security, etc.), and digital and intelligent transformation.

New Energy Fuel Sector
tooriwin

Wuhan Troowin

Wuhan Troowin Power System Technology (众宇动力)

Established in 2011, Wuhan Troowin Power System Technology Co., Ltd. (hereinafter referred to as Troowin) engages in the research and manufacturing of core parts, stacks and systems of fuel cells. As an expert in the fuel cell sector, Troowin has comprehensively mastered the core technologies of hydrogen fuel cells. The ability of design and development of fuel cell stacks allows Troowin to cooperate with manufacturers of end products according to the nature of applications in the market to sell and provide technical services for stacks and systems.

Since its establishment, Troowin has formed a R&D team of energy + gas + fuel cell led by experts under Hubei’s 100 Talent Plan, and has cooperated with scientific research institutions, universities, enterprises, etc. In addition, Troowin has been awarded such honorary titles as national high-tech enterprise,enterprise technology center and hydrogen energy talent training base of Hubei Province. Up to now, Troowin has applied for more than 200 patents and been granted over 100 patents (including 5 for invention in the USA, Japan and the EU), nearly 20 of which are internationally leading core technologies or proprietary technologies.

Troowin has developed three major products, namely fuel cell stacks and their core parts, fuel cell systems and fuel cell solutions, and can provide products and industrial solutions for automobiles, ships, distributed power generation and power supply. Troowin has established cooperation relationships with CMCC,SG,CGN,CSIC, DFM , Geely, Skywell, Hubei Wanshan and other companies to continuously promote the industrial and commercial operation of fuel cells.

sinwit

Sinwt Science & Tech

Sinwt Science & Technology (三听科技)

Sinwt Science&Technology is committed to providing customers with products and solutions for intelligent recognition, location and tracking of sound events using acoustic emission sensor (AE Sensor) arrays + artificial intelligence technology. The major products are divided into two major categories: Ti-Ting series and Zhi-Yun-Ting series. The Ti-Ting series is mainly used in scenarios such as Power Bureau monitoring, sensitive area monitoring and “black flying” drone, while the SmartCloud series is a microphone array-based acoustic signal acquisition and processing system for multiple scenarios and types of applications.

Sinwt Science&Technology has been awarded as National High-tech Enterprise, Zhongguancun High-tech Enterprise, Ministry of Science and Technology Small and Medium-sized Enterprises and Beijing Economic‑Technological Development Area Rising Star Enterprise, and has been awarded as Beijing Golden Bridge Project A type support project and Beijing Excellent Young Engineer Innovation Studio A type support project, etc. Sinwt has always insisted on independent research and development and has dozens of invention patents, utility model patents and software copyright, and the technical innovation ability is steadily improving along with the R&D.

Innovation leads to development, and science and technology achieve dreams. Sinwt Science&Technology, the sound knows it all.

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News
Australia
Australian climate startups to gain global exposure with EnergyLab and New Energy Nexus partnership
EnergyLab's Megan Fisher (second from right) and NEX's Danny Kennedy (centre) with the team from Infravision. Image: EnergyLab

EnergyLab’s Megan Fisher (second from right) and NEX’s Danny Kennedy (centre) with the team from Infravision. Image: EnergyLab

Melbourne, 14 June 2022 – The Australian climate startup ecosystem is receiving a boost following the announcement today of a new international partnership between EnergyLab, which is Australia and New Zealand’s largest climate tech startup accelerator, and New Energy Nexus (NEX), the world’s leading clean energy accelerator.

The partnership will connect Australian startups to customers, capital, and resources in overseas markets that are critical for climate action, such as the USA, Southeast Asia, and India. It will also provide a pathway for overseas innovators to enter Australia, increasing the synergy of ideas and bringing more talent as Australia’s clean energy transition accelerates.

Megan Fisher, CEO at EnergyLab, said: “We are so excited to announce our partnership with New Energy Nexus. This collaboration will help us to create a systematic approach to supporting Australian entrepreneurs who want to explore and ultimately expand their startups internationally.

“We are also beyond proud to share with the global community the amazing startups that have played a role in building one of the most highly penetrated residential solar markets in the world.”

Danny Kennedy, CEO at New Energy Nexus, said: “We can’t wait to watch the magic happen as all these entrepreneurs are set loose on the US, Southeast Asian and Indian markets. The levels of experience and creativity evident in Australian offerings can help these regions to accelerate the mass adoption of clean distributed energy, of which Australia is an under-recognised leader.

“Politicians talked a lot about Australia being a clean energy superpower. These startups are doing it and New Energy Nexus is going to help EnergyLab take them to the world.”

Australia is the third biggest exporter of fossil fuels, but is also a clean energy innovation hub and a critical node in the global energy transition. It has the highest penetration of rooftop solar in “developed world” cities, has pioneering big batteries and renewable energy zones; a digitised electricity network, and a competitive electricity market. The products and services coming up in the Australian market will also have a wide range of applications overseas, from the refurbishment of America’s energy infrastructure, to energy end-use in emerging economies.

Partnering with NEX, which operates across 11 countries, will give startups in EnergyLabs’ portfolio a global reach unparalleled in Australia and the Pacific.

Over the last 12 months, EnergyLab and NEX have piloted the concept with Infravision, a startup that helps electric utilities accelerate power grid modernisation with drone enabled power line upgrades. Infravision had their eyes on the US market and were introduced to NEX while completing an EnergyLab startup program in 2021. NEX has since facilitated connections for Infravision to major investors and partners to support their entry into the North American transmission and distribution upgrade market.

Chris Cox, Co-Founder and Director of Infravision, said: “We have benefited greatly from New Energy Nexus’ support, landing on an approved vendor list for a major North American utility and securing financial backing to help us enter the international market all based on our track record of success in Australia.”

About EnergyLab:
EnergyLab is Australia and New Zealand’s largest climate tech startup accelerator and innovation network dedicated to reaching net zero emissions. With over 200 alumni supported through its programs, EnergyLab connects talented founders to the mentors, advisors, partners, peers and investors they need to succeed. EnergyLab programs include the Women in Climate and Energy Fellowship building the next generation of women founders; the Climate Solutions Accelerator; the Scale Up Program for later stage clean energy startups and a climate focused angel investor network.

Notes to editor:

Please find a link to photos and a link to video announcement

Media contacts:

Megan Fisher
CEO, EnergyLab
megan@energylab.org.au

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

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

News
Thailand
True Digital Park partners with New Energy Nexus Thailand to launch ‘Decarbonize Thailand Startup Sandbox’

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Bangkok, 14 June 2022 – True Digital Park in partnership with New Energy Nexus (Thailand) announces the launch of a program to support decarbonization according to the National Energy Plan 2022 called ‘Decarbonize Thailand Startup Sandbox’ (DTS). This program facilitates five industry leading corporations to  engage with climate tech startups in a 3-month Sandbox pilot project. The program will help climate tech startups and corporate partners to accelerate their collaboration and knowledge exchange, while also supporting the national goal of reaching Net Zero emissions and accelerating a decarbonized economy.

Dr. Tarit Nimmanwudipong, General Manager of True Digital Park (TDPK) says that TDPK, the biggest tech and startup hub in ASEAN, has partnered with New Energy Nexus (Thailand) to help local and international startups strengthen decarbonization businesses. From this collaboration comes the ‘Decarbonize Thailand Startup Sandbox’ – a space giving the opportunity for startups to connect and collaborate with experts from different industries. They can meet with mentors to adjust and develop specific solutions for targeted high-emitting industries, as well as learn from  experts and expand their network.

The project is supported by B.Grimm Power, C.P. Group, IRPC, PTT and True Corporation. Interested startups can apply.

