Building a future energy grid that meets evolving customer needs and expectations requires innovation and collaboration
US energy provider, Ameren Corporation, has announced the seven companies that have been selected to participate in the Ameren Accelerator, which attracted interest from 200 companies across 23 states and 31 countries. Solutions include a sensor that enables the Internet of Things within the smart grid and a smart plug which offers open source API for developers.
The 12-week programme is an innovative public-private partnership with the University of Missouri System, the University of Missouri-St Louis (UMSL) Accelerate and innovation engine company, Capital Innovators.
"Building a future energy grid that meets evolving customer needs and expectations requires collaboration, innovative thinking and investment in the technologies of tomorrow," said Warner Baxter, chairman, president and CEO of Ameren Corporation.
He added: "The companies selected for the Ameren Accelerator offer promising innovations for the energy sector and the customers we serve. We look forward to working closely with these innovators and our partners through this unique initiative to help find new energy solutions and to deliver even greater value to our customers and the communities we serve."
The following companies were selected through a series of interviews and evaluations, which culminated at a pitch day event where the final seven applicants were selected:
Each company will receive up to $100,000 in seed funding in addition to intensive mentoring, technical assistance, facilities and networking connections from the Ameren Accelerator partners.
The participants will be based out of UMSL Accelerate, eastern Missouri’s largest research university which fosters entrepreneurism and innovation, and Capital Innovators co-working spaces located in Cortex, a St Louis innovation district.
The Ameren Accelerator will better position Ameren to meet its customers’ future energy needs and expectations, create new jobs through these start-up companies and provide university students opportunities to be more engaged in the energy business.
Participants will be invited to showcase their efforts to both the mentoring teams and potential third-party investors during the Ameren Accelerator Demo Day in October. Ameren may select the most promising projects for ongoing mentoring and engagement beyond the Accelerator programme.
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