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.

Solar Site Design is first graduate of Tennessee’s Energy Mentor Network

The Energy Mentor Network, a mentorship program that supports energy entrepreneurs and startups in Tennessee, has announced its first graduate, Solar Site Design. The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

The goal of the Energy Mentor Network is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors and industry specific expertise. The Network pairs mentors with promising new companies through a structured program involving panel presentations and mentoring sessions.

Headquartered in Nashville, Tennessee, Solar Site Design is a collaborative, cloud-based marketplace platform that connects sales-ready commercial and industrial solar projects to top solar construction companies to drive down customer acquisition costs.

Solar Site Design achieved significant traction while enrolled in the Energy Mentor Network Program. More than 85 construction companies from 27 states have subscribed since the marketplace launched last year. Solar Site Design was among the first pool of applicants to be accepted in November 2016, and the company received strategic business, marketing, and financial guidance by completing a series of panels and discussions with its mentors.

“Solar Site Design is on track to double Commercial Marketplace memberships by the end of 2017 and standardize ‘behind the meter’ commercial solar origination nationwide,” said Jason Loyet, Founder of Solar Site Design.

The company is partnering with leading solar panel manufacturers that will help to attract more construction companies to subscribe to its Commercial Marketplace platform.

The mentor team for Solar Site Design included Entrepreneur-in-Residence Harvey Abouelata, Vice President of Commercial Solar at Solar Alliance; Coleman Adams, Managing Director of Crescendo Power; and John Hopkins, interim CEO of the Institute for Advanced Composites Manufacturing Innovation.

In 2015, Solar Site Design won the U.S. Department of Energy’s SunShot Catalyst award for its innovation on driving down the cost of solar through its software platform. The company was also invited to participate in Launch Tennessee’s annual pitch competition at 36|86, the Southeast’s premier entrepreneurship and technology conference in 2017.

“Tennessee is in a unique position to become the center of success for energy entrepreneurs and businesses,” said Matt Kisber, President of TAEBC and President & CEO of Silicon Ranch Corporation. “The Energy Mentor Network is yet another tool Tennessee can leverage to become the #1 state in the Southeast for high-quality jobs.”

Tennessee has emerged as a leader in the $1.4 trillion global advanced energy market. TAEBC’s Advanced Energy Economic Impact Report found that advanced energy contributes $33.4 billion to the State’s GDP, employs nearly 325,000 and includes 17,000 businesses. Mentorship to energy entrepreneurs is critical to growing advanced energy’s economic impact in Tennessee.

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.

Energy Mentor Network Spotlight: Ben Jordan

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 highlights Ben Jordan, Manufacturing Manager for Centrus Energy Corporation’s Technology and Manufacturing Center. He has 20 years of experience with manufacturing, engineering, operations management, research and design, and entrepreneurship.

He is responsible for $50M+ of precision manufacturing equipment including precision CNC machine tools as well as the associated inspection and certification equipment. He is also responsible for business development in this role.

He joined Centrus from Fleetguard (Cummins Subsidiary) where he served as the Manufacturing Supervisor. In this capacity, he was responsible for the financial performance, production targets, and quality performance of two high change-over assembly lines.

He earned a Master’s in Mechanical Engineering and a Master’s in Business Administration from the University of Tennessee in Knoxville. He has obtained certification as a Project Management Professional and is a Derivative Classifier of Centrifuge information.

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.