Shell Ventures

Hydrogen Economy

Canada-based Ionomr Innovations develops and manufactures ion-exchange membranes and polymers for clean energy applications, including hydrogen electrolyzers and fuel cells. The company’s product portfolio consists of “Pemion” and “Aemion.” Pemion is its proton exchange membrane (PEM) product, which can be used in PEM electrolysis and PEM fuel cells. Aemion, its anion exchange membrane (AEM) product, can be used in AEM electrolysis and AEM fuel cells. The company claims that Aemion is stable in both highly basic and highly acidic scenarios, which in turn allows production and use of hydrogen without the need for precious metals, unlike traditional PEMs. The company has its research and development and manufacturing facilities are located in Vancouver, Canada.Key customers and partnershipsIn June 2023, Ionomr and Cipher Neutron, a provider of AEM electrolyzers and reversible fuel cells, entered into an agreement to develop North America’s first 250 KW AEM hydrogen electrolyzer. The electrolyzer will commercially produce affordable, high-volume hydrogen gas for governments and industries seeking to reduce pollution and emissions. Previously, in April 2023, the company entered into a collaboration with Sunfire, a provider of industrial electrolyzers based on pressurized alkaline and SOEC technologies, to develop an AEM electrolyzer in the upper double-digit kW range for industrial scale-up using Ionomr’s Aemion anion exchange membranes.Funding and financialsIonomr's latest funding was in <a href="https://sp-edge.com/companies/455529#:~:text=funding%20was%20in-,December%202023,-%2C%20when%20the%20company">December 2023</a>, when the company raised USD 20 million in a Series A-4 funding round led by NGIF Cleantech Ventures and Pallasite Ventures. Ionomr intended to use the funds to enhance and expand the manufacturing of its core products, Aemion and Pemion. Prior to this, in <a href="https://sp-edge.com/updates/7885">January 2022</a>, Ionomr raised USD 15 million in a Series A funding round. The proceeds were used to scale up the production of its ion-exchange membranes and polymers, as well as the company’s planned <a href="https://sp-edge.com/updates/8551">R&amp;D</a> facility in the US.In September 2023, the company graduated from the Shell GameChanger Accelerator Powered by NREL (GCxN), an accelerator program that provides select cleantech startups with access to funding, facilities, and technical experts.

Canada-based Aurora Hydrogen produces green hydrogen by using microwave energy. The company’s proprietary microwave pyrolysis technology heats natural gas in the absence of oxygen and water to produce green hydrogen and solid carbon with zero emissions. This process uses 80% less electricity than electrolysis, which is the conventional method of producing green hydrogen.As announced in March 2023, the company is building a 200-kg-per-day hydrogen demonstration plant for field trials in Edmonton, Canada. The month before, Aurora Hydrogen and Acceleware equally shared a grant of CAD 2 million (USD 1.5 million) from Alberta Innovates to jointly develop a two-year green hydrogen project using methane pyrolysis using radio frequency energy.Key customers and partnershipsIn September 2022, the company entered into a partnership with Acceleware, which is working to develop new Clean Tech Inverter (CTI) industrial heating applications through collaborative partnerships, and which will use its collaboration with Aurora to produce CTI-powered clean hydrogen via methane pyrolysis. In September 2023, Aurora entered into a software license agreement with CPFD Software to use its Barracuda Virtual Reactor to improve understanding and accelerate technology development of a fluidized bed-based methane pyrolysis pilot plant.Funding and financialsIn February 2023, the company received a CAD 2 million (USD 1.5 million) grant from Alberta Innovates, followed by a CAD 3.9 million (USD 3 million) grant from Sustainable Development Technology Canada (SDTC). The funds were used to further scale up Aurora’s green hydrogen production technology. In August 2022, the company raised CAD 12.85 million (USD 10 million) in a Series A funding round led by Energy Innovation Capital.Key competitors: None comparable (produces green hydrogen using microwave energy)

Verdagy, a spin-out of Chemetry, manufactures innovative hydrogen electrolyzers. The company’s electrolyzers use its unique water electrolysis technology, “eDynamic,” which leverages the world’s largest membrane-based electrochemical cell. The company’s flagship product is its 20 MW eDynamic hydrogen electrolyzer.In November 2022, Verdagy launched its three-cell 500 kW commercial electrolyzer module at its 25,000 sq. ft. pilot facility in Moss Landing, California, followed by the 1,000-hour run demonstration of its 20kW Anion Exchange Membrane (AEM) cell. In September 2023, the company announced the opening of its new facility in Newark, California, with more than 100,000 sq. ft. of advanced manufacturing space. The Silicon Valley facility is due to commence operations in Q1 2024 and will reportedly be the first to manufacture advanced water electrolyzers in high volume in the US.Key customers and partnershipsIn September 2021, Verdagy partnered with Permascand Top Holding AB, a manufacturer of electrochemical solutions, to develop a novel electrochemical cell for the production of green hydrogen which will form the basis of the Verdagy Water Electrolysis (VWE) process.Funding and financialsVerdagy’s most recent funding was in <a href="https://sp-edge.com/updates/20853">August 2023</a>, when it raised USD 73 million in a Series B funding round led by Temasek and Shell Ventures. The company intended to use the funding to manufacture its industrial-scale electrolyzers. Prior to that, in February 2022, the company raised USD 25 million in a venture round led by TDK Ventures. The funds were used to expand its operations and to further develop its electrolyzer technology.

Based in the UK and US, ZeroAvia is developing hydrogen-based, zero-emission aviation solutions with an initial focus on 9–19 seat, 300 mile range fixed-wing aircraft for passenger, cargo, and agricultural transport. The company expects to launch its first commercial aircraft by 2025.ZeroAvia also plans to develop four larger and more powerful hydrogen-powered aircraft in the future: 1) a 40–80 seat model with a 700 mile range by 2027, 2) a 100–200 seat model with a 2,000 mile range by 2030, 3) a 200+ seat model with a 2,000 mile range by 2035, and 4) a 200+ seat model with a 5,000 mile range by 2040.The company has received approval from the UK Civil Aviation Authority (CAA) and the US Federal Aviation Administration (FAA) to test its prototype aircraft. Since 2019, the company has completed several test flights in California to evaluate its initial powertrain design. In September 2020, the company tested its prototype aircraft at its research facility in Cranefield, UK, marking the first flight of a commercial aircraft powered by hydrogen fuel cells. In September 2021, ZeroAvia selected Hyzon Motors to supply fuel cell stack systems for two of its prototype aircraft.In <a href="https://sp-edge.com/updates/21059">August 2023</a>, the company reported that it had developed the world's first high-performance compressor capable of supporting up to 900 kW of fuel cell systems for fuel cell-based aircraft propulsion. The company plans to begin certification testing of the compressor in 2024 and then integrate it into its first two hydrogen-electric engines. In <a href="https://sp-edge.com/updates/28887">April 2024</a>, ZeroAvia reported plans to offer several of its key components for hydrogen-electric engines to other aviation companies and also opened a propulsion center of excellence at Paine Field in Everett near Seattle.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/25829">January 2024</a>, ZeroAvia received a conditional order from MEHAIR for up to 20 ZA600 engines.In <a href="https://sp-edge.com/updates/6210">October 2021</a>, ZeroAvia signed a memorandum of understanding (MoU) with MHI RJ Aviation Group (MHIRJ), a subsidiary of Mitsubishi Heavy Industries, to develop hydrogen-electric propulsion technology for regional jet applications. The company also partnered with <a href="https://sp-edge.com/updates/6253">Alaska Airlines</a> and Royal Schiphol Group (a Dutch airport operator) to develop hydrogen-powered aircraft. ZeroAvia <a href="https://sp-edge.com/updates/11794">collaborated</a> with Edmonton International Airport (EIA), to develop hydrogen infrastructure at Canadian airport sites. Other partners include <a href="https://sp-edge.com/updates/6563">ASL Aviation, HAL, Rose Cay</a>, <a href="https://sp-edge.com/updates/7357">De Havilland Canada</a>, <a href="https://sp-edge.com/updates/9558">ZEV Station</a>, <a href="https://sp-edge.com/updates/10328">Shell</a>, <a href="https://sp-edge.com/updates/11092">Otto Aviation</a>, <a href="https://sp-edge.com/updates/11718">Ravn Alaska</a>, <a href="https://sp-edge.com/updates/12072">American Airlines</a>, <a href="https://sp-edge.com/updates/11837">The Red Sea Development Company</a> and <a href="https://sp-edge.com/updates/13428">Textron Aviation</a>.In October 2022, ZeroAvia <a href="https://sp-edge.com/updates/13663">acquired</a> <a href="https://sp-edge.com/companies/685851">HyPoint</a>, a provider of next-generation hydrogen fuel cells for air transportation. The acquisition was announced on the heels of ZeroAvia’s agreement with PowerCell, a Swedish developer of hydrogen fuel cell stacks and systems, to supply 5,000 low-temperature proton exchange membrane (LTPEM) fuel cell stacks with deliveries beginning in 2024, following a memorandum of understanding (MoU) signed between ZeroAvia and PowerCell in <a href="https://sp-edge.com/updates/11675">July 2022</a>. In May 2023, the company announced that it was exploring the establishment of a hydrogen production and refueling facility at the Birmingham Airport (BHX). In <a href="https://sp-edge.com/updates/21486">August 2023</a>, ZeroAvia partnered with the Abu Dhabi Future Energy Company (Masdar) to explore the production and supply of hydrogen at key locations. In <a href="https://sp-edge.com/updates/24444">November 2023</a>, ZeroAvia partnered with Ecojet to convert upto 70 of their aircraft to hydrogen-electric power using ZeroAvia's technologies. During the same <a href="https://sp-edge.com/updates/24076">month</a>, the company partnered with Japan Airlines and JAL Engineering to explore the development of hydrogen-electric engines to operate on regional routes.In <a href="https://sp-edge.com/updates/25441">January 2024</a>, ZeroAvia partnered with ScottishPower to provide a low-carbon hydrogen supply at key airport locations. In the same <a href="https://sp-edge.com/updates/25828">month</a>, the company signed a MoU with Verne to explore opportunities for the use of cryo-compressed hydrogen (CcH2) on board aircraft and for CcH2 refueling from gaseous hydrogen (GH2) and liquid hydrogen (LH2) sources. In <a href="https://sp-edge.com/updates/26466">February 2024</a>, ZeroAiva partnered with flyv to explore the use of ZeroAvia’s hydrogen-electric engines in flyv's operations. That same <a href="https://sp-edge.com/updates/27217">month</a>, the company partnered with the UK Civil Aviation Authority as part of the Hydrogen Challenge Sandbox to increase regulatory readiness, reduce risk of failure, and improve collaboration in the deployment of hydrogen propulsion technologies and fuels. in <a href="https://sp-edge.com/updates/29295">April 2024</a>, ZeroAvia partnered with FEAM Aero to explore how FEAM Aero’s 50+ locations can provide maintenance, repair, and operations services for companies using ZeroAvia’s technology.Funding and FinancialsZeroAvia’s most recent funding was in <a href="https://sp-edge.com/updates/25830">January 2024</a>, when the company secured USD 3.25 million from the California Energy Commission's Gas R&amp;D Program to develop a first-of-its-kind mobile liquid hydrogen (LH2) fueling truck for heavy-duty applications.Previously, in <a href="https://sp-edge.com/updates/24443">November 2023</a>, the company raised USD 116 million in a Series C funding round co-led by Airbus, Barclays Sustainable Impact Capital, and NEOM Investment Fund (NIF). The company intended to use the funds toward the certification of its first engines and further R&amp;D to improve its propulsion technology for larger aircraft. In <a href="https://sp-edge.com/updates/23314">September 2023</a>, ZeroAvia completed an undisclosed funding round that was led by Airbus, Barclays Sustainable Impact Capital, and NEOM. The company intended to use the funds to advance the certification of its first hydrogen-electric engine, the “ZA600.” In <a href="https://sp-edge.com/updates/11735">July 2022</a>, ZeroAvia raised USD 30 million in the second tranche of its Series B funding round led by existing investor International Airlines Group (IAG).

