Industrial heat accounts for 18% of global greenhouse gas emissions. Climate change mitigation will not be successful without decarbonizing industrial heat. Recognizing this, more than $31trillion of corporate revenues is covered by net-zero targets.
Vulkn Energy is developing highly efficient thermal energy storage using proprietary concrete. Designed for industrial processes below 600°C, this long-duration storage converts cheap intermittent renewable energy into on-demand heat and steam, replacing fossil fuels. The Vulkn solution lowers the cost of heat, increases the stability of its supply, and mitigates carbon emissions. Thanks to the abundance and low cost of input materials, it has a low manufacturing and technological risks and it is constructed to require low maintenance.
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Venture Kick supports potential entrepreneurs with start capital up to CHF 150'000 as well as hands-on execution support and access to a nationwide network of investors and experts in the startup field. Multiple times per year, 8 selected projects get the opportunity to present their business ideas in front of a panel. The 5 most promising projects enter the support process. After 9 months at the latest, the startups incorporate and enter the market. Since 2007, Venture Kick has invested over CHF 58 million in over 1111 projects.