August 27, 2018
ESA Member Nikola Power Selected for Techstars Sustainability Accelerator
ESA is proud to congratulate one of its members, Nikola Power, for being selected to be in the inaugural class of the Techstars Sustainability Accelerator in partnership with The Nature Conservancy. Nikola Power, a storage+solar technology and software provider, was the only energy storage company selected for the program.
Nikola Power develops and manages energy storage and solar projects. The company works with the largest electric power companies in the country to create reliable and bankable renewable energy assets. Nikola Power coordinates new energy storage and solar projects, secures project financing, and manages long-term assets and operations through its state-of-the-art network operations center. In addition to this work, the Nikola Power team is developing technology that can optimize the installation and management of batteries, bringing substantial savings to its customers.
Techstars runs for three months and will end with a Demo Day on Oct. 17 in Denver. This year’s cohort includes 10 elite companies, who were selected from a pool of over 1,000 entrants. Since its inception in 2006, the accelerator has supported the growth and development of more than 1,500 startups – an astonishing 87 percent of which are still actively running or have been acquired.
“We are quite honored to have been chosen to be a part of this network and can’t wait to continue the journey over the coming months,” said founder and CEO J.W. Postal. “This is the first time Techstars has partnered with a multinational NGO like The Nature Conservancy, and we’re very lucky to learn from their expertise.”
Participating companies are mentored by world-class scientists and experts from The Nature Conservancy in addition to business and technology mentorship from the larger entrepreneurial community.
Here’s their first attempt: So far, through the Techstars program, Nikola Power has been working on polishing their elevator pitch.
“In order to tackle climate change, we need to harness more clean energy. 82% of people around the world want this — but how do you access solar power at night?
The answer lies in the form of batteries — but we don’t make batteries, we make them operate better. I’m JW Postal, Founder and CEO of Nikola Power, a clean energy technology company.
When people think about batteries, they usually think of backup power. But our software does more than that, we help customers like cities, schools, and businesses save up to 40% on their monthly utility bills, turning batteries into a solution that can help all energy customers transition to renewable energy and save money.”
We are excited to see what is yet to come from Nikola Power in this accelerator program. This is an incredible opportunity and we wish them every success in this endeavor.
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