DOE Backs AI for Clean-Tech Investors

The U.S. Department of Energy wants to make investing in energy technology easier, less risky, and less expensive (for the government, at least).

A new initiative by the DOE’s office of Energy Efficiency & Renewable Energy (EERE) is looking for ideas on how to reduce barriers to private investment in energy technologies. Rho AI, one of 11 companies awarded a grant through the EERE’s US $7.8-million program called Innovative Pathways, plans to use artificial intelligence and data science to efficiently connect investors to startups. By using natural language processing tools to sift through publicly available information, Rho AI will build an online network of potential investors and energy technology companies, sort of like a LinkedIn for the energy sector. The Rho AI team wants to develop a more extensive network than any individual is capable of having on their own, and they’re relying on artificial intelligence to make smarter connections faster than a human could.

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