Smart Homes: Energy & Water Solutions

Aquion Energy was a Pennsylvania-Washington D.C. based company that manufactured proprietary Aqueous Hybrid Ion (AHI) batteries and energy storage systems. These saltwater batteries used sodium ions and employed widely available materials like carbon, cotton, saltwater, and manganese oxide as the primary inputs. Aquion's technology was optimized for stationary and long-duration daily cycling applications such as off-grid systems, microgrids, energy management, and grid-scale energy storage. The non-toxic and safe nature of the batteries, combined with their ability to be fully discharged without harm, made them suitable for renewable energy integration and reduced reliance on fossil fuels. Aquion aimed to provide low-cost and sustainable energy storage solutions.
In March 2017, after facing financial difficulties, Aquion Energy filed for Chapter 11 bankruptcy protection and ceased operations, sales, and manufacturing. The company was subsequently acquired by a Chinese-affiliated entity, Juline-Titans LLC, for USD 9 million in June 2017. Following the acquisition, Aquion closed its Pennsylvania plant in September 2017 and reportedly moved operations to China with the new owners intending to scale up by targeting larger commercial clients.

Flair is a company that specializes in smart vent systems designed to optimize heating, ventilation, and air conditioning (HVAC) systems in residential and commercial buildings. Their flagship products are the Flair Smart Vents and Flair Pucks. The Smart Vents are motorized vents that can be opened or closed to control airflow into specific rooms, while the Pucks act as room sensors and controllers, communicating with the Smart Vents to maintain desired temperatures.
The Flair system aims to address common HVAC issues, such as uneven temperatures across rooms or the need for different temperature settings in different areas of a building. By strategically adjusting the airflow through the Smart Vents, the system can redirect heating or cooling to the rooms that require it, ensuring consistent and comfortable temperatures throughout the building.
Flair's Smart Vents come in various sizes to accommodate most residential and commercial vent openings, and they are constructed with durable metal grilles. The vents can operate on batteries, with a battery life of up to four years, or they can be wired for continuous power. The Pucks feature temperature, pressure, humidity, and occupancy sensors, enabling them to make informed decisions about airflow adjustments.
In addition to their core functionality, Flair's products offer advanced features like geofencing, which allows the system to detect when occupants are approaching or leaving the building and adjust temperatures accordingly. The Flair app provides extensive control and scheduling capabilities, allowing users to set customized temperature profiles for different rooms and times of day.
Key customers and partnerships
Flair's products are compatible with various smart home platforms and devices, enabling seamless integration into existing smart home ecosystems. The company has established partnerships with major brands like ecobee, Honeywell, and Samsung SmartThings, among others, enabling their products to communicate and interact with these platforms.
Additionally, Flair's Pucks are designed to control mini-split HVAC systems, making them compatible with over 250 brands of mini-split units. This feature expands Flair's customer base to include homeowners and businesses that rely on mini-split systems for heating and cooling.

Sense is a company that offers an energy monitoring solution for residential homes. Its core product is the Sense monitor, a device that gets installed in a home's electrical panel. The monitor uses machine learning to detect and identify individual appliances and devices based on their electrical signatures. It collects detailed data about a household's electricity usage, including wattage and voltage information from appliances like fridges, washing machines, and personal electronics.
This data is used to provide homeowners with insights into their energy consumption patterns over time. The Sense monitor can pinpoint energy-intensive devices, identify inefficient or failing appliances, and send alerts when devices are left running or have finished their cycles. Sense's technology aims to help homeowners reduce electricity consumption and improve energy efficiency in their homes.
The company offers mobile and web applications that allow users to track real-time energy usage, set efficiency goals, and receive customized recommendations. Sense's business model involves selling its hardware and software solutions directly to consumers.
In April 2022, Sense raised USD 105 million in Series C funding to expand its product offerings and enhance international reach.

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

Brill Power, established in 2016 as a spin-out from the University of Oxford's Engineering Department, specializes in developing intelligent battery management systems (BMS) for lithium-ion batteries. The company's core technology optimizes the performance, safety, and longevity of battery packs by utilizing advanced control algorithms and cell-level power electronics. Brill Power's BMS ensures that cells are discharged proportionally to their capacity, preventing weaker cells from being overstressed and reducing the formation of hot spots within the battery pack. This approach can increase battery lifetime by up to 60% and improve energy yield by 15%.
The company's flagship product, the BrillMS B62 Premium BMS, was launched in 2021 for the stationary storage market. This system employs specialized hardware and software to implement cell-level current control, which allows for the full utilization of individual lithium-ion cells within a battery pack. By modulating electric current based on the health status and power capacity of each parallel-connected cell block, Brill Power's technology ensures that stronger cell blocks receive higher currents while weaker ones receive lower currents. This method has demonstrated the ability to enhance battery storage capacity by up to 129% and significantly improve energy storage reliability.
Brill Power's technology addresses a critical issue in the battery industry, where batteries are traditionally limited by their weakest cell, leading to premature disposal of battery packs with a majority of cells still functional. The company's approach not only extends battery life but also contributes to reducing waste in the industry. In June 2021, DNV, an independent energy expert and assurance provider, verified Brill Power's BMS technology, confirming its advantages in areas such as higher utilized pack capacity, potentially resulting in lower lifetime costs.
The company has been expanding its focus beyond stationary energy storage to include applications in electric vehicles, second-life batteries, and new battery chemistries. Brill Power's innovative approach to battery management positions it as a significant player in the ongoing transition to more sustainable and efficient energy storage solutions.

AutoGrid is a provider of Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) solutions, based in Redwood City, California. The company specializes in data analytics and machine learning technologies for managing distributed energy resources and microgrids, particularly for industrial and commercial customers. AutoGrid's technology focuses on integrating and orchestrating distributed energy resources (DERs) to benefit grid stakeholders. The company's product offerings include the Energy internet and Flex platforms, which are used for planning, implementing, and managing distributed energy projects. In January 2020, AutoGrid announced a fully integrated Advanced Distribution Management System (ADMS) and Distributed Energy Resources Management System (DERMS).
AutoGrid has undergone significant changes in its ownership structure in recent years. In May 2022, Schneider Electric acquired AutoGrid with the aim of accelerating AI adoption in the power sector and incorporating AutoGrid's capabilities into Schneider's microgrids business. In December 2023, Uplight, a utility software company based in Boulder, Colorado, announced an agreement to acquire AutoGrid from Schneider Electric. This acquisition was designed to combine Uplight's customer engagement capabilities with AutoGrid's DERMS technology in a single unified platform.
Key customers and partnerships
AutoGrid has had a long-standing partnership with Schneider Electric, dating back to 2013 when they collaborated to optimize Schneider's Wiser brand of smart thermostats and home energy management devices. In May 2019, Schneider Electric became a major shareholder in AutoGrid with a 10% stake and launched a co-innovation partnership focused on using AutoGrid's platforms for distributed energy projects. Following the acquisition by Uplight, the combined entity is expected to serve utility clients, energy users, and equipment manufacturers in accelerating their impact on the energy transition.

