EnergyLab’s 2022 Climate Solutions Accelerator has selected 10 Australian startups for its next cohort with the ambition to make the country a global renewable energy superpower.
Receiving a combined investment of three quarters of a million dollars from a group of angel investors (a 50% increase over the 2021 fund),
The 10 participating companies have launched a six-month program to accelerate the implementation of their climate solutions in Australia and globally, also sharing in $750,000 in angel investment for their initial development.
Megan Fisher, CEO of EnergyLab, said: Accelerator of climate solutions will help the startups involved get the support, expertise and connections they need to go global.
“This cohort is the founder of leading innovation in climate technology, from revolutionizing air conditioning to developing more environmentally friendly batteries,” she said.
Here are the 10 startups involved:
Allegro Energy have invented a new, patented, water-based electrolyte system that makes many battery types not only much cheaper, but also more environmentally friendly and compatible with a circular economy.
Co-founders: Thomas Naan, Rohan Borah, Fraser Hughson.
Acacia money is a financial technology company that is reshaping financial services so that people and our planet can access a brighter future through simpler, smarter and more sustainable money management. Acacia’s platform and marketplace will connect consumers with financial options that are truly sustainable and financially rewarding.
Founder: Anil Sagaram
Conry Techo reinvents air conditioning to improve comfort in the urban environment and decarbonise it. Known for creating disruptive innovation in the HVAC industry before (their invention of the Turbocor compressor is a prime example), the founders believe their new decentralized ‘BullAnt’ HVAC system will prove even more disruptive. to be. Their radical system improves efficiency by up to 70%, integrates more effectively with renewables, pushes buildings to zero, creates a healthier indoor environment and eliminates dependence on fossil fuels.
Founder: Sam Ringwaldt
EcoJoule energy specializes in designing and manufacturing revolutionary, sustainable, technological solutions for the power grid. Their core products are community batteries and voltage regulators for the low voltage distribution network, enhancing the integration of distributed clean energy sources such as rooftop solar.
Founder: Mike Wishart
Economical energy develops a scalable, cost-effective, sustainable energy storage solution for the integration of renewable energy. Their Vertically Integrated Potential Energy Reservoir (VIPER) uses gravity to store energy, much like pumped hydro, but with pellets instead of water.
Founder: Matthew Forrest
Farmbot provides remote monitoring solutions that take the guesswork out of measuring and analyzing water. Their hardware feeds data to a SaaS platform that provides users with near-real-time SMS and email alerts and reporting on water levels and trends. This data helps farmers make better business decisions that contribute to a more sustainable water supply.
Co-founders: Andrew Coppin, Craig Hendricks
NRN (National Renewable Network) is a connected network of solar and battery storage systems, enabling households and businesses to transition to renewable energy without upfront financing costs, while also saving on their energy bills.
Founder: Alan Hunter
raaiise is the platform powering climate startups seeking value-adjusted capital, empowering founders to take control of their raise through smart workflows and expert guides, reducing the time and resources typically required to complete a round. closing are drastically reduced.
Founder: Amy Carter-James, Neal Carter-James, Sonja Trio, Ben Keene
solstice AI applies state-of-the-art artificial intelligence techniques to satellite imagery to identify solar panels and accurately predict solar power generation in entire suburbs. Their technology makes it possible to integrate more solar energy into the grid at a lower cost, enabling greater uptake of renewable energy.
Co-founders: Julian De Hoog, Peter Ilfrich, Maneesha Perera
ValAic is a startup building the tools the industry needs today so they can meet society’s sustainable financing demands tomorrow. Their product, Greenhouse, identifies a home’s sustainability and energy efficiency rating and provides tailored advice to help homeowners reduce their carbon footprint. This, in turn, helps financial institutions report on the issuance of assets they fund and unlocks tailored insurance premiums, home and personal loans for transitional homes, increasing energy efficiency and future-proofing homes.
Co-founders: Allys Todd, Tom Reed