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Program
Clean Energy Innovation Showcase
2:30 – 4:45 pm
Semifinalists of the MIT Clean Energy Prize
MIT Enterprise Forum
4:45 – 6:00 pm
The Future of Clean Energy: The Economic Imperative
Introduction:
• Bill Aulet, Managing Director, Martin Trust Center for MIT
Entrepreneurship, Advisory Board, MIT Clean Energy
Prize
Opening Remarks:
• Tom May, President and CEO, Northeast Utilities
Fireside Chat:
• Bill Joy, Partner, Kleiner Perkins Caufield & Byers,
Co-Founder of Sun Microsystems
•
Jason Pontin, Editor in Chief & Publisher, Technology
Review, Chairman, MIT Enterprise Forum
MIT Clean Energy Prize
Award Ceremony
6:00 – 6:30 pm
Category Awards:
•
Energy Efficiency
•
Renewable Energy
•
Deployment & Infrastructure
•
Audience Choice Award
$200,000 Grand Prize to be awarded by NSTAR and the U.S.
Department of Energy.
About the MIT Enterprise Forum
The MIT Enterprise Forum is the global voice of technology
entrepreneurship.
Founded in 1978, the MIT Enterprise Forum produces a series of
educational programs and events about innovation, technology
and entrepreneurship to an engaged community of 50,000+
thought leaders through a network of 28 worldwide chapters.
Anyone interested in technology innovation and entrepreneurship
is welcome to participate and join together to form the MIT
Enterprise Forum community. MIT Enterprise Forum collaborates
with hundreds of corporate and education organizations that
connect members of the technology and entrepreneurial
ecosystem with resources that make the commercialization of
technologies faster and easier. The MIT Enterprise Forum
produces 400+ world-class networking and educational events
annually to connect, inspire and inform technology business
leaders and enthusiasts.
Learn more and connect with The MIT Enterprise Forum:
• mitef.org
• twitter.com/mitentforum
• facebook.com/mitenterpriseforum
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Program Speakers
Thomas May, President and CEO, Northeast Utilities
Thomas J. May is President and Chief Executive Officer of
Northeast Utilities (NU), one of the nation’s largest utilities with six
regulated electric and gas utilities in three New England states
serving approximately 3.5 million customers.
Previously, Tom was Chairman, President and Chief Executive
Officer of NSTAR, a Massachusetts-based electric and gas utility
which is now a subsidiary of NU. During his 30 year career with
NSTAR, Tom held various executive positions including Chief
Financial Officer and Chief Operating Officer.
Under Tom’s leadership, the Northeast Utilities system will
continue to build on its commitment to safety, reliability,
environmental leadership and stewardship by expanding
investment in energy infrastructure as well as renewable energy,
energy efficiency, smart grid and electric vehicle options to meet
customers’ future energy needs.
Bill Joy, Partner, Kleiner Perkins Caufield & Byers,
Co-Founder of Sun Microsystems
Bill Joy joined Kleiner Perkins Caufield & Byers in 2005 as a
partner in the firm’s green-tech practice. He helped develop
KPCB’s strategy of funding game-changing technologies that
broadly address the issues of climate change and sustainability.
Bill works on ventures in areas such as wind, solar, and
thermoelectric power generation, low-cost electrical energy
storage, renewable fuels and green chemicals from nonfuel
sources, low-embodied-energy materials, and energy-efficient
electronics.
Previously, Bill was a founder and chief scientist at Sun
Microsystems, a KPCB III/IV portfolio company. He was a key
designer involved with a number of Sun’s technologies, including
the Solaris operating system, the SPARC microprocessor
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architecture and several of its implementations, and the Java
programming language. In 1995, he installed the first city-wide WiFi network in Aspen, Colorado, where his research lab was
located. As an inventor, Bill is named on more than 40 patents.
Before cofounding Sun, he designed and wrote Berkeley UNIX,
the first open-source operating system with built-in TCP/IP,
making it the backbone of the Internet.
Bill has a bachelor’s degree in electrical engineering from the
University of Michigan, a master’s degree in computer science
from the University of California, Berkeley, and a PhD in
engineering, honoris causa, from the University of Michigan. He is
a member of the National Academy of Engineering and the
American Academy of Arts and Sciences, and he is a trustee of
the Aspen Institute. Bill’s many industry contributions were
recognized in a Fortune magazine cover story that called him the
“Edison of the Internet.”
