Amazon Web Services announced first accelerator program for clean tech startups
Amazon Web Services has announced the completion of the first accelerator program for clean tech startups.
AWS says that the startups it is looking to onboard must be “working with clean technology for energy storage, monitoring, carbon capture utilisation and storage (CCUS), seismic activity, hydrogen generation for energy, smart grid, geothermal optimisation, material science, as well as other areas of opportunity.”
The Clean Energy Accelerator, according to Shane Owenby, Vice President of Energy at AWS, is part of Amazon's pledge to achieve net-zero emissions by 2040.
“This commitment will require innovation from large scale, established organisations to startups across the energy industry,” says Owenby.
“This is why we are supporting clean tech founders to accelerate deployment of their innovations through programs like the AWS Clean Energy Accelerator.”
The accelerator will provide startups with business and technical knowledge, as well as AWS Cloud support, networking opportunities, and expertise of how to drive renewable energy solutions.
The program's goal, according to Freshwater Advisors, is to increase the influence of mature, renewable energy startups by providing funding and expanding their scope.
David Weinstein, Founder and CEO of Freshwater Advisors says, “Over the past eight years, Freshwater has run tech scouting assignments for more than 20 leading corporations in the energy and industrial sectors seeking to partner with the brightest emerging technology based startups to bring new innovative solutions to market. AWS Clean Energy Accelerator provides a unique platform to catalyse these collaborations and bring new solutions to market,”
The AWS Clean Energy Accelerator, in partnership with Freshwater Advisors, will pick ten startups to participate in the accelerator, based on criteria such as the project's scope of innovation and ingenuity in addressing real-world issues.
Applications will be accepted until June 8th by AWS and Freshwater Advisors.