More than $1.3 million awarded to Israeli climate change technology startup

The winners are: BaTTeRi, Electriq, Envomed, Filo Systems, Nemo Nanomaterials, TIGI, Biotic

Tel Aviv, Israel, February 28, 2024 /PRNewswire/ — $1.3 million was awarded today to an Israeli climate technology startup as part of the Startup Track of the Climate Solutions Prize (CSP), an initiative to encourage climate innovation to address the global climate crisis. The Startup Track was co-led by Startup Nation Central. Climate Solutions Award Organization.

Startup track prizes include Premier Flagship stock investment of $ 1,000,000 from nature of the capital As well as the roadshow to Singapore from Temasek Foundationinvestment and incubation process Ethiland collaboration with corporate business units. Continental, E.ON, Italgas and Takeda To an early-stage Israeli startup developing innovative climate technology technologies. In addition, Amazon Web Services and deloitte We provided market access and professional support to startups in this effort.

“For the purpose of channeling of israel The Climate Solutions Prize is the world's largest award, celebrating ingenuity in tackling one of the biggest challenges of our time. of israel history. We aim to be a catalyst for climate technology innovation, both in groundbreaking research and in the startup ecosystem. It is vital that we mobilize and inspire our best efforts and best minds so that we can leave a better world for future generations to be proud of.” jeff hartexecutive chair of the Climate Solutions Prize.

CEO of startup Nation Central; Avi Hasson commented on the importance of this initiative: “Recognized as a leader in developing advanced solutions to global challenges, Israel We are uniquely placed to play a central role in combating climate change and delivering solutions to the greatest common challenges of our time. The initiative aims to recognize the best climate technology startups around the world. Israelaccess to investment, partnership opportunities with global multinational companies, and COP28 We drive scalable and sustainable solutions to pressing environmental challenges for global solution seekers. ”

Winners of this year's challenge:

• Capital Natures $ 1,000,000 flagship investment TRL 4+ companies awarded with innovative solutions to address the climate crisis phylosystems A data compression engine that delivers optimized storage and network savings, enabling significant reductions in energy consumption and cooling costs for data centers around the world. Filo's technology has a projected environmental impact of reducing annual global emissions by up to 1%.
• Temasek Foundation Disruptive Decarbonization Award Awarded for innovative decarbonization solutions that help cities reduce carbon emissions at scale: electric An innovative powdered hydrogen carrier that can be transported under ambient and non-pressurized conditions will be evaluated to simplify the storage, transport, and use of hydrogen in off-grid applications and long-term storage.
• E.ON's challenge to energy solutions for industry and buildings Awarded for: New and innovative digitally enabled energy solutions for industrial and architectural clients to enable faster energy and heat transitions Tigi For renewable heat generation and storage solutions for commercial and industrial applications.
• Italgas’ challenge to decarbonized energy distribution infrastructure Covers innovative technologies in energy and distribution infrastructure with a focus on advancing energy transition and decarbonization efforts. Europein line with the EU's Green Deal goals: nimon nanomaterial We aim to provide industrially scalable nanotechnology solutions that enhance the performance and improve the properties of industrial materials and products.
• Greetings from Mr. Takeda plastic waste In the plasma industry challenge For solutions to reduce single-use plastic waste, including both medical and non-hazardous waste. enchanted A unique machine that simultaneously shreds and sterilizes medical waste using scientifically developed and proven chemical sterilization technology, capable of reducing spores in infectious medical waste by 6 logs.
• Sustainable materials for Continental automotive applications challenge The award was given to a new novel material for automotive applications that supports Continental's goal of achieving 100% carbon neutrality and emission-free mobility by 2050. biotic A scalable, fully biological and environmentally friendly process enables an optimal transition away from fossil fuel plastics and contributes to reducing greenhouse gas emissions with a zero waste and circular economy approach.
• Early stage funding challenges for ESIL To extend DeepTech solutions to climate-related challenges and provide know-how, 2M NIS Providing funding, networks and pilot facilities: battery, An innovative EV Charging as a Service (CaaS) company with a zero-infrastructure approach based on a unique charging robot. Thomas.thomas This allows fast charging of DC EVs in any parking lot or parking lot.
• In addition, Amazon Web Servicesselected the startup as the primary sponsor of CSP. electric We will exhibit at the COP28 Clean Energy Showcase.

thomas barrE.ON Chief Strategy and Innovation Officer: “Along the way, we learned that a collaborative approach with startups is more successful than trying to find them ourselves. To bridge the cultural gap, we learned: We need ambassadors in our company who speak both languages. That's why we have expatriates in Palo Alto or Palo Alto . tel aviv.We will continue to place our trust in you of israel High-tech ecosystem. ”

Katarina PeyerHead of Growth Area Sustainable Technology at Continental: “Continental's sustainability collaborations with startups follow a multifaceted strategy, from collaborations with academia to partnerships with startups. The importance of 'on the ground' initiatives like Co-Pace Second, working closely with local networks and NGOs, such as Climate Solutions Award winner Startup Nation Central, is essential to this strategy. It's a part. ”

The 2023 Israel Climate Technology Landscape Map details key companies offering solutions to address the climate crisis.Complete report on climate sector activities Israel Available here.

The Breakthrough Research Award Track was awarded to three Israeli research teams in January to advance research into promising solutions to the climate crisis.

For more information on the Climate Solutions Prize tracks, contestants and winners, please visit https://climatesolutionsprize.com/competitions.asp?id=70.

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SOURCE Startup Nation Central (SNC)