Ten Regional Clear Vitality Corporations Graduate from Cleantech San Diego Startup Incubator

Ten Regional Clear Vitality Corporations Graduate from Cleantech San Diego Startup Incubator

  |   Press Releases

Annual Southern California Vitality Innovation Community Showcase Occasion Being Held November 9


SAN DIEGO, CA, November 1, 2022 – Cleantech San Diego immediately introduced the commencement of ten native clear power corporations – Chilldyne, Managed Thermal Assets, Ivy Vitality, NeoCharge, Occuspace, South 8 Applied sciences, Qubitekk, UCAP Energy, VLI-EV, and XENDEE – from its Southern California Vitality Innovation Community (SCEIN).


SCEIN is an incubator program for clear power startups primarily based in San Diego, Riverside, San Bernardino, and Imperial counties which might be growing applied sciences to assist California meet its clear power objectives. This system presents free enterprise companies by way of a consortium of regional accomplice organizations and personal sector corporations to assist entrepreneurs efficiently convey their power improvements to market.


Since getting into SCEIN, these ten corporations have secured a number of clients, constructed strong 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 complete vary of assets and referrals made accessible 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 companies and assist that has enabled all ten of those revolutionary 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, get monetary savings, and curb greenhouse gasoline emissions – all whereas creating new jobs and furthering California’s cleantech financial system and local weather objectives.”


Cleantech San Diego launched the SCEIN program in 2016 after successful a grant from the California Vitality Fee. Over this system’s first six years of operation, SCEIN member corporations have commercialized revolutionary applied sciences which might be accelerating market transformation in transportation electrification, grid and constructing decarbonization, power effectivity, and resiliency. In 2021, the California Vitality Fee permitted follow-on funding for SCEIN to proceed supporting power entrepreneurs by way of 2026.


Up to now, 66 corporations have been served by SCEIN, 31 of that are presently energetic in this system. Collectively, these startups make use of 629 individuals, have had 386 patents permitted, 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 range.


“The Southern California Vitality Innovation Community just isn’t solely serving to the subsequent wave of power entrepreneurs convey their applied sciences to market, however it’s making certain the larger 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 revolutionary options which might be 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 considering making use of as an entrepreneur, turning into a mentor, becoming a member of the Technical Advisory Committee, or internet hosting a pilot demonstration challenge, can be taught extra at cleantechsandiego.org/scein.


Subsequent week, Cleantech San Diego is internet hosting its annual Southern California Vitality Innovation Community Showcase occasion on November 9, 2022, from 9:00 – 11:00 am. This free, digital, public occasion will function shows from 9 different clear power startups presently engaged within the SCEIN program. The showcase is designed to boost 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 Vitality when initially launching the platform and dealing in the direction of demonstrable product market match,” stated Ivy Vitality Founder and CEO Dover Janis. “SCEIN was there to attach Ivy’s workforce to skilled advisors, level them in the direction of public packages that would help in validation and funding, and provides helpful 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 troublesome phases of early validation and development.”


“The assist, connections, and alternatives that SCIEN offers have been extraordinarily helpful for NeoCharge,” stated NeoCharge co-founder and CEO Spencer Harrison. “We now have actually loved working with everybody at SCEIN and couldn’t be extra grateful for all of the alternatives this system has offered.”


“We recognize the SCEIN workforce’s steady mentorship through the years that Occuspace has been concerned in this system,” stated Occuspace CEO Nic Halverson. “We’ve obtained directional suggestions on high-level company technique and introductions to clients and traders which have been game-changing for our startup. You possibly can 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 space for storing immediately,” stated South 8 Applied sciences Co-Founder and CEO Cyrus Rustomji. “This system was useful in figuring out grant alternatives, leveraging their community to hook up with traders and third-party companies, and offering mentorship to assist navigate us by way of our enterprise development.”


“The assets SCEIN offered to Qubitekk have been invaluable,” stated Qubitekk CRO Corey McClelland. “As a startup with restricted funding, SCEIN allowed Qubitekk to develop utilizing their assets for mentoring, pitch deck improvement, and introductions to different entrepreneurs and traders. When you find yourself beginning an organization, you don’t notice how a lot assist is out there. SCEIN was a one cease store that helped information us over the valley of dying 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 current California Vitality Commissions CalTestBed grant we have been awarded.”


