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Honolulu-based Energy Excelerator, a nonprofit that helps energy-focused startups, said the program has helped 32 companies raise $207 million in follow-on funding.
Energy Excelerator reported the numbers Thursday in its first impact statement.
Energy Excelerator said almost half of its startups are generating revenue. The majority of the 32 startups are active in Hawaii, with nine of the companies headquartered in Hawaii and 14 of the companies with demonstration projects in the state.
Energy Excelerator said it supports 301 jobs and has helped 3,250 Hawaii homes become more energy-efficient.
The program is primarily funded by the U.S. Department of Defense’s Office of Naval Research, the U.S. Department of Energy, the State of Hawaii and corporate partners. In 2015, Energy Excelerator added new funders, including New York-based Blackstone Group LP, Japanese-based Denso Corp. and California-based GE Ventures.
Energy Excelerator’s portfolio of startups includes Stem, an energy-storage company; Ibis Networks, an energy efficiency company that recently partnered with University of Hawaii; and TerViva, a biofuel and animal-feed company.
Nearly 300 business applied to be a part of the program in 2015. Each summer Energy Excelerator opens applications, and it selects 15 companies each fall.