The Energy Excelerator selected 17 startups from a pool of high quality applicants to transform Hawaiiâ€™s energy system. Fifty percent of the new portfolio startups has principal team members with previous exits.
â€œWe are excited to work with a new cohort of startups with a ton of experience in running successful companies,â€ says Dawn Lippert, Director of the Energy Excelerator. â€œThese are really smart people that have vetted technologies and are eager to partner with our local businesses to help solve some of our most difficult energy challenges.â€
The Energy Exceleratorâ€™s goal is to strategically address Hawaiiâ€™s energy challenges across many different sectors. The 2015 cohort consists of startups with innovative solutions for the Stateâ€™s energy, transportation, water, and agriculture industries.
“Weâ€™re excited to be selected by the Energy Excelerator and help Hawaii utilize the wind and solar on its oversaturated grids,â€ said Shifted Energy CEO, Olin Lagon. â€œWorking with the Energy Excelerator has helped us build relationships with policy makers, utilities, investors, and customers that are instrumental to strategically scaling out business.â€
The Energy Excelerator offers two tracks for startups:
- Demonstration: For companies with strong customer traction, they invest up to $1 M to develop a project in Hawaii or the Asia Pacific; and
- Go-to-market: For startups with strong technologies who are looking to vet go-to-market strategies, they invest $75 K and connect them with mentors, investors, and other strategic customers.
These new companies double the size of the Energy Excelerator portfolio, who have gone one to raise over $55 M of follow-on funding. The Energy Excelerator will invest $5M in the selected startups.
The program is supported by the U.S. Department of Energy, U.S. Department of Defenseâ€™s Office of Naval Research, and Hawaiian Electric Industries and operates as a program of the Pacific International Center for High Technology Research (PICHTR).
- BandwagonÂ (@hibandwagon) connects passengers to share rides and taxi fares through their mobile app.
- BidgelyÂ (@bidgely) tells homeowners how much energy each appliance uses by extracting energy signatures – without the need for lots of hardware sensors.
- Bright Light SystemsÂ (@brightlightsys) combines energy efficient lighting and automation.
- BrightBox Technologies improves HVAC performance and comfort, and lowers operating costs, through optimization software.
Edisun Heliostats develops low cost concentrated solar power with built-in storage using rocks as a storage medium.
- Effortless EnergyÂ (@goeffortless) offers free home energy upgrades at no cost to customers.
- FreeWire TechnologiesÂ (@freewiretech) combines robotics and energy storage to create a network of mobile electric vehicle chargers.
- Go Electric delivers the next generation of microgrids for facilities that need to attach or detach to utility power at a moment’s notice.
Infinite Invention supports the integration of solar on the electric grid through plug-and-play solar connection and control.
- Kunoa Cattle Company enables large-scale local food production powered by renewables.
- kWh AnalyticsÂ (@kwhanalytics) reduces financial risk and enables solar financing through analysis of asset performance.
- Prota Culture produces biodiesel and animal feed from organic waste.
- Rebound TechnologyÂ (@reboundtech) turns supermarket freezers into batteries.
- RidescoutÂ (@ridescout) aggregates public, private, and social transportation options into one mobile app.
- Shifted EnergyÂ (@shiftedenergy) creates a virtual power plant of electric water heaters to store excess renewable energy and deliver demand response.
- Spider9Â (@spider9inc1) develops smart controllers that make large battery systems more reliable and profitable.
- TransitScreenÂ (@transitscreen) synthesizes all sustainable transportation options in real time into one screen.