Powervault secured a place in the final at InnoEnergy‘s global call for electricity storage businesses. 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.
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 said:
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 disruptors in this field.
Powervault, alongside 9 other winning finalists, will gain access to a network of more than 400 partners and including specialist business angels, InnoEnergy’s European VC community and public funding bodies. Powervault will also gain board-level advice and mentorship and a front-row seat at European energy events including The Business Booster – InnoEnergy’s annual networking event where companies across the energy value chain attend to meet clean-tech disruptors and innovators under one roof.