Wells Fargo has announced a new $10m cleantech fund that will fund companies developing early-stage technology for commercial buildings.

Financial services firm Wells Fargo has launched a $10m fund which will target cleantech start-ups developing early-stage technology for commercial buildings.

The Innovation Incubator programme will be funded through the Wells Fargo Foundation andwill be jointly run by the US Department of Energy’s National Renewable Energy Laboratory (NREL).

Cleantech companies will be identified by Wells Fargo’s network of technical, financial and industry advisors at laboratories and research facilities across the US. Candidates will also be sourced from universities and regional…