Tag: Dimensional Energy


Dimensional Energy Wins 2017 Venture Showcase

Dimensional Energy takes first place at CU Energy Symposium Venture Forum pitch event in the early-stage category

It’s 4 a.m. and Jason Salfi is behind the wheel en route to NYC to participate in Columbia University’s Energy Symposium. The event featured early and mid-stage companies, including Dimensional Energy, a Cornell research-derived startup that Jason serves as CEO.

“It was a fun day of adventure,” said Jason. “Filled with solid speakers and impressive pitches.”

Dimensional Energy has created an artificial photosynthesis process that converts waste carbon dioxide from power plant emissions into useful fuels and feedstocks of high values. Jason says, think of the process as operating a horizontal chimney:

“We’re creating a platform technology that will allow companies to divert large scale emissions from going into the atmosphere, utilizing what would otherwise be waste (CO2 and other GHGs) by running them through our reactor.”

Dimensional Energy will use the prize money from the Energy Symposium Venture Forum for fundraising related travel, and advanced graphics to best represent how their technology works. Jason says this is part of their big picture communications strategy.

Fully understanding customer requirements

Jason believes Dimension Energy stood out at the Energy Symposium because their technology is a bigger picture look at an untapped opportunity, whereas a lot of other pitches were early-stage, with many assumptions based on how they were going to take over the respective markets.

“Our pitch was more generalized. It laid out an open roadmap for how we’re going to go to market, who we’re talking to, and how a decision process is going to be formalized,” said Jason.

Most importantly, Jason shared how Dimensional Energy fits into the plans of a much bigger industry. These factors (market size and growth potential) echo what each team learns during the NEXUS-NY discovery process.

The power of a solid team

Jason credits the early success of Dimensional Energy to a core team of experts from different disciplines that bring together two departments of Cornell University and fellow NEXUS peer Clayton Poppe.

In 2016, NEXUS-NY piloted a new way to test the commercial potential of university research. David Erickson, Associate Professor in the Sibley School of Mechanical and Aerospace Engineering at Cornell, paired his technology with that of Tobias Hanrath, Associate Professor of Chemical and Biomolecular Engineering.

These principal inventors, along with a diverse team of scientists, entrepreneurs and MBA students from the Johnson Business School at Cornell, have proven the experiment successful.

Learn More: NEXUS-NY Pilots New University Research Opportunity

The ability to capture resources can make or break your startup

In a podcast produced by the New York Academy of Sciences, NEXUS-NY Executive Director Doug Buerkle said, “The thing that differentiates a successful startup from a failed startup is the ability to capture resources….and the way you get resources is if you’re able to tell your story in a compelling way.”

Dimensional Energy first captured the attention of Columbia Energy Symposium organizers during NEXUS-NY’s Demo Day in NYC last year. Jason believes it’s these kind of networking opportunities made possible by NEXUS-NY that are positioning Dimensional Energy front and center of this budding industry.

“The feedback from the judges at the Energy Symposium was positive. They could understand what Dimensional Energy was doing at a higher level,” added Jason. “Our presentation was relatable. It included slides with key takeaways and 40-point font. NEXUS-NY helped shape the way we communicate our technology, and we’ve had success as a result.”

Jason says over the last several months his team has been introduced to a whole new slew of industry partners ranging in size from small researchers from across U.S. and Canada, to corporations like Shell. “NEXUS-NY was the catalyst to getting a broad introduction to these resources, as well as assisting us gain an understanding of the carbon dioxide utilization market, and the needs to be met.”

Dimensional Energy preps for round 3 of Carbon XPrize Competition

Around the time NEXUS-NY’s 2016 accelerator was ending, Dimensional Energy started engaging deeper with the XPRIZE Foundation, which hosts a competition that awards $20 million to the team that designs the best solution for converting carbon into something that can be sold to offset the cost to capture it.

Having already moved into phase two, Jason says the team is currently building a Highlight Reactor as they prepare to compete in the next and final round of the Carbon XPrize Competition. Jason says the prototype will be available soon to test in the lab with a simulator.

