DENVER--(BUSINESS WIRE)--Today the Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced the program’s first cohort focused on demonstration projects. The tenth IN2 cohort consists of five companies ready to demonstrate building and mobility technologies with industry partners across the country, proving out their economic viability, low carbon capabilities, and positive social impacts.

CEOs of Cohort 10 companies gather at the NREL campus. (Photo: Business Wire)

Originally nominated by program Channel Partners, the selected companies underwent an in-depth selection process by Wells Fargo, NREL and IN2’s expert industry advisory board. The selected companies and their respective commercial partners will collaborate on the following demonstration projects:

• BlocPower, based in Brooklyn, NY, will work with Steffes to replace fossil fuel-based systems with carbon-free technologies and increase energy efficiency for buildings in diverse communities.
• CorePower Magnetics, based in Pittsburgh, PA, will demonstrate its patented high-performance electric motors, inductors, and transformers with Eaton, which can extend electric vehicle ranges and improve grid efficiency.
• Kit Switch, based in San Francisco, CA, will work with Habitat for Humanity, LA to install and analyze its prefabricated wall and ceiling panels with integrated plumbing and electrical systems in underutilized housing units.
• NineDot Energy, based in Brooklyn, NY, will work with Fermata Energy and Revel Transit, Inc. to transform vacant and underutilized lots into shared community-scale power plants using solid oxide fuel cells and stationary battery energy storage.
• Community Energy Labs, based in Portland, OR, will demonstrate its AI Powered Clean Building Control platform for Tacoma Public Utilities and Tenino School District in an effort to support and assess decarbonization goals.

(Read this press release in full on BusinessWire.)

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