After three months of intense focus, camaraderie and, both virtual and in-person learning, we are excited to announce ProsumerGrid as the Energy 2023 winner. The company, which has developed a software solution that allows electric utilities and prosumers to forecast, simulate the electric grid impacts and optimally plan distributed energy resources (DERs), won a $25,000 cash prize and a pilot project awarded by Burlington Electric Department (BED). BED also awarded pilot projects to Vermillion Power Technologies and Plug Zen, LLC. Additional Vermont companies and utilities are in talks with cohort companies to implement further pilot projects.
During the seventh DeltaClimeVT energy and climate business accelerator program the start-up entrepreneurs focused on reducing greenhouse gas emissions and working with Vermont utilities to help achieve the goals in Vermont’s Climate Action Plan. The selected cohort companies focus on the decarbonization of buildings, transportation, heating and industrial processes through electrification or other renewables.
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 1-1’s 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 two online and two in-person intensive sessions (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 was provided to a peer-selected company. The DeltaClimeVT program managers work to ensure that startups in the cohort are non-competitive.
This is the best accelerator that we have participated in. Specifically, this program has a unique curriculum that’s designed to create a collaborative competition and allow us to sit across the table from electric utilities, planning directors and CFOs.
This accelerator helped me clearly identify my customer and understand how to get to them by actually bringing a customer to me so we could talk. After that session, they were emailing with me to help me understand them even better. That really helped me through this program and that’s what brought me into the pitch where I felt like I already knew what they wanted and what they needed. It’s like they gave me a cheat sheet by giving me everything I needed. I really appreciated that.
Dai Technologies Corporation (DaiTechCorp) provides concierge-like EV adoption solutions for places where people live: Single family, condo/townhouse and multifamily communities. DaiTechCorp was founded by CEO Sheryl E. Ponds in 2018 and is the Nation’s first Black and Woman owned general contracting firm to specialize in full-service installations of EV charging stations. Washington, D.C.
GismoPower® has revolutionized sustainable energy with the MEGA® (Mobile Electricity Generating Appliance), a patented, affordable, portable carport equipped with removable wheels that integrates a bifacial PV system and a powerful Class 2 EV-Charger. Instead of consuming electricity, this major household appliance generates and feeds solar electricity to EVs, nearby buildings, and the electric grid using a common 240V electrical outlet. Florida and California
Linebird is an equipment manufacturer of drone payloads and tools for hands-on work on live power lines. This novel approach to electric infrastructure inspection and maintenance is up to 16x more cost-efficient than traditional manned methods for line work in heavy equipment, and drastically reduces hazardous exposure for utility workers. Linebird currently offers the Osprey NPS (Nonconductive Payload System), allows access and physical contact with high voltage infrastructure, and the Aerial Ohmmeter, an adapted lineman’s tool for microOhm resistance inspection of power line compression connectors. Virginia
Optimal Technology is a Black-owned, venture-backed, energy firm that intelligently lowers the cost of electricity by up to 50% for small to medium sized building owners. Optimal’s technology suite provides customers with trusted insights at low-cost while lowering green house gases. Optimal’s management team has deployed over 6,000 energy solutions, and seeks to use their expertise to help their clients save energy, money, and the planet. Georgia
Plug Zen LLC is an electric vehicle charging company developing, manufacturing, and implementing EV charging solutions that allow multi-vehicle charging–up to 10 vehicles simultaneously through cable or inductive charging for multi-unit housing and businesses. Detroit
ProsumerGrid has developed a software solution that allows electric utilities and prosumers to forecast, simulate the electric grid impacts and optimally plan distributed energy resources (DERs). The solution combines techno-economic models of distributed energy resources with high fidelity electric grid models, load data, advanced machine learning and optimization algorithms to provide an order of magnitude faster forecasting, impact analysis and solutions identification which allows utilities to perform better long-term investment, regulatory compliance and meet decarbonization and electrification goals. Georgia
Ren-N is a Vermont-based startup that sees the lack of access to capital as a significant barrier to entry for communities seeking to accelerate the development of renewable energy generation. Ren-N offers investors the opportunity to invest in clean energy projects of their choice, and the ability to have a direct impact that aligns with their values while receiving reliable financial returns. Communities benefit from this additional access to capital for renewable energy projects that enables them to transition towards a more sustainable economy. Vermont
DID YOU KNOW?
DeltaClimeVT offers cohort members more than 35 hours of time with mentors, investors and potential customers?