Category: Partners

Electrify America Invests Over $1.6 Million in STEM Programs and Workforce Development to Drive Brand-Neutral Zero Emission Vehicle Education

Ultra-fast charging network funds Science, Technology, Engineering & Math (STEM) initiatives, workforce training with four grassroots organizations to support electric vehicle education in California, U.S.

Reston, VA (March 1, 2021) – Electrify America is investing over $1.6 million in funding to support science, technology, engineering and math (STEM) and workforce development programs, projects, ideas, concepts and related sponsorships to help promote zero emission vehicles (ZEVs), ZEV technology and ZEV infrastructure. The investment will award four organizations funds to develop and launch educational and training programs to support K-12 and community college students as well as workers through vocational training in California and across the country.

This initiative builds on the company’s ongoing support for brand-neutral electric vehicle (EV) education and awareness across the U.S. These STEM and worker training programs will specifically address the need to educate students on EVs through new curriculum, as well as provide on-the-job vocational training that will be critical to developing a workforce of future engineers, software developers, battery technicians, energy management specialists, construction managers and a wide variety of additional jobs that the industry will have a strong need for as it continues to grow.

“Investing in science, technology, engineering and math programs will not only educate students and workers about electric vehicles, but it will help prepare them for the countless career opportunities that exist in the vast EV ecosystem,” said Will Berry, corporate social responsibility manager, Electrify America. “The electric vehicle and charging infrastructure industries need a workforce rooted in a strong STEM foundation, and we’re helping support future career development by teaching and training students about these types of jobs.”

Through an open and rigorous request for proposal process of more than a dozen applicants, Electrify America has awarded funding to four organizations who specialize in STEM and EV education:

• Ecology Action
• Los Angeles Cleantech Incubator
• The National Energy Foundation
• Valley Clean Air Now

These STEM programs will build on Electrify America’s previous multi-million dollar investments with numerous California-based community and diversity-focused organizations, as well as growing education and infrastructure investments in low income, disadvantaged communities, and rural areas. Investment in community-based organizations remains a strong component of the company’s broader commitment to educating all Americans on the benefits of driving electric.

“Challenging students to learn about the benefits of emissions-free technology with curriculum and vocational training will help drive the transition to an electric transportation future,” said Berry. “Electrify America’s investment in STEM complements our ongoing support for communities across California and the nation.”

A focus on equity remains a cornerstone in all decision-making processes at Electrify America, with emphasis on investing in programs that reach diverse, low-income and disadvantaged communities. In 2019 Electrify America invested a total of $82.4 million in these California communities by providing education, access, charging infrastructure and services to promote ZEV driving, including $10 million in education and marketing.

The four organizations that will be supporting STEM and workforce development activities through Electrify America’s investment will develop programs that target students nationally or in California. Additional information on the selected organizations and the campaigns that Electrify America will support, including quotes from each program leader, includes:

Ecology Action: Ecology Action, a California-based environmental non-profit, is partnering with Fused Learning, LLC, a California leader in STEM education, to promote awareness of and deliver STEM education about the long-term adoption of Zero Emission Vehicles (ZEV), ZEV technology, and ZEV infrastructure. Their initiative will focus on reaching students in grades 4 – 8 through their ZEV Future for All program. https://ecoact.org/about-us/community-engagement/electricvehicles

“STEM learning focused on zero emission vehicles is an ideal combination for giving the next generation the knowledge and skills to build a more sustainable and resilient future,” said Kirsten Liske, Vice President of Community Programs, Ecology Action. “We are excited to partner with Electrify America to bring this subject to a diversity of children across northern California to spark their interest and imagination.”

