NETenergy of Chicago is one of six clean-technology startups selected to join the Wells Fargo Innovation Incubator, a five-year, $10 million program designed to accelerate innovative environmental technologies. The thermal energy storage company’s module integrates with air conditioning systems in small commercial buildings to shift energy demand and consumption to off-peak hours.
The other five companies are 7AC Technologies, Beverly, Mass.; Go Electric Inc., Anderson, Ind.; Heliotrope Technologies, Alameda, Calif.; Polyceed Inc., Encinitas, Calif.; and ThermoLift Inc., Stony Brook, N.Y.
Each company will receive up to $250,000 in cash and in-kind technical consultation. Innovation Incubator is funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory.