InnoEnergy, the European innovation engine for sustainable energy, has awarded two EUR 100,000 cash prizes and named Battrion and instagrid as the winners of its global call for electrical storage start-ups. The competition attracts start-ups with innovative electrical storage ideas to compete for a place in one of its coveted business creation programmes – the Highway™ or Boostway™.
The final, held at Beurs van Berlage in Amsterdam, saw 10 winning finalists from across the world go head-to-head for the crown of most innovative electrical storage technology or business model.
Battrion, a Swiss-based start-up, boasts a unique storage solution for lithium ion batteries aimed to increase the charging speed of high energy density cells. The technology focuses on improving the structure of the battery during the manufacturing process, enabling a faster charging.
instagrid is a German start-up that has developed a portable battery for applications with a high energy density demand. This solution offers a portable power supply that will help professionals in sectors such as construction to work fully electrically, whenever and wherever they want.
Speaking at the event, Elena Bou, Innovation Director at InnoEnergy, says, “Our mission is to make sure innovative start-ups just like Battrion and instagrid have the support they need to to transform their business ideas into commercial reality.
“There is enormous opportunity for start-ups to be a part of creating sustainable, competitive electrical storage solutions to support tomorrow’s world and we were impressed and delighted by
“We look forward to working with the winners and the 8 other finalists to turn their ambitious ideas into global successes.”
Narrowed down from over 220 applicants, all 10 finalists will receive a place and a tailored package of support, training, services and funding. Finalists are allocated to a programme depending on their specific business needs; the Highway uses a hands-on approach to support early stage start-ups in the go-to-market phase, helping ready products for commercialisation while the Boostway programme supports scale-ups to grow their businesses.
Judging the event, InnoEnergy CEO Diego Pavia says, “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.”