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.
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.