Clean Energy Incubator, Austin Energy Agree to Test Clean Technologies to Accelerate Commercialization.AUSTIN, Texas -- The Austin Technology Incubator's Clean Energy Incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the and Austin Energy Austin Energy is the public utility providing electrical power service to a 421 square mile area including Austin, Texas and parts of the surrounding area in Travis and Williamson counties. It is owned by the City of Austin. have agreed to create the first test-bed environment in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for alternative energy companies to prepare their technologies for commercialization. The partnership will allow clean technology companies to accelerate their path to market through early product validation with a leading utility. "A major slowdown in getting clean energy companies to market is early utility validation," said Joel Serface, director of Clean Energy Incubator. "Through our test-bed partnership, Austin Energy will give critical feedback and credibility to startups who prove themselves in Austin Energy's environment." The Clean Energy Incubator and the Austin Technology Incubator are part of the IC2 Institute of The University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas . The test-bed partnership, supported unanimously by the Austin City Council, will allow Clean Energy Incubator member companies to plug into different parts of Austin Energy's grid to prove their technologies. Such innovative programs led by the Clean Energy Incubator and Austin Energy have helped Austin be recognized as the leading cleantech incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. center. A report by SustainLane, a green media company, released last week named Austin the No. 1 U.S. city in incubating and clustering clean technology companies. The report ranked 50 cities and credits Austin with creating a robust test facility that is an innovative and economic step forward for the clean energy market. "It is great that Austin is being recognized as the 'Cleantech Capitol,''' said Mayor Will Wynn This page discusses the Mayor of Austin, Texas. For the California Representative, see William J. Wynn. For the NFL football player, see Will Wynn (football player). Will Wynn is the current mayor of Austin, Texas. . "The Clean Energy Incubator and Austin Energy have long been leaders in clean technology. The test-bed partnership is the first of its kind and will extend Austin's leadership in developing and using clean technologies. This will also become a powerful economic development engine for the city of Austin." The Clean Energy Incubator is extending an invitation to companies to come to Austin and participate in this unique partnership. By applying to participate in the Austin Clean Energy Venture Summit, start-up companies start-up company A new business. will have the opportunity to present to the Clean Energy Incubator, Austin Energy, leading international venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and energy companies. Several of the companies selected to participate in the conference will be extended invitations to take part in the test-bed partnership. The Clean Energy Venture Summit, held on May 14-16, will highlight many of the potential technologies that will help create "The Utility of the Future," including green building, energy efficiency, grid-connected vehicle technologies and smart-grid applications. To participate in this conference, please go to http://www.cleanenergyventuresummit.com. For the past three years, Austin Energy has been ranked as the No. 1 green energy program in the country by the Department of Energy's National Renewable Energy Laboratory The National Renewable Energy Laboratory (NREL), located in Golden, Colorado, as part of the U.S. Department of Energy, is the United States' primary laboratory for renewable energy and energy efficiency research and development. , generating more revenue than its closest competing utilities in Portland, Ore. and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Its Green Choice program has sold more than 334 million kilowatt hours Kil´o`watt` hour 1. (Elec.) A unit of work or energy equal to that done by one kilowatt acting for one hour; - approximately equal to 1.34 horse-power hour. Noun 1. of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. last year. Background on Austin Energy Austin Energy is the community-owned electric utility of Austin, Texas, serving 360,000 customers and a population of 880,000. Austin Energy is nationally recognized for its energy efficiency programs, establishment of the nation's first Green Building Program and for the nation's No. 1 renewable energy program for sales since 2002, outperforming 600 utility-sponsored green power programs nationwide. Austin Energy's Home Performance with ENERGY STAR program offers rebates and loans for energy-efficiency improvements. Since 1982, more than 200,000 Austin residents have participated in the utility's energy efficiency programs. Background on the Clean Energy Incubator The Clean Energy Incubator has been a leader in building clean-tech companies since its inception in 2001 when it was formed as a program of the Austin Technology Incubator, a division of The University of Texas at Austin, the IC2 Institute, and inspired by the National Renewable Energy Lab. The incubator oversees seven portfolio companies in the clean-tech market and is supported by the Texas State Energy Conservation Office and Austin Energy. For more information on the Clean Energy Incubator, please visit: http://www.ati.utexas.edu/cleanenergy |
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