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 in the present day introduced the commencement of ten native clear power corporations – Chilldyne, Managed Thermal Sources, 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 power startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which can be creating applied sciences to assist California meet its clear power objectives. This system gives free enterprise providers by means of a consortium of regional companion organizations and personal sector corporations to assist entrepreneurs efficiently convey their power improvements to market.

Since coming into SCEIN, these ten corporations have secured a number of prospects, constructed strong gross sales pipelines, and raised adequate capital to help the scaling of their breakthrough power 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. Seventeen regional clear power corporations have now graduated this system after receiving personalized enterprise service plans from SCEIN.

“SCEIN is happy to have been in a position to present providers and help that has enabled all ten of those revolutionary corporations to speed up market traction of their breakthrough clear power options,” mentioned Marty Turock, Govt Director of SCEIN. “Every of their merchandise create thrilling new methods for purchasers to cut back power use, get monetary savings, and curb greenhouse fuel emissions – all whereas creating new jobs and furthering California’s cleantech financial 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 corporations have commercialized revolutionary applied sciences which can be accelerating market transformation in transportation electrification, grid and constructing decarbonization, power effectivity, and resiliency. In 2021, the California Vitality Fee accepted follow-on funding for SCEIN to proceed supporting power entrepreneurs by means of 2026.

Up to now, 66 corporations have been served by SCEIN, 31 of that are at present energetic in this system. Collectively, these startups make use of 629 folks, have had 386 patents accepted, and have raised over $300 million in follow-on funding from private and non-private sources since being accepted into this system. 79 p.c of SCEIN corporations have C-Suite range.

“The Southern California Vitality Innovation Community is just not solely serving to the subsequent wave of power entrepreneurs convey 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 power sectors,” mentioned Cleantech San Diego President and CEO Jason Anderson. “It’s thrilling and rewarding to see SCEIN corporations offering new revolutionary options which can be offering cost-effective clear power applied sciences that may assist all Californians scale back their power prices and environmental affect.”

SCEIN purposes are accepted on a rolling foundation. Anybody keen on making use of as an entrepreneur, changing into a mentor, becoming a member of the Technical Advisory Committee, or internet hosting a pilot demonstration mission, 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 displays from 9 different clear power startups at present engaged within the SCEIN program. The showcase is designed to boost the visibility of those corporations 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 the direction of demonstrable product market match,” mentioned Ivy Vitality Founder and CEO Dover Janis. “SCEIN was there to attach Ivy’s group to skilled advisors, level them in the direction of public applications that would help in validation and funding, and provides precious suggestions on technique. The SCEIN program helps entrepreneurs with nice concepts get the help they want that provides them credibility and confidence in probably the most troublesome phases of early validation and progress.”

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

“We recognize the SCEIN group’s steady mentorship through the years that Occuspace has been concerned in this system,” mentioned Occuspace CEO Nic Halverson. “We’ve acquired directional suggestions on high-level company technique and introductions to prospects and traders which have been game-changing for our startup. You possibly can inform the SCEIN group 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 power space for storing in the present day,” mentioned 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 providers, and offering mentorship to assist navigate us by means of our enterprise progress.”

“The sources SCEIN supplied to Qubitekk had been invaluable,” mentioned Qubitekk CRO Corey McClelland. “As a startup with restricted funding, SCEIN allowed Qubitekk to develop utilizing their sources for mentoring, pitch deck improvement, and introductions to different entrepreneurs and traders. When you find yourself 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 demise to profitability.”

“The SCEIN group has been one of the vital skilled teams to work with,” mentioned 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 industrial utility, mass transit, and transportation electrification initiatives in the course of the COVID-19 pandemic, we particularly appreciated SCEIN’s help and referrals in figuring out and securing mission financing,” mentioned 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 companies from across the globe,” mentioned Xendee Co-Founder and CEO Adib Nasle,. “Simply this June, we introduced our $12 million Sequence A funding spherical and we look ahead to persevering with to be part of the exponential progress of fresh power corporations in Southern California.”

Concerning the Graduating Startups:

Chilldyne gives a liquid cooling expertise that improves Knowledge Heart power effectivity 20-40 p.c for a faster return on funding whereas additionally enabling ten-times greater density computing than conventional air-cooled techniques. Not like different kinds of liquid cooling, Chilldyne’s patented, negative-pressure expertise eliminates the danger of water leaks by pulling coolant by means of the system. The straightforward, direct-to-chip design means specialised technicians are usually not wanted for set up or new commissioning.

