Ten Regional Clear Vitality Firms Graduate from Cleantech San Diego Startup Incubator

Annual Southern California Vitality Innovation Community Showcase Occasion Being Held November 9

SAN DIEGO, CA, November 1, 2022 – Cleantech San Diego right this moment introduced the commencement of ten native clear vitality firms – Chilldyne, Managed Thermal Assets, Ivy Vitality, NeoCharge, Occuspace, South 8 Applied sciences, Qubitekk, UCAP Energy, VLI-EV, and XENDEE – from its Southern California Vitality Innovation Community (SCEIN).

SCEIN is an incubator program for clear vitality startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which are creating applied sciences to assist California meet its clear vitality objectives. This system presents free enterprise companies by way of a consortium of regional companion organizations and personal sector firms to assist entrepreneurs efficiently deliver their vitality improvements to market.

Since getting into SCEIN, these ten firms have secured a number of prospects, constructed sturdy gross sales pipelines, and raised adequate capital to help the scaling of their breakthrough vitality companies. An organization graduates from SCEIN when it’s mutually agreed that they’ve utilized the complete vary of assets and referrals made accessible to them. Seventeen regional clear vitality firms have now graduated this system after receiving personalized enterprise service plans from SCEIN.

“SCEIN is happy to have been in a position to present companies and help that has enabled all ten of those modern firms to speed up market traction of their breakthrough clear vitality options,” stated Marty Turock, Government Director of SCEIN. “Every of their merchandise create thrilling new methods for patrons to scale back vitality use, get monetary savings, and curb greenhouse fuel emissions – all whereas creating new jobs and furthering California’s cleantech economic system and local weather objectives.”

Cleantech San Diego launched the SCEIN program in 2016 after profitable a grant from the California Vitality Fee. Over this system’s first six years of operation, SCEIN member firms have commercialized modern applied sciences which are accelerating market transformation in transportation electrification, grid and constructing decarbonization, vitality effectivity, and resiliency. In 2021, the California Vitality Fee accredited follow-on funding for SCEIN to proceed supporting vitality entrepreneurs by way of 2026.

Thus far, 66 firms have been served by SCEIN, 31 of that are at the moment energetic in this system. Collectively, these startups make use of 629 folks, have had 386 patents accredited, and have raised over $300 million in follow-on funding from private and non-private sources since being accepted into this system. 79 % of SCEIN firms have C-Suite range.

“The Southern California Vitality Innovation Community will not be solely serving to the subsequent wave of vitality entrepreneurs deliver their applied sciences to market, however it’s guaranteeing the higher San Diego area – together with the Imperial Valley and the Inland Empire – and the state of California stay aggressive within the clear expertise and renewable vitality sectors,” stated Cleantech San Diego President and CEO Jason Anderson. “It’s thrilling and rewarding to see SCEIN firms offering new modern options which are offering cost-effective clear vitality applied sciences that may assist all Californians scale back their vitality prices and environmental influence.”

SCEIN functions are accepted on a rolling foundation. Anybody enthusiastic about making use of as an entrepreneur, changing into a mentor, becoming a member of the Technical Advisory Committee, or internet hosting a pilot demonstration undertaking, can study extra at cleantechsandiego.org/scein.

Subsequent week, Cleantech San Diego is internet hosting its annual Southern California Vitality Innovation Community Showcase occasion on November 9, 2022, from 9:00 – 11:00 am. This free, digital, public occasion will characteristic shows from 9 different clear vitality startups at the moment engaged within the SCEIN program. The showcase is designed to lift the visibility of those firms with VCs, traders, strategic companions, and potential prospects. Study extra and register at cleantechsandiego.org/occasion/sceinshowcase2022.

Quotes from SCEIN Graduates:

“The SCEIN program was an enormous asset for Ivy Vitality when initially launching the platform and dealing in direction of demonstrable product market match,” stated Ivy Vitality Founder and CEO Dover Janis. “SCEIN was there to attach Ivy’s crew to skilled advisors, level them in direction of public applications that might help in validation and funding, and provides invaluable suggestions on technique. The SCEIN program helps entrepreneurs with nice concepts get the help they want that offers them credibility and confidence in essentially the most tough phases of early validation and development.”

“The help, connections, and alternatives that SCIEN supplies have been extraordinarily invaluable for NeoCharge,” stated NeoCharge co-founder and CEO Spencer Harrison. “We’ve actually loved working with everybody at SCEIN and couldn’t be extra grateful for all of the alternatives this system has offered.”

