Los Angeles, Feb. 28, 2018 (GLOBE NEWSWIRE) --

Global Green is honoring the Wells Fargo Innovation Incubator (IN2), funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), this evening at the 15th Annual Global Green Pre-Oscar Gala.

The IN2 program is being recognized for its role in creating a platform to speed the path to market for clean technologies aimed at supporting resilient, smart and connected communities that will enable our cities to achieve greater sustainability. Lisa Laughner, president and CEO of Go Electric Inc., an IN2 portfolio company that delivers energy storage solutions to provide energy security and efficiency to facilities and the grid, will accept the award on behalf of IN2.

"It is time to recognize the importance of energy resilience. In the aftermath of recent extreme weather events, it is clearly important for all of us to strive to make a difference in raising awareness about energy security and stability. Programs like IN2 play a critical role in advancing early-stage technologies that provide scalable solutions to reduce energy impact and show the promise of a sustainable future,” Laughner said. 

Known as the green event of Oscar Week with more than 300 guests, IN2 will join fellow honorees Cinema for Peace and the Leonardo DiCaprio Foundation, as well as eco-luminaries, environmental companies, political leadership and eco-conscious celebrities from around the world, to celebrate sustainable solutions and raise funds and awareness for Global Green’s critical green urbanism and climate resiliency work across the country. 

“IN2 is a strategic philanthropy initiative intended to accelerate the transition to a lower carbon economy by supporting early-stage, clean-technology entrepreneurs,”  said Mary Wenzel, head of Environmental Affairs and Sustainability at Wells Fargo & Co. (NYSE: WFC). “Wells Fargo is honored to receive this accolade from Global Green as we are committed to advancing clean-tech development and commercialization within local, regional and national communities driven forward by a dynamic eco-system of leading clean technology incubators, accelerators, and universities.”

About the Wells Fargo Innovation Incubator (IN2
IN2 is a $30 million clean-technology incubator and platform funded by the Wells Fargo Foundation. Co-administered by and housed at the National Renewable Energy Laboratory (NREL) in Golden, Colorado, IN2’s mission is to speed the path to market for early-stage, clean-technology entrepreneurs. Companies selected for participation in the program receive up to $250,000 in non-dilutive funding from Wells Fargo, technical support and validation from experts at NREL’s facilities and the opportunity to beta test at a Wells Fargo facility or with a strategic program partner. Launched in 2014 with an initial focus on supporting scalable solutions to reduce the energy impact of commercial buildings, IN2 is expanding its focus in 2018 to support innovation in sectors such as transportation, commercial buildings, food systems, energy storage and others with the ultimate goal of fostering smart and connected communities of the future. For more information, visit in2ecosystem.com.

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Danielle Calfo
dcalfo@mapr.agency