Global start-up programme launched
- innogy spearheads 'Free Electrons', the first global energy accelerator
- Total of eight international energy companies on boa
Spearheaded by innogy, eight energy utilities are launching the 'Free Electrons' programme, the first global start-up accelerator in the energy sector. Promising start-ups are invited to collaborate with the leading global energy companies. The objective of the programme is to develop innovative business models for the 73 million customers of the partner companies in more than 40 countries. Peter Terium, CEO of innogy SE, launched the international initiative in Dubai: "'Free Electrons' is a powerful and very ambitious programme. We have set up this global initiative together with leading energy companies and start-up specialists in order to find new enterprises worldwide that will revolutionise the energy market of the future with their ideas."
In order to make the future energy supply smart, clean and accessible to everyone worldwide, new and different approaches are necessary. With this programme innogy therefore combines the expertise of large energy utilities with new technologies and innovative ideas developed by selected start-ups. Peter Terium: "With our innovations we want to be at the forefront of shaping the energy world of tomorrow. In order to achieve this we need partners. And we must be represented and active at the places where these revolutionary ideas are born. Obviously in Silicon Valley, but also in the other start-up centres of the world, such as Tel Aviv, London or Berlin – and, of course, here in Dubai, a city that embodies innovation and progress in a very impressive way."
'Free Electrons' brings together the most innovative energy start-ups in the sectors of renewables, energy efficiency, e-mobility and digitisation with the global network of energy utilities and accelerators. During the six-month programme the start-ups can test their products and services in a realistic environment. The highlight of the initiative are three one-week modules in Silicon Valley, Lisbon, Dublin and Singapore. During this time the winning start-ups are given the unique opportunity to network with the international energy utilities behind the programme: AusNet Services, Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board), EDP (Energias de Portugal), Origin Energy, Singapore Power (SP), Tokyo Electric Power Company (TEPCO) and innogy.
In order to make the most of the start-ups' potential, the two accelerator partners New Energy Nexus and Swissnex San Francisco are supporting the programme. Energy start-ups from all over the world are eligible to apply if they have developed a working prototype of their innovation. A total of twelve start-ups will be supported by the energy utilities and take part in the nine-month programme. Deadline for applications is 28 February. Interested start-ups can apply at www.freelectrons.co.
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