CHICAGO–()–The
Clean Energy Trust named solar-powered inflatable light maker LuminAID
Lab the early-stage winner of the 2013
Clean Energy Challenge and Bearing
Analytics, of Purdue University, the winner of the Student
Challenge. Each company received a $ 100,000 grand prize sponsored by the U.S.
Department of Energy.
“This year’s teams
inspired us beyond expectation. The judging was very competitive. We are
grateful for the support of our sponsors, board and judges for their
help in creating more prizes for these creative entrepreneurs.”
Inspired by the 2011 earthquake in Japan, LuminAID Lab’s founders
designed its lightweight, ship-flat solar-powered light to fulfill the
need for light in natural disaster situations. The company has sold more
than 30,000 thus far and is working on a next generation version,
according to LuminAID co-founder Andrea Sreshta.
Bearing Analytics, of Purdue University, offers a patent-protected
temperature and vibration sensing solution to the industrial bearing
market. This technology allows users to predict bearing failure before
it happens, helping to alleviate safety concerns, prevent costly gearbox
failures in wind turbines, extend product lifetimes and increase energy
efficiency. Bearing Analytics will go on to compete at the 2013
National Clean Energy Business Plan Competition in Washington, D.C.
this summer.
Additional prizes were awarded to SmarterShade,
SkySpecs,
Amplified Wind Solutions and Ornicept.
SmarterShade,
an Indiana-based company that makes an innovative film system to
instantly darken windows, received the $ 50,000 Chicago Lakeside Prize,
sponsored by McCaffery
Interests.
SkySpecs,
a University of Michigan-based firm that uses an unmanned aerial
vehicle, or drone, to monitor wind turbines, bridges and other
infrastructure, won the $ 10,000 Invenergy Renewable Ideas prize.
Nicole Zmij, CEO of Amplified Wind Solutions out of Cleveland State
University, was awarded the ComEd and Clean Energy Trust-sponsored
Breaking Barriers in Cleantech award for her role as an outstanding
female entrepreneur. Amplified Wind Solutions harnesses wind energy to
self-power cell towers, particularly in remote locations.
The Clean Energy Challenge Judges spontaneously agreed during
deliberations to pool together from their own money a special $ 10,000
prize for Ornicept,
an early-stage competitor from Ann Arbor, Michigan that analyzes
endangered bird migration patterns to help wind developers comply with
siting regulations.
“The Challenge is designed to uncover the very best in clean energy
technology startups and kickstart their development,” said Amy
Francetic, Clean Energy Trust executive director. “This year’s teams
inspired us beyond expectation. The judging was very competitive. We are
grateful for the support of our sponsors, board and judges for their
help in creating more prizes for these creative entrepreneurs.”
This year’s competition included businesses from Illinois, Indiana,
Michigan, Missouri, and Ohio. Student winners were selected in each
state. The anchor partners for the Student Challenge – Missouri
Energy Initiative, NorTech,
University
Clean Energy Alliance of Ohio, University
of Michigan, and the Wisconsin
Energy Research Consortium—provided support and guidance for all
Student Challenge finalists.
Six state prizes were previously awarded to Student Challenge
competitors in statewide competitions.
Eight early-stage and eight student finalists presented their business
plans to a distinguished panel of nationally renowned investors, policy
makers and entrepreneurs at the 2013 Clean Energy Challenge, held April
4th in Chicago.
All of the Challenge finalists received coaching, training and business
planning assistance from dozens of volunteer mentors coordinated by the
Clean Energy Trust, a nonprofit technology accelerator that connects
entrepreneurs, researchers and early-stage companies with the expertise
and capital to become sustainable. The Clean Energy Challenge is the
signature event of the Clean Energy Trust.
The 2013 Clean Energy Challenge sponsors include: United
States Department of Energy, Advanced
Energy Economy, Ernst
& Young, GE,
Joyce
Foundation, McCaffery
Interests, SC
Johnson, United
Airlines, Wells
Fargo, Abbott
Laboratories, Ameren,
Invenergy,
Missouri
Energy Initiative, Nortech,
Northwestern
University, Purdue
University, Skadden,
University
of Illinois, University
of Illinois at Chicago, University
of Missouri, Wanxiang
America Corporation, Wisconsin
Energy Research Consortium, ARCH
Venture Partners, Applied
Ventures, BP
Alternative Energy, ComEd,
Danfoss
Group Global, DTE
Energy, Dow
Venture Capital, Exelon
Corporation, Illinois
Ventures, Johnson
Controls, Illinois
Department of Commerce and Economic Opportunity, Katten
Muchin Rosenman, Khosla
Ventures, Kleiner
Perkins Caufield and Byers, Lincoln
Renewable Energy, Missouri
Technology Corporation, New
World Ventures, Next
Energy, Renergy
Capital, Sidley,
Steptoe
& Johnson, Technology
Partners, True
North Venture Partners, UK
Trade & Investment, Venrock,
Walgreens,
Agentis
Energy, Baird
Capital, Case
Western Reserve University Great Lakes Energy Institute, Dominion
Community Foundation, EDP,
Northeast
Ohio Public Energy Council, Ohio
State University Office of Energy & Environment, Shaw
Group, Silicon
Valley Bank, University
of Dayton and University
of Missouri.
About Clean Energy Trust:
The Clean Energy Trust was founded by prominent business and civic
leaders to accelerate the pace of clean energy innovation in the
Midwest. The trust is supported by grants from the U.S. Department of
Energy, the Small Business Administration and donations from more than
60 investors, corporations, universities, foundations and trade groups.
For more information, visit www.cleanenergytrust.org.
About the Department of Energy Office of Energy Efficiency &
Renewable Energy
DOE’s
Office of Energy Efficiency and Renewable Energy invests in clean
energy technologies that strengthen the economy, protect the
environment, and reduce dependence on foreign oil. Click here
for the Funding Opportunity Announcement about DOE’s efforts to promote
a new generation of energy entrepreneurs. For EERE’s Commercialization
website, click here.
