Energy Leap Concludes its Inaugural Innovation Challenge for Clean Hydrogen Start-ups – Winners Announced at the Exchange 2024

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Energy Leap Concludes its Inaugural Innovation Challenge for Clean Hydrogen Start-ups – Winners Announced at the Exchange 2024
Energy Leap Concludes its Inaugural Innovation Challenge for Clean Hydrogen Start-ups – Winners Announced at the Exchange 2024

Xynteo’s Energy Leap, an finish-to-finish clear hydrogen expertise and enterprise accelerator launched in 2023, offered its first Innovation Challenge award to Suzhiyam Industrial Machines, a promising begin-up engaged on a pathbreaking resolution in the clear hydrogen worth chain, at the Exchange, offered by Hindalco in collaboration with Xynteo, on 16 February.

Energy Leap Concludes its Inaugural Innovation Challenge for Clean Hydrogen Start-ups – Winners Announced at the Exchange 2024

(L-R) Vikas Mehta, Executive Director, SED Fund; Davendra Kumar, Managing Director, Technip Energies India; Ananda Rajeshwaran.J, Co-founder, Suzhiyam; Vivekanandan Jegadeesan, Co-founder, Suzhiyam

For the Innovation Challenge, Energy Leap obtained 23 purposes from innovators with early stage options with expertise readiness stage (TRL) <6. The focus areas for the problem spanned throughout manufacturing applied sciences, utilisation options for trade purposes, superior storage and transportation, supplies, catalysts, digitisation and monitoring.

Suzhiyam gained USD 25,000 for its innovation on producing clear hydrogen from agri-waste and municipal strong waste sources, and can collaborate with Energy Leap to additional their innovation in the direction of market readiness. Grassroots Energy, Hydrovert Technologies and Prasah are the different finalists and Energy Leap will prolong its assist for expertise validation and networking with companions throughout the worth chain. These 4 early-stage begin-ups might be a part of Energy Leap’s portfolio alongside excessive-potential begin-ups, Ossus Bio-renewables and SungreenH2, which have superior and market-prepared options for scaling up.

Experts and advisors of Energy Leap comprising Dr. Aravind Kumar Chandiran, Associate Professor, IIT Madras; Manish Panchal, Member – CII Green Hydrogen Task Force; Dr. N. Rajalakshmi, Former Head, CFCT, ARCI; Shyam Kishore Chowdhary, AVP, Head Process & Technology, Technip Energies and Mridula Bhardwaj, Capacity Building Specialist, International Solar Alliance evaluated the purposes primarily based on parameters of technical feasibility, industrial viability and market alternative.

Xynteo’s Energy Leap programme is partnered by SED Fund, Technip Energies, Research and Innovation Circle of Hyderabad, with assist from Cambridge Cleantech, Energy Systems Catapult, CIIE.CO and Amazon Web Services.

Vikas Mehta, Executive Director, SED Fund mentioned, “We are excited to collaborate with Energy Leap in the direction of enabling the clear hydrogen innovation ecosystem in collaboration with industries and traders. The Innovation Challenge award is a step in the direction of producing a pipeline of viable industrial options in brief to medium time period, making hydrogen a mainstream agenda in the direction of web zero.”

Vipul Kumar, Senior Partner, Xynteo, mentioned, “We are unyielding in the direction of our dedication to create planet-optimistic influence, and in the present day Energy Leap’s Innovation Challenge is one other testomony to our resolve to work tirelessly in the direction of good development. This Challenge highlights the must allow collaboration throughout the hydrogen innovation ecosystem and display proof factors for varied finish use-instances. We congratulate Suzhiyam for the award, and with assist of our Energy Leap companions, we hope to empower their development, and assist them unlock the huge potential of unpolluted hydrogen in India and past.”

All portfolio begin-ups will obtain energetic assist from Energy Leap throughout areas of expertise validation and commercialisation; trade partnerships; enterprise mentoring and investments. The programme will concentrate on supporting ~50 improvements throughout the clear hydrogen worth chain over the subsequent 4-5 years and invitations companions from round the world to affix the Energy Leap’s journey.

Visit Energy Leap for extra particulars on the about our Innovation Challenge and the Growth Accelerator.

About Energy Leap

Energy Leap, a clear hydrogen expertise and enterprise accelerator, focuses on driving innovation and market creation for clear hydrogen in India and globally. It helps the wider ecosystem encompassing power safety, the hydrogen financial system and decarbonisation.

The programme goals to facilitate expertise commercialisation, market creation and unlocking capital for begin-ups, and bringing collectively stakeholders equivalent to trade, traders, expertise and assume tanks. The programme’s Growth Accelerator works to catalyse new applied sciences and begin-ups throughout the hydrogen worth chain, and commercialise them by means of enterprise modelling, operational, expertise and funding assist, and market entry.

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