“Through a partnership with Cornell’s Combined Heat and Power (CHP) Plant, a 30 mw facility, we’ll pipe emissions into our reactor and see what we get out the other end.”

Dimensional Energy will continue to refine their prototype, and have the results validated by a third party standards XPrize team. This process will determine if Dimensional Energy moves forward to round three, and unlocks $500,000 in funding.

“If we can scale quickly enough and prove out the efficiency of our reactor, it will make sense and align with industry partners to raise the money for the installation,” added Jason.

In total, the XPrize Competition will award $20 million in prize money, with the two winning teams each receiving $7.5 million.

Watch Dimensional Energy’s Promotion Video

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NEXUS-NY Portfolio Companies Raise Millions in Funding

NEXUS-NY portfolio companies continue to attract attention after graduating our clean energy proof-of-concept accelerator.

These clean energy companies have ventured on to raise millions in funding. We caught up with a few of our talented founders to get the latest on their successes.

Molecular Glasses closes $200,000 seed round; Wins 2nd grant from the Department of Energy for OLED testing 

2016 was a big year for Molecular Glasses Founder, Mike Molaire. His team moved into the Eastman Business Park and incorporated their business, which develops organic light-emitting diode (OLED) materials that work like semiconductors. These materials can be used to manufacture lower-cost and higher-performance TVs, smartphones, tablets and lighting devices.

While participating in the NEXUS-NY accelerator Mike began discussing funding opportunities with Rochester-based venture capital firm, Excell Partners. At the end of the program, executives at Excell expressed an interest in working with Molecular Glasses, and began the due diligence process.

Mike’s goal was to raise $400,000. With Excell’s investment requiring 50% matching from other investors, Mike first had to raise $200,000 from individual investors, friends and family. Excell recently started a new MWBE fund sponsored by NY state to support women and minority-owned businesses. Eligibility for that fund requires MWBE certification.

“With Excell’s assistance, we were able to complete this process successfully,” said Molaire. “At the end of December 2016 we secured a $100,000 match and were able to close on the first $200,000. We are now working toward closing the next $200,000 by the end of March. We have a $50,000 match already committed.”

Molecular Glasses will use its first round of seed funding to support patent activities and manage day-to-day operations. Currently, Molecular Glasses has five pending U.S. and twelve international patent applications. Mike says this is an important part of the company’s strategy.

“Our IP is very strong, and needs to be protected both nationally and internationally,” he added. Most of the people we are dealing with in this space are international companies from the far east, Europe, Japan and China. It’s important we maintain our patents.”

Last year Molecular Glasses was also awarded a grant from the Department of Energy, which helped the company fund its benchmark work. OLEDWorks in Rochester produced the 90 OLED devices under contract with the DOE. Mike says having his materials tested in a DOE certified laboratory provided credibility to the benchmark results, specifically 6 to 15x improvement in device lifetime.

“We took full advantage of this resource,” said Molaire. “We’re now working with OLED chemical suppliers, device manufacturers and independent nonprofit centers in Europe and Asia under nondisclosure agreements to continue this process.”

Mike continues to explore various grant options that will assist in the development of the technology. He says it will be exciting to supply these companies with samples so they can conduct their own tests using his materials. Mike believes this process to will be completed within the next 3-4 months.

American Fuel Cell Closes First Seed Round

Together with the support of High Tech Rochester, Excell Partners and independent investors from the Finger Lakes region, American Fuel Cell has closed its first seed round.

American Fuel Cell (AFC) is a premier supplier of individually tailored Membrane electrode Assemblies (MEA) for multiple Fuel Cell Applications. Through uniquely tailored chemical formulations, system level optimization expertise and high speed, thin film manufacturing machinery, AFC is producing high quality, low cost MEAs specific to any fuel cell application.

AFC Cofounder and CEO Dan O’Connell says the seed funding will be used to bring on additional resources and gear up for volume production. This includes acquiring new capital assets and purchase of raw materials. AFC is also looking for Process and Quality engineering talent, as well as those skilled at final assembly.