“Following PM Prayut Chan-o-cha’s announcement that Thailand will achieve carbon neutrality by 2050 and Net Zero by 2065 after joining COP26, we have seen several organizations declaring similar goals in reducing emissions. At the same time, we feel there is a lack of activities in the business sector to work together and support investment in innovation to build technology, people and startups. It is crucial that we create a collaborative platform to connect stakeholders within the industry and startup entrepreneurs with relevant technology in reducing carbon emission together.”

“The Decarbonize Thailand Startup Sandbox is set to bring about a unique opportunity for both local and international startups in order for them to expand business opportunities and increase sustainability for high-emitting industries in Thailand. They will be supported by industrial experts and mentors from the New Energy Nexus Ecosystem who will be sharing their knowledge and experience. The teams selected from the Startup Selection Event will be partnered with Thailand’s leading organizations and work closely together in the Startup Sandbox for 3 months. Corporates will have the opportunity to engage and support startups relevant to the challenges they are facing, while startups will be able to gain insights into the Thai market, test their business feasibility in the Thai context, backed by a corporate. ”Those interested can join as a team, whether from companies, startups or as individuals. The requirement would be to support the private sector in mitigating industrial carbon to achieve Net Zero in Thailand, together with the selected corporates and readiness to explore the Thai market” said Dr.Tarit

Mr. Stanley Ng, Program Director at New Energy Nexus (Thailand) stated:“New Energy Nexus’ mission is to support innovations in climate and energy. Since 2004 we have impacted thousands of entrepreneurs and leveraged over 1.5B USD in investment into these startups. Decarbonization is a huge economic opportunity for both climate startups and industry leaders. With the Decarbonize Thailand Sandbox, we want to support these leaders to realize their decarbonization goals while building a healthy ecosystem of climate startups in Thailand.”

The Decarbonize Thailand Startup Sandbox program will proceed as follows:

1. Startup Selection & Pitch Event: On July 16-17, 2022, Thai and international startups are welcomed to engage industry experts and present their technology solutions for a chance to match with partner organizations and join the DTS Startup Sandbox in the next phase.

2. Startup Sandbox Phase: From August 1 – October 31, 2022, the Startup Sandbox phase will be the time where paired startup-corporate teams work on developing their proof of concept of their solution in decarbonizing the business and industrial sector together. During these 3 months, startups will receive support  in the form of  resources to work such as masterclass workshops, consultations with corporate mentors and experts in an optional provided workspace.

3. DTS Symposium: This will take place in November 2022. The symposium will feature conferences and activities to build collaboration between startups, public and  private sectors, leading organizations from different industries, researchers, economists and individuals within the climate and innovation field. The aim is to discuss the challenges, opportunities and future of Thailand in the face of climate change and the transition to a low carbon economy.

Mr. Ng concluded that in addition to providing an opportunity to match with the country’s leading corporations to expand their business opportunities, startups that participate in the Decarbonize Thailand Startup Sandbox will also receive several other benefits such as workshops and access to international experts, as well as receiving insights from corporate mentors who will assist startups to customize  solutions for potential proof of concepts. Furthermore, New Energy Nexus has a network of mentors who will provide consultation in developing successful projects in clean energy and decarbonization. They will support Thai startups to gain access to investment opportunities, and advise on growth and expansion.

Media contacts:

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

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

News
California
CalSEED awards US$6.6 million in grants to early-stage clean energy innovations

30 clean energy startups were selected to receive funding of either US$150,000 for their concepts or US$450,000 for their prototypes.

Oakland, CA 11 May 2022 The California Sustainable Energy Entrepreneur Development (CalSEED) program is thrilled to announce that two new cohorts of Concept and Prototype awards have been approved by the California Energy Commission (CEC).

For the Concept award, 23 companies out of 166 were selected to receive grants of US$150,000 each. For the Prototype award, 7 companies out of 22 were selected to receive another $450,000 to continue to develop their breakthrough technologies. In total US$6.6M of CEC EPIC funds will be invested in clean energy innovations throughout California.

“We are grateful to the CEC’s visionary leadership and partnership in supporting early-stage energy innovators with critical and timely funding,” said Denise Rushing, Managing Director of California, New Energy Nexus. “The 30 companies gaveled in today represent the diversity of California and our state’s mission to prioritize energy solutions that accelerate the transition to a clean energy economy for everyone.”

Concept awardees went through a rigorous process including a review with CalSEED’s curated review committee, who volunteered their time and expertise to select the most promising clean energy technologies of the future. CalSEED’s solicitation is designed as a call for early-stage clean energy innovations that fall within the following technology areas: energy efficiency, load modifying, energy storage, grid enhancements, renewable energy, electric vehicle charging and powertrain technologies, advanced technologies that enable
water savings.

CalSEED’s success is in supporting the best and boldest clean energy innovations while advancing equity and driving gender diversity into our programming.

“I am proud to say that the 30 companies selected today represent women and other diverse leaders amongst their CEOs, with at least 5 of the 23 concept awardees having women founders and/or women in leadership positions,” said Sarah Chester, Director of Grants Compliance, CalSEED. “This number is super impressive given the national average is that less than 2% of all tech startups have women founders nationwide. I am thrilled to begin working with these change makers who will be instrumental in advancing California’s transition to a clean energy future.”

While soliciting for CalSEED’s 5th Concept award cohort, the team also coordinated with Cleantech Open (CTO) to oversee the annual business plan competition. Eligible CalSEED Concept Awardees from cohort 3 and 4 participated in CTO’s accelerator program, where they receive tools and insights to develop a business plan that becomes the basis of the competition’s application package. The panel of judges was comprised of 19 members of the CalSEED Review Committee, representing expertise in start- ups, experience with industry-specific commercialization, and the ability to evaluate social and environmental impacts. The selected companies are focusing their efforts on solutions for batteries, storage, energy efficiency and renewable generation – areas that are critical to meeting California’s climate goals.

“CalSEED has provided entrepreneurs with the funds and resources they need to explore their innovative concepts,” said Josh Croft, Energy Deployment and Market Facilitation Officer of the CEC. “It’s exciting to imagine what the future of energy will be and how Californians will be a part of it.”

CalSEED is funded through the CEC’s EPIC program, which invests approximately US$120 million annually for innovative clean energy technologies and approaches benefiting the ratepayers of California’s three largest electric investor-owned utilities.

Details of the 23 companies awarded a total of US$3.45 million:

COHORT 5 CONCEPT AWARDEES

Aepnus Technology is developing an electrochemical technology platform that can convert lithium extracted from domestic ore and brine deposits into industrially relevant salts (e.g., for use in electric vehicles) using electricity instead of carbon-intensive reagent chemicals.

Aeromutable Corporation is developing a controller and sensor integration that will provide continuously optimized aerodynamic performance of heavy vehicles, reducing energy consumption, and improving safety for the trucking industry while increasing their profitability through improved electric tractor range.

Ariya is developing a low-cost battery for stationary energy storage using a solid-state polymer electrolyte that it has high ionic conductivity, enables the use of sodium (rather than the more expensive lithium), and simplifies manufacturing.

Benchmark Labs, Inc. is developing a forecasting system that will provide hourly and daily forecasts of evapotranspiration, temperature, and relative humidity so farm managers can make better-informed decisions regarding water and energy management at their specific locations of interest.

Climformatics Inc. is building a robust, localized climate and weather predictive tool for localized fire-weather forecasting that will help to predict, prepare, and protect the energy grid infrastructure, utilities, and consumers from future wildfires well ahead of time.

