The 10 EngergyLab startups selected for its Climate Solutions Accelerator

EnergyLab’s 2022 Climate Solutions Accelerator has selected 10 Australian startups for its next cohort with the ambition of making the country a global renewable energy superpower.

Receive a combined investment of three-quarters of a million dollars from a group of angel investors (up 50% from the 2021 fund),

The 10 participating companies launched a 6-month program to accelerate the deployment of their climate solutions in Australia and around the world, also sharing $750,000 in angel investment for their initial development.

EnergyLab CEO Megan Fisher said that Climate Solutions Accelerator will help the startups involved get the support, expertise and connections they need to go global.

“This cohort is driving cutting-edge innovation in climate technology, from the air conditioning revolution to the development of more environmentally friendly batteries,” she said.

Here are the 10 startups involved:

Allegro Energy have invented a new patented water-based electrolyte system that makes many types of batteries not only much cheaper, but also environmentally friendly and compatible with a circular economy.

Co-founders: Thomas Naan, Rohan Borah, Fraser Hughson.

acacia silver is a fintech company reshaping financial services so that people and our planet can access a brighter future through simpler, smarter and more sustainable money management. Acacia’s platform and marketplace will connect consumers to truly sustainable and financially rewarding financial options.

Founder: Anil Sagaram

Conry Tech reinvents air conditioning to improve and decarbonize comfort in urban environments. The founders, who are well known for creating disruptive innovations in the HVAC industry (their invention of the Turbocor compressor is a prime example), believe their new “BullAnt” decentralized HVAC system will prove even more disruptive. Their radical system improves efficiency by up to 70%, integrates more effectively with renewables, pushes buildings to zero emissions, creates a healthier indoor environment, and eliminates reliance on fossil fuels.

Founder:Sam Ringwaldt

Ecojoule energy specializes in the design and manufacture of revolutionary and sustainable technological solutions for the electrical network. Their main products are community batteries and voltage regulators for the low voltage distribution network, improving the integration of distributed clean energy resources such as rooftop solar.

Founder: Mike Wishart

Economic energy develops a scalable, cost effective and long-lasting energy storage solution for the integration of renewable energies. Their Vertically Integrated Potential Energy Reservoir (VIPER) uses gravity to store energy, much like pumped hydro, but using pellets rather than water.

Founder: Matthew Forrest

farm robot provides remote monitoring solutions that simplify water measurement and analysis. Their hardware transmits data to a SaaS platform providing users with near real-time SMS and email alerts and reports on water levels and trends. This data helps farmers make better business decisions contributing to a more sustainable water supply.

Co-founders: Andrew Coppin, Craig Hendricks

NRN (National Renewable Network) is a connected network of solar and battery storage systems, enabling households and businesses to switch to renewable energy without any upfront financing costs, while saving on their energy bills.

Founder: Alan Hunter

Raise is the platform that powers climate startups seeking value-aligned capital, empowering founders to take control of their upscaling through smart workflows and expert guides, dramatically reducing time and resources typically needed to complete a round.

Founder: Amy Carter-James, Neal Carter-James, Sonja Trio, Ben Keene

Solstice AI applies state-of-the-art artificial intelligence techniques to satellite imagery to identify solar panels and accurately predict solar power generation in entire suburbs. Their technology allows more solar energy to be integrated into the grid at a lower cost, allowing greater use of renewable energy.

Co-founders: Julian De Hoog, Peter Ilfrich, Maneesha Perera

ValAi is a startup building the tools the industry needs today to meet the sustainable financing demands of tomorrow’s society. Their product, Greenhouse, identifies a home’s sustainability and energy efficiency and provides personalized advice to help homeowners reduce their carbon footprint. This in turn helps financial institutions account for the emissions of the assets they finance and unlocks tailored insurance premiums, from home and personal loans to halfway houses, increases energy efficiency and energy-efficient homes. test of time.

Co-founders: Allys Todd, Tom Reed