Impact Report
2014
2015
“Systems are actually all connected…there is
no real separation between our water system,
food system, energy system, the built
infrastructure that we’ve created, or the
communities that exist in these places.”
Dawn Lippert | Director, Energy Excelerator
Energy Excelerator is a startup program dedicated to helping solve the
world’s energy challenges, starting in Hawaii.
32
14
$207 M
Active portfolio
companies
Companies generating
revenue
Follow-‐on funding
raised as of Q1 2015
Over the past 3 years we’ve been working toward our mission of helping
the most innovative companies succeed and transforming Hawaii’s energy
system.
To the left is a snapshot of where we are now. How did we get here? You’ll
have to read on…
First, a heads up:
1. This report will look a little different from those typically produced
by financial institutions, tech companies, government agencies, or nonprofits. This is because our program is a hybrid; we stand at the nexus of investors, tech accelerators, and government grant programs; and yes, we are a program within a nonprofit.
2. All data in this report is as of JUNE 2015 . Why? Two reasons:
1)﴿ our flagship event in Silicon Valley is typically held in June; and 2)﴿ our application season starts in May. Although our previous
cohort is still executing their demonstration projects and customer
discovery, selecting a new cohort symbolizes a new year for us.
Table of Contents
Who we are
Timeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The Navy funded us for a reason . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Our funders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Our pipeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6
7
8
How it works
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Q&A with EEx companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Dual-‐track program: Go-‐to-‐market & Demonstration Tracks . . . . 11
Portfolio
Energy Excelerator portfolio companies . . . . . . . . . . . . . . . . . . . . . 12
Our companies attract top partners . . . . . . . . . . . . . . . . . . . . . . . . . 13
Impact
Company success
Portfolio metrics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Energy Excelerator Interactive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Company press . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Stem’s story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Ibis Networks’ story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Shifted Energy’s story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
TerViva’s story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Autowatts’ story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Where are EEx companies active . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Impact
Transforming a place
Systems approach pt. 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Systems approach pt. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
EEx portfolio companies active in Hawaii . . . . . . . . . . . . . . . . . . . . .
24
25
26
27
How did we get here
Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Startup Paradise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Press . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Women, veterans, and STEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
30
31
32
33
We want to hear from you . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
If you have 99 seconds left . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Ready? Let’s go…
Our journey takes a turn in 2012
2015
2013
2009
1985
Parent non-‐
profit, PICHTR,
is incorporated
$11M of seed
funding from
U.S. Department
of Energy (﴾DOE)﴿
Grew our portfolio
of companies
Grew our funding
pool and partners
2010 -‐
2011
Deployed
traditional grant
model with 10
companies funded
for technology
demonstration and
commercialization
Total funding
committed
2nd EEx Interactive
at Google[x]
HEI becomes 1st private
funding (﴾Corporate
Foundation Partner)﴿
EEx wins Blackstone
Charitable Foundation
Innovation Grant
DENSO becomes EEx’s
1st international
corporate partner
2012
Energy Excelerator
created
Mathworks becomes a
program partner
Pivot based on
analysis of results
and 40+ interviews
with cleantech
innovators, leaders,
and funders creates
EEx model
1st “beta” cohort
of 8 companies
enters Energy
Excelerator
1st EEx Interactive at
Google Partner Plex
$30M commitment
from Office of Naval
Research
8
10
2014
New EEx HQ co-‐
working space opens
in Downtown, Honolulu
Expanded topic areas
to include energy, water,
transportation,
agriculture, and
cybersecurity
GE Ventures is EEx’s
newest corporate sponsor
21
32
$10M
Total deployed
5
The Navy funded us for a reason
Assistant Secretary of the Navy,
Dennis McGinn, at Energy
Excelerator Interactive 2015
Aggressive renewable
energy goals: 1 GW from
alternative sources
Energy has been identified as a strategic challenge for
the U.S. military
Rapid commercialization
of mission-‐critical
solutions
Energy Excelerator is the only project in the
Department of Defense of this type. We find and scale
energy solutions faster than the Navy could on its own
by leveraging private capital and strategic partners
Pivot to the Pacific
We are headquartered in Hawaii, close to Pacific
Command; Pacific Command encompasses 51% of the
Earth's surface
Read about it on our blog and in the Navy’s Energy Program for
Security & Independence
6
Our funders
Our program is primarily funded by the U.S. Department of Defense’s Office of Naval Research, U.S. Department
of Energy, State of Hawaii, and corporate partners.