Community Energy Labs is developing a low-cost grid-interactive building control platform that autonomously optimizes energy, pricing, and comfort, without placing undue burden on controls professionals or building operators of K-12, municipal and small to mid-sized buildings to set up or maintain.

DarmokTech is developing a cell and packaging design to make solid-state batteries a viable replacement for conventional Li-ion technology for EVs and short-duration storage, with a design that could improve cycle-life, automate disassembly of cells for low-cost Direct Recycling, and reduce manufacturing steps and costs.

Discrete Lattice Industries LLC is developing a modular construction system for cellular building systems which offer significant cost and material savings through mass production and automation, while offering novel combinations of performance and sustainability.

Electric Fish is building a containerized-microgrid, integrating EV chargers with mini grid-scale batteries that can be charged at high-renewable-energy hours of the day to store clean energy – a single module that can support ultrafast charging but acts as a resource, rather than a liability for the grid.

Horizon PV Inc. is developing semitransparent organic solar panels for building-integrated photovoltaics that are flexible, can be laminated to glass surfaces or on walls, and will be capable of generating clean renewable electricity from solar windows in buildings and vehicles.

Kepler Energy Systems is building KE2, an energy storage and management pod that will control the collection, storage, and release of solar, wind, and grid energy onto private and public utility grids, creating grid resilience and safe resource dispatchability.

KorganoTech is developing an affordable filter that improves HVAC efficiency and kills airborne pathogens. It will be a highly effective air-filtration system that consumes less energy compared to other air-purification technologies that are being applied to combat spread of pathogens.

kWh Bot is engineering autonomous robotic EV chargers that will deliver charge to EVs automatically at any parking spot in the service area using Segway and NVidia tech that will navigate batteries to EVs, charge the vehicle, and later return the battery to the station.

Modilium is building a modular thermo-electric refrigeration unit with Peltier coolers which will be individually activated, depending on the total cooling needs, and thus enhancing energy efficiency, can be powered by renewable energy and is free from harmful refrigerant chemicals, while using water as the heat transfer fluid.

OmniFlow is developing a water and energy-saving irrigation device with superb anti clogging abilities and a lower cost advantage that will enable crop irrigation without the requirement of clean water or electricity, potentially making irrigation and reforestation in wildfire/drought ravaged areas easier with minimum labor.

Perch Sensing is building a distributed real-time monitoring and control system of low-cost distributed sensors that are “perched” upon utility infrastructures that will help utilities predict and prevent potential utility-based ignition events, more efficiently manage power flow during shutoffs, and increase the integration of micro-grids and distributed energy storage.

RCAM Technologies is developing 3D concrete printed Marine Pumped Hydroelectric Storage (MPH) pods that can integrate with California’s floating offshore wind farms to create offshore renewable hybrid energy systems.

HyVerde, LLC is designing a Hybrid Battery Management system that can be integrated in an electric vehicle to enable the combination of multiple types of battery chemistries and reduce temperature and charge variations across a battery, simultaneously equalizing battery capacity and temperature while also enabling hybridization with additional storage systems.

Rivieh, Inc. is building a smart building energy management system for residential buildings that will integrate a new sensor technology, millimeter-wave radar, within the form factor of light switches, which will allow a distributed autonomous controller to manage most of a building’s loads using existing infrastructure and without adding additional complexity or cost.

Solarflux Energy Technologies, Inc. is developing a solar thermal energy powered water desalination and purification system, which is a membrane distillation module optimized for use with a cost-effective solar thermal concentrator, providing a resilient, low-cost, zero-emission solution to water treatment for agriculture, industrial and municipal applications.

Summation Lab is developing a multi-stage gasifier system that transforms low-grade biomass, like wood chips and almond shells with high fines and moisture content, to renewable energy in the form of a fuel gas (syngas) and electricity that will help forestry, agricultural, industrial, and municipal entities manage their excess biomass more efficiently, improve access to renewable energy, and reduce GHG emissions.

TECSI Solar Inc. is developing Arcadia-SR, a solar panel for asphalt shingle roofs that integrates racking, flashing, hardware, and power electronics to a single SKU, installed using a single tool, removing variability in installation costs associated with array and roof complexity, resulting in solar installers spending less time training and get more installations done in a day.

Tyfast is developing a long lasting, solid-state battery cell with a novel anode material that allows for ultrafast charging without sacrificing safety and energy density, with the potential to enable full vehicle-to-grid (V2G) integration, ensure grid stability with the massive EV transition, increase renewables penetration, create new V2G business models, and lower the cost of EV ownership.

Details of the 7 companies awarded a total of US$3.15 million:

COHORT 4 PROTOTYPE AWARDEES

ALD Technical Solutions is developing a lightweight, long-lasting, and cost-effective structural composite reinforcement system which will be wrapped around existing transmission lines to increase power capacity, extend lifespan, decrease sag, and improve reliability and resiliency of grid infrastructure with NO downtime and minimal capital investment. The Composite WiRe WrapTM is a lightweight, high strength, long lasting, cost-effective composite reinforcement system, which withstands high temperature. The product can be installed fast and easily by our innovative robotic technology system and cured in-place around existing power lines.

Gridware is demonstrating a system of low-cost, solar-powered, sensor platforms, deployed across a distribution grid to provide real-time monitoring and fault anticipation. Gridware’s solution is centered around mechanical sensing that characterizes and monitors the behavior of the electric distribution system, as opposed to the traditional electrical monitoring that is currently employed by utilities. Mechanical monitoring can reveal weakening of the system as it ages, identify components that have loading beyond normal conditions, and indicate precursors to critical failures. This innovation aims to reduce the number of fault-induced wildfires as well as reduce the frequency and duration of outages and PSPSs.

Hago Energetics is going to demonstrate a technology that uses renewable energy to convert agricultural waste to green hydrogen for the transportation sector. This technology works by processing biogas generated from the manure waste into a novel chemical reactor that effects the conversion to hydrogen. It does not use massive amounts of electricity or natural gas to create green hydrogen and uses agricultural waste as raw material, so more carbon is taken out of the atmosphere than is produced by the process.

Leap Photovoltaics is developing a process to manufacture crystalline silicon solar cells without wafers. This additive manufacturing approach directly deposits a layer of silicon microparticles to a surface that absorb sunlight and convert it to electricity, achieving the same performance and reliability as traditional solar cells at half the cost using entirely local supply chains. This unique combination leaps the barriers of thin margins and supply chain disruptions and enables sustainable growth of solar manufacturing. Furthermore, this additive manufacturing process makes direct integration of solar energy generation with new products like vehicles and roofing materials easier, opening new markets for solar energy.

Parthian Energy is developing a new class of advanced battery sensors, with applications in quality control at manufacturing, ultrafast charging during operation, and evaluating second life capabilities. The Parthian Electromagnetic Sensor, or PES detects internal defects in lithium-ion battery cells, either during manufacturing or during operation, by evaluating the change in the battery’s electromagnetic signature. This reduces unnecessary scrap, enhances safety, and enables higher energy density cells to be deployed into EVs and Grid Storage with much less risk of thermal runaway. PES also provides cell makers with dramatic reductions in work-in process inventory, working capital costs, and facility costs. In addition, PES provides faster and lower cost battery Q.C., which drives shorter design cycles and faster time-to market.

RePurpose is developing a system that tests, reassembles, and redeploys used electric vehicle batteries to store solar energy, creating create lower-cost, more sustainable energy storage systems. The process begins by precisely measuring EV battery health in <90 seconds using machine learning. Then battery reassembly is optimized into new circuits to maximize safety, efficiency, and longevity. Finally, the batteries are equipped with proprietary controls and fire suppression systems. This allows for repurposing used EV batteries safely for 7-10 years in “second-life” energy storage systems at around half the cost of new battery alternatives.

