EU sustainable energy innovation body InnoEnergy has awarded two €100,000 grants to startups developing sustainable electrical storage options.
10 finalists in InnoEnergy’s call for innovative electrical storage developments, which attracted more than 220 applications, attended the award ceremony at Beurs van Berlage in Amsterdam. All 10 contenders will receive a tailored package of training and support through InnoEnergy’s twin business creation programmes: the Highway, which supports startups through the early pre-market stages; and the Boostway, aimed at supporting established startups in achieving business growth.
InnoEnergy CEO Diego Pavia, a judge at the event, said: “Supporting its work with the European Battery Alliance (EBA), InnoEnergy focused this inaugural competition on electric storage innovations for applications in transportation, for grid, distributed and mobile energy storage, or to deliver energy efficiency improvements and emissions reductions. The energy systems revolution has started but it will not happen without storage solutions, which is why we are identifying and supporting start-ups in this field.”
The two winning startups are:
- Battrion, based in Switzerland. Battrion has developed a pioneering solution for lithium-ion battery storage, which can increase the speed at which high energy density cells recharge; and
- instagrid, a German company. instagrid created a portable battery supply for applications with a high energy density demand, suitable for professionals working remotely in sectors such as construction.
Elena Bou, Innovation Director at InnoEnergy, said: “Our mission is to make sure innovative start-ups just like Battrion and instagrid have the support they need to transform their business ideas into commercial reality. There is enormous opportunity for startups to be a part of creating sustainable, competitive electrical storage solutions to support tomorrow’s world and we were impressed and delighted by the volume and quality of applications received. We look forward to working with the winners and the eight other finalists to turn their ambitious ideas into global successes.”