U.S. Department of Energy

Axiom Cloud Inc. specializes in artificial intelligence solutions tailored for commercial refrigeration in North America's supermarkets. Founded in 2014 and headquartered in Oakland, California, the company addresses significant energy and maintenance challenges in the $120 billion commercial cooling industry. Axiom Cloud offers a power management and maintenance platform that enhances the efficiency of systems with large cooling loads. Key applications include the Virtual Technician, which autonomously predicts and prevents failures, and the Virtual Battery, which emulates the benefits of traditional lithium-ion batteries by optimizing cooling processes and managing energy loads intelligently. Customers in the retail grocery sector engage with Axiom Cloud through an initial setup fee for onsite installation of the IoT platform, followed by recurring software-as-a-service fees for the cloud-based applications that operate on this platform.

SolarReserve, a venture-backed renewable energy company, focuses on advanced solar thermal storage technology. SolarReserve was formed to solve two of the fundamental barriers of renewable energy: scalability and storage. Unlike hydroelectric, geothermal, biomass, and other renewable energy technologies that use limited renewable fuel sources, SolarReserve's power plants draw their heat from the sun - earth's ultimate source of clean energy. And unlike wind and photovoltaics, SolarReserve's power plants can deliver power whenever it is needed, either 24 hours per day or only during "peak" demand. By overcoming these two key barriers, SolarReserve enables utility-scale, clean, renewable electricity generation.