UK energy tech startups find it 200% harder to succeed than tech startups, new report by Harwell and Tech Nation finds
Experts at Harwell, the UK’s leading science and innovation campus, are calling for an increase in ‘later stage’ investment and smarter support for scaling energy tech organisations to prevent ‘pilot-itis’ and to tackle the global climate challenge, after a new report from Harwell and Tech Nation showed it was 200 percent harder for energy tech startups to transition to late growth than tech startups in other sectors. As a result, nearly half (47.6 percent) of UK energy tech companies are still at seed stage.
Three SMEs, AMTE Power, Brill Power and Starke Energy, are joining forces to demonstrate new energy storage product innovations at a commercial-scale testbed at Harwell Campus, bringing their solutions one stage closer to market.
The science behind the climate challenge is clear. We need to address the crucial question – how can science and innovation help us to make the transition to net zero, faster?
Mission Zero – The intelligent storage solution
One day soon, we may be able to store and use all the energy we need, without contributing to climate change.
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