Innovate UK KTN is offering innovators with hydrogen generation, storage and distribution solutions the chance to pitch to potential investors.
Its competition, launched in March, is seeking innovators developing solutions that support the production, storage and distribution of green hydrogen which, if they were to be scaled, could have a significant impact on reducing carbon emissions. To be successful, solutions must have a place in a net zero carbon world of 2050, meaning it is not a transitional technology nor offers any incentives for industries to continue with carbon emitting activities, and also be rooted in defendable, scientific innovation.
The investors, all of which are active in hydrogen – Zero Carbon Capital, IQ Capital, Chrysalix, CEMEX Ventures, and AP Ventures – will consider partnering for grant bids, or demonstration and pilot projects, as well as making a direct investment. The programme will also offer successful applicants the chance to link with organisations that provide insights and connections, could support testing and demonstration of new technologies, connect with other supply side innovations, as well as potential future large scale users of hydrogen. Proposals that will not be considered are those in the areas of SaaS, websites, big data, AI, apps and digital marketplaces.
The deadline for applications is 24 April at 23:59, with a pitch day for those successful then following on 18 May.