Energy Excelerator is a part of a Hawaii-‐based 501(﴾c)﴿(﴾3)﴿ nonprofit, the
Pacific International Center for High Technology Research (﴾PICHTR)﴿.
7
A great program starts with a great pipeline
2014 cohort
2013 cohort
Number of portfolio
companies
Number and quality of
applications received
32
21
8
10%
50
228
Executive team members
with previous exits
2015 cohort
17%
298
33%
8
How it works
Our dual-‐track model takes the best from tech accelerators, investors, and government grants to develop a program customized for energy
innovation. Each summer we open for applications. We do three months of due diligence and select our new cohort of about 15 companies each fall,
7-‐10 for our Go-‐to-‐market Track and 5-‐8 for our Demonstration Track. Demonstration Track companies spend a week in Honolulu near the beginning
of their 12-‐18 month program, and typically travel to Hawaii every other month to work on their demonstration project. Our Go-‐to-‐market Track
cohort also comes together for a week in Honolulu near the beginning of their program. This is a week of customer discovery and developing cohort
relationships. Our Go-‐to-‐market Track lasts 8 months with 4 one-‐week immersions with their cohort in Hawaii and Silicon Valley.
9
How it works
How does Energy Excelerator IMPACT companies in such a SHORT AMOUNT OF TIME? Two ways: 1) Peer-‐to-‐peer learning to
leverage inter-‐cohort expertise, something EEx borrowed from top tech accelerators; and 2) A custom-‐built ecosystem for each company.
Outside of the weeks we spend together as a cohort, the people EEx surrounds us with are hand-‐picked to fit our needs.
Lisa Laughner | CEO, Go Electric
How does Energy Excelerator ATTRACT companies FROM AROUND THE COUNTRY? Requiring companies to move to Hawaii for
the full duration of the program didn't fit the stage of company we were after. Our program is run in non-‐consecutive weeks. Companies
who aren't based in Hawaii end up traveling to the islands frequently to engage with their project partners and cohort. Some companies
even open offices and hire local team members.
Heather Richman | Strategic Partnerships, Energy Excelerator
An accelerator backed by GOVERNMENT FUNDING…how and why does that work? The Office of Naval Research and
Department of Energy are perfect partners for our program and our companies. With their funding we are able to award our
companies relatively large grants (up to $1M). Our companies are able to validate their technologies and business models and
leverage our funding to raise follow-‐on capital and secure customers.
Warren Doi | Go-‐to-‐market Track, Energy Excelerator
As an Energy Excelerator company, what do you GIVE BACK? I’ve spent hours talking to customers, creating slides, negotiating deals,
and practicing my pitch. They've spent hours providing feedback, speaking with policy makers in this highly regulated industry, connecting
us to investors & customers, and delivering great program content. So, one thing companies put in is time; you get out what you put in.
Another thing we give back is a donation of 1-‐6% equity to the program. And finally, we give back by mentoring other companies -‐ paying
it forward to entrepreneurs working to solve the same global challenges. Honestly folks, it’s worth it.
