The 12 startups in the opening class of the Rice Alliance Clean Energy Accelerator have been selected and will start work this summer.
The accelerator program, which will include clean energy startups from across North America, will run virtually starting June 28th. It ends on September 16 with a demo day at the 19th annual Rice Alliance Energy Tech Venture Forum.
The Rice Alliance Clean Energy Accelerator was created to help early-stage startups drive solutions for a cleaner, more efficient, and more sustainable future. With a robust curriculum, tailored mentor relationships, and targeted company and investor presentations, the 12-week program prepares startups to quickly accelerate their businesses, launch pilots, and raise funding.
The first season of applications for the accelerator aroused the interest of a large number of startups in various stages of development, proof of Houston’s role in the energy transition. The program received applications from 14 states and eight countries, with 44% from Texas.
“We have been impressed with the quality, potential and range of clean energy solutions marketed by our pool of applicants, and have carefully assessed their potential and our ability to meet identified needs,” said Kerri Smith, Rice Alliance Clean Energy Interim Managing Director of Accelerator. “The selection process was very competitive. We have found it difficult to reduce the number of applications, but we are looking forward to working with our first class of 12. “
A selection panel made up of entrepreneurs, energy experts and industry executives evaluated the applications based on innovation, market, strategy, profitability, performance and the shared experience of the founders.
“With decades of running the OwlSpark Accelerator, we know we’re not only recruiting startups with technological potential, we’re creating a coherent and collaborative culture,” said Smith. “We made sure that we can offer the founders a high quality experience and meet individual startup needs.”
The 12 startups participating in the Rice Alliance Clean Energy Accelerator are:
3E Nano is a Toronto-based nanotechnology company that has developed an environmentally friendly, high-performance solar energy control coating for polymer substrates.
With a mission to convert carbon dioxide, waste biomass, and renewable electricity into carbon-free biofuels and chemicals, Carbon BioEnergy’s biofuels will replace petroleum fuels in hard-to-decarbonize sectors such as aviation and shipping.
CoFlow jet wind turbines
CoFlow Jet Wind Turbines develops transformative ultra-high efficiency, low cost wind turbines to expand wind energy use and reduce greenhouse gas emissions.
Energy partner criterion
Criterion Energy Partners is an independent exploration and production company focused on developing decentralized direct geothermal projects using geothermal energy to provide clean, reliable base load energy to commercial and industrial consumers.
Ground state technologies
Ground State Technologies is developing a processor chip for edge optimization so energy companies can deploy smarter systems.
Hydrodine Catalytics has developed zero-emission clean technology that eliminates the need for fuel gas, enables gas producers to offset carbon credits, lowers capital and operating costs, delivers power to remote natural gas sources, and improves operator safety.
Kanin Energy is a turnkey developer and innovative investor of waste heat to power projects, helping heavy industry monetize waste heat and decarbonise operations.
Mote develops CO2-negative biomass gasification plants to supply customers with the most valuable hydrogen.
NASADYA solves the growing problem of variability management in the energy network for power plants by converting a money-losing by-product – excess energy – into money-making by-products, green hydrogen and oxygen.
Power HV’s monitoring sensors and bushings help oil processing companies such as refineries and transport companies to improve safety against methane and fire while reducing transmission and distribution losses in the power grid by 1% by improving the energy efficiency of transformers by 30%.
Renewell Energy transforms disused oil and gas wells into the most cost-effective, flexible and greenhouse gas-reducing energy storage in the world.
SeebeckCell Technologies helps the petroleum and gas industry and emerging economies such as crypto mining, data centers and battery electric vehicles avoid energy waste by integrating its modules into thermal management systems, enabling four times the power-per-weight ratio, greener production and scalable solutions to combat climate change.
The Rice Alliance Clean Energy Accelerator is made possible by Wells Fargo – the founding sponsor – and the founding supporters: BP, Baker Botts, Chevron, ExxonMobil, Halliburton Labs, Equinor, Microsoft, NRG, Saudi Aramco Energy Ventures, Shell Ventures, Sunnova, TotalEnergies and Tudor Pickering Holt, as well as sponsor: Canadian Consulate.
All founding supporters will attend Accelerator and Demo Day, and several of the corporate venture funds, including BP Ventures, Shell Ventures and Saudi Aramco Energy Ventures, have committed to selecting startups for investment meetings and due diligences, while Chevron has Technology Ventures undertakes to fund at least one of the startups.
Learn more about the Rice Alliance Clean Energy Accelerator at ricecleanenergy.org and follow the Rice Alliance on Twitter and LinkedIn to stay up to date on the startup’s progress over the summer.
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