EnterpriseWorks

Dr. Bianca Bailey, the founder and CEO of EnterpriseWorks startup Agriwater, was named the fourth annual recipient of the Cleantech Inclusion award. This award from the U.S. Bank Foundation and Evergreen Climate Innovations supports female and minority entrepreneurs whose work benefits the environment and includes a $25,000 grant and one year of mentorship. Agriwater’s innovative technology specializes in electrolysis that electrifies manure slurry into clean water and other valuable commodities. It emits electrical current through wastewater to remove heavy metals, thereby reducing CO2 emissions and keeping farmers within regulatory compliance. Dr. Bailey started the company in 2021 amid a doctorate program in agricultural engineering at the University of Illinois.  Bailey looks forward to the resources made available by the Cleantech award program. “Being a smart entrepreneur when it comes to technology is also knowing that you can’t just focus on the technology, but you also need to focus on the intellectual property and business implementation of the technology… You can have great technology, but if the business model and everything else doesn’t work out, then it’s simply just a good idea,” – Dr. Bianca Bailey, Agriwater CEO Read more about the award on the U.S. Bank Foundation website.

Cache Energy, an EnterpriseWorks startup, has been awarded the Successful Energy Storage Innovations Prize from the Department of Energy (DOE). The Energy Storage Innovations Prize program is one of several DOE initiatives designed to recognize outstanding energy storage innovators from across the nation which can ensure U.S energy security and self-reliance. Cache Energy was chosen from among some of the best energy innovation projects in the nation to win this recognition and the $10,000 prize.  “The award gives us the highest possible recognition through the dept of energy recognizing the potential of our grid scale technology.” – Arpit Dwivedi, Cache CEO Their patented method of adding storage to existing electricity grids was the driving factor in their selection. Cache Energy is developing a heat battery that can store energy as heat indefinitely and release when needed, either as heat or electricity. This technology can store grid electricity cheaply on a large scale. It can also enable a transition to renewable energy by helping industries move away from fossil fuel and allowing wastewater treatment plants and landfills to store the energy of biogas released, which otherwise is primarily wasted. This innovative technology could have a monumental impact on the nation’s energy supply. In their 2023 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast that crude oil production in the United States will average 12.4 million barrels per day (b/d) in 2023 and 12.8 million b/d in 2024, surpassing the previous record of 12.3 million b/d set in 2019. With Cache Energy’s patented method of adding energy storage to existing electricity grids, they are paving the way for better use of renewable energy sources. Utilities across the country are taking note of the potential this technology has to reduce energy costs and increase energy efficiency. It could also prove to be a bridge to tougher energy standards in the near future. Cache Energy’s innovative technology is a win-win for both the utility industry and consumers. It may eventually revolutionize the way in which utilities store and deliver energy, and also reduce reliance on more expensive energy sources like gas and coal. They are also the only company from Illinois to win the award this year, and also are one of the youngest recipients of the award. Congratulations to Cache Energy on their outstanding award, and we are looking forward to seeing what the future may hold for their pioneering technology. 

EnterpriseWorks startup Natrion has been named a finalist in the LG Energy Solution Battery Challenge 2022 for its work in developing and scaling up solid state lithium metal battery technology.  Natrion, a clean energy technology startup, impressed the judging panel with its developments in solid state lithium metal battery technology, leading to it being selected as a finalist. Natrion is one of 11 finalists from around the world competing for the challenge.  “We’re deeply grateful and honored to advance and get recognition in this competition,” said Natrion co-founder and CEO Alex Kosyakov. “The opportunities that lie in potentially working together with an industry leader like LGES are boundless. This is something that can really accelerate Natrion’s path to commercialization.”  The Battery Challenge 2022, which is part of LG’s larger effort to develop next-generation energy storage solutions, aims to recognize pioneering technologies related to battery recycling, manufacturing, and energy storage.   Winners of the challenge will be eligible to receive up to $1 million in funding and research contracts.