Jason Pontin, Editor in Chief and Publisher,
Technology Review, Chairman, MIT Enterprise Forum
As editor in chief, Jason Pontin is responsible for the editorial
direction of the award-winning magazine Technology Review and
TechnologyReview.com, published by MIT. He also took on the
role of publisher in September 2005, overseeing all aspects of the
company’s business, which includes a rapidly expanding website,
e-newsletters, international editions, and events such as EmTech,
the annual emerging technologies conference at MIT.
On July 1, 2011, as the MIT Enterprise Forum transitioned from
the MIT Alumni Association to Technology Review, Jason became
chairman of MIT Enterprise Forum Global. His vision is that the
MIT Enterprise Forum will become the preeminent organization of
entrepreneurs in the global innovation economy.
From 1996 to 2002, Jason was editor of Red Herring. He served
as editor in chief of the journal The Acumen from 2002 to 2004,
covering business, economic, and policy implications of
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discoveries in biotechnology and the life sciences. In 2006–2007,
he wrote a regular column for the Sunday New York Times,
“Slipstream,” about new ideas in technology.
He has written for national and international publications including
the Economist, the Financial Times, Wired, and the Believer and is
a frequent guest on television and radio, including ABC News,
CNN, and NPR.
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Global Viewing Sites
Tonight, we are joined by several thousand viewers around the
world. We’d like to thank our group viewing sites and individual
registrants for their participation in our Clean Energy Forum 2012
program. In addition to cities all over the United States, some of
the international regions tuning in tonight are:
Albania
Mexico
Australia
Myanmar/Burma
Belgium
Nigeria
Brazil
Pakistan
Brunei
Peru
Canada
Philippines
Chile
Poland
China
Portugal
Colombia
Romania
Denmark
Russia
Dominican Republic
Saudi Arabia
France
Scotland
Germany
Singapore
Greece
Spain
Hungary
Switzerland
India
Trinidad
Israel
Turkey
Italy
United Kingdom
Japan
Uruguay
Malaysia
Venezuela
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About the MIT Clean Energy Prize
The MIT Clean Energy Prize was conceived by the MIT
Entrepreneurship Center (now the Martin Trust Center for MIT
Entrepreneurship) and made a reality through a partnership with
the MIT $100K Entrepreneurship Competition, coupled with the
generous support of the U.S. Department of Energy and NSTAR.
The MIT Clean Energy Prize is a university business plan
competition with a mission to foster a new generation of energy
entrepreneurs that help jump-start tomorrow’s leading companies.
This is achieved by developing collaborative relationships between
the academic community, industry, and government organizations
with strong interests in meeting the world’s energy challenges
through innovation and entrepreneurship.
Now in its fifth year, the competition has become nationally
recognized for producing tangible results. The MIT Clean Energy
Prize has helped launch dozens of companies that have raised
tens of millions in venture capital and government funding to bring
clean energy products, technologies and services to the
marketplace.
This year, fifteen semifinalist teams will compete for the $200,000
Grand Prize. New this year, the winner of the MIT Clean Energy
Prize will compete in the U.S. Department of Energy’s National
Clean Energy Business Plan Competition in Washington DC, as
part of a White House campaign called Startup America to
accelerate entrepreneurship.
For more information on the MIT Clean Energy Prize, please visit
http://cep.mit.edu
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MIT Clean Energy Prize Semifinalists
Energy Efficiency
The Energy Efficiency Category of the MIT Clean Energy Prize
includes technologies, services, or processes that improve the
energy efficiency of devices, systems, vehicles, homes, buildings,
industry or government.
Dynamo Micropower is a small power
products company that provides a
unique generator (<20kW genset) that
is fuel flexible, operates ten times
longer and is up to twenty-five percent
more efficient than legacy reciprocating
generators. We provide custom power
products to the upstream oil and gas
industry to drastically reduce the cost of
energy,
thereby
increasing
the
operating life of stripper wells.