Arcady Sosinov | CEO, FreeWire Technologies
10
Our dual-‐track program
While every company is unique, we find that they fall into 2 major categories: one has technology in
search of a customer, while another has customers
in search of scale
WHO THEY ARE
WHAT THEY NEED
WHAT WE PROVIDE
WHAT THEY GIVE BACK
14
companies
22
companies
Go-‐to-‐market
4 made the leap from Go-‐to-‐
market to Demonstration
Demonstration
Companies with an innovative technology
(﴾working prototype)﴿ and excellent team
(﴾2 or more people)﴿
Companies with an innovative technology,
excellent team, customer traction, and a strong
understanding of Hawaii and Asia Pacific markets
Validate and vet their business model and go-‐to-‐
market strategy with customers in Hawaii and
Asia Pacific markets
Demonstrate technical and financial
performance of their solution with customers
We help you find customers
We help you scale
1. $75K grant funding;
2. Mentorship; and
3. Relationships with investors, corporates, and
other strategic partners
1. Up to $1M grant funding; and
2. Relationships with customers, investors,
corporates, and other strategic partners
1. Donate 1-‐6% equity
2. Share their networks
3. Help us recruit great companies
1. Donate 1-‐6% equity
2. Mentor Go-‐to-‐market companies
3. Share their networks
4. Help us recruit great companies
11
Our portfolio
# of companies
Grid
Acquired by Pathion
12
Efficiency
6
Financing
4
Transportation
5
Acquired by
Daimler Chrysler
Agriculture
4
Water
1
12
Our companies attract top partners
GE Ventures
Iberdrola
Mitsui
RWE
Constellation Energy
PG&E
TXU Energy
Khosla Ventures
Bill Gates
Total
KLP Enterprises
SXSW
Car2Go
Daimler Mobility
DOE
SEIA
Fortune 500
banks
Village Capital
YieldLab
Kamehameha Schools
Kupu
Ulupono Initiative
Oceanit
Steve Blank
LinkedIn
Siemens
Autodesk
DOE (﴾U.S. Department of Energy)﴿ | PG&E (﴾Pacific Gas & Electric)﴿ | RWE (﴾German utility)﴿ | SEIA (﴾Solar Energy Industries Association)﴿
United Airlines
NYSERDA
Verizon
NYC Acre
13
Our impact
As a part of a non-‐profit, we measure success in 2 ways:
1.
2.
Helping our companies succeed; and
Helping transform a place, Hawaii, through
innovation; we call this place-‐based innovation.
“Beyond ideal economic conditions, funding, and strategic
partnerships, we build a community around our
companies. This is what makes Hawaii special and it’s
something you have to experience for yourself.”
Brad Punu | Strategic Partnerships, Energy Excelerator
As our portfolio takes shape…
32
30
# portfolio companies
# portfolio companies moving from Go-‐to-‐market to Demonstration
# portfolio companies folded
20
19
3
1
Our impact
As a part of a non-‐profit, we measure success
in 2 ways:
1.
2.
Helping our companies succeed; and
Helping transform a place, Hawaii,
through innovation; we call this place-‐
based innovation.
3
3
10
…we invest and our companies grow in revenue…
$10 M
30
$ awarded by EEx to portfolio companies
$ revenue generated by portfolio companies
# portfolio companies generating revenue
20
$5 M
10
…and follow-‐on funding
$ investor capital
$ other accelerator/incubators
$ project finance
$900 K
$207 M
$152 M
$100 M
$140 K
$92 M
$52 M
2013
2014
Q1 2015
15
Energy Excelerator Interactive
June
2014
at Google Partner Plex
Mountain View, CA
14
50+
Helping our companies succeed
Our impact
To help our companies succeed, we
facilitate the development of meaningful
relationships with customers and
investors.
June
2015
at Google[x]
Mountain View, CA
EEx companies
Investors,
corporates &
other strategic
partners in
attendance
$40M
Raised post EEx
Interactive
32
EEx companies
100+
Investors,
corporates &
other strategic
partners in
attendance
Check back
with us in 2016
16
Helping our companies succeed
Our impact
Energy innovation is top of mind and
our companies are a part of this story
of transformation.
17
Helping our companies succeed
Transformative demonstration project
Our impact
Energy Excelerator and Stem will deploy 1 MW of energy storage across
25 buildings, providing Hawaiian Electric with a distributed energy
storage asset and allowing participating companies to save money
on their electricity bills. It supports the transformation of Hawaii’s
electricity grid from one dependent on fossil fuels to one that
incorporates large amounts of solar and wind.
Stem is a technology company that uses
predictive analytics and advanced energy
storage to help businesses reduce electricity
costs, while also providing services to the grid.
2015
2014
Raised $100M
project finance
fund
2013
Accepted into the
Energy Excelerator
Demonstration Track
Closed $15M Series B
Founding team
member, Tad
Glauthier, moves
and opens Stem
Hawaii office
Deploys over 100
systems in CA and
wins contract to
supply 85 MW of
energy storage to
SoCal Edison
Raised $45M in
Series C
18
Investor & customer
feedback during EEx Go-‐
to-‐market Track led to
pivot from a residential
market to cybersecurity
differentiation for
enterprises & military
markets
Helping our companies succeed
Our impact
Raised over $1M in
follow-‐on funding;
post revenue
Ibis is an energy services & data analytics company
focused on plug-‐load energy management and
savings for large commercial organizations.
