Cleantech.org announced today that it has selected the 6 Finalists for our GS Beyond Energy Innovation Challenge in the following categories: Digitization of Energy, eMobility in Cities, and New Fuels. The finalists will pitch in a virtual pitch event on July 21 with the top team winning the cash award of $100,000 with no strings, deliverables, or equity dilution.
Being on the selection team was a blast. We partnered with some of the largest accelerators and incubators in the sector for the Challenge: Greentown Labs, Austin Technology Incubator, at University of Texas, Elemental Excelerator, Third Derivative, Techstars, though applications came from across a couple of dozen incubators and accelerators. Semifinalists and finalists were selected in a highly competitive multi-stage process of hundreds of startups, and range from first time startup teams to experienced executives, with solutions in software, carbon products, energy storage, distributed energy, new materials, and electric vehicle technology. Getting down to the finalists was challenging, and I’ll say we had 4 more semi-finalists that we felt could have legitimately made an argument to be included in the finals and be competitive to win.
Each of these Finalists certainly can pitch well, and brings a different approach and technology to solving big energy and climate related challenges. Startuplandia is a fast paced, rough and tumble environment. If I had to give some free advice it would be this: nine months in a startup is a lifetime, and every startup that gets funded looks just as good on paper as yours to somebody – or it wouldn’t have gotten funding. These six startup teams represent the top couple of percent of applicants and beat out a lot of good companies already. They each have seen prior success and have had tens of millions in dollars invested in them from both investors and both government and corporate technology R&D grants. The finalists have been through an average of 2.1 incubators and accelerators. But they each still have some rows to hoe to hit the bigtime and deliver. The point of the Challenge was to find and showcase ideas that can change the world, and send a message that the challenges and opportunities in the energy transition are worth tackling, but you need to bring your A game.
I’m really excited about the group that made it this far, and looking forward to seeing who the judges pick as the winner on demo day.
Amperon builds real-time electricity demand analytics for energy retailers, utilities, grid operators, and energy traders
At Cemvita Factory, we apply synthetic biology to reverse climate change. We do this by engineering microbes to use carbon dioxide or methane as a feedstock for the production of carbon-negative industrial chemicals.
EnPower, Inc. is a lithium-ion battery company accelerating the shift to a more sustainable future. The company is expanding production in Phoenix, AZ to build high performance batteries for various electric mobility applications.
Sapphire Technologies’ energy recovery systems convert the energy wasted in pressure reduction processes into clean electric power. Our vision is to improve the way the world harvests and utilizes energy, and our mission is to enable substantial financial returns for our customers by harvesting wasted: pressure energy while reducing the global carbon footprint.
SkyCool Systems has developed a breakthrough cooling technology that passively rejects heat to the sky in order to efficiently and sustainably run air conditioning and refrigeration systems. Unique to SkyCool Systems’ innovation is a fundamentally different way of achieving cooling and harnessing an untapped renewable resource: the cold sky.
Veloce Energy is enabling the electrification of transportation by removing physical and financial barriers to EV charging deployment and the development of grid edge infrastructure. Our purpose-designed battery energy storage and ancillary systems are like Legos™ to leverage the existing grid to do more, faster, at lower cost across multiple sectors.
Viewers can register to watch the Finals pitches and judging at GSBeyondEnergy.com. The finals judges are 5 highly experienced venture investors and executives from Chevron, Amazon, GS Group, Energy Transition Ventures, and EDF.