Aed Energy

Thank you to Jonny Prest for hosting our CEO Rayan Kassis on the latest Energy Futures Podcast by Energy Futures Lab, Imperial College London. Could Aed Energy's thermal battery technology be the key to zero-carbon grids? The short answer is yes (watch the episode👇 ). With energy demand skyrocketing worldwide and fossil fuel demand witnessing record years - unlocking low-cost, long duration storage is critical to providing a viable alternative to the reliable, cheap, 24/7 energy they deliver. Our use of extremely cheap, widely abundant thermal storage materials, combined with our advanced thermal-to-power conversion technology, provides a cost-effective, scalable solution to this challenge. A special mention to our team, partners & supporters Zero Carbon Capital, Carbon13, and Undaunted: Tackling climate change with innovation for seeing clearly ahead of the curve on this critical sector need.

We’re pleased to announce that Aed Energy has been selected by Office of Electricity | U.S. Department of Energy (OE) as one of the recipients of a $1 million energy storage technical assistance voucher program. This program supports innovators and communities in delivering robust, scalable energy storage solutions that enhance grid reliability and sustainable energy access across the U.S. In collaboration with Grand Summit Group, we will be working to advance our U.S. supply chain capabilities and contribute to the U.S. national strategy for affordable, long-duration energy storage. Grand Summit’s expertise in technical modeling, performance validation, and commercialization will be instrumental as we scale our long duration energy storage technology to support a resilient, low-cost energy future. Read more about the vouchers here: https://bit.ly/3CyjU1e

🌍 Last week the Zero Emission Generators Accelerator Programme’s Ignite activity took place in Lagos, Nigeria. The activity supported 16 innovative businesses that are currently in phase 1 of their ZE-Gen projects and preparing for phase 2, which requires collaboration in country. We had an incredible week engaging with a variety of stakeholders in Nigeria, with highlights including: hearing about the work PAM Africa (Dr. Patrick Agese) and it’s subsidiaries are conducting in the energy space during the inaugural PAM Day; attending Nigeria Energy where James C. hosted a technical seminar during which the 16 businesses had the opportunity to present their projects to a room full of energy stakeholders, followed by a reception hosted by Eauxwell Nigeria Limited for networking; meetings with CEIP | Circular Economy Innovation Partnership, Innov8 Hub, IHS Towers, African Industries Group, Sterling Bank, Nigeria Climate Innovation Center, Oando Clean Energy Limited (Oando Plc), Novastar Ventures, and All On; and visiting Eauxwell Nigeria’s solar power plant at the Federal University Of Agriculture, Abeokuta. Throughout the week the cohort presented their projects/technology and engaged in fruitful discussion with the stakeholders and one another, which was exciting to see ahead of phase 2 of the ZE-Gen programme! Below you can find the business we are supporting: Aed Energy Alp Technologies Anfani Botanic Energy Centre for Energy Equality dpSun Eja-Ice Gamma Meon Hinckley Associates Nigeria mopo (Mobile Power) Moonlight Energy Phase Change Material Products Ltd. Sleekabyte Technologies ThinkClock Battery Labs Tree-Associates Wave Insight Limited Innovate UK The Carbon Trust Transforming Energy Access Foreign, Commonwealth and Development Office Department for Business and Trade Gail Leathley Richard Basgallop Ayrton Fund UK in Nigeria

A very warm welcome to Shumithira Gandan, PhD, who has joined the Aed Energy team as Optics and Semiconductor Physicist. Shumithira began her role in May and recently relocated to our London office. She has a strong interest in cleantech and applied research for industrial applications, with extensive experience in optical characterisation of III-V semiconductor materials and devices, including low-dimensional and novel systems. Shumithira earned her PhD in Semiconductor Physics from the Tyndall National Institute in Cork, Ireland, and brings valuable experience as a research scientist in industrial R&D. Welcome to the team, Shumithira!

Aed Energy is lowering the cost of #decarbonised #power and #heat. The team is building a low-cost thermal #battery to deliver long-duration storage dispatchable as #electricity and heat. Come and see them pitch to investors next Thursday, 19 September, at The Greenhouse Demo Day! They'll join ten other climate innovators on the historic stage of The Royal Institution. It's a fantastic opportunity to meet green startups, network with Imperial College London's innovation community, and hear expert talks on the evolving geopolitical landscape and its potential impact on climate innovators. ➡ Register for Demo Day: https://lnkd.in/euv3SRgZ ⚡ Learn more about Aed Energy: https://aed.energy/ The Greenhouse programme is supported by the Greater London Authority via the Mayor of London; HSBC UK #hsbcuk, through the bank’s global Climate Solutions Partnership; and the Inflexion Foundation. Grantham Institute - Climate Change and the Environment Rayan Kassis Oliver Weber

