ready to grow

Exclusive: Rice University's new clean energy accelerator announces inaugural cohort

A new clean energy accelerator has announced its first cohort. Photo via Getty Images

Rice University selected 12 early-stage clean energy startups to help accelerate over the summer — and the new program kicks off later this month.

The Rice Alliance Clean Energy Accelerator, which was announced last September, is a 12-week program will prepare startups to grow their business, connect them with strategic partners and mentors, launch pilots, and fundraise. The inaugural application process attracted companies from 14 states and eight countries.

"We were impressed with the quality, potential and range of clean energy solutions being commercialized by our applicant pool and took great care in assessing their potential as well as our ability to meet their identified needs," says Kerri Smith, the accelerator's interim executive director. "The selection process was very competitive. We had a difficult time paring down the applications but are looking forward to working with our first class of 12."

A screening committee comprised of over 30 entrepreneurs, energy experts, and industry executives selected the 12 companies by evaluating them on their innovation, market strategy, viability, and more.

"With a decade of experience leading the OwlSpark Accelerator, we know that in addition to recruiting startups with technological promise, it's critical we also create a cohesive and collaborative culture," says Smith, who led OwlSpark since 2013. "We ensured we could provide the founders with a quality experience and deliver on individual startup needs."

The program, which will eventually be housed in The Ion, kicks off virtually on June 28 and will end with a demo day in conjunction with the 19th Annual Rice Alliance Energy Tech Venture Forum on Thursday, September 16.

The inaugural cohort of the program includes:

  • Toronto-based 3E Nano, a nanotechnology company that has developed an earth-friendly, high performance solar energy control coating for polymeric substrates.
  • Carbon BioEnergy, which has a mission is to transform carbon dioxide, waste biomass, and renewable electricity into zero-carbon biofuels and chemicals. The company is focused on replacing fuels in the hard-to-decarbonize sectors, like aviation and marine transport.
  • CoFlow Jet Wind Turbines is developing transformative ultra-high efficiency, low energy cost wind turbines to expand wind energy usage and reduce greenhouse gas emission.
  • Houston-based Criterion Energy Partners, an independent exploration and production company, is focused on developing decentralized direct geothermal energy projects to help commercial and industrial consumers by providing clean, reliable, baseload energy using heat from the Earth.
  • Ground State Technologies is developing an edge optimization processor chip to enable energy companies to deploy more intelligent systems. The company is based in Mountain View, California.
  • Hydrodine Catalytics, a Canadian company, has developed a zero emissions cleantech that eliminates the need for fuel gas, enables gas producers to capture Offset Carbon Credits, lowers CAP/OPEX, provides power at remote natural gas well sites, and improves operator safety.
  • Kanin Energy, a turnkey developer and innovative investor of waste heat to power projects, is helping heavy industry monetize waste heat and decarbonize operations. The company is based in Alberta, Canada.
  • Illinois-based NASADYA is building power systems that would take excess energy form the power plants and convert that into profitable co-products, green hydrogen, and oxygen.
  • Power HV, a Canadian company, has built monitoring sensors and bushings to help oil processing plants like refineries and transportation improve safety from methane and fire while reducing electricity grid losses and improving transformer energy efficiency by 30 percent.
  • Californian company Renewell Energy converts idle oil and gas wells into the lowest cost, most flexible, highest GHG abating energy storage devices in the world.
  • SeebeckCell Technologies, based in Arlington, Texas, is helping petroleum and gas industries and emerging markets solve energy waste with an innovative liquid based thermoelectric generator.
  • Mote is developing carbon-negative biomass gasification factories to supply customers with hydrogen.

Trending News

Building Houston

 
 

Houston-based HighRadius has launched a new platform. Photo via Getty Images

Houston-based HighRadius — which recently hit $1 billion valuation, reaching unicorn status — has launched a new learning platform.

Highako Academy by HighRadius, launched the platform to help credit and collections teams build certain skills faster. Highako features over 650 expert-led videos, community forums, and resources. The new on-the-job training platform, which announced its launch this week, is used by more than 2,800 companies, according to a press release.

"Our customers have asked us for an online self-service learning platform, and that led us to launch highako.com as a beta platform last year," says HighRadius COO Urvish Vashi in the release. "With 10,000+ users on the platform and a vibrant partner ecosystem consisting of credit groups, collection agencies, attorneys and industry associations, we see this echoing a larger trend of millennials and Gen Z gravitating towards microlearning platforms."

In honor of the launch of Highako Academy, the organization has announced plans for Credit SkillCon '21, a lunch-and-learn event from June 16 to July 20. The 53 live workshops, panel discussions, and on-demand sessions will focus on topics including negotiations, credit risk assessment, bankruptcy litigation, collections strategy and more. .

"We continually hear from members about wanting more and different educational options," says Jon Flora, president and CEO of NACM Business Credit Service. "The last year has changed much about how we answer this call, and now we have a solution. We are the first NACM affiliate to partner with Highako Academy."

HighRadius and its AI-powered SaaS technology, which streamlines accounts-receivable and cash-management processes, are growing fast. The company, which processes over $2.23 trillion in receivables transactions annually, per the release, raised $300 million in March. At the time of that raise, HighRadius, founded in 2006, employed more than 1,000 people around the world — and was hiring.

"Our goal has always been to build a long-lasting business that outlasts all of us," Sashi Narahari, founder and CEO of HighRadius, said in the news release. "I look forward to working with [our] high-quality, long-term investors, who share a common vision of transforming the office of the CFO using a combination of artificial intelligence built on top of connected-finance workspaces and embedded analytics."

Trending News