“We admire the SCEIN crew’s steady mentorship through the years that Occuspace has been concerned in this system,” stated Occuspace CEO Nic Halverson. “We’ve acquired directional suggestions on high-level company technique and introductions to prospects and traders which were game-changing for our startup. You’ll be able to inform the SCEIN crew actually cares about its members and has put appreciable effort and time into serving to make Occuspace extra profitable.”

“The SCEIN program was instrumental in serving to develop our startup right into a formidable challenger within the vitality space for storing right this moment,” stated South 8 Applied sciences Co-Founder and CEO Cyrus Rustomji. “This system was useful in figuring out grant alternatives, leveraging their community to connect with traders and third-party companies, and offering mentorship to assist navigate us by way of our enterprise development.”

“The assets SCEIN offered to Qubitekk had been invaluable,” stated Qubitekk CRO Corey McClelland. “As a startup with restricted funding, SCEIN allowed Qubitekk to develop utilizing their assets for mentoring, pitch deck growth, and introductions to different entrepreneurs and traders. When you’re beginning an organization, you don’t understand how a lot assist is obtainable. SCEIN was a one cease store that helped information us over the valley of dying to profitability.”

“The SCEIN crew has been one of the skilled teams to work with,” stated UCAP Energy CEO Gordon Schenk. “SCEIN has been extremely instrumental in our NREL and Edison Award success in addition to the current California Vitality Commissions CalTestBed grant we had been awarded.”

“Having secured a number of large-scale business utility, mass transit, and transportation electrification tasks in the course of the COVID-19 pandemic, we particularly appreciated SCEIN’s help and referrals in figuring out and securing undertaking financing,” stated VLI-EV CEO Masao Nishikawa.

“Cleantech San Diego’s enterprise accelerator program has helped XENDEE faucet right into a community of occasions, mentors, traders, gross sales alternatives and authorities businesses from across the globe,” stated Xendee Co-Founder and CEO Adib Nasle,. “Simply this June, we introduced our $12 million Collection A funding spherical and we look ahead to persevering with to be part of the exponential development of unpolluted vitality firms in Southern California.”

Concerning the Graduating Startups:

Chilldyne presents a liquid cooling expertise that improves Information Heart vitality effectivity 20-40 % for a faster return on funding whereas additionally enabling ten-times larger density computing than conventional air-cooled methods. In contrast to different sorts of liquid cooling, Chilldyne’s patented, negative-pressure expertise eliminates the danger of water leaks by pulling coolant by way of the system. The easy, direct-to-chip design means specialised technicians usually are not wanted for set up or new commissioning.

Managed Thermal Assets (CTR) is integrating geothermal energy and lithium extraction applied sciences to supply the world’s most sustainable supply of battery grade lithium to help electrification of transportation and generate low-cost, renewable vitality. CTR has been instrumental in creating California’s Lithium Valley close to the Salton Sea, a wealthy useful resource with the potential of supplying 600,000 metric tons of lithium yearly. Amongst many current milestone achievements for the corporate, final 12 months, the Biden-Harris Administration launched an EV Charging Motion Plan that included CTR and their strategic collaboration with Common Motors. This recognition of CTR’s work in Lithium Valley represented a significant milestone for the corporate and for the way forward for constructing a sustainable and accountable lithium battery provide chain in the USA.

Ivy Vitality developed the primary photo voltaic billing software program of its variety known as Digital Grid, fixing the cut up incentive downside of transacting photo voltaic vitality between residents in shared buildings. This enabled property house owners to spend money on rooftop photo voltaic and distribute photo voltaic vitality in a consumer-friendly method at a price financial savings to its residents. Digital Grid makes use of sensible grid logic to pretty distribute the photo voltaic vitality advantages of your entire neighborhood and ship an easy-to-understand month-to-month clear vitality expertise. Ivy’s purchasers on the platform right this moment are seeing $800-$1,500 in further NOI yearly per unit, whereas the top customers (tenants) see assured month-to-month vitality invoice financial savings of 5-20 %.

NeoCharge is optimizing house vitality utilization by way of software program and {hardware} options. NeoCharge’s flagship product, the Sensible Splitter, permits electrical car (EV) adoption and residential electrification by making entry to 220-volt energy clear, straightforward, and inexpensive. NeoCharge’s Join is a vehicle-integrated software program that helps EV drivers observe their vitality prices, scale back their carbon emissions, and get monetary savings on their utility payments by charging at one of the best occasions for the grid. NeoCharge has gained quite a few awards together with the LACI Innovators Award, the CEC CalSEED award, and is a two-time winner of Caltech RocketFund’s grant. NeoCharge can also be an Alumni of the Los Angeles Cleantech Incubator and is energetic within the Wells Fargo IN2 Incubator.

Occuspace supplies a camera-less, novel answer for reporting minute-by-minute indoor occupancy knowledge that offers constructing house owners the data they should scale back whole vitality consumption by 10-20 %, optimize area administration, and enhance the occupant expertise.

