Towngas has been rooted in Hong Kong for over 160 years, continuously committed to reducing the environmental impact of its operations and developing cleaner fuels. Through the TERA-Award Smart Energy Innovation Competition, Towngas aims to encourage global scientific elites to propose groundbreaking innovations in the smart energy field and to uncover forward-thinking technologies and solutions, driving the green transformation and sustainable development of the global energy industry.
The name of the event stems from the power unit “terawatt” (TW), equivalent to 10(12) or 1 trillion watts.
The six key areas targeted are renewable energy, energy storage & conversion,ccus technologies, green fuels & hydrogen energy, intelligent energy systems and green smart city. The broad scope of application encompassed by these six fields contributes towards meeting the global demand for low-carbon and renewable energy, thereby presenting significant potential.
Considering that smart energy innovation technology is still in its early stages of development, the competition committee has established a panel of expert judges across industry, academia, and research sectors to ensure a professional, fair, and impartial evaluation process. This panel is composed of experts and scholars from Towngas, Tsinghua University, the University of Hong Kong, and top international R&D institutions.
The award takes into account four areas: innovation, implementation and talent capability and commercialization.
Three prizes are available, including TERA-Award Gold, TERA-Award Silver and TERA-Award Bronze.
TERA-Award Gold: US$1 million TERA-Award Silver: US$100,000 TERA-Award Bronze: US$50,000
“Rising Star Award” and “Pioneer Award” will be awarded to respectively top-tier projects with highest readiness of commercialization and top-tier projects which are most innovative.
Outstanding projects in the competition will have the opportunity to secure investment and conduct technology trials in application scenarios.
Note: The host, co-host and strategic partners of TERA-Award collectively or individually possess the right to priority purchase or priority quotation for obtaining, purchasing, funding or investment of the entries submitted by participants in part or in their entirety.