Innowatts is a leading energy software-as-a-service (SaaS) platform that leverages artificial intelligence and machine learning to provide actionable insights for energy providers. The company's platform integrates data from over 45 million meters, including distribution, renewable, storage, and EV assets, along with generation, price, weather, macroeconomic, demographic, and customer tariff information. This comprehensive data integration allows Innowatts to produce intelligent insights into energy networks and consumer behavior.
The Innowatts platform enables grid operators and energy retailers to make data-driven decisions and improve grid maintenance. Clients using the platform have reported a 40% increase in load forecasting accuracy and up to a 20% reduction in carbon footprint. The company's technology aims to help electricity providers unlock grid edge opportunities, increase customer value, and accelerate the energy transition. Innowatts' platform analyzes multiple data sets, providing users with a better understanding of their carbon footprint and intensity for each site.
In October 2022, Innowatts received the Frost & Sullivan 2022 North America Company of the Year Award for its innovative approach in the energy analytics industry. The company's AI-enabled SaaS platform delivers real-time, customer-centric energy analytics with high accuracy, helping power utilities and energy retailers become more predictive, proactive, and connected with their end consumers.
Key customers and partnerships
Innowatts has established a global presence with clients and operations across the Americas, Europe, and Asia. The company serves various energy providers, including grid operators and energy retailers. In a recent development, Innowatts announced a partnership with Therm to enhance retail energy solutions.

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

Zap Energy plans to build a compact, low-cost, and scalable fusion reactor using Z-pinch technology. The company’s sheared-flow stabilized (SFS) Z-pinch reactor stabilizes plasma using sheared flows compared to magnetic coils used by conventional Tokamak fusion reactors. An electric current is driven through the flow, creating a magnetic field, which confines and compresses the plasma long enough for fusion reactions to occur.&nbsp;Zap Energy’s reactor builds on work first pioneered by the FuZE team at the University of Washington and Lawrence Livermore National Laboratory. In June 2022, Zap Energy created the <a href="https://sp-edge.com/updates/11271">first plasmas</a> in FuZE-Q. The company claims that its technology is “the least expensive, most compact, most scalable solution with the shortest path to commercially viable fusion”. Zap Energy achieved thermonuclear fusion in 2018 and achieved the first plasmas on its FuZE-Q in May 2023. And as of March 2024, it is focusing on advancing the FuZE-Q.In June 2023, Zap Energy acquired liquidated assets from ICAR, a manufacturer of capacitors and power supply equipment, to support its manufacturing capability in proprietary repetitive pulsed-power technologies.Funding and financialsIn May 2023, Zap was awarded USD 5 million in federal funding from the Department of Energy for its pilot production facility. Prior to this, in <a href="https://sp-edge.com/updates/11271">June 2022</a>, the company raised USD 160 million in a Series C funding round led by Lowercarbon Capital. In May 2021, Zap Energy raised USD 27.5 million in a Series B funding round led by Addition to advance key technologies relating to its fusion reactor. The company previously raised USD 6.5 million in a Series A funding round in July 2020.

Antora Energy develops thermal energy storage solutions that convert and store renewable energy, such as wind and solar, as heat. Renewable energy generated is then used to heat up solid carbon blocks at high temperatures and is stored in Antora’s thermal batteries, providing heat of up to 2,400 °C. Antora's thermophotovoltaic technology can then be used to convert the heat into electricity.In <a href="https://sp-edge.com/updates/21953">September 2023</a>, Antora launched its first commercial-scale system at a facility in Fresno, California. Antora is developing a battery manufacturing facility in California that will be completed by 2024. Following this, the company intends to begin shipping its battery systems to clients in 2025.Funding and financialsIn <a href="https://sp-edge.com/updates/26957">February 2024</a>, Antora Energy raised USD 150 million in a Series B funding round led by Decarbonization Partners. The company intended to use the funds to scale the production of its thermal batteries in preparation for delivery to customers. Prior to this in <a href="https://sp-edge.com/updates/24143">November 2023</a>, the company received a grant of over USD 4 million from the California Energy Commission (CEC) and the Department of Energy’s Advanced Research Projects Agency-Energy. Antora intended to use the funds to scale up its thermophotovoltaic technology.In February 2022, Antora Energy raised <a href="https://sp-edge.com/updates/8550">USD 50 million</a> in a Series A funding round co-led by Breakthrough Energy Ventures and Lowercarbon Capital. The proceeds were used to commercialize Antora’s thermal energy storage solution at large industrial sites.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Li Industries is a developer of lithium-ion (li-ion) battery sorting and recycling technologies using machine learning and automation. The company offers two solutions: Smart Battery Sorting (SBS), and Direct Li-ion Battery Recycled (DLBR) technologies.The SBS solution is the company’s proprietary sorting method which uses machine learning to identify different kinds of battery chemistries and automates the process, allowing battery chemistries to be sorted and separated for recycling. The DLBR solution looks at safely discharging li-ion batteries, and separating battery components using its proprietary sorting method, after which it can regenerate cathode and anode waste to produce commercial-grade battery materials.&nbsp;As of August 2022, Li Industries planned to build a commercial battery sorting and recycling facility in the US, scheduled to open in 2023.Key customers and partnershipsIn April 2022, the company partnered with <a href="https://sp-edge.com/updates?industryIds=54">Call2Recycle</a>, a nonprofit organization operating recycling programs, to set up a lithium-ion battery recycling process using Li Industries’ technology, with plans to commercialize it in 2023.Funding and financialsIn August 2022, Li Industries had raised USD 7 million in a <a href="https://sp-edge.com/updates/12021">Series A </a>funding round led by Khosla Ventures to bring its battery sorting and recycling technology and operation to full scale.

Princeton NuEnergy (PNE) offers battery recycling solutions using its patented technology process called low-temperature plasma-assisted separation (LPAS). Its technology sorts, purifies, and regenerates cathode materials from used lithium-ion batteries. This direct recycling process can recover up to 95% of all constituent materials in lithium-ion batteries. The company claims that its production process uses 73% less energy and 68% less greenhouse gas emissions than the conventional cathode production process. In addition, the company aims to achieve 48% lower cost compared to virgin production of cathode materials.Key customers and partnershipsThe company, spun out from Princeton University in 2019, initiated <a href="https://sp-edge.com/updates/8976">commercialization efforts </a>in March 2022 through a partnership with electric industrial vehicle manufacturer Greenland Technologies Holding to develop recycling solutions for end-of-life lithium-ion batteries used in the latter’s vehicles. In October 2022, Princeton NuEnergy along with Winstron Greentech, a subsidiary of Taiwan-based Winstron Corporation, opened the <a href="https://sp-edge.com/updates/14062">pilot lithium-ion battery</a> (LIB) recycling production line in McKinney, Texas. The pilot plant can process up to 500 tons of LIBs per year and will use PNE’s proprietary low-temperature plasma-assisted separation (LPAS) recycling technology to process LIBs from consumer electronics and electric vehicle (EV) battery packs.&nbsp;Princeton is also working with leading scientists from Argonne National Lab, National Renewable Energy Lab, Oak Ridge National Lab, and the University of California Irvine, to advance and enhance the efficiency of its LPA.&nbsp;Funding and financialsPNE secured USD 16 million in a Series A funding round in <a href="https://sp-edge.com/updates/23553">November 2023</a> to be used to establish a new facility and bolster the company’s processing capacity. Earlier in <a href="https://sp-edge.com/updates/21712">September 2023</a>, the company was awarded a USD 4.4 million grant from the US Department of Energy (DOE) and the Office of Energy Efficiency and Renewable Energy (EERE) to advance Cathode-Active Materials (CAMs) manufacturing.

Riding together toward a sustainable future

Shared Mobility

Revel is a Brooklyn-based transportation company focused on accelerating electric vehicle (EV) adoption in cities through charging infrastructure and electric shared vehicle fleets. The company started with electric moped and e-bike rentals in 2018 and has since expanded into operating a fleet of electric rideshare vehicles and building EV fast charging "Superhubs" in New York City.
Revel's key offerings include an app-based electric rideshare service with a fleet of over 500 Tesla and Kia EVs operated by employee drivers, as well as a growing network of public fast charging stations. The company aims to provide the infrastructure needed for mass EV adoption, addressing the "chicken-and-egg" problem where lack of charging deters EV purchases and vice versa.
In 2021, Revel launched its flagship 25-stall Superhub in Brooklyn's Bedford-Stuyvesant neighborhood, claimed to be the largest universal public fast charging depot in North America. By the end of 2023, the company plans to open additional Superhubs across New York City's five boroughs, including a 60-stall station in Maspeth, Queens that will be the largest of its kind in the Western Hemisphere. These stations feature ultra-fast 150kW chargers and are open to all EV models 24/7 without parking fees or access restrictions.
Revel has raised over USD 165 million from investors including BlackRock, Toyota Ventures, and Shell Ventures to fund its charging network expansion. The company acquired the rights to build a 48-stall charging hub near LaGuardia Airport in March 2024, positioning it as a key enabler of New York City's Green Rides Initiative that mandates electric rideshare fleets by 2030.

