Ten Regional Clear Power Corporations Graduate from Cleantech San Diego Startup Incubator
Annual Southern California Power Innovation Community Showcase Occasion Being Held November 9
SAN DIEGO, CA, November 1, 2022 – Cleantech San Diego right this moment introduced the commencement of ten native clear power corporations – Chilldyne, Managed Thermal Assets, Ivy Power, NeoCharge, Occuspace, South 8 Applied sciences, Qubitekk, UCAP Energy, VLI-EV, and XENDEE – from its Southern California Power Innovation Community (SCEIN).
SCEIN is an incubator program for clear power startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which are creating applied sciences to assist California meet its clear power objectives. This system presents free enterprise providers by a consortium of regional accomplice organizations and personal sector corporations to assist entrepreneurs efficiently deliver their power improvements to market.
Since coming into SCEIN, these ten corporations have secured a number of clients, constructed sturdy gross sales pipelines, and raised ample capital to assist the scaling of their breakthrough power companies. An organization graduates from SCEIN when it’s mutually agreed that they’ve utilized the total vary of sources and referrals made out there to them. Seventeen regional clear power corporations have now graduated this system after receiving custom-made enterprise service plans from SCEIN.
“SCEIN is happy to have been in a position to present providers and assist that has enabled all ten of those progressive corporations to speed up market traction of their breakthrough clear power options,” stated Marty Turock, Govt Director of SCEIN. “Every of their merchandise create thrilling new methods for purchasers to scale back power use, lower your expenses, and curb greenhouse fuel emissions – all whereas creating new jobs and furthering California’s cleantech economic system and local weather objectives.”
Cleantech San Diego launched the SCEIN program in 2016 after successful a grant from the California Power Fee. Over this system’s first six years of operation, SCEIN member corporations have commercialized progressive applied sciences which are accelerating market transformation in transportation electrification, grid and constructing decarbonization, power effectivity, and resiliency. In 2021, the California Power Fee accredited follow-on funding for SCEIN to proceed supporting power entrepreneurs by 2026.
Up to now, 66 corporations have been served by SCEIN, 31 of that are at the moment energetic in this system. Collectively, these startups make use of 629 individuals, have had 386 patents accredited, and have raised over $300 million in follow-on funding from private and non-private sources since being accepted into this system. 79 % of SCEIN corporations have C-Suite variety.
“The Southern California Power Innovation Community shouldn’t be solely serving to the following wave of power entrepreneurs deliver their applied sciences to market, however it’s guaranteeing the higher San Diego area – together with the Imperial Valley and the Inland Empire – and the state of California stay aggressive within the clear expertise and renewable power sectors,” stated Cleantech San Diego President and CEO Jason Anderson. “It’s thrilling and rewarding to see SCEIN corporations offering new progressive options which are offering cost-effective clear power applied sciences that may assist all Californians cut back their power prices and environmental impression.”
SCEIN functions are accepted on a rolling foundation. Anybody all for making use of as an entrepreneur, changing into a mentor, becoming a member of the Technical Advisory Committee, or internet hosting a pilot demonstration venture, can be taught extra at cleantechsandiego.org/scein.
Subsequent week, Cleantech San Diego is internet hosting its annual Southern California Power Innovation Community Showcase occasion on November 9, 2022, from 9:00 – 11:00 am. This free, digital, public occasion will function displays from 9 different clear power startups at the moment engaged within the SCEIN program. The showcase is designed to lift the visibility of those corporations with VCs, traders, strategic companions, and potential clients. Be taught extra and register at cleantechsandiego.org/occasion/sceinshowcase2022.
Quotes from SCEIN Graduates:
“The SCEIN program was an enormous asset for Ivy Power when initially launching the platform and dealing in direction of demonstrable product market match,” stated Ivy Power Founder and CEO Dover Janis. “SCEIN was there to attach Ivy’s workforce to skilled advisors, level them in direction of public packages that would help in validation and funding, and provides invaluable suggestions on technique. The SCEIN program helps entrepreneurs with nice concepts get the assist they want that provides them credibility and confidence in probably the most tough phases of early validation and development.”
“The assist, connections, and alternatives that SCIEN supplies have been extraordinarily invaluable for NeoCharge,” stated NeoCharge co-founder and CEO Spencer Harrison. “We’ve actually loved working with everybody at SCEIN and couldn’t be extra grateful for all of the alternatives this system has offered.”
“We admire the SCEIN workforce’s steady mentorship through the years that Occuspace has been concerned in this system,” stated Occuspace CEO Nic Halverson. “We’ve acquired directional suggestions on high-level company technique and introductions to clients and traders which have been game-changing for our startup. You may inform the SCEIN workforce actually cares about its members and has put appreciable effort and time into serving to make Occuspace extra profitable.”
