LA Cleantech Global Showcase Kicks Off
“We’ve got a huge challenge before us,” Tomo Soto, managing partner of TCW/Craton, a private equity firm, told the crowd. Participants had just run through an investment workshop and a presentation on access to water and energy markets of California.
“The end goal is critically important—that’s to improve the quality of life for more than 16,000 million residents living in this region, while enhancing the economy of the state and the nation," Soto continued. "To accomplish that, we are going to need everyone’s help—everyone sitting in this room.”
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Delivering the keynote speech, Gina McCarthy from the Environmental Protection Agency, acknowledged the challenges of creating what she called "smart policy."
Some of the participating companies include 360 PowerGroup, Axiom Energy and VENA. 360 PowerGroup has invented and patented designs for electric generators that reduce operating fuel costs, Axiom offers the lowest-cost form of energy storage for supermarkets and VENA is developing a zero energy water harvesting technology.
Among those there to attract business was Allison Kalenga, from the Economic Development Group at the Department of Water & Power.
“We do that kind of by reaching out to a lot of the businesses and showing them the many programs that DWP has to offer, like incentives to get people to do business here through water rebate, energy efficiency, grants and loan programs,” she said.
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Distributing brochures beside Kalenga was Martha Rodriguez, also representing the Department of Water & Power. Consumers could also enjoy rebates on the conservation of water, she said.
"For commercial customers, a lot of it is just the smaller stuff [with] easy payback—upgrades on their toilet systems or their irrigation system,” she said. "They can completely remove their grass and get incentives and savings."
The conference continues Tuesday.
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