“The support American Fuel Cell is getting from the area is amazing. Between High Tech Rochester, Excell Partners, Greater Rochester Enterprise, NYSERDA, M&T Bank, Pathstone, SUNY Alfred State and RIT, we’re leveraging academia, industry, and state resources to expand our industry connections and take huge strides in extending our testing capability,” said O’Connell. “We consider ourselves very fortunate to be tapped into the local startup scene and bringing R&D/Manufacturing jobs back to NY state.”

In addition to closing this seed round, AFC has numerous funding opportunities in the pipeline that will accelerate research into the next generation MEA technology.

Ecolectro wins $150,000 with the Grants for Growth initiative 

Gabriel Rodriguez-Calero first heard about Grants for Growth from the Cornell network. As a co-Founder and CEO of Ecolectro, his mission is to advance his business by putting Ecolectro’s materials into the hands of customers early on in the material design process.

“Before applying to a funding source, I like to learn more about the objectives of each program,” explained Rodriguez-Calero. “If there are milestones associated with the program, if the funds can be used for manufacturing and business development, and how the funding can help Ecolectro reach more clients and potential customers.”

Gabriel says Grants for Growth was a perfect fit for what he’s aiming to accomplish. Ecolectro has developed structurally robust and highly conductive polymer membranes for a large range of applications, including hydrogen generators and fuel cell systems. Having already received $12,500 from the Grants for Growth program, Ecolectro was able to do material characterization and better understand the physical properties of their materials. The research also allowed the Ecolectro team to fine tune their value proposition for potential clients. Ecolectro has now moved on to Track 2 of the Grants for Growth program.

“We get a certain amount first, and as we hit milestones we unlock additional amounts of funding,” added Rodriguez-Calero.

In 2017, Ecolectro is busy making materials and doing evaluation work with customers, as well as reaching out to more clients. This process involves talking to clients and finding more potential synergy with system integrators that can use Ecolecto’s materials in their devices.

Ecolectro has recently opened an investment round. The team remains busy shipping samples and working through collaborative efforts with customers. Gabriel says Ecolectro is receiving a lot of customer interest.

“I love doing this. It’s pretty great,” he said. “I came to the university (Cornell) to work on things that had applications beyond pure research. That’s exactly what we are doing at Ecolectro!”

Other NEXUS-NY portfolio companies making big strides include:

  • Lionano recently closed its Series A;
  • Micatu won $1 million in the 76West Clean Competition, and ChromaNanoTech received a $250,000 prize;
  • Conamix received seed funding from Excell Partners, with the help of High Tech Rochester;
  • AMBIS Technologies partnered with CASE-RPI and the Mmofra Foundation in Ghana for a pilot testbed project;
  • And Dimensional Energy took home first place at Columbia University’s Energy Symposium 2017 Venture Showcase

Since the start of our clean energy accelerator, NEXUS-NY has worked with 30 participants, engagements from which 18 startup companies have been formed. With our help, numerous university licenses have been received, and each of the NEXUS-NY portfolio companies have completed, or are in the process of completing, successful pilot/customer evaluations.

We’re now working with 9 new NEXUS-NY portfolio companies in our 2017 cohort. Here’s a look at the next generation clean energy talent from across New York.

Stay updated on clean energy news, events and funding opportunities. Sign up for NEXUS-NY newsletters. You can also follow us on Twitter and LinkedIN.

NEXUS-NY 2016 Demo Day

7 Clean Energy Startups Changing the World

To date, NEXUS-NY has helped launch 15 startup companies. Eight graduates have gone on to raise more than $6.5MM, and four have generated initial customer revenue.

Interested commercializing your clean energy technology? Apply to NEXUS-NY.

Now meet the graduates of the 2016 Cohort of NEXUS-NY. Each presented at our annual Demo Day in Rochester, NY after completed the NEXUS-NY clean energy seed accelerator program.

Phase Innovations (SUNY Alfred)
Phase Innovations is developing a low-cost, advanced air conditioning system without chemical refrigerants, and which uses less energy than conventional systems.

Ducted Turbines International (Clarkson University)
DTI is a wind turbine company working to provide the lowest cost per kWh in the small turbine market (<10kW).