South 8 Applied sciences spun out from UC San Diego in 2016 and is creating a novel Liquefied Gasoline (LiGas®) electrolyte for next-generation Li-ion batteries. In distinction to utilizing standard liquids, the LiGas electrolyte makes use of off-the-shelf gasses because the solvent for the electrolyte. The distinctive chemistry presents important security enchancment, world-record working temperature vary, and potential for enhancements in vitality, all whereas providing value discount alternatives from decrease supplies and manufacturing value. The patented expertise is a straightforward drop-in alternative for right this moment’s lithium-ion cells, minimizing switching value through the use of nicely understood and customary manufacturing strategies. The LiGas electrolyte has been validated by main cell and automotive producers in addition to the U.S. Division of Protection.

Qubitekk manufactures quantum methods, designs system architectures, and integrates quantum expertise with classical infrastructure to unravel the quantum challenges of right this moment whereas getting ready for tomorrow. Along with its utility companion, Chattanooga’s EPB, Qubitekk has created and is actively deploying the primary business, subscription-based quantum community for the quantum trade. As the one US-based producer of quantum community methods, Qubitekk’s parts are designed, engineered, and precision manufactured to combine seamlessly with current structure to offer unmatched quantum communications over optical fiber and in free area. Along with terrestrial quantum networking breakthroughs, Qubitekk is advancing the combination of quantum communications {hardware} on unmanned aerial autos and low-earth orbit satellites, opening protection, aerospace, and business alternatives within the quantum area. Qubitekk gained the 2022 Edison Gold Award and a 2021 R&D 100 award in collaboration with EPB, Oak Ridge Nationwide Laboratory, and Los Alamos Nationwide Laboratory.

UCAP Energy develops ultracapacitor-based energy options throughout a variety of renewable markets. Their methods use sustainable based mostly merchandise and supply a long-lasting supply of dependable high-power vitality storage that may assist eradicate lead-acid and different hazardous supplies in batteries. In Might of 2021, UCAP Energy accomplished the acquisition of Maxwell Applied sciences Korea, the Korean-based ultracapacitor enterprise, in addition to different associated property together with the Maxwell model. Earlier this 12 months UCAP Energy gained awards on the 2022 NREL Business Progress Discussion board within the classes of Rising Markets and Finest Total Enterprise. As well as, the primary UCAP Energy product, the POWERBLoK, was a 2022 Edison Award winner within the Important Infrastructure class.

VLI-EV is a one-stop sustainable and renewable battery vitality storage options supplier that gives proprietary controls software program with excessive energy (5C cost/discharge charges) and tremendous lengthy life with 25-year warranties. These methods scale back buyer vitality and peak demand cost prices by 20-40 %, in addition to CO₂ emissions. VLI-EV addresses essentially the most stringent battery vitality storage functions starting from utility scale frequency and voltage rules, renewable vitality energy era stability, and tremendous excessive energy/cycle functions.

XENDEE’s award-winning platform integrates the microgrid design course of into one piece of software program and permits customers to quickly validate tasks of any measurement, optimize designs, optimize investments, and function microgrids in actual time to achieve their full potential. XENDEE’s software program can mannequin as much as 25 totally different distributed vitality useful resource applied sciences and calculates the optimum techno-economic answer for every web site to satisfy its objectives. These objectives can embody lowering prices, chopping CO₂ emissions, growing resilience, or a mix of all three.

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About Cleantech San Diego

Cleantech San Diego is a member-based enterprise affiliation that positions the higher San Diego area as a worldwide chief within the cleantech economic system and sensible cities motion. As a nonprofit group, Cleantech San Diego is uniquely suited to help the trade by fostering collaborations throughout the private-public-academic panorama, main advocacy efforts to advertise cleantech priorities, and inspiring extra equitable funding throughout the San Diego area. Stakeholders embody greater than 130 companies, universities, governments, and nonprofits dedicated to advancing sustainable options for the advantage of the economic system, the surroundings, and all members of the neighborhood. Study extra at cleantechsandiego.org.

Concerning the Southern California Vitality Innovation Community

The Southern California Vitality Innovation Community (SCEIN) is a free incubator program for clear vitality startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which are creating applied sciences to assist California meet its local weather objectives. This system supplies entry to the assets and amenities of regional companion organizations and connections with trade so as to speed up the commercialization of rising vitality applied sciences. Managed by Cleantech San Diego, this system is the results of a number of grants from the California Vitality Fee to assist advance California’s vitality innovation trade. Study extra at cleantechsandiego.org/scein

Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, shannonb@cleantechsandiego.org

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