We're excited to announce that Aed Energy has been selected among twenty projects aiming to advance reliable, cost-effective renewable energy-based alternatives to fossil-fueled generators in the Philippines and Nigeria, as part of the first phase of the Zero Emission Generators (ZE-Gen) Technology Accelerator. ZE-Gen is a collaborative initiative led by The Carbon Trust and Innovate UK, with support from the IKEA Foundation and UK aid through the UK Government’s Ayrton Fund. Launched at COP27 with an initial commitment of over £19 million and an ambition to scale to £100 million, ZE-Gen is designed to tackle barriers, accelerate innovation and fund activities to build a thriving, competitive market for renewable alternatives to fossil-fuelled generators. Of the estimated 25 million fossil-fueled generators used worldwide, three million are in Nigeria and one million in the Philippines, costing billions annually in expensive fossil fuel consumption. In Nigeria alone, daily diesel consumption averages 14 million litres due to unreliable on-grid power, with Nigerians spending over N1 trillion (2.2 billion USD) in Q2 2023 alone, according to the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA). Despite their critical function, the unsubsidised cost of electricity from diesel generators can exceed $400 per megawatt hour (MWh), placing significant economic strain on dependent regions. Our project aims to demonstrate a low-cost, clean, and reliable alternative: modular energy storage technology paired with intermittent renewable energy in a deployable configuration. At commercial scale, Aed Energy’s transformative solid-state engine delivers up to 100 hours of stored energy using very low-cost, abundant materials, with the ultimate goal of achieving an affordable roundtrip levelised cost of electricity (LCOE) under $100 per MWh. We’re looking forward to working with our partners in Nigeria and advancing our mission to accelerate access to affordable, clean energy worldwide. @Zero Emission Generators @Ayrton Fund @Transforming Energy Access @IKEA Foundation @The Carbon Trust @Innovate UK

We're excited to announce that Aed Energy has been selected among twenty projects aiming to advance reliable, cost-effective renewable energy-based alternatives to fossil-fueled generators in the Philippines and Nigeria, as part of the first phase of the Zero Emission Generators (ZE-Gen) Technology Accelerator. ZE-Gen is a collaborative initiative led by The Carbon Trust and Innovate UK, with support from the IKEA Foundation and UK aid through the UK Government’s Ayrton Fund. Launched at COP27 with an initial commitment of over £19 million and an ambition to scale to £100 million, ZE-Gen is designed to tackle barriers, accelerate innovation and fund activities to build a thriving, competitive market for renewable alternatives to fossil-fuelled generators. Of the estimated 25 million fossil-fueled generators used worldwide, three million are in Nigeria and one million in the Philippines, costing billions annually in expensive fossil fuel consumption. In Nigeria alone, daily diesel consumption averages 14 million litres due to unreliable on-grid power, with Nigerians spending over N1 trillion (2.2 billion USD) in Q2 2023 alone, according to the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA). Despite their critical function, the unsubsidised cost of electricity from diesel generators can exceed $400 per megawatt hour (MWh), placing significant economic strain on dependent regions. Our project aims to demonstrate a low-cost, clean, and reliable alternative: modular energy storage technology paired with intermittent renewable energy in a deployable configuration. At commercial scale, Aed Energy’s transformative solid-state engine delivers up to 100 hours of stored energy using very low-cost, abundant materials, with the ultimate goal of achieving an affordable roundtrip levelised cost of electricity (LCOE) under $100 per MWh. We’re looking forward to working with our partners in Nigeria and advancing our mission to accelerate access to affordable, clean energy worldwide. @Zero Emission Generators @Ayrton Fund @Transforming Energy Access @IKEA Foundation @The Carbon Trust @Innovate UK