The National Energy Foundation (NEF): NEF will develop a national STEM program (excluding California) promoting EV adoption that focuses on grades K – 12, community college and vocational training through virtual or live presentations, student challenges, curriculum development, postsecondary webinars and expansion of its “rEV’ program around EV education. NEF is a unique 501(c)(3) nonprofit dedicated to increasing energy literacy through the development, distribution and implementation of educational materials and programs related to energy, natural resources, energy efficiency, energy safety and the environment. https://nef1.org

“NEF’s ‘rEV’ program is an extraordinary opportunity to present today’s technology-driven students with the benefits of EVs through a STEM-based multimedia curriculum. The program provides the launch for all STEM-loving students to be introduced to ZEV (zero-emission vehicle) technologies and the possibilities of future careers,” said Elissa Richards, President, National Energy Foundation.

Los Angeles Cleantech Incubator (LACI): LACI will focus on STEM education in California through workforce development, vocational training, and Zero-Emissions Mobility and Community Pilot Project programs, with specific emphasis on training and certifying workers for electric vehicle (EV) charging station repair and additional EV industry jobs. LACI’s approach to transportation electrification workforce development is unique because it offers participants hands-on access to LACI’s state-of-the-art Advanced Prototyping Center (APC) facilities with expertise in Open Charge Point Interface (OCPI) and Open Charge Point Protocol (OCPP), and convenes their portfolio company employers to provide a seamless employment transition for graduates of their workforce development programs. https://laincubator.org

“Through our STEM curriculum and ZEV-focused technical training, LACI’s APC Fellowship Program not only prepares our graduates for ZEV-related workforce opportunities, but also shifts their perspectives around the importance of transportation electrification in our communities,” said Estelle Reyes Madrid, Senior Vice President, Enhancing Communities, Los Angeles Cleantech Incubator.

Valley Clean Air Now (VCAN): VCAN will reach community college automotive students through curriculum and vocational training, partnering with the California New Car Dealers Association and Bakersfield College to help set up a future of new “green collar” careers in the EV industry, specifically for low-income and disadvantaged communities. VCAN is a 501(c)(3) public charity committed to quantifiably reducing air emissions in California’s San Joaquin Valley, the region with the worst air quality in the United States. https://valleycan.org

“The adoption of electric vehicles presents the opportunity to train the next generation of vehicle technicians for well-paying careers,” said Rocky Carlisle, Valley Clean Air Now. “Trained and certified electric vehicle technicians are in short supply, so these graduates will be in high demand.”

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About Electrify America
Electrify America LLC, the largest open DC fast charging network in the U.S., is investing $2 billion over 10 years in Zero Emission Vehicle (ZEV) infrastructure, education and access. The investment will enable millions of Americans to discover the benefits of electric driving and support the build-out of a nationwide network of workplace, community and highway chargers that are convenient and reliable. Electrify America expects to install or have under development approximately 800 total charging stations with about 3,500 DC fast chargers by December 2021. During this period, the company will be expanding to 29 metros and 45 states, including two cross-country routes, delivering on its commitment to support increased ZEV adoption with a network that is comprehensive, technologically advanced and customer friendly. Electrify America earned the “2020 EV Charging Infrastructure Best-in-Test” award from umlaut, an independent testing & validation company, as published in Charged Electric Vehicles Magazine noting the brand’s accessibility and seamless customer experience. Electrify America’s Electrify Home® offers home charging solutions for consumers with flexible installation options. Electrify Commercial® provides expert solutions for businesses looking to develop electric vehicle charging programs. For more information, visit www.electrifyamerica.com and media.electrifyamerica.com.

Media Contact
Mike Moran, Electrify America
Mike.Moran@ElectrifyAmerica.com
(703) 872-7936

 

Earth Day 2015: A new partnership for innovation between LACI and Greentown Labs

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LACI partnering with Somerville, MA’s Greentown Labs to expand resources and market access for cleantech startups

Earth Day 2015 marks the beginning of a bi-coastal partnership between the two leading cleantech incubators in their respective markets. LACI and Greentown Labs have signed an agreement fostering collaboration between the Los Angeles and Boston area cleantech ecosystems to benefit early stage environmentally focused companies.