Tolo Inc. is building a remote inspection platform for utility infrastructure using immersive photogrammetric imagery. Tolo pairs state-of- the-art cameras with unmanned aerial vehicles (UAVs) and collects thousands of detailed photos from every angle of a utility tower, capturing images at greater detail than what is visible to an inspector in the field. A novel software application, custom-built for utility inspectors, provides advanced tools and greater inspection freedom and flexibility than field inspection. The result is more accurate, sharable, monitorable inspections that drive better maintenance decisions, reduce utility-caused wildfires, and enhance grid reliability.

About CalSEED
CalSEED is funded through the CEC’s EPIC program which invests approximately US$120M annually for innovative clean energy technologies and approaches benefiting the ratepayers of California’s three largest electric investor-owned utilities. Through the CalSEED initiative US$25M will be deployed to back over 80 startups in coming years. CalSEED is administered
by New Energy Nexus. For more information, please go to calseed.fund

About the California Energy Commission

The California Energy Commission is leading the state to a 100 percent clean energy future. It has seven core responsibilities: developing renewable energy, transforming transportation, increasing energy efficiency, investing in energy innovation, advancing state energy policy, certifying thermal power plants, and preparing for energy emergencies. For more information, please go to energy.gov.ca

Media contacts:

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

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

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California
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Women
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6 ways NEX supports diverse clean energy innovators around the world

From swappable batteries in Indonesia to decarbonizing New York’s legacy buildings, clean energy entrepreneurs around the world are helping fix our planet and make energy more accessible.

Read on to discover 6 entrepreneurs in our portfolio that are setting the benchmark for impact and innovation.

As the world’s leading ecosystem of funds and accelerators, New Energy Nexus supports diverse clean energy entrepreneurs, giving them the tools, networks or funds they need to thrive.
marshall and cozy

”New Energy Nexus and The Clean Fight positively impacted Radiator Labs’ growth by way of supportive programming and high-level corporate and investor introductions.” Marshall Cox, CEO of Radiator Labs

1. Decarbonizing New York’s legacy buildings

The Radiator Labs system provides room level temperature control and eliminates overheating in radiator-heated buildings. Their innovative ‘Cozy’ is a revolution in radiator heating, saving up to 45% on heating costs and their installations are 100% financeable through subsequent energy savings. 

NEX’s New York program, The Clean Fight awarded Radiator Labs with a financing grant of US$150,000 to expand their team and two pilot grants of US$97,000 & US$150,000 to support a hybrid electrification and an energy efficiency project. 

In 2021 Radiator Labs completed 15 projects installing approximately 3,500 units, mitigating approximately 1,800 tons of carbon annually.

2. Harvesting value from agricultural & forest waste

Takachar is on a mission to fight climate change by transforming massive amounts of waste biomass into marketable products around the world. 

Around US$120 billion of agricultural waste is generated every year. The burning of agricultural waste causes air pollution impacting human health and the global atmosphere. Using a novel concept called oxygen-lean torrefaction, Takachar has developed and patented the design of a small-scale, low-cost, portable equipment to convert waste biomass into solid fuel, fertilizer, and other specialty chemicals. If scaled, Takachar’s technology could reduce smoke emissions from agricultural waste by up to 98% and cut a billion tons of carbon dioxide a year.

NEX’s California programs, CalSEED & CalTestBed awarded a US$600,000 grant in non-dilutive funding and a voucher of ~$260,000 respectively, to conduct prototype testing at UC Santa Barbara’s Renewable Natural Gas Development Laboratory.

takachar 1

“If scaled widely, the Takachar technology can enable rural communities to create significantly more value from their un-merchantable crop and forest residues, thereby reducing the risks of wildfires, air pollution, and carbon footprint.” Kevin Kung, Founder and CTO
*Photo is of Vidyut Mohan, CEO and Co-Founder of Takachar.

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“When questioning myself about why I am here, I find the answer in promoting social progress and making the world a better place are aligned with New Energy Nexus’ mission.” Felix Wu, CEO and Founder, Seniverse

3. Using big data to make clean energy more efficient 

Seniverse is a big data company, leveraging satellite data, AI, machine learning and IoT to deliver asset-level physical risk predictions on a computing platform. Seniverse’s technology predicts average power consumption with 3.02% greater accuracy, which both lowers the cost, and increases generation, of solar and wind power. 

Seniverse is a member of New Energy Nexus’ second EXCEL Accelerator cohort. During the program, NEX provided deep-dive workshops with leading corporations, one-on-one interviews with business units, connected Seniverse with investors and recommended them for various international awards.

4. Supplying clean energy products to refugee communities

Kiryandongo Refugee Settlement is an off-grid community hosting over 65,000 people from countries bordering Uganda. The majority of the households rely on firewood for cooking, kerosene for lighting and drink unsafe water. Children’s Hope International Ministry is a community-based organization (CBO) extending psychosocial support to children and women and increasing energy access by distributing and selling clean energy products in the settlement.

The organization has reached over 100 households and hopes to expand and create awareness of clean energy products, especially cookstoves and solar lanterns. It has also earned revenue from the profits to run more activities. NEX introduced the CBO to the clean energy business model, provided training to increase sales and run a business. We also offered stock capital to start the business as the CBO had no funds or collateral to present to banks to access financial assistance. 

reverand and daniel of children's hope ministry in kiryandongo refugee settlemet taking count of their stock in their energy business. we recently extended our model to humanitarian settings

“Clean energy products reduce stress on environmental resources. I hope that our work can help the community appreciate the importance of the cookstoves, briquettes and solar lanterns so they can become self-appointed ambassadors and users.” Deacon Rwemigio Raphael, Founder and Director of Children’s Hope International Ministry

solar panels

“I have been in the renewable sector for six years. But the amount of knowledge or confidence I am getting after being associated with [this program] is something beyond my expectations. The most amazing part is that all the mentors try their best to associate us with various opportunities that comes along the way. Thanks.. for giving [me] this opportunity to grow…” Saikrishna Mohanty, Founder & Managing Partner, Solar Infra

5. Accelerating adoption of solar energy systems

Solar Infra specializes in solar installation, project works, assembling, and supplying solar products. Solar Infra has installed more than 2.5MW of solar products. Their household products use brushless DC motors which lower electricity consumption. Through all the solar products installed and sold, Solar Infra has reduced ~1.8 tons of GHG emissions. Their solar products such as solar sewing machine, incense machine, solar-operated drip irrigation for farmers, and rope making machines have provided livelihood opportunities for more than 700 households.

Solar Infra is a part of NEX’s Climate Ready for Women in Energy program (in partnership with Climate Collective) which has provided business literacy skills, support on their pitch deck for investors and mentorship support to launch new livelihood products.

6. Pioneering swappable battery infrastructure in Indonesia

The two biggest problems with e-motorcycles, a potentially massive mode of transport in Indonesia, are perceptions about their range and the longer time it takes to charge. SWAP is city-based infrastructure of battery swapping stations for e-motorcycle riders. No more cords, no more hassle, battery is being swapped with a fully-charged battery within 9 seconds.

SWAP has 350+ units of e-motorcycles on the road, 250+ battery swapping stations deployed, 440,000+ cumulative kilometers driven, 37 tons of total CO2e reduced, and a charging station network in four cities.

NEX introduced SWAP to potential investors, supported the SWAP team to prepare funding documents, how to calculate their GHG reduction and offered mentoring services to help them develop their business management skills.

