Business Chief USA – August 2019

(Nora) #1

for the circular economy. In partnership
with the Arizona State University,
the City launched the RISN Incubator
to work with early stage ventures with
a focus on waste diversion and
improvements in processing or
utilization of waste as a raw material
for new products or energy. As of
1 May 2019, 13 new businesses have
generated $4.75M in revenue, raised
$3.44M in capital, created 57 jobs,
launched 13 products, filed 3 patents,
and provided 43 internships. “We’re



Mark Hartman,
CSO, City of Phoenix

“ We’re looking at options
like virtual power
purchase agreements
and ways you can
actually build and
contract to get energy
from a solar plant that’s
equivalent to, or less
than, current pricing”

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