Record global participation highlights urgent energy innovation
- The TERA-Award has attracted record participation from 62 countries and regions, surpassing its previous editions.
- A total of 417 innovative projects were submitted, with a strong focus on renewable energy and smart city solutions.
- The competition aims to act as a catalyst for breakthrough innovations in climate technology, showcasing a global commitment to sustainability.
HONG KONG SAR is currently hosting the 4th TERA-Award Smart Energy Innovation Competition, organized by The Hong Kong and China Gas Company Limited, also known as Towngas, and empowered by Full Vision Capital. This year marks a significant growth in participation, surpassing previous editions with a record 62 countries and regions involved. The deadline for submissions is set for 9 April 2025, emphasizing an urgent call for innovative projects focused on renewable energy, energy storage, and smart city solutions. The competition has already received an impressive 417 applications, demonstrating a surge in global commitment to energy innovation. Among these submissions, renewable energy projects take the lead with 112 entries, followed closely by smart city solutions and intelligent energy systems. This interest underscores a global shift towards sustainable infrastructure and advanced energy management, tackling the pressing energy and climate challenges faced worldwide. Mr. Alan Chan Ying-lung, who serves as the Executive Chairman of the TERA-Award Organising Committee, stated that the increase in participation enhances the competition's status as a truly international platform for energy solutions. He expressed optimism about the event's role in bringing together startups, investors, and industry professionals, which facilitate breakthroughs in energy innovation. The TERA-Award has historically helped startups like i2Cool and Luquos Energy scale their technologies and secure funding, which has been vital for their progress and industrialization. In addition to the competition, Towngas and Full Vision Capital maintain a strong commitment to supporting startups within the climate technology sector. For instance, EcoCeres has established itself as a global leader in Sustainable Aviation Fuel, while EnerVenue is making strides in battery energy storage technology. These success stories reflect the impact of the TERA-Award ecosystem, providing essential financial support, mentorship, and industry connections that are crucial for the rapid growth of early-stage climate technology companies. The TERA-Award continues to attract a diverse range of innovations as it aims to promote the development of zero-carbon technology, contributing to a greener, smarter, and sustainable future.