LEADERSHIP
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commitment speaks to that ,” says Huntley . “ But there ’ s also an imperative that we innovate , particularly in the clean tech space where companies are dealing with energy related issues and emission reduction .”
Wells Fargo was quick to recognise what Huntley describes as a proverbial ‘ valley of death ’ between good ideas that are needed in the energy space , and the financing necessary for a viable business to grow and operate at scale . To help bridge this gap , the bank partnered with the federal National Renewable Energy Laboratory ( NREL ) in 2014 to create the Wells Fargo Innovation Incubator , or IN2 , a mammoth $ 30mn
“Wells Fargo Foundation has a strong focus on sustainability and goals of accelerating a greener economy , while NREL has a mission to advance science , and integrate and optimise systems ”
— Trish Cozart , Program Manager , NREL
NOVEMBER 2018