CEL was awarded a grant from Rocket Fund to support its building automation platform.
Rocket Fund recently announced its eight 2022 grantees, and CEL is proud to be among the recipients of a grant. As a result of this grant, we will be able to test our building automation platform. For example, we'll learn more about our platform's ability to respond autonomously to a real-time or dynamic grid or pricing signal. The project will take place at Date Elementary School in Southern California's underserved Fontana Unified K12 School District.
RocketFund is a program of the Resnick Sustainability Institute at Caltech. The member-supported granting pool helps creators turn their technologies into commercial realities. The fund provides grantees with financial support, mentoring, and education. Grants of up to $75,000 support cleantech innovations and startups focused on sustainability. The grant process involves two screening rounds and the opportunity to work with utilities to access additional funding. Applicants meet experts in product development, scaling, and manufacturing. They are then provided access to legal advice covering corporate structure and IP. Finally, applicants may leverage relationships with IN2 Wells Fargo, Shell GameChanger and the EPRI. As a result, they can double or triple the value of their awards and receive funding for lab testing facilities and technical expertise.