MIMiC (RPI)
The Rensselaer Polytechnic Institute is developing modular, switchable heating and cooling systems that reduce building energy consumption, while increasing occupant comfort.

Dimensional Energy (Cornell University)
Dimensional Energy is breaking new ground in artificial photosynthesis by converting waste carbon dioxide into green fuels using only sunlight as an energy source.

NanoHydro (SUNY Buffalo)
NanoHydro has developed a novel, proprietary nanomaterial capable of generating hydrogen gas from water, on demand and at room temperature.

BioEnergySP
BioEnergySP is working to commercialize its patent pending industrial equipment for wastewater treatment. Its Electroactive Attached Growth (EAG) modules save energy and expand treatment capacity for municipal and energy customers.

Cellec Technologies (RIT)
Cellec Technologies is using patented carbon nanotube (CNT) technologies to increase the performance of high-end lithium ion batteries by 40% for defense and intelligence applications.

About NEXUS-NY
NEXUS-NY is a clean energy seed accelerator. Each year we provide financial, business and educational support to around 10 entrepreneurial teams, which are selected through a competitive application process. Program participants are eligible to receive $50,000 or more of equity-free financial support, plus additional service from NEXUS-NY mentors and partner organizations. Our entrepreneurs come from research universities and the general community, and share several common traits:

  • They are passionate about their technology and want to start a great company
  • They want to solve big problems for real customers
  • They recognize the need to demonstrate their technology and business model though meaningful proof-of-concept prototypes and customer interactions

NEXUS-NY provides a structured customer commercialization process organized around answering three fundamental questions:

  • What is the best commercialization pathway for a given technology? Could it be through a startup?
  • Does technology work in a way that’s relevant to intended customers?
  • Will a customer actively engage to help validate the technology and business model?

The most promising graduating companies are eligible to receive follow on equity investments. NEXUS-NY is a program of High Tech Rochester (HTR) and is funded largely through a proof-of-concept center grant from NYSERDA.

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NEXUS-NY 2016 Teams Ready for Demo Day

NEXUS-NY is a clean energy seed accelerator. Each year the program provides financial, business and education support to entrepreneurial teams selected through a competitive application process.

Participants primarily come from NY research universities and share several common traits:

  1. They’re passionate about their research and want to start a great company
  2. They want to solve big problems for real customers
  3. They recognize the need to demonstrate their technology and business model through meaningful proof-of-concept prototype and customer interactions

Innovation Together - Proof of Concept CentersVIDEO: Innovating Together – Proof of Concept Centers

Mae-ling Lokko, founder of AMBIS Technologies and NEXUS-NY graduate featured by NY American Science and NYSERDA on the power mentorship through the NEXUS-NY’s proof-of-concept center.

“Our program strives to determine if someone should start a company, see if the technology actually works, and gain 3rd party validation of the technology and business model,” explained NEXUS-NY Executive Director Doug Buerkle. “In prior cohorts, many companies fell short of validation until well after the program ended. But for the 2016 teams, validation is a strong theme. Four of our graduating companies are, or will shortly be, conducting some type of customer demonstration study. This process validates the technology in a relevant environment and sends a strong signal to the rest of the market.”

Excited to showcase the 2016 participants in the NEXUS-NY program on Demo Day, here’s a racap of where the seven teams stand to date, and “Doug’s Take” on each team pitching on October 5 at the Rochester Public Market. Join us in celebrating their groundbreaking achievements! 

BioEnergySP – Saving Energy for Wastewater Treatment

BioEnergySP is a newly incorporated clean energy company that has invented novel 4th generation compartment free Microbial Fuel Cells. This patent pending industrial equipment Electroactive Attached Growth (EAG) technology saves energy for municipal and industrial customers, allowing facilities to significantly reduce operating expenses or to expand with minimal capital outlays.  Since the start of Phase 2 of the NEXUS-NY program, the leaders of BioEnergySP are excited to have built their first Pilot Scale prototype, which will be deployed in October in a New York State Wastewater Treatment Plant.

