Shell launches multimillion-dollar clean tech incubator with NREL

By Olivia Minnock
Shell has announced a programme worth millions of dollars to advance emerging clean technologies, in partnership with the US Department o...

Shell has announced a programme worth millions of dollars to advance emerging clean technologies, in partnership with the US Department of Energy’s National Renewable Energy Laboratory (NREL).

The programme, called the Shell GameChanger Accelerator (GCxN), will work with early-stage startups to develop technologies which look at long-term clean energy solutions, such as energy storage.

Shell and NREL will utilise their resources to help startups de-risk emerging technologies and accelerate their path to market, with GCxN providing up to $250,000 in non-diluted funding to successful applicants.

 

See also:

Shell announces 30% rise in profit, plans $25bn buyback

Shell becomes member of Carbon Trust programme

Read the latest issue of Energy Digital magazine

 

Lene Hviid, global manager for Shell’s GameChanger said: “Shell has a 25-year history of supporting early-stage startups and entrepreneurs that are impacting the future of energy. Capitalising on NREL’s world class laboratories and technical expertise, GCxN brings together industry experts and innovative thinking to identify promising new technologies and help move future energy solutions to market.”

Richard Adams, director of NREL’s Innovation and Entrepreneurship Center (IEC) stated: “We are excited to expand out public/private partnerships with a global leader like Shell in order to address new areas for technology incubation that will be critical to the success of our energy future and leverage our combined expertise in this important work.”

This builds on the success of the Wells Fargo Innovation Incubator, IN2, which has been developed in partnership with NREL over the past few years.

Speaking to Energy Digital for an upcoming feature, NREL’s Trish Cozart, Program Manager for IN2, said that the support offered by these kinds of incubator programmes is worth much more than just the capital on offer.

“Having experts in the lab is like expanding your team to something incredible, more so than they could ever do on their own, and the facilities are sometimes not even possible to get as a startup without something like that,” said Cozart.

“I think the support system is worth twice as much as the money in a lot of ways, maybe more,” she added.

The first round of successful applicants is set to be announced this year.

Share
Share

Featured Articles

Huawei's Smart Infrastructure Boosts Power Intelligence

David Sun, Huawei’s VP and CEO of its Electric Power Digitalisation BU, discusses how smart infrastructure is accelerating electric power intelligence

Celebrating 10 Years of Energy Digital Magazine

As we mark Energy Digital’s 10th birthday this summer, we reflect on our highlights over the last decade and take a deep dive into some of our best covers

Google's 13% Emissions Rise: Can AI & Data Centres be Green?

Google's latest environmental report highlights a 13% increase in GHG emissions driven by AI and data centre energy use. Is sustainable AI possible?

Huawei Takes the Lead on Electric Power Intelligence

Renewable Energy

How Ampace’s Innovations are Revolutionising Energy Storage

Sustainability

Sustainability LIVE in NYC an Event for Energy Leaders

Sustainability