Innoveq is dedicated to the research,
design and sales of an innovative waste
heat recovery system that increases the
energy efficiency of vehicles.
The
system captures the heat waste
generated by an internal combustion
engine to power belt-driven auxiliary
accessories in an automobile. This
translates into long-term economic
benefits for automobile owners and also
helps in achieving the national vehicular
efficiency targets.
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TM
iVEG
(infinitely Variable Electric
Generator) is a patent pending means
of utilizing proprietary software to
combine
proven
advances
in
transmission and flywheel technologies
to maximize the efficiency and capacity
factor of small to mid-scale wind
turbines.
Lean HVAC provides a software
platform that automatically diagnoses
faults in building HVAC (Heating,
Ventilation
and
Air-Conditioning)
systems. By continuously monitoring
and assessing the conditions of HVAC
systems, it not only saves about 40% of
energy consumption, but also enables
condition-based
maintenance
and
minimizes system downtime.
Radiator Labs has developed a lowcost, easily installed radiator retrofit that
converts radiator heating systems, over
which buildings typically have little
control, into a highly controllable zoned
system where each radiator represents
a single zone with temperature
feedback control. Our value proposition
to building owners and building
inhabitants is to significantly reduce the
energy waste implicit in radiator heating
while increasing the heat distribution
and consistency of building interiors.
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Renewable Energy
The Renewable Energy category of the MIT Clean Energy Prize
includes technologies, services, or processes in the renewable
energy domain including but not limited to solar, wind, water,
geothermal, fuel cells, biomass and waste-to-energy.
Beejli Technologies is targeting the
100 million households in India that
have no access to the electricity grid
and rely on dirty, expensive kerosene
lanterns for lighting. We have a patent
pending technology that enables a small
solar panel to connect to the existing
wireless
telecommunications
infrastructure in India.
Our unique
ability to remotely monitor and control
the panel system will allow us to
distribute the systems at low upfront
cost, meter the power output, and bill for
the electricity usage. We will sell the
panels to rural shop owners, who can
set up businesses to re-charge mobile
phones for a fee, and rent/recharge
small electronic devices like batterypowered lanterns and radios.
Invisergy envisions every window
contributing to a sustainable energy
future.
Our unique solar power
generating
window
delivers
a
combination of electricity generation,
cost-savings and aesthetic appeal that
will make this goal a reality.
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Generating liquid fuels directly from sun
light, CO2, and H2O is seen as one of
the prospects of renewable energy. The
Plasmonic Energy team has been
developing a technology that directly
converts sunlight, CO2, and H2O to
liquid hydrocarbons that are drop-in
replacements for gasoline, diesel, and
other transportation fuels. Plasmonic
Energy projects that the process will
produce liquid transportation fuels at
economically favorable costs.
Solar
Tri-Gen
International
is
dedicated to the premise that innovative
and affordable renewable energy is the
only solution to the growing tension
between the aspirations of the
developing world and concern over
global climate change. We transfer
technology and build capacity through
partnerships that manufacture, own,
and operate novel distributed energy
infrastructure based on concentrated
solar power (CSP) and provide an
affordable micro-utility service and trigeneration to health clinics and schools
in remote areas.
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Spindrift Energy seeks to create a new
way to generate renewable energy from
ocean waves at a capital and power
generation cost lower than wind, solar
and other wave energy devices. Our
patent-pending technology has only
three moving parts and can be built
from cheap materials, capable of
withstanding long periods at sea with
minimal maintenance. Current target
markets
include
offshore
wind
companies and oil rigs and coastal
utilities that power the grid.
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Deployment & Infrastructure
The Deployment & Infrastructure category of the MIT Clean
Energy Prize includes technologies, services, processes or novel
business models that enable the effective deployment of
renewables or improve the existing U.S. energy infrastructure
while renewable alternatives are brought to maturity.
Broad Peak
Broad Peak Energy Solutions deals in
low price ticket urban solar powered
backup systems for Pakistan. This is a
social business with a triple bottom line
focus with social, environmental and
economic benefits for users.
