Wells Fargo Selects Clean Technology Startups for Innovation Incubator$1. SAN FRANCISCO, April 9, 2. Wells Fargo & Company (NYSE: WFC) today announced the selection of four clean technology startups for the Wells Fargo Innovation Incubator (IN2), a five- year, $1. The program is funded by the Wells Fargo Foundation and co- administered by the U. S. Department of Energy’s National Renewable Energy Laboratory (NREL). It is the first philanthropy program of its kind within the financial services industry.“To address growing climate concerns, it is absolutely crucial to accelerate investments in innovative companies that provide clean technology solutions,” says Mary Wenzel, Wells Fargo head of Environmental Affairs. Startups will receive research and testing support at NREL’s world- class research facility in Golden, Colo., as well as coaching and mentorship from Wells Fargo’s vast network of financial and technical experts. Companies selected include: Energy Storage Systems (Portland) is developing an advanced flow battery that utilizes earth- abundant iron as its energy storage medium. This translates to unmatched affordability when the All- Iron Flow Battery (IFB) is used to address commercial energy storage needs. Liquid. Cool Solutions (Rochester, Minn.) is developing two forms of total immersion electronics cooling technology for large- scale data centers: Liquid Submerged Servers (LSS) and Liquid Submerged Computers (LSC). Initial testing of the LSS system has yielded 4. Smarter. Shade (Chicago) delivers on the promise of smart glass – significant energy savings, glare reduction and enhanced privacy impact – all in a seamless user- controlled shading interface that lasts 4- 5 times longer than blinds and shades. Smarter. Shade’s technology costs a fraction of the price of traditional smart glass and requires no electrical power. Watt. Stick Systems (San Francisco) is developing peel- and- stick electricity metering technology that can be safely and easily installed by nontechnical staff. By eliminating the need for sophisticated electrical installation, Watt. Stick Systems’ technology will drastically reduce total submetering costs for commercial buildings and open the door for significant long- term energy use reduction.“The IN2 program serves as a model for private and public sector collaboration working together for one common goal,” says Richard Adams, director of the Innovation and Entrepreneurship Center (IEC) at NREL. The goal is to create an ecosystem that fosters and accelerates the commercialization of promising commercial buildings technologies that can provide scalable solutions to reduce the energy impact of buildings. According to the Department of Energy, nearly 4. U. S. This program was developed to advance the commercialization of new sustainable technologies by validating them in the lab and then piloting them in select Wells Fargo locations. The PV Incubator program is designed to fund and inspire revolutionary advances in solar technology but tough goals and hard work are pre-requisites. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) is seeking project proposals as part of DOE funding to accelerate commercialization of solar energy. The Photovoltaic (PV) Technology. Cleantech Group is partnering with Wells Fargo and National Renewable Energy Laboratory (NREL) for its Innovation Incubator Program. We are looking to select innovative early-stage private companies working on sustainable. Experts at the Energy Department's National Renewable Energy Laboratory (NREL) have confirmed that two companies in their PV Incubator Program have set new world records for their respective technologies. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) has announced partnerships with 13 U.S.
National Renewable Energy Laboratory. Leading Clean Energy Innovation. About NREL; Mission & Programs. NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency and Renewable. NREL seeks proposals for Photovoltaic Technology Incubator Program. These proposals form part of the recently announced DoE funding to accelerate the commercialization of solar energy technologies. About Wells Fargo. Since 2. 01. 2, Wells Fargo has provided more than $3. This includes $3. Wells Fargo has reduced its greenhouse gas emissions by 2. The company also has made strategic environmental grants totaling $4. Wells Fargo environmental perspectives are available at the Wells Fargo Environmental Forum. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community- based financial services company with $1. Founded in 1. 85. San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,7. ATMs, and the internet (wellsfargo. With approximately 2. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. Fortune’s 2. 01. 4 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Media. Pia Hahn. 2. Pia. hahn@wellsfargo.
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