WindESCo Chosen as 1 of 12 Clean Energy Start-Ups for AWS Accelerator

WindESCo

The Clean Energy Accelerator 2.0 brings together key corporate partners and clean energy start-ups to nurture co-innovation opportunities.

WindESCo, a leading renewable energy performance analytics company, has been accepted into the Amazon Web Services (AWS) Clean Energy Accelerator 2.0, supported by Beta-I. The AWS Clean Energy Accelerator is designed to encourage co-innovation and acceleration through energy partnerships. The goal of the program is to accelerate the energy startups today so that they can define and shape the clean energy industry of the future. The accelerator’s cohort features 12 Clean Energy startups selected from 424 innovators from 58 countries.

During the five-week program the selected startups will receive support from business and technical experts, hands-on assistance with AWS, and expert guidance in developing clean energy solutions. The startups will also have the opportunity to engage with industry leaders to explore topics ranging from climate change, international regulatory law, capitalization strategies for strategic partnerships, and managing mergers and acquisitions. The program has partners from the energy sector including ENEL, ENI, Iberdrola, GALP, Siemens Gamesa and TotalEnergies, along with support from WindEurope.

WindESCo, along with the other 11 chosen finalists, will receive up to $100,000 each in AWS Promotional Credit through AWS Activate to kick-start their data and operations transformation in the cloud. Selected startups work on subjects such as hydrogen to battery storage to carbon capture, bioengineering, smart grids, and solar. WindESCo was the only AEP improvement solution for wind accepted into the cohort.

“We are excited and honored to be a part of this year’s cohort for the Clean Energy Accelerator with AWS,” said Blair Heavey, CEO of WindESCo. “The partnerships developed within this program, with fellow startups, corporate sponsors and AWS will be crucial to the success of becoming a carbon-neutral world.”

On June 2nd, all collaboration outcomes will be presented at the AWS Clean Energy Accelerator 2.0 Innovation Showcase in Lisbon, Portugal, bringing together partners, startups, and key stakeholders from the European energy and technology innovation ecosystem.

Carbon Clean raises $150m in record carbon capture funding round

Carbon Clean

Press release from Carbon Clean

Carbon Clean has raised U.S. $150m from existing investor Chevron, who led the round, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. To date, Carbon Clean has raised $195m, having closed its $30m Series B investment round in August 2021.

The funding announced today will support Carbon Clean’s goal of becoming the world’s leading provider of carbon capture solutions for heavy industry, which accounts for around 30 per cent of global emissions. To achieve this, Carbon Clean will work in collaboration with industrial partners and governments to manufacture and ship hundreds of standardised, fully modular carbon capture units to industrial facilities every year.

Aniruddha Sharma, Chair and CEO of Carbon Clean, said:

“Carbon Clean’s vision is to deliver global industrial decarbonisation on a gigatonne scale, and we are now on track to do this by the mid-2030s. We are at the forefront of sector innovation, delivering products that can genuinely change the world. Today’s funding round is testament to the confidence of industry and global investors in our technology and its importance to reach net zero goals.

“Making carbon capture technology accessible for hard-to-abate sectors is a huge opportunity. We will use this new funding to scale production of our breakthrough fully modular technology which will overcome the biggest challenges facing widespread adoption of CCUS – cost and scale.”

In the past 12 months, Carbon Clean has achieved several significant milestones. The business reached the landmark of 1.5 million tonnes of carbon captured, launched CycloneCC – the world’s smallest industrial carbon capture technology, and signed partnerships with global industrial players like Veolia, CEMEX and Chevron, as well as with one of the most mature carbon capture and storage and hydrogen projects in the UK, the Acorn Project.

Now the focus is on delivering carbon capture on a gigatonne scale for heavy industry, achieving what solar did between 2010 and 2020: a +1,663% scale up in deployment.

Carbon Clean’s latest technology, CycloneCC, launched in October 2021, can be a game changer for hard-to-abate sectors like steel, cement, energy from waste, refineries and upstream/midstream oil and gas. CycloneCC has a footprint ten times smaller than conventional carbon capture, making it easily deployable in less than eight weeks. The solution has the potential to reduce CapEx and OpEx by up to 50 per cent and drive down the cost of carbon capture to $30/tonne on average, which would make the economic case for CCUS undeniable.

As part of the new investment made during this round, Carbon Clean and Chevron are seeking to develop a technology demonstration pilot that will test CycloneCC at one of Chevron’s co-generation plants in San Joaquin Valley, California.

Chris Powers, Vice President, CCUS for Chevron New Energies said:

“Chevron is proud to lead Carbon Clean’s record Series C funding round, and we look forward to partnering with Carbon Clean to help advance Chevron’s pursuit of lower carbon solutions. We have a long history of supporting the development and commercialisation of breakthrough technologies, and we’re especially excited about the potential for CycloneCC to revolutionise the industrial carbon capture sector.”