Wells Fargo Innovation Incubator (IN2)

HVAC systems account for up to 40% of commercial building energy consumption, making energy-efficient solutions more critical than ever for reducing costs, maintaining comfort, and meeting sustainability goals. CorePower Magnetics nanocrystalline axial flux motor technology  – which can be used for HVAC applications including air handlers, chillers, and circulation pumps – directly addresses the energy efficiency challenges facing building operators today. Advantages of CorePower's Next-Generation Electric Motor Solution: 🔶 Enhanced efficiency through drastically reduced iron losses compared to traditional silicon steel motors  🔶 Runs significantly cooler  🔶 Lean manufacturing process leading to lower production costs and enhanced scalability  🔶 No critical rare earth magnets necessary Efficiency Matters for HVAC Systems Because: 🔶 Reduces total building power demand, enabling significant utility cost savings. With 90% of the total cost of ownership for a typical motor being utility costs, even small efficiency gains mean big savings.  🔶 Wide range of high-efficiency operating points meets variable seasonal loads with minimal energy loss  🔶 Lower operating temperatures translate to extended equipment life  🔶 Improved thermal management reduces maintenance needs In an industry where every kilowatt hour counts, our technology helps you maximize comfort while minimizing energy costs.  To learn more about CorePower's next-generation electric motor solution please download our white paper https://lnkd.in/gma98_Wh. #HVAC #Innovation #TCO #EnergyEfficiency #Sustainability #GreenBuilding #FacilityManagement 

From soldering circuit boards in a college apartment to Forbes 30 Under 30 Transportation and Mobility - what a surreal moment to share with my co-founder and brother-in-arms Akhil Veluru. We started with a simple belief: installing EV charging and electric appliances at home doesn't need to be expensive and complicated. But the journey truly tested every ounce of our conviction. Akhil lived in my closet for months on end while we poured everything into our dream. When visa issues forced him back to India, we didn't just face a business challenge - we faced the separation of two friends who'd become family. Yet somehow, those darkest moments lit our path forward. Akhil made it back to the U.S. just one month before COVID locked down the world. That same apartment where we hand-assembled our first Smart Splitters on our kitchen counter has evolved into something bigger than we could've imagined. Today, NeoCharge has helped North American families avoid almost $50M in unnecessary panel upgrades and energy costs. 2023 brought a fun new challenge: diving headfirst into software. Armed with YouTube tutorials and endless cups of coffee, I taught myself to code. The NeoCharge app emerged from those sleepless nights - not just as lines of code, but as a free tool now helping thousands of EV drivers (now integrated with 18 EV brands) save hundreds annually while reducing their carbon footprint and supporting their local grid. (Download it free Android/IOS!) This Forbes recognition isn't just about Akhil and me - it's a testament to every Advisor, investor, organization, and person who believed in two engineers with a crazy dream: To California Polytechnic State University-San Luis Obispo, Cal Poly Center for Innovation & Entrepreneurship, who gave us our first shot. To Cleantech San Diego and the Los Angeles Cleantech Incubator (LACI) who saw and believed in our vision before we could fully articulate it. To the National Renewable Energy Laboratory and the Wells Fargo Innovation Incubator (IN2) who opened their world-class labs to us, supported critical product testing, and grant funding that helped us scale. To our families, friends, and mentors who provided endless support, wisdom, and love - from late-night pep talks to crucial introductions, you've been our backbone throughout this journey. And most importantly, to our phenomenal NeoCharge family who make our mission a reality every single day. From those first circuit boards to tens of thousands of homes, we've learned that true innovation isn't about working harder - it's about testing assumptions, building products people love, and having the audacity to question 'impossible' when others accept it as fact. To every homeowner, renter, and EV driver who has joined us on this journey: thank you for trusting us and believing in us. Excited for the new chapters ahead. #Forbes30Under30 #CleanEnergy #EVCharging

From a model green school targeting a 40 percent reduction in greenhouse gas emissions to the retrofit of a rooftop cooling unit with novel liquid desiccant technology, several innovative ideas for addressing decarbonization in the built environment were on display at the Wells Fargo Innovation Incubator (IN2) inaugural Scalable Tech Track program’s final showcase this week. The event was held in Golden, Colorado, at the U.S. Department of Energy’s National Renewable Energy Laboratory, which administers and houses the program. Thornton Tomasetti Managing Principal and Senior Advisor Tom Scarangello had the tough task of serving as one of the judges for the program, created in collaboration with Overlay Capital, that awards grants to early-stage clean technology entrepreneurs to accelerate adoption. These IN2 clean tech ideas will help address today’s climate challenges and position us for a better tomorrow. Well done to all who took part in the presentations! Pictured are (from left) Kristin Field-Macumber, Stacy Scopano, Kelly Souza, Christopher Bowyer, Julieta Moradei, Sarah Derdowski, Ramsay Huntley, Tom Scarangello and Ravi Anant Kishore.

This week we were honored to convene Connecticut’s first-ever energy-related Hispanic Roundtable. Together with National Hispanic Energy Council (NHEC), the event brought together 15 #Hispanic legislators, municipal officials, business executives, and nonprofit leaders to discuss #energy issues facing the Hispanic community. The roundtable was moderated by Julio Fuentes, Chair of the NHEC and Founder of the Florida State Hispanic Chamber of Commerce, while Avangrid CEO Pedro Azagra provided the keynote remarks. “As a member of the Iberdrola Group, which is headquartered in Spain and includes subsidiaries in Mexico and Brazil, Avangrid is fully committed to supporting and partnering with the Hispanic and #Latino community here in the United States,” said Azagra. Read more: https://ow.ly/q4Uc50UbX3O Special thanks to: Sen. Jorge Cabrera, CT Senate Moses Rams, United Illuminating Chief Line Crew Leader, President of UWUA Local 470-1 Lee Cruz, Director of Strategic Partnerships, The Community Foundation for Greater New Haven Rep. Juan Candelaria, CT House Elmer Rivera Bello, Executive Director, CASA OTONAL INC Housing Corporation Ruthy Quiles, Constituent Liaison, Senator Blumenthal's Office Joseph Rodriguez, President, Puerto Ricans United Magaly Cajigas, State Director, Hispanic Federation of Connecticut Desiree Brooks, The WorkPlace Araceli Marquez Fuentes, The WorkPlace John Torres, Executive Director, Bridgeport Caribe Youth Leaders