“This is an exciting milestone for our company that could not have been achieved without the mentorship and help of the NEXUS-NY program,” said Entrepreneurial Lead Adrian Cosma. “The pilot this fall will allow us to validate our technology and will get us one step closer to commercializing our technology. Recently we validated our technology in the lab, and there is the opportunity to offer tremendous value for our customers while having a positive effect on the environment.”

Doug’s Take: “Another great success story. In addition to being a 76West semifinalist, BioEnergySP has established a partnership with a leading engineering and construction firm that is going to build their pilot.  Their first system will be deployed at a New York wastewater treatment facility in the very near future.”

Cellec Technologies (RIT) – High-end Lithium Ion Batteries

Cellec Technologies is using patented technologies to improve the performance of high-end lithium ion batteries for small satellites, remote sensing and UAV applications in the defense and intelligence communities. The team is primarily composed of researchers from Rochester Institute of Technology. The Cellec team successfully exited phase 1 of the NEXUS-NY program in April, 2016 and has since been working on phase 2 deliverables. The team is working with several potential customers and expects to have its first orders shortly.

“Our efforts have primarily focused on improving our battery cell prototypes to meet customer deliverables. We have developed initial pouch cell batteries that show a 40% performance improvement over commercially available alternatives; while searching for ways to reduce the total cost of the battery cells without sacrificing performance,” explained Entrepreneurial Lead Brad Sparks. “Our multiple patents provide intellectual property protection and we have worked with the NYS Science + Technology Law Center to map the patent landscape.”

Doug’s Take: “RIT has built a functional prototype and could be in position to announce their first customer at Demo Day. This customer will deploy Cellec’s technology in a very unique and exciting application.  While many advanced battery companies are promising high energy density, these guys have demonstrated performance in prototypes which have been cycled hundreds of times.”

Dimensional Energy (Cornell) – Transformative CO2 Conversion Technologies

Growing concerns about rising CO2 emissions and related climate change have added urgency to the endeavor of carbon capture and conversion. To do so, Dimensional Energy focuses on creating artificial photosynthetic systems for hydrocarbon production. The technology at the heart of this clean energy startup integrates advanced light harvesting technology with novel nanostructured photocatalysts. While the prospect of mimicking natural photosynthesis to convert sunlight and CO2 to fuels has intrigued scientists and engineers for years, Dimensional Energy is exploring recent breakthroughs in catalyst development as an opportunity to develop CO2 conversion technologies based on materials that nature has not yet had the opportunity to work with.

“We embrace the high-risk, high-reward nature of this challenge as an opportunity to develop potentially transformative CO2 conversion technologies,” said Entrepreneurial Lead Jason Salfi. “The ambitious strategy outlined in our presentation builds on a solid platform of prior engineering and entrepreneurial experience within our team and access to state-of-the-art experimental facilities at Cornell University.”

Doug’s Take: “While it’s still early, the Cornell team has recently started generating promising data in their lab.  During their tenure in NEXUS, they’ve entered the $20MM Carbon XPRIZE competition and have won an Atkinson Venture Award from Cornell.  They are close to marrying their bioreactor and catalyst technologies into a single prototype. I believe they’ll have a very interesting story to tell come demo day.”

Ducted Turbines International (Clarkson University) – Twice the Energy Capture of Conventional Turbines

The Clarkson University team has been busy this summer turning their research into a company called Ducted Turbines International, as well as ordering parts, designing geometry and building the prototype that will soon be tested at the University of Waterloo in Canada.

“Waterloo has the size we need to place our turbine test rig right inside the wind tunnel,” said DTI product commercialization consultant Paul Pavone. Pavone and Visser describe how the turbine test rig will provide the data needed to validate the Computational Fluid Dynamic (CFD) modeling. The design was first generated on a computer, with the help of two Clarkson Ph.D. students to optimize the duct efficiency and performance of the rotor blades. “We’re looking forward to meeting this milestone soon and revealing preliminary data at NEXUS-NY Demo Day in October,” added Pavone.

