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Top 3 Clean-tech Startups to watch in 2014

Top 3 Clean-tech Startups to watch in 2014

 Boom!

Did you hear that?

That’s the sound of yet another startup making an impact.

Ok, you can’t alway hear them.

But you get the idea.

Startups come and go. In the age of the internet it’s becoming a quick game to play. All to often we hear about new apps, tech and gadgets that create million dollar business overnight.

Wouldn’t that be great?

Unfortunately with clean-tech business it seems to take much longer because of lengthy development cycles. So when new startups come on to the market they have often been in development for several years prior. You have to be more patient with clean-tech startups and let them grow. This makes it more difficult to find out which startups to watch, follow and learn from. So here I have collected 3 of my favourite startups that are making an impact in the clean-tech sector. These 3 clean-tech startups cover the basis of residential solar, portable energy storage and energy management.

So let’s get into it..

#1 “Fenix International

Silicon Valley based clean-tech startup founded in 2009.

Who do they serve?

People with…

  • limited access to electricity
  • in developing countries
  • who want to access electricity in their business or at their home

How do they serve these people? What problem do they solve?

Two products

ReadySet Solar: The first product launched by Fenix international which gives customers portable access to electricity. The device can be charge via the solar panel included or by grid connected power adaptor. The device was designed for use in emerging nations, however Fenix International also promote its use for portable electricity access in the US and Canada.

ReadyPay: Innovation is not only in the device which enable people to access electricity when they need it. The innovation is in how the value of the product is delivered. Customers do not pay for the product as a purchase price but rather they can pay to use the product via subscription based payment system. Similar to a mobile phone plan, the product is sold via a pay-use-system which Fenix International have patented. This means that customers can pay to use the system via their cellphone and they do not have to front up the total cost of the device. Paying upfront for the product would make it much more difficult for people in developing nations where income levels are very low compared to western standards.

Where are they going?

Vision: Fenix’s mission is to deliver quality of life to the 1.3 billion people who live without power in emerging markets 

  • Sell and distribute over 1 million off-grid solar power systems in Africa by 2018 in order to benefit at least 5 million people, provide access to mobile communications to over 15 million people and deliver 1.1 billion cell phone charges and 1.4 billion hours of clean LED light each year.
  • Expand its activities in Uganda as well as two Power Africa Countries: Tanzania and Kenya. In particular, Fenix want’s to expand access to affordable solar power for households and entrepreneurs via our ReadyPay Solar Power System which leverages mobile payments to deliver clean energy for as little as $0.39 per day.
  • In order to distribute 1 million off-grid solar power systems, work with Power Africa partners, private investors, and banks to catalyse over $287 million in consumer finance to make solar affordable for customers who currently lack electricity.

http://youtu.be/rcTpPvBKUsM

#2 “1 Efficiency

1efficiency is a cloud-based software and services startup founded in August 2012

Who do they serve?

  • Building consultants
  • Building managers
  • Building owners
  • Companies or Tenants
  • Building Suppliers

How do they serve these people?

Problem

The energy feedback is separate from user behaviour and lacks context. The behaviour does not provide a meaningful way to show savings. When information is given on the energy use of a building, it is often tailored to one specific audience (e.g., building engineer) and can be too much or too little for other stakeholders (e.g., owner, manager, tenant) to identify meaningful actions based on the data.

Product

BUILDING-TO-GRID SOFTWARE PLATFORM

Product features/Customer Benefits

  • Monitor Energy Use: Monitor and compare your utility cost and usage across one or more facilities. Data is accessed from utilities, meters and sub-meters, and integrated so you can easily monitor your electric, water and gas usage across one or more locations – all from a single dashboard.
  • Manage Energy Cost: Get Intelligent Energy Feedback based upon behaviour science to manage and reduce your energy consumption and carbon footprint. Intelligent feedback is actionable and can be calibrated for different building stakeholders — owner, manager, chief engineer, tenants and employees.
  • Reduce Peak Demand: Get alerts prior to peak demand usage. Predictive analytic algorithms provide forecast of peak energy demand which when combined with intelligent feedback provides opportunity to reduce peak demand charges. Peak demand refers to the times of day when electricity consumption is at its highest.
  • Compliance Reporting: Comply with local laws and regulatory mandates for Energy Efficiency compliance and benchmark reporting. We support compliance reporting for NYC, Washington D.C, San Francisco, Seattle and Austin.

Where are they going?

Vision: To enhance the performance and efficiency of buildings in an easy and affordable manner while reducing energy usage, operational cost and Green House Gas (GHG) emissions.

#3 “Avalanche Energy

Massachusetts based solar startup founded by two students from MIT in 2013

Who do they serve?

  • Residential buildings
  • Homeowners and bill payers

How do they serve these people?

Product

ThermalSquare – Providing Solar Hot Water at a Lower Cost

ThermalSquare’s unique double-reflector construction represents a significant step forward in solar hot water heater design. Improving both the size and weight of the overall system, ThermalSquare is able to significantly reduce initial cost and pay for itself in under 3 years. Compare this to the performance of traditional Flat Plate or Evacuated Tube designs which are larger, heavier, and cost significantly more to purchase and install. In addition to the performance improvements mentioned below, ThermalSquare comes with a sleek design, packaged to be easy to use, install, and maintain.

Where are they going?

Vision: To eventually replace all energy use in the home – from hot water to electricity. “We are driven to help realise the solar future – an end-to-end supplement to home energy consumption using solar alternatives.”

Why these 3?

After doing a bit of research I could see that many startups in the clean-tech sector had more of a focus on promoting their technology and less of a focus on the needs of their customers. Whether these customers are end-user consumers, other businesses or even the public sector it’s extremely important to focus on them and what they want.

There is not a lack great technology in the clean-tech sector, but rather a lack of businesses that had proof what customers wanted and how they could meet those needs.

I choose these 3 startups that had powerful value propositions and clear focus on the end user (B2B or B2C). I hope these provide some inspiration for your own ventures and remember you don’t have a potential business concept until you have a real customer need and a way to meet it!

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  • Dane Fredriksson

    Hi George thanks for the great posts – keep them coming!

    I like your take on delivering on the needs of the customer. In my own role with an established Clean-tech business here in New Zealand I find these posts to be a helpful reminder to take a step back from the engineering detail and to periodically consider how our offering addresses the customer’s needs.

    Dane http://0800saveenergy.co.nz/

    • http://www.ecofounder.net George Gray

      Thanks Dane! I’m glad these posts are helpful for you and I really appreciate the feedback. Thanks for reading!

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