The Rice Alliance Clean Energy Accelerator helps seed-stage startups from around the world developing clean energy solutions achieve technical and commercial milestones that accelerate development, establish market adoption, and expand their reach.
This week the accelerator announced the ventures for their fourth cohort.
The 12 ventures in Class 4 are driving innovation in Advanced Materials, Carbon Management or Accounting, Digital Technologies, Energy Efficiency or Storage, Hydrogen, Solar, and Corrosion Detection.
Vancouver’s VulcanX Energy is one of two Canadian startups that were included in the cohort.
The University of British Columbia spinout is accelerating the transition to net-zero by providing a technology that produces hydrogen and solid carbon from natural gas based on methane pyrolysis with a molten metal recirculation system.
If successful, VulcanX holds the potential to produce hydrogen at the same price as current technologies (<$2 per kg), but with minimal emissions and lower energy consumption (13 kWh/kg H2).
VulcanX is a round three finalist in the 2024 New Ventures BC Competition and last month they received a $75,000 non-dilutive investment from the B.C. Centre for Innovation and Clean Energy (CICE).
VulcanX will be joining the cohort in Houston three times over the next three months and will present at Demo Day at the Energy Tech Venture Forum, as part of the Houston Energy and Climate Startup Week taking place September 9-13, 2024.
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