Via is a technology company that provides on-demand transit solutions aimed at reducing congestion and promoting sustainability in urban areas. Its core offering is a rideshare service that groups passengers efficiently for shared rides, optimizing routes and utilizing advanced algorithms. Via's unique business model sets it apart from traditional rideshare platforms like Uber and Lyft, which primarily focus on individual rides.
Via's technology powers public transit agencies, municipalities, and private organizations across over 600 communities in more than 35 countries. The company's software suite enables transit planners and operators to optimize fixed bus routes, strategize the placement of new bike lanes, plan paratransit and school bus services, and seamlessly integrate private on-demand ridesharing into a city's overall transportation ecosystem.
In addition to its transit planning tools, Via operates a rideshare service directly aimed at consumers. This service utilizes a mobile app and algorithms to match nearby riders with similar destinations, allowing them to share a vehicle efficiently. By grouping passengers in this manner, Via's system aims to reduce the number of vehicles on the road and maximize earnings for drivers.
Via's rideshare service operates under different models, including "Flex Mode" and "Blue Mode." In Flex Mode, driver earnings are based on factors such as distance traveled, time spent driving, and surge pricing during peak hours. Blue Mode, on the other hand, offers drivers a consistent hourly wage, providing a stable income stream.
As of 2022, Via reported an annualized revenue run-rate surpassing USD 200 million, more than doubling since its previous financing round in November 2021.

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

California-based Cartken, founded by ex-Google engineers, develops AI-powered autonomous delivery droids (called “Model C”) operated via machine learning, rule-based programming algorithms, and multiple cameras for safe navigation. The startup targets curbside pickup, local deliveries, and campus deliveries. The company emerged from stealth <a href="https://sp-edge.com/updates/110">in March 2021 </a>(founded in 2019).Key customers and partnershipsCarkten has a product partnership with global contract manufacturer Magna International to manufacture its droids <a href="https://sp-edge.com/updates/12853">(September 2022).</a>The company’s deployment partners in the US include <a href="https://sp-edge.com/updates/110">REEF Technology </a>(for a trial in Miami, Florida), <a href="https://sp-edge.com/updates/8498">AC Hotel Miami Dadeland, </a>Uber Eats (for deliveries in <a href="https://sp-edge.com/updates/15373">Miami </a>and <a href="https://sp-edge.com/updates/17895">Fairfax, Virginia), </a>and <a href="https://sp-edge.com/updates/11051">Grubhub </a>(for university deployments). Its deployment partners in other geographies include <a href="https://sp-edge.com/updates/7943">Mitsubishi Electric </a>and <a href="https://sp-edge.com/updates/26771">Uber Eats </a>(for deliveries in Japan), <a href="https://sp-edge.com/updates/19843">DPD </a>(for deliveries in the UK), and <a href="https://sp-edge.com/updates/18951">REWE </a>(for deliveries in Germany).

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

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 Aurora Innovation (Aurora) is an autonomous vehicle technology startup providing autonomous vehicles under two divisions, namely &ldquo;Aurora Horizon&rdquo; (its autonomous trucking service) and &ldquo;Aurora Connect&rdquo; (its autonomous ride-hailing service). Both are powered by the company&rsquo;s self-driving technology &ldquo;Aurora Driver,&rdquo; which is equipped with a hardware kit that includes a computer, proprietary &ldquo;FirstLight Lidar,&rdquo; radar, and cameras, as well as a software platform that features perception, motion planning, mapping, and simulation systems to understand its environment.
 
 
 Aurora has operations in cities including the Bay Area (California), Bozeman (Montana), Dallas (Texas), Detroit (Michigan), Louisville (Colorado), Pittsburgh (Pennsylvania), and Seattle (Washington). It launched its first commercial-ready truck route connecting Dallas and Houston, Texas in 
 <a href="https://sp-edge.com/updates/23374">
 November 2023.
 </a>
 However, Aurora laid off 3% of its workforce (about 53 employees) 
 <a href="https://sp-edge.com/updates/25865">
 in January 2024,
 </a>
 to boost the commercial launch efficiency of its autonomous trucking business.
 
 
 Aurora planned to provide the service to customers on a subscription-based delivery-as-a-service business model, charging a fee per mile. As of January 2024, the company intended to launch the service commercially in late 2024 and start mass producing trucks by 2027.
 
 
 Aurora&rsquo;s complementary acquisitions include Uber&rsquo;s self-driving car unit, Advanced Technologies Group (ATG; December 2020), to complement its autonomous technology development and LiDAR startups Blackmore (May 2019) and OURS Technology (February 2021) to expedite and complement its LiDAR development process.
 
 
 Aurora was listed on the Nasdaq in November 2021 by 
 <a href="https://sp-edge.com/updates/4258">
 merging with a special purpose acquisition company (SPAC),
 </a>
 valuing the combined entity at USD 13 billion. The company did not generate revenue in 2023 and reported an operating loss of USD 835 million for the year.&nbsp;
 
 
 Key customers and partnerships
 
 
 Aurora&rsquo;s partners to pilot its technology include logistics companies such as 
 <a href="https://sp-edge.com/updates/9619">
 Werner Enterprises,
 </a>
 
 <a href="https://sp-edge.com/updates/18176">
 Hirschbach,
 </a>
 
 <a href="https://sp-edge.com/updates/10521">
 FedEx,
 </a>
 
 <a href="https://sp-edge.com/updates/30781">
 Uber Freight,
 </a>
 and 
 <a href="https://sp-edge.com/updates/11986">
 Schneider.
 </a>
 
 
 Its product partners include OEMs, such as Volvo (March 2021; a production-ready version unveiled 
 <a href="https://sp-edge.com/updates/29593">
 in May 2024)
 </a>
 and PACCAR (January 2021) to jointly develop autonomous trucks, fleet service partner 
 <a href="https://sp-edge.com/updates/14317">
 Ryder
 </a>
 (November 2022), and hardware and service partner 
 <a href="https://sp-edge.com/updates/18085">
 Continental
 </a>
 (April 2023).
 
 
 
</div>

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

Norway-based CHOOOSE offers carbon offsetting solutions for both individuals and businesses in the travel industry.MY CHOOOSE is a subscription-based platform that allows individual users to instantly offset their personal carbon footprint with Climate Positive, Climate Champion, and Climate Hero subscriptions which allows users to offset 1x, 2x, and 4x, respectively, of the average carbon footprint of an individual—around 5,000 kg (11,000 lbs) per year.WE CHOOOSE is a SaaS-based solution that allows businesses to integrate CHOOOSE application programming interfaces (APIs) with their existing digital platforms to offer customers the option of offsetting the carbon footprint of a particular transaction at the checkout point by paying extra.Key customers and partnershipsCHOOOSE lists Santander, Heathrow Airport, Bidroom, Sky Scanner, SkyNRG, Lonely Planet, <a href="https://sp-edge.com/updates/9924">Avianca </a>, Air Canada, <a href="https://sp-edge.com/updates/13990">Booking.com, Iberia </a>, <a href="https://sp-edge.com/updates/16692">JetBlue </a>and <a href="https://sp-edge.com/updates/21309">Pegasus Airlines </a>as some of its top business customers. In October 2023, the company partnered with <a href="https://sp-edge.com/updates/22819">Rubicon Carbon </a>to combine CHOOOSE’s SaaS platform with Rubicon Carbon’s portfolio of carbon solutions. In November 2023, CHOOOSE partnered with <a href="https://sp-edge.com/updates/23764">Flexport </a>to reduce the carbon emissions in air cargo through the purchase of sustainable aviation fuel (SAF). Following that, the company collaborated with <a href="https://sp-edge.com/updates/24159">Alaska Airlines </a>to reduce travel-related carbon emissions by enabling the latter's customers to purchase carbon offsets. In January 2024, CHOOOSE partnered with <a href="https://www.chooose.today/insights/chooose-partners-with-bp-to-expand-lower-carbon-product-offering">bp </a>, to expand its carbon product offering and extend its platform to other hard-to-abate sectors, including freight forwarding and shipping. As part of the partnership, bp also plans to make a strategic investment in CHOOOSE.Funding and FinancialsCHOOOSE’s most recent funding was in January 2023, when it raised EUR 13.8 million (USD 15 million) in a <a href="https://sp-edge.com/updates/15696">Series A funding </a>round co-led by GenZero and SOUNDWaves. Previously, in February 2022, the company raised USD 3 million in a venture round. In July 2021, the company raised USD 4 million in a seed funding round led by Shell Ventures.

Buy Now, Pay Later

Bumper (formerly Auto Service Finance) provides customers interest-free BNPL solutions for vehicle repairs, accessories and parts through its platform up to GBP 3,000 (approx. USD 4,132)in exchange for a transaction fee from merchants. Bumper uses a machine learning-enabled automotive scorecard to assess credit by accessing dealership APIs to source customer information. Applying for financing through Bumper has no impact on users’ credit scores.Key customers and partnershipsAs of December 2021, Bumper was used by nearly 60% of the franchised UK dealer market (3,000+ locations), and it has partnered with leading OEMs including Volkswagen Group, Ford, Jaguar Land Rover, and Nissan, and also integrates with repair quotation tools.Funding and financialsIn its most recent funding round in <a href="https://sp-edge.com/updates/15039">November 2022 </a>, Bumper raised GBP 26.1 million (~USD 32 million) in an extended Series A funding round. It planned to use the funds for the company's operations in key target markets, such as the UK, Spain, Germany, and Ireland, and continuous expansion across Europe. Additionally, the company also intended to pursue its R&amp;D initiatives in Turkey.

