Exciting Developments at the TERA-Award Ceremony
Recently, the TERA-Award ceremony brought together bright minds in the realm of clean energy innovation. This prestigious event, organized by Full Vision Capital, was a showcase of ingenuity and commitment to sustainable technology. The highlight of this year's award was the recognition of Barocal, a pioneering British company, with the Gold Award, which included a substantial prize of US$1 million. Their innovative solid-state cooling system represents a significant leap forward in the field, utilizing barocaloric materials that can change temperature when pressure is applied.
A Groundbreaking Event at a New Venue
This year marked a significant milestone as the TERA-Award took place outside of Hong Kong for the first time. The event convened at the esteemed King's College, University of Cambridge, where over 100 industry leaders, entrepreneurs, and innovators came together on a day filled with inspiration and collaboration. The presence of influential figures like Dr. Peter Lee, Principal of Full Vision Capital and Founder of the TERA-Award, emphasized the importance of fostering connections within the clean energy sector.
International Participation
From a remarkable pool of 785 entries representing 76 countries, Barocal's triumph truly showcases the global appeal of the TERA-Award. Their technology aims to eliminate harmful refrigerants and dramatically boost energy efficiency, which is crucial for sustainable air conditioning and refrigeration solutions. Drawing on over a decade of research at the University of Cambridge, Barocal has achieved up to three times the energy efficiency of traditional cooling systems, positioning them as a leader in green technology.
Encouraging Entrepreneurship in Energy
Dr. Peter Lee expressed that this event is a pivotal step in growing the TERA-Award's global footprint. He noted, “We’re building a close-knit network for innovators, investors, and partners. With the right support, past winners have transformed their ideas, paving the way for future successes.” The journey of entrepreneurship, particularly in the challenging energy sector, requires resilience and innovation. The TERA-Award serves as a vital bridge, connecting groundbreaking ideas with the markets that can bring them to life, ultimately leading to positive impacts for both society and the environment.
Forum and Innovation Showcase
Coinciding with the awards ceremony, an innovation showcase and forum were held to engage discussions on global clean energy trends and the significance of collaboration in transitioning to sustainable energy. This gathering allowed TERA-Award alumni and innovative startups to share insights into their progress, fostering a spirit of exchange with potential investors and fellow innovators.
Support from Prestigious Organizations
The TERA-Award enjoyed backing from notable institutions, including the Hong Kong Investment Corporation, InvestHK, the UK’s Department for Business and Trade, and Kerogen CelerateX. This support underscores a collective commitment to accelerating deep-tech energy innovation and driving the commercialization of zero-carbon solutions. With such collaboration, the TERA-Award is poised to continue its mission of supporting entrepreneurs in the clean energy industry.
Contact Information
If you're interested in learning more about the TERA-Award or how to get involved, feel free to reach out. For media inquiries, you can contact May Tam at +852 9192 0062 or via email.
Frequently Asked Questions
What is the TERA-Award?
The TERA-Award is an Asia-based innovation award that recognizes advancements in clean energy technologies.
Who won the Gold Award this year?
The Gold Award was won by Barocal, a British company known for its innovative solid-state cooling technology.
Where was the TERA-Award held this year?
This year's ceremony took place at King's College, University of Cambridge, marking the first time the event was hosted outside Hong Kong.
What is Barocal's technology about?
Barocal's technology focuses on solid-state cooling systems that eliminate harmful refrigerants and enhance energy efficiency, achieving up to three times the efficiency of traditional units.
How can one get involved with the TERA-Award?
Individuals or organizations interested in the TERA-Award can reach out via media contact for more information on participation and support opportunities.