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“Nexus has motivated SWAP to focus on the single thing that mattered – build something impactful for the new era of energy.” 
Kevin Phang, Co-founder of Swap Energi Indonesia

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Climate of Change podcast with Cate Blanchett and New Energy Nexus CEO Danny Kennedy launches

HRH PRINCE WILLIAM, MARY ROBINSON, ADAM MCKAY, KATY MILKMAN, IMOGEN HEAP AND MORE JOIN THE LINE-UP FOR NEW AUDIBLE ORIGINAL PODCAST, CLIMATE OF CHANGE WITH CATE BLANCHETT AND DANNY KENNEDY

Launching today, the series showcases the ground-breaking work being done around the world to tackle the biggest environmental challenges facing humankind

LONDON – April, Thursday 14th 2022 – Audible, a world-wide leader of spoken-word entertainment, has today announced a line-up of inspirational innovators, activists and thought leaders, including His Royal Highness Prince William, Mary Robinson, Adam McKay, Katy Milkman, Imogen Heap, Rutger Bregman, Jeraiza Molina, Agamemnon Otero, Becky Paisley and more, as part of the Audible Original podcast series, Climate of Change with Cate Blanchett and Danny Kennedy, launching exclusively on Audible today. 

Across six episodes, listeners will hear long-term friends, award-winning actor, producer and environmental advocate, Cate Blanchett and climate entrepreneur and activist, Danny Kennedy, explore eco-anxiety and optimism. Leaning into Danny’s experience in clean energy, the pair raise awareness of the emerging technological revolution that’s offering hope in the face of the unfolding climate crisis. Throughout the series, Cate and Danny speak directly to visionaries and trendsetters who are making innovative strides to turn the tide on climate change, from the Navajo Nation in Arizona to the Australian Outback.

Prince William joins Cate and Danny in Episode 2 “The Disruptive Decade” to give an exclusive update about his ambitious Earthshot Prize since the first winners were announced last year. Inspired by President John F. Kennedy’s ‘Moonshot’, which united millions of people around the goal of reaching the moon, The Earthshot Prize is a global environmental Prize and platform to discover, accelerate and scale ground-breaking eco-solutions to repair and regenerate the planet. A special extended cut of Prince William’s interview in Episode 2 is available to listen to on YouTube where His Royal Highness discusses the positive innovations the Prize has already highlighted and the progress being made to support and scale their global impact. 

Joining the wider Climate of Change line-up of guests are other recognisable names, including Oscar-winning filmmaker Adam McKay (Dont Look Up); Grammy award-winning electronic music artist Imogen Heap, who composed the soundtrack to the series alongside biologist, wildlife television presenter & documentary filmmaker Dan ONeill; and founder of the Green Carpet Challenge, filmmaker and environmental and social justice activist Livia Firth. All three join Cate and Danny in the final episode of the series “Culture of Change”, which spotlights film and the wider arts, to ask how the industry can really make a difference through storytelling and beyond. 

Listeners can also expect to hear from some of today’s most important climate crisis thinkers, including social historian Rutger Bregman (Humankind: A Hopeful History), former President of Ireland Mary Robinson, and author and professor, Katy Milkman (Behaviour Change for Good). Climate of Change also travels to the Navajo Nation in Arizona to uncover how renewables are helping systematic problems in the region; to the Atacama Salt Flats in Chile, where lithium extraction is wreaking havoc; and to Australia where ground-breaking Drone Stringing technology is seeking to transform the lives of many without access to power. 

And when it comes to practical innovations on the ground, UK listeners will discover pioneering work being done on home soil, where initiatives in Sunderland and Cornwall have joined the frontline of the fight, thanks to the UK’s first Gigafactory and the reignition of sustainable mining for minerals used in rechargeable batteries. Providing insight and conversation that explores the psychological and the practical, Climate of Change celebrates the ground-breaking work being done across the globe.

Co-hosts and co-creators of Climate of Change, Cate Blanchett and Danny Kennedy said: “Climate innovations are disrupting how the world operates in incredible ways, but this progress is not yet fast enough, nor is it spread equally around the world. We already have a lot of the technology we need – like solar and batteries – to keep the world under 1.5˚C and stave off the worst impacts of climate change. What we need now are more climate innovators all around the world coming up with bundles of solutions and spreading them at speed. That’s why we’re thrilled to shine a spotlight on some of these innovators in this podcast.”

The Audible Original podcast was created and produced by Dirty Films, in association with StoryHunter, for Audible. The podcast is available to listen to now exclusively at http://www.audible.co.uk/climateofchange 

For more information, please contact Camilla Mosley at Audible, cammosc@audible.co.uk 

Episode Descriptions

Episode 1: “The Sooner the Better” finds our hosts and long-time friends Cate Blanchett and Danny Kennedy talking about Cate’s eco-anxiety and we learn why Danny is ever-the-optimist. We get advice from former President of Ireland, Mary Robinson about how to become “prisoners of hope”.  Social historian Rutger Bregman tells us why we should be more positive about humankind and we travel to The Philippines to meet entrepreneur Jeraiza Molina who is bringing clean energy to night fisherfolk.

Episode 2: “The Disruptive Decade” Cate and Danny chat with HRH Prince William about his ambitious Earthshot Prize and hear about some of the ground-breaking solutions from the 2021 Earthshot Finalists and Winners. Other guests include economic thought leader and author Tony Seba and Agamemnon Otero, who is transforming communities and train platforms across London.

Episode 3: Cate and Danny explore the “Collective Urge” to harness the power of the sun over the ages. Navajo Power is using utility scale solar to give the Navajo Nation access to electricity and an economic future in their native lands.  We pick apart how solar energy generation may be a force for social good if we can embrace change.

Episode 4: In “Collective Action” Cate and Danny meet some of the innovators changing the way we use, move and store energy. And author and inventor Saul Griffith leads the call to ‘electrify everything’ in order to build back better.

Episode 5: Ever heard the phrase “Boring as Batteries”? Danny will attempt to convince Cate that batteries are the lynchpin of our future fairer planet, and at the heart of a global renewable revolution.

Episode 6:  Cate’s beloved film industry comes under the spotlight in “Culture of Change” as she and Danny delve into the role the creative arts play when telling the story of climate change. Can films, literature, art, fashion and music really make a difference? They speak to director Adam McKay (Don’t Look Up), artist Luke Jerram (Gaia), fashion activist Livia Firth and musician Imogen Heap.

Full series guest list and contributors:

  • Mary Robinson – Former president of Ireland and currently Chair of Nelson Mandela’s “Elders” – Ireland
  • Rutger Bregman – Social historian and author of Humankind: A Hopeful History – Netherlands
  • Jeraiza Molina – Co-founder of Shiftech Marine, Philippines (NB English v/o to be re-recorded) – Mindanao
  • Prince William – Earthshot Prize finalists and winner updates from:
    • Vidyut Mohan, Co-founder and CEO, Takachar (India)
    • Olugbenga Olubanjo, CEO, Reeddi (Nigeria)
    • Dr Katherine Dafforn, Co-leader, Living Seawalls (Australia)
  • Tony Seba – thought leader, academic and author of Clean Disruption of Energy & Transportation
  • Energy Gardens – tackling fuel poverty with renewables and democratizing the energy system – London
  • Andrew Birch – Solar expert, founder of solar design software OpenSolar – Devon
  • Navajo Power – Clean energy on tribal lands, SW USA
  • Katy Milkman – Behavior Change for Good Initiative – Expert on the scientific methods could change behavior around climate crisis
  • OhmConnect – Residential energy demand response company, California
  • Infravision – Drone power line stringing, providing energy to hard-to-reach places, based in Australia 
  • Renewell – Transforming abandoned oil wells and fracking sites across the US
  • Saul Griffith – Thought leader, founder of Rewiring America and author of Electrify Everything, San Francisco
  • Thea Riofrancas – Political science Professor, focusing on resource extraction in Chile
  • Owen Mihalop, Cornish Mining – low impact mining 
  • Becky Paisley, Cornish Lithium – extracting high grade lithium to fuel green tec
  • Sunderland, Gigafactories – battery production at an enormous scale and job generation
  • Kari Estrevag, Hydrovolt – Electric car battery recycling, Norway
  • Imogen Heap – Music artist, composer and producer and created soundtrack for Climate of Change
  • Dan O’Neill Wildlife television presenter & documentary filmmaker
  • Luke Jerram – Multi- disciplinary artist, creator of Gaia
  • Livia Firth – Founder of the Green Carpet Challenge
  • Adam McKay – Film director “Don’t Look Up”

