By Nick Gilbert
Three startup companies, HEVO, Enertiv, Energex Technologies, have joined the New York City Accelerator for a Clean and Renewable Economy (NYC ACRE), a key cleantech business incubator of the city.
The New York State Energy Research and Development Authority (NYSERDA) invested in NYC ACRE in 2009 with a four-year grant worth $1.5 million. The Polytechnic Institute of New York University (NYU-Poly) runs this business incubator, which aims at establishing the city as a center for clean energy technology development and entrepreneurship. NYC ACRE has already been nurturing 11 companies since its inception. The business incubator’s startup companies have amassed a capital amount of over $17 million and generated 100 permanent jobs. So far, the incubator has ‘graduated’ seven companies.
Hybrid and Electric Vehicle Optimization (HEVO) is the developer of HEVO Power Station, a wireless charging unit to charge electric or hybrid vehicles in highways, city streets, motor pools, parking garages and lots, and other high-traffic places.
Enertiv is a developer of real-time energy monitoring systems and associated software products for use in institutional and commercial facilities. Enertiv One is the company’s flagship product that is capable of operating at the circuit level to monitor, calculate and record energy usage, thus enabling facility managers to reduce energy bills by determining energy waste.
Energex Technologies works on developing an environmental sensor technology to upgrade and protect data centers. The company’s flagship product, which is scheduled for launch in a year, can assess key environmental variables such as pollutants, smoke, vibrations, gaps, air flow, pressure, humidity, temperature, but without using manifold sensors.
Besides getting discounted space for office purposes at the NYU-Poly Varick Street Incubator, startup companies also receive networking opportunities, get business development mentoring, and have meetings with venture capital and utility communities of the city.