July Week 2, 2024: In this weekly series, we highlight 5 climate tech startups to watch by featuring the incredible startups, companies, or projects that are leading the fight against the climate crisis.
Each month, we add these startups to our running list, which we have categorized based on fuel emission sector data from the most detailed, recent data SBC could identify from the World Resource Institute in 2016.
This initiative from Startup Basecamp aims to support founders by giving them access to networking and exposure opportunities that help them to scale and finance their climate tech solutions.
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With care,
Guillaume and the SBC TEAM
Energy use in Industry and Buildings
1. Southern Lights
Founded: 2022 – Stockholm, SE
Founder: Felipe Gallardo & Anton Frisk
Elevator Pitch: Southern Lights offers a web-based tool for designing, simulating, and conducting techno-economic studies of green hydrogen projects. They aim to replace fossil fuels in heavy industry by enabling green hydrogen at scale.
Problem they solve: Many energy developers face challenges in efficiently assessing the feasibility of green hydrogen projects. Southern Lights provides a powerful tool to design, simulate, and iterate faster on project designs, increasing the quality and auditability of hydrogen projects.
Impact: By supporting the development of financially successful hydrogen projects, Southern Lights contributes to global emissions reduction, helping to transition heavy industries away from fossil fuels.
Stage: Early Stage
Interested in Southern Lights?
To learn more about their technology or get in touch, see here.
Cross-cutting enablers
2. BMTA&C
Founded: 2019 – Paris, FR
Founder: Sara Benlafqih, Carl Tali, & Bouthania Mounir
Elevator Pitch: BMTA&C is a deep-tech French startup developing a revolutionary clean refrigeration technology focused on decarbonizing the cooling industry. Their innovation targets road refrigerated transport, where batteries are ineffective, offering a sustainable and cost-competitive solution.
Problem they solve: BMTA&C addresses the carbon footprint and operational costs associated with traditional cooling methods in road transport, providing an eco-friendly alternative without the need for specific infrastructure.
Impact: Their technology reduces CO2 emissions by up to 84% and fuel OPEX by 90%, contributing significantly to sustainable logistics practices and reducing environmental impact.
Stage: Early Stage.
Interested in BMTA&C ?
If you are interested in learning more, see here.
Energy use in Industry and Buildings
3. Caché Energy
Founded: 2022 – Champaign, Ill, USA
Founder : Arpit Dwivedi
Elevator Pitch: Cache Energy offers a scalable long-duration energy storage solution with technology that can store energy for over 100 hours. Using a non-toxic, non-flammable material, Cache Energy provides a safe and easily transportable alternative to fossil fuels, aiming to revolutionize energy storage worldwide.
Problem they solve: Cache Energy addresses the challenge of long-duration energy storage, offering a safe and efficient method to store energy for extended periods, crucial for balancing renewable energy supply and demand.
Impact: By providing a cleaner alternative to fossil fuels, Cache Energy significantly contributes to reducing carbon emissions and promoting sustainable energy use.
Stage: Seed.
Want to learn more about Caché Energy?
To learn more about their technology or get in touch see here.
Energy use in Industry and Buildings
4. WattMore
Founded: 2017- Denver, CO, USA
Founder: Jonathan Postal
Problem they solve: Energy storage is complex, often requiring significant expertise in battery sizing, performance prediction, and project optimization. WATTMORE makes this process straightforward, helping customers access and optimize the benefits of energy storage.
Impact: By facilitating efficient energy storage integration, WATTMORE supports the adoption of renewable energy sources, reduces reliance on fossil fuels, and contributes to a more sustainable energy ecosystem.
Stage: Series A.
Interested in WattMore?
To learn more about this company, see here.
Energy use in Transport
5. Wright Electric
Founded: 2016 – Malta, NY, USA
Leadership: Mike Wright & Jeff Engler
Elevator Pitch: Wright Electric is developing the world’s first family of zero-emissions commercial aircraft. The Wright Spirit will incorporate Wright’s megawatt-class electric propulsion system and serve the 100-passenger market for one-hour flights by retrofitting BAe 146 aircraft with entry into service in 2026. The Wright 1 will be a 186-seat airliner with an 800-mile range, targeting entry into service in 2030.
Problem they solve: Traditional aviation is a significant source of carbon emissions, particularly from single-aisle flights, which account for 45% of all aviation emissions. Wright Electric addresses this issue by developing zero-emissions aircraft, reducing the carbon footprint of short to medium-distance flights.
Impact: Wright Electric is committed to eliminating carbon emissions from regional flights by 2040. By providing zero-emissions alternatives to conventional aircraft, they are making strides toward a more sustainable future for the aviation industry, reducing reliance on fossil fuels and decreasing global carbon emissions.
Stage: Seed.
Interested in Wright Electric?
If you are interested in learning more, see here.
Do you know of other startups we should include in our Startups to Watch Series? Submit to our list!
How do these startups fit in with all the others we have looked at?
Check out our running list of the 400+ climate tech startups to watch we have featured.
