Hong Kong, 24 February 2025 – Hong Kong-based utility Towngas, in partnership with New Energy Nexus (NEX), has launched the 4th TERA Award, a global initiative to identify and recognize exceptional, innovative green technologies and solutions that are poised for the future.
Through the competition, the organizers 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.
The prize of the award is US$1 million for the first-place winner, while runner up and third prize will receive US$100,000 and US$50,000.
Hong Kong skyline
Application categories include:
- Renewable Energy: Solar Energy, Wind Energy, Geothermal Energy, Biomass Energy
- Energy Storage and Conversion: Electrochemical energy storage, Physical Energy, Energy conversion technologies,Thermal solutions (e.g air source heat pumps)
- CCUS Technology: Carbon Capture, Carbon Utilization, Carbon Storage, Methane Emissions Control
- Green fuel & hydrogen energy: Sustainable biomass processing tech, Sustainable aviation fuel (SAF), Green methanol, Hydrogen production, transmission and storage, Hydrogen energy applications
- Intelligent Energy Systems: Energy Internet, Virtual Power Plant, Energy management
- Smart City: Green Smart Kitchens, Home Energy Management Solutions, Green City Planning (e.g. Green Transportation, Green Buildings, Waste Management, Air Quality Management)
In its past three editions, Tera-Award has attracted applications from 933 green tech start-ups across 59 countries and regions, thereby establishing a significant impact within the global energy innovation ecosystem.
New Energy Nexus China has been supporting Tera-Award for three years. Every year, we link global ecological partner resources, fully support the recruitment and promotion of the competition, and jointly accelerate the implementation of advanced green energy technologies.
The application window is until April 9th, 2025. Apply now for US$1 million for Gold Prize, and chance to accelerate with Towngas energy sandbox!