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HomeGreen TechnologySouthern California Power Innovation Community Studies Six-12 months Affect Numbers

Southern California Power Innovation Community Studies Six-12 months Affect Numbers


Southern California Power Innovation Community Studies Six-12 months Affect Numbers

Shannon Bresnahan
  |   Uncategorized

Cleantech San Diego’s Southern California Power Innovation Community (SCEIN) celebrated its six-year anniversary on July 15. This system has made super accomplishments supporting its member startups, that are advancing breakthrough vitality applied sciences for the good thing about California ratepayers. Under is a abstract of this system’s influence so far:

 

Corporations: 62 startup firms have been accepted and obtained personalized service plans from SCEIN and its companions. This system is presently supporting an all-time excessive of 39 energetic member firms.

 

Capital: Since becoming a member of this system, SCEIN member firms have raised $234.5 million in personal capital and $65.9 million in public funding for a complete of $300.4 million in follow-on funding. XENDEE, South 8 Applied sciences, Sonocharge, UCAP Energy, and Ivy Power led the personal capital raised, and Qubitekk, KIGT, Group Power Labs, Icarus RT, and TyFast led the general public capital raised.

 

ROI: The SCEIN program continues to realize a greater than 50-fold return on funding on the CEC grant funding

 

Jobs: SCEIN startup firms created a document 56 new jobs from natural development in the course of the first half of 2022. With the addition of HNO Hydrogen Turbines, Limelight Metal, Harvest Thermal, and VECKTA, whole employment by SCEIN firms is as much as 629 jobs.

 

Range: 31 of the present 39 SCEIN firms have various illustration on their C-Suite management groups, for an all-time excessive of 79 %.

 

CA Recognition: In simply the primary six months of 2022, SiLi-Ion received the Riverside Angel Summit; ReJoule was the runner-up within the San Diego Angel Convention; Benchmark Labs, Ivy Power, and ChargeNet had been chosen as 2022 CONNECT Cool Corporations; TyFast and Limelight Metal received Activate Fellowships; Group Power Labs and Xtelligent received $75,000 Caltech Rocket Fund grants; Kineticurrents was chosen for the 2022 Cleantech Open Western cohort; Orianna Bretschger, Sofia Babanova, and Robin Ihnfledt had been acknowledged as San Diego Enterprise Journal High 50 Girls of Affect in Engineering; Jennifer Worrall, An Huang, and Jungwoo Lee had been acknowledged as High 50 Girls of Affect in Expertise; and Limelight Metal received the Cleantech San Diego/SCEIN MUFG Union Financial institution $50,000 Early-Stage Pitch Competitors.

 

Nationwide/World Recognition: Helicoid, UCAP Energy, and South 8 Applied sciences received 4 of the six Excellent Enterprise awards at thevNREL Trade Development Discussion board. On this yr’s Edison Awards for Essential Human Infrastructure, UCAP Energy received the bronze award within the Power Grid and Energy Provide class, and Qubitekk received the gold award within the Communications and Cybersecurity class.

 

Strategic Milestones: Statevolt introduced a $4 billion EV battery giga-factory in Imperial Valley together with a letter of intent to Managed Thermal Sources (CTR) for provide of energy and battery-grade lithium. CTR additionally introduced that Stellantis (Fiat-Chrysler/PSA) signed a provide settlement for as much as 25,000 MT/yr of battery grade lithium hydroxide for his or her North American EV manufacturing.

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