Contact: Lauren Tonokawa
Phone: (808) 554-6404
Contact: Bridgette LaRose
DENSO International America, Inc.
Phone: (248) 372-8266
Honolulu, HI, February 19, 2015
– The Energy
, a startup accelerator program that provides funding and strategic relationships to help young companies solve
the world’s energy and transportation challenges, is partnering with global automotive supplier DENSO
in an effort to further accelerate the commercialization of innovative energy-related technologies. This
partnership aligns with the Energy Excelerator’s 2015 cohort of companies – 16 companies with innovative energy solutions
selected from a pool of over 300 applicants – and also supports DENSO’s 2020 goal to significantly improve vehicle fuel
efficiency, reduce CO2 emissions, and to also reduce the world’s overall energy consumption.
“The Energy Excelerator is unique because it enables startup companies that can help solve tomorrow’s energy and transportation
challenges vet their technologies in a real-world test bed through this program,” said Tony Cannestra, director of Corporate
Ventures at DENSO International America. “In addition to DENSO’s extensive internal R&D efforts, DENSO is also very committed to
fostering and supporting external innovation in key areas such as transportation and energy efficiency.”
As a corporate sponsor, DENSO will work with the Energy Excelerator in three key ways:
- Hold a position on the Energy Excelerator’s Strategic Advisory Board where DENSO will help identify challenges within the
energy-transportation nexus. Those challenges will guide the selection of startups Energy Excelerator chooses for the 2016
- Get a first look at, and provide valuable feedback on, the newest innovations in transportation and energy that enter the
Energy Excelerator’s pipeline of startups.
- Have the opportunity to be a project partner for proposed demonstration projects with Energy Excelerator’s cohort companies.
“We are excited to partner with DENSO to address energy- and transportation-related challenges in innovative ways. Two sectors
DENSO is heavily involved in, transportation and energy storage, are well represented in our 2015 cohort,” said Dawn Lippert,
director of the Energy Excelerator. “In addition to aligning with our mission, DENSO can also bring tremendous value to our
companies in helping scale their solutions to the rest of the world.”
DENSO’s partnership will help expand the Energy Excelerator's program, as well as further accelerate the commercialization of
innovative energy-related technologies. DENSO joins the Office of Naval Research, the U.S Department of Energy, the Hawaii State
Energy Office, and Hawaiian Electric Industries as strategic advisors of the Energy Excelerator. In addition, DENSO also is
sponsoring Energy Excelerator partners, ProspectSV
, a Silicon Valley-based commercialization
center for emerging technology companies, and Cleantech Open
, the world’s largest
DENSO’s Silicon Valley office actively works with startup companies, and through this partnership with the Energy Excelerator
expects to gain access to new technologies in the areas of electric vehicles, transportation, batteries, and energy storage while
also expanding DENSO’s overall presence and visibility within entrepreneurial networks.
In 2008, the State of Hawaii committed to 70 percent reduced oil use in transportation by 2030. This aggressive goal is now the
focus of the Hawaii Clean Energy Initiative, the state-federal partnership to decrease Hawaii’s dependence on imported oil. The
Energy Excelerator is working with the State of Hawaii to achieve its aggressive goals by introducing new solutions to Hawaii,
providing funding and facilitating the partnerships needed to demonstrate these technologies, and helping these companies scale
their customer base.
About the Energy Excelerator
The Energy Excelerator is a startup program dedicated to helping solve the world's energy challenges, starting in Hawaii. We help
innovative companies succeed in Hawaii and the Asia Pacific with funding, strategic relationships, and a vibrant ecosystem. Our
program is primarily funded by the U.S. Department of Energy and the U.S. Office of Naval Research and operates as a project of
the Pacific International Center for High Technology Research (PICHTR).
Connect with us on Twitter: twitter.com/energy_excel
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology,
systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include
all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions
and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion.
Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is
traded on the Tokyo and Nagoya stock exchanges.
Currently in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are
manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in
California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama and Arkansas. DENSO’s
North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.
Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica
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