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Austin’s Capital Factory awarded three early stage start-ups focused on cleantech a collective $300,000 at EarthX’s E-Capital Summit.

Capital Factory has initially committed to awarding $100,000.

However, the firm’s investment committee was so impressed with the solutions developed by the three finalist Syzygy Plasmonics , Evolve Energy and Semtive.

Three three startups will also gain special access to entrepreneurs in Texas, be admitted to Capital Factory’s Accelerator programme, gain access to the Capital Factory Mentor network, and receive six months of unlimited co-working at Capital Factory.

Syzygy Plasmonics is a technology company developing a new photocatalytic chemical reactor powered by light instead of heat from burning fuel. It holds promise to revolutionise the industrial gas, chemical and energy industries by reducing cost and emissions.

Semtive generates clean and renewable energy with Nemoi, a patented vertical axis wind turbine that can be installed in under an hour, operates at extremely low wind speeds, and is virtually noiseless.

Evolve Energy uses wind and solar energy to cut up to 30% off monthly electricity bills, using an AI platform to automatically shift your energy usage to non-peak hours when more green energy is flowing into the grid.

Keane Tony, CEO at EarthX, said: “What a thrill to see three companies walk away from the EarthX E-Capital Summit with this kind of investment and support.

 “We know that we can have all the good ideas in the world, but we need to shepherd them and convene the right parties – private capital, financiers, early- to late-stage companies, industry thought leaders, policymakers, incubators, accelerators and researchers – to ensure they have the most substantial positive impacts on profit, people and the planet. This is the promise of EarthX, which brought together more than 175,000 people this year alone.”

 “The EarthX E-Capital Summit has quickly become one of the most important clean tech events and conferences featuring pioneers, policy makers, investors, and philanthropists,” said Bryan Chambers, vice president of the accelerator and investment fund at Capital Factory. “While Texas is well known for our contributions to the traditional oil and gas industry, we’re excited to partner with E-Capital on this investment challenge to help inform the public about all the great entrepreneurs and innovation occurring in Texas in the clean tech sector.”