2014
2013
Spun out of Oceanit
(﴾private R&D lab)﴿
Completed EEx Go-‐to-‐
market Track (﴾June)﴿; EEx
becomes first money in
Accepted into EEx
Demonstration Track (﴾Sept.)﴿
Grew from 4 to 10 team members;
including COO, software engineer, new
junior salesperson in Hawaii, and Stanford
summer intern
First major
production run for
v2.0 InteliSockets
and InteliGateways
2015
Transformative
demonstration project
Energy Excelerator and Ibis Networks
are partnering with the University of
Hawaii and Hawaii Energy to deploy
1,300 InteliSockets across 3 university
campuses. These sockets will monitor
and control the energy usage of over
1,500 devices. Ibis Networks is also
utilizing Energy Excelerator funding
and relationships to install InteliSockets
and energy management systems at
hotels, military housing, and schools.
19
Helping our companies succeed
Our impact
Shifted brings solution
to small businesses
using EEx funding
Accepted into EEx
Demonstration Track
Shifted Energy develops the software
layer for grid-‐interactive water heaters,
essentially utilizing water heaters as
batteries for demand response.
2015
Transformative demonstration project
2014
Accepted into the Energy
Excelerator Go-‐to-‐market Track
EEx helps Shifted navigate
relationship with utility & large
housing developers
Energy Excelerator supported Shifted Energy’s 1st deployment with a
housing developer in a 499-‐unit new development on Oahu to inform
a large-‐scale rollout. This project will result in technology validation and
data that will enable a larger-‐scale rollouts with the utility and housing
developers. EEx also helped navigate the partnership with the utility and
policymakers to make this project a success, as the first demand response project of its kind in Hawaii.
20
Helping our companies succeed
Team member,
William Kusch,
moved to Hawaii
& hired second
Hawaii-‐based
team member
Our impact
Raised $1.4M in angel and grant
funding
TerViva develops and commercializes
new crops that grow sustainably on
underproductive agriculture land -‐ and
yield both biofuel and animal feed.
Raised $2.2M in
follow-‐on financing
from strategic
investors including
the Yield Lab
2015
2014
2013
Accepted into the
Energy Excelerator
Demonstration Track
Signed contracts to
plant 400+ acres of
pongamia in Florida
& Hawaii
Partnered with
Applied Research
Associates to make
military spec jet fuel
Transformative demonstration project
Energy Excelerator and TerViva are
planting a 175-‐acre, commercial scale
pongamia orchard on Oahu’s north shore.
They are partnering with Kamehameha
Schools, Pacific Biodiesel, and Hawaii
cattle ranchers to grow pongamia and
produce biofuel and animal feed for
Hawaii's agricultural industry.
21
“Energy Excelerator was like a rocket for Autowatts.
Despite having a strong Hawaii network, they quickly
matched us with new folks (outside of our existing
gene pool so to speak) that could help us. They also
added credibility and capital.”
Helping our companies succeed
Our impact
Alex Tiller | CEO, Autowatts
Their initial business was directed at selling PV to
prospective EV buyers at the auto dealership.
Through customer discovery, Autowatts realized
that professional service providers (ie accountants,
tax advisors) could use Autowatts’ platform
technology to sell PV to existing clients, and share
earnings with Autowatts.
2015
2014
Raised $250K
from investors
2013
Accepted into the
Energy Excelerator
Go-‐to-‐market Track
Intensive customer discovery
The Energy Excelerator team and its mentors helped to develop the
technical specifications for the system. Their customer discovery work
along with a series of focused calls and interviews became the
foundation for their functional requirements.
The Energy Excelerator team mentored him through the fundraising
process: 1)﴿ guided the CEO through the legal framework of convertible
notes, 2)﴿ helped establish a valuation metric, 3)﴿ helped create their
pitch deck, and 4)﴿ introduced him to over 30 viable investors.
22
When you transform Hawaii and help companies succeed, you
Green Mountain Power &
ConnectDER are partnering
on solar integration
Transform other markets
Learn more about all of our portfolio companies at
energyexcelerator.com/our-‐portfolio.
FreeWire is helping LinkedIn
increase EV adoption
Where are EEx companies active?
