NEWS

Wells Fargo Innovation Incubator (IN2)

April 6, 2022

The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced the program’s first cohort focused on demonstration projects. The tenth INcohort consists of five companies ready to demonstrate building and mobility technologies with industry partners across the country, proving out their economic viability, low carbon capabilities, and positive social impacts.

CEL is one of 5 companies selected to participate in the programs first-ever demonstration cohort.  The selected companies will receive up to $250,000 in non-dilutive funding to support infrastructure for the project as well as technical guidance from the world-class researchers at NREL, who will help prepare, validate, or analyze the demonstration projects. They will also benefit from a robust IN2 cleantech ecosystem that includes industry experts, investors, and a nationwide Channel Partner network of more than 60 cleantech incubators, accelerators, and university programs.

Learn more about the program here.

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Five building and e-mobility companies will receive non-dilutive funding to demonstrate their technologies with commercial partners.  CEL will be working with Tenino School District, Tacoma Power and Franklin Pierce School District on all-electric clean building controls.

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