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INTERNET | Internet Software & Services / Green/Environmental
dynmhx.io

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Founded Year

2018

Stage

Incubator/Accelerator - II | Alive

Total Raised

$1.6M

About Dynamhex

Dynamhex monitors and visualizes energy consumption data for individual, corporate and government entities. By linking to science-based emission reduction targets, the company allows climate leaders to make data-driven decisions in a timely fight against climate change.

Dynamhex Headquarter Location

4784 Oak Street

Kansas City, Missouri, 64112,

United States

816-269-0816

Latest Dynamhex News

Leading Experts Weigh In On The Importance Of Climate Disclosure To Reduce Emissions

Oct 18, 2021

getty According to the American Meteorological Society's State of the Climate report in 2020, the past decade was the hottest ever recorded. Key findings from the report highlighted that climate change is no longer a problem for future generations but instead impacts today's society with consequences being felt around the world. Given the changes to the physical environment brought by climate change and the regulatory efforts required to limit those changes and adapt to the environment, the Commonwealth Climate and Law Initiative's report on risks and opportunities associated with global warming mentioned that climate-related disclosure could play an important role in mitigating risks, increasing transparency and supporting the transition to a lower-carbon economy. In recent years, various initiatives have been taken to improve the reporting of climate-related information. Earlier this year, the G7 also looked to take the lead by committing to introduce mandatory corporate disclosure requirements in order to encourage more informed pricing and facilitate better capital allocation to transition-aligned activities. However, for climate-related disclosure to have a real impact in the transition to a low-carbon economy, the International Monetary Fund (IMF) noted that further action is needed to strengthen the "climate information architecture". This will require implementing a set of internationally agreed sustainability reporting standards to bridge the data gaps and effectively price and manage climate risks. Only through a reliable and consistent set of comparable data, measurable action can be taken by policymakers, investors and companies to devise sustainable business models in line with the Paris Agreement . As the Glasgow Climate Change Conference approaches, major economies have been looking to strengthen their commitments. Still, with more progress required and better implementation of existing targets from large emitting countries needed, leading experts are pointing out that climate-related disclosure, combined with the development of new technologies, can help deploy cleantech solutions more efficiently, improve policy implementations and incentivise businesses to showcase their sustainability. Deploy and develop cleantech solutions more efficiently  Sunny Sanwar, Founder and CEO at Dynamhex Sunny Sanwar In 2021, the cleantech sector has seen significant growth in venture funding, with startups raising more than $14.2 billion worldwide – 88% of the total for all of 2020. In addition, an international push for net-zero emission targets and new tech breakthroughs, which allow low-carbon solutions to decarbonise various sectors of the economy, has caught the eye of climate-focused funds . Alongside, the Covid-19 downturn and the call for a green recovery has also led to further interest in cleantech as a way to develop and commercialise innovative technologies that will create new skilled jobs, support sustainable growth and help mitigate the climate crisis. However, despite the interest in cleantech and the potential for these solutions to drive a green recovery, scaling and deploying these solutions is not easy because companies cannot gauge their full environmental benefits and potential for financial returns until their technology has reached large enough commercial scale. In an interview, Sunny Sanwar, Founder and CEO at Dynamhex, said that “often a lengthy assessment takes place across multiple dimensions, such as fuel or energy consumption, costs of upgrade and reductions in emissions from an assumed baseline before cleantech solutions can be deployed and integrated into the company's operations." Sanwar noted that as a result, "this process adds significant soft costs and transaction inefficiencies in the deployment process, leading to bottlenecks and delays in implementing decarbonisation targets."  Through improved climate disclosure, Sanwar highlighted that "various stakeholders such as asset owners, cleantech solution providers, investors and regulators would be able to collaborate based on greater market transparency. From this, these stakeholders can reduce the transaction inefficiencies from the current progress and work towards implementing climate strategies – an important point that we recently highlighted to the Securities and Exchange Commission." For example, Sanwar noted that if a company sets a forward-looking climate goal, then, by using the climate disclosure data of the company, an automated clearinghouse of all possible climate-positive cleantech solutions can be analysed given the company's asset type, location and ownership – to arrange a package of solutions with measurable reductions and costs. Consequently, Sanwar added that the company could use that time to "evaluate costs and work with cleantech partners to deploy the appropriate solutions instead of spending days analysing their climate data." In case the cleantech solutions are not adequate, Sanwar said that "such information could then inform investors to deploy their capital in areas that require more innovation and provide regulators with the insights to make the appropriate policy adjustments for accelerating technology development in that field. Thereby, closing the loop from disclosures to deployments.”  