Techstars Alabama EnergyTech Accelerator today announced its 2022 class, the third group of startups to participate in the program. Ten startup companies traveling from across the United States, Sweden and Canada will make up the class, with the intensive, 13-week program beginning this week.
Since the inaugural class in 2020, the Techstars Alabama EnergyTech Accelerator has graduated 19 companies focusing on energy technology, clean tech, climate tech and sustainability. The first two classes have raised a combined $150 million, employ more than 200 people and many companies maintain a presence in Birmingham.
“It seems like yesterday that we welcomed our inaugural class,” said Nate Schmidt, managing director of Techstars Alabama EnergyTech Accelerator. We’ve seen our Year 1 and 2 companies strive for product market fit, collectively hire 200-plus people and raise capital well into nine figures. Our new class has big shoes to fill, and our staff, corporate partners and mentors are here to support them every step of the way. We can’t wait to dig in with these amazing founders, and to watch them build on the success of our first two classes.”
Techstars Alabama EnergyTech Accelerator welcomes the 2022 class:
Eneryield: Software that predicts and localizes severe cable faults that can cause outages in power grids, from Sweden.
Solar Unsoiled: Cleaning optimization analytics for the solar industry, from Durham, North Carolina.
Ecolytics: Helping companies turn their impact into an asset through a single platform for sustainability services, from Washington, D.C.
PowerTechs: HRTech/EdTech solution connecting renewable energy technicians with employers and upskilling opportunities, from Providence, Rhode Island.
Idyllo: The first home improvement marketplace curated for individuals and the home. Idyllo makes it simple to find trustworthy products and professionals, from Washington, D.C.
WhyGrene: A distributed energy software platform that balances power supply and demand, from Seattle, Washington.
Rivalia Chemical Co.: Extracting rare earth elements from waste materials, from New York.
Hop In Technologies: Mobility software company designing logistics systems for daily commuting, from Toronto, Canada.
Latimer Controls: Developing advanced solar power plant control software, from Boulder, Colorado.
ShipShape Urban Farms: A smart energy partner for profitable, modular, controlled environment agriculture, from Mobile, Alabama.
Over the next three months, the class of startups will receive seed investment and mentorship through Techstars’ worldwide network of business leaders, including Alabama’s business community, as well as business coaching from the founders. The program builds up to Demo Day, a public pitch event set for Dec. 6.
The Techstars Alabama EnergyTech Accelerator is supported by Alabama Power, the Economic Development Partnership of Alabama (EDPA), the Alabama Department of Commerce, Altec, PowerSouth, the University of Alabama, Southern Research and Hardware Park. The supporters play a key role in the accelerator process, with the common goal of growing Alabama’s startup ecosystem.
For more information, visit the Alabama EnergyTech Accelerator program page at https://www.techstars.com/accelerators/alabama-power.