Schneider Electric and Powerhouse named Retrolux™ the winner of the 2019 4D Challenge Competition, receiving $25,000 in non-dilutive funding and acceptance into the Schneider Electric Incubation Program.
“Winning the 4D Challenge is a great honor for us and validates our company vision,” says Leif Elgethun, Founder and CEO at Retrolux™. “We are excited to be working with Powerhouse and Schneider Electric, and becoming part of their incubation program. This award will help us to accelerate our ideas, allow us to grow and scale the business, and ultimately bring new smart energy scaleOS™ software products to the market, all while making the world a better place.”
“While each of the finalists was strong in their presentations, the judges found that Retrolux™ truly met all the criteria of the 4D Challenge Competition; Decarbonize, Decentralize, Digitize and Democratize,” said Emily Fritze, Director of Strategy and Business Development at Powerhouse. “We are thrilled to be working with Leif and his team, and I look forward to supporting the growth of this company.”
“This competition is all about planting the seeds with phenomenal entrepreneurs and helping them to transform their innovative ideas into valuable businesses,” said Rodolphe Heliot, VP Business Incubation, at Schneider Electric. “At Schneider Electric we deeply care about clean energy and sustainability, and this competition helps us to continue with our mission.”
The 4D Challenge award recognizes Retrolux™ and its innovative smart energy scaleOS™ software platform as a solution that will transform the clean energy industry by decarbonizing, decentralizing, digitizing, and democratizing smart buildings in North America and beyond. Over 100 companies were selected into the competition, with 9 finalists chosen to pitch in front of a live audience and industry expert judges, in Oakland, California.