Energy Excelerator’s latest cohort includes two Hawaii-based startups, one internationalPosted on Feb 1, 2017 in Clean Tech Companies, Headlines, Pacific Business News
(Pacific Business News) Hawaii-based Energy Excelerator’s latest cohort of clean energy companies includes two Hawaii-based startups as well as the program’s first international company.
The accelerator program, which is one of the nation’s largest clean technology startup incubators, accepted 12 new companies into its fifth cohort on Wednesday. Energy Excelerator invests around $5 million total into each of its cohort programs.
Honolulu agriculture technology company Smart Yields, which has already gone through local accelerator Blue Startups’ program, and In2lytics, the analytics platform behind Hawaiian Electric Co.’s Renewable Watch and Blue Planet Foundation’s Island Pulse, represent the cohort’s two local companies.
Smart Yields was selected for the program’s eight-month go-to-market track where it will receive $75,000 in funding.
“We’re excited to work with a company that came out of Blue Startups,” Lauren Tonokawa, head of communications for the accelerator, told Pacific Business News. “They’ve already gone through a lot of the business model learning and they have a strong local and investor network.”
Energy Excelerator’s first international portfolio company, Momit, was also accepted into the program’s go-to-market track.
The smart technology company from Spain has already gained significant traction in the European market, according to Energy Excelerator, which says the technology can save the average customer 30 percent on their electric bill.
Tonokawa said she hopes to see more international companies participate in future cohorts.
Other companies in the 2017 cohort include:
- Ceres Imaging. Helps farmers allocate resources through the use of aerial spectroscopy.
- Go Electric. Provides utilities with demand response services and customers with uninterruptable power and peak load shaving.
- Kevala. Provides utility infrastructure mapping to inform decision making.
- Sighten. Software platform that support the entire solar workflow, from lead to financing.
- Varentec. Provides utilities more control of a distributed electrical grid.
- HST Solar. Helps developers prospect utility-scale solar projects with greater speed and efficiency.
- Opus 12. Converts CO2 into 16 cost-competitive chemicals and fuels.
- Swiftly. Big data platform designed to increase the performance and reliability of public transit networks.
- Whisker Labs. Turns residential energy data into actionable insights.
http://www.bizjournals.com/pacific/news/2017/02/01/energy-excelerator-s-latest-cohort-includes-two.html Energy Excelerator’s latest cohort includes two Hawaii-based startups, one international 2/01/17 Anna Hrushka