TERA-AWARD

Smart Energy
Innovation Competition

Application Deadline

31 August 2021 (Tuesday)

Final Assessment by Judges

2H Oct, 2021

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Introduction

The TERA-Award Smart Energy Innovation Competition aims to empower the development of a green economy, with an objective to identify innovative technologies and solutions for a future with smart energy.
Through the competition, the organisers will offer the application scenarios, funding opportunities and resources to the entries with potential, helping them to bring their innovative ideas to fruition and achieve commercial success.

Scope

Renewable Energy

Solar Energy
Wind Energy
Geothermal Energy
Biomass Energy

ENERGY STORAGE & CONVERSION

Electrochemical Energy Storage
Physical Energy Storage
Energy Conversion Technologies
Thermal Solutions (E.g. Air-source Heat Pumps)

CCUS Technologies

Carbon Capture
Carbon Utilisation
Carbon Storage
Methane Emissions Control

Green Fuels & Hydrogen Energy

Sustainable Biomass Processing Technologies
Sustainable Aviation Fuel (SAF)
Green Methanol
Hydrogen Production
Transmission And Storage
Hydrogen Energy Applications

Intelligent Energy Systems

Energy Internet
Virtual Power Plants
Energy Management Solutions

Smart City

Green Smart Kitchens
Home Energy Management Solutions
Green City Planning​ (e.g. Green Transportation, Green Buildings, Waste Management, Air Quality Management)

General Eligibility Requirements

  • Startups or research groups
  • Patented prototypes and products with commercial potential
  • Projects that are in the early stage of commercialisation, with no restriction on the size of revenue.
  • Ready for scaling with industry partners, investors and markets.

Application Procedure

Application Procedure & Time-table

Submission Deadline: Apr 2025

Submission

Sept – Nov 2023

Screening by Judges

Dec 2023 – Feb 2024

Online Interview

End of Feb 2024

Final Assessment by Judges

End of Feb 2024

Result Announcement

Mar 2024

Award Presentation

Mar 2024

SUBMISSION

Dec 2024 – Apr 2025

SCREENING BY JUDGES​

Apr 2025 – May 2025

Prizes for Winners

TERA-Award Silver

US$100,000

TERA-Award Gold

US$1,000,000

TERA-Award Bronze

US$50,000

TERA-Award Gold

US$1,000,000

TERA-Award Silver

US$100,000

TERA-Award Bronze

US$50,000

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Trophies and Certificates

Benefits for Participants

01

Grand Prizes

The top three entries in the Grand Final will receive cash prizes of US$1 million, US$100,000 and US$50,000 respectively.

02

Strategic Investment

Outstanding projects from the competition will have the opportunity to receive a strategic investment from Towngas,Full Vision Capital,and partnership funds

03

Application Scenarios

Towngas, along with its subsidiary Towngas Smart Energy, will provide outstanding entries from the competition with application scenarios, empowering innovative technologies and products to be practically implemented and reproduced rapidly.

04

Acceleration Programme

Participants in the competition will have the opportunity to engage in face-to-face interactions with industry experts, renowned mentors, and investors, fostering project growth.

05

Media Promotion

Together with a professional team, we will create media coverage around trending topics related to the TERA-Award Smart Energy Innovation Competition. We will uncover, track, and document the exciting moments and growth journey of the annual winners, while also collaborating with mainstream media to extensively promote and report on the winners.

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