Openalgae And Rre Solar
Tonight,Custom bobbleheads, at a special graduation and alumni event, the Austin Technology Incubator (ATI), a not for profit part of the IC2 Institute of The University of Texas at Austin (UT), will graduate 21 companies. Of those 21, six companies were part of ATIs Clean Energy portfolio,bobbleheads, including Atonometrics, Dorsan Biofuels, Firefly LED Lighting, Ideal Power Converters,Personalized Bobbleheads 86,Personalized Bobbleheads, OpenAlgae and RRE Solar. These companies have collectively achieved remarkable business successes and have created hundreds of jobs for Texans.
Over 20+ years, ATI has developed and refined industry specific capabilities, currently organized into Information Technology, Wireless, Clean Energy and Bioscience sectors. In each industry sector, ATI brings its portfolio companies deep domain expertise and market and technology specific networks of advisors and investors. Tonights graduation event showcases successes in all four sectors, including six remarkable companies in clean energy.
Founded in 2001, the ATI Clean Energy Incubator (CEI) is one of the longest established clean energy incubators in the United States and has a privileged position since UT does more energy research than any other university in the world. Through a strong partnership with the local electric company, Austin Energy, CEI has historically focused on electricity related startups and is continuing the leadership role as a founding participant in the Pecan Street Project, which is running a $30 million smart grid/smart premises demonstration project in Austin. Currently, CEI is working successfully across the clean energy and clean tech spectrum with companies in the important spaces of water, energy management efficiency, transportation, and green building technologies.
Atonometrics is a leading supplier of test and measurement technology for the solar photovoltaics (PV) industry. The company has a worldwide presence with customers in Europe, Asia and North America. Germanys leading PV national laboratory, Fraunhofer, has adopted Atonometrics products in their PV lab.
Dorsan Biofuels was an early stage biotech company with a proprietary technology for creating fungal biocatalysts capable of producing advanced biofuels and chemicals from agricultural, municipal and industrial waste materials. Dorsan Biofuels raised enough angel money and SBIR funding from the US DOD to perform the research required to secure the IP and successfully completed a sale of those assets to Novozymes A/S, a large multinational producer of high value chemicals, in December 2011. Dr. Kay Hammer returned to ATI as CEO of Dorsan Biofuels after also being the co founder, along with Robin Curle, of one of the very first portfolio companies for ATI 20+ years ago. In 1991,Personalized Bobbleheads 69, Hammer co founded Evolutionary Technologies International (ETI) the first spin out from MCC to commercialize the results of a 3 year research project to build an enterprise solution to data integration management.
Firefly LED Lighting, founded in 2009, provides patented Firefly LED lighting to numerous commercial properties and residences with long life and high efficiency, using only 10% of the electricity versus incandescent lamps. With up to 60,500 hours of light output, Firefly LED lamps are the brightest, most energy efficient LED lights on the market. Made here in the USA in Texas, Firefly lighting is in large hotels, government buildings, restaurants, commercial properties and universities. Notably, the Texas based, revenue generating company received a $3 million ETF grant and is bringing manufacturing jobs to the state.
Ideal Power Converters (IPC) makes electric power converters critical to clean energy installations, especially commercial scale solar. Its PV inverter, as one example, reduces the weight and size of conventional inverters by 90%, disrupting this multi billion dollar market. Recognized by the State of Texas with a $1 million ETF investment, and $2.5 million from the DOEs Advanced Research Projects Agency Energy, production of these lightweight systems will also create thousands of clean tech jobs in Central Texas.
OpenAlgae enables low cost recovery of oils from algae a solution that requires novel technologies and disciplines ranging from biology to engineering,Custom bobbleheads 38, physics to water management. Algae processing requires a series of difficult separations. The difficulties lie not in the separations, but in doing each separation in a cost effective, scalable way. OpenAlgae efficiently and cost effectively concentrates algae from water and recovers oils from algae without using solvents or drying. Founded in 2008, OpenAlgae is owned by the Board of Regents of The University of Texas at Austin and Organic Fuels Holdings, Inc., Houston, Texas.
RRE Austin Solar develops large scale solar farms and plans to become a 500MW+ solar developer within 5 years. It is developing the largest solar energy farm in Texas, the Pflugerville Solar Farm, where it will produce 60 MW. RRE wants to provide renewable energy through solar PV and become a change agent of clean energy perception.
It is amazing to be part of ATI during a phase of explosive growth of clean energy and technology companies here in Central Texas. It has been a privilege and a pleasure to work with these six early stage clean energy companies and assist in getting them to the point of where they are today, said Mitch Jacobson, Clean Energy Co Director. We are very proud of these six companies who are helping to solidify Austins and ATIs leadership in the clean energy and clean tech industry. We look forward to watching their continued success and helping more companies prosper in this very exciting industry.
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