ReJoule was named in the 2021 New Energy Nexus USA Impact Report for its work towards solutions that power the transition to a 100% clean energy economy for all. The company maximizes the value of batteries while maintaining 100% clean energy. ReJoule’s batteries provide electricity to automobiles and houses, paving a cleaner energy future.
New Energy Nexus
Since 2004, New Energy Nexus, formerly known as the California Clean Energy Fund (CalCEF), has been accelerating investment and developing California’s clean energy innovation ecosystem. In 2019, they created Third Derivative, a joint venture with RMI, and extended their US footprint through the Clean Fight New York, an NYSERDA-funded program. Together with other worldwide projects, these initiatives help realize the vision of a diversified and thriving ecosystem that brings together everyone working to make the transition to a 100% clean energy economy a reality.
Read the complete USA Impact Report 2021 of NEW ENERGY NEXUS here: https://lnkd.in/gdb9cnyV.
Why is a Clean Energy Innovation Ecosystem Necessary?
Clean energy innovation ecosystems are necessary to address the climate change and energy security challenges.
Clean energy innovation ecosystems are effective tools for creating new jobs, attracting investment, and building sustainable and prosperous communities. Most importantly, clean energy innovation ecosystems can help nations accelerate the transition from fossil fuels to renewable energy sources.
To achieve this goal, we need a more robust global commitment to develop and deploy cleaner technologies to reduce greenhouse gas emissions and improve air quality. To create California’s clean energy innovation ecosystem, New Energy Nexus plays its role in the region.
Increasing the efficiency and longevity of electric vehicle batteries.
Awardee for CalSEED and CalTestBed, ReJoule enhances the value of each battery by allowing used EV batteries to power and store energy on the grid. With real-time data, ReJoule has developed technology that delivers unparalleled insights into a battery’s status (of health, charge, and power) to simplify testing and enhance the longevity, safety, and energy efficiency of batteries.
“ReJoule will maximize the value of EV batteries by streamlining their life cycle from cradle to cradle. Our industry partners can’t wait to see third-party testing results [from the CalTestBed initiative].”
Zora Chung, Co-founder, and CFO
The California Energy Commission (CEC) provided $3 million in follow-on financing, while the National Science Foundation provided $1 million. Worked with Ford Motor Company, Cleanspark, and GRID Alternatives to recycle spent EV batteries under their CEC ReJoule award. Cleanspark offered their energy management software and experience in implementing microgrids, and GRID alternatives provided solar installation and employment development in the underprivileged neighborhoods where the sites are located.
New Energy Nexus Supports ReJoule
Rejoule won the CalSEED idea and prototype prize and a CalTestBed testing voucher to put their second-life Battery Energy Storage Systems to the test at UC Riverside.
ReJoule was able to develop and test their prototype – a lightweight, desktop computer-sized device that can diagnose whether a battery is suitable for a second life in less than five minutes and as little as 30 seconds – with $600,000 in non-dilutive funding from CalSEED and an additional $154,540 in testing vouchers from CalTestBed.
How will EV Batteries by ReJoule Transform Solar Energy?
The Inland Empire was ranked 10th best in EV adoption, Startempire Wire reported last year. Based on the International Energy Agency (IEA) report, one of the two factors that impact the most in enabling EV adoption is the battery industry. It’s only a matter of a few years before ReJoule’s product and service area will be in high demand. It is not just startups like Rejoule and Instant ON trying to solve the problem of solar energy storage and battery charging; there’s a similar push at the utility-scale electrification of the energy supply chain.