Hayward, California (EastBayDaily) — Alphabet Energy Inc., innovator of thermoelectric products for waste-heat recovery, was awarded second place in the Global Entrepreneurship Competition at this year’s bizBarcelona. Alphabet Energy was selected from among 16 finalist companies from around the world, each of which represented the best in class in their respective regional competitions among a pool of 10,000 startups.
A jury of famous investors, successful entrepreneurs and corporate senior executives chose the best three companies. As second-place winner, Alphabet Energy was awarded a cash prize of 5,000 Euro.
“We are honored to be awarded second place among a stellar field of startups, and thank the city of Barcelona for their hospitality and support,” said Matt Scullin, Alphabet’s CEO and founder.
Alphabet’s fabless semiconductor approach to thermoelectrics
Thermoelectric materials are semiconductors that, when placed in a temperature gradient, generate electricity in the solid state. A distinguishing characteristic of Alphabet Energy’s approach to waste-heat recovery is its use of silicon as its thermoelectric heat-to-power technology. Alphabet’s efficient silicon-based technology leverages established and readily available silicon infrastructure and expertise; Alphabet is the leader in this approach. Tapping into existing know-how and capacity in the semiconductor and MEMS industry enables the company to iterate quickly through prototype phases and achieve scale faster by operating as a “fabless” semiconductor manufacturer and lean startup. Alphabet’s breakthrough thermoelectrics can be used to turn heat directly into electricity in applications ranging from power generation, to heavy industry, automotive, aerospace, and military.
About Alphabet Energy Inc. Alphabet Energy is commercializing breakthrough, inexpensive waste-heat recovery products. Alphabet aims to offer the most modular and scalable heat-recovery technology available, and to tap into the potential $100 billion market for the conversion of medium- and high-grade waste heat into electricity — offsetting as many as 500 million metric tons of carbon per year. Alphabet Energy won four awards at the 2009 Cleantech Open business competition: runner-up, National Prize; winner, National People’s Choice Award; winner, California region Energy-Efficiency Prize; winner, California region Sustainability Prize. For more information, see http://www.alphabetenergy.com and @alphabetenergy on Twitter.