January 20, 2023—For its 10th cohort, the Wells Fargo Innovation Incubator (IN2) formed an all-demonstration group where each participant would scope and perform a demonstration of their technologies as part of the program.
The IN2 startups will complete their demonstrations over the next year or two, helping them in their goal to see their technologies gain market acceptance. Giving each startup a real-world opportunity for its technology backed up with technical assistance from National Renewable Energy Laboratory (NREL) helps de-risk new customer acquisition by providing a concrete example of success.
The key part of NineDot Energy’s success is understanding the time and place to improve the grid, and co-founder and CTO Adam Cohen hopes NREL can help him find the golden spot.
“We’re trying to pinpoint where on the grid the power is needed most,” Cohen said. “Where on the grid can you interconnect at lower costs without having impacts on the system and which location will provide the most help when the grid needs support.”
During the past summer NineDot Energy installed a demonstration of its vehicle-to-grid (V2G) charging system in Brooklyn, New York. In the New York City area, the FDNY has strict codes which make installing large lithium-ion batteries indoors very difficult at the moment. However, the fire department does allow batteries inside electrical vehicles (EVs) in the many parking garages across the city.