New and recently funded Energy Startups
1
Country: Estonia | Funding: $145M
Elcogen manufactures solid oxide (SOC) fuel cells and complete solid oxide stack modules called elcoStack. These modules consist of a compression system, gas manifolds and air distribution structure. Solid oxide fuel cells produce electricity and heat (a byproduct) through an electrochemical process from hydrogen or hydrogen-containing fuel. Modules for one and four stacks are available. The company provides a full range of services, from design to on-site project support. Elcogen also creates solid oxide electrolytic cells that produce hydrogen through an electrochemical process from water and electricity. Their electrolysis system includes various components for steam and hydrogen distribution, thermal management, energy conversion, control and more.
Elcogen manufactures solid oxide (SOC) fuel cells and complete solid oxide stack modules called elcoStack. These modules consist of a compression system, gas manifolds and air distribution structure. Solid oxide fuel cells produce electricity and heat (a byproduct) through an electrochemical process from hydrogen or hydrogen-containing fuel. Modules for one and four stacks are available. The company provides a full range of services, from design to on-site project support. Elcogen also creates solid oxide electrolytic cells that produce hydrogen through an electrochemical process from water and electricity. Their electrolysis system includes various components for steam and hydrogen distribution, thermal management, energy conversion, control and more.
2
Country: USA | Funding: $440.6M
Oklo is building a container-sized, continuously operating, carbon-free and emissions-free fission nuclear reactor Aurora. It uses liquid metal coolant and metallic fuel, generates up to 75 MW, features built-in safety and can run on reprocessed waste. The reactor is self-stabilizing, self-regulating and cooled by natural forces. This means the plant is safe for personnel and the technology that enables this has been demonstrated at scale. Oklo also reprocesses nuclear fuel. The company has three project sites and the broadest regulatory support of any modern nuclear power system in the United States. OpenAI co-founder Sam Altman is the primary investor and even served as an early Oklo CEO.
Oklo is building a container-sized, continuously operating, carbon-free and emissions-free fission nuclear reactor Aurora. It uses liquid metal coolant and metallic fuel, generates up to 75 MW, features built-in safety and can run on reprocessed waste. The reactor is self-stabilizing, self-regulating and cooled by natural forces. This means the plant is safe for personnel and the technology that enables this has been demonstrated at scale. Oklo also reprocesses nuclear fuel. The company has three project sites and the broadest regulatory support of any modern nuclear power system in the United States. OpenAI co-founder Sam Altman is the primary investor and even served as an early Oklo CEO.
3
Country: USA | Funding: $4.8B
Bloom Energy creates fuel-cell systems for local power generation that can utilize a wide range of resources to generate electricity. Bloom Energy Server can use natural gas, biogas and hydrogen as fuel without combustion and is scalable to tens of megawatts. Installation and commissioning of the server can be completed in as little as three months. These servers are often used to power enterprise buildings and data centers. The company has developed proprietary solid oxide fuel cell technology that ensures low CO2 emissions. Bloom Energy also has its own hydrogen production facility at the world's largest solid oxide electrolyzer plant at NASA's Ames Research Center in Mountain View. The company syas, that this high-temperature plant produces 20-25% more hydrogen per MW than commercially demonstrated low-temperature electrolyzers.
Bloom Energy creates fuel-cell systems for local power generation that can utilize a wide range of resources to generate electricity. Bloom Energy Server can use natural gas, biogas and hydrogen as fuel without combustion and is scalable to tens of megawatts. Installation and commissioning of the server can be completed in as little as three months. These servers are often used to power enterprise buildings and data centers. The company has developed proprietary solid oxide fuel cell technology that ensures low CO2 emissions. Bloom Energy also has its own hydrogen production facility at the world's largest solid oxide electrolyzer plant at NASA's Ames Research Center in Mountain View. The company syas, that this high-temperature plant produces 20-25% more hydrogen per MW than commercially demonstrated low-temperature electrolyzers.
