Andluca Technologies, Inc. has been selected as one of the 10 early-stage companies to participate in the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) Industry Growth Forum. The Industry Growth Forum has grown into the nation’s premier clean energy investment forum. Each year the event brings together cleantech innovators, potential investors, and industry experts.
This year’s event is the 26th annual and will take place April 20-22 online. 40 companies were selected in total across four categories: emerging markets, early stage, commercial stage, and growth stage. More than 150 companies applied to be a part of the event. “We received applications from around the world and across technology sectors. It was a challenge for our investor selection committee to narrow the selection down to the top 40 start-ups,” said Industry Growth Forum Program Manager Sheila Ebbitt.
As the effects of climate change become more pronounced and obvious, the race for innovative solutions ratchets up. “We’re facing global pressures to reduce negative climate impacts and ensure clean water, clean air, and sustainable energy and food systems,” Ebbitt continued. Energy use in buildings represents roughly 40% of US energy demand, with inefficient glass facades a key culprit of building inefficiency and occupant discomfort.
Over 50% of US buildings will still be in use in 2050, and in cities like NYC that percentage is as high as 90%. Electrochromic glass is proven to save energy and improve human wellness, but this technology has been held back by high costs and difficulty in adoption due to wiring. Over 90% of electrochromic glass installations have been in the new construction space. Andluca’s patented wireless electrochromic technology eliminates both barriers and allows for seamless adoption in the existing building market. This event represents an opportunity for Andluca to continue its momentum and create lasting partnerships with important decision makers across the industry.
About Andluca Technologies:
Andluca, a Princeton University spin-out, has developed UV-solar-powered smart glass for improving the energy efficiency of buildings. Andluca’s patented technologies can reduce building energy use by up to 40% while significantly enhancing occupant comfort and productivity. Unlike available wired smart glass products – which require major renovation and installation by an electrician – Andluca’s wireless smart glass can be installed quickly and non-disruptively. Learn more about Andluca here: https://andluca.com/
About the National Renewable Energy Laboratory:
NREL is the U.S. Department of Energy's primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for the Energy Department by the Alliance for Sustainable Energy, LLC.
If you are interested in joining forces, feel free to reach out to us.Contact us