1-‐2
3-‐31
All 32
Bidgely providing
energy disaggregation
to 1.5M Texas homes
23
At Energy Excelerator, we take a systems
approach to identifying and solving
challenges.
Our impact
As a part of a non-‐profit, we measure success in
2 ways:
1.
2.
Helping our companies succeed; and
Helping transform a place, Hawaii, through
innovation; we call this place-‐based
innovation.
24
We find and fund
innovative companies to
address these challenges
in high-‐impact ways -‐
and then work to scale
solutions beyond
Hawaii’s shores.
(Energy Excelerator
portfolio companies are
located around the
perimeter)
25
Our impact
As a part of a non-‐profit, we measure success in 2 ways:
1.
2.
Helping our companies succeed; and
Helping transform a place, Hawaii, through innovation;
we call this place-‐based innovation.
How can we enable the
grid to integrate more
renewable energy?
How can we reduce
our electricity bill?
2
MWh
3,250
homes
buildings
How can we make
informed decisions?
for commercial businesses
and utilities
Energy efficiency
175
acres
through smart devices,
increased monitoring and
control of energy use
through smart devices,
software for HVAC, or new
cooling and lighting
technologies
New data points
millions
2X
5
choices
Energy storage
Energy efficiency
19
How do we reduce fossil
fuel use in vehicles?
for decision making from
analytics -‐ and assisting with renewable integration
and investment
How do we reduce
energy costs to
transform an industry?
How do we diversify
career paths for our
youth?
900
cattle
301
Increase in EVs
charged per day
by bringing chargers to
the cars
Aggregated by
transportation apps
increasing user adoption of
public and social transportation
to accommodate a growing
population
Biofuel crop
producing an alternative
fuel and additional revenue
streams for farmers
Raised locally
and sustainably
Green jobs
in innovation, contributing
to Hawaii’s economy
26
25
Active in Hawaii
9
Headquartered in Hawaii
Our impact
As a part of a non-‐profit, we
measure success in 2 ways:
1.
2.
Helping our companies
succeed; and
Helping transform a
place, Hawaii, through
innovation; we call this
place-‐based innovation.
14
Demonstration
projects in
Hawaii
2
Mainland-‐based
companies with
a founder from
Hawaii
6
Mainland-‐based companies with
a Hawaii-‐based team member
27
How did we get here?
“Being an entrepreneur is all about flexibility.”
Mike Kearney, first official employee at Ambri
How did we get here
We filled gaps in our team to strengthen our program
If Energy Excelerator were a university, here’s what it would look like.
Admissions
Principals & Professors
Principal
Principal Emeritus
Dawn Lippert
Director
Maurice Kaya, P.E.
Senior Advisor
+
+
+
+
Chair of Hawaii Clean Energy
Initiative’s (﴾HCEI)﴿ Advisory Board
Formerly Booz Allen in DC
Worked on energy & sustainability
in Asia & South America
Yale B.A. and Masters
Law Professor
Melissa Uhl, J.D.
Policy & Partnerships
+
+
Former attorney at Alston
Hunt Floyd & Ing
UH law school grad
Former Director of Hawaii
State Energy Office, leading
HCEI partnership on Hawaii
side with DOE
School Board President
Dennis Teranishi
PICHTR CEO
EEx’s parent non-‐profit
Lori Makiya
Operations & Events
+
+
Art Teacher
Lauren Tonokawa
Communications
+
+
UH grad
Started as EEx intern
Marketing background
Another UH grad (﴾go
Bows!)﴿
Debbie Ababa
Operations Assistant
+
UH student
Jonas Vibell, Ph.D.
Pipeline &
Recruitment
Manages everything leading
up to applicants becoming
portfolio companies
+ Ph.D. in neuroscience
+ Senior Scientist at ideas
incubator, Archinoetics
College
Jill Sims
Demonstration Track
Manages Demonstration
Track program & companies
+ Systems engineer
+ Formerly DOE & UTC
Power
Dana Cotter
+
+
UH grad
Started as EEx intern
High School
Warren Doi
Go-‐to-‐market Track
Manages Go-‐to-‐market
Track program & companies
+ 3-‐time entrepreneur
+ Mgmt. Consultant at Ernst
& Young
Career Counselors
Brad Punu
Strategic Partnerships
Helps raise private capital for
our program & our companies
+ Investment banker at JP
Morgan
+ Princeton ChemE & Duke
MBA
Heather Richman
+
+
+
Based in Silicon Valley
Formerly at Stanford
Office of U.S. Sen. Schumer
29
“What has changed is that we’ve
moved from the aspirational to the
physical…that’s what this space is
all about; it’s real now.”
