Three startups awarded $250,000 each in non-dilutive funding to accelerate energy-efficient, resilient building technologies
The Wells Fargo Innovation Incubator (IN²), a clean technology program funded by Wells Fargo and co-administered by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), today announced the selection of three startups for its next cohort in the Emerging Tech Track. This cohort targets scalable, drop-in solutions for the built environment to drive energy efficiency, reduce emissions, and support decarbonization across commercial and residential sectors.
"With increasing urbanization, addressing energy demands and building resilience is paramount," said Sarah Derdowski, IN² program manager at NREL. "These startups have market-ready technologies poised to make a meaningful impact on how we manage buildings' energy demands. Their solutions are designed for quick deployment across diverse settings, helping to accelerate adoption and maximize energy efficiency and sustainability."
Each company will receive $250,000 in non-dilutive funding and work closely with NREL's leading scientists and engineers to refine and validate their technologies. The startups were nominated by IN²'s Channel Partner network, which includes more than 60 business incubators, accelerators, and university programs across the United States.