MORE FOR YOU Miniya Chatterji, CEO at Sustain Labs Paris Miniya Chatterji Based on Climate Action Tracker's latest report , most nations and regions, including the United States, the European Union (EU), Canada and India, fall far short in their plans to curb climate change. The report noted that only one industrialised nation – the United Kingdom – is even close to doing what it should to cut emissions, while Gambia in Africa is the only country on track to cut emissions in line with the Paris Agreement. Despite recent promises to increase targets and implement new actions, key findings from the report highlight that countries will need to improve upon their policy setting and strengthen implementation in order to meet global commitments on climate change. According to Miniya Chatterji, Founder and CEO at Sustain Labs Paris, for governments to take the appropriate action, "climate disclosures need to be made mandatory for companies across sectors, sizes and countries so that a clearer picture can emerge for policymakers to implement effective measures, such as pricing carbon markets , that favour a path forward towards a low-carbon economy. "  However, for companies, reporting carbon emissions is not that straightforward. This is because indirect emissions (Scope 3) can be hard to capture and, in some sectors, account for the greatest share of the carbon footprint. Furthermore, small and medium enterprises (SMEs) often play a significant role in most economies; for these firms, calculating emissions data can be complex due to limited resources, toolings and knowledge of reporting requirements. Given the key role of SMEs and the corporate sector in the energy transition, Chatterji said, "governments should provide sufficient support to these firms by developing climate disclosure standards and partnering with private sector reporting agencies and educational institutes to teach these firms how to calculate and report their carbon emissions data openly to facilitate strong uptake. "  From which, Chatterji went on to say that "policymakers and the private sector can both better support cleantech startups develop their products by using these insights to create climate education programs that inform not just students but also corporate executives and founders about the market opportunities and ways science-based solutions can decarbonise various sectors of the economy." Through greater integration of cleantech and standardised climate disclosure reporting, Chatterji added that more companies would then be able to "implement proactive strategies to deal with the transition to a low-carbon economy and, in turn, help countries move faster towards their net-zero targets. "  Facilitate businesses to plan ahead through climate-risk modelling and branding  Ashok Gupta, Senior Energy Economist at NRDC Ashok Gupta According to the International Energy Agency's Net Zero Roadmap report, limiting the global temperature rise to 1.5°C will require significant clean energy adoption across various sectors in order to shift away from fossil fuels and transition to a low-carbon economy by 2050. The energy, banking , manufacturing, telecommunications and transportation sectors have significant exposure to fossil fuels when factoring in Scope 3 emissions. In EY's report on carbon disclosures , these sectors would need to de-risk their operations by mapping out entire value chains to identify the risks associated with climate change and position themselves for the opportunities that lie ahead. For the businesses involved, performing scenario modelling was noted as the critical starting point to quantify the financial consequences of climate risk and develop strategies that reduce their carbon footprints and guide energy investments . In an interview, Ashok Gupta, Senior Energy Economist at the Natural Resources Defense Council (NRDC), said that "many businesses have been positioning themselves for a low-carbon economy. For some, this has involved setting up schemes such as internal carbon pricing (ICP) that can enable them to forecast projected costs of projects that are exposed to fossil fuels vs renewables. "  As the momentum grows to accelerate decarbonisation efforts, McKinsey's report mentioned that businesses need to weigh climate considerations when looking at capital allocation. For these reasons, Gupta added that "greater insights from openly available emission data would help businesses factor climate risk more accurately and develop models that enable them to calculate important decision metrics such as the net present value of projects using renewable energy vs fossil fuels." Moreover, as consumers gravitate towards sustainability and businesses with positive coverage on climate change are seeing strong growth, Gupta noted that by "disclosing climate-related information openly, businesses would position themselves more competitively and build trust, especially with purpose-driven consumers." As a result, Gupta pointed out that "disclosing their product's carbon footprint, potentially through labelling, could encourage broader disclosure among businesses – resulting in a push to showcase sustainability and faster decarbonisation."

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Expert Collections containing Dynamhex

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dynamhex is included in 1 Expert Collection, including Carbon Capture, Utilization, and Storage (CCUS).

C

Carbon Capture, Utilization, and Storage (CCUS)

170 items

Companies innovating in the carbon capture, utilization, and storage (CCUS) space. Also includes emissions tracking tools, carbon offset marketplaces, and startups reinventing manufacturing processes to eliminate emissions.

Dynamhex Patents

Dynamhex has filed 1 patent.

The 3 most popular patent topics include:

  • Association football forwards
  • Economic ideologies
  • Economic systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/18/2020

Association football forwards, Mathematical optimization, Operations research, Economic systems, Economic ideologies

Application

Application Date

9/18/2020

Grant Date

Title

Related Topics

Association football forwards, Mathematical optimization, Operations research, Economic systems, Economic ideologies

Status

Application

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