We would like to introduce you to our 2014 cohort. 15 startups in smart grid and energy storage, energy efficiency, and transportation and bioenergy were selected based on their technology, market, and fit for the Hawaii and Asia Pacific markets. We look for startups that not only benefit from demonstrating their solution here, but also solve problems for Hawaii’s energy system. (Read more about this in Venture Beat).
Six of the startups will receive up to $1M each to demonstrate their technology in Hawaii as part of our growth stage program. In addition to funding 6 new growth-stage startups, we selected 9 highly promising startups for our seed stage program. The seed program focuses on commercialization of early-stage technologies, and awards companies up to $100,000 each.
Smart Grid and Energy Storage:
Amber Kinetics, Inc. | Growth 2014 | Amber Kinetics commercializes a low-cost flywheel energy storage solution to help utilities reliably integrate wind and solar into the power grid.
Ambri | Growth 2014 | Ambri is deploying liquid metal battery technology to make power cheaper, cleaner, and more reliable all over the world.
Ballast Energy, Inc. | Seed 2014 | Ballast Energy, Inc. halves the cost of lithium ion batteries by pioneering a low-cost production process to unlock new markets.
Shifted Energy | Seed 2014 | Shifted Energy deploys smart grid, interactive demand response solutions using open standards and their Green Shift Platform.
Stem, Inc. | Growth 2014 | Stem optimizes energy savings and minimizes needed battery size through data analytics and advanced energy storage solutions.
Effortless Energy | Seed 2014 | Effortless Energy integrates innovative finance with technology and marketing to make energy efficiency the no-brainer it ought to be.
Ibis Networks | Growth 2014 | Ibis Networks provides plug-load energy management services and secure data analytics for large commercial organizations.
Navatek Ltd. | Seed 2014 | Navatek Ltd. is reducing the cost of wind energy by increasing efficiency with on-blade actuators.
Open Power Quality | Seed 2014 | Open Power Quality is the catalyst for crowd sourcing power quality data collection.
Oroeco | Seed 2014 | Oroeco is developing a social platform to empower users to align their personal values with their everyday spending, investment, and lifestyle decisions.
People Power | Growth 2014 | People Power turns smartphones into smart homes by enabling homeowners to control and monitor all of their electrical devices.
Pono Home | Seed 2014 | Pono Home helps people reduce their utility costs through auditing, infrastructural changes, and occupant education, all in a one-time service.
Pyro-E | Seed 2014 | Pyro-E is harvesting vehicular and industrial waste heat to improve the energy-use efficiency of the U.S. and the World.
Transportation and Bioenergy:
Autowatts | Seed 2014 | Autowatts helps consumers pair the purchase of an electric vehicle with a photovoltaic system for clean and eventually free fuel.
TerViva | Growth 2014 | TerViva develops and commercializes new crops that grow sustainably on underproductive agricultural land.