Shell has announced the first round of cleantech startups chosen for its GameChanger Accelerator program GCxN. GameChanger powered by U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) is multi-million-dollar, multiyear cleantech accelerator focusing on technologies that will “enable the grid of the future through long-term energy storage and controls”.
Following an extensive global selection process, GCxN has named four companies to its inaugural cohort as it partners early-stage companies with experts from the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Shell’s GameChanger program to provide promising startups with access to financial resources, state-of-the-art facilities and world-class technical experts. The assistance is designed to help companies de-risk technology development while accelerating their path to market.
Each participating startup will receive as much as $250,000 in non-dilutive funding to aid in development and demonstration of its technology, with the opportunity for future follow-on funding and beta-testing with a strategic program partner, in addition to access to expertise and laboratory capabilities at both NREL and Shell.
Companies selected for this round are:
Unlike most accelerators, companies cannot simply apply to GCxN. Instead, companies must be recommended by a member of the Channel Partners network (cleantech incubators, accelerators and universities), with finalists selected after rigorous review by technology experts at NREL and Shell. The selected startups are focused on developing long-term energy storage and smart grid controls.
Richard Adams, director of NREL’s Innovation & Entrepreneurship Center said: “We’re very excited to begin work with this first round of GCxN companies. It is our goal to fill this program with game-changing ideas, and our first cohort of startup companies demonstrates real potential to enable the grid of the future through their unique technologies.”
Lene Hviid, global manager for Shell GameChanger™ said: “GCxN’s first cohort of companies have impressed us with their innovative ideas, their technical know-how and their eagerness to advance cleaner energy technologies.”