Five startups selected to participate in Shell Gamechanger Accelerator ™ powered by NREL

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The fifth cohort of the program will receive world-class research support and non-dilutive funding to deploy clean technologies that decarbonize industrial processes and optimize electric vehicle charging

DENVER & HOUSTON, December 01, 2021– (COMMERCIAL THREAD)–The Shell GameChanger Accelerator â„¢ powered by NREL (GCxN), a multi-million dollar program developed in collaboration between Shell GameChanger and the US Department of Energy’s National Renewable Energy Laboratory (NREL), has selected five startups to participate in the program’s fifth cohort. GCxN provides promising cleantech startups with resources to speed products to market while reducing investment risks.

The selected startups focus on decarbonizing industrial processes through innovative energy storage and heating technologies, as well as on optimizing the charging of electric vehicles through hardware and software solutions. The fifth GCxN cohort includes:

  • Alumina energy (Santa Monica, California) – Development of modular energy storage systems that can be integrated with thermal generation systems to improve operational flexibility, increase capacity and reduce fuel consumption and greenhouse gas emissions .

  • BattGenie (Seattle, WA) – Providing advanced battery management software solutions that enable safer, longer-lasting and faster charging of lithium-ion batteries for electric vehicles.

  • Electrified thermal solutions (Medford, MA) – Development of energy storage technology based on a novel joule heating system that converts carbon-free electricity into heat, which can be used to replace fossil fuels in industrial processes.

  • Induction food systems (Durham, NC) – Creating the first scalable, accurate and efficient in-line heating solution for food and beverage manufacturers, eliminating the complexities, costs and greenhouse gas emissions of conventional heating steamed.

  • Resonance link (Shelburne, VT) – Manufacture of high performance wireless chargers for electric vehicle fleets to use while in operation, delivering both higher power and lower costs.

“The potential impact of decarbonizing industrial processes like cement and steel is enormous, but the heat levels required make it noticeably difficult,” said Johanna Jamison, GCxN program manager at NREL. “NREL and Shell are working with the newly selected GCxN companies to bring technology solutions to market and solve this problem. “

“Electric vehicles are essential for decarbonizing the transportation sector, but charging requirements remain a major barrier to large-scale adoption by customers, and the associated increase in demand for electricity poses risks to the grid. electric, ”said Yesim Jonsson, Shell’s GCxN program manager. “The companies in the fifth cohort of GCxN are developing technologies that will improve the efficiency and safety of electric vehicle charging, which can ensure continuous electrification of vehicles to meet climate goals.”

GCxN startups are referred by the program’s network partners – more than 60 cross-industry cleantech incubators, accelerators and universities – before undergoing an in-depth review by Shell and NREL. Participating companies benefit from NREL’s cutting-edge research capabilities, receive up to $ 250,000 in non-dilutive funding and have access to networking opportunities through the NREL Center for Innovation and Entrepreneurship.

Participating startups have raised more than $ 70 million in funding to date, representing a leverage ratio of $ 20 for every dollar of GCxN funding. The portfolio companies have also hired 51 new employees since the integration of the GCxN program. For more information visit GCxNREL.com.

About GCxN
The Shell GameChanger Accelerator â„¢ powered by NREL (GCxN) is a multi-year, multi-million dollar program developed in collaboration between Shell GameChanger and the US Department of Energy’s National Renewable Energy Laboratory (NREL) to discover and advance clean technologies emerging with the potential to radically change the future global energy landscape. GCxN identifies promising startups across an ecosystem of over 60 cleantech business incubators, accelerators and universities, providing access to up to $ 250,000 in non-dilutive funding in the form of technical expertise to develop and demonstrate new energy technologies. GCxN is made possible through funding from Shell GameChanger. GCxN is administered by NREL, located in Golden, Colorado.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201005209/en/

Contacts

Liz Crumpacker
Antenna group for GCxN
[email protected]


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