ESB to co-create innovative solutions with global energy start-ups

Monday 9 January 2017

  • Leading global energy utilities including ESB launch worldwide start-up accelerator programme to foster innovative energy solutions
  • Irish energy start-ups invited to be among 12 companies selected to participate in global accelerator programme

Irish energy start-up companies are encouraged to apply for a place in an exciting new global initiative, spearheaded by ESB and a consortium of worldwide utilities and accelerators.

The aim of the Free Electrons global accelerator programme is to recruit 12 energy start-ups to help drive the next generation of ideas in clean energy, energy efficiency, electric mobility and on-demand customer services.

ESB and the consortium of utility companies will support the start-ups to refine their products and services, with the potential of testing and developing them for a global customer base. Collectively, the nine utility companies have a combined market base of 73 million customers located in more than 40 countries.

Interested energy start-ups must have a working prototype to apply, with the winning companies partaking in three week-long ‘customer adoption’ modules in Silicon Valley, Lisbon/Dublin and Singapore over a six month period.

Speaking about ESB’s role in this programme, Paul Mulvaney, Executive Director of Innovation with ESB, commented: “We are excited about the prospect of working with a pool of start-ups from across the world, learning from them, providing them with insights to the energy industry and offering them the opportunity to trial and develop their products/services in Ireland and the UK. At ESB we are very focused on bringing new cutting edge solutions to our customer base and look forward to hosting the start-ups in Dublin later in 2017.”

The deadline for interested applicants is 28 February 2017 with the winners announced in April. For further information and to apply visit www.freelectrons.co

ENDS

Media enquiries to:

Grainne Burns, ESB Press Office – 01 7026707 / 087 9533640 / grainne.burns@esb.ie

Note to Editors

The utility partners in Free Electrons are leaders in the clean energy transition, covering more than 25 countries, representing over $90 billion in combined net income and access to over 70 million end customers worldwide.

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Free Electrons Global Consortium Players

ESB

ESB is Ireland’s leading energy company, operating across the full spectrum of the electricity market: from generation, through transmission and distribution to supply. In addition, ESB extracts further value at certain points along this chain: supplying gas, using our networks to carry fibre for telecommunications, developing electric vehicle public charging infrastructure and an international consultancy arm which has worked in 120 countries globally. More information at www.esb.ie/innovation

 

AusNet Services

AusNet Services is a major player in the Australian energy industry. We are Victoria's largest energy delivery service business owning and operating approximately $11 billion of electricity and gas distribution assets that connect into more than 1.3 million Victorian homes and businesses. The energy landscape is transforming and so are we. We are looking for new ways to move energy with significant investment in creating energy solutions to meet tomorrow's needs. More information at www.ausnetservices.com.au.

 

Dubai Electricity and Water Authority (DEWA)

Dubai Electricity and Water Authority (DEWA) is committed to promoting Dubai’s vision through the delivery of sustainable electricity and water services at a world-class level of reliability, efficiency and safety in an environment that nurtures innovation with a competent workforce and effective partnerships; supporting the sustainability of resources. More information at www.dewa.gov.ae.

Energias de Portugal (EDP)

Energias de Portugal (EDP) is an energy producer, distributor and retailer with around 12 million customers in Portugal, Spain and Brazil. ESP has around 25GW of power production capacity of which 10GW are wind power generation, making us the 4th largest wind power producer in the World and 3rd in the US, and 5GW are hydro. Our renewable power business is present in 14 countries including US, Brazil and several European countries. More information at www.edp.pt.

innogy

innogy SE is a European energy company, offering sustainable and innovative energy solutions. With its three business areas of renewables, grid and infrastructure as well as retail, it addresses the requirements of a modern, decarbonised, decentralised and digital energy world. More information at www.innogy.com.

 

Origin Energy

Origin is the leading Australian integrated energy company with market leading positions in energy retailing, power generation and natural gas production. Origin has a substantial renewable energy portfolio, which provides flexibility for Origin to develop or support the development of additional renewable energy and fulfil its aspiration to be one of Australia’s leading renewable energy companies. The energy landscape is rapidly empowering consumers, with technology enabling consumers and Origin is embracing this change to provide differentiated solutions to help the empowered consumer manage their energy needs, with the vision to be Australia’s most trusted energy solutions provider. More information at www.originenergy.com.au.

 

Singapore Power

Singapore Power is one of Singapore's largest energy corporations that owns and operates the electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. More information at www.singaporepower.com.sg.

 

Tokyo Electric Power Company (TEPCO)

Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving more than 29 million homes and businesses. Worldwide the company has more than 74 subsidiaries and affiliates in 8 countries and employs approximately 43,330 people. Consolidated revenue for the fiscal year ending March 31, 2016, totaled 6.8 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit http://www.tepco.co.jp/en/corpinfo/index-e.html.

 

New Energy Nexus (Accelerator Partner)

New Energy Nexus supports clean, smart and distributed start-ups worldwide by facilitating collaboration and innovation between industry experts, accelerators and entrepreneurs that are transforming tomorrow’s energy systems. New Energy Nexus is powered by the California Clean Energy Fund (CalCEF). The California Clean Energy Fund (CalCEF) has been investing in, and accelerating clean energy innovation and start-up ecosystems for over a decade. CalCEF is tightly integrated in a web of clean energy research institutions, start-up accelerators, and investors. More information at www.energynexus.co.

 

Swissnex (Accelerator Partner)

Swissnex SF fosters international collaboration in the fields of education, research and innovation. With a belief that entrepreneurship is crucial to the clean energy transition, swissnex SF launched the SAFT – Energy start-up solutions for 2050 accelerator program in 2015. swissnex SF brings over 13 years of experience connecting innovators with the right contacts and resources in Silicon Valley that they need to take their ventures to the next level. More information at www.swissnexsanfrancisco.org.