Fourth Annual Clean Energy Venture Summit Enables Emerging Clean Tech Companies to Plug Into $29 Million Acclaimed Alternative Energy Project

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Fourth Annual Clean Energy Venture offers Emerging Clean Tech Companies Opportunity to get Plugged Into $29 Million Acclaimed Alternative Energy Project

The fourth annual Clean Energy Venture Summit (CEVS), a partnership between the Austin Technology Incubator (ATI) and Austin Energy, will showcase the nation’s leading clean energy technology startups as they vie for their spot in Austin’s $29 million smart grid and smart home demonstration project. CEVS serves as a gateway for early-stage companies to participate in the nationally acclaimed Pecan Street Project Energy Internet Demonstration, a non-profit smart grid and clean energy research and development organization headquartered at the University of Texas at Austin.

The Pecan Street Project aims to develop and implement an energy internet in Austin’s 700-acre Robert Mueller mixed-use redevelopment community. The $29 million project is funded by a U.S Department of Energy grant, the City of Austin and the National Science Foundation. The Pecan Street Project will integrate with Austin Energy’s next-generation smart grid platform to create, operate and evaluate an open platform energy internet; a type of smart grid that allows two-way electricity and information flow modeled on the architecture of the Internet.

“A key goal of our conference is to connect emerging companies with both investors, players in the Pecan Street Project and leaders at Austin Energy to create the smart grid of the future,” said Isaac Barchas, director, Austin Technology Incubator. “CEVS offers a unique platform for being part of one of the most sophisticated and revolutionary clean energy projects in the nation.”

The summit, to be held September 29-30, has confirmed the attendance of over a dozen leading venture capitalists, angel and institutional investors, including: DFJ Mercury, Central Texas Angel Network, LiveOak Venture Partners, Houston Angel Network, North Texas Angel Network, Concho Valley Angel Network, Silverton Partners, Battery Ventures, Yellowstone Capital Partners, Silicon Valley Bank, TKO Energy, Applied Ventures, 21 Ventures, Access Venture Partners, Cottonwood Technology Fund, Buffalo Jump Energy Corp. and Business Earth. As one of the most prolific funding resources of its kind in the country for emerging clean tech companies, investments for each company selected to present historically average from $300,000 to $1 million.

The summit will feature a competition of 20 early stage clean energy companies in the Pecan Street Project’s seven focus areas, including: energy management; building-integrated energy efficiency technologies; smart appliances; energy information systems; smart resource management (electricity, water, gas and waste); distributed energy storage; and distributed fueling for transportation. Summit judges will evaluate entries based on innovation, overall market opportunity, stage of development, intellectual property position, resource requirements, environmental impact and potential return on investment.

In addition to connecting entrepreneurs and investors, the CEVS provides a unique networking opportunity for companies and investors in the smart grid and smart building arenas. The summit includes a half-day entrepreneur workshop featuring presentations and panel discussions from investors, IP attorneys and other industry experts. Entrepreneurs have the opportunity to network with industry peers, investors and a range of clean energy leaders.

To apply to present or register to attend, visit http://www.cleanenergyventuresummit.com.

You can follow @CEVS2010 on Twitter and join the conversation with #CEVS2010. Through the Web site you’ll also be able to connect with CEVS on Facebook and LinkedIn.

About the Austin Technology Incubator

The Austin Technology Incubator is a nonprofit unit of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with over 200 companies, helping them raise close to $750 million in investor capital. ATI is a key program of the IC2 Institute at The University of Texas at Austin. For more information, please visit: http://www.ati.utexas.edu

About Austin Energy

Austin Energy is the nation’s 10th largest community-owned electric utility. Austin Energy powers the capital city of Texas through a diverse generation mix including nuclear, coal, natural gas and renewable energy sources. Located in Austin, TX, Austin Energy created the top performing renewable energy program in the nation and is committed to helping Austin become the Clean Energy Capital of the World. The company owns the nation’s first and largest green building program and is home to one of the nation’s most comprehensive residential and commercial energy efficiency programs.

For further information, please visit: http://www.AustinEnergy.com.

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Melissa Rabeaux
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