10 Regional Clean Energy Companies Graduate from Cleantech San Diego Start-up Incubator

10 Regional Clean Energy Companies Graduate from Cleantech San Diego Start-up Incubator

| News Release

Yearly Southern California Energy Development Network Display Occasion Being Held November 9

SAN DIEGO, CA, November 1, 2022 Cleantech San Diego today revealed the graduation of 10 regional tidy energy business– Chilldyne, Managed Thermal Resources, Ivy Energy, NeoCharge, Occuspace, South 8 Technologies, Qubitekk, UCAP Power, VLI-EV, and XENDEE — from its Southern California Energy Development Network (SCEIN).

SCEIN is an incubator program for tidy energy start-ups based in San Diego, Riverside, San Bernardino, and Imperial counties that are establishing innovations to assist California fulfill its tidy energy objectives. The program provides totally free company services through a consortium of local partner companies and economic sector business to assist business owners effectively bring their energy developments to market.

Considering that going into SCEIN, these 10 business have actually protected several consumers, constructed robust sales pipelines, and raised adequate capital to support the scaling of their development energy companies. A business finishes from SCEIN when it is equally concurred that they have actually made use of the complete series of resources and recommendations offered to them. Seventeen local tidy energy business have actually now finished the program after getting personalized company service strategies from SCEIN.

” SCEIN is pleased to have actually had the ability to supply services and assistance that has actually made it possible for all 10 of these ingenious business to speed up market traction of their development tidy energy options,” stated Marty Turock, Executive Director of SCEIN. “Each of their items develop interesting brand-new methods for consumers to decrease energy usage, conserve cash, and curb greenhouse gas emissions– all while developing brand-new tasks and enhancing California’s cleantech economy and environment objectives.”

Cleantech San Diego released the SCEIN program in 2016 after winning a grant from the California Energy Commission. Over the program’s very first 6 years of operation, SCEIN member business have actually advertised ingenious innovations that are speeding up market change in transport electrification, grid and structure decarbonization, energy performance, and resiliency. In 2021, the California Energy Commission authorized follow-on financing for SCEIN to continue supporting energy business owners through 2026.

To date, 66 business have actually been served by SCEIN, 31 of which are presently active in the program. Together, these start-ups use 629 individuals, have actually had 386 patents authorized, and have actually raised over $300 million in follow-on financing from public and personal sources given that being accepted into the program. 79 percent of SCEIN business have C-Suite variety.

” The Southern California Energy Development Network is not just assisting the next wave of energy business owners bring their innovations to market, however it is guaranteeing the higher San Diego area– consisting of the Imperial Valley and the Inland Empire– and the state of California stay competitive in the tidy innovation and renewable resource sectors,” stated Cleantech San Diego President and CEO Jason Anderson. “It is interesting and gratifying to see SCEIN business supplying brand-new ingenious options that are supplying economical tidy energy innovations that can assist all Californians decrease their energy expenses and ecological effect.”

SCEIN applications are accepted on a rolling basis. Anybody thinking about using as a business owner, ending up being a coach, signing up with the Technical Advisory Committee, or hosting a pilot presentation task, can find out more at cleantechsandiego.org/scein.

Next week, Cleantech San Diego is hosting its yearly Southern California Energy Development Network Display occasion on November 9, 2022, from 9:00– 11:00 am. This totally free, virtual, public occasion will include discussions from 9 other tidy energy start-ups presently participated in the SCEIN program. The display is created to raise the presence of these business with VCs, financiers, tactical partners, and possible consumers. Find out more and sign up at cleantechsandiego.org/event/sceinshowcase2022

Prices Estimate from SCEIN Graduates:

” The SCEIN program was a substantial possession for Ivy Energy when initially introducing the platform and working towards verifiable item market fit,” stated Ivy Energy Creator and CEO Dover Janis. “SCEIN existed to link Ivy’s group to skilled consultants, point them towards public programs that might help in recognition and financing, and offer important feedback on method. The SCEIN program assists business owners with excellent concepts get the assistance they require that provides reliability and self-confidence in the most tough stages of early recognition and development.”

” The assistance, connections, and chances that SCIEN supplies have actually been incredibly important for NeoCharge,” stated NeoCharge co-founder and CEO Spencer Harrison. “We have actually truly delighted in dealing with everybody at SCEIN and might not be more grateful for all the chances the program has actually supplied.”

” We value the SCEIN group’s constant mentorship for many years that Occuspace has actually been associated with the program,” stated Occuspace CEO Nic Halverson. “We have actually gotten directional feedback on top-level business method and intros to consumers and financiers that have actually been game-changing for our start-up. You can inform the SCEIN group truly appreciates its members and has actually put significant effort and time into assisting make Occuspace more effective.”

” The SCEIN program contributed in assisting grow our start-up into a powerful opposition in the energy storage area today,” stated South 8 Technologies Co-Founder and CEO Cyrus Rustomji. “The program was handy in determining grant chances, leveraging their network to link to financiers and third-party services, and supplying mentorship to assist browse us through our company development.”

” The resources SCEIN supplied to Qubitekk were important,” stated Qubitekk CRO Corey McClelland. “As a start-up with restricted financing, SCEIN enabled Qubitekk to grow utilizing their resources for mentoring, pitch deck advancement, and intros to other business owners and financiers. When you are beginning a business, you do not understand just how much aid is offered. SCEIN was a one stop store that assisted assist us over the valley of death to success.”

” The SCEIN group has actually been among the most expert groups to deal with,” stated UCAP Power CEO Gordon Schenk. “SCEIN has actually been exceptionally critical in our NREL and Edison Award success in addition to the current California Energy Commissions CalTestBed grant we were granted.”

” Having actually protected a number of massive business energy, public transportation, and transport electrification tasks throughout the COVID-19 pandemic, we specifically valued SCEIN’s assistance and recommendations in determining and protecting task funding,” stated VLI-EV CEO Masao Nishikawa.

” Cleantech San Diego’s company accelerator program has actually assisted XENDEE use a network of occasions, coaches, financiers, sales chances and federal government firms from around the world,” stated Xendee Co-Founder and CEO Adib Nasle,. “Simply this June, we revealed our $12 million Series A financing round and we anticipate continuing to belong of the rapid development of tidy energy business in Southern California.”

About the Finishing Start-ups:

Chilldyne provides a liquid cooling innovation that enhances Data Center energy performance 20-40 percent for a quicker roi while likewise making it possible for ten-times greater density computing than standard air-cooled systems. Unlike other kinds of liquid cooling, Chilldyne’s trademarked, negative-pressure innovation gets rid of the threat of water leakages by pulling coolant through the system. The basic, direct-to-chip style indicates customized specialists are not required for setup or brand-new commissioning.

Managed Thermal Resources (CTR) is incorporating geothermal power and lithium extraction innovations to produce the world’s most sustainable source of battery grade lithium to support electrification of transport and produce low-cost, renewable resource. CTR has actually contributed in establishing California’s Lithium Valley near the Salton Sea, an abundant resource with the capacity of providing 600,000 metric lots of lithium yearly. Amongst lots of current turning point accomplishments for the business, in 2015, the Biden-Harris Administration launched an EV Charging Action Strategy that consisted of CTR and their tactical cooperation with General Motors. This acknowledgment of CTR’s operate in Lithium Valley represented a significant turning point for the business and for the future of constructing a sustainable and accountable lithium battery supply chain in the United States.

Ivy Energy established the very first solar billing software application of its kind called Virtual Grid, fixing the split reward issue of negotiating solar power in between locals in shared structures. This made it possible for homeowner to purchase roof solar and disperse solar power in a consumer-friendly way at an expense savings to its locals. Virtual Grid utilizes wise grid reasoning to relatively disperse the solar power advantages of the whole neighborhood and provide an easy-to-understand regular monthly tidy energy experience. Ivy’s customers on the platform today are seeing $800-$ 1,500 in extra NOI yearly per system, while completion users (occupants) see ensured regular monthly energy expense cost savings of 5-20 percent.

NeoCharge is enhancing house energy use through software application and hardware options. NeoCharge’s flagship item, the Smart Splitter, allows electrical automobile (EV) adoption and house electrification by making access to 220-volt power tidy, simple, and economical. NeoCharge’s Link is a vehicle-integrated software application that assists EV motorists track their energy expenses, decrease their carbon emissions, and conserve cash on their energy expenses by charging at the very best times for the grid. NeoCharge has actually won various awards consisting of the LACI Innovators Award, the CEC CalSEED award, and is a two-time winner of Caltech RocketFund’s grant. NeoCharge is likewise an Alumni of the Los Angeles Cleantech Incubator and is active in the Wells Fargo IN2 Incubator.

Occuspace supplies a camera-less, unique service for reporting minute-by-minute indoor tenancy information that offers structure owners the details they require to decrease overall energy usage by 10-20 percent, enhance area management, and enhance the resident experience.

