EDP selects nine startups with renewable and green hydrogen projects for its Energy Starter programme held in Singapore
- The programme's Bootcamp and Open Day will take place in Singapore on 16 - 18 April 2024, marking the first time EDP hosts an open innovation event in the APAC region.
- This is also the 8th edition of the programme and it will welcome startups from Singapore, Australia, the USA, Norway, Israel, and the Netherlands.
Singapore, 28 March 2024 – Energy Starter, a global innovation programme created by EDP which is taking place in Singapore this year on 16 – 18 April, has selected the nine most innovative startups that will advance to the next stage of the programme. After a first module dedicated to solutions for the electrical grids of the future, this second phase looks for startups with disruptive ideas that could be applied to renewable energy and green hydrogen, which are strategic areas for the energy sector and for EDP's growth.
The Energy Starter programme is part of EDP’s strategy in innovation, which includes investments through 2023-2026 to accelerate new impactful businesses and promote the fast adoption of innovative solutions to lead the energy transition. The programme connects startups and scaleups to EDP experts across the globe and fast-tracks the development of impactful and disruptive pilot-projects, commercial deployments and investment opportunities. It will be taking place from 16 – 18 April in Singapore.
Over the last seven editions of Energy Starter, EDP has selected 192 startups from 27 countries, jointly developing 75 pilot projects, 28 commercial rollouts and 15 venture capital investments that have already begun to reshape the energy landscape – these projects represent a total of €24 million in deals.
Nine startups from six geographic locations were selected and three are based in Singapore, namely:
- BeeX Autonomous Systems, which is focused on providing hovering autonomous underwater vehicles (HAUV) for the inspection of energy assets.
- Quantified Energy Labs, which is specialized in the inspection of solar energy plants with autonomous drones coupled to pioneering electroluminescence (EL) technology
- SunGreenH2, which develops high-performance nanostructure materials to enable large-scale adoption of affordable green hydrogen.
To select the best startups, EDP hosted an online pitching event and follow-up meetings, allowing the gathering of feedback from various business units and innovation teams across the different geographies of the EDP Group. The chosen companies will participate in a Bootcamp to be held on 16 and 17 April, where they will have the opportunity to work together with several EDP experts to accelerate the development of pilot projects and businesses. In addition, the startups will have access to potential financial support and the experience and network of EDP Ventures, EDP's venture capital arm.
On the third day, 18 April, EDP will host an Open Day, an event open to the global energy and innovation ecosystem. The Open Day event will be an opportunity for interested parties to learn about the results and impact of innovation programmes and the discovery of disruptive technologies that can contribute to a more accelerated and efficient energy transition. It will also be a privileged space for networking and interacting with industry leaders and visionaries who share the passion for a greener and more sustainable future. The Open Day event will feature speakers from Enterprise Singapore, UOB and TRIREC, amongst others and the event can be attended in person at Bridget+ Ascent in Singapore or followed remotely by registering via this link: https://theenergystarter.com/open-day/
"At EDP, innovation is not just a strategic advantage, it is essential to the energy transition. Through our EDP innovation programme, Energy Starter, we actively seek out new technologies, startups, groundbreaking ideas, and projects. We harness the power of these new technologies to accelerate our progress towards achieving our ambitious targets”, states Tomás Moreno Head of Innovation Ecosystem at EDP.
"It's the first time we've held the bootcamp in Asia. EDP is looking for innovative technologies globally and wants to deepen its search in more dynamic innovation ecosystems, such as Japan, South Korea and India," adds Tomás Moreno.
Find out more about the 9 startups selected for Energy Starter's 2nd module:
- BeeX Autonomous Systems (Singapore): hovering autonomous underwater vehicles (HAUV), fully integrated with advanced software tools for the inspection of energy assets.
- Quantified Energy Labs (Singapore): inspection of solar power plants with autonomous drones coupled with pioneering electroluminescence (EL) technology.
- SunGreenH2(Singapore): develops high-performance nanostructure materials to enable large-scale adoption of green hydrogen at affordable prices.
- enSights.ai (Israel): digital twin technology for the efficient management of renewable portfolios.
- First Airborne (Israel): aerial performance testing system for wind farms.
- Fibersail (Netherlands): real-time weather conditions monitoring system for blade deflection in wind turbines.
- Spoor AI (Norway): software to detect, track and classify birds in wind farms to help developers and operators gain insights and instruct on mitigation measures.
- GridStore Energy (Australia): modular energy management and storage device installed under solar panels.
- Windscape AI (United States): Cutting-edge AI and data analytics to provide critical insights to improve wind farm operations.
SAVE THE DATE | Energy Starter Open Day – Co-Innovating the Energy Transition
When: April 18
Where: Bridge+ Ascent, Singapore
How to participate: Register here
More information on the Energy Starter website