Ben Welter - Thursday, April 16, 2015
Chicago startup NETenergy, an energy storage and management services provider, is among the winners at the 2015 Clean Energy Challenge. NETenergy was awarded the $100,000 Pritzker Foundation Prize.
The company's thermal energy storage units use phase change composites to store cold energy, allowing customers to shift A/C production to off-peak hours, when electricity is cheaper. The units are paired with software that manages energy use. NETenergy is led by Said Al-Hallaj, who is CEO of AllCell Technologies and an adjunct professor at the University of Illinois Chicago, and Mike Pintar, an MBA candidate at the university's Booth School of Business.