McKinstry, a developer of smart building systems, has signed the first two letters of intent (LOI) for its new Innovation Center, which will bring new and emerging companies together under one roof to foster the advancement of green energy technologies.
General Biodiesel, a producer of renewable biodiesel and Hydrovolts, a developer of in-stream hydrokinetic turbines are all slated to move into the McKinstry Innovation Center once construction is complete next week.
Dean Allen, CEO of McKinstry, said: “These cleantech firms, and others that will take up residence in our Innovation Center, are on the brink of revolutionizing the green energy efficiency market and we are excited to have them as our first two innovator tenants. This center serves as a space for collaboration and provides firms the opportunity to quickly advance new technologies and bring them to market.”
The 24,000sqft neo-industrial offices are located at the McKinstry headquarters in Seattle’s Georgetown neighborhood. McKinstry Innovation Center companies will have the opportunity to access the brain trust at McKinstry and the synergy between the other companies that will be working alongside of them in the center.
McKinstry said that it has received responses from cleantech firms interested in moving to the Innovation Center since announcing the development of the unique facility in October 2009.
Yale Wong, CEO/founder of General Biodiesel, said: “The Innovation Center is an ideal place for us to locate General Biodiesel’s offices. In addition to McKinstry’s demonstrated commitment to the sustainable practices field, I am confident this co-location with other green businesses will foster synergies and opportunities to collaborate in ways we’ve not yet discovered.”
Burt Hamner, president of Hydrovolts, said: “We’ve been chomping at the bit to take up residence in the Innovation Center. The McKinstry team has great engineering capabilities to help us develop our technology. Being able to work side-by-side with them is priceless.”