Greentown Labs is the first domestic partner to join LACI’s Network for Global Innovation (NGIN), which brings together innovation institutions around the world aimed at accelerating the commercialization of clean technology on a global scale.

“LACI is very excited to welcome Greentown Labs into the Network for Global Innovation family”, said Fred Walti, President and CEO of LACI. “They are an outstanding example of an incubator building significant cleantech companies and getting them successfully into the market. We’re excited and honored to have them join the rest of NGIN partners in Mexico, Finland, Germany, Italy, China, and Japan”.

In addition to exchanging best practices between startup ecosystems, the collaboration will also allow early stage companies to access each organization’s network of potential investors, customers, and partners. As part of the agreement, LACI and Greentown Labs are both hosting “Landing Pad” programs, a component of NGIN designed to help cleantech entrepreneurs enter NGIN members’ markets in a structured, cost-effective, and risk-mitigated way.

 “We see our partnership with LACI as critical to our startup companies, providing connections to new investors in new markets, both nationally and internationally”, said Greentown Labs CEO and Executive Director Emily Reichert.

LACI and Greentown Labs will offer office space, mentor and advisory services, networking, and showcase opportunities to each incubator’s portfolio companies, providing the foundation for successful market expansion for cleantech entrepreneurs. To date, NGIN partners in Beijing, Berlin, Los Angeles, and now the greater Boston area have Landing Pad programs available to cleantech startups in the network.

LACI’s mandate in “the pLAn” – Mayor Garcetti’s Sustainability Roadmap

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LACI’s Fred Walti with Mayor Garcetti

On April 8th, Mayor Eric Garcetti unveiled a landmark Sustainable City Plan outlining a set of wide-ranging goals and directives to improve Angelenos’ environmental and economic quality of life. The plan outlines 13 specific areas for improvement, ranging from local water and energy efficient buildings, to mobility & transit and livable neighborhoods.

“We expect at least 500,000 more people to call Los Angeles home by 2035. So the question before us… is how can we improve our city today, and ensure future generations enjoy a place that is environmentally healthy, economically prosperous, and equitable in opportunity for all?”, asked the Mayor in his opening letter, reflecting the plan’s overarching framework of “environment, economy, and equity”.

In the Prosperity and Green Jobs section, the $50 million dollars of private investment raised by LACI portfolio companies  is cited as an example of “LA’s Leadership To Date”. The plan calls for $100 million in green investment by 2017 through LACI specifically – and $2 billion by 2035 for the city of Los Angeles generally – towards the goal of creating more green jobs in LA than anywhere else in the country.

In an interview cited in the Los Angeles Times, LA’s Chief Sustainability Officer Matt Petersen emphasized the need for multiple sectors to work together in order to reach the plan’s objectives, “If we don’t take the step to set targets, and measure progress to achieve those targets, how will we send the signals to the private sector, to the universities, that this is important as a community to come together? There are things we can do, but we can’t do it alone”.

LACI’s President and CEO Fred Walti commended the Mayor’s initiative, and is confident that LACI will rise to the occasion:

The Mayor’s Plan is a breakthrough document that shows what a major city can do when it makes up its mind to do something about our environment. It’s both comprehensive and remarkably detailed. LACI’s role is to develop the companies that will help make the plan’s implementation feasible and cost effective. Innovation is the key ingredient that will make LA a huge green economy. LACI finds, trains, and assists cleantech start-ups in achieving market success, thus providing the technologies that are so essential to a sustainable city. 

As a public-private partnership between the private sector, government and academia, LACI works with the various stakeholders mentioned by Matt Petersen to strengthen LA’s cleantech and economic ecosystems for a sustainable and prosperous future. We look forward to continuing towards these goals, and doing our part to make the Mayor’s Sustainability Plan a reality.

Announcing LACI @ ProspectSV

LACI@ProspectSV offers early stage support for promising clean technology companies designed to prime pilots and increase market adoption throughout California.

February 19, 2015 (Silicon Valley, CA) – Prospect Silicon Valley (ProspectSV) and the Los Angeles Cleantech Incubator (LACI) are excited to announce the launch of LACI@ProspectSV, results-oriented help for promising early stage companies that augment ProspectSV’s state-of-the-art Technology Demonstration Center and commercialization programs with LACI’s world-class incubation platform.  The LACI@ProspectSV initiative is part of the broader US Department of Energy (DOE) funded California Cleantech Commercialization Coalition (4C), the first statewide partnership to provide comprehensive support to clean energy startups.

ProspectSV is leading the way as a California commercialization catalyst for emerging clean technology companies that are ready to bring their product to market.  Their 23,000 sf facility supports leading technology pilots and demonstration projects, and has become a headquarters for product refinement, testing, and commercialization.  In addition, ProspectSV builds partnerships to leverage infrastructure as “living laboratories” for next-generation technology, providing a world-leading stage for investors, potential customers, global corporate leaders, and government policymakers to see innovation in traffic, vehicle, building and energy technology in action.

To help further meet the demands of many emerging companies, and to prepare them to leverage the substantial assets of ProspectSV, LACI will offer its incubation support to emerging companies at ProspectSV facilities.  In turn, ProspectSV will offer its facilities and expertise to help the companies that LACI currently serves in southern California.

“We are thrilled with this important partnership, and to be part of the 4C team representing California,” said Doug Davenport, Executive Director of ProspectSV, “Working together, our programs will make a great impact on emerging technology coming out of this part of the country and will create a model that can be used globally.”

“Connecting the best organizations across California, which serves as the global model for cleantech innovation, is the logical evolution of our cluster,” said Fred Walti, Executive Director of LACI.  “Together, we can better support the best young companies and see greater adoption in global markets.”

LACI is designed to help early-stage cleantech companies to deftly navigate the difficult startup years through its formalized support system, deep bench of expert mentors, strong network of investment capital and market resources, and pragmatic education and training, Named a UBI Global Top 10 Incubator in 2014 in just its 3rd year operating, LACI has formally incubated 30 companies that have secured over $50 million in funding and have created over 450 jobs.  LACI@ProspectSV is its second satellite, following the successful launch of LACI@CSUN in 2014.

This partnership between LACI and Prospect SV is a vital bridge between innovation and commercialization partners across California as part of the broader US Department of Energy (DOE) funded California Cleantech Commercialization Coalition (4C).  The 4C is the first statewide partnership to provide comprehensive support to clean energy startups, offering clean energy innovators a unique suite of full-spectrum, long-term support services to help them bring promising clean technologies to market, including best-in-class:

By unifying industry-leading incubation, prototype manufacturing, commercial-scale pilots, and market-entry programs, the 4C substantially de-risks an inherently risky sector, facilitating investment from a wide array of capital sources in California, the top clean technology market in the nation.  For information on the 4C, please visit http://4c.laci.org

About Prospect Silicon Valley (ProspectSV)

Prospect Silicon Valley (ProspectSV) is the first nonprofit, Silicon Valley-based technology commercialization catalyst for smarter, cleaner cities globally. ProspectSV supports emerging technology companies with access to facilities, platforms, partners, and market connections, including its Demonstration Center, a $12 million, 23,000 sq. ft. facility with industrial and lab space, office and meeting rooms, promotional space and commercialization support staff. ProspectSV includes market connections and early adoption in the municipal sector through the Bay Area Climate Collaborative, a unique public-private partnership assisting communities across the Bay Area in taking on their biggest challenges in reducing carbon emissions.  Learn more at www.prospectsv.org.

About the Los Angeles Cleantech Incubator (LACI)

LACI is a non-profit, public-private partnership that helps promising companies deliver market-ready cleantech solutions and the jobs that come with them. LACI combines capital, universities, research, government support, entrepreneurs, corporate partners, and business leaders in order to drive innovation throughout the regional, state, and global economy.  Recognized as a Top 10 Global Incubator in 2014 by UBI, in its first three years LACI has helped 30+ companies who have raised $50+ million and have created 450+ jobs.  Learn more at www.newlaci.staging.wpengine.com.

 

LACI awarded Wells Fargo Clean Technology and Innovation grant

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Part of $4.5 million grant program to foster economic development and accelerate the global green economy 

LACI was recently selected as part of Wells Fargo’s Clean Technology and Innovation (CTI) program, designed to “inspire innovation from entrepreneurs and fund those working on critical environmental issues”.  Application to the CTI program is through invitation only, and LACI is honored to receive this recognition by the Wells Fargo team and the community and industry stakeholders who referred us.

“We’re pleased to announce LACI as a recipient of Wells Fargo’s environmental grant program to help provide long-term solutions to the world’s environmental challenges”, said Ashley Grosh, head of Wells Fargo Environmental Affairs Clean Technology program. “Wells Fargo recognizes that the health of our environment is critical to fostering more sustainable communities today and for years to come”.

Grants were awarded based on the economic, social, and environmental impact of applicants’ proposals and work. The Clean Technology and Innovation grant funds projects specifically related to renewable energy and energy efficiency, greener buildings, alternative transportation, water quality and resources, and sustainable agriculture. LACI competed in the “Accelerator/ Incubator/ Business Plan” subset of the CTI program. Specific guidelines and criteria can be found here.

Other grant recipients included LACI Leadership Council member California Institute of Technology (CalTech), Duke University, the Urban Land Institute, and LACI 4C partners Prospect Silicon Valley and Cleantech Open. Check out the Wells Fargo Environmental Forum blog for the full list of recipients.

Thanks again to Wells Fargo and congratulations to the other organizations chosen to be a part of the Clean Technology and Innovation program. We’re excited about this recognition and look forward to working towards the common goals of  economically thriving communities and a more sustainable future.

 

New SoCal Tech Center to Promote Alternative Fuel & Advanced Vehicles

Fresh off the wire, and a great win for SoCal…

The California Energy Commission has awarded funds to a consortium of Southern California-based organizations led by the Los Angeles County Economic Development Corporation (LAEDC) to establish a Southern California Center for Alternative Fuels and Advanced Vehicle Technology. The Center will consist of one virtual hub and two physical locations—one in San Diego, which will be managed by the California Center for Sustainable Energy, and one in Los Angeles, which will be managed by the Los Angeles Cleantech Incubator. The Center will serve the counties of Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura.

“Southern California already boasts tremendous assets in driving the consumer-side of the advanced transportation market,” said Bill Allen, President and CEO, LAEDC. “Our goal with this critically important Center is to also leverage these assets to ensure that we’re a leading developer, designer and producer of these lower-emission technologies to add the high-value jobs and wages as well as the tax revenues that will result from a thriving advanced transportation cluster.”

The California Center for Sustainable Energy (CCSE), a nonprofit organization that administers the statewide Clean Vehicle Rebate Project for the California Air Resources Board, will operate the San Diego Center.  “Southern California already leads the state in the adoption of alternative fuel vehicles, but we are a long way from where we need to be to reach the state’s ambitious goals for reducing petroleum use and greenhouse gas emissions,” said CCSE Executive Director Len Hering, RADM, USN (ret.). “These two new centers and the online component will help municipalities, government agencies and industry partners better focus and direct their efforts to grow the market for cleaner transportation throughout the region.”

The Los Angeles Center will be managed by the Los Angeles Cleantech Incubator (LACI) at the La Kretz Innovation Campus in downtown Los Angeles. “LACI is thrilled to leverage its incubation programs and state-of-the-art campus to further advance the commercialization of alternative fuels and vehicle technologies in Southern California,” said Fred Walti, Executive Director of LACI. “The deeply committed and capable partners cooperating in this initiative represent an economic development powerhouse.”

“This project will be a great asset for our region,” said Assemblymember Bonnie Lowenthal, chair of the Assembly Transportation Committee. “Not only will they be developing alternative fuels and clean technology, they’ll be creating jobs that will drive economic growth for years to come.”

Additional partners receiving funding include the UCLA Smart Grid Energy Research Center and the Luskin Center for Innovation, Advanced Sustainability Institute, California State University-Los Angeles and the Inland Empire Economic Partnership.

The California Energy Commission contract is scheduled to begin in June 2014. The project will also use $1.6 million in matching funds from advanced transportation industry leaders. For more information about the Center, visit www.AdvancedTransportationCenter.org.

About the LAEDC

The LAEDC, the region’s premier economic development leadership organization, is a private, non-profit organization established in 1981 under section 501(c)(3). Its mission is to attract, retain, and grow business and jobs for the regions of Los Angeles County. Since 1996, the LAEDC has helped to retain or attract over 190,000 annual jobs in Los Angeles County with an estimated labor income, including wages and benefits, of approximately $12 billion. Learn more at www.laedc.org.

About the Los Angeles Cleantech Incubator (LACI)

LACI is a private nonprofit that accelerates the commercialization of clean technologies in the Los Angeles region. Located in the center of the City’s Cleantech Corridor, LACI offers flexible office space, CEO coaching and mentoring, and access to a robust network of experts and capital. Incubated companies operate in a range of sectors including Smart Grid infrastructure, energy efficiency, energy storage, transportation, and materials science. LACI works closely with the region’s utilities, universities, business community, government institutions and capital markets to foster innovation and to grow the region’s green economy. Learn more at www.newlaci.staging.wpengine.com.

About the California Center for Sustainable Energy

The California Center for Sustainable Energy (CCSE) is an independent, nonprofit organization that accelerates the transition to a sustainable world powered by clean energy. CCSE helps consumers, businesses, governments and others adopt energy efficiency, renewable energy and clean transportation technologies. Learn more at www.energycenter.org.

LACI Receives $200,000 from JPMorgan Chase

Fresh off the wire…

The Los Angeles Cleantech Incubator (LACI) announced today that it will create more than 1,000 jobs over the next five years with the help of a $200,000 grant from the JPMorgan Chase Foundation. The grant will fund key programs focused on advancing sustainable technology development and adoption in the Los Angeles region.

Since launching two years ago, LACI has incubated 25 companies that have received more than $24 million in investments.  LACI and those companies have helped to create more than 100 direct jobs and an estimated 180 indirect jobs, while bringing innovative products and services to market.  Incubated companies operate in a variety of sectors including energy generation and efficiency, water conservation, electric transportation, recycling, waste management, sustainable materials and food production. LACI has provided these start-up companies with office space, executive coaching and mentoring and access to a network of experts and capital sources.

“On behalf of the City of Los Angeles, I would like to thank the JPMorgan Chase Foundation for their generous support of the Los Angeles Cleantech Incubator,” said Los Angeles Mayor Eric Garcetti. “LACI plays a key role creating jobs, building a stronger cleantech industry cluster and generating opportunities to train Angelenos in tomorrow’s green careers, today.”

LACI works closely with the Mayor’s office to identify, attract and accelerate the growth of businesses with clean technologies that will support the city in meeting its environmental, renewable energy, energy efficiency and related goals. In addition, LACI holds a close strategic relationship with the Los Angeles Department of Water and Power, acting as a scout in the region to identify and accelerate technology that supports their pursuit of innovative clean technologies for water conservation and renewable power.

“We’re thrilled to have a true partner in JPMorgan Chase, whose global reach, deep capability, and strong corporate responsibility will help strengthen and extend our efforts in the Los Angeles region and beyond,” said Fred Walti II, Executive Director of LACI.  “The substantial support of one of the world’s leading financial institutions is symbolic of the effectiveness of our programs and confirms that we’re collectively headed in the right direction.”

“JPMorgan Chase recognizes that economic growth and rising living standards fundamentally rely on the abundance and vitality of the planet’s resources and ecosystems,” said Alice Rodriguez, Chase California Region Business Banking Manager.  “Our strong commitment to furthering these mutual goals fits perfectly with our support of the Los Angeles Cleantech Incubator, which is setting new standards with innovative ways to help promising cleantech companies grow and thrive.”

The JPMorgan grant will enable LACI to expand its core training and educational programs and launch a feasibility study on establishing an Innovation Fund to provide early-stage funding to start-ups.

Construction of LACI’s permanent home – the La Kretz Innovation Campus – is now underway in Downtown Los Angeles’ Arts District.  Once the campus opens in 2015, LACI is expected to accelerate the growth of dozens more promising companies and entrepreneurs in world-class facilities that include wet labs, dry labs, prototype manufacturing space, workforce training and strategically aligned partners, all in one location.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About the LA Cleantech Incubator

The LA Cleantech Incubator is a private nonprofit that accelerates the commercialization of clean technologies in the Los Angeles region. Located in the center of the City’s Cleantech Corridor, LACI offers flexible office space, CEO coaching and mentoring, and access to a robust network of experts and capital. Incubated companies operate in a range of sectors including Smart Grid infrastructure, energy efficiency, energy storage, electric transportation, and materials science. LACI works closely with the region’s utilities, universities, business community, government institutions, capital markets and utilities to foster innovation and to grow the region’s green economy.  Learn more at www.newlaci.staging.wpengine.com.

LA Cleantech on Stage: Chase and SCE Host Global Forum November 4-5

On November 4-5, 2013 in Downtown LA, the inaugural Cleantech LA Global Showcase will bring together leaders from Industry, Government, Finance and Academia with some of the region’s leading clean technology startups in an effort to drive innovation, investment and business.

JPMorgan Chase is the presenting sponsor for this important event that features over 70 presenters from 15 global markets and over 20 presenting companies, many of which are LACI Portfolio Companies.

“In addition to being one of the top start-up friendly cities in the world, LA is also one of the most environmentally conscious,” said Eric Garcetti, Mayor of Los Angeles. Our support of important initiatives like Cleantech LA, that grow green jobs and support innovative solutions to climate change, are at the forefront of creating a clean energy economy.”

Additional support for the event comes from Southern California Edison and California State University Northridge, as well as a host of other organizations, that enable discussion about three main topics:

  1. How can you take your cleantech-venture global?
  2. What are the new models for financing cleantech companies?
  3. How is Los Angeles leading the way?

Here’s what some participants have to say:

“At JPMorgan Chase, we know that supporting a more environmentally sustainable global economy is a challenge with real implications for every sector of modern society, including financial services,” said Robert Lagace, market manager for Chase Middle Market and Commercial Banking. “That’s why we are employing our knowledge and capital to help clients, customers and the communities we serve to respond to the environmental sustainability challenge. We’re also helping our clients take advantage of the business opportunities created by the transition to a more sustainable global economy.”

“New models that give capital markets renewed confidence to invest in cleantech sectors are emerging, and gaining traction,” said Jim McDermott, Managing Partner of US Renewables Group. “This Global Showcase will be a great opportunity to share ideas and examples of what is working and where the market is moving across the globe.”

“The CLA Global Showcase provides a rare forum for countries and companies from around the world to present and discuss their respective markets, capabilities and ambitions in the clean/green tech arenas. The positive reaction of the international business and diplomatic community to the Showcase underscores not only the value of the event, but also the role of Los Angeles as a leader in supporting and fostering the growth of clean/green tech industries worldwide”, said David Nahai, President of David Nahai Consulting Services, Partner at Lewis Brisbois, and former General Manager of the Los Angeles Department of Water and Power.