Lebanon, N.H.-based SustainX has been selected to participate in the second round of the Green Launching Pad, a partnership between New Hampshire and the University of New Hampshire (UNH) that is working to help companies bring new products to market and create jobs.
SustainX provides technology for low-cost, scalable energy storage. The company says its new technology enables efficient storage of renewable energy such as wind power. The energy-storage technology is modular and allows for siting anywhere, from low-scale to grid-scale storage, according to the company.
Selected companies will be connected to business, science and engineering faculty at UNH to develop finance and marketing plans. The Green Launching Pad will also connect businesses with angel investors and private-sector business mentors.
The Green Launching Pad is funded with $1.5 million of federal economic stimulus funds from the U.S. Department of Energy.