Acceleware Invited to Pitch at Energy Tech Venture Forum
CALGARY, Alberta -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a prominent innovator in technologies aimed at decarbonizing industrial process heat, has been chosen to present at the 21st Annual Rice Alliance Energy Tech Venture Forum. This event is a key highlight of the inaugural Energy and Climate Startup Week taking place in Houston.
Overview of the Energy Tech Venture Forum
The Energy Tech Venture Forum, organized by The Rice Alliance for Technology and Entrepreneurship, is a leading venture capital conference focused on energy technology. It connects innovators, investors, corporations, and the broader energy ecosystem. This year’s forum will feature a lineup of promising energy companies that are at the forefront of the energy transition and technological innovation. Attendees can expect keynote speeches and panel discussions led by industry experts. Additionally, Acceleware’s executive team will engage in various events throughout Energy and Climate Week, including meetings with potential investors and customers, while showcasing the Company’s EM Powered Heat platform.
Comments from Acceleware's CEO
Geoff Clark, Chief Executive Officer, expressed enthusiasm about the upcoming event, stating, “Acceleware is very excited to be heading to Houston for this event, where we will have the opportunity to network with companies and investors who have a specific interest in the energy ecosystem and technologies like ours. We are looking forward to raising awareness among U.S. companies about the enormous decarbonization potential of EM Powered Heat. With approximately 15% of global emissions stemming from industrial heating, it is crucial to invest in advanced technologies like ours that can significantly reduce emissions. Houston serves as an ideal venue for us to showcase EM Powered Heat and our decarbonized enhanced oil recovery technology, RF XL, to a wider international audience.”
Support for Startups by Rice Alliance
The Rice Alliance at Rice University has over two decades of experience in nurturing startups and fostering the innovation ecosystem. Since its establishment, more than 1,086 energy tech ventures have taken part in their energy forums, raising a collective total of over $7.8 billion in funding.
About Acceleware
Acceleware is an advanced electromagnetic (EM) heating company that provides highly scalable EM solutions for large industrial applications. The Company’s technology offers a unique opportunity to economically electrify and decarbonize industrial process heat applications, which are typically difficult to address, potentially leading to a significant reduction in global GHG emissions.
Innovative Technologies and Partnerships
Acceleware is currently piloting RF XL, its patented low-cost, low-carbon EM thermal production technology tailored for heavy oil and oil sands. This innovative approach stands in stark contrast to traditional heavy oil recovery methods. Furthermore, Acceleware is collaborating with a consortium of leading potash partners on a pilot project that employs its patented and field-proven Clean Tech Inverter (CTI) to decarbonize the drying process of potash ore and various minerals. The Company is also committed to forging partnerships for EM heating across a range of industrial sectors, including mining, steel production, agriculture, cement, hydrogen, and other clean fuels.
Partnership with Indigenous Communities
Acceleware has partnered with the Saa Dene Group, co-founded by Jim Boucher, to create Acceleware | Kisâstwêw. This initiative aims to enhance the visibility, adoption, and value of Acceleware technologies while improving environmental and economic performance in the industry, all while honoring the values important to Indigenous peoples, such as the preservation of land, water, and clean air.
Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.
Contact Information
For further information:
Geoff Clark, CEO
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
Acceleware Ltd.
435 10 Avenue SE
Calgary, AB, T2G 0W3 Canada
Tel: +1 (403) 249-9099
www.acceleware.com
Frequently Asked Questions
What event is Acceleware participating in?
Acceleware is participating in the 21st Annual Rice Alliance Energy Tech Venture Forum and Houston’s Inaugural Energy and Climate Startup Week.
What technologies does Acceleware focus on?
Acceleware specializes in electromagnetic heating technologies aimed at decarbonizing industrial process heat applications.
Who is the CEO of Acceleware?
Geoff Clark is the CEO of Acceleware.
What is the goal of the partnership with Saa Dene Group?
The partnership aims to raise the profile and adoption of Acceleware technologies while improving environmental and economic performance in respect to Indigenous values.
What is the stock ticker for Acceleware?
Acceleware is listed on the TSX Venture Exchange under the ticker symbol “AXE.”