About Audible

Audible, an Amazon company, is a leading creator and provider of premium audio storytelling, offering customers a new way to enhance and enrich their lives every day.  Audible.co.uk content includes more than 700,000 audiobooks, podcasts, and Audible Originals. Audible has millions of members around the world who subscribe to one of 10 localised services designed for customers in Australia, Canada, France, Germany, India, Italy, Japan, Spain, the UK, and the US. Audible members download nearly 4 billion hours of content annually and listen across a wide range of supported devices.

About Dirty Films

Dirty Films is an independent film, television and podcast production company, whose partners are Cate Blanchett, Andrew Upton and Coco Francini. The company has a first look deal with FX Productions for television projects, and with New Republic Pictures for feature films. Dirty Films executive produced Christos Nikou’s APPLES, which was named one of 2020’s Best International Films by the National Board of Review. It was also Greece’s official submission for the Best International Feature for the Academy Awards. Blanchett and Francini produced the 10-time EMMY-nominated MRS AMERICA for FX, which was named one of 2020’s Best Television Shows by the American Film Institute. Dirty Films also produced the 13-time AACTA-winning series STATELESS for Netflix, which Blanchett also co-created, in addition to executive producing the feature documentary BURNING from director Eva Orner for Amazon. Other film credits include CAROL, TRUTH, LITTLE FISH, and THE TURNING. Upcoming film projects include: A MANUAL FOR CLEANING WOMEN with director Pedro Almodovar; THE CHAMPIONS with director Ben Stiller; and QUEEN BITCH AND THE HIGH HORSE with Directors Bert and Bertie.

About Cate Blanchett

Cate Blanchett is an internationally acclaimed, Academy award-winning actor, producer, artistic director, and humanitarian. She is a Global Goodwill Ambassador for UNHCR, the UN Refugee Agency, and a lifetime member of the Australian Conservation Foundation. Blanchett is also a strong supporter of the Australian Wildlife Conservancy and received a Crystal Award at the World Economic Forum in Davos for her work with UNHCR. In 2012, Blanchett was awarded the Chevalier de l’Ordre des Arts et des Lettres by the French Minister of Culture. She has presided over the festival juries in Cannes (2018) and Venice (2020). She has received Honorary Doctorates of Letters from the University of New South Wales, the University of Sydney, and Macquarie University as well as the Companion of the Order of Australia in the General Division in recognition of her continued advocacy for the arts as well as humanitarian and environmental causes. Currently, Blanchett is in pre-production for the Apple series “Disclaimer” directed by Alfonso Cuaron, in which she will star and executive produce. Most recently, Blanchett wrapped production for the Todd Field-directed feature TAR, in which she will also star and executive produce, as well as Del Toro’s PINOCCHIO for Netflix. She can now be seen starring in Guillermo Del Toro’s NIGHTMARE ALLEY for Searchlight Pictures, as well as Adam McKay’s film for Netflix, DON’T LOOK UP. Alongside Andrew Upton (with whom she was co-CEO and Artistic Director of the Sydney Theatre Company from 2008 – 2014), she is the co-Founder and Principal of film and television production company Dirty Films.

About Danny Kennedy 

Danny Kennedy is the CEO of New Energy Nexus (NEX), the world’s leading ecosystem of funds and accelerators supporting diverse clean energy entrepreneurs. Since 2004, NEX has accelerated over 600 clean energy startups, supported over 3000 entrepreneurs, and leveraged over US$1.5 billion in investment. NEX started in Silicon Valley and now operates in China, India, Indonesia, Nigeria, the Philippines, Singapore, Thailand, Vietnam, Uganda and the USA – a global clean energy solutions movement.

Danny is also Managing Director of the California Clean Energy Fund, and is an advisor to clean energy companies in Australia, China, Kenya, the Philippines, USA and elsewhere. Danny co-founded Sungevity, a solar pioneer in 2007, was the first backer of now US$6 billion solar loan provider Mosaic in 2011, and an author of a book on rooftop solar. He speaks regularly to media and at major conferences, and is co-host with Cate Blanchett of Climate of Change on Audible. 

Media contacts:

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

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

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China
What is blockchain’s role in China’s renewable energy boom?

by Yafu Zhao, Head of Climate Fintech, New Energy Nexus China.

darmau lee b3e 3zbgz68 unsplash

Dunhuang Solar Power Station, Gansu Province, China. (Photo Credit: Darmau Lee)

Blockchain will emerge as key development in climate fintech in 2022, mainly due to the boom of distributed renewable energy projects, such as residential solar and the tracking of supply chain carbon emissions data.

Spurred by the central government’s 2060 carbon neutrality goal, there has been a rapid increase in distributed renewable energy projects in China, but blockchain tech can help banks unlock even more opportunities.

Distributed solar used to be the most under-banked area of renewable energy, especially for residential solar. For banks, the cost of performing due diligence is high, and they find it challenging to manage and properly measure the risks associated with these projects. For instance, it takes almost the same amount of effort to evaluate a 50kW project compared to  a 1MW project because an  in-person inspection is usually required. And in addition, banks lack proper tools to control the risks of data manipulation in power generation, which is why many hesitate to finance distributed solar projects and charge higher interest compared to utility scale projects. 

Climate fintech, especially blockchain technology, however can go a long way in resolving these challenges. Electricity-generation data, for instance, can be collected by sensors connected to the solar panel, which can then be stored on the blockchain – a decentralized network that ensures the authenticity and immutability of data. Banks can then access this data on a regular basis to measure the performance of these projects, preventing the risk of fraud and saving inspection costs. Such data can also be used should a bank decide to sell its residential solar loan to another financial institution, therefore improving the efficiency of such financial transactions. 

Given the booming distributed solar market in China and other parts of the world, we predict that the adoption of blockchain technologies for distributed climate finance will increase in 2022. 

In 2021, distributed solar PV represented 53.4% of total installation, which was up from 32.2% in 2020 (source here, in Chinese). Residential solar demonstrated the fastest growth in 2021:  21.5 GW of residential solar was installed, an 115% increase from 2020.

This trend is likely to continue in 2022 for four reasons: 

  1. Demand for solar is expected to be enormous this year as prices for materials in the solar supply chain are expected to drop (due to the increase of production capacity, in particular polysilicon).
  2. The unit cost of installing a residential solar PV project is lower than that of a utility scale project because less construction is required and the higher electricity price from end users can offset installation costs;
  3. Residential solar is still entitled to subsidies in some provinces in China compared to  utility-scale solar which no longer enjoy subsidies;
  4. The market has been accelerated by the National Energy Administration (NEA)’s notice regarding county-level trials of distributed solar power generation designed to boost rooftop solar capacity. 

Supply chain carbon data tracking is another factor driving the adoption of blockchain technology. Scope 1 and Scope 2 emissions are low-hanging fruits for carbon emission calculation, but Scope 3 emissions, which includes complex upstream and downstream emission data, require calculation by more advanced technologies [1]. 

