Advanced BioFuels USA

(Scale for ClimateTech/Globe Newswire)  Unique company support fast tracks the commercialization of breakthrough technologies to reduce greenhouse gas emissions and address climate change —  Scale For ClimateTech announced today that 18 emerging startup teams are joining the fourth cohort of its program that helps companies get new hardware innovations from the prototype stage into mass production. The teams are working to address the climate crisis with technologies that reduce greenhouse gas (GHG) emissions and mitigate the impacts of climate change.

Selected from a total of 84 applicants spanning 17 different countries, these growth-stage companies will benefit from Scale For ClimateTech’s comprehensive programming and global network, which speeds and de-risks the production process, bridges market gaps, and helps companies get their products to market faster. To date, Scale For ClimateTech has helped more than 51 climate tech manufacturing businesses raise $174 million in funding, collectively, and has generated approximately $26 million in revenue over the last three years. In 2020, companies participating in the program more than doubled their sales revenues, combined.

The following teams were selected for Cohort 4 and feature a range of technologies:

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Amogy — Portable-size carbon-free energy system utilizing liquid ammonia as a renewable fuel (Brooklyn, New York, United States).

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Optimus Technologies, Inc. — The Vector System, a fuel system technology that enables diesel engines to operate 100% on biodiesel (Pittsburgh, PA, United States).

Pulsenics, Inc. — A suite of hardware and software technology to monitor and reveal sources of performance loss for technologies that employ electrochemical stacks in real time such as green hydrogen production and energy storage (Toronto, Ontario, Canada).

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Scale For ClimateTech is a free manufacturing accelerator—one of only five in the United States that offers start-up growth-stage manufacturing support programming and offers founders a range of resources, technical expertise, and guidance. The program is administered by non-profit entrepreneurship catalyst NextCorps and impact innovation company SecondMuse, and is supported by the New York State Energy Research and Development Authority (NYSERDA). More than a dozen partners—including Urban Future Lab, Partsimony, Newlab, Cornell University, REV: Ithaca Startup Works, NY Manufacturing Extension Partnership (MEP), and the RIT Golisano Institute of Sustainability—support programming and offer founders a range of resources, technical expertise, and guidance.

Entrance into Scale For ClimateTech is a competitive process, with selection based on the effectiveness of a technology solution, team dynamic, business plan, investment prospect, need for manufacturing resources, and potential benefits to reducing greenhouse gas emissions in New York State to meet the state’s climate and clean energy goals under the Climate Leadership and Community Protections Act.

Each company in the cohort will receive access to dedicated mentors, entry into the New York State hardware ecosystem, Manufacturing Readiness Level (MRL) assessments from industry experts, a deeper understanding of GHG impact, and a customized roadmap development plan. In addition, they also will receive access to strategic partnerships, investors, and founder-friendly contract manufacturers to commercialize technology in New York State and beyond.

“Congratulations to all of the companies on their acceptance into the Scale for ClimateTech program and into New York’s climate innovation ecosystem,” said Katie MacDonald, NYSERDA’s Director of Technology to Market. “The Scale for ClimateTech program is a catalyst for climate tech companies to commercialize, which saves them valuable time and money, and enables them to help lower carbon emissions while supporting New York’s climate and clean energy goals.”

“As the program continues to grow in our fourth year and the manufacturing community recovers from the pandemic, it is inspiring to see so many climate tech innovators worldwide that are developing hardware devices to reduce greenhouse gas emissions,” said Managing Director of Scale For ClimateTech and program lead for NextCorps, Mike Riedlinger. “We are urgently working with a select group to get products manufactured in volume to help reduce potential climate impacts for our future.”

“We are very impressed by the next cohort of new technologies and the diverse innovators behind them. Many of the selected companies came through personal referrals from other programs and incubators, and even our alumni, which sends a clear message: We can, and must, work together to solve the climate crisis,” said Shelby Thompson, Senior Program Manager with Scale For ClimateTech and program lead for SecondMuse.

About For ClimateTech
The For ClimateTech initiative, which includes Venture For ClimateTech and Scale For ClimateTech, is supported by the New York State Energy Research and Development Authority (NYSERDA), and is administered by non-profit entrepreneurship catalyst NextCorps and impact innovation company SecondMuse. The goal of For ClimateTech initiatives is to accelerate innovations likely to have substantial climate impacts for all, and limit GHG emissions to 40% of 1990 levels by 2030 as established by The Climate Leadership and Community Protection Act of New York State. READ MORE