Banking & Finance  April 11, 2017

Wells Fargo adds $20 million investment to NREL incubator

January 29, 2016 – NREL engineer, Bethany Sparn attaches a device developed by Whisker Labs, to a circuit breaker service box at the SPL in the ESIF. Whisker Labs was one of the companies selected for a grant from the Innovation Incubator (IN2) grant by Wells Fargo and is working with NREL to test, develop and research their product. (Photo by Dennis Schroeder / NREL)
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GOLDEN — The Wells Fargo Foundation is adding a $20 million investment to the Department of Energy’s National Renewable Energy Laboratory’s Innovation Incubator, a partnership between NREL and Wells Fargo to grow sustainability startups.

Wells Fargo decided to partner with NREL after becoming involved in NREL’s 2010 Industry Growth Forum, said Ashley Grosh, manager of strategic environmental philanthropy for Wells Fargo.

“We’re large energy lenders, and commercial building tech has always been interesting to us,” Grosh told BizWest. “We sat down and developed a strategy of how a large financial institution like ours and a…

Jensen Werley
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