SHARC wins “Incubatenergy Lab Challenge” by EPRI - Seite 2

“We are very excited about the collaborative approach that EPRI takes in its execution of the Incubatenergy Labs program,” says Lynn Mueller, CEO of SHARC International. “The nature of the project and the demonstration will not only allow for the increased mobilization of SHARC technology by connecting us with leading utilities but also provide increased exposure and acceptance of our product as a key solution in achieving greenhouse gas reduction goals while providing superior electrical usage efficiency.”

The Incubatenergy Network is comprised of leading clean energy accelerators that support more than 500 early-stage companies working on revolutionizing electrification. Their goal is coordinating incubators and accelerators with startups that are looking to scale suitable technologies. In their 5^th Best Practices Report, EPRI goes into detail about some of the accelerators and incubators that work through the Incubatenergy Network. Clean Energy Trust (“CET”) is an example of an accelerator that reported investing $3.8 million in 23 portfolio companies from 2014 to 2018 and has supported 103 startups overall. These startups then went on to raise over $125 million in follow-on funding. This network will help SHARC continue to grow and work towards its goal of being a foundational piece of technology in the development of climate policy aimed to reduce greenhouse gas (GHG) emissions.

“Each innovation has the potential to provide significant value to energy customers and the grid,” said Erik Steeb, who leads the Incubatenergy Network and Labs program for EPRI. “By collaborating across the group of utilities, we can quickly demonstrate and understand how these solutions may enable effective energy management, enhance system quality, reliability, efficiency and support decarbonization.”

The Electrification 2020 International Conference and Exposition that was originally set for April 6 – 9 in Charlotte, North Carolina is now postponed until early 2021 due to the latest information on coronavirus (COVID-19). SHARC intends to be in attendance to collaborate with other companies in electrification and important stakeholders. This will further our exposure and contacts in the industry.

American Electric Power (“AEP”), Con Edison, Edison International, Enel, Nebraska Public Power District, New York Power Authority, Portland General Electric (“PGE”), Salt River Project and Xcel Energy are the other participating utilities.