CLASS 1 SUMMER 2021
Access to Investors
Meet the 13 startups accelerating the energy transition
CAPITALIZING IDEAS. ACCELERATING ENERGY.
The Rice Alliance Clean Energy Accelerator was launched to increase the likelihood of success for early-stage startups advancing solutions for a cleaner, more efficient and sustainable future. Through a robust curriculum, custom mentor relationships and targeted corporate and investor introductions, the 12-week program will prepare startups to quickly accelerate their business, launch pilots and fundraise.
The first application season for the accelerator drew interest from a wide array of startups, both early-stage and later-stage—a testament to the growing focus on Houston’s role in the energy transition. Startups applied from 14 states and a total of eight countries. Impressive applicants brought forward a range of clean energy solutions to be commercialized, some already generating revenue, making the selection process very competitive.
Join us in congratulating the 13 startups selected to participate in Class 1 of the Rice Alliance Clean Energy Accelerator.
THE RICE ALLIANCE CLEAN ENERGY ACCELERATOR CLASS 1
3E Nano is a Toronto-based nanotechnology company that has developed an earth-friendly, high performance solar energy control coating for polymeric substrates.
With proprietary algorithms and emissions modelling, arolytics has developed a SaaS platform that optimizes how the oil and gas sector tracks, manages, and discloses greenhouse gas emissions for compliance and ESG purposes, saving companies up to 40% on their associated fugitive measurement costs.
CoFlow Jet Wind Turbines is developing transformative ultra-high efficiency (capacity factor) low energy cost wind turbines to expand wind energy usage and reduce greenhouse gas emissions.
Criterion Energy Partners is an independent exploration and production company 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.
Hydrodine Catalytics 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 is a turnkey developer and innovative investor of waste heat to power projects—helping heavy industry monetize waste heat and decarbonize operations.
Mote is developing carbon-negative biomass gasification factories to supply customers with hydrogen.
NASADYA solves the growing problem of variability management in the energy grid for power plants by converting a money losing by-product, excess energy, into money making co-products, green hydrogen and oxygen.
Power HV's monitoring sensors and bushings help oil processing plants like refineries and transportation improve safety from methane and fire while reducing T&D losses on the electricity grid by 1% by improving transformer energy efficiency by 30%.
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 helps petroleum and gas industries and emerging markets such as crypto mining, data centers & BEVs solve energy wastage by integrating SCT's modules into thermal management systems, and enables 4x higher (power per weight) ratio, greener production, and scalable solution to address climate change.
Vellex Computing Formerly Groundstate) provides a software intelligence platform for advanced analytics and computation that enables more resilient, secure and sustainable grids.
CLASS 1 MID-SUMMER UPDATE
With an eye towards expediting growth, reducing risk and accelerating market adoption, we’re helping founders better position themselves and their startups for success. Founders have successfully completed six weeks at the Rice Alliance Clean Energy Accelerator.Building their networks: Our network has helped founders make connections, refine business models, shore up deficiencies and more. We estimate more than 100 mentor engagements have been initiated in the first six weeks.
Learning through curriculum: Speakers have covered best practices around leadership, culture, team dynamics, product development, corporate governance, legal compliance, marketing, branding and communications and product pricing and sales—totaling nearly 30 sessions.
Cross cohort support: Meeting weekly in their "pods"—small groups of 3-4 startups ranging in stage and tech—Class 1 is proving the value of cross-cohort learning. Meaningful connections and new friends have been made that will provide ongoing social and professional support.As for the next six weeks, we’ll continue guiding founders towards successful entry into their markets.
More info on Class 1 is in our latest newsletter.
MEET THE STARTUPS AT VIRTUAL DEMO DAY
Class 1 of the Rice Alliance Clean Energy was delivered virtually, kicking off June 28th and concluded with a virtual* Demo Day on Thursday, September 16th.
The demo day was an opportunity to learn more about these solutions, how you can engage with the startups and for deal flow for the investor community.
The Accelerator is also part of The Ion's Accelerator Hub, along with The Ion Smart City Accelerator and DivInc's accelerator, which will provide startups a wider network, support system and extended reach. Rice Alliance has relationships with every major energy corporation in Houston and strong collaborations with energy investors.
*Demo Day was originally scheduled to coincide with the in-person 19th Annual Energy Tech Venture Forum. Due to the rapid rise in Covid-19 cases, the forum has been postponed to January 27, 2022. The event brings together more than 700 members of the energy industry including investors, corporations and the broader energy community. All CEA startups are invited back to pitch and participate in Office Hours in January.
THE SELECTION PROCESS
All of our startups include at least two active founders or co-founders.
While we are looking for early-stage companies, startups should already be officially registered or legally incorporated as a business. Companies with a working prototype, MVP or have conducted initial market validation were prioritized. The Rice Alliance Clean Energy Accelerator is best suited for startups looking to grow quickly within 12-18 months after completing the accelerator and are looking to raise significant capital.
Startups were selected based on our expertise and ability to support their needs and the following criteria:
- Innovation: concept quality, creativity, feasibility, uniqueness
- Market: landscape, customer discovery, competition
- Strategy: business model, value propositions, economics
- Viability: scalability, funding ability, sustainability
- Capability: founder skill sets, coachability, adaptability
- Collective Experience: is the founding team well-rounded?
The Rice Alliance Clean Energy Accelerator is for early-stage startups that contribute to significant energy efficiency improvements, are developing energy derived from renewable, zero-emissions sources or are curbing the environmental impact of all types of energy production, distribution or usage, or enabling progress toward net zero carbon.
Sign up to stay connected with Class 1 startups.
The Rice Alliance at the Jones Graduate School of Business at Rice University has a 20 year history of supporting startups, tech and the innovation ecosystem. With a vibrant community, including more than 52,000 entrepreneurs, investors, and members of the entrepreneurial ecosystem participating in programs hosted by the Rice Alliance, the accelerator is a commitment to expand our support of energy innovators while aligning our efforts with Houston's energy transition initiatives. Since inception, more than 961 energy tech ventures have participated in our energy forums and raised more than $6.6 billion in funding.