Energy Mentor Network Spotlight: Jonathan Mills Patrick

The Tennessee Advanced Energy Business Council is continuing its series of feature stories highlighting the mentors behind the Energy Mentor Network program offering industry specific expertise.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.4 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

This week TAEBC welcomes Jonathan Mills Patrick as its newest domain expert enrolled in the Energy Mentor Network. Patrick is a former C-level finance executive turned strategic consultant with more than 20 years of experience and proven results. His skill set is largely around funding where he has been involved in over $500M in debt/equity deals. Additionally, he works with companies on strategic (where he advises companies from pre-revenue to $7B) planning and decisions and marketing. Jonathan also holds a Marketing degree and has led marketing for a $230M organization.

TAEBC is continuing to accept mentors for the Energy Mentor Program. If you are interested in this opportunity, please visit the “For Mentors” section of the Energy Mentor Network portion of TAEBC’s website.

TAEBC’s “Opportunities in Energy” forum focused on entrepreneurship and innovation

NOTE: Originally published on Teknovation.biz

By: Tom Ballard, Chief Alliance Officer, PYA

Nearly 80 people registered for the “Opportunities in Energy” forum organized by the Tennessee Advanced Energy Business Council (TAEBC).

Held at The Square Room in Downtown Knoxville, the theme of this year’s annual event was entrepreneurship and innovation. The nearly three-hour program featured a fireside chat with two leaders in the region that I had the privilege of moderating as well as pitches from three start-ups in the Energy Mentor Network coordinated by TAEBC and funded by Launch Tennessee.

Beverly Davenport, the new Chancellor of the University of Tennessee’s Knoxville campus, and Craig Blue, Director of Energy Efficiency and Renewable Energy Programs at Oak Ridge National Laboratory (ORNL), comprised the fireside panel that I facilitated. The focus was on the foundations their institutions have established, the plans they have for the future to help Tennessee build on its national reputation for excellence in the advanced energy sector, and how their innovation efforts can help create new businesses and expand existing ones.

Read the full story here.

Energy Mentor Network Company: Peroxygen Systems

The Tennessee Advanced Energy Business Council is featuring the companies benefiting from the Energy Mentor Network program, which offers industry specific expertise from experienced mentors.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

This week TAEBC is highlighting EMN company Peroxygen Systems. Peroxygen Systems is a clean chemistry company developing breakthrough technology for on-site hydrogen peroxide production. The startup is working toward fundamentally disrupting the existing manufacturing and distribution model for hydrogen peroxide. Peroxygen Systems’ on-demand electrolyzer can reduce the cost of producing hydrogen peroxide by over 50%, while also completely eliminating the cost and safety issues associated with shipping and handling of high concentration hydrogen peroxide.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.

Tennessee’s influence in electric-car sector expanding after Denso announcement

(Credit: Knoxville News Sentinel)

Tennessee will be meeting the future demand for electric vehicles, after Denso Corp. announced the company would spend $1 billion expanding its Maryville, Tennessee facility and hire 1,000 workers.

It comes as major automakers prepare to design new fleets of electric cars in response to the popularity of the Tesla electric car brand and the push for battery-powered vehicles overseas.

Denso’s investment would include safety components and systems for purely electric cars powered only by batteries as well as for hybrid vehicles like Toyota’s Prius that back up a gasoline engine with an electric motor.

The expansion would be the largest ramp up related to electric vehicles in Tennessee since Nissan borrowed $1.6 billion from the U.S. government’s green-car initiative in 2009. The company used the money to help cover the cost of preparing the assembly plant at Smyrna in Middle Tennessee for production of the Leaf electric car.

Read the full story here. 

TAEBC Lunch & Learn features Jetta Wong with the Los Angeles Cleantech Incubator

The Tennessee Advanced Energy Business Council held an engaging lunch & learn at UBS The Siler-Rhea Group’s office location in Downtown Knoxville.

The event included Jetta Wong, Senior Advisor at the Los Angeles Cleantech Incubator serving as keynote speaker.

Jetta has over 14 years of experience developing programs and policies that support energy and environment technologies. Prior to joining LACI, Jetta Wong established the Office of Technology Transitions for the United States Department of Energy and served as its first Director. In that capacity, she assisted the private sector, state and local governments, universities, laboratories and other stakeholders and engaged with the Department on the commercialization of new technology.

She spoke about the status of cleantech, several cleantech accomplishments within the Department of Energy, and the organization she works for the Los Angeles Cleantech Incubator.

“Cleantech is here to stay, and it’s not just because we want it to but the numbers are there,” said Wong.

She talked about how wind and solar are now competitive in several parts of the country, and that the audience should continue to think about how cleantech can continue to be competitive.

“Since 2008 distributed PV, utility-scale PV, wind power, and batteries have decreased in cost, and that’s what we need to see because that’s what innovation is all about,” said Wong.

She stressed the importance of economics and again that the cleantech sector is here to stay. She also talked about how the U.S. is in competition with China when it comes to cleantech. It’s been recently announced that China will invest $360 billion by 2020 in renewable energy, averaging $120 billion a year.

“We also need to be thinking about how we can bring private capital back into clean energy,” said Wong.

For more on Jetta’s presentation, visit TAEBC’s Facebook page.