The European Union will impose carbon tariffs on selected carbon-intensive imports  from 2026, which means that there is an added urgency for exporters to track carbon emissions in supply chains. In this context blockchain tech will help enhance the traceability, transparency and accountability of carbon emission data, just as it has for distributed renewable energies. For multinational corporations such as Apple and L’Oréal who have pledged to reduce their emissions, blockchain technology will help them monitor carbon emissions in their supply chains. An additional benefit: emission data stored on the blockchain is immutable and transparent, which helps prevent greenwashing in climate finance. Banks can therefore easily identify climate-friendly projects and clearly estimate the impacts of their green loans. 

As CEO of Rivtower, Shawn Wang said: “Blockchain can significantly reduce the friction cost of transactions and enhance the efficiency of a sustainable finance network.”. Rivtower is currently providing services for China Merchants Bank (CMB). 

Keep an eye on this space if you’re an investor or keenly follow China clean energy and technology space, and reach out if you want to partner with us.

For more information: check out this Webinar with Shawn Wang (in Chinese) with CEO of Rivtower. For more climate fintech stories and applications, please download the New Energy Nexus Climate Fintech Report or contact us at hellochina@newenergynexus.com

[1] Definition of Scope 1, 2, 3 by “The Greenhouse Gas Protocol”: Scope 1: Direct GHG emissions; Scope 2: Electricity indirect GHG emissions; Scope 3: Other indirect GHG emissions. https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf
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Indonesia
New Energy Nexus announces funding for 4 early-stage clean energy startups in Indonesia

Jakarta, 29 March 2022 – New Energy Nexus (NEX), through its Indonesia 1 Fund and Smart Energy Grants, has provided funding to four early-stage clean energy startups [1]. The initiative aims to bridge the funding gap for clean energy start-ups in Indonesia.

Two new companies have been added to the Indonesia 1 Fund portfolio: SES, an energy efficiency company, and SWAP Energy, an e-mobility startup. The Fund has also recently co-invested with East Ventures (an EV growth fund), PT Saratoga Investama Sedaya Tbk. (Saratoga), and Schneider Electric in a follow-on investment in the solar PV startup, Xurya, in its US$ 21,5 million Series A roundthe largest Series A funding received for a clean energy startup in Indonesia.

“We’re seeing an incredible opportunity for clean energy and climate innovation startups in Indonesia to galvanize the sector. We are still heavily dependent on fossil fuels, but by empowering clean energy startups we will be able to stimulate the investment climate, accelerate the clean energy transition, and create green jobs,” said Diyanto Imam, Program Director at New Energy Nexus Indonesia.

“We aim to bridge early-stage fundings gaps for clean energy and climate innovation start-ups in Indonesia, which we see as a major gap in Indonesia. That’s why we have provided funding to 16 startups since early 2019 through our Smart Energy Grants and Indonesia 1 Fund. Our goal is to accelerate Indonesia’s clean energy transition, and support the Government’s commitment to addressing climate change.”

According to Indonesia’s Ministry of Energy and Mineral Resources data, Indonesia has up to 400,000 MegaWatt (MW) of renewable energy potential, with solar and hydropower targeted for priority development.  

“By the end of 2021, Xurya has installed 57 Rooftop Solar Power Plants. With the Series A, we aimed to accelerate the energy transition in Indonesia by investing more in the development of technology and human capital,” said Eka Himawan, Managing Director of Xurya Daya Indonesia.

CEO of SES, Steve Piro said: “SES is very excited to have gone through Nexus’ accelerator program and now have them as a strategic partner. SES plans to leverage Nexus’ network of potential clients and investors as well as lean on them for strategic advisory.” The Indonesia 1 Fund has co-invested with SEACEF for this investment.

“NEX has always been our biggest supporter in terms of coaching and finances. With NEX investment participation in our Series pre-A round funding, SWAP Energy will accelerate the adoption of electric vehicles even further, supporting the Indonesian government to reach a target of 13 million electric motorcycles on the roads by 2030,” said Irwan Tjahaja, Founder & CEO of SWAP. 

Led by Kejora-SBI Orbit, the Indonesia 1 Fund has co-invested with other investors such as Baramulti Group, Living Lab Ventures (an affiliate of Sinar Mas Group), strategic corporate investors, and high-net-worth investors in Swap Energy’s recent oversubscribed Series pre-A round.

In addition to the Indonesia 1 Fund, New Energy Nexus Indonesia is mobilizing grants through its Smart Energy Grant. This program aims to support startups on their prototyping stage and helps them to validate their business ideas. As of December 2021, New Energy Nexus Indonesia awarded grants for nine clean energy and climate innovation startups. Powerchain, an IoT company, is the latest recipient of Smart Energy Grant for its latest pilot project named “Konde”, an LED smart lighting product designed for street lighting (Lampu Penerangan Jalan Umum). 

“With the Smart Energy Grant that Powerchain received, we expect it to be the stepping stone for Powerchain to expand our market, an upcoming project that potentially can reach 14 thousand installations of smart lighting systems in Java Island and West Nusa Tenggara by Q2-2022,” said Yayan Santoso, the CEO of Powerchain.

NEX supports clean energy and climate entrepreneurs in Indonesia, enabling startups to develop innovative products/services, expand their market, and generate strong economic, social, and environmental impacts. This is aligned with the Indonesian government’s goal to reach 23% renewable energy source in 2025. In 2022, Indonesia will also host the G20 Summit and is expected to call for the acceleration of the global energy transition.

Note to editors:

[1] Indonesia 1 Fund is supported by the Ikea Foundation. 

New Energy Nexus (NEX) is an international organization that supports clean energy entrepreneurs with funds, accelerators, and networks. We started in California and operated programs in Indonesia, China, India, Southeast Asia, and East Africa. Since 2019, New Energy Nexus Indonesia has helped 60 startups through the incubation and acceleration process with Smart Energy Program.

For further information on New Energy Nexus Indonesia grants and fundings, please visit our website.

Media contacts:

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

Raisha Fatya
Communications Manager, New Energy Nexus Indonesia
Raisha.Fatya@newenergynexus.com
M: +628118980051

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

News
Nigeria
New Energy Nexus and Clean Tech Hub announce partnership to scale clean energy entrepreneurship in West Africa

24 March 2022, Abuja, Nigeria – A new partnership between New Energy Nexus and Clean Tech Hub announced today will accelerate diverse clean energy entrepreneurs and the development of local ecosystems to support climate solutions across Nigeria and West Africa.

Located in Abuja, Nigeria, Clean Tech Hub is a pioneering hub for the research, development, and incubation of clean technologies, increasing energy access and improving climate resilience. The partnership will leverage New Energy Nexus’ expertise in accelerating clean energy startups around the world through funds, skills and networks at the most critical stages of an entrepreneur’s journey to build their climate solution. 

“Clean Technology Hub has been a leading accelerator in the Clean Tech ecosystem for several years, incubating several early-stage startups and providing them with growth support in the years to come. We are excited to meet New Energy Nexus in this partnership and to continue supporting clean energy startups,” said Ifeoma Malo, CEO and co-founder at Clean Tech Hub. 

“Our partnership with New Energy Nexus will allow us to further scale our impact as we expand across West Africa – a particularly urgent task given the need for grassroots and locally developed solutions to tackle the climate crisis.”

West Africa is at the forefront of climate change impacts, but is also poised to be a center for economic growth and innovation. Nigeria, already the largest economy and population in Africa, is projected to have the 14th largest economy by GDP in the world by 2050. Over 30% of Nigerian residents are new entrepreneurs or the owner/manager of a new business – among the highest rates in the world. West Africa, home to more than 380 million people, is one of the youngest and fastest growing populations in the world.