“Having secured a number of large-scale business 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 challenge 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 stay up for 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 Middle power effectivity 20-40 % for a faster return on funding whereas additionally enabling ten-times greater density computing than conventional air-cooled methods. Not like different kinds of liquid cooling, Chilldyne’s patented, negative-pressure expertise eliminates the chance of water leaks by pulling coolant by way of the system. The straightforward, direct-to-chip design means specialised technicians should not 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 growing 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 current 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 Basic Motors. This recognition of CTR’s work in Lithium Valley represented a serious milestone for the corporate and for the way forward for constructing a sustainable and accountable lithium battery provide chain in the US.


Ivy Vitality developed the primary photo voltaic billing software program of its type known as Digital Grid, fixing the break up incentive downside of transacting photo voltaic power between residents in shared buildings. This enabled property house owners to spend money on 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 all the group and ship an easy-to-understand month-to-month clear power expertise. Ivy’s shoppers on the platform immediately are seeing $800-$1,500 in extra NOI yearly per unit, whereas the top customers (tenants) see assured month-to-month power invoice financial savings of 5-20 %.


NeoCharge is optimizing residence power utilization by way of software program and {hardware} options. NeoCharge’s flagship product, the Good Splitter, allows electrical automobile (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 monitor their power prices, cut back their carbon emissions, and get monetary savings on their utility payments by charging at the perfect occasions 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 also be an Alumni of the Los Angeles Cleantech Incubator and is energetic within the Wells Fargo IN2 Incubator.


Occuspace offers a camera-less, novel resolution for reporting minute-by-minute indoor occupancy knowledge that provides constructing house owners the data they should cut back complete power consumption by 10-20 %, optimize house administration, and enhance the occupant expertise.


South 8 Applied sciences spun out from UC San Diego in 2016 and is growing a novel Liquefied Fuel (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 vital 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 a straightforward drop-in substitute for immediately’s lithium-ion cells, minimizing switching price by utilizing properly 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 methods, designs system architectures, and integrates quantum expertise with classical infrastructure to unravel the quantum challenges of immediately whereas making ready for tomorrow. Along with its utility accomplice, Chattanooga’s EPB, Qubitekk has created and is actively deploying the primary business, subscription-based quantum community for the quantum trade. As the one US-based producer of quantum community methods, 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 house. Along with terrestrial quantum networking breakthroughs, Qubitekk is advancing the combination of quantum communications {hardware} on unmanned aerial automobiles and low-earth orbit satellites, opening protection, aerospace, and business 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 methods use sustainable primarily based merchandise and provide a long-lasting supply of dependable high-power power storage that may assist eradicate lead-acid and different hazardous supplies in batteries. In Might of 2021, UCAP Energy accomplished the acquisition of Maxwell Applied sciences Korea, the Korean-based ultracapacitor enterprise, in addition to different associated belongings together with the Maxwell model. Earlier this 12 months UCAP Energy received awards on the 2022 NREL Business Progress Discussion board within the classes of Rising Markets and Finest General 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 methods 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 dimension, optimize designs, optimize investments, and function microgrids in actual time to achieve 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 resolution for every website to fulfill its objectives. These objectives can embrace decreasing prices, reducing CO2 emissions, rising resilience, or a mixture of all three.


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About Cleantech San Diego

Cleantech San Diego is a member-based enterprise affiliation that positions the larger San Diego area as a world chief within the cleantech financial system and good cities motion. As a nonprofit group, Cleantech San Diego is uniquely suited to assist the trade 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 advantage of the financial system, the atmosphere, and all members of the group. Be taught extra at cleantechsandiego.org.


In regards to the Southern California Vitality Innovation Community

The Southern California Vitality Innovation Community (SCEIN) is a free incubator program for clear power startups primarily based in San Diego, Riverside, San Bernardino, and Imperial counties which might be growing applied sciences to assist California meet its local weather objectives. This system offers entry to the assets and services of regional accomplice organizations and connections with trade so as 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 Vitality Fee to assist advance California’s power innovation trade. Be taught extra at cleantechsandiego.org/scein


Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, shannonb@cleantechsandiego.org



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