Wells Fargo & Co. (WFC) selected ThermoLift among six clean technology startup companies to join the Wells Fargo Innovation Incubator (IN2), a five-year, $10 million program which is helping accelerate innovative environmental technologies. The six early stage companies – two in California and one each in Illinois, Indiana, Massachusetts, and New York – are joining the Innovation Incubator to refine their potentially game-changing technologies for the commercial buildings marketplace. ThermoLift is excited to begin this venture with Wells Fargo to further the development of the Ultimate Heat Pump.
ThermoLift engineer Seann Convey and CEO Paul Schwartz recently co-wrote an article, titled “Modernizing the Vuilleumier Cycle: Recent developments for a novel natural gas air-conditioner and heat pump”, published in the IEA Heat Pump Centre Newsletter. The article is an in-depth technical description of Vuilleumier heat pumps and the ThermoLift technology. It chronicles past research on heat pumps, what improvements ThermoLift has made, and what improvements are going to be made in order to create The Ultimate Heat Pump.
ThermoLift recently placed second in the Venture Showcase, part of the Columbia Energy Symposium. The Columbia Venture Showcase brings together New York’s sharpest young entrepreneurs and energy innovators with investors, VCs, and the Columbia University community. The Showcase gave startups the spotlight on their innovations and a chance to pitch their ideas. Participating companies presented to a panel of judges according to their development stage with the opportunity to win $1,000 in cash prizes and potential investments.
ThermoLift recently had the opportunity to attend The Industry Growth Forum, presented by the National Renewable Energy Laboratory (NREL). The Forum is the perfect venue for clean energy innovators to maximize their exposure to receptive capital and strategic partners. The 2015 Forum showcased 30 competitively selected emerging companies, provocative panels led by thought leaders, and facilitated networking sessions. Since 2003, presenting companies have collectively raised more than $5 billion in growth financing.
ThermoLift recently attended the NYC Cleantech Summit. Leading cleantech startups from around the region showcased their companies and were presented with awards. Pitching companies featured the winners of this year’s Cleantech Open business competition and top startups from the NEXUS-NY and PowerBridgeNY programs.
ThermoLift was announced as a winner of the Innovator of the Year awards, presented by Innovate LI, which recognize Long Island’s best and brightest ideas. This year’s list includes winners in software development, biotechnology, clean energy, science and technology, general inventiveness and craft food and beverage. The program also honors individuals who have given their considerable time and talent to mentor members of the region’s growing entrepreneurial ecosystem. ThermoLift was named a winner in the Clean Energy sector.
This two-day event introduces new energy efficient innovations in buildings, transportation, and advanced manufacturing and facilitate public-private partnerships and collaboration that will enable these technologies to enter the market. ThermoLift had the opportunity to participate in facilitated networking sessions with industry stakeholders, technical experts, and financial advisors, as well as discuss the challenges preventing disruptive technologies from mass adoption and hear how leading manufacturers are moving advanced technologies to market.
Energy ConneXions is a new event that brings together leaders in the federal government, the private sector, and others from across the energy efficiency and renewable energy sector to advance collaboration. Manufacturers, distributors, and representatives of all sizes were invited to display their products, services, and equipment. This trade show was a great opportunity to get in on the ground floor and form relationships with real buyers.
The Long Island Capital Alliance assists local companies in raising growth capital. They host quarterly, industry-focused capital forums at which business of all levels of development have an opportunity to present their business plan to attendees, including LICA members, investors, business executives, and others. At each capital forum, they also host a panel of industry and investor experts who discuss the investment climate for the presenting companies.
Innovators, experts, and up-and-coming entrepreneurs in cleantech gathered at Babson College in Wellesley for the Cleantech Open East Coast Academy, a 2-day intensive “business bootcamp” for members of the accelerator class of 2015. Through their annual business competition and accelerator program, the Clean Tech Open connects cleantech startups with the people and resources that will accelerate their success, and provide a national platform for public visibility.