After three months of intense focus, camaraderie and, both virtual and in-person learning, we are excited to announce Halitra as the Energy 2022 winner. The company, which works with financial institutions, utilities, government and building owners to uncover energy saving financing opportunities that can be profitably serviced by stakeholders, won a $25,000 cash prize and a joint pilot project awarded by Burlington Electric Department (BED) and Vermont Gas Systems (VGS). BED also awarded a pilot project to MicroEra Power, which is developing THERMAplus, an on-site thermal energy storage solution to provide commercial buildings with resilient, low-cost, low-carbon heating and cooling. Additional Vermont companies and utilities are in talks with cohort companies to implement further pilot projects.
To be part of a competitively-selected, diverse cohort of startup ventures that reduce greenhouse gas emissions by enabling the acceleration of electrification. The program will focus on energy-related products or services that reduce the need for costly infrastructure or electrical panel upgrades. Selection will focus on companies that are currently at a pilot or demonstration stage and planning for scale.
The sixth DeltaClimeVT Energy2022 business accelerator program is designed to accelerate the drive to a zero-carbon future for Vermont by helping Vermont’s utilities increase adoption of clean energy, smart building and electric vehicle technologies that enable accelerated integration of distributed energy resources without the need for costly infrastructure upgrades. Entrepreneurs will be working directly with Vermont utilities to contribute to Vermont’s 90/50 and Burlington’s Net Zero by 2030 goals.
We were particularly interested in services and technologies that have wide potential applicability with rural populations and that enable small businesses, low and moderate-income Vermonters, disadvantaged populations and multi-family building residents to participate in the low-carbon economy.
Examples of technologies or services could include but are not limited to:
- Products or services that enable installation and adoption of low carbon, energy efficient or demand management technologies without the need for electric panel upgrades;
- Data gathering and energy analytics software that enables greater adoption of energy efficient technologies and services;
- Smart building technologies such as smart electric panel devices, building controls, smart thermostats, EV charging supply equipment and other devices that could align with utility demand response signals and reduce the need for infrastructure upgrades;
- Localized or micro energy management and storage technologies and related services that enable increased electrification while reducing the need for grid infrastructure upgrades;
- Financing models for energy technologies and services (e.g. innovative loans, on-bill financing, heating as a service);
- Low-carbon transportation solutions that meet rural and LMI population needs to include EVs, micro-mobility, bio-fuels and hydrogen;
- Any other technology or service that enables the reduction of carbon intensive energy use and greenhouse gas emissions in transportation, industrial processes and buildings or supports demand management.
About the Program
The DeltaClimeVT business accelerator program is managed by the Vermont Sustainable Jobs Fund and facilitated by ecosVC. The program is centered around the ecosVC Lens of the Market® ACCELERATED curriculum, designed to ensure participating startups produce a well grounded case for their business and are able to articulate a compelling plan for success to investors.
The program features an extensive online curriculum plus one-on-ones facilitated by ecosVC principals, active engagement with sponsoring Vermont utilities, business mentors, investors and successful venture leaders. Startups must have at least two senior members of their team actively participate in all aspects of the program. The program includes three intensive sprints (each 2-4 days in duration), weekly assignments and bi-weekly webinars as well as frequent 1:1 engagement with program leaders and mentors. Active engagement and peer-mentoring by participants is an essential part of the program and a final prize of $25,000 will be awarded to a peer-selected company. The DeltaClimeVT program managers work to ensure that startups in the cohort are non-competitive.
AirStat is an AI platform that collects data from sensors and people’s comfort profiles. Our gateway sends the data to our cloud that allows thru algorithms to control HVAC systems, reducing human errors, optimizing energy consumption and generates Energy Savings and Lower CO2 Emissions, as well as enhancing people’s efficiency and wellness, and reducing tenant complaints. Massachusetts
The SmartWatt Boiler system is designed to transform the existing heating infrastructure into an energy platform that satisfies the heating requirements of buildings while generating onsite electricity at nearly zero-cost. This energy can be used to provide a continuous backup power supply and is able to support the grid-operator by following power-loads in buildings and at the grid levels. Through cogeneration, this combined heating and power system works to power your home or business while providing heat. Connecticut
GenH is a next-generation hydropower technology company that electrifies unpowered dams. GenH pushes the potential of advanced energy systems. GenH’s technologies are highly productive and achieve economic parity with existing fossil fuel systems without subsidies. Boston, Massachusetts
Commercial buildings waste an average of 30% of the energy they consume. Energy efficiency is the easiest way to eliminate this waste without replacing any equipment. Unfortunately, too often energy efficiency financing fails to reach most commercial buildings because most buildings are small with diverse ownership that are not owned in institutional portfolios. Halitra works with financial institutions, utilities, government and building owners to uncover energy saving financing opportunities that can be profitably serviced by stakeholders. Vancouver and Calgary
In the face of the climate change crisis, MicroEra Power is developing THERMAplus, an on-site thermal energy storage solution to provide commercial buildings with resilient, low-cost, low-carbon Heating and Cooling. THERMAplus will integrate with existing HVAC systems or with heat pumps (air source or geothermal) to save Building owners up to 50% on heating and cooling costs! Thermal Energy Storage is essential for the transition to a renewable-intensive grid and provides Utilities a non-pipes and non-wires solution. Rochester, New York
Qilo personalizes electricity usage data making demand side management programs easier for utilities to deploy. Qilo generates personalized, actionable usage recommendations utilizing artificial intelligence for households to increase control over their bill at home. This reduces utility peak demand expenses, creating a more reliable, cost-effective grid. Chicago and Seattle
Coming out of DeltaClimeVT Energy2020, we feel confident in our investor pitch and have a clear value proposition for our target market. The team has deep expertise, great industry connections, and true passion for helping every company in the cohort succeed.
“We have participated in a few similar programs, but so far, DeltaClimeVT facilitators have shown a whole new level of sophistication! Thank you so much for all the work you are putting in this program. We are truly enjoying it.”
“We plan to use the $25,000 prize money to continue to develop our software product and serve clients in Vermont and greater New England. Onboard provides analytics software to uncover hidden energy, maintenance and comfort problems in commercial buildings. These problems are a significant reason commercial buildings emit more harmful emissions than transportation or industry. We’re thankful to Vermont, the program managers and sponsors of DeltaClimeVT, and the cohort of entrepreneurs that supported us this summer. We absolutely enjoyed our time in Burlington. We’ll be here frequently to serve clients and, if possible, establish a remote presence in this great city!”
DID YOU KNOW?
DeltaClimeVT offers cohort members more than 35 hours of time with mentors, investors and potential customers?