BIRMINGHAM, Ala., Oct. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, is partnering with Alabama Power, with additional support from the Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce, to launch the Techstars Alabama EnergyTech Accelerator. The new venture is a startup accelerator focused on innovations in energy technology to be located in Birmingham, Alabama.
The Techstars Alabama EnergyTech Accelerator will attract startups that are building technologies and business models to enhance the future of energy. Focus areas will include smart cities, the "internet of things," industrial electrification, connectivity and electric transportation.
Through its corporate accelerators, Techstars develops partnerships with corporations to add industry expertise through mentorships, business development opportunities and access to resources. Alabama Power is Techstars' first electric utility partner.
"This partnership with Techstars is an exciting opportunity that supports our commitment to find better ways to serve our customers and elevate the state," said Alabama Power CEO Mark Crosswhite. "With a world-class accelerator program, the Techstars Alabama EnergyTech Accelerator will be an important catalyst for Alabama to continue strengthening its reputation as a growth center for technology and energy innovation."