South 8 Technologies drew out from UC San Diego in 2016 and is establishing an unique Liquefied Gas (LiGas ®) electrolyte for next-generation Li-ion batteries. In contrast to utilizing standard liquids, the LiGas electrolyte utilizes off-the-shelf gasses as the solvent for the electrolyte. The distinct chemistry provides substantial security enhancement, world-record operating temperature level variety, and capacity for enhancements in energy, all while using expense decrease chances from lower products and making expense. The trademarked innovation is an easy drop-in replacement for today’s lithium-ion cells, lessening changing expense by utilizing well comprehended and typical production methods. The LiGas electrolyte has actually been confirmed by leading cell and vehicle producers in addition to the U.S. Department of Defense.

Qubitekk produces quantum systems, styles system architectures, and incorporates quantum innovation with classical facilities to fix the quantum difficulties these days while getting ready for tomorrow. Together with its energy partner, Chattanooga’s EPB, Qubitekk has actually produced and is actively releasing the very first commercial, subscription-based quantum network for the quantum market. As the only US-based maker of quantum network systems, Qubitekk’s elements are created, crafted, and accuracy produced to incorporate perfectly with existing architecture to supply unrivaled quantum interactions over fiber optics and in totally free area. In addition to terrestrial quantum networking developments, Qubitekk is advancing the combination of quantum interactions hardware on unmanned aerial automobiles and low-earth orbit satellites, opening defense, aerospace, and business chances in the quantum field. Qubitekk won the 2022 Edison Gold Award and a 2021 R&D 100 award in cooperation with EPB, Oak Ridge National Lab, and Los Alamos National Lab.

UCAP Power establishes ultracapacitor-based power options throughout a vast array of eco-friendly markets. Their systems utilize sustainable based items and use a lasting source of trustworthy high-power energy storage that can assist get rid of lead-acid and other harmful products in batteries. In May of 2021, UCAP Power finished the purchase of Maxwell Technologies Korea, the Korean-based ultracapacitor company, in addition to other associated possessions consisting of the Maxwell brand name. Previously this year UCAP Power won awards at the 2022 NREL Market Development Online forum in the classifications of Emerging Markets and Finest General Endeavor. In addition, the very first UCAP Power item, the POWERBLoK, was a 2022 Edison Award winner in the Crucial Facilities classification.

VLI-EV is a one-stop sustainable and eco-friendly battery energy storage options service provider that provides exclusive controls software application with high power (5C charge/discharge rates) and extremely long life with 25-year service warranties. These systems decrease consumer energy and peak need charge expenses by 20-40 percent, in addition to CO 2 emissions. VLI-EV addresses the most rigid battery energy storage applications varying from energy scale frequency and voltage policies, renewable resource power generation stability, and extremely high power/cycle applications.

XENDEE‘s acclaimed platform incorporates the microgrid style procedure into one piece of software application and enables users to quickly confirm tasks of any size, enhance styles, enhance financial investments, and run microgrids in genuine time to reach their complete capacity. XENDEE’s software application can design approximately 25 various dispersed energy resource innovations and computes the ideal techno-economic service for each website to fulfill its objectives. These objectives can consist of decreasing expenses, cutting CO 2 emissions, increasing durability, or a mix of all 3.

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About Cleantech San Diego

Cleantech San Diego is a member-based company association that places the higher San Diego area as a worldwide leader in the cleantech economy and wise cities motion. As a not-for-profit company, Cleantech San Diego is distinctively fit to support the market by cultivating partnerships throughout the private-public-academic landscape, leading advocacy efforts to promote cleantech top priorities, and motivating more fair financial investment throughout the San Diego area. Stakeholders consist of more than 130 companies, universities, federal governments, and nonprofits devoted to advancing sustainable options for the advantage of the economy, the environment, and all members of the neighborhood. Find out more at cleantechsandiego.org

About the Southern California Energy Development Network

The Southern California Energy Development Network (SCEIN) is a totally free incubator program for tidy energy start-ups based in San Diego, Riverside, San Bernardino, and Imperial counties that are establishing innovations to assist California fulfill its environment objectives. The program supplies access to the resources and centers of local partner companies and connections with market in order to speed up the commercialization of emerging energy innovations. Handled by Cleantech San Diego, the program is the outcome of several grants from the California Energy Commission to assist advance California’s energy development market. Find out more at cleantechsandiego.org/scein

Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, [email protected]

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