BRITE companies chosen for top early accelerator program
WARREN — Two portfolio companies of BRITE Energy Innovators will be part of one of the top early stage clean tech business accelerator programs in the U.S.
Columbus-based Power to Hydrogen and Jordan Energy Alternative of Marion are among seven startups in the Midwest participating in the Central U.S. division of the Cleantech Open, a 20-week boot camp-style program that promotes innovation among companies in the energy sector.
The program, which often improves companies’ chances are landing venture capital investment, focuses on marketing and validation.
It runs through late October.
“It is very cool that our companies are being selected to participate in this highly competitive international program,” said Rick Stockburger, BRITE CEO. “It just goes to show that with hard work and home-grown talent, we can be players on the world energy stage.”
Founded in 2019, Jordan Energy Alternative’s is working toward affordable renewable energy products for residential and small business applications. It has received funding for its inaugural technology, a portable hybrid wind and solar energy capture unit that is capable of both urban and suburban uses.
Power to Hydrogen is developing what company founders call a “clean energy bridge,”an advanced reversible fuel cell that converts electricity and water into high purity hydrogen and oxygen, and when needed, back to power.
Since its founding in 2010, Cleantech Open Midwest, an affiliate of the Cleantech Open – the world’s largest cleantech accelerator, has worked with more than 150 startup companies that have gone on to raise more than $30 million in external capital. It works with companies in Ohio Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin.