Climate Tech Startups Score $1.3M

Published by nocamels.com on February 28, 2024.

An award of $1.3 million has been split between seven Israeli climate tech startups as part of the startup category of the Climate Solution Prize, an initiative created to encourage innovation in this field.

The selection for the track was carried out by Startup Nation Central, a Tel Aviv-based nonprofit dedicated to promoting Israeli innovation, and the Climate Solutions Prize Organization.

The winners include:

Filo System, whose data compression engine provides storage and networking saving, which lowers energy consumption and cooling cost for data centers;

Electriq, whose innovative powder hydrogen carrier can simplify storage, transport and use of the gas in off-grid uses;

TIGI Solar, which received a prize for its renewable heat generation and heat storage solution;

Nemo Nanomaterials, whose nanotechnology solutions improve industrial materials and products;

Envomed, whose innovative development shreds and sterilizes medical waste;

Biotic, which has developed sustainable fossil fuel plastics for automotives;

and

BaTTeRi, whose vehicle charging services utilize a charging robot named Thomas, which can provide services where needed.

In addition, Amazon Web Services, the prime sponsor of the awards, chose Electiq to exhibit its clean energy at the United Nations Climate Change Conference taking place in Azerbaijan in November 2024.

“The initiative, designed to award the best and brightest climate tech startups throughout Israel, provides access to investment, partnership opportunities with global MNCs, and exposure at COP28 to global solution seekers, to promote scalable, sustainable solutions to pressing environmental challenges,” said Startup Nation Central CEO Avi Hasson.

Keep reading at nocamels.com.

TIGI Solar CEO Zvika Klier is a Technion alumnus.

More Protecting Our Planet stories