Doug’s Take: “The Clarkson team appears to be making great technical progress, and has also developed some exciting partnerships. Paul Pavone joined this team through an introduction from a NEXUS-NY mentor, and they’ve recently started working on some manufacturing opportunities with P1 Industries, a company led by NEXUS-NY advisor, Dave Dussault.  All these little pieces came together through the NEXUS-NY program.”

MIMiC / Rensselaer Polytechnic Institute (CASE) – Modular Indoor MicroClimate

The Rensselaer Polytechnic Institute is working on a technology for localized heating and cooling, which reduces energy consumption and increases occupants comfort. The RPI team, known as MIMiC, plans to go to market initially with a novel modular unit using thermoelectric technologies, which has low energy draw and no moving parts. The technology enables supplemental heating and cooling in a single device without the need to dump heat outside, a huge opportunity to revolutionize portable devices.  

Since the beginning of Phase 2 of the program, we have focused our efforts to strengthen the business case and push forward the functional prototype,” said Berardo Matalucci, PhD Candidate at CASE leading the RPI team. “We understood that there is a clear and compelling business case for novel heating and cooling technologies. However, we need to show a functional prototype to convince our clients that the technology works. We envision a future in which building occupants can set their own preferences without increasing energy consumptions. The NEXUS-NY program has brought us unique help and support to derisk the technology, while accelerating the commercialization process,” he added.

Doug’s Take: “Berardo and his team have made fantastic progress on their prototypes.  This business opportunity carries a lot of technical and market risk, but Berardo and Theodorian continue to make very strong inroads in both areas. They’ve identified a potential pilot customer museum in NYC. Attendees can expect RPI to display a highly refined prototype at Demo Day.”

NanoHydro (University at Buffalo) – Hydrogen Storage & Generation Technology

NanoHydro, winner of the NYSERDA Energy / Sustainability award at the NYS Business Plan Competition, has been engaged in overcoming technical and business milestones during phase 2 of the NEXUS-NY program. At this stage, the team’s biggest milestone has been investigating and validating a process for large scale production. With this research, NanoHydro is looking to move from an expensive gram scale production method, to a kilogram scale production method using an inexpensive precursor. NanoHydro founder Parham Rohani started this research in collaboration with Buffalo Manufacturing Works. NanoHydro is also investigating hydrogen generation performance of their nanomaterial in pellet form.

“We’ve learned several invaluable lessons in this process that will help us in near future,” said Rohani. “In parallel with our lab research, NanoHydro has been deeply engaged in business plan development, customer discovery and market research. We believe that the hydrogen storage market for portable/remote applications is unserved and significant, and that our hydrogen storage/generation technology has great potential to successfully accelerate electricity generation using fuel cells in wide variety of applications,” he added.

Doug’s Take: “Parham knows his hydrogen producing nanomaterials work, the real question is if he can make the material in high volume. That’s why his new partnership with Buffalo Manufacturing Works on scale up is so important. Parham’s technology is being noticed by key customers; he will be presenting at the Defense Innovation Technology Acceleration Challenges in Austin, TX this November. This is a great potential funding and collaboration opportunity for NanoHydro.”

Phase Innovations (SUNY Alfred State) – Innovative New Cooling System

The team from SUNY Alfred State has invented an advanced cooling system that uses water instead of chemical refrigerants to cool buildings. Over the last several months, the researchers have formed a company called Phase Innovations and have diligently worked to test many different materials and designs for the development of their advanced prototype.

“We have identified a new class of materials that has a lot of promise for improved performance and cost,” said Entrepreneurial Lead Steve Wood. “The 2-ton cooling module for this initial customer validation prototype is anticipated to occupy a footprint of about one cubic meter.”

Doug’s Take: “We’re really happy with the progress the Alfred State team has made over the last 8 months.  They have a functional prototype and a pilot customer lined up for when they graduate the NEXUS-NY program. You can’t ask for anything more. They are working on membrane heat pump (MHP) technology, one that has been identified as very promising by the Department of Energy..”

Interested in the NEXUS-NY Proof-of-Concept Center?

Cohort 4 applications for the NEXUS-NY Clean Energy Seed Accelerator open on October 18. Researchers and aspiring entrepreneurs will have until November 11 to submit their ideas. Get a head start on the application process!