Southern California Power Innovation Community Reviews Six-12 months Affect Numbers
Cleantech San Diego’s Southern California Power Innovation Community (SCEIN) celebrated its six-year anniversary on July 15. This system has made large accomplishments supporting its member startups, that are advancing breakthrough vitality applied sciences for the good thing about California ratepayers. Beneath is a abstract of this system’s affect up to now:
Firms: 62 startup corporations have been accepted and acquired custom-made service plans from SCEIN and its companions. This system is presently supporting an all-time excessive of 39 lively member corporations.
Capital: Since becoming a member of this system, SCEIN member corporations have raised $234.5 million in non-public capital and $65.9 million in public funding for a complete of $300.4 million in follow-on funding. XENDEE, South 8 Applied sciences, Sonocharge, UCAP Energy, and Ivy Power led the non-public capital raised, and Qubitekk, KIGT, Group Power Labs, Icarus RT, and TyFast led the general public capital raised.
ROI: The SCEIN program continues to realize a greater than 50-fold return on funding on the CEC grant funding
Jobs: SCEIN startup corporations created a file 56 new jobs from natural development in the course of the first half of 2022. With the addition of HNO Hydrogen Mills, Limelight Metal, Harvest Thermal, and VECKTA, whole employment by SCEIN corporations is as much as 629 jobs.
Range: 31 of the present 39 SCEIN corporations have numerous illustration on their C-Suite management groups, for an all-time excessive of 79 p.c.
CA Recognition: In simply the primary six months of 2022, SiLi-Ion gained the Riverside Angel Summit; ReJoule was the runner-up within the San Diego Angel Convention; Benchmark Labs, Ivy Power, and ChargeNet have been chosen as 2022 CONNECT Cool Firms; TyFast and Limelight Metal gained Activate Fellowships; Group Power Labs and Xtelligent gained $75,000 Caltech Rocket Fund grants; Kineticurrents was chosen for the 2022 Cleantech Open Western cohort; Orianna Bretschger, Sofia Babanova, and Robin Ihnfledt have been acknowledged as San Diego Enterprise Journal High 50 Girls of Affect in Engineering; Jennifer Worrall, An Huang, and Jungwoo Lee have been acknowledged as High 50 Girls of Affect in Know-how; and Limelight Metal gained the Cleantech San Diego/SCEIN MUFG Union Financial institution $50,000 Early-Stage Pitch Competitors.
Nationwide/International Recognition: Helicoid, UCAP Energy, and South 8 Applied sciences gained 4 of the six Excellent Enterprise awards at thevNREL Trade Progress Discussion board. On this 12 months’s Edison Awards for Vital Human Infrastructure, UCAP Energy gained the bronze award within the Power Grid and Energy Provide class, and Qubitekk gained the gold award within the Communications and Cybersecurity class.
Strategic Milestones: Statevolt introduced a $4 billion EV battery giga-factory in Imperial Valley together with a letter of intent to Managed Thermal Assets (CTR) for provide of energy and battery-grade lithium. CTR additionally introduced that Stellantis (Fiat-Chrysler/PSA) signed a provide settlement for as much as 25,000 MT/yr of battery grade lithium hydroxide for his or her North American EV manufacturing.