AUSTIN, TX May 10 — Twenty leading-edge cleantech companies will present at the Clean Energy Venture Summit for an opportunity to be accepted into the Clean Energy Incubator, a chance to collaborate with Austin Energy and venture funding from a host of leading venture capitalists in attendance. The summit, hosted by the Clean Energy Incubator and Austin Energy, will take place May 14 though 16 in Austin, Texas.
The presenting companies are coming from across the world to present technologies on the leading-edge. Emerging companies have developed technologies that address a range of issues including more efficient solutions for lighting and data center operation, high density power conversion, thermal solar power and mechanical power transmission.
"The Clean Energy Venture Summit will allow companies like ours to showcase technology to leaders in the renewable energy investment and development industry," said Robert Morgan, Chief Development Officer of Ausra, Inc. a Palo Alto, California-based developer of solar technologies. "Beyond a chance to work with Austin Energy, we hope to demonstrate to the state of Texas our solar solutions are competitive with existing technologies for generating peak energy, but without creating pollution and greenhouse gas emissions."
Presenting companies include:
AgiLight Holdings Inc.
Headquartered in San Angelo, Texas, AgiLight is a solid state lighting design and manufacturing company that focuses on light emitting diode (LED) lighting.
The company focuses on two distinct markets: signage and architectural lighting and micro-lighting. Clients include Fidelity Investments, U-Haul and Dairy Queen.
For more information, go to www.agilight.com.
Xtreme Power, based in Kyle, Texas, provides power systems to utilities and large energy users. The systems are used in primary power applications as well as power conditioning, peak shaving and load leveling applications to conserve energy. The company’s applications enable utilities to optimize their power production while reducing energy storage costs.
For more information, go to www.xtremepowersolutions.com.
Austin-based ColdWatt delivers high efficiency and high density power conversion module solutions to IT equipment and original equipment manufacturers (OEM) in the server networking and storage markets. The company designs solutions to help systems engineers solve the competing demands for increased performance density and restrictive space, heat and cost constraints. Its power solutions focus on delivering the most power from the smallest footprint, changing the rules for attaining maximum data center ROI.
For more information, go to www.coldwatt.com.
Fallbrook Technologies Inc.
Fallbrook Technologies., headquartered in San Diego, is a technology development company with a product that allows for the transmission of mechanical power based on spheres instead of gears. The company’s product, NuVinci, is a continuously variable planetary (CVP) technology, an innovative new continuously variable transmission (CVT). The technology helps vehicle designers and component manufacturers improve performance, ride quality and capabilities in existing products. Fallbrook has over 60 patents awarded worldwide.
For more information, go to www.fallbrooktech.com.
Ausra is developing large-scale solar electric power parks. Concentrating Solar Power (CSP) uses the heat of the sun to drive steam turbine power stations, and produces power at market prices. Through its breakthrough technology, electrical energy can be produced at affordable prices without carbon emissions. The company is backed by venture capital firms Kleiner Perkins and Khosla Ventures.
For more information, go to www.ausra.com
Presenting companies are vying for the opportunity to leverage a full range of incubation support, consulting services and office space from the Clean Energy Incubator. Innovative companies will also have the opportunity to plug-in and test their technologies in collaboration with Austin Energy.
Representatives from venture firms including CMEA Ventures, Kleiner Perkins, Sevin Rosen, Venrock Associates, and others will be attending the Clean Energy Venture Summit to evaluate potential investment opportunities and discuss trends in cleantech venture investing.
According to the Cleantech Venture Network, cleantech has become one of the top three venture capital investment categories in the United States with $2.9 billion invested in clean technologies last year. Texas companies received approximately $211 million of those dollars.
About the Clean Energy Incubator
CEI provides tomorrow’s Clean Energy innovators with the resources needed to compete in the real world. The Incubator helps emerging companies leverage a rich network of industry experts and investors, fill knowledge gaps, build stronger business propositions and accelerate time to market. These factors improve venture success rates, which ultimately provide environmentally conscious energy alternatives for future generations.
For more information, please visit: www.CleanEnergyIncubator.org.
About Austin Energy
Austin Energy is the nation’s 10th largest community-owned electric utility.
Austin Energy powers the capital city of Texas through a diverse generation mix including nuclear, coal, natural gas and renewable energy sources. Located in Austin, TX, Austin Energy created the top performing renewable energy program in the nation and is committed to helping Austin become the Clean Energy Capital of the World. The company owns the nation’s first and largest green building program and is home to one of the nation’s most comprehensive residential and commercial energy efficiency programs.
For further information, please visit: www.AustinEnergy.com.