CHARLOTTE – The Charlotte-based startup Antlia Energy is one of six companies selected for the eighth cohort of the Joules Accelerator.
The company, which offers a marketplace for turnkey green hydrogen energy credits, states that its mission is to build the world’s first green hydrogen credit network on its website.
That network, says the company, is “backed by an auditable green hydrogen supply chain, enables opportunities to scale green hydrogen projects in a cost effective way.”
The company also lists Raleigh as a location on its website, and received an NC IDEA MICRO grant in November 2020, and based on a statement on their website, is currently raising a seed financing round.
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The Joules Accelerator is a 90-day program for cleantech startups that become cohort members. According to the website for the accelerator program, selected companies benefit by receiving feedback from network partners, allowing companies to work toward pilot deployments and commercialization.
The accelerator is a 501(c)3 non-profit that is supported financially by Duke Energy, EY, Microsoft, S&C Electric, Lavoie CPA, and the US EDA i6 program.
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Antlia Energy cofounder Ryan Rutledge is also currently the business development director at the Joules Accelerator.
According to the Charlotte Business Journal, Bob Irvin, the executive director at the accelerator, Antlia did not receive a cohort spot due to Rutledge’s history or role with the accelerator. The company was among 500 submitted to the about 50 advisers, the Charlotte Business Journal noted. According to Irvin, these advisers were all aware of the company’s connection to the accelerator, and each adviser received four votes for companies to select, and the accelerator tallied the results, and selected six cohort members.
