Wells Fargo is to support US clean technology companies by investing $10m into the sector through its innovation incubator as part of its 2020 Environmental Commitment.

Wells Fargo, a US-based financial company, has started a $10m clean technology innovation incubator in support of a government research agency.

Announced at the US Energy Department’s National Renewable Energy Laboratory (NREL) Industry Growth Forum, the company will support clean-tech companies that have been recommended to it by a network of industry advisers across the country.

Opening in 2015, the first three rounds of intakes will receive up to $250,000 for business development, research and testing alongside mentoring from Wells…