W7energy among the 10 Most Promising Companies at Rice 18th Annual Energy Tech Venture Forum

October 12, 2020

W7energy LLC among the 10 Most Promising Companies at the 2020 Energy Tech Venture Forum hosted by the Rice Alliance for Technology and Entrepreneurship

Online PR News – 12-October-2020 – Wilmington, DE – W7energy LLC was recognized as one of the 10 Most Promising Companies at the 2020 Energy Tech Venture Forum hosted by the Rice Alliance for Technology and Entrepreneurship on Sept. 17, 2020. The companies were chosen by industry experts and investors.

“This has been a fantastic opportunity to showcase how our technology can help economically decarbonize the hydrogen consumed by the oil and gas industry,” said W7energy CEO Yushan Yan. “Our patented membrane technology can make green hydrogen cost competitive, allowing it to be a preferred alternative for the energy sector. Thanks to the Energy Tech Venture Forum, we are now in conversations with major strategic investors to accelerate the development of our electrolyzer technology.”

In the most competitive year for the forum, 40 energy tech companies were selected to present virtual quick pitches to qualified investors and industry representatives with over 1500 attendees from around the world registering to attend.

The 2020 event was the largest forum in the event’s 18-year history with more than 110 energy ventures participating—these companies have already raised more than $655 million in funding. Throughout the -day event, global leaders in energy technology venture capital investing and leading global energy corporations participated in panels and 40 energy tech ventures pitched their companies. In total, more than 93 investment groups participated in the forum or took office hours. The event kicked off with a keynote from Maynard Holt, CEO of Tudor, Pickering, Holt & Co. and closed with a special announcement on the launch of the new Rice Alliance Clean Energy Accelerator.

A recording of the event is available on the Energy Tech Venture Forum website.

About W7energy

W7energy will transform the future of energy and produce clean hydrogen at scale—reliably and affordably. Our innovative alkaline-based electrolyzer system introduces our new class of patented polymers. Using only pure water and renewable electricity, W7energy’s cost-effective green hydrogen solution has the potential to substantially reduce over 30% of the global carbon emissions:

W7energy core polymer technology is backed by $5mm from DOE ARPA-E, Blue Hen Proof of Concept Fund, Unidel Foundation, FastPass-Delaware Innovation Space, EDGE-Delaware Division of Small Business, and Green Energy Fund-Delaware Department of Natural Resources and Environmental Control.

About The Rice Alliance for Technology and Entrepreneurship

The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) is Rice University’s globally-recognized entrepreneurship initiative devoted to the support of entrepreneurship education, technology commercialization, and the launch of technology companies. Since inception, over ,675 startups have raised more than $21.5 billion in funding. More than 52,000 entrepreneurs, investors, and members of the entrepreneurial ecosystem have attended over 200 programs hosted by the Rice Alliance.