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Posted on  

August 23, 2001

ATI Launches Clean Energy Incubator

Austin Technology Incubator (ATI) has launched an initiative to incubate clean energy companies, in partnership with the National Renewable Energy Laboratory (NREL).

The Clean Energy Incubator will be headed by Richard Amato, previously of American Shuttle Tankers (Navion) in Houston, Texas. The incubator will focus its efforts towards renewable energy (solar, wind, biomass, geothermal, fuel cell, etc.), energy efficiency, and energy management and distributive resources. The initiative will build upon ATI's experience in working with more than 100 technology-based startups since its inception in 1989.

"One of the main challenges of this venture will be to establish an extensive network of resources and service providers for clean energy companies, similar to the ATI network for high tech startups," comments Richard Amato, director of the Clean Energy Incubator. "However, the response we have received so far is tremendous. The community is excited about the opportunities and developments that the Clean Energy Incubator will provide."

Although the program is an Austin based enterprise, the clean energy incubator will still maintain the global perspective and outreach of ATI and its parent organization, the IC2 Institute of The University of Texas at Austin. The program will be funded through a state energy grant from the State Energy Conservation Office (SECO), and federal funds from the US Department of Energy.

"From our perspective, ATI is clearly one of the marquee incubators in the country," states Marty Murphy, director of enterprise development programs at NREL. "Texas is also an important state for clean energy technologies with the potential to grow. That is one of the main reasons that we pursued the Austin Technology Incubator first."
 

 

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