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renewable energy

Calling energy innovators

Europe’s premier support engine for energy innovators, InnoEnergy – backed by EIT – is calling for applications to its latest investment round.

In a news release published today, InnoEnergy said the ‘cut-off date’ for a chance of receiving funding for ‘revolutionary, cleantech and sustainable energy innovations’ is 4 October this year. Targeted at SMEs with ‘proven technology concepts that will transform the future of energy in Europe’ the financial package is complemented by an  access to an unrivalled ‘energy innovation ecosystem’ underpinned by 385 industry partners.

 

Diego Pavia, CEO of InnoEnergy, said: “It is our mission to accelerate the clean energy transition in Europe. So we are identifying, investing in and partnering with the very best and brightest innovators in the sector to help them scale-up, reduce their time to market and ultimately commercialise their technology.

“And I mean true partnership. We go beyond the mere contribution of cash to help our partners grow. Not only do we provide access to Europe’s leading network of cleantech and sustainable energy expertise, but we provide sustained support through marketing and other value-building services.”

 

InnoEnergy has backed projects with €190 million in investment over the past seven years, facilitating sales growth of around €3 billion. One of the beneficiaries is EOLOS in Iberia (pictured). InnoEnergy helped in the development of its LiDar system, ‘a reusable floating buoy used to reduce the financial risks associated with the siting of offshore wind installations’.

Apply by 4 October to follow in the footsteps of EOLOS and others.

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