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

Avnos develops Hybrid Direct Air Capture (HDAC) technology for carbon dioxide (CO2) removal. The company’s proprietary HDAC technology produces 5–10 tons of water for every ton of CO2 captured. The HDAC process employs the captured water to drive a novel moisture-responsive CO2 adsorbent material, instead of a thermal adsorbent, which eliminates the need for heat. As of July 2023, the company was developing two pilot projects with support from the US Government.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/23536">November 2023</a>, Avnos started its first commercial pilot project for HDAC in California in collaboration with Southern California Gas Company (SoCalGas) and supported by funding from the US Department of Energy. In <a href="https://sp-edge.com/updates/28047">March 2024</a>, the company partnered with Deep Sky, a Canadian carbon removal project developer, to pilot an HDAC air handling unit (AHU) at Deep Sky Labs in Quebec, Canada, with the capacity to remove 450 tons of CO2 per annum. This project will be Avnos' first deployment outside of the US.Funding and financialsThe company’s most recent funding was in February 2024, when it raised <a href="https://sp-edge.com/updates/26355">USD 36 million </a>in a Series A funding round led by NextEra Energy Resources. Previously in July 2023, the company raised USD 80 million in a venture round led by ConocoPhillips, JetBlue Ventures, and Shell Ventures. The proceeds were to be used to deliver commercial-ready HDAC units in North America and Europe by the end of 2025, and to open a new 20,000 square feet R&amp;D facility outside of New York City.

Information to create a more efficient, cleaner and safer way to travel in the city of the future

Smart Mobility Information

Via began as a transport company providing a shuttle service with a fleet of vans in Washington DC and New York. The service employed a mobility platform it developed known as Transit Tech, a complete mobility management system, which it began offering to cities as a software-as-a-service (SaaS) platform in 2012 and has since become the firm’s core business focus.What sets Via apart is the wide range of use cases offered by its platform, including public transit, paratransit (mobility for differently-abled individuals), student and university transit, corporates, healthcare providers, and logistics. In addition, Via offers a number of solutions to extend the capabilities of its platform including fleet and driver management, advertising and marketing as well as driver and rider customer support.The firm has leveraged acquisitions to enhance its services and extend its capabilities. These include 1) REMIX, a transport mapping tool, which introduced a new product for transport authorities for transit management (November 2021), 2) <a href="https://sp-edge.com/updates/15161">Remix Scheduling, </a>an intelligent scheduling software for transit agencies (December 2022) and 3) Fleetonomy, an AI-based fleet management solution, which the firm used to expand into the logistics and delivery space. More recently, in March 2023, the company acquired <a href="https://sp-edge.com/updates/17153">Citymapper, </a>a UK-based leading transport planning app.Key customers and partnershipsAs of July 2024, it was used by more than 700+ communities across 50+ countries. Its partners to launch on-demand public transit services include,<a href="https://sp-edge.com/updates/32616"> Jersey City (US; August 2024),</a> <a href="https://sp-edge.com/updates/31355">Lorain County Transit</a> (US; July 2024), <a href="https://sp-edge.com/updates/31209">the City of Gastonia</a> (US; July 2024), <a href="https://sp-edge.com/updates/30867">Trinity Metro</a> (US; June 2024), <a href="https://sp-edge.com/updates/22308">Nobina and Din Tur</a> (Sweden; September 2023), <a href="https://sp-edge.com/updates/21129">Area Transit</a> (US; August 2023), <a href="https://sp-edge.com/updates/18554">Autoguidovie</a> (Italy; May 2023); <a href="https://sp-edge.com/updates/15908">the Toledo Area Regional Transit Authority</a> (US; January 2023), <a href="https://sp-edge.com/updates/13396">May Mobility</a> (September 2022), <a href="https://ridewithvia.com/news/chino-city-japan-launches-ai-based-microtransit-service-with-via-to-achieve-its-five-key-public-transportation-goals#:~:text=Sept.,demand%2Dresponsive%20shared%20ride%20service.">Chino City</a> (Japan; September 2022).

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 Aurora Innovation (Aurora) is an autonomous vehicle technology startup founded by former Google, Tesla, and Uber executives. It provides autonomous vehicles under two divisions, namely &ldquo;Aurora Horizon&rdquo; (its autonomous trucking service) and &ldquo;Aurora Connect&rdquo; (its autonomous ride-hailing service). Both are powered by the company&rsquo;s self-driving technology &ldquo;Aurora Driver.&rdquo; Its 
 <a href="https://sp-edge.com/updates/5203">
 &ldquo;Fusion&rdquo;
 </a>
 next-generation hardware kit improves the decision-making speed and accuracy of Aurora Driver and enables autonomous vehicles to operate in varying weather, including rain, snow, and fog. The company also has its own LiDAR sensor system, &ldquo;FirstLight,&rdquo; integrated into its Aurora Driver technology. The company plans to provide the service to customers on a subscription basis (driver-as-a-service) once commercialized.&nbsp;
 
 
 
 
 Aurora received permission from the Pennsylvania Department of Transportation (DOT) to test vehicles with a safety driver within the state in October 2018 and received the same permission from the California Department of Motor Vehicles (DMV) in January 2020. The company is testing its autonomous cars in areas such as Palo Alto and San Francisco in California, Pittsburgh in Pennsylvania, and Dallas in Texas&mdash;where the operation of self-driving vehicles is legal.&nbsp;
 
 
 
 
 Aurora also acquired Advanced Technologies Group (ATG), Uber&rsquo;s self-driving car unit in December 2020, to complement its autonomous technology development. As part of the transaction, upon transferring ATG to Aurora, Uber invested USD 400 million in Aurora. It had also acquired two LiDAR startups, namely Blackmore (May 2019) and OURS Technology (February 2021) to expedite and complement its LiDAR development process.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 The company has product development partnerships with Hyundai (April 2018), Toyota and its auto parts subsidiary Denso (February 2021), and Amazon Web Services (December 2021).&nbsp;
 
 
 
 
 Funding and financials
 
 
 Aurora has been listed on Nasdaq since November 2021, 
 <a href="https://sp-edge.com/updates/4258">
 via a merger
 </a>
 with a special purpose acquisition company (SPAC), which valued the combined entity at around USD 1.3 billion (July 2021). 
 <a href="https://sp-edge.com/updates/20250">
 In July 2023,
 </a>
 Aurora raised USD 820 million through a mix of a public offering (USD 220 million) and a private placement (USD 600 million). 
 Aurora didn&rsquo;t report any revenue for the year ended December 2023 (as opposed to a revenue of USD 68 million in 2022). It reported an operating loss of USD 835 million for the year. 
 
 
 
</div>

Technologies that automate and optimize building operations using data-driven insights.

Smart Building Technology

GridPoint offers a comprehensive energy management platform designed to enhance efficiency and reduce operational costs for commercial buildings. The company's technology solution enables precise metering and monitoring of energy usage across individual assets, sites, or an entire portfolio of facilities. GridPoint's platform incorporates features such as asset control, energy optimization, and automated demand response mechanisms. Through remote monitoring and control capabilities, the system facilitates real-time diagnostics, automated scheduling, and adjustment of energy-consuming devices like HVAC systems and lighting. This intelligent management approach helps curtail unnecessary energy consumption, particularly during peak periods, thereby optimizing operational expenses. GridPoint's decentralized network and aggregated capacity enable instantaneous flexible capacity, allowing utilities to leverage buildings as a resource for grid balancing and enhancing resiliency. The company has been operating in the energy management domain for two decades, with expertise in executing demand response events and enrolling commercial sites into utility programs.

Deriving insights from uncommon data streams

Alternative Data

AiDash is a climate tech startup that provides solutions to optimize and digitize operations and maintenance for critical infrastructure such as electricity, gas, and water networks. The company utilizes a combination of high-resolution satellite imagery and artificial intelligence (AI) models to identify potential risks to power lines from vegetation growth, encroaching trees, and weather events. Its technology helps utility companies prevent wildfires caused by vegetation overgrowth, enhance grid reliability, and improve maintenance cost efficiencies.
AiDash's AI models scan satellite images to detect changes or issues along electric transmission lines, enabling timely interventions. The company claims its technology can reduce the number of vegetation-caused power outages during storms by 15%, boost grid reliability by 5% to 15%, and improve operations and maintenance cost efficiencies by 10% to 20%. AiDash's solutions also assist companies in complying with biodiversity reporting regulations, such as those in the UK.
Major utility companies like National Grid US Service Company Inc. have reported measurable improvements in reducing the number and duration of outages since using AiDash's tools to identify maintenance priorities. The company's technology has been adopted by over 150 customers worldwide, including several Fortune 500 investor-owned utilities in the US, Canada, and the UK.
In January 2024, AiDash secured USD 50 million in Series C funding led by Lightrock, reflecting Silicon Valley's efforts to develop products that help energy companies adapt to climate change. The funds will be utilized to expand the company's reach, including the establishment of a European headquarters. In May 2024, AiDash raised an additional USD 58.5 million in a Series C round led by Lightrock and Lightsmith Group, with participation from strategic investors such as Marubeni Corporation, Duke Energy, National Grid, and Edison International.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Akselos develops digital twin solutions for maintaining and monitoring large-scale assets for the energy industry. The company’s engineering simulation technology is based on its patented algorithm to enable 3D modeling, which it claims is 1,000x faster and 10x more accurate than conventional methods.&nbsp;The company provides services to the energy industry in various sectors, mainly 1) offshore and onshore wind focused on modeling the entire wind farm, 2) upstream analysis to maintain and monitor the assets, 3) downstream analysis for predictive and prescriptive maintenance, and 4) offshore oil and gas.&nbsp;Key customers and partnershipThe company operates a B2B business model with customers in over 40 countries. Its key customers include Stiesdal, Shell, RWE, and Worley.&nbsp;In September 2023, the company partnered with <a href="https://sp-edge.com/updates/21998">Yinson Production and Enauta</a> to deploy Akselos' digital twin technology on the floating vessel, Atlanta FPSO, in Brazil's Santos Basin.Further, in April 2021, the company also entered a distributor agreement with Worley to expand the digital twin solution to the energy, mining, environmental, and general industries. Also in 2020, the company entered a distributor agreement with Lamprell, a construction firm for oil and gas industries, to provide the digital twin platform to Lamprell’s customers.&nbsp;Funding and financialsThe company raised USD 16.5 million in May 2022 in a venture funding round with participation from AT Capital Group, Future Energy Ventures, Japan Energy Fund, and Shell Ventures. The funds were allocated toward global expansion, including increasing staff and advancing its solutions.