“The SCEIN program was instrumental in serving to develop our startup right into a formidable challenger within the power cupboard space right this moment,” stated South 8 Applied sciences Co-Founder and CEO Cyrus Rustomji. “This system was useful in figuring out grant alternatives, leveraging their community to connect with traders and third-party providers, and offering mentorship to assist navigate us by our enterprise development.”
“The sources SCEIN offered to Qubitekk had been invaluable,” stated Qubitekk CRO Corey McClelland. “As a startup with restricted funding, SCEIN allowed Qubitekk to develop utilizing their sources for mentoring, pitch deck improvement, and introductions to different entrepreneurs and traders. If you find yourself beginning an organization, you don’t understand how a lot assist is obtainable. SCEIN was a one cease store that helped information us over the valley of loss of life to profitability.”
“The SCEIN workforce has been probably the most skilled teams to work with,” stated UCAP Energy CEO Gordon Schenk. “SCEIN has been extremely instrumental in our NREL and Edison Award success in addition to the latest California Power Commissions CalTestBed grant we had been awarded.”
“Having secured a number of large-scale industrial utility, mass transit, and transportation electrification initiatives throughout the COVID-19 pandemic, we particularly appreciated SCEIN’s assist and referrals in figuring out and securing venture financing,” stated VLI-EV CEO Masao Nishikawa.
“Cleantech San Diego’s enterprise accelerator program has helped XENDEE faucet right into a community of occasions, mentors, traders, gross sales alternatives and authorities companies from across the globe,” stated Xendee Co-Founder and CEO Adib Nasle,. “Simply this June, we introduced our $12 million Collection A funding spherical and we look ahead to persevering with to be part of the exponential development of fresh power corporations in Southern California.”
In regards to the Graduating Startups:
Chilldyne presents a liquid cooling expertise that improves Information Heart power effectivity 20-40 % for a faster return on funding whereas additionally enabling ten-times greater density computing than conventional air-cooled programs. In contrast to different forms of liquid cooling, Chilldyne’s patented, negative-pressure expertise eliminates the danger of water leaks by pulling coolant by the system. The easy, direct-to-chip design means specialised technicians aren’t wanted for set up or new commissioning.
Managed Thermal Assets (CTR) is integrating geothermal energy and lithium extraction applied sciences to supply the world’s most sustainable supply of battery grade lithium to assist electrification of transportation and generate low-cost, renewable power. CTR has been instrumental in creating California’s Lithium Valley close to the Salton Sea, a wealthy useful resource with the potential of supplying 600,000 metric tons of lithium yearly. Amongst many latest milestone achievements for the corporate, final 12 months, the Biden-Harris Administration launched an EV Charging Motion Plan that included CTR and their strategic collaboration with Common Motors. This recognition of CTR’s work in Lithium Valley represented a significant milestone for the corporate and for the way forward for constructing a sustainable and accountable lithium battery provide chain in the USA.
Ivy Power developed the primary photo voltaic billing software program of its variety referred to as Digital Grid, fixing the break up incentive drawback of transacting photo voltaic power between residents in shared buildings. This enabled property homeowners to put money into rooftop photo voltaic and distribute photo voltaic power in a consumer-friendly method at a price financial savings to its residents. Digital Grid makes use of good grid logic to pretty distribute the photo voltaic power advantages of your complete group and ship an easy-to-understand month-to-month clear power expertise. Ivy’s shoppers on the platform right this moment are seeing $800-$1,500 in further NOI yearly per unit, whereas the top customers (tenants) see assured month-to-month power invoice financial savings of 5-20 %.
NeoCharge is optimizing dwelling power utilization by software program and {hardware} options. NeoCharge’s flagship product, the Good Splitter, allows electrical car (EV) adoption and residential electrification by making entry to 220-volt energy clear, straightforward, and inexpensive. NeoCharge’s Join is a vehicle-integrated software program that helps EV drivers observe their power prices, cut back their carbon emissions, and lower your expenses on their utility payments by charging at the perfect instances for the grid. NeoCharge has received quite a few awards together with the LACI Innovators Award, the CEC CalSEED award, and is a two-time winner of Caltech RocketFund’s grant. NeoCharge can be an Alumni of the Los Angeles Cleantech Incubator and is energetic within the Wells Fargo IN2 Incubator.
Occuspace supplies a camera-less, novel answer for reporting minute-by-minute indoor occupancy information that provides constructing homeowners the knowledge they should cut back complete power consumption by 10-20 %, optimize area administration, and enhance the occupant expertise.
