Element 16 Technologies, founded in 2016 and based in Glendale, California, specializes in high-temperature heat energy storage systems aimed at enhancing energy efficiency for commercial and industrial facilities. The company has developed an innovative thermal energy storage technology that utilizes a molten sulfur mixture, replacing traditional molten salts and thermal oils. This advancement allows customers to minimize wasted heat in cogeneration plants, thereby improving overall efficiency and significantly reducing their carbon footprint. Through its solutions, Element 16 Technologies seeks to provide cost-effective energy management options that contribute to sustainability in the energy sector.
Wright Electric, Inc. is building technologies for large commercial airplanes. The company is currently developing their flagship Airplane, the Wright 1, which will be a 186-seat single aisle airliner with an 800 mile range. The company hopes to achieve entry to service for the Wright 1 by 2030 and is working with commercial airlines including easyJet and VivaAerobus. In addition to the newly announced U.S. DOE’s ARPA-E funding, the company is funded by Y Combinator, the Clean Energy Trust and venture funds.
Southern California Gas Company is a regulated public utility based in Los Angeles, California, that specializes in the distribution, transmission, and storage of natural gas. Founded in 1867, the company serves approximately 22 million customers across Central and Southern California. Its extensive infrastructure includes over 51,000 miles of distribution pipelines, 3,058 miles of transmission and storage pipelines, and 9 transmission compressor stations. Southern California Gas also offers a range of services, including residential assistance, energy efficiency programs, and solutions for commercial and industrial clients. As a subsidiary of Pacific Enterprises Inc., the company plays a vital role in meeting the natural gas needs of its extensive customer base.
Pick My Solar
Seed Round in 2015
Solar Merchant operates an online solar marketplace that focuses on the development process for the small commercial solar sector using a suite of in-house and industry-networked software. The company was founded in 2015 and it operates as a subsidiary of Pick My Solar Corp.
Fisker, Inc. is a designer and manufacturer of electric vehicles and mobility solutions, headquartered in Manhattan Beach, California. The company aims to revolutionize the automotive industry by creating eco-friendly vehicles that evoke emotional responses from consumers. Fisker's commitment to sustainability is reflected in its focus on producing electric vehicles that align with modern environmental standards. The company has a notable history, having previously produced the Fisker Karma, one of the first luxury plug-in hybrid electric vehicles, which garnered attention during its debut at the 2008 North American International Auto Show. Although production of the Karma was halted in 2012, Fisker has since shifted its focus towards developing innovative electric vehicles that meet the growing demand for sustainable transportation solutions.
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