[IT Startup News] Energy Management Startups Will Lead Us Into A Greener Future

SparkAmpLab Editorial Team
May 27, 2019

***This article is a story curated by SparkAmpLab that can be shared or modified for re-post***

Businesses all over the world are taking on new and more ethical methods to fuel their company, by investing in green technology startups. New green technology startups are popping up globally to provide solutions for effective energy management, in particular, Incooling and Verdigris.

Innovators are realizing that the climate problem needs practical solutions, so startups are being formed dealing with issues at hand. Climate change has huge implications for businesses around the globe, many are willing to take an ethical stance on the matter, whilst others are more reluctant. For the more reluctant companies, startups are providing other selling points, like reducing costs through energy management, to ensure a greener future for our planet.

Innovative solutions

Incooling is a fairly new startup, although it only began in early 2019, it is already successful. It has raised €630,000 through ventures and awards, and their team is planning to move to Silicon Valley very soon.

Based in the Netherlands, Incooling is a new semiconductor startup. Incooling has partnered with European Organisation for Nuclear Research (CERN) and operate with their CO2 technology, in order to cool internal components of a computer. Soon enough, cooling systems will not be able to keep up with 3D integrated chips, so essential technology is an answer to future problems. Thermal energy management is vital for any company, as it can increase the life span of components and improve performance.

Verdigris is an American based startup, founded by Mark Chung (CEO) who in 2011 was inspired by a very expensive electricity bill after a trip away.

Verdigris is focused on energy management and creating smart buildings via AI. Its use of green technology allows companies to monitor all of the electrical feeds projected in their base, displaying useful insights, to enable energy management to be done more effectively. Another trick of this green technology is that it reduces excessive energy during the busiest hours and before systematic faults appear the technology detects them.

Now, 500 of their systems are utilized all around the world in 38 countries, helping companies to operate ‘smart buildings’.

Why is green technology important?

A climate crisis is upon us, and as a global community, we need to do all we can to slow climate change down. Statistics point that just 100 companies are responsible for 71% of emissions released globally. On a business level, green technology is showing to be more cost effective by minimizing costs on power.

Meet the creators

Annually, one of the world’s largest technology events is held in Taipei (Taiwan): CompuTEX, a whole range of IT ideas are explored, keynotes are given, and it gives startups a chance to show the world their ideas.

This year the event will run from May 28 to June 1, and both Incooling and Verdigris will be exhibiting. The event will enable green technology startups and other areas of the IT industry to put their work in the limelight and encourage other businesses to invest in their services.

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