Partner ecoLong receives funding to move forward

“ecoLong is honored to receive the Department of Energy’s Small Business Innovation Research award with our partners at the University at Albany to develop a peer to peer energy trading platform. This platform harnesses blockchain technology to empower energy consumers and producers with more transparency and reliability in the energy transaction process.....We are proud to be a part of the capital region ecosystem, the support and guidance of our partners Center of Economic Growth, Innovate 518, Albany Small Business Development Center, and Blackstone Launchpad have been key to our growth."

- ecoLong CEO, Nancy Min

 

ecoLong LLC, an environmental science and renewable energy high-tech company based out of our very own Albany, New York, has succeeded in driving innovation and investing in clean energy that empowers consumers throughout the Capital Region. Distributed energy resources are in high demand, and require the constant development of new technologies to enable "prosumers"—consumers who produce their own energy, to connect directly with other prosumers to help meet each others energy needs. Thanks to funding from The Department of Energy's Solar Energy Technologies Office's (SETO) and Small Business Innovation Research (SBIR), this project will use its new technology to allow consumers, solar owners, and utilities alike to directly connect and maximize economic and technological benefits in the renewable energy community. ecoLong was the only New York solar company to receive funding from the Department of Energy in 2018. Founded in 2015, their first technology, the Sky Imager-Radiometer (eSIR), was developed for applications in weather/climate, solar energy, and air quality. 

 

 

The SBIR program consists of three different funding levels: a feasibility demonstration (Phase I), prototype development (Phase II), and commercialization (Phase III). ecoLong recently completed phase I.

 

As part of the SBIR, the company must collaborate with a nonprofit research institution. We are thrilled ecoLong decided to partner with us here Innovate 518, who will continue to assist with funding and address the commercialization challenges.

Congratulations ecoLong!

 

Learn more about the Small Business Innovation Research and Small Business Technology Transfer here.