Clean energy accelerator program EnergyLab has more than doubled its latest intake of startups, providing more new companies with the opportunity to maximise their energy efficiency.
EnergyLab, with the support of Origin Energy, is working to encourage entrepreneurs developing fresh approaches to the way energy is generated, delivered and managed
EnergyLab startups can access the $26 million Clean Energy Seed Fund, which includes a $10 million cornerstone commitment from the Clean Energy Finance Corporation.
The 14 startups were selected from more than 100 national applications, with ideas designed to support cleaner energy generation, monitoring and trading, electric vehicles, energy efficiency, better waste management and new farming technologies.
Startups joining EnergyLab’s 2018 program include Sydney’s PowerPal, which is tapping into the Internet of Things, using big data and AI to build an energy engagement platform with a goal to eliminate energy waste for all Australians, reducing grid demand by five per cent.
Melbourne-based Ohm Power has launched an online platform that helps homeowners find their best performing solar and/or battery storage system from a range of trusted Australian solar retailers.
“This is our biggest cohort yet and these talented entrepreneurs, with their innovative business ideas, will help us provide better options to consumers and more reliable energy,” EnergyLab Managing Director Piers Grove said.
“With the support of EnergyLab’s national partners, Origin and Climate-KIC Australia, the future for these startups looks bright.”
Several energy organisations will provide support to these startups as they aim to grow their businesses and secure additional funding.