Energy Excelerator, the nation’s largest clean-tech accelerator, recently announced its latest cohort of companies to help meet its clean energy goals. Chosen and vetted from hundreds of applicants from across the U.S., wind developer SheerWind has made this list.
The companies, including wind, solar, and cyber security innovators, represent part of the critical innovation ecosystem that is helping Hawaii reach its goal of 100% renewables by 2045 — the first state to set such an aggressive goal.
With the backing of the U.S. Navy, Department of Energy, GE Ventures, and other organizations, Energy Excelerator now has 43 companies in its portfolio and is expanding its tech deployment network deeper into Asia. The company also announced a partnership with New Zealand’s largest utility, Vector.
“SheerWind is Energy Excelerator’s first wind company,” said Dawn Lippert, Director and Co-founder of Energy Excelerator. “We’re betting on SheerWind because their bird-friendly, inexpensive, and easy-to-install technology has the potential to scale successfully in Hawaii and other markets.”
SheerWind offers a cost-effective alternative to conventional wind technology. By capturing, concentrating, accelerating, and harvesting wind power in a funnel system (called INVELOX), the multi-patented technology turns traditional wind power systems upside down. The INVELOX system collects and channels the wind and then increases wind speed to efficiently deliver it to multiple turbines that are safely housed on the ground.
By shrinking the turbine blades by 89%, eliminating complex mechanical systems, and harvesting power at ground level, SheerWind provides a low-cost, environmentally safe alternative to wind power.
“SheerWind is pleased to have been selected by Energy Excelerator. They have already been a great catalyst for connecting with potential partners and investors,” said Mark Borman, the CFO of SheerWind. “We look forward to the benefits the Energy Excelerator program and its network provide in the months to come.”
To date, Energy Excelerator has awarded $15M to 43 portfolio companies that address critical problems in Hawaii and the Asia Pacific.
“Last year was a big year for energy innovation,” said Dawn Lippert, Director and Co-founder of Energy Excelerator. “The tech community, corporates, and governments agreed that innovation is ‘mission critical’ to reaching our global clean energy goals. It’s exciting to be in Hawaii, at the center of it all, where innovation and deployment meet.”