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Tuesday, September 16, 2014
Your Tax Dollars at Work: Energy Excelerator Funds 17 Startups
By News Release @ 9:07 PM :: 3635 Views

Meet Our 2015 Cohort

News Release from Energy Excelerator, September 16, 2014

We are excited to announce our 2015 cohort! This year we selected 17 startups from a pool of high quality energy entrepreneurs to invest $5M in. We are extremely excited about the caliber of entrepreneurs and their startups we are adding to our portfolio. These statistics blew our mind: 50% of the startups in our new cohort have team members with previous exits and 85% of applicant companies already raised external funding (a record breaker for us)!

Here’s an excerpt from TechCrunch announcing our new cohort:

“The program says its new cohort was selected from hundreds of companies in grid technologies, transportation, agriculture, water, energy efficiency, and infrastructure resilience. Last year, Energy Excelerator received an investment of $30 million from the Navy’s Office of Naval Research under the Asia Pacific Technology Education program, which tripled the funding the program has operated on since its launch in 2010. The investment was a significant boon for the program because cleantech funding has dropped because of its large capital requirements and relatively slow returns.”

Check out the Energy Excelerator 2015 cohort:

Bandwagon connects passengers to share rides and taxi fares through their mobile app.

www.bandwagon.io | @hibandwagon

Bidgely tells homeowners how much energy each appliance uses by extracting energy signatures – without the need for lots of hardware sensors.

www.bidgely.com | @bidgely

Bright Light Systems combines energy efficient lighting and automation.

www.brightlightsystems.com | @brightlightsys

BrightBox Technologies improves HVAC performance and comfort, and lowers operating costs, through optimization software.

www.brightboxtech.com

Edisun Heliostats develops low cost concentrated solar power with built-in storage using rocks as a storage medium.

www.edisun.com | @edisun_

Effortless Energy offers free home energy upgrades at no cost to customers.

GoEffortless.com | @goeffortless

FreeWire Technologies combines robotics and energy storage to create a network of mobile electric vehicle chargers.

www.freewiretech.com | @freewiretech

Go Electric delivers the next generation of microgrids for facilities that need to attach or detach to utility power at a moment’s notice.

www.GoElectricInc.com

Infinite Invention supports the integration of solar on the electric grid through plug-and-play solar connection and control.

www.infiniteinvention.com

Kunoa Cattle Company enables large-scale local food production powered by renewables.

kunoacattle.com

kWh Analytics reduces financial risk and enables solar financing through analysis of asset performance.

kwhanalytics.com | @kwhanalytics

Prota Culture produces biodiesel and animal feed from organic waste.

protaculture.com | @protaculture

Rebound Technology turns supermarket freezers into batteries.

www.rebound-tech.com | @reboundtech

Ridescout aggregates public, private, and social transportation options into one mobile app.

ridescoutapp.com | @ridescout

Shifted Energy creates a virtual power plant of electric water heaters to store excess renewable energy and deliver demand response.

www.ShiftedEnergy.com | @shiftedenergy

Spider9 develops smart controllers that make large battery systems more reliable and profitable.

www.spider9.com | @spider9inc1

TransitScreen synthesizes all sustainable transportation options in real time into one screen.

www.transitscreen.com | @transitscreen

---30---

The Energy Excelerator is a startup program dedicated to helping solve the world's energy challenges, starting in Hawaii. We help innovative companies succeed in Hawaii and the Asia Pacific with funding, strategic relationships, and a vibrant ecosystem. Our program is funded by the U.S. Department of Energy and the U.S. Office of Naval Research and operates as a project of the Pacific International Center for High Technology Research (PICHTR).

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