Augmenting the mining value chain with technology and automation

Mining Tech

Osperity offers an Intelligent Visual Monitoring solution for industrial companies, particularly in the mining and utility sectors. The company's cloud-based platform leverages artificial intelligence and computer vision technology to analyze visual data from remote sites. Osperity's system is designed to help businesses reduce operational costs, mitigate safety and environmental risks, and increase productivity through virtual asset inspections. The platform manages visual sensors at scale, processes large volumes of visual data, and distributes personalized, actionable information to end users.
Key features of Osperity's solution include automated activity monitoring, autonomous scheduled inspections, and exception-based alerting. For mining companies, the platform can track and alert on the movement of vehicles, equipment, and people entering or leaving a site. In the utility sector, Osperity's technology aids in realizing Environmental, Social, and Governance (ESG) mandates through various applications such as optical detection of fire, smoke, and excessive heat, methane and fugitive emission detection, and remote autonomous inspections.

InsurTech: Infrastructure

Humn.ai, based in the UK, is an InsurTech firm providing insurance solutions for the commercial auto industry. Under its fleet insurance product Rideshur, Humn.ai provides data-driven fleet insurance for fleets, drivers, and brokers. This covers public and private hire, courier, general fleet, and the public sector. It also includes a soon-to-be-launched cover for haulage, waste, bus and coach, self-drive hire, private ambulance, hazardous goods, and emergency services. Humn.ai’s RiskOS product offers risk assessment services to power Rideshur, leveraging machine learning to collect and process data generated by drivers and providing real-time risk assessment to determine fair-rate insurance premiums for fleets.

Mantel proposes a method to trap CO2 before it enters the atmosphere.

Sunswap is pioneering the future of zero-emission cold chain transportation. Their proprietary, patent-pending technology integrates solar, batteries, and electric refrigeration into a single high-performance unit. This is helping bluechip customers like DFDS and Samworth Brothers, and trial partners such as FMCG giant Muller, eliminate diesel pollution and costs. Sunswap is on a mission to decarbonise cold transportation.

FreshBus is an electric bus startup that plans to launch premium intercity electric bus services throughout India.

Cartken is a delivery robot developer that specializes in transporting items over small distances and within neighborhoods. The company's robots are outfitted with several sensors and cameras that allow them to stop on a dime to prevent collisions and choose the least hazardous routes. They also provide a quick deploy option that does not require integration, making it extremely simple to get started.

Strohm is a private supply chain company, focused on the offshore wind-to-hydrogen sector.

MIRICO leads the way in high performance gas sensing intelligence using unique Laser Dispersion Spectroscopy (LDS) in any weather conditions to transform productivity and deliver a positive impact on the environment. Located in a brand new, purpose built facility on the Harwell Science & Innovation Campus near Oxford, UK, MIRICO is a spin out from the Laser Spectroscopy Group at the STFC Rutherford Appleton Laboratory. The company was established in December 2015. MIRICO’s specialist team of experts are actively designing and developing LDS to set new standards for gas sensing in challenging measurement conditions for targeted applications.

Avnos is commercializing technology to capture CO2 without consuming water, producing water for every ton. The company uses water to capture CO2, eliminating heat consumption and reducing costs.

AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using our full-stack SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction are transforming asset inspection and maintenance - and complying with biodiversity net gain mandates and carbon capture goals. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and achieved sustainability goals. Learn more at www.aidash.com.

Alt Mobility is a electric vehicle as a service (EVaaS) company that provides EVs on lease and structured financial solution for the electrification of commercial fleets  for intra-city logistics.

Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’.  The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023).  By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Bumper is a payment platform for car dealerships. The company specializes in a vehicle finance platform crafted to assist drivers in managing the expenses of their repairs and servicing. Their platform prioritizes flexible payment alternatives, collaborates with accredited repair professionals, and streamlines paperwork processes, allowing drivers to finance their repair expenses through interest-free installments.

Validation of soil carbon capture and storage for farms & carbon markets

Ionomr is pioneering and commercializing the world's most advanced ion-exchange materials. These provide an enabling platform for clean tech solutions after more than five decades of stagnation in available materials. Using our deep knowledge of scalable electrochemical systems, we enable more efficient systems that will lead to the decarbonization of the planet for future generations. To date, electrochemical applications in the clean tech realm use materials that contain toxic fluorinated chemicals (PFCs). PFCs leach into water sources and bioaccumulate for hundreds of years, having a dire impact on human health and the entire ecosystem. We are driven to replace these materials with our environmentally friendly hydrocarbon alternatives that reduce pollution at the source, and are proven to be more durable and efficient than incumbent materials. Ionomr's membranes and polymers are highly processable, which allow for simple integration into electrochemical systems. We enable optimal performance in applications for chemical & water remediation, energy storage and hydrogen. We are passionate about empowering the development of resilient and sustainable systems that will underlie the future of the renewable energy and circular chemical economies.

Tsing Standard builds a domestic intelligent electric vehicle full life cycle testing platform. The company offers a set of R&D platforms, testing apparatus, after-sales tools, and testing to vehicle manufacturers, parts manufacturers, R&D institutions, and end users throughout the entire life cycle of smart electric vehicles, including R&D, production, and after-sales. Due to the lack of testing technology and tools in the rapid transformation of electrification, intelligence and networking, and other key links are constrained, the problem of iterative product optimization, production quality control, and after-sales capacity building is resolved by the overall solution of service, data service, and after-sales service in the automotive industry.

Princeton NuEnergy is a clean-tech startup that focuses on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Princeton NuEnergy's patented Direct Battery Recycling technology produces high-quality and high-value-added cathode active materials with low operating costs from spent lithium-ion batteries and delivers sustainable energy and environmental solutions.

Husk Power Systems (''Husk'') owns, builds and operates solar-hybrid microgrids that serve off-grid and weak-grid communities in rural Sub-Saharan Africa and South Asia. It provides its business and residential customers with 100% renewable electricity and access to energy efficient appliances. In the process, it is contributing to climate resilience while also avoiding a significant amount of emissions from diesel generation. Husk has more than 200 minigrids in operation, the largest fleet in the world. The company is a catalyst for economic growth and social well-being, helping rural communities increase incomes and create employment by starting or expanding microenterprises and running electricity-operated machines that increase productivity. It also provides reliable power to local clinics and schools and education, improving healthcare and educational outcomes.  Husk Power Systems was founded by co-founded by CEO Manoj Sinha in 2008 and is based in the United States, with operations in India and Nigeria.

Kateri is a carbon producer that helps to unlock the potential of grasslands to build natural capital and unlock market driven regeneration.

XCHARGE is a leading High Power Charging solutions provider founded in 2015. From design to R&D, from manufacturing to sales, from solutions to maintenance, XCHARGE thrives to enable charging capacity to energy companies, fleet owners, and parking lot operators worldwide. We apply ''Hardware + Software'' system to make a real difference to EV charging experience. XCHARGE's evolved from the idea to help our client maximize charging revenue, while minimizing maintenance costs. Together with our partner relationships, we are present in more than 25 countries.

Kraftblock is the energy storage, based on a bottom-up materials-development, which enables the energy transition to 100% renewables in an ecological and economical sensfull way. Reducing emissions is the DNA of Kraftblock. We specialize in solutions for industries to decarbonize their heat processes. Our motivation is the need for solutions that enable a future for mankind on planet earth. The climate crisis is the biggest challenge, humanity must face. Therefore, Kraftblock was founded, therefore people work for us: to fill the need for a solution that is the key to energy transition. Because of Kraftblock’s specifically developed material regarding efficiency and sustainability, Kraftblock can store and provide heat up to 1300°C, enabling numerous industrial applications that were not possible with conventional thermal storages.

Verdagy is revolutionizing water electrolysis technology to facilitate large-scale green hydrogen production. Their solution achieves the lowest upfront capital costs and offers a competitive unit economics for production. Located in Moss Landing, California, Verdagy operates laboratory and pilot plant facilities to advance and rapidly scale its technology platform.

Kongsberg Gruppen (KONGSBERG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries.

DexMat is the maker of Galvorn, a conductive carbon nanomaterial that outperforms GHG-intense alternatives. 10x stronger than steel, half the weight of aluminum, and 100x the flex life of copper, the combination of these historically valued properties allows customers to reimagine the products they build. Made in America and carbon-negative at scale, our mission is to drive the next industrial revolution by making dirty metals and materials obsolete. Available today in the form of fiber, yarns, films, and fabrics, when adopted at scale across industries such as sporting goods, e-textiles, wires and electronics, energy, aerospace, and automotive, Galvorn represents a multi-gigaton carbon reduction opportunity.

Get Spiffy is an on-demand car wash and detailing service. A team of experienced Triangle, NC entrepreneurs are building the World's first on-demand smartphone-powered technology-enabled mobile car wash and detailing service. The app is used for both communication and payment. Additionally, Spiffy is highly concerned about the environment, and all of its washes are eco-friendly.

CHOOOSE APIs and software to offer climate compensation and biofuels at check-out, in-app, or anywhere they meet their customers. They bring together everything that is required to integrate climate action into their customer experiences. Its platform has dozens of trusted, pre-vetted climate solutions ready to integrate into all types of climate programs.

Designed for gigaton-scale deployment, RepAir is leading the transition to a carbon-negative future with the most impactful and efficient carbon removal solution that prioritizes, first and foremost, environmental sustainability. Our fully electric, zero-heat technology uses minimal energy, operates without liquids or solvents, and produces no hazardous materials or waste.

Mainspring Energy is engineering advanced technology by developing a prototype of a linear generator that converts fuel to electricity. Mainspring was founded in 2010 by three Stanford engineers- Shannon Miller, Adam Simpson, and Matt Svrcek.  Today Mainspring brings together a diverse, talented team of individuals who share the vision to address the growing threat of climate change and the need for affordable electricity for all.

Flair makes smart vents and wireless thermostats and advanced software for residential heating and cooling. The company builds smart hardware and software for HVAC controls focused on efficiency, comfort, electrification, and smart grid integration. The company's products are sold through multiple channels including direct to consumer, HVAC distribution, and utilities.

Li Industries is a start-up company focusing on developing the next generation of lithium-ion battery recycling technologies.

Aurora Hydrogen is developing the next generation of hydrogen production technology.

Brill Power is a clean-tech platform that develops cutting-edge battery management technology to increase the lifetime performance of lithium-ion battery packs.  Founded in 2016, the company is headquartered in Oxford, England.

Detect Technologies is a leading Industrial AI & SaaS enterprise that is reimagining global industrial productivity with novel AI architecture and hardware. Detect employs a combination of state-of-the-art proprietary technologies and deep industry expertise to increase productivity through increased schedule certainty, enhanced resource visibility through real-time intelligent monitoring, decreased in-service equipment failure, increased estimated life of an asset through predictive maintenance, and automation of compliance to international safety standards. Detect Technologies was established in 2016 by Daniel Raj David in Chennai, Tamil Nadu.

Statiq is an electric vehicle charging network that allows customers to find the closest charging station, book a slot, and pay online. Statiq creates and aggregates its own smart EV chargers as well as other public EV chargers. Founded in the year 2020 by Akshit Bansal and Raghav Arora and is based in Gurgaon, Haryana, India.

Zap Energy's fusion technology stabilizes plasma using sheared flows rather than magnetic fields. Driving electric current through the flow creates the magnetic field, which confines and compresses the plasma. The higher the current, the greater the pressure and density in the plasma. The flow-stabilized Z-pinch approach provides compelling fusion economics and requires less capital than conventional fusion technologies.

Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Akselos is the creator of the world’s most advanced digital twin technology. Founded in 2012 and with operations in Europe, the USA, and South East Asia, the company’s products are designed specifically to help protect the world’s critical infrastructure with next-generation simulation technology. Akselos Integra® has the power to revolutionize how we design and manage our critical structures and pushes past the boundaries of what modern engineering and data analytics can achieve. With patented algorithms that are up to 1000 times faster than anything else on the market, it’s the only simulation software that can build an accurate and detailed model of large-scale operational assets and run those simulations using only a portable computer. We have some of the world’s best mathematicians and computer scientists on our team and we’re working towards a vision of preventative maintenance and zero unplanned downtime through smart and connected assets. Our vision combines our super-fast, physics-based, digital twins with sensors and big data analytics as essential elements of what we call a Digital Guardian - giving you access to your asset’s condition in real time and a window into the future.  We apply the best in digital technology to bring value and efficiency to customers in all asset-centric industries.  Find out more www.akselos.com

South 8 is driving the future of e-mobility with lithium-ion battery innovations. The company pioneered LiGas®, a liquefied gas electrolyte that dramatically improves the energy performance of lithium-ion batteries for next-generation EVs and other industrial applications. Headquartered in California, the company is led by a team of battery technology experts and supported by investors that include Anzu Partners, LG, Lockheed Martin, Shell, Porsche, Taiyo Nippon Sanso and Foothill Ventures. Learn more: www.south8.com

Rapido is a platform where people can book a bike ride through a mobile app while traveling solo. The company's mission is to bring people traveling in a similar direction together, thereby reducing the number of vehicles on the road. This not only helps reduce traffic but also carbon footprints and air pollution. It further augments the concept of not owning everything by creating viable and accessible options to share. Rapido was founded in 2015 and is headquartered in Bengaluru, India.

Vence makes a hardware solution for cattle which when combined with their application software allows farmers to remotely manage/control their livestock. Their solution increases the utilization of the available grasses (increased the number of animals on a farm), removes costs associated with fencing (hardware/ maintenance costs/ labor) and eliminates labor associated with moving the animals.

Masabi is the global leader in transport mobile ticketing and payments. The company’s award-winning JustRide platform is a cloud-based, deployment-proven, end-to-end mobile ticketing and fare collection system.   It consists of services for ticket purchase, display and inspection, together with back-end infrastructure for secure payments, ticket management, customer service, reporting and real-time analytics. Masabi’s technology signals the end of ticket lines, lost tickets and fumbling for cash by allowing passengers to quickly and securely buy and display tickets on their mobile phones.   Masabi’s scalable cloud-based technology is operational with over 25 transport agencies and operators round the world, including: Virgin Trains, Arriva, Abellio, Thames Clippers, Boston’s MBTA, LA’s Metrolink, Transport for Athens, NICE Bus New York and launching with New York’s MTA in 2016. The company has offices in New York, Boston and London.

GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics, and cloud computing to maximize energy savings, operational efficiency, capital utilization, and sustainability benefits. GridPoint’s integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software, and professional services can generate 10-30% energy savings and an 18-36 month payback.

In America's dense cities, EV adoption is stuck in neutral. Reliable charging access is scarce, so drivers can't comfortably switch to EVs. And without enough EVs on the road, charging developers can't justify investing in costly urban cores.  Revel is solving this problem through a combined EV infrastructure and rideshare business, bringing captive demand for fast charging in the most active ride-hailing markets. Today, Revel is the leading provider of public fast charging in New York City, and is undergoing an expansion to quadruple its NYC footprint in 2025 and develop sites in the Bay Area and Los Angeles. Revel also operates the country's only all-electric rideshare service with 550 EVs, which has provided 3 million rides to New Yorkers since 2021, offsetting 6 million kilograms of carbon emissions. The company was founded in 2018 and is headquartered in Brooklyn, New York.

Noova helps customers monitor consumption patterns, both day and night, in order to uncover illogical consumption or areas where it is possible to use energy smarter.

Antora Energy delivers zero-carbon industrial heat and power to heavy industries that are more reliable than fossil fuels. Antora’s thermal energy storage soaks up excess solar and wind electricity and uses it to heat blocks of carbon so they glow like inside a toaster.

Innovate chemistry, materials & design using commonly available, eco-friendly materials to built efficient & safe batteries for the sustainable future.

Heaten is an industrial start-up, tackling one of the most difficult problems for numerous industries, namely, to accelerate the electrification of heat with the prospect of deep-decarbonization, while providing viable roadmaps, both technically and economically to rapidly de-carbonize industrial heating processes.   Heaten is a start-up with an 8 years R&D history in heat-to-power (Organic Ranking Cycle) and power-to-heat machines (heat pump). Our technology platform and knowledge are leading the efforts to deliver process temperatures of currently realized 165 degrees Celsius which covers 30% of the energy demand of all industrial heating processes, equivalent to a €39billion TAM in the EU-28 market only. Heaten's technology platform can achieve up to 400 degrees Celsius (R&D roadmap).    Heaten AS has gone through the full cycle of R&D, prototyping, engineering, and design to successfully deliver 200kW heat pumps and industrial equipment to a customer. We are now looking to scaling the existing platform to meet industry needs and staying ahead of the competition by leading R&D and secure IP into medium-temperature process heat.

ZeroAvia is a British and American aviation company founded in 2017 by Val Miftakhov, who also founded the electric vehicle battery startup eMotorWerks. Before founding ZeroAvia, eMotorWerks was acquired by international energy conglomerate Enel. A licensed pilot, Miftakhov saw an opportunity to pursue his dream of flying airplanes while also electrifying them and completely transforming commercial transportation. ZeroAvia developed a vision to serve as a responsible steward of the environment by bringing hydrogen-powered aircraft to the market. The hydrogen-electric powertrain technology vastly reduces carbon emissions and reduces noise, all while lowering fuel and maintenance costs for airlines. For ZeroAvia's promising HyFlyer I project, the European Marine Energy Centre (EMEC) delivered the fueling systems necessary for test flights as well as infrastructure designed for airports. The HyFlyer II project will carry more passengers and fly up to 500 miles, with the ambitious goal of seating up to 100 passengers and traveling more than 1,000 miles by 2030. As consumer preferences shift toward other methods of travel due to concerns about sustainability, and with the airline industry battered by the COVID-19 pandemic, ZeroAvia is capitalizing on the need for carbon-free transportation options. British Airways has formed a partnership with ZeroAvia to achieve its net-zero goal by 2050. Upon receiving $21.4 million in series A funding in conjunction with $16.3 million in grant funds from the UK government from the Aerospace Technology Institute (ATI), ZeroAvia has raised $49.7 million from inception to bring hydrogen fuel cells to the market by 2023.

At TRAVIS we believe in data-driven Road Services: in the near future smart (autonomous) vehicles will automatically Find, Book and Pay the best available Road Services based on real time data. Our online B2B marketplace is the easiest way for Transport Companies to connect with Road Service Providers such as Truck wash, Tank cleaning, Truck Parking and Truck Repair. By using TRAVIS, carriers and drivers can (automatically) find, book and pay the best available road services. This results in optimized driving times, less fuel consumption, less administrative hassle.

Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations.  Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels.  This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs.

AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications utilize petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks. Established at Stanford University in 2011, they have assembled a team of world-class software architects, electrical and computer engineers, data scientists and energy experts who apply cutting-edge analytics and in-depth energy data science to solve the world’s most critical energy problems.

Humn is transforming the insurance industry by connecting data to make insurance smarter. We apply machine learning to traditional insurance models to create data-driven solutions for real-world fleet management problems. By combining multiple data streams, our platform creates accurate risk models that evolve in real time and price insurance premiums for each completed trip. It’s the future of fleet insurance.

Ample utilizes autonomous robotics and smart-battery technology to solve the energy delivery challenge for electric transportation. It created an economical, rapidly deployable, and widely accessible platform that delivers a full charge to any electric car in minutes. The aim is to make it possible to have “Electric Cars for Everyone”.  It was founded in 2014 and is based in San Francisco, California.

Ravin uses completely autonomous artificial intelligence to inspect vehicles using everyday mobile or stationary cameras, creating trust in car rental, sharing, sales and insurance.

LO3 Energy is a technology and business development consulting firm with a focus on emerging decentralized business models. The company builds tools and develops projects to support and accelerate the proliferation of the distributed energy, utilities, and computation sharing economy of the future.

Cumulus Digital Systems is a startup building an Internet of Tools-powered platform to make industrial facilities safer.

GreenCom Networks is a leading energy IoT company, with offices in Munich, Germany, and Sophia-Antipolis, France. Since 2011, GreenCom has been developing the energy system of the future. Using its Energy Information Brokerage Platform, GreenCom integrates distributed assets like Solar PV, battery storage, electric vehicles and heat pumps. Based on its platform, GreenCom enables white-label end customer services like energy communities, energy flat rates, as well as optimisation and visualisation of energy flows in homes for utilities and manufacturers of energy-relevant devices.

i6 is a provider of a digital fuel management platform to connect stakeholders across all stages of the aircraft refueling process. The company is specializing in web and mobile application development and systems integration to offer modern, flexible, and modular software platforms for the aerospace, defense, utility, and transportation markets. Using modern information technology, tools, techniques and an open architecture philosophy in our solutions ensures that they provide their customers with high-performing, reliable, and globally scalable platforms for business-critical operations. i6 was founded in 2013 and is headquartered in Farnborough, Hampshire with offices in New Jersey and Vancouver.

Envoy provides electric vehicles and electric vehicle charging for apartments, offices, and hotels and an in-house amenity to the residents and guests. The company equips real estate owners and operators with a new and innovative way to enhance the lifestyle of their tenants, members, and guests by providing Mobility as an Amenity™service, a platform that offers a technology to reserve and access vehicles, driver insurance, maintenance, and electric vehicle chargers, electric fleet, fleet maintenance, full-service mobile app, customer support, and robust analytics. Envoy Technologies provides the technology, operations, and vehicles to implement private and dedicated auto-sharing as an amenity for any community. In 2017, Aric Ohana and Ori Sagie headquartered Envoy Technologies in Culver City, California.

Drover is a mobility-as-a-service platform providing monthly, all-in car subscriptions to its end-customers while providing its fleet partners with a listings and fleet management interface to effectively monetize available vehicle inventory. The company's mobility platform bridges the gap between short-term car rental companies and long term lease providers, giving customers flexible access to cars. Their technology platform provides a one-stop-shop for drivers and vehicle suppliers alike. It also offers bookings platform combined with a free fleet management tool for suppliers, which includes a sophisticated telematics integration, predictive maintenance, PCN management, electronic driver onboarding and background checking, a payments and invoicing engine, and a comprehensive insurance offer as part of every booking. Drover was founded in 2015 and is headquartered in London, United Kingdom.

Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.

GLX Digital is a digital workflow tool that manages sales and procurement processes from end to end in real-time.

Veros Systems enables industrial customers to maximize production by providing actionable intelligence on their electrically-driven machines. Their web-based Predictive Intelligence Platform uses completely nonintrusive monitors that can be installed in hours. PIP offers real-time predictive reliability and energy efficiency intelligence on electromechanical systems, and seamlessly integrates with leading Enterprise Asset Management applications. At last, engineers, managers, and executives have a means to see the future: to plan better, reduce costs, and improve a facility’s overall availability.

Via is a re-engineering public transit company that develops and provides on-demand public mobility solutions for commuters. The company transforms public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via's mobile app connects passengers who are headed the same way, allowing riders to seamlessly share a premium vehicle.  The platform operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via's technology is deployed worldwide through partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, integrating with public transit infrastructure to power cutting-edge on-demand mobility. Via's software offers an end-to-end solution for planning, optimizing, and operating efficient and equitable transit systems, thereby unlocking opportunity for all and constructing resilient cities for the future.

FORGE Hydrocarbons Corporation is a University of Alberta spin-off company based on a proprietary Lipid-to-Hydrocarbon (LTH) technology that offers an innovative approach to producing a cost effective drop-in renewable diesel fuel.

InstaFreight is a digital forwarding company for B2B customers, that enables fast and uncomplicated processing of freight transports. Their goal is to become Europe's leading B2B online freight forwarding company. They stand for reliability, quality, efficiency and transparency. By offering innovative solutions and providing first-class service, they reduce the complexity of the supply chain and ensure absolute transparency for their customers and carriers.

Orb Energy provides affordable and renewable energy for off-grid households in India through solar home systems. The company prices its systems at USD 4 per month and reaches low-income customers through its strong retail distribution network. With 90 branches currently in operation, Orb plans to double its branches and employees in the next two years, reaching 250,000 people.

Punjab Renewable Energy Systems offers bio-energy services that include biomass assessment and technical consultation, pellet production and supply chain management, industrial boiler operations and maintenance, and agriculture waste to bio-CNG conversion services.

Salient Energy is commercializing a revolutionary new battery based on research at the University of Waterloo.  Their zinc-ion battery is perfectly suited, both technically and economically, for storing electricity in the grid. The company's proprietary cathode materials store energy in zinc in a way that has never been commercialized before – Salient Energy has made unique cathode materials that can actually incorporate zinc in their crystal lattice instead of just reacting on the surface. This allows the batteries to have a relatively high energy density. It also allows the user to use of traditional battery designs that are compatible with standard manufacturing equipment. This means that the cheaper, safer, and the longer-lasting battery can be made in existing battery factories around the world.

Ziptrax CleanTech provides Closed Loop Recycling for Li-ion Batteries to utilize the metals like lithium, cobalt, nickel, and manganese found in spent Li-ion batteries for applications including Electric Vehicles, Renewable Energy Grids, and Consumer Electronics. The Cradle-to-Grave approach to Li-ion batteries reduces costs for applications such as EVs and BESS, benefitting not just manufacturers and distributors, but also end-users.

Corvus Energy uses lithium-ion battery technologies to install energy storage systems that have been economical, safe, and consistent in a variety of demanding maritime and transportation applications.  It sells energy storage units made to fit together to create modular lithium-ion battery systems. To give a maritime battery the necessary capacity, energy savings, and safety level, including large marine propulsion drives, their systems supply continuous power to hybrid and all-electric heavy industrial machinery. This enables companies with impressive ROI as well as global recognition for clean energy leadership.

Sense specializes in developing and distributing tracking devices and home automation solutions for its customers. Sense, its home monitoring system, is able to listen to the electronic signatures of electrical devices through its current sensors on the main breakers in electrical panels and records them. Followed by the recording process, it applies multi-domain device signature detection algorithms to distinguish one appliance from another to recognize each individual voice. Furthermore, the system transmits its data to its users through a specially designed mobile application. Sense was founded by Ryan Houlette, Christopher Micali, and Mike Phillips in 2013 and is based in Cambridge, Massachusetts.

At the last mile, where the O&M costs are high and connectivity is scarce, live two billion underserved energy consumers. SteamaCo offers the world’s most data-efficient energy management system, enabling utilities to operate in previously unreachable places.

Aurora is a self-driving vehicle company providing a platform that brings software and data services to operate passenger vehicles. To move both people and goods, the company develops Aurora Driver, a platform that brings together software, hardware, and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Amazon and Sequoia, among others, and partners with industry leaders including Toyota, Uber, Volvo, and Paccar. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI.

Sense Photonics is an RTP high technology company that enables reliable, modular, and configurable 3D sensing. The company produces advanced LiDAR and 3D sensor solutions for an autonomous vehicles, robotics, and industrial automation markets. Their core technology protected by over 200 patents enables a simple, high-performance, solid-state solution with no moving parts that can uniquely meet the rigorous performance, reliability and cost requirements for automotive and industrial applications. Sense Photonics was founded in 2016 and is based in San Francisco, California, United States.

Innowatts is a data analytics and energy transition leader who uses energy usage data, insights and best-in-class machine learning to help energy retailers and utilities from around the world manage their grids, profitability, customer relationships and sustainability goals in a digitalizing, decarbonizing, and electrifying world. To date, the Innowatts eUtility™ technology platform has leveraged data from more than 34 million meters to help energy providers ensure grid reliability, anticipate trends, secure profitability, and promote sustainability — advancing and creating a more personalized energy experience for their customers. For more information, please visit www.innowatts.com.

Shell Technology Ventures (STV) is the corporate strategic investor for Shell.  Specifically, STV is helping Shell identify, adopt, and deploy new technologies faster, investing in ventures that look promising for delivering a meaningful commercial advantage. As a strategic partner, STV makes minority investments in select tech companies, joint ventures and externally managed venture capital funds.

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