The Wells Fargo Innovation Incubator(IN 2 ), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the National Renewable Energy Laboratory, has selected the fourth round of clean-tech and energy efficiency startup companies to join the program.
The five startups join 20 other early-stage companies that have received support to address energy challenges in commercial buildings, which currently account for more than 40 percent of energy usage in the U.S.
Each of the five early-stage companies will receive up to $250,000 in non-dilutive funding to test, validate and advance their technologies with a network of experts at the National Renewable Energy Laboratory’s research facility in Golden, Colo. After validation in the lab, participating companies may have the opportunity to beta test on a Wells Fargo property or with a strategic program partner.
- 75F (Burnsville, Minn.). Easy-to-setup HVAC controls system with the potential to cut install time and costs by up to 80 percent, compared to traditional controls systems.
- Ladybug Tools (Baltimore). Computer applications that support the design process for sustainable buildings and net-zero districts seeking to employ cutting-edge energy technologies.
- Next Energy Technologies, Inc. (Santa Barbara, Calif.). Low-cost, printable, transparent energy-harvesting coatings that are seamlessly integrated into windows to provide onsite renewable power.
- UbiQD, Inc. (Los Alamos, N.M.). Nanomaterials for energy harvesting that provide a simple, scalable, low-cost and aesthetically pleasing approach to solar windows.
- Yotta (Austin, Texas). Modular energy storage integrated with solar, designed to reduce cost and expand development of energy storage and grid resiliency on commercial buildings.
Launched in 2014, the IN 2 facilitates the commercialization and adoption of clean energy technologies. With resources from Wells Fargo and the National Renewable Energy Laboratory, IN 2 provides funding, technical assistance and real-world beta testing opportunities that help companies uniquely understand their customers. Founded initially to address energy challenges in commercial buildings, the program recently expanded its focus to include the interconnection of food, energy and water.
“We are excited to welcome these five innovative companies and look forward to helping them tackle sustainability and energy efficiency challenges and speed their path to market,” said Trish Cozart, IN 2 program manager at the National Renewable Energy Laboratory. “Companies participating in previous rounds are already demonstrating their technologies in real-world applications, receiving follow-on funding and being acquired by successful corporations.”