Wells Fargo IN(2) Welcomes New Cohort Focused on Decarbonization Solutions for Buildings
Wells Fargo Innovation Incubator (IN²) has selected three startups for its 14th cohort, focusing on decarbonization solutions for buildings. Blip Energy, Evercloak, and Transaera will each receive $250,000 in non-dilutive funding to develop energy-efficient building technologies. The companies will collaborate with NREL scientists to validate their solutions, which include smart battery platforms, refrigerant-free dehumidification systems, and advanced air conditioning technology. These innovations aim to reduce energy consumption and emissions in commercial and residential buildings. The IN² portfolio now includes 75 companies that have secured over $2.6 billion in follow-on funding.
Wells Fargo Innovation Incubator (IN²) ha selezionato tre startup per la sua quattordicesima coorte, focalizzandosi su soluzioni di decarbonizzazione per gli edifici. Blip Energy, Evercloak e Transaera riceveranno ciascuna $250.000 in finanziamenti non diluitivi per sviluppare tecnologie edilizie ad alta efficienza energetica. Le aziende collaboreranno con scienziati del NREL per convalidare le loro soluzioni, che comprendono piattaforme per batterie intelligenti, sistemi di deumidificazione privi di refrigeranti e tecnologie avanzate di climatizzazione. Queste innovazioni mirano a ridurre il consumo energetico e le emissioni negli edifici commerciali e residenziali. Il portafoglio di IN² ora include 75 aziende che hanno ottenuto oltre $2,6 miliardi in finanziamenti successivi.
Wells Fargo Innovation Incubator (IN²) ha seleccionado tres startups para su decimocuarta cohorte, enfocándose en soluciones de descarbonización para edificios. Blip Energy, Evercloak y Transaera recibirán cada una $250,000 en financiamiento no dilutivo para desarrollar tecnologías de edificios eficientes en energía. Las empresas colaborarán con científicos del NREL para validar sus soluciones, que incluyen plataformas de batería inteligentes, sistemas de deshumidificación sin refrigerantes y tecnología avanzada de aire acondicionado. Estas innovaciones tienen como objetivo reducir el consumo de energía y las emisiones en edificios comerciales y residenciales. El portafolio de IN² ahora incluye 75 empresas que han asegurado más de $2.6 mil millones en financiamiento posterior.
웰스파고 혁신 인큐베이터(IN²)는 건물의 탈탄소화 솔루션에 집중하며 14번째 코호트에 세 개의 스타트업을 선정했습니다. 블립 에너지, 에버클록, 그리고 트랜세라는 각각 에너지 효율적인 건축 기술을 개발하기 위해 250,000달러의 비 희석 자금을 받게 됩니다. 이들 회사는 NREL 과학자들과 협력하여 스마트 배터리 플랫폼, 냉매 없는 제습 시스템 및 고급 공조 기술을 포함한 솔루션을 검증할 것입니다. 이러한 혁신은 상업 및 주거 건물의 에너지 소비와 배출량을 줄이는 것을 목표로 합니다. IN²의 포트폴리오에는 현재 75개의 기업이 포함되어 있으며, 이들은 후속 자금 조달에서 26억 달러 이상을 확보하였습니다.
Wells Fargo Innovation Incubator (IN²) a sélectionné trois startups pour sa quatorzième cohorte, en se concentrant sur des solutions de décarbonisation pour les bâtiments. Blip Energy, Evercloak et Transaera recevront chacune 250 000 $ en financement non dilutif pour développer des technologies de construction écoénergétiques. Les entreprises collaboreront avec des scientifiques du NREL pour valider leurs solutions, qui incluent des plateformes de batteries intelligentes, des systèmes de déshumidification sans réfrigérant et une technologie de climatisation avancée. Ces innovations visent à réduire la consommation d'énergie et les émissions dans les bâtiments commerciaux et résidentiels. Le portefeuille d'IN² comprend désormais 75 entreprises qui ont sécurisé plus de 2,6 milliards de dollars en financements ultérieurs.
