BUSINESS WIRE — The Wells Fargo Innovation Incubator (IN²), a $50 million clean technology program funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced today it selected 10 organizations to participate in the inaugural cohort of the new Scalable Tech Track program for cleantech adoption.
NREL and Wells Fargo founded IN² in August 2014 with an initial focus on commercializing solutions that reduce the energy impact of commercial buildings and later expanded its focus to advance technologies that address the sustainable production of agriculture and housing affordability. After 10 years of commercializing emerging clean technologies, IN² is launching the Scalable Tech Track, in collaboration with Overlay Build, to address demand-side market barriers and increase widespread adoption of cleantech solutions.
“Organizations are under increasing pressure to decarbonize, facing significant costs and reputational risks if they fail to act,” said Sarah Derdowski, IN² program manager at NREL. “Despite these pressures, many organizations still aren’t adopting clean technologies fast enough. The new Scalable Tech Track is designed to help organizations accelerate cleantech adoption and collaborate in an effort to address urgent climate challenges together.”