Envir Energy will research and
commercialize
revolutionary
new
methods in carbon sequestration
through initial promotion of carbon
capture and storage implementation in
the power generation industry. Envir
Energy has developed an assessment
tool which will analyze the cost for
manufacturing of a power plant and the
ensuing costs of the carbon capture,
transportation and storage (CCS)
system. This assessment tool will allow
Envir Energy to establish a network
within the power generation industry,
attract investors, and promote carbon
capture within a multi-billion dollar
industry.
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Through an innovative business model,
Luma Light taps the enormous market
for lighting solutions in rural areas
around the world with no access to
electricity, starting in Sierra Leone.
Luma Light works with existing
entrepreneurs and creates a rental
business model of solar lights for rural
communities. The entrepreneurs rent
out the lights on a nightly basis for a fee
to customers, keeping a percentage and
giving the rest to Luma Light. This daily
fee is lower than what customers
currently pay for expensive and dirty
lights.
SignTurbine is implementing the
engineering of Renewable Energy
Power Systems. By using existing Flag
and light pole foundations, it can lower
installation cost in creating a root
location
primary
power
smart
management system. The revolutionary
patent- pending FlagTurbine, designed
to coaxially convert wind into electricity,
while providing advertising, is interfaced
into the Power junction for distribution
and centrally-controlled with the Power
Control system for load demand power
management.
SignTurbine is your
Green Energy for Advertising, intelligent
power generation and management
system.
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SolidEnergy is a privately held
company founded in the spring of 2012.
Its mission is to develop cutting-edge
lithium battery technologies to meet the
world’s
growing
energy
storage
demand. It is comprised of a team of
Harvard and MIT-trained scientists and
entrepreneurs with experience in battery
technology, energy startups and a
passion
to
change
the
world.
SolidEnergy is developing a Polymer
Ionic Liquid (PIL) rechargeable lithium
battery technology that dramatically
improves both the safety and energy
density
of
rechargeable
lithium
batteries.
The battery can safely
operate from minus 40 degrees Celsius
to 250 degrees Celsius and has the
potential for four times the energy
density of a conventional lithium-ion
battery. This dramatically increases the
range capability of electric vehicles,
speeds up the adoption of EV’s
worldwide, reduces U.S. demand for
foreign oil and helps reduce global
carbon dioxide emissions.
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MIT Clean Energy Prize
Universities of Semifinalists
Boston University
Carnegie Mellon University
Citadel
Columbia University
Duke University
Harvard University
Massachusetts Institute of Technology
Northeastern University
Purdue University
Tufts University
University of Colorado
University of Houston
University of Massachusetts
University of Pennsylvania
Vellore Institute of Technology
Vincennes University
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MIT Clean Energy Prize Sponsors
Grand Prize
The MIT Clean Energy Prize was founded by the MIT
Entrepreneurship Center with the generous support of NSTAR and
the U.S. Department of Energy.
For more than 100 years, NSTAR has been delivering safe and
reliable electricity and natural gas to customers in Eastern, Central
and Southeastern Massachusetts. NSTAR transmits and delivers
electricity to 1.1 million electric customers in 81 communities and
nearly 300,000 gas customers in 51 communities. NSTAR is an
operating company of Northeast Utilities one of the nation’s largest
utilities and a Fortune 500 company.
The Office of Energy Efficiency and Renewable Energy
(EERE) works to strengthen the United States’ energy security,
environmental quality, and economic vitality in public-private
partnerships. It supports this goal through (1) enhancing energy
efficiency and productivity; and (2) bringing clean, reliable and
affordable
energy
technologies
to
the
marketplace.
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Finals – Category Sponsors
Energy Efficiency
The Massachusetts Clean Energy
Center was created by the Green
Jobs Act of 2008 and is dedicated to
accelerating the success of clean
energy technologies, companies and
projects in the Commonwealth – while
creating high-quality jobs and longterm economic growth for the people
of Massachusetts. MassCEC is a
partner, clearinghouse and connector
for people in the clean energy sector,
making direct investments in clean
energy companies, building a strong
clean
energy
workforce,
and
supporting
responsibly
sited
renewable energy projects across the
Commonwealth.
MassCEC works
with the entire clean energy
community in Massachusetts to
propel promising technologies from
the drawing board to the global
marketplace. For more information,
visit www.masscec.com.
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Renewable Energy
Chevron Technology Ventures (CTV)
helps Chevron embrace emerging
technologies to create new commercial
opportunities, reduce costs and improve
performance. CTV serves as one of the
company’s most important technology
“scouts” always searching for emerging
technologies that could enhance
Chevron’s strategies. CTV identifies,
acquires, tests, validates, and – if
appropriate – helps integrate those
technologies into the company’s core
businesses. Alternatively, technologies
may be studied then “shelved” for future
consideration.
Deployment and Infrastructure
GDF Suez develops its businesses
around a model based on responsible
growth to take up today’s major energy
and environmental challenges meeting
energy needs, ensuring the security of
supply, combating climate change and
optimizing the use of resources. The
Group provides highly efficient and
innovative solutions to individuals, cities
and businesses by relying on diversified
gas-supply sources, flexible and lowemission power generation as well as
unique expertise in four key sectors:
liquefied natural gas, energy efficiency
services, independent power production
and environmental services.
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3M New Ventures was created to
strengthen 3M’s position at the leading
edge
of
global
innovation
by
complementing 3M’s holistic innovation
strategy with a focus on disruptive, early
stage innovations outside of the
company’s existing portfolio.
New
Ventures identifies and invests in the
most promising new-to-3M technologies, services and business models
with high strategic relevance for 3M.
New Ventures keeps a pulse on the
future
by
monitoring
emerging
technologies and global mega trends.
Through visionary assessment of
different future scenarios and their
translation
into
today’s
business
opportunities, New Ventures is able to
invest in the most promising innovations
that offer solutions for tomorrow’s
challenges.
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Audience Choice Award
MIT Sloan Executive Education
programs are designed for senior
executives and high-potential managers
from around the world. From intensive
two-day courses focused on a particular
area of interest, to executive certificates
covering a range of management
topics,
to
custom
engagements
addressing the specific business
challenges of a particular organization,
our portfolio of non-degree, executive
education and management programs
provides business professionals with a
targeted and flexible means to advance
their career development goals and
position their organizations for future
growth.
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MIT Clean Energy Prize Judges
Grand Prize
Bill Joy, Investment Partner, Kleiner Perkins Caufield Byers
David Danielson, Assistant Secretary, EERE, US Department of
Energy
Penni McLean-Conner, VP Customer Care, NSTAR
Ray Rothrock, Partner, Venrock
Tom Burton, Chair of Energy and Clean Technology Practice,
Mintz Levin
Susan Tierney, Managing Principal, Analysis Group
Trond Uneland, VP and and Managing Executive, Chevron
Technology Ventures
Charles Cooney, Robert T. Haslam Professor of Chemical
Engineering, MIT
Finals
Energy Efficiency
Bill Schnoor, Partner, Goodwin & Procter
David Brewster, Co-founder & President, EnerNOC
Mark Sylvia, Commissioner, MA Department of Energy Resources
Ric Fulop, Partner, North Bridge Venture Partners
Geoff Chapin, Founder and CEO, Next Step Living
Eric Ducharme, Vice President, Global Technology, GE
Transportation
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Renewable Energy
David Wells, Investment Partner, Kleiner Perkins Caufield Byers
Fiona Murray, Associate Professor Management of Technological
Innovation & Entrepreneurship, MIT
Michael J. Pomianek, Shareholder and Chair of Cleantech
Practice Group, Wolf, Greenfield & Sacks, P.C.
Kevin Reed, Head of Advisory, Cleantech Group
Glen Davis, CEO and Co-Founder, Agile Energy, Inc
Deployment and Infrastructure
Mark Barnett, Co-Chair of Energy Technology and Renewables
Practice, Foley Hoag
Patrick Cloney, Executive Director, Massachusetts Clean Energy
Center
Rob Day, Partner, Black Coral Capital
Alicia Jackson, Program Manager, DARPA
Jigar Shah, CEO and Co-Founder, Carbon War Room
Semifinals
Energy Efficiency
Jeffrey Cassis, CEO, Philips Color Kinetics
Jason Hanna, President and Founder, Coincident, Inc
Eric Graham, Director, Tech Bridge Program, Fraunhofer – CSE
Harvey Michaels, Energy Efficiency Scientist and Lecturer, MIT
Rees Hawkins, Associate, Choate, Hall & Stewart LLP
Nick Adams, Director of Client Solutions, Opower
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Renewable Energy
Sean Biggs, Director, Climate Change and Clean Energy, IHS
CERA
Bradford Swing, Director of Energy Policy, City of Boston
Sandra Kreis, Green Program Manager, CB Insights
Edward Greer, Manager, Ventures & Business Development, Dow
Chemical
Steve Kaufman, Operating Partner, Riverside Partners
Deployment and Infrastructure
Marguerite Clark, Vice President, GDF Suez
Nick deMarco, Assistant Vice President, Venture Capital GE
Energy
Steve Derezinski, CEO and Co-Founder, Metal Oxygen
Separation Technologies, Inc.
