Shell Technology Ventures (Shell), Rockstart and YES!Delft have recently launched the second edition of the New Energy Challenge, the competition for European startups offering innovative, low-carbon energy solutions. The challenge aims to accelerate the development and implementation of breakthrough technologies. The winning startup will receive a €100,000 convertible loan and business advice from Shell Technology Ventures for at least one year.
Shell, Rockstart and YES!Delft believe that advanced technologies and disruptive innovation are vital to meeting future energy needs worldwide. The energy transition will require extraordinary and unprecedented coordination, collaboration and leadership across all sectors of society, of which innovative startups are a vital part.
That is why the New Energy Challenge 2017 calls for European startups to come forward and propose game-changing solutions that could contribute to shaping a low-carbon energy system for the future. Themed on the challenge of ‘Raising the bar’, the New Energy Challenge calls for startups working at the crossroad of integrated energy solutions, connected customers and smart energies, with the potential of contributing to a lower-carbon energy system.
Geert van de Wouw, Manager for Technology Ventures at Shell’s New Energy business said: “During the coming decades, the world will need more and cleaner energy to meet growing demand. We believe in the possibility of a transition to a new energy mix, and that collaboration with startups and entrepreneurs will be essential to accelerating it. This initiative can help introduce new breakthrough innovations that will enable the energy transition. For startups it is a great opportunity to develop their business models, and
leverage expertise and financial support for implementation of their innovative technologies.”
Freerk Bisschop, Director at Rockstart adds: “What we need to do in the next decades – and sooner rather than later – is to accelerate new business models and enable new innovative technologies that will shape the energy transition. Integrated energy solutions that are effective. That are profitable. And can thrive at scale. That is what the jury of the New Energy Challenge will be looking for.”
Evert Jaap Lugt, Managing Director at YES!Delft, states: “I’m excited to meet ambitious founders with bold ideas that will change the future of energy. This challenge brings together the best of both worlds: corporates and start-ups. We’re ready to support the best ideas all the way.”
The New Energy Challenge offers real business value to all: it generates new partnerships, as well as enabling the exchange of knowledge and expertise. The intense finals at the end of September will offer twenty startups inspirational coaching, validation of their business
proposals and meetings with inspiring experts, startups and scale-ups. This ‘booster week’ takes place during StartupFest Europe in September in Amsterdam, leading up to the announcement of the three finalists and eventually the winner during EnergyFest on September 28.
The New Energy Challenge is open to European and Israeli startups with innovative technologies and solutions for a low carbon energy future. The application period ends on July 19. Apply now at www.newenergychallenge.com.
To find out more about the New Energy Challenge and one of the judges, Geert van de Wouw, Managing Director of Shell Technology Ventures, check out the video below: