Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the energy industry. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. This time, we are taking a look at 4 promising Energy Efficiency Solutions impacting power generation.
Heat Map: 4 Top Energy Efficiency Solutions
For our 4 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 373 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
Naoden – Combined Heat & Power Generation
Combined Heat and Power (CHP) cogeneration plants address the issue of energy wastage during power generation. CHP sites harness the excess combustion heat and redirect it for other heating or cooling purposes, inside or outside the system. This ensures waste heat does not spread into the environment but rather becomes a part of an overall energy cycle, increasing the potential for power generation and productivity. French startup Naoden designs and creates bioenergetic cogeneration power stations that simultaneously produce heat and electricity out of biomass by exploiting gasification and energy production processes. Their solution aims at lowering energy expenditures and handling sustainability issues by maintaining an entire biomass recycling chain.
SunOyster – Solar Concentrators
Solar concentrators help reduce the cost of generating solar energy and increase returns based on their impressive reflection capabilities. Concentrators multiply the effectiveness of solar cells by adjusting to the sun’s movements during the day, focusing a tight sunlight beam into a relatively small mirror area and directing an increased amount of solar energy to a receiver for further power production. German startup SunOyster manufactures solar concentrators with hybrid receivers that merge Concentrated Photovoltaics (CPV) and Concentrated Solar Power (CSP) technologies. Vertical & Azimuth tracking, paired with polymer-supported mirrors, Raspberry Pi micro-controller systems, sensors, and patented receivers allow for achieving high energy efficiency from a relatively small area.
Wind Farm Designs – Wind Energy Farm Design Optimization
Since wind farm layouts directly impact the profitability and efficiency of generating wind energy, it becomes vital to use micro-siting or wind plant design modeling. By applying optimization algorithms, Artificial Intelligence (AI), and simulation software to plan various aspects, such as the capacities of blades and rotors, the loads and scenarios, the location of wind hubs, the management of various power systems and infrastructures, to solve location-specific uncertainties, minimize losses and maximize energy efficiency. Norwegian startup Wind Farm Designs aims to amplify energy generation while moderating loads by utilizing a web-based layout optimization solution, named WFD ParkOptimizer. Their proprietary optimization algorithms process Computational Fluid Dynamics (CFD) data and create International Electrotechnical Commission (IEC)-compliant wind maps for increased energy yield and profitability of wind projects.
Dandelion – Smart Heat Pumping
Heat pumping technology levels imbalances in heating and cooling and their corresponding energy losses, by simultaneously removing the heat from one end while transferring it to another end, with the use of smart valves, throttle controls, and variations in speed. Heat pumps do not usually use fossil fuels and, thus, opens new pathways for renewable energy pumping. The USA-based startup Dandelion offers its product, Dandelion Air Heat Pump, to streamline the geothermal energy generation for residential buildings. It provides home heating, air conditioning, and hot water supply based on weather-proof underground pipes and powerful heat pumps, equipped with real-time internal control and remote monitoring. Besides, the installation does not require any intrusive digging in the earth, which, along with renewable energy production, significantly contributes to greater sustainability.
What About The Other 369 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 startups showcased above are promising examples out of 373 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.