4
Country: USA | Funding: $62M
Quilt produces ductless, dual-zone home heat pumps controlled by artificial intelligence. Quilt's indoor and outdoor units, Dial and mobile app work together to create intelligent home climate control solution. To compete with established players in the heat pump market, the company has focused on software and design. One example is the over-the-air update it has implemented for existing heat pumps - the new firmware improved unit performance by over 20%. Ductless systems ensure a consistent temperature in every room. Quilt is even more efficient thanks to the Auto-Away feature, which uses smart sensors to save energy when rooms are unoccupied. Installation is simple and quick, like other ductless systems and most modern systems are currently in production. The company is building a network of certified installation partners.
Quilt produces ductless, dual-zone home heat pumps controlled by artificial intelligence. Quilt's indoor and outdoor units, Dial and mobile app work together to create intelligent home climate control solution. To compete with established players in the heat pump market, the company has focused on software and design. One example is the over-the-air update it has implemented for existing heat pumps - the new firmware improved unit performance by over 20%. Ductless systems ensure a consistent temperature in every room. Quilt is even more efficient thanks to the Auto-Away feature, which uses smart sensors to save energy when rooms are unoccupied. Installation is simple and quick, like other ductless systems and most modern systems are currently in production. The company is building a network of certified installation partners.
5
Country: Denmark
Aalborg CSP designs and supplies sustainable integrated solar energy systems, including high- and low-temperature energy storage systems, solar panels, heat pumps, boilers, integrated energy systems and customized Power-to-X solutions. The company has earned global leadership in CSP power plant projects. It develops parabolic trough and solar tower technology for industrial CSP applications that are an add-on to an existing energy source and can be applied to a range of applications, all essential for a wide range of industries. It matches individual energy needs with appropriate systems and technologies, integrating and combining solutions to achieve synergies across sectors and technologies.
Aalborg CSP designs and supplies sustainable integrated solar energy systems, including high- and low-temperature energy storage systems, solar panels, heat pumps, boilers, integrated energy systems and customized Power-to-X solutions. The company has earned global leadership in CSP power plant projects. It develops parabolic trough and solar tower technology for industrial CSP applications that are an add-on to an existing energy source and can be applied to a range of applications, all essential for a wide range of industries. It matches individual energy needs with appropriate systems and technologies, integrating and combining solutions to achieve synergies across sectors and technologies.
6
Country: USA | Funding: $1.8B
EVgo is one of the largest and most advanced electric vehicle fast charging networks in the US, offering over 1,100 industrial-strength fast charging stations. EVgo chargers are compatible with all fast-charging-capable electric vehicles. The company serves electric vehicle drivers, business owners, automakers, self-driving car companies and rideshare drivers. EVgo offers a user-friendly app for drivers, allowing to search for nearby charging stations, track charging sessions, view session summary and ensure safe charging with Autocharge+. Businesses can host an EV fast charging station for their customers. EVgo manages the entire process, from permitting and installation to maintenance and advanced customer service. Turnkey fast charging is available with no upfront or maintenance costs. Acquired by LS Power
EVgo is one of the largest and most advanced electric vehicle fast charging networks in the US, offering over 1,100 industrial-strength fast charging stations. EVgo chargers are compatible with all fast-charging-capable electric vehicles. The company serves electric vehicle drivers, business owners, automakers, self-driving car companies and rideshare drivers. EVgo offers a user-friendly app for drivers, allowing to search for nearby charging stations, track charging sessions, view session summary and ensure safe charging with Autocharge+. Businesses can host an EV fast charging station for their customers. EVgo manages the entire process, from permitting and installation to maintenance and advanced customer service. Turnkey fast charging is available with no upfront or maintenance costs. Acquired by LS Power
7
Country: Canada | Funding: $126.8M
Anaergia offers comprehensive, integrated solutions for municipal solid waste management, resource recovery in the wastewater sector and waste management for large agricultural and food processing enterprises. The company develops world-leading solutions for anaerobic digestion, pyrolysis, organic matter recovery and biogas upgrading. Anaergia's anaerobic digestion technology has been implemented at over 1,000 facilities in more than 17 countries. The company provides customers with equipment or designs, finances, builds and operates complete biorefineries. The company's goal is to become the world's leading producer of renewable fuels while simultaneously reducing global carbon emissions.
Anaergia offers comprehensive, integrated solutions for municipal solid waste management, resource recovery in the wastewater sector and waste management for large agricultural and food processing enterprises. The company develops world-leading solutions for anaerobic digestion, pyrolysis, organic matter recovery and biogas upgrading. Anaergia's anaerobic digestion technology has been implemented at over 1,000 facilities in more than 17 countries. The company provides customers with equipment or designs, finances, builds and operates complete biorefineries. The company's goal is to become the world's leading producer of renewable fuels while simultaneously reducing global carbon emissions.
8
Country: Germany
Everllence develops power plant engines, turbines, compressors that use climate-neutral fuels to reduce carbon emissions. Its energy solutions include Power-to-X technology that converts electricity into carbon-neutral synthetic fuels, heat pumps, energy storage (CAES, LAES & CO2 battery) and thermal power plants. Everllence is a one-stop shop for thermal power solutions – providing everything from planning to operation of power plants. Its solutions run on fossil fuels as well as renewables like solar power, biomass, waste and geothermal energy. The company also develops carbon capture and storage technologies to ensure that unavoidable carbon emissions can be extracted from industrial processes safely. Through its subsidiary Quest One the company manufactures electrolyzers for producing green hydrogen.
Everllence develops power plant engines, turbines, compressors that use climate-neutral fuels to reduce carbon emissions. Its energy solutions include Power-to-X technology that converts electricity into carbon-neutral synthetic fuels, heat pumps, energy storage (CAES, LAES & CO2 battery) and thermal power plants. Everllence is a one-stop shop for thermal power solutions – providing everything from planning to operation of power plants. Its solutions run on fossil fuels as well as renewables like solar power, biomass, waste and geothermal energy. The company also develops carbon capture and storage technologies to ensure that unavoidable carbon emissions can be extracted from industrial processes safely. Through its subsidiary Quest One the company manufactures electrolyzers for producing green hydrogen.
9
Country: USA | Funding: $4.9B
Recurrent Energy, a subsidiary of Canadian Solar Inc. (global renewable energy company) that is building one of the world's largest and most geographically diversified platforms for developing, owning and operating solar and energy storage projects. It is a leading global developer, owner and operator of solar and energy storage systems, with over 14 GW of project capacity under long-term operation and maintenance agreements.
Recurrent Energy, a subsidiary of Canadian Solar Inc. (global renewable energy company) that is building one of the world's largest and most geographically diversified platforms for developing, owning and operating solar and energy storage projects. It is a leading global developer, owner and operator of solar and energy storage systems, with over 14 GW of project capacity under long-term operation and maintenance agreements.
10
Country: USA
SolarSpace is developing a next-generation concentrated solar power (CSP) technology developed at the University of Arizona's Steward Observatory Mirror Laboratory. Lightweight mirror technology enabled the creation of some of the world's largest mirrors (9.2 m²) that focus sunlight. At the focal point, light enters a small power conversion unit (PCU) through a spherical lens, where it is converted into electricity by small, highly efficient multi-junction solar cells. Patented optics deliver 1,000-fold concentrated sunlight to the cells, distributing it evenly among them, resulting in extremely high overall efficiency. Multiple mirror modules are mounted on a lightweight, dual-axis tracker and aimed directly at the sun, maximizing total power output from sunrise to sunset. SolarSpace has licensed the Transmission Energy Efficiency System (TREES) from NASA and signed a Space Act Agreement with NASA.
SolarSpace is developing a next-generation concentrated solar power (CSP) technology developed at the University of Arizona's Steward Observatory Mirror Laboratory. Lightweight mirror technology enabled the creation of some of the world's largest mirrors (9.2 m²) that focus sunlight. At the focal point, light enters a small power conversion unit (PCU) through a spherical lens, where it is converted into electricity by small, highly efficient multi-junction solar cells. Patented optics deliver 1,000-fold concentrated sunlight to the cells, distributing it evenly among them, resulting in extremely high overall efficiency. Multiple mirror modules are mounted on a lightweight, dual-axis tracker and aimed directly at the sun, maximizing total power output from sunrise to sunset. SolarSpace has licensed the Transmission Energy Efficiency System (TREES) from NASA and signed a Space Act Agreement with NASA.
