SAN FRANCISCO, CA — DECEMBER 8, 2022 — Vellex Computing has been selected as one of 20 semifinalists in Round 6 of the American-Made Solar Prize, a multimillion-dollar competition funded by the U.S. Department of Energy (DOE) and administered by the National Renewable Energy Laboratory (NREL). The team receives $50,000 in cash to advance to the next stage of the competition.
The American-Made Solar Prize challenges entrepreneurial teams to develop innovative solar energy solutions through three progressive contests. Vellex was selected in the Ready! Contest, which identifies teams with promising ideas and strong plans to bring them to market. The 20 semifinalists were chosen across categories including photovoltaics, systems integration, and finance and business models.
Vellex's analog computing technology addresses a critical bottleneck in solar energy deployment: the grid interconnection process. Conventional approaches to power network simulation require significant time and compute resources. Vellex's physics-based analog architecture enables these simulations to run at a fraction of the time and energy cost of conventional digital approaches, helping solar developers and utilities advance through the interconnection queue faster and at lower cost.
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About Vellex Computing Vellex Computing is a Stanford-spinout analog semiconductor company developing ultra-low-power chips for AI training. Powered by a decade of research and backed by the U.S. National Science Foundation and Department of Energy, Vellex's technology delivers AI training at a fraction of the energy cost of GPU-based solutions. Vellex is headquartered in San Francisco, CA.
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About the American-Made Solar Prize The American-Made Solar Prize is a multimillion-dollar prize competition designed to energize U.S. solar innovation through a series of contests that accelerate the entrepreneurial process from years to months. The American-Made Solar Prize is directed and administered by the National Renewable Energy Laboratory and is funded by the U.S. Department of Energy Solar Energy Technologies Office. Learn more at americanmadechallenges.org.
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