Ten Australian startups have been chosen for EnergyLab’s 2022 Climate Solutions Accelerator, saving $750,000 between that time to focus on tackling climate change.
the six months EnergyLab Accelerator offers climate technology startups an initial pre-seed investment, as well as coaching, industry partnerships and help raising more capital for their global ambitions.
EnergyLab CEO Megan Fisher said: combined $750,000 in backing from a group of angel investors, was 50% higher than the 2021 fund.
“This cohort is the founder of leading innovation in climate technology, from revolutionizing air conditioning to developing more environmentally friendly batteries,” she said.
“The Climate Solutions Accelerator will ensure these startups have the support, expertise and connections they need to bring these incredible solutions globally”
The 2022 cohorts are:
Founded in 2021 by a small group of scientists at the Victoria University of Wellington and the University of Newcastle, Allegro Energy have invented a new, patented, water-based electrolyte system that makes many battery types not only much cheaper, but also more environmentally friendly and compatible with a circular economy.
Acacia money (Sydney) is a financial technology company that is reshaping financial services so that people and our planet can access a brighter future through simpler, smarter and more sustainable money management. Acacia’s platform and marketplace will connect consumers with financial options that are truly sustainable and financially rewarding.
based in Melbourne, Conry Techo reinvents air conditioning to improve comfort in the urban environment and decarbonise it. Known for creating disruptive innovation in the HVAC industry before (their invention of the Turbocor compressor is a prime example), the founders believe their new decentralized ‘BullAnt’ HVAC system will prove even more disruptive. to be. Their radical system improves efficiency by up to 70%, integrates more effectively with renewables, pushes buildings to zero, creates a healthier indoor environment and eliminates dependence on fossil fuels.
Headquartered in Loganholme, QLD, EcoJoule energy specializes in designing and manufacturing revolutionary, sustainable, technological solutions for the power grid. Their core products are community batteries and voltage regulators for the low voltage distribution network, enhancing the integration of distributed clean energy sources such as rooftop solar.
from Adelaide, Economical energy develops a scalable, cost-effective, sustainable energy storage solution for the integration of renewable energy. Their Vertically Integrated Potential Energy Reservoir (VIPER) uses gravity to store energy, much like pumped hydro, but with pellets instead of water.
As a first for the Climate Solutions Accelerator, the cohort features a startup that will help the world adapt to the impacts of climate change, a growing area in climate technology.
Farmbot provides remote monitoring solutions that take the guesswork out of measuring and analyzing water. Their hardware feeds data to a SaaS platform that provides users with near-real-time SMS and email alerts and reporting on water levels and trends. This data helps farmers make better business decisions that contribute to a more sustainable water supply.
Sydney-based NRN (National Renewable Network) is a connected network of solar and battery storage systems, enabling households and businesses to transition to renewable energy without upfront financing costs, while also saving on energy bills. By providing free solar and battery systems to the end user and taking responsibility for their integration into the power grid, NRN removes one of the biggest barriers to entry and takes the end user’s responsibility to maintain the system and maximize its value. NRN is a fund and asset manager offering its services to energy retailers who can offer energy plans with solar, battery and EV chargers without the capital expenditure for their customers.
raaiise is the platform powering climate startups seeking value-adjusted capital, empowering founders to take control of their raise through smart workflows and expert guides, reducing the time and resources typically required to complete a round. closing are drastically reduced.
founded in Melbourne, solstice AI applies state-of-the-art artificial intelligence techniques to satellite imagery to identify solar panels and accurately predict solar power generation in entire suburbs. Their technology makes it possible to integrate more solar energy into the grid at a lower cost, enabling greater uptake of renewable energy.
founded in Adelaide, ValAic is a startup building the tools the industry needs today so they can meet society’s sustainable financing demands tomorrow. Their product, Greenhouse, identifies a home’s sustainability and energy efficiency rating and provides tailored advice to help homeowners reduce their carbon footprint. This, in turn, helps financial institutions report on the issuance of assets they fund and unlocks tailored insurance premiums, home and personal loans for transitional homes, increasing energy efficiency and future-proofing homes.