It’s a wrap! We’ve had a busy Q2 at all the various climate tech events, and were lucky enough to get a few chances to contribute to panel conversations. Hopefully our paths crossed with you at one of these events! We also announced our new investments in Aed Energy pre-seed round, and in Cambridge Electric Cement’s seed round. Our Research and Analytics team published new blog posts spilling the tea on TEA, and what we need to modernise the grid. We also shared our thoughts about spinouts, carbon management and why we only invest in hard tech. 🔥 Aed Energy https://lnkd.in/e2CMs6fW 🏭 Cambridge Electric Cement https://lnkd.in/ejryghMP ☕️ TEA https://lnkd.in/eFwxRJRh ⚡️ Grid https://lnkd.in/eiCgeJzH 🎓 Spinouts https://lnkd.in/eQaFbMwP ⚛️ Hard tech https://lnkd.in/ecEzK5ZU 🌬 Carbon management https://lnkd.in/d9FXYwQQ We’ve got lots of plans for the summer - and a few announcements coming soon 👀 - but we’d love to hear from you if you are working on something new. 🍁 And, looking forward to seeing you all again in September. Our favourite “Back to School” event is The Drop in Malmo on 17th September - get in touch with Pippa, Max or Chloe if you would like to meet up. Watch out for applications to Chloe’s Ripple about the Grid, co-hosted with TDK Ventures' Marc Bouchet. ZCC will also be co-hosting a Super Climate party. 🏖 Hope you all have a great summer! Photos below: ✈️ Sarah at the Innovate UK Sustainable Aviation Fuel Initiative talking about how early-stage start-ups can raise money. 💸 Pippa at the Cambridge Judge Business School at the Cambridge University Energy Network Summit sharing thoughts about investing in innovation with engineering and management students. 💶 Pippa onstage at Energy Tech Summit in Bilbao exploring opportunities of catalytic capital, government-backed financing and blended finance. 🧱 Max at the EIT RawMaterials Summit in Brussels talking about decarbonising critical materials. 🌍 Pippa in London at Climate First Leadership Summit, talking about driving innovation amidst global challenges. 🍕 Max helping to kick off the new Carbon13 Berlin cohort sharing what investors are expecting from founders at ClimateTech & Pizza. 🧬 Sarah moderating the bioindustry panel at the Cleantech Scandinavia conference in Helsinki. 🚦 Pippa onstage with Undaunted: Tackling climate change with innovation during London Climate Action Week talking about signals, trends & levers in the climate innovation ecosystem. (and a bonus photo of our team dinner 😋)

Excellent to welcome an engaged audience to our Innovation Hub at The Royal Institution on Monday for #LCAW2024, and really wonderful to see how London Climate Action Week is flourishing year-on-year... so much so, that there's just too much for one person/team to cover in entirety! So, what have you been getting up to this #LCAW? Tell us your highlights so far in the comments ⤵ 💜 Thank you to everyone who joined us for our Innovation Showcase! 💜 🗨 Our panellists, who shared their perspectives and sparked interesting discussions on our themes of: 🤝 Co-creating the Future: Signals, Trends & Levers in the Climate Innovation Ecosystem and 💸 London’s Green Economy: How Innovators Deliver Growth. The panel discussions will be available to watch again shortly - stay in-the-loop by signing up to our newsletter: https://lnkd.in/egeHQEBg 🎤 Our fab MC Yewande Akinola MBE FIET HonFREng 💭 Our audience, who approached the panel discussions thoughtfully and asked insightful questions that got us all thinking 💚 15 of our brilliant alumni startups who took part in the Showcase, and whose passion for tackling climate change is invigorating and inspiring: Anzen - the world's first climate wall with integrated heating, cooling, and heat recovery ventilation Vox Aeris - lowering the energy and maintenance costs associated with air filtration Cyanoskin - a living paint designed to absorb pollution Firstplanit - the world's most intelligent greener planning tool to simplify complex material decisions Isometric Outcomes - a social enterprise specialising in engineering product design PulpaTronics - revolutionary metal-free and chipless RFID tags made to preserve our natural resources Aed Energy - low-cost, long-duration energy storage Team Repair - kits that let kids get hands-on with real products, developing an intrinsic interest in how things work Algreen Ltd. - a renewable chemical company focusing on the development of environmental sustainable solutions for a green future Olsights - clean energy data visualisation and application developer Treeconomy - using satellite & drone remote sensing data & AI to bring trust and data to nature-based carbon removal Evotrack - using AI to make EV charging more profitable nodum - a revolutionary product that will help bring cheaper EV charging to people who live in terraced homes Agave Networks - revolutionising the scrap metal export industry Radiant Matter - developing a new generation of nature-inspired colour effects to help the textile industry dramatically reduce its environmental impact Grantham Institute - Climate Change and the Environment Elissa Brunato Alex Conway Lucy Yu Pippa Gawley Peter Runacres

Two great opportunities for you to better get to know our mission and the path to joining it. One accessible from all over the world, one especially for everyone in and around Berlin: 1️⃣ Webinar on Tuesday, 9th July at 17:30 GMT+1 / 18:30 CEST Learn from Oliver Weber, CTO and Cofounder of Aed Energy (Cambridge Cohort 4) what it feels like to embark on the entrepreneurial path in the climate tech world.. 🛤 🤳 Link in comments 2️⃣ CLIMATE TECH & PIZZA in Berlin: How to pitch and assess climate deeptech on Tuesday, 2nd July at 17:30 We talk about the experiences of both deep tech investors and founders, and explore the question of how to evaluate and explain solutions so profound that understanding them is a very challenging task. These deep tech experts are with us: Dong (Xiangdong) Zhao, Cofounder @fungtional.bio Melina Sánchez Montañés, Principal AENU Iris ten Have, PhD, Founding Principal @TOMORROW Moritz Vohler, Impact Investor better ventures Maxi Pethö-Schramm, Investment Manager HV Capital Aurianne Legris, ClimateTech & DeepTech investor Honda Innovations Filip Valusiak, Head of Operations Techspace 🤳 Link in comments Will we see you soon? 💚