The Carbon to Value Initiative (C2V Initiative), a three-year collaboration with Urban Future Lab at NYU Tandon School of Engineering, Greentown Labs and Fraunhofer USA that aims to speed up the carbontech industry, has chosen eight startups to participate in year two of its accelerator program, in partnership with its Year Two Cohort Champion, Fluor Corporation. The New York State Energy Research and Development Authority (NYSERDA) also supports the initiative.
Over 100 startups from 20 countries offering different carbon solutions applied for the Carbon to Value Initiative program, and following a competitive selection process, the C2V Initiative chose eight companies coming from the U.S.,Germany and Canada and offering a variety of carbontech innovations. Those are: Aluminum Technologies, Carbon Upcycling Technologies, Carbonova Corp, ecoLocked, Full Cycle Bioplastics, Lydian, Molecule Works, and Osmoses.
The selected companies will work with multinational engineering and construction firm Flour for six months to facilitate their commercialization efforts and diminish carbontech-associated risks.
“Leading the EPC industry by example, Fluor is striving to be net-zero with scope 1 and 2 emissions by 2023,” said Al Collins, Fluor’s president for corporate development and sustainability. “With carbontech at the epicenter of many disruptive climate solutions, the C2V Initiative, together with Fluor, has selected a cohort of great vision, potential, and diversity. We look forward to what this year will bring.”
As part of the C2V Initiative, public-benefit corporation NYSERDA offers funding to help the State of New York advance its climate goals and become a leader in carbontech.
The eight companies will receive access to the Carbontech Leadership Council (CLC), and selected startups will also receive a $10,000 funding for their participation in the accelerator. The Year Two participants will have the chance to collaborate with major corporations, government representatives and NGOs to become part of an innovative ecosystem.