“There are not enough diverse and thriving clean energy entrepreneurs to match the scale of the clean energy transition, at the global level, let alone in the regions we need it most. That’s why we are thrilled to partner with Clean Tech Hub. Not only is it Nigeria’s leading organization supporting clean energy innovation, it is perfectly positioned to scale local climate solutions across West Africa,” said Danny Kennnedy, CEO of New Energy Nexus.

The New Energy Nexus and Clean Tech Hub partnership is a region-wide acceleration program for West African countries with a climate fintech program in Nigeria already in an early design stage.

About Clean Tech Hub

Clean Tech Hub is a pioneering hybrid hub for the research, development, demonstration and incubation of clean and green ideas and technologies in Africa, and their validation for commercial-stage development.  It is an early start-up incubator for inventions and innovations in clean energy, a consultancy for sustainability and energy efficiency solutions and a driver of clean energy investment into Africa.

Media contacts:

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

Ifeomo Malo
Co-Founder/CEO, Clean Tech Hub
hello@cleantechnologyhub.org

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
Women
What challenges do women face to become clean energy entrepreneurs?

What are the unique challenges and hurdles women face to become clean energy entrepreneurs? What needs to be done to break down these structural barriers? And what advice do other women in the clean energy ecosystem have for up and coming talent? We asked some experts around the world at New Energy Nexus.

Only 20% of global startups are led by women (2019), while women represent only 32% of the workforce in the renewable energy sector. 

The challenges are social, cultural and financial…

In the United States, female founders remain far behind their male counterparts in raising venture capital. According to an article published by Bloomberg: “Female founders secured only 2% of venture capital in the U.S. in 2021, the smallest share since 2016 and a sign that efforts to diversify the famously male-dominated industry are struggling.” This means that women need to find alternate means of raising the funds to support the development and commercialization of their innovations. 

‘’Considering these hurdles, incubators, accelerators and other government programs are working hard to deliver funding, education and resources at the right time to female entrepreneurs to close this gap. NEX is on the forefront of this mission, seeking to provide critical support to a diversity of entrepreneurs so that they can be successful despite lack of venture capital funding.’’ Tenley Dalstrom, Director at CalTestBed (our California program)

mia perez

Mia Perez of Solarwise PH, a startup that offers a centralized one-stop online platform linking solar customers, installers & suppliers, supported by NEX Philippines.

In the Philippines and India, the socio-cultural conditioning and gender biases significantly disadvantage women in business, especially in the energy sector, which is perceived to be a male-dominated industry. Another challenge is the lack of strong women role models in the industry to look up to or engage with as mentors.

”There are still informal and social myths and constraints that women face which can stem from lack of strong women role models in energy entrepreneurship to societal expectations that women are less likely to bear harsh working conditions’’ – Brenda Valerio, NEX Philippines Program Manager 

In Uganda, some of the main challenges faced by female entrepreneurs are related to access to training. Most women entrepreneurs hesitate to start clean energy enterprises due to beliefs that they should have expertise in manufacturing and repairing clean energy products. They are unsure of the requirements by financial institutions and ways in which they can access financing for energy related businesses. This has resulted in the under-representation of women at all levels in the energy sector. 

‘’Financial structural impediments to gender equality translate into barriers to access investment capital. Most financial institutions require assets for one to access credit, yet in the past women were denied property ownership rights to their father’s assets which limits their access to credit’’ Mackline Banaga, Program Analyst at ENVenture (powered by New Energy Nexus)

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Heather Hochrein, Founder and CEO of EVmatch, said “This Rapid Response grant will immediately strengthen EVmatch’s ability to sustain our community-based EV charging network and grow our network at multi-family residential properties throughout California.”

How does NEX support women entrepreneurs?

A 100% clean energy economy for 100% of people requires us to rebalance the scales of power and money: shifting resources to support innovation where it’s needed most, empowering those traditionally excluded from the start-up ecosystem, and focusing on clean energy adoption as much as clean energy innovation. That’s why striving for justice, equity, diversity, and inclusion is fundamental to our mission.

The New Energy Nexus California Programs, CalSEED and CalTestBed, support women and entrepreneurs from underrepresented communities, via an “equity in – equity out” framework. Both programs are committed to ensuring diverse communities across California have the opportunity to participate in the development and implementation of their clean energy solutions. To achieve this goal, the teams actively conduct targeted outreach to ensure that the applicant pool is representative of all Californians. Entrepreneurs are also encouraged to explore innovative ways to bring equitable and impactful clean energy solutions and opportunities to California’s most disadvantaged populations.

NEX California was also awarded a Wells Fargo/National Renewable Energy Lab IN2 Rapid Response grant to support underrepresented entrepreneurs affected by the covid-19 pandemic who contribute significant social impact. The awardees for these grants were female founders who each received US$15,000 non-dilutive grants, networking, and professional development that helped them survive the challenges posed by the pandemic.

In the Philippines, NEX events are designed to incorporate safe spaces where everyone can voice their opinions and insights. The team constantly seeks feedback from the participants on how they can be better supported and create more impact. 

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Saikrishna Mohanty of Solar Infra, a startup supported by NEX India in partnership with Climate Collective

NEX India supports aspiring women graduates and university students to take up entrepreneurship in clean energy and energy access through a unique startup simulation approach. NEX India also runs early stage accelerator programs for women-led startups in clean energy and energy access to bridge knowledge gaps, build business literacy, build networks and increase confidence to scale up.

‘’NEX India has built an integrated approach to run programs that support a higher number of women to take up entrepreneurship in clean energy and energy access. They support women-led startups in early stages to build capacity and ensure diverse pipelines’’ Jui Joshi, NEX India Program Lead, Women in Energy Entrepreneurship

ENVenture, powered by New Energy Nexus offers women entrepreneurs business management training, mentorship and coaching programs aimed at improving their business acumen skills and giving them practical experience to run sustainable energy enterprises in the last mile. An effective a loan product has also been designed with women in mind, to address traditional impediments of access to capital. 

‘’We prioritize women and create an environment for them to start sustainable businesses by providing them renewable energy stock loans, cash to boost, accelerate, and grow their clean energy businesses. For instance, 70% of our enterprises in our program are women-led’’ Robert Birungi, Head of Credit at ENVenture, powered by New Energy Nexus

What advice do you have for women entrepreneurs with a clean energy idea or want to create a startup?
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Rose Juliet Tabu, a clean energy entrepreneur selling cookstoves and solar supported by NEX in the Bidi refugee settlement in West Nile.

The three pieces of advice were repeated by experts from across New Energy Nexus:

  • Build your network: join professional organizations that are focused on your field, participate in webinars, networking events, make contacts, and follow up.
  • Nurture a team of mentors and champions: It is important to build these relationships through authentic interactions, rather than transactional requests. Make sure you bring something to the table instead of only asking for help.
  • Know your stuff: Make sure that you understand what problem your innovation is solving, the stakeholders involved, your product-market fit, the details of your technology, impact goals, technology readiness level and next steps toward commercialization.

According to the World Bank Gender performance indicator report (2013), women perform better in loan repayment as compared to their male counterparts. They should believe in themselves and be confident enough to acquire credit to start clean energy businesses. Also, one doesn’t necessarily need the technical expertise in manufacturing and repairing clean energy products to run a successful clean energy business, just basic business literacy and understanding of business models is essential. Thus women should step up and start up clean energy businesses being at the forefront of increasing energy access. 

If you’re a woman entrepreneur with a clean energy or climate  innovation waiting to take off, get in touch and check out our programs around the world!

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