Three Regional Clear Power Firms Graduate from Cleantech San Diego Enterprise Accelerator

Three Regional Clear Power Firms Graduate from Cleantech San Diego Enterprise Accelerator

Aquacycl, Kitu Techniques, and Nuvve Full Southern California Power Innovation Community (SCEIN) Program

SCEIN Annual Showcase Occasion Being Held November 2

SAN DIEGO, CA, October 25, 2021 – Cleantech San Diego immediately introduced the commencement of native clear vitality corporations Aquacycl, Kitu Techniques, and Nuvve from its Southern California Power Innovation Community (SCEIN).

SCEIN is an accelerator program for clear vitality startups primarily based in San Diego, Riverside, San Bernardino, and Imperial counties which might be creating applied sciences to assist California meet its clear vitality objectives. This system presents free enterprise companies by means of a consortium of regional companion organizations to assist vitality entrepreneurs efficiently carry their improvements to market.

Since getting into SCEIN in 2017/2018, Aquacycl, Kitu Techniques, and Nuvve have secured a number of prospects, constructed sturdy gross sales pipelines, and raised enough 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 total vary of sources and referrals made obtainable to them. Seven regional clear vitality corporations have now graduated after receiving personalized enterprise service plans from this system.

“Cleantech San Diego’s SCEIN incubator is happy to have been in a position to present companies and help that has enabled all three of those distinctive corporations to speed up their business traction,” mentioned Marty Turock, Govt Director of SCEIN. “Their successes allow their prospects to cut back vitality utilization, prices, and carbon emissions whereas creating new jobs.”

Cleantech San Diego launched the SCEIN program in 2016 after profitable a grant from the California Power Fee. Over this system’s first 5 years of operation, SCEIN member corporations have commercialized modern applied sciences which might be accelerating market transformation in transportation electrification, grid and constructing decarbonization, vitality effectivity, and resiliency. In June 2021, the California Power Fee accredited follow-on funding for SCEIN to proceed supporting vitality entrepreneurs for an additional 5 years.

“The Southern California Power Innovation Community shouldn’t be solely serving to the subsequent wave of vitality entrepreneurs carry their applied sciences to market, however it’s making certain the better San Diego area – together with the Imperial Valley and the Inland Empire – and the state of California stay aggressive within the clear know-how and renewable vitality sectors,” mentioned Cleantech San Diego President and CEO Jason Anderson.

To this point, 58 corporations have been served by SCEIN, 38 of that are presently lively in this system. Collectively, these startups make use of 362 individuals, have had 162 patents accredited, and have raised greater than $223 million in personal and public funding since being accepted into this system. 76 % of SCEIN corporations have C-Suite range.

In regards to the Graduates:

Aquacycl presents the one modular and scalable know-how able to producing direct electrical energy (no methane) and recycled water from wastewater and sludge. Their know-how and companies generate a 20-60 % discount in general working prices for meals and beverage trade purposes. Aquacycl has accomplished profitable business deployments and constructed a gross sales pipeline with world leaders within the meals and beverage trade. Most lately, Aquacycl expanded their market alternative by demonstrating capability for eradicating hydrocarbons from wastewater generated throughout the storage of oil and fuel merchandise at ports across the globe. This know-how demonstration led one of many largest tank terminal operators on this planet to guide Aquacycl’s Collection A capital increase.

Aquacycl CEO Orianna Bretschger, who lately received the 2021 Cartier Ladies’s Initiative Science and Know-how Pioneer laureate award, has led the corporate’s strategic and worthwhile development.

“The Southern California Power Innovation Community has been a vital useful resource for our enterprise,” mentioned Bretschger. “The SCEIN administration workforce, mentors, service suppliers, studying alternatives, and investor connections have been pivotal in serving to our firm develop. The sources and introductions offered by SCEIN have helped Aquacycl meet funding objectives, construct our workforce, and higher leverage and increase our community.”

Kitu Techniques gives a complete portfolio of gadget embedded software program, cloud companies, and on-premises enterprise options that allow a leap ahead within the interconnection of customer-owned photo voltaic photovoltaics (PV), battery storage, electrical automobiles, and different distributed vitality sources (DERs) to utilities. By enabling aggregation, communication, and coordination of those property, the Kitu Grid Motion Platform^TM gives the inspiration for brand new vitality networks which might be clever, safe, resilient, adaptive, environment friendly, and scalable.

A pioneer and chief within the improvement of the IEEE 2030.5 customary, Kitu Techniques has efficiently deployed and scaled good inverter nodes that adjust to California Rule 21 in each photo voltaic and vitality storage purposes and efficiently tailored the usual to work with EV charging infrastructure below Southern California Edison’s Cost Prepared program, demonstrating their answer’s worth to utilities. Concurrently, Kitu Techniques has established distribution agreements with electrical automobile provide tools producers to allow future vehicle-to-grid purposes.

Rick Kornfeld, Kitu’s founder and CEO, famous that the SCEIN program has been integral to the expansion of his enterprise. “The connections offered by this system and the synergies developed in working with the SCEIN workforce and different incubated corporations have been invaluable in rising our footprint with prospects and rising our visibility with companions internationally.” 

Nuvve has profitable deployments on 5 continents and is the worldwide chief in vehicle-to-grid (V2G) know-how that permits EV batteries to cost, retailer, after which discharge unused vitality again to the electrical grid in a bidirectional method. V2G additionally helps combine renewable vitality into the grid in a extra predictable means and may generate income by offering grid companies the place relevant that assist stabilize the grid and stop blackouts. 2021 has been a breakthrough 12 months for Nuvve. After finishing a SPAC merger with New child Acquisition Company, Nuvve raised internet proceeds of $62 million from the enterprise mixture and PIPE providing on the Nasdaq trade. On August 4, 2021, Nuvve accomplished the formation of Levo Mobility LLC (Levo), a sustainable infrastructure three way partnership with Stonepeak Companions LP that can present as much as $750 million to fund transactions with electrical fleets that can make the most of their V2G know-how. Levo’s Fleet-as-a-Service (FaaS) providing is a turnkey answer to intelligently electrify fleets that features EVs, charging infrastructure, vitality administration powered by Nuvve, and upkeep for a flat month-to-month price and no upfront prices. This modern enterprise mannequin removes the most important capital barrier – the price of buying new EVs.

Leveraging the FaaS mannequin with strategic partnerships with Blue Chicken Company and the Lion Electrical Firm, Nuvve is uniquely positioned to assist transition their focused beachhead market – estimated at over 480,000 diesel college buses throughout the USA – to electrical. Nuvve CEO Gregory Poilasne’s imaginative and prescient of changing fleets of EVs into digital energy vegetation is now a actuality that can proliferate even sooner with anticipated federal infrastructure funding.

SCEIN purposes are accepted on a rolling foundation. Anybody involved in making use of as an entrepreneur, turning 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.

Southern California Power Innovation Community Annual Showcase Occasion:

Cleantech San Diego is internet hosting its Southern California Power Innovation Community (SCEIN) Annual Showcase occasion on November 2, 2021, from 9:00 – 11:00 am. This free, digital, public occasion will function displays from 9 later-stage clear vitality startups presently engaged within the SCEIN program. The showcase is designed to boost the visibility of those corporations with VCs, buyers, strategic companions, and the broader cleantech neighborhood. To study extra and register, go to cleantechsandiego.org/occasion/sceinshowcase2021.

Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, [email protected]

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