South 8 Applied sciences spun out from UC San Diego in 2016 and is creating a novel Liquefied Gasoline (LiGas®) electrolyte for next-generation Li-ion batteries. In distinction to utilizing typical liquids, the LiGas electrolyte makes use of off-the-shelf gasses because the solvent for the electrolyte. The distinctive chemistry presents important security enchancment, world-record working temperature vary, and potential for enhancements in power, all whereas providing price discount alternatives from decrease supplies and manufacturing price. The patented expertise is an easy drop-in alternative for right this moment’s lithium-ion cells, minimizing switching price through the use of nicely understood and customary manufacturing methods. The LiGas electrolyte has been validated by main cell and automotive producers in addition to the U.S. Division of Protection.
Qubitekk manufactures quantum programs, designs system architectures, and integrates quantum expertise with classical infrastructure to resolve the quantum challenges of right this moment whereas getting ready for tomorrow. Along with its utility accomplice, Chattanooga’s EPB, Qubitekk has created and is actively deploying the primary industrial, subscription-based quantum community for the quantum business. As the one US-based producer of quantum community programs, Qubitekk’s parts are designed, engineered, and precision manufactured to combine seamlessly with present structure to offer unmatched quantum communications over optical fiber and in free area. Along with terrestrial quantum networking breakthroughs, Qubitekk is advancing the mixing of quantum communications {hardware} on unmanned aerial automobiles and low-earth orbit satellites, opening protection, aerospace, and industrial alternatives within the quantum area. Qubitekk received the 2022 Edison Gold Award and a 2021 R&D 100 award in collaboration with EPB, Oak Ridge Nationwide Laboratory, and Los Alamos Nationwide Laboratory.
UCAP Energy develops ultracapacitor-based energy options throughout a variety of renewable markets. Their programs use sustainable based mostly merchandise and supply a long-lasting supply of dependable high-power power storage that may assist get rid of lead-acid and different hazardous supplies in batteries. In Could of 2021, UCAP Energy accomplished the acquisition of Maxwell Applied sciences Korea, the Korean-based ultracapacitor enterprise, in addition to different associated property together with the Maxwell model. Earlier this 12 months UCAP Energy received awards on the 2022 NREL Trade Progress Discussion board within the classes of Rising Markets and Greatest Total Enterprise. As well as, the primary UCAP Energy product, the POWERBLoK, was a 2022 Edison Award winner within the Essential Infrastructure class.
VLI-EV is a one-stop sustainable and renewable battery power storage options supplier that gives proprietary controls software program with excessive energy (5C cost/discharge charges) and tremendous lengthy life with 25-year warranties. These programs cut back buyer power and peak demand cost prices by 20-40 %, in addition to CO2 emissions. VLI-EV addresses probably the most stringent battery power storage functions starting from utility scale frequency and voltage rules, renewable power energy technology stability, and tremendous excessive energy/cycle functions.
XENDEE’s award-winning platform integrates the microgrid design course of into one piece of software program and permits customers to quickly validate initiatives of any measurement, optimize designs, optimize investments, and function microgrids in actual time to succeed in their full potential. XENDEE’s software program can mannequin as much as 25 completely different distributed power useful resource applied sciences and calculates the optimum techno-economic answer for every web site to satisfy its objectives. These objectives can embrace decreasing prices, slicing CO2 emissions, rising resilience, or a mix of all three.
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About Cleantech San Diego
Cleantech San Diego is a member-based enterprise affiliation that positions the higher San Diego area as a worldwide chief within the cleantech economic system and good cities motion. As a nonprofit group, Cleantech San Diego is uniquely suited to assist the business by fostering collaborations throughout the private-public-academic panorama, main advocacy efforts to advertise cleantech priorities, and inspiring extra equitable funding throughout the San Diego area. Stakeholders embrace greater than 130 companies, universities, governments, and nonprofits dedicated to advancing sustainable options for the good thing about the economic system, the atmosphere, and all members of the group. Be taught extra at cleantechsandiego.org.
In regards to the Southern California Power Innovation Community
The Southern California Power Innovation Community (SCEIN) is a free incubator program for clear power startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which are creating applied sciences to assist California meet its local weather objectives. This system supplies entry to the sources and services of regional accomplice organizations and connections with business to be able to speed up the commercialization of rising power applied sciences. Managed by Cleantech San Diego, this system is the results of a number of grants from the California Power Fee to assist advance California’s power innovation business. Be taught extra at cleantechsandiego.org/scein
Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, shannonb@cleantechsandiego.org
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