Third Derivative announces our newest cohort alongside Netflix and the Walt Disney Company in the Clean Mobile Power Initiative, aimed at accelerating the deployment of zero-emission mobile power solutions for the entertainment industry.
Today, Third Derivative is thrilled to unveil our newest cohort, the Clean Mobile Power Cohort, comprised of ten companies with innovative technologies that have the potential to deliver cost-competitive, zero-emissions mobile power for the entertainment sector — providing alternatives to diesel generators. The Clean Mobile Power Cohort falls under the umbrella of the Clean Mobile Power Initiative (CMPI), which was launched this June by Netflix and The Walt Disney Company, with the participation and support of Third Derivative and RMI.
The initiative aims to identify and deliver cost-competitive, zero-emissions mobile power at scale for the entertainment industry while focusing on accelerating and deploying clean, reliable mobile power solutions as alternatives to diesel generators, which currently account for roughly 700,000 tons of CO2e emissions per year globally from the TV and film industry. This cohort is a key pillar of the initiative, serving as a catalyst to accelerate the supply of cost-competitive, clean mobile power solutions available on the market.
Companies accepted in the Clean Mobile Power Cohort will participate in Third Derivative's 18-month accelerator program, receiving bespoke, industry-centric mentorship; opportunities to test and pilot their technology with leading production studios, streamers, and equipment vendors; receive investor introductions; and more.
The ten cohort companies were selected from an accomplished pool of more than 50 applicants from ten different countries. Notably, our final companies span North America, Europe, and Asia and are well-positioned to serve entertainment production hotspots globally.
This ambitious group is honing various clean power technologies to meet the unique energy, power, size, and mobility needs of the entertainment sector. Their solutions span two main technology areas: battery energy storage systems (BESS) and hydrogen power generation. Specifically, seven companies have BESS technologies, two are focused on hydrogen power generation, and one company has a hydrogen-battery hybrid solution. These various approaches not only provide the opportunity for zero-emissions onsite power generation, but can offer significant advantages in production efficiency, worker health and safety, and local noise reduction, compared to diesel generators.
Lights, camera, acceleration!
The entertainment industry is just the beginning. Diesel generators find extensive use in a wide range of applications, serving as primary power sources in the Global South where grid power is unreliable, as well as supporting the construction industry, powering live events, and providing backup power (for homes, hospitals, commercial buildings, data centers, and telecommunications facilities). The combination of rising diesel prices, expanding regulatory measures, corporate ESG commitments, and the surging demand for EV charging all signal a critical and promising future for these innovative clean mobile power solutions.
Learn more about the cohort here and visit cleanmobilepowerinitiative.org if you are interested in following and/or supporting the initiative.