Fourth Annual Clean Energy Venture Summit to Vet and Deploy New Technologies for Austin's $10.4M DOE Smart-Grid Demonstration Project

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2010 The ATI Clean Energy Incubator and Austin Energy are partnering to sponsor the 2010 Clean Energy Venture Summit (CEVS) to re-imagine the built environment. The Summit will focus on start-up technologies ready for deployment in Austin's $10.4M DOE-funded smart-grid demonstration project. The demonstration project, which includes an integrated energy system of 1,000 homes and 75 businesses, is a product of the Pecan Street Project, the nation's most aggressive real-time, city-wide clean energy laboratory.

“The CEVS provides a truly unique opportunity for growing new businesses in the clean energy space to gain valuable exposure to the world’s leading venture capitalists and financiers looking to support our companies,” said Cason Coplin, CEO of 2009 CEVS w

The ATI Clean Energy Incubator and Austin Energy are partnering to sponsor the 2010 Clean Energy Venture Summit (CEVS) to re-imagine the built environment. The Summit will focus on start-up technologies ready for deployment in Austin's $10.4M DOE-funded smart-grid demonstration project. The demonstration project, which includes an integrated energy system of 1,000 homes and 75 businesses, is a product of the Pecan Street Project, the nation's most aggressive real-time, city-wide clean energy laboratory.

"In past years the Clean Energy Venture Summit has provided very interesting investment opportunities," says Krishna Srinivasan, General Partner at LiveOak Venture Partners and former Partner at Austin Ventures. "This year, with CEVS's connection to the Pecan Street Project's technology demonstration environment, that should be more true."

The one-and-one-half-day summit, scheduled September 29-30, will feature a competition of 20 early stage clean-energy companies developing in seven focus areas of the Pecan Street Project demonstration project: 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.

“The CEVS provides a truly unique opportunity for growing new businesses in the clean energy space to gain valuable exposure to the world’s leading venture capitalists and financiers looking to support our companies,” said Cason Coplin, CEO of 2009 CEVS winner Ecofit Lighting, a Kansas-based firm. “The feedback EcoFit Lighting received during the 2009 conference helped us refine our investor pitch, leading to the close of a $2M round of funding. Furthermore, the contacts EcoFit developed during the summit have matured into long-term relationships with prominent investors and advisors, some of which participated in EcoFit’s latest round of funding. CEVS 2010 is an event that should not be missed by any small business, potential investor or any other entity interested in networking with the foremost leaders in the clean energy space.”

In addition to connecting entrepreneurs and investors, CEVS provides a unique networking opportunity for companies in the smart grid/ smart building space.
Day one of CEVS 2010 will be a half-day entrepreneur workshop, including presentations and panel discussions from investors, IP attorneys and industry experts in the smart grid space. The CEVS official kick-off networking reception, open to all Summit attendees, will be at the close of day one at Austin City Hall. Day two will feature the startup competition and keynote speeches from leading industry experts, closing out in the evening with a reception to announce the five winning companies.
Entrepreneurs, investors and attendees can register to participate at 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 Clean Energy Incubator
The ATI Clean Energy Incubator (CEI) gives young clean energy companies the resources they need to succeed and grow into self-sustaining entities that contribute jobs to Austin and intellectual capital to the world. Located in Austin, Texas, CEI provides the resources and facilities necessary for start-ups to attract funding, aggressively compete in the free market, and turn ideas into reality. You can view the CEI web site at http://www.ati.utexas.edu/cei2.htm.

About Austin Energy
Austin Energy is the nation’s 9th largest community-owned electric utility, serving 388,000 customers and a population of more than 900,000 within the City of Austin, Travis County, and a small portion of Williamson County. Powering the community with a diverse generation mix, AE’s portfolio includes nuclear, coal, natural gas, and renewable energy sources to deliver more than 2,600 megawatts (MW) of total generation. Austin Energy created the top performing renewable energy program in the nation, 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. You can view Austin Energy’s web site at http://www.austinenergy.com.

About the Pecan Street Project
The Pecan Street Project will establish the City of Austin as America’s clean energy laboratory. We will design and implement an energy generation and management system that generates a power plant’s worth of power from clean sources within the city limits and delivers it over an advanced delivery system that allows for unprecedented customer energy management and conservation. We will invite public and corporate participation in this transition and will use Austin’s energy grid as a test-bed for technologies, products and services that will transform our energy system. You can view the Pecan Street Project web site at http://www.pecanstreetproject.org.

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