Shifted Energy was selected by Amazon to its Clean Energy Accelerator 2.0 cohort, out of more than 600 applications from startups representing 63 countries. Amazon recently announced Clean Energy Accelerator 3.0 with Shifted Energy being one of the example companies. A brief summary of their announcement is below.
Amazon Web Services (AWS) has announced the launch and call for applications for the Clean Energy Accelerator 3.0, a high-pace, non-equity dilutive accelerator designed to facilitate partnerships with mature startups developing breakthrough clean energy technologies. The opening of the Clean Energy Accelerator was announced by Kara Hurst, Vice President of Worldwide Sustainability at Amazon, during a session at the 2022 United Nations Climate Change Conference (commonly referred to as Conference of the Parties of the UNFCCC, or COP27) in Sharm el-Sheikh, Egypt, on November 10.
Inaugurated in 2021, the Clean Energy Accelerator was AWS's first accelerator program focused on fostering innovation and rapid growth of clean energy technology, which is needed to address the global climate crisis. While there has been progress across the energy industry to develop clean energy technology, a significant gap remains if the world is to meet its decarbonization goals. The International Energy Agency has found that 40% of the CO2 reductions needed to shift the world towards net-zero by 2050 rely on technologies not yet commercially deployed on a mass-market scale. This calls for urgent action.
Clean energy technology innovation is emerging from all around the globe. The previous two Clean Energy Accelerator programs received more than 600 applications from startups representing 63 countries. Multinational energy companies like Enel, Vestas, Iberdrola, SiemensGamesa and others worked with the startups in previous cohorts, and there will be a broader set of organizations and supporting partners such as The Climate Pledge Fund, Siemens Energy, Masdar City, Eurelectric and many others that will help guide the upcoming program cohorts.
For the full announcement, please visit AWS.