Mike Jacobs, Director Regulatory Affairs, Xtreme Power
Matthew Nordan, Vice Principal, Venrock
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MIT Clean Energy Prize Mentors
Eric Amundsen, Wolf Greenfield
Jonathan Axelrad, Wilson Sonsini Goodrich
Michael Bain, WilmerHale
Bob Bishop, Goodwin Procter
Mark Chen, Fox Translate
Gary Clarke, Hy9 Corporation
Melissa Crowe, Engineered Solutions
Justin Dawe, C12 Energy
Nick deVries, Phoenix Solar
Jennifer Fang, Goodwin Procter
Josh Fox, WilmerHale
Tommy Franklin, Wolf Greenfield
Larry Fromm, Achates Power
Daniel Handal, Navigant Consulting
Brad Harkavy, Harkador Partners
Seth Helfglott, Wilson Sonsini Goodrich
Peter Hill, Triangle
Jeff Johnson, WilmerHale
Mark Kalpin, WilmerHale
Colleen Kaman, Pop! Tech
Edward Kern, Irradiance
John Kluza, Consultant
Binyamin Koretz, BrightSource Energy
Sriram Krishnan, MEMC Electronic Materials
Mike Lee, Engineering Solutions
Randy Lewis, Wilson Sonsini Goodrich
Edward Lovelace, Satcon Technology Corp.
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Craig Masterman, Xyleco
Mike McDonald, Edison Mission Marketing
Harvey Michaels, MIT
Pasi Miettinen, Sagewell, Inc.
Dick Norman, Essex Hydro Associates LLC
Bob O’Connor, Wilson Sonsini Goodrich
Matthew Pearlson, Made in the Commonwealth
Mike Plusch, Plusch Build and Design
Robert Privette, XG Sciences
Anil Rachakonda, Applied Materials, Inc.
Steve Reece, Sun Catalytix
Tom Ricciardelli, SelecTech
Jason Roeder, EnerNOC
Pedro Santos, OsComp Systems, Inc.
Todd Schatzki, Analysis Group
James Schwartz, Independence Solar
May Rose Scozzafava, WilmerHale
Jonathan Shapira, Goodwin Procter
Jeff Stein, WilmerHale
Per Suneby, PMC BioTec
Anul Thapa, Brattle Group
John Tincoff, Romulus Advisory
T. Bruce Tsuchida, Charles River Associates
Charlie Turlinski, BrightSource Energy
Jim Walker, Ameresco
Ed Walsh, Wolf Greenfield
Jurgen Weiss, The Brattle Group
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MIT Clean Energy Prize Organizing Team
Managing Directors
Betar Gallant
Robbie Hobbs
Team Members
William Boyd, Judging
Lohithaksha Chengappa, Events
Deike Diers, Judging
Athens Fitzcheung, Technology Matching and Team Formation
John Gillis, Mentorship
Veronica Hume, Marketing
Chris Kuryak, Digital Media Lead
Kevin Loos, Judging
David Miller, Mentorship and Marketing
Sid Misra, Mentorship and Marketing
Allison Rosenberg, Marketing and Events
Samuel Shaner, Mentorship and Events
Malini Sridharan, Mentorship and Marketing
Will Talbott, Showcase
Marianna Verlage, Marketing and Events
Special thanks to the MIT Clean Energy Prize Advisory Board
members Bill Aulet and Tod Hynes and the MIT Entrepreneurship
Center for their continued support.
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