March Week 3, 2023: In this monthly 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.
Do not hesitate to join our collective movement by requesting your membership.
With care,
Guillaume and the SBC TEAM
Energy use in Industry and Buildings
1. Fever
Founded:
2022 – Stockholm, Sweden
Founders:
Ruben Flam, Ron Stolero, Klas Johansson and Jonatan Raber
Elevator Pitch:
Fever provides the easiest way to participate in the balance markets.
Problem they solve:
Wind and solar power give us a greener world – but at the same time put pressure on the electricity grid. Your flexibility stabilizes the power grid so that renewable energy can more easily come online.
We automate and optimize your participation in the balance markets. We are a simple qualification away from you being able to monetize your energy resources.
Impact:
Energy producers large and small use Fever’s platform to participate in the balance markets and contribute to a smarter and greener world.
Stage:
Pre-seed
Interested in Fever?
To learn more about their technology or get in touch, see here
2. Furbnow
Founded:
2022 – West Midlands, UK
Founder:
Becky Lane
Elevator Pitch:
Furbnow is focused on making homes and the energy industry more efficient.
Problem they solve:
Right now the average house in the UK has an energy rating of D. And that’s not good enough.
With our assessment and guidance we’re here to make every home we can warmer and more environmentally sound and every bill we can lower.
Impact:
Furbnow allows home owners to keep their home warm, cut energy bills, and limit carbon emissions.
Stage:
Pre-seed
Interested in Furbnow?
If you are interested in learning more, see here.
Industry
3. Concrete.ai
Founded:
2021 – Los Angeles, CA, USA
Founders:
Alex Hall and Mathieu Bauchy
Elevator Pitch:
Concrete.ai is unlocking the power of big data and machine learning to accelerate concrete design.
Problem they solve:
Concrete.ai delivers concrete producers a simple, fast, and flexible decision-making tool to optimize concrete performance, cost-savings, and carbon reductions.
Unlike common software solutions that deliver “one-size-fits-all” platforms with limited options for a ready-mix producer’s input, we believe the final decision needs to in the hands of the producer. As a result, we have merged what big data and AI does best – to take enormously, complex data and process it in real-time – with the best of what experienced engineers and concrete professionals offer – human judgment – creating a new pathway to optimized mix designs.
Impact:
Concrete.ai is on a mission to avoid 500 million tons of carbon dioxide from entering the atmosphere annually, through artificial intelligence-driven optimization.
Stage:
Seed
Interested in Concrete.ai?
To learn more about this company, see here.
Founded:
2020 – Columbus, OH, USA
Founder:
Paul Matter and Chris Holt
Elevator Pitch:
We have developed an advanced reversible fuel cell technology that cost effectively and efficiently converts electricity and water into high purity hydrogen and oxygen, and when needed back to power.
Problem they solve:
Power to Hydrogen’s Clean Energy Bridge™ is a new paradigm for on-site hydrogen generation and energy storage. One simplified, reversible system provides three valuable services.
1)On-site generation of high pressure (200+ bar) hydrogen
2) Peak shaving – short duration, high output power
3) Backup Power – low cost, long duration energy storage
Impact:
Power to Hydron can be used as low cost hydrogen fuel for fuel cell vehicles, including buses, trucks, trains, lift trucks and marine vessels, to maximize value and reliability of renewably powered microgrids with rapid response and economical short and long duration storage, and to enhance the economics of utility-scale solar and wind installation by monetizing curtailed production and boosting peak output.
Stage:
Series A
Interested in Power to Hydrogen?
If you are interested in learning more, see here.
Waste (water & landfills)
5. Mycocycle
Founded:
2018 – Bolingbrook, IL, USA
Founder:
Joanne Rodriguez
Elevator Pitch:
Mycocycle develops and licenses a process to minimize waste, create new biobased raw materials and reduces greenhouse gases using fungi.
Problem they solve:
Landfills are at 85% capacity.
The waste industry accounts for 16% of anthropogenic methane emissions.
Impact:
Mycocycle is addressing some of the world’s hardest to treat toxic constituents created from plastics and petrochemical.
Mushrooms break down complex carbons in the natural world. We applied the science of Mycology to leverage this solution in the lab and are able to eliminate toxins naturally.
This process is both cost-effective and sustainable. Once remediated, the result is a renewable byproduct that is fire and water-resistant and can be manufactured into new products—allowing the process to further pay for itself within the closed-loop ecosystem.
Eliminating a significant strain on our ecosystem our technology diverts materials from landfills, allowing for reuse into other applications.
Stage:
Seed
Want to learn more about Mycocyle?
To learn more about their technology or get in touch 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 350+ climate tech startups to watch we have featured.
