Partnership includes direct investment from Catalyst by Wellstar
VECKTA, the first end-to-end onsite energy deployment platform, today announced a strategic partnership with Wellstar Health System to evaluate and implement energy efficiency upgrades and install onsite energy systems at select Wellstar locations. The agreement includes a direct investment from Catalyst by Wellstar, the health system’s innovation company and venture firm.
Through this partnership, Wellstar is leveraging VECKTA’s advisory expertise for energy efficiency improvements and their technical platform to plan, configure, and implement onsite energy solutions. Potential projects include solar and energy storage systems, electric vehicle solar charging stations, and battery storage backup power for critical systems.
“VECKTA has helped Wellstar identify ways to reduce energy costs and improve energy reliability,” said Robin Saxon, Vice President of Real Estate, Construction & Facilities Development, Wellstar Health System. “We take our responsibility of caring for our community seriously, which includes mitigating the effects of climate change on public health.”
The VECKTA platform analyzes thousands of data points—including energy rates, permitting constraints, energy demand, and technology costs—to assess and identify priority locations for onsite energy systems. Such systems may include solar panels, batteries, generators, combined heat and power (CHP), and wind power systems depending on the location’s needs. VECKTA then provides financial, operational, and emissions summaries for site-specific technology configurations. The recommendations and site-specific business cases then enable Wellstar to efficiently solicit bids and select vendors through VECKTA’s online marketplace.
“We commend Wellstar for taking action to reduce energy costs, its impact on the grid and the environment,” said Gareth Evans, VECKTA’s founder and CEO. “By generating energy and storing it on-site, Wellstar can diversify its energy portfolio, improve resiliency during power outages, reduce its environmental impact, and free up utility energy supply to meet growing demand from increased electric vehicle adoption and electrification.”
Recognizing the potential of VECKTA’s expertise and platform to help large organizations reduce energy costs and environmental impact, Catalyst by Wellstar has made a direct investment to help the company scale. VECKTA joins Catalyst’s growing portfolio of sustainability-related startups and innovation efforts which include climate tech-focused venture fund VoLo Earth Ventures, organics-recycling company Goodr, and sustainable agriculture companies Bee Downtown and FarmBox Foods.
“Investing in sustainability-focused innovations is a strategic opportunity that goes beyond cost reduction,” said John D Cooper, Head of Venture at Catalyst by Wellstar. “By prioritizing energy efficiency and clean technology, Wellstar can improve operational resiliency and reduce the system’s environmental footprint, driving long-term value and a more sustainable and responsible future.”
