Free Electrons Announces Cohort of 12 Energy Startups

Energy startups across eight countries are changing tomorrow’s energy systems

Today, Free Electrons announces its first cohort of 12 innovative energy start-ups selected from 450 applications across 51 countries. These innovative start-ups are advancing energy sectors including grid operations, renewable energy, electric vehicles and home energy management.

Free Electrons is a platform to propel their solutions on the global stage with the support of eight international utilities. Start-ups will have the opportunity to immerse themselves in regional ecosystems delivered through three uniquely structured week-long modules in Silicon Valley, Lisbon, Dublin and Singapore. As a bonus, start-ups will compete for up to $200,000 in prize money.

And the winners of the Free Electrons 2017 cohort are…

Smart Grid

  1. DEPsys
  2. DataGlen Technologies
  3. Greencom Networks

E-Mobility

  1. Driivz

Clean Energy

  1. BeON
  2. HST Solar
  3. EthosGen

Energy Management

  1. climote
  2. OhmConnect
  3. Simple Energy
  4. Tempus Energy

Cyber Security

  1. Aperio Systems

This year’s cohort of 12 has already received a combined total of over $57 million in funding and almost $24 million in revenue. As well as representing different sectors, the winners are also geographically diverse: four startups are from the United States, two from Israel, and one each from Germany, Ireland, Portugal, Switzerland, India and United Kingdom.

Module #1 starts in the Silicon Valley

With 12 start-ups selected, the first module will commence in May in Silicon Valley. Start-ups will engage in structured workshops and conversations with utilities where they will deep dive into challenges, technology and pilots.

Powerhouse, a solar incubator and accelerator in Oakland, will also be hosting the start-ups in a speed dating activity with investors. Because partnerships aren’t only built in the office, there will also be a mini leadership retreat and informal networking events where start-ups can take the time to engage with the local energy community. The program will continue in Europe in June and Singapore in September.

Free Electrons is the first global energy startup accelerator program

Free Electrons is the global energy startup accelerator program that connects the world’s most promising start-ups with eight leading utility companies. innogy provided the initial impulse to set up Free Electrons.

The eight international utilities who support the program provide access to 73 million customers worldwide: AusNet Services, Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board), EDP (Energias de Portugal), Origin Energy, Singapore Power (SP), Tokyo Electric Power Company (TEPCO) and innogy with the support of accelerator partners, New Energy Nexus, swissnex San Francisco, Energy Excelerator, Powerhouse and Beta-i.