Fluxart was selected from over 200 applications spanning 43 countries, the final dozen will now each receive up to £100,000 in funding and undergo a months-long programme of mentoring and development, and to accelerate the development of our Cyrogenic Motors leveraging Superconducting technology for Aviation.
The process will also see them tap into NZTC’s global energy network, including support from the programme’s industry partners bp, Equinor and ADNOC.
Fluxart will follow on in the footsteps of Universal Hydrogen’s CEO, Paul Eremenko who co-founded in 2020, and the company raised $20.5 million in a 2021 Series A funding round led by Playground Global. Funding to date is approaching $100 million, including investments from Airbus, General Electric, American Airlines, JetBlue and Toyota. The company is headquartered just up the road from SpaceX in Hawthorne, California, with an engineering facility in Toulouse, France.
The Net Zero Technology Centre (NZTC) has announced its 2023 start-up cohort. Twelve clean energy start-ups, selected from over 200 applications spanning 43 countries, have gained a place on the award-winning TechX Clean Energy Accelerator programme, which begins in late February 2023.
The process will also see them tap into NZTC’s global energy network, including support from the programme’s industry partners bp, Equinor and ADNOC.
NZTC says it hopes the process will help drive the “trailblazing solutions” developed by the early-stage companies, all of which can support the sector’s route to net zero by 2050.
The start-ups selected are:
- ACUA Ocean – hydrogen power train technology to propel unmanned surface vessels
- Electrogenos – novel catalyst and electroplating process for alkaline electrolysers
- Fluxart – cryogenic superconducting hydrogen motors to decarbonise aviation
- Hydrowheel – novel inflatable waterwheel technology, generating renewable energy from tidal power
- MESPAC – space-based metocean survey intelligence for offshore renewable energy
- Myriad Wind Energy Systems – modular multi-rotor wind turbines
- Parallel Carbon – direct air capture technology that utilises renewable energy and abundant minerals
- PuriFire Labs – cryogenic carbon capture technology
- Wastewater Fuels – microbial electrolysis cells for green hydrogen production from wastewater
- Waterwhelm – forward osmosis desalination technology to enable energy efficient hydrogen production in regions of fresh water unavailability
- WaveX – foundation-free wave energy converter, deployed within seabed
- Windswept – scalable kite wind turbines with lightweight and efficient blades