Wells Fargo Innovation Incubator (IN²) hat drei Startups für seine 14. Kohorte ausgewählt, die sich auf Lösungen zur Dekarbonisierung von Gebäuden konzentrieren. Blip Energy, Evercloak und Transaera werden jeweils 250.000 USD an nicht verwässerndem Kapital erhalten, um energieeffiziente Gebäudetechnologien zu entwickeln. Die Unternehmen werden mit NREL-Wissenschaftlern zusammenarbeiten, um ihre Lösungen zu validieren, die intelligente Batterietechnologien, kühlmittelfreie Entfeuchtungssysteme und fortschrittliche Klimatisierungstechnologie umfassen. Diese Innovationen zielen darauf ab, den Energieverbrauch und die Emissionen in gewerblichen und privaten Gebäuden zu reduzieren. Das IN²-Portfolio umfasst nun 75 Unternehmen, die über 2,6 Milliarden USD an Folgefinanzierungen gesichert haben.
- Portfolio companies have secured over $2.6 billion in follow-on funding
- Program expansion to 75 companies demonstrates successful track record
- Strategic partnership with NREL provides access to research facilities and expertise
- None.
Insights
The
The selected startups target critical building efficiency challenges, particularly Evercloak and Transaera promising
DENVER / ACCESSWIRE / November 20, 2024 / Wells Fargo
Three startups awarded
The Wells Fargo Innovation Incubator (IN²), a clean technology program funded by Wells Fargo and co-administered by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), today announced the selection of three startups for its next cohort in the Emerging Tech Track. This cohort targets scalable, drop-in solutions for the built environment to drive energy efficiency, reduce emissions, and support decarbonization across commercial and residential sectors.
"With increasing urbanization, addressing energy demands and building resilience is paramount," said Sarah Derdowski, IN² program manager at NREL. "These startups have market-ready technologies poised to make a meaningful impact on how we manage buildings' energy demands. Their solutions are designed for quick deployment across diverse settings, helping to accelerate adoption and maximize energy efficiency and sustainability."
Each company will receive
The selected companies in IN²'s 14th cohort are:
Blip Energy (Chicago, Illinois): Focused on transforming the grid into a resource, Blip's smart battery platform manages the energy consumption of high load appliances like air conditioners, refrigerators, and more. This affordable drop-in technology makes an immediate impact without the typical barriers around permitting and installation. Blip Energy will collaborate with NREL's Dr. Ravi Kishore.
Evercloak (Waterloo, Ontario): Evercloak is revolutionizing how buildings are cooled with its refrigerant-free dehumidification systems, powered by graphene-oxide membrane technology. The solution can improve building cooling energy use by up to
50% . Evercloak will collaborate with NREL's Dr. Jason Woods.Transaera (Somerville, Massachusetts): Transaera's advanced dehumidification system addresses the energy-intensive nature of air conditioning in humid climates. Their solution integrates with standard HVAC systems to reduce the energy consumption of commercial air conditioning by
40% . Transaera will collaborate with NREL's Dr. Nelson James.
These companies' innovations represent critical advancements toward IN²'s mission of enabling clean technology solutions that address real-world challenges. In addition to financial support, selected startups gain access to NREL's unparalleled research facilities and expertise, de-risking their technology in the lab and positioning them for continued market success.
"We're thrilled to continue our work with IN2 and support innovative companies working to address energy and resilience challenges in buildings," said Jeff Schub, senior vice president and leader of Sustainable Finance Integration and interim co-head of Sustainability at Wells Fargo. "We are particularly excited that this cohort will get real-time feedback from companies in IN2's new Scalable Tech Track. The demand for innovative solutions in the building and sustainability space is only growing, so we continue to support companies preparing to meet that rising need."
With the addition of this 14th cohort, IN²'s portfolio now totals 75 companies spanning sectors from agriculture and housing to the built environment. To date, the program's portfolio companies have collectively secured more than
About the Wells Fargo Innovation Incubator (IN²)
The Wells Fargo Innovation Incubator (IN²) is a
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