U.S. Senator Brian Schatz talking about
Hawaii as a test bed for energy innovation
How did we get here
Energy
Excelerator
Housewarming
We brought our local
ecosystem together
We hosted 12 events and gatherings in
Hawaii to bring our energy innovation
ecosystem together.
Other events:
EEx Roundtable Breakfasts
EEx Info Session & Wetware
Wednesday
with Hawaii Technology
Development Corporation
(﴾HTDC)﴿
Reboot the Commute
(﴾transportation hackathon)﴿
Startup
Paradise
Demo Day
EEx investor panel
Demonstration & Go-‐to-‐
market Kickoff Week
pau hanas
Meet the Energy
Excelerator Companies at
Asia Pacific Clean Energy
Summit
Hawaiian Electric demand
response meeting
30
VERGE
Cleantech Forum SF
DOE Sunshot
Caltech’s First Look West
(﴾FLoW)﴿ Regional Finals
Aspen Institute
NREL Industry
Growth Forum
ARPA-‐E
White House Clean
Energy Investment
Summit
SXSW Eco
How did we get here
1st
Renewable
Energy
Workshop
in Okinawa
We hit the road
Startup Paradise Demo Day
Startup Weekend HNL
Hawaii Venture Capital Association
U.S. Japan Council
Asia Pacific Clean Energy Summit
We were invited to speak at
24 events across the U.S
and Asia Pacific.
10+ events
3-‐9 events
1-‐2 events
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Cleantech Incubator Program Energy Excelerator
Selects 2015 Class
“Last year, Energy Excelerator received an investment of $30 million from the Navy’s
Office of Naval Research…The investment was a significant boon for the program
because cleantech funding has dropped because of its large capital requirements and
relatively slow returns.”
Energy Excelerator Provides Boost for Clean Energy
How did we get here
We got people talking
Full press listing can be found at
energyexcelerator.com/news-‐desk
“‘…Dawn Lippert says the Excelerator helps incubate businesses by going beyond
financing…It takes a lot of moving parts to help an energy startup succeed,’ she says.”
[Rest in Paradise]
Calling all energy grid startups for this Hawaiian
accelerator’s next program
“…perhaps the biggest upside of the program is if a company wants to do a pilot or
commercial project in Hawaii. Lippert says that with their long list of local mentors and
their business network, they can help connect startups with Hawaiian utilities, land-‐
owners, and power companies to speed up the process of testing out new technologies…”
Energy Excelerator's New Space Brings New Energy
“With Lippert's team focused on transforming Hawaii's approach to energy, and Hawaii's
attractiveness to alternative energy companies, she knew that dozens if not hundreds of
the smartest energy innovators visited Hawaii every year. Why? In Hawaii, everyone feels
the pain of high energy costs…”
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How did we get here
We supported women, veterans, and the next generation of innovators
26%
16
8 Energy Excelerator
companies have active
duty or veteran military
team members
Fellows supported by
Office of Naval Research
funding
Mapping Hawaii’s STEM
Development Pipeline
Written by Energy Excelerator
through interviews with
Hawaii’s STEM programs
“I had many learnings and experiences during
my RISE/Energy Excelerator fellowship…Most
of all I gained a perspective on how and
where likeminded individuals in the energy
sector are gaining ground, creating innovative
projects, and working together, not against
each other, to create a brighter future.”
Jonathan Howery, RISE Fellow with Shifted Energy
2
Women-‐led companies
6
Companies with women
executives
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We’d love to hear from you!
For game-‐changing entrepreneurs:
Visit energyexcelerator.com/pre-‐application to stay up-‐to-‐date
on everything related to becoming a portfolio company.
For investors:
Get in contact with Brad at energyexcelerator.com/invest.
For all others passionate about solving our biggest problems
through innovation:
Join the conversation on Twitter and LinkedIn & get the latest
from us by signing up for our email list at energyexcelerator.com.
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“Energy Excelerator in 99 seconds” on Youtube
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@energy_excel
Energy Excelerator
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Energy Excelerator