Managed Thermal Sources (CTR) is integrating geothermal energy and lithium extraction applied sciences to provide the world’s most sustainable supply of battery grade lithium to help electrification of transportation and generate low-cost, renewable power. 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 yr, the Biden-Harris Administration launched an EV Charging Motion Plan that included CTR and their strategic collaboration with Basic 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 america.

Ivy Vitality developed the primary photo voltaic billing software program of its variety referred to as Digital Grid, fixing the cut up incentive drawback of transacting photo voltaic power between residents in shared buildings. This enabled property house owners to put money into rooftop photo voltaic and distribute photo voltaic power 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 power advantages of all the neighborhood and ship an easy-to-understand month-to-month clear power expertise. Ivy’s shoppers on the platform in the present day are seeing $800-$1,500 in further NOI yearly per unit, whereas the tip customers (tenants) see assured month-to-month power invoice financial savings of 5-20 p.c.

NeoCharge is optimizing residence power utilization by means of software program and {hardware} options. NeoCharge’s flagship product, the Good Splitter, allows electrical automobile (EV) adoption and residential electrification by making entry to 220-volt energy clear, straightforward, and reasonably priced. NeoCharge’s Join is a vehicle-integrated software program that helps EV drivers monitor their power prices, scale back their carbon emissions, and get monetary savings on their utility payments by charging at the very 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 be an Alumni of the Los Angeles Cleantech Incubator and is energetic within the Wells Fargo IN2 Incubator.

Occuspace gives a camera-less, novel resolution for reporting minute-by-minute indoor occupancy knowledge that provides constructing house owners the knowledge they should scale back complete power consumption by 10-20 p.c, optimize house 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 gives vital security enchancment, world-record working temperature vary, and potential for enhancements in power, all whereas providing value discount alternatives from decrease supplies and manufacturing value. The patented expertise is a straightforward drop-in substitute for in the present day’s lithium-ion cells, minimizing switching value through the use of effectively understood and customary manufacturing methods. The LiGas electrolyte has been validated by main cell and automotive producers in addition to the U.S. Division of Protection.

Qubitekk manufactures quantum techniques, designs system architectures, and integrates quantum expertise with classical infrastructure to unravel the quantum challenges of in the present day whereas making ready for tomorrow. Along with its utility companion, Chattanooga’s EPB, Qubitekk has created and is actively deploying the primary industrial, subscription-based quantum community for the quantum business. As the one US-based producer of quantum community techniques, Qubitekk’s elements are designed, engineered, and precision manufactured to combine seamlessly with present structure to supply unmatched quantum communications over optical fiber and in free house. Along with terrestrial quantum networking breakthroughs, Qubitekk is advancing the mixing of quantum communications {hardware} on unmanned aerial autos and low-earth orbit satellites, opening protection, aerospace, and industrial alternatives within the quantum discipline. 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 techniques use sustainable based mostly merchandise and provide a long-lasting supply of dependable high-power power storage that may assist eradicate lead-acid and different hazardous supplies in batteries. In Could 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 yr UCAP Energy gained awards on the 2022 NREL Business Progress Discussion board within the classes of Rising Markets and Finest General Enterprise. As well as, the primary UCAP Energy product, the POWERBLoK, was a 2022 Edison Award winner within the Vital Infrastructure class.

VLI-EV is a one-stop sustainable and renewable battery power 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 techniques scale back buyer power and peak demand cost prices by 20-40 p.c, in addition to CO₂ emissions. VLI-EV addresses probably the most stringent battery power storage purposes starting from utility scale frequency and voltage rules, renewable power energy technology stability, and tremendous excessive energy/cycle purposes.

XENDEE’s award-winning platform integrates the microgrid design course of into one piece of software program and permits customers to quickly validate initiatives of any dimension, 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 completely different distributed power useful resource applied sciences and calculates the optimum techno-economic resolution for every website to fulfill its objectives. These objectives can embody lowering prices, reducing 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 financial system and sensible cities motion. As a nonprofit group, Cleantech San Diego is uniquely suited to help the business 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 good thing about the financial system, the setting, 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 power startups based mostly in San Diego, Riverside, San Bernardino, and Imperial counties which can be creating applied sciences to assist California meet its local weather objectives. This system gives entry to the sources and services of regional companion organizations and connections with business so as to speed up the commercialization of rising power 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 power innovation business. Study extra at cleantechsandiego.org/scein

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

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