Similar to the U.S.’s ARPA-E approach for new ideas, Europe’s InnoEnergy is inviting energy startups to come up with new energy-storage concepts, but based on the use of batteries.
InnoEnergy, the European innovation engine for sustainable energy, launched its global call for electric-storage startups. Fifteen of the most innovative, sustainable energy startups will receive a tailored package of added-value services and a €100,000 cash prize will be awarded to the best one. Europe isn’t alone in the search for the best energy-storage solutions—the U.S. Department of Energy has pushed forth its own campaign; read about it in “DoE Reveals New Projects to Extend Grid Energy Storage.”
To support its work with the European Battery Alliance (EBA), InnoEnergy hopes to attract and support startups with innovative technology or business model concepts focused on electric storage. Of particular interest are electric storage innovations for application in transportation, distributed and mobile energy storage, or to deliver energy-efficiency improvements and emissions reductions.
Successful applicants will receive a place on one of InnoEnergy’s business creation programs—the “Highway” or “Boostway”—and a tailored package of support, training, services, and funding. The Highway uses a hands-on approach to support early-stage startups in the go-to-market phase, helping ready products for commercialization. The Boostway program supports scale-ups to grow their businesses.
Launched in 2017, the EBA seeks to create a competitive and sustainable battery-cell manufacturing value chain in Europe. InnoEnergy is working with more than 120 stakeholders within the EBA to achieve this ambition and help develop a new market that could be worth €250 billion a year by 2025.
Elena Bou, Innovation Director at InnoEnergy, says, “Acting as a trusted partner, we’re here to give businesses the lift-off they need to reach commercialization. Through our unique ecosystem, we offer startups unparalleled access to everything they need to make a resounding business success of their innovative ideas.”
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