Energy Excelerator Expands to Include Water Tech and Cybersecurity

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Honolulu-based Energy Excelerator, the nation’s largest cleantech accelerator, just announced its newest cohort of companies, which include a newly expanded focus on water tech to solar to cybersecurity. In a statement, Energy Excelerator positioned it as part of the critical innovation ecosystem that is helping Hawaii reach its goal of 100% renewables by 2045 – the first state to set such an aggressive goal.

“2015 was a big year for energy innovation. The tech community, corporates, and governments agreed that innovation is ‘mission critical’ to reaching our global clean energy goals,” says Dawn Lippert, Director and Co-founder of Energy Excelerator. “It’s exciting to be in Hawaii, at the center of it all, where innovation and deployment meet.”

With the backing of the US Navy, Department of Energy, GE Ventures and more, Energy Excelerator now has 43 companies in its portfolio and is expanding its tech deployment network deeper into Asia. They recently announced a partnership with New Zealand’s largest utility, Vector.

Energy Excelerator is one of the most active investors in cleantech – it selects and funds 15 companies a year with up up to $1M per company. To date, Energy Excelerator has awarded about $15M to portfolio companies and those companies have gone on to raise over $223M in follow-on funding and launch 14 demonstration projects in Hawaii and the Asia Pacific.

Just as this cohort is being announced, applications for next year’s class are being prepared and will open on April 25.

New startups accepted to Energy Excelerator include:

Cybersecurity

  • Lastwall protects companies against cyber-crime through a cloud-based platform.

Energy Efficiency

  • Carbon Lighthouse’s software delivers whole‐building energy efficiency, ten times cheaper than traditional methods.
  • PlotWatt is a cloud-based energy disaggregation company that translates smart meter data into actionable insights for end customers.
  • Pono Home offers a comprehensive greening service that recommends and implements steps toward a more energy and water efficient home.

Finance

  • T-REX helps large financial institutions invest in renewables through a risk and return analysis software.

Generation

  • Autowatts allows homeowners to skip the solar sales pitch and go solar online in just minutes.
  • Edisun makes low-cost concentrated solar power with built-in storage, using rocks as a storage medium.
  • SheerWind develops low-cost, high-performing wind power generation systems that is proven to function safely in populated areas.

Grid + Energy IoT

  • Blue Pillar connects any behind-the-meter asset (on-site energy generation, storage, inverters, and other equipment) into a centralized energy management platform for single and multi-site facilities.
  • Geli provides software and business solutions to design, connect, and operate energy storage and microgrid systems.
  • UtilityAPI’s software gathers and cleans data so it’s easy for new energy companies to complete  customer proposals, finance their projects, and manage their customers after installation.

Transportation

  • WaySine connects passengers to real-time transit information with low-cost LED and LCD signs.

Water

  • GOmeter enables water usage monitoring and conservation without smart meter upgrades
  • WaterSmart Software empowers water utility managers with actionable insights from a sea of data to help increase customer satisfaction, reduce unaccounted for water loss, and improve operational efficiency.