Rockstart, a global early-stage investor based in Amsterdam, and Danish sustainable energy company Ørsted announced Thursday the first batch of startups in the Ørsted Propel acceleration program.
Rockstart and Ørsted have teamed up to launch Ørsted Propel in 2022, accelerating a startup with the potential to revolutionize the energy sector as part of the new Ørsted Innovation Hub.
The first eight startups were selected from 150 applications from over 30 countries, covering a wide range of energy solutions, including solutions and strategies for optimizing energy storage, strategies for decarbonisation, and more.
The startups selected for the first batch are:
A four-month open innovation program supports selected startups with funding opportunities, resources to develop pilot projects, and other long-term engagements with Oersted.
Ørsted: What you need to know
Ørsted is named after the Danish scientist Hans Christian Ørsted, who discovered electromagnetism in 1820. Oersted claims that his curiosity, passion, and interest in nature encompass everything needed to create a world that is entirely green and powered solely by his energy.
The company develops, builds and operates offshore and onshore wind farms, solar power plants, energy storage facilities, renewable hydrogen and green fuel facilities and bioenergy plants.
Ørsted also claims to be the only energy company in the world with science-based net-zero emissions targets validated by the Science Based Targets Initiative (SBTi).
“The Ørsted Propel program is a unique program that combines Ørsted’s experience with start-up potential in the renewable energy market. Through companies like this, we can work towards a more integrated energy system. , aims to create a world that runs entirely on green energy by supporting innovation and testing technology.Congratulations to the eight participants and we look forward to future collaborations.”
Lockstart: What You Need to Know
Rockstart is an early stage investor backing founders across three domains: energy, agrifood and emerging technology.
Dutch VC firms invest in early stage ventures. Providing access to capital, markets and expertise by connecting founders with co-investors, mentors, partners, companies and the wider Rockstart network.
The company has invested in over 280 ventures and its alum is valued at over $1 billion. Additionally, the company has invested in more than 60 of his agri-food and energy start-ups in Europe, Asia and the US from his first two funds in 2019 and 2020 respectively.
Rockstart has notable exits like Wercker, Bouw7 and iClinic, with 3D Hubs and Brincr coming in 2021. The company has offices in Amsterdam, Copenhagen and Bogota.
Rockstart CEO and Co-Founder Rune Theill said: The innovative solutions advocated by the founders have the potential to significantly optimize the energy system at a time when cost and access to renewable energy are some of the most important factors from a geopolitical and macroeconomic perspective. conceals sexuality. He is proud to work with Ørsted to advance a greener, more sustainable energy system. ”