InnoBlog: Exam Seasons – Course Structure and Exam Formats

At the heart of every academic institution, the exam period signifies the culmination of courses. However, the types of exams taken can vary significantly across different schools within the EIT InnoEnergy programme. Drawing from my 17-month experience as a student enrolled at both KTH Royal Institute of Technology and UPC, Barcelona, I’ll shed light on the distinctive structure of exams within the Sustainable Energy Systems (SELECT) Programme.

SELECT Programme: A Dual University Experience

As a postgraduate student immersed in the Sustainable Energy Systems programme, the unique nature of our curriculum unfolds through an engaging duality between KTH Royal Institute of Technology and UPC, Barcelona. In our first year, we are required to participate in courses offered by both universities. The location determines the mode of participation – courses assigned to KTH are attended in person, while those designated to UPC are taken virtually.

However, this structure does not mean that virtual courses result in virtual exams. Instead, it reflects the adaptable and hands-on approach adopted in crafting the system. Throughout each semester, we are tasked with accumulating 30 credits, resulting in a total of ten distinct courses by year-end, equating to an overall provision of 60 credits.

Flexibility in Exam Arrangements

The examination format, like the course delivery, varies between the two universities, and the exam model depends on the professor in charge of the course. At KTH, the examination format is notably contingent upon the professor directing the course and is bound to be held at the midpoint of every semester, which is called an ‘end of a period’ in Sweden. It entails different formats such as written exams, take-home exams, and group projects. While the UPC exam model demands mostly group projects and written exams.

Written Exams: Testing Knowledge and Application

Written exams constitute a significant portion of assessments and typically manifest in two primary formats – open book or closed book examinations. The physical examination room becomes the setting for these assessments, with examiners posing questions designed to assess the depth of one’s understanding and problem-solving skills. Regardless of being open or closed book, these exams challenge students to apply their knowledge in tackling tasks.

Take-home Exams: Project-Based Assessments

Take-home exams, a distinctive assessment model, transcend the confines of traditional examinations. They often manifest in the form of written project work that necessitates comprehensive feasibility studies and, at times, programming tasks. In this model, students work outside the conventional examination setting, delving deep into research and analysis. The submission deadline, determined by the respective professor, would require a presentation of findings and methodologies employed in arriving at solutions

Group Projects: Fostering Collaborative Skills

Another dynamic aspect of assessment lies in the realm of group projects. These projects underscore the significance of teamwork and diverse perspectives in tackling a specific topic or problem statement. Collaborating with individuals possessing varied skill sets fosters a learning environment that accentuates team-working skills and the ability to thrive in diverse working dynamics.

Lisbon and Linköping win the European Capital of Innovation Awards 2023

European Capital of Innovation: Lisbon Shines Bright

Lisbon, Portugal, emerged as the winner in the European Capital of Innovation category, securing its position as a hub of inclusive innovation ecosystems. The city has demonstrated an exceptional ability to connect citizens with academia, businesses, and the public sector, translating innovation into tangible improvements in societal well-being.

Andreia Fernandes, Country Manager of EIT InnoEnergy Portugal said: “Empowering Portugal’s energy transition is not just a mission; it’s our legacy in the making. With Lisboa being recognised as the European Capital for Innovation, we stand poised at the forefront of sustainable energy innovation. It’s the reason EIT InnoEnergy chose Lisboa to host last year’s The Business Booster, its flagship event that brings together 150 cutting edge sustainable energy start-ups in the spirit of collaborative innovation.”.

European Rising Innovative City: Linköping’s Innovation Soars

In the European Rising Innovative City category, the Swedish city of Linköping claimed the top spot, showcasing its prowess in fostering innovation that significantly contributes to societal progress. Linköping’s commitment to connecting various stakeholders has propelled it to the forefront of rising innovative cities in Europe.

A Decade of iCapital Excellence

Initiated in 2014, the European Capital of Innovation Awards (iCapital), supported by the European Innovation Council (EIC) under Horizon Europe, celebrates its ninth edition. The accolade recognizes cities that foster inclusive innovation ecosystems, bringing together academia, businesses, and the public sector to drive impactful societal improvements.

Past iCapital winners include Barcelona (2014), Amsterdam (2016), Paris (2017), Athens (2018), Nantes (2019), Leuven (2020), Dortmund (2021), and Aix-Marseille Provence Metropole (2022). Rising Innovative City category winners from previous years include Vantaa (2021) and Haarlem (2022).

As one of the five EIC Prizes granted under Horizon Europe, iCapital is open to cities from all EU member states and countries associated with Horizon Europe. The selection process involves rigorous assessments by high-level juries of independent experts, ensuring that the accolade reflects true excellence in inclusive innovation. Managed by the European Innovation Council and SMEs Executive Agency, the iCapital Prize remains a cornerstone in the EU’s commitment to advancing research and innovation across the continent.

Celebrating Innovation in the Portuguese Energy Ecosystem

On November 14th, a distinctive and exclusive event unfolded against the dynamic backdrop of Portugal’s innovation landscape – ECOFIZZ, the Portuguese Energy Ecosystem Event by EIT InnoEnergy. Branded as the “Fizziest” gathering in the Portuguese ecosystem, this event served as a dynamic platform for networking, bringing together entrepreneurs, investors, and partners of InnoEnergy.

ECOFIZZ – Portuguese Energy Ecosystem Event

ECOFIZZ stands as a celebration of innovation, collaboration, and business opportunities within Portugal’s sustainable energy sector. The event promised an energy-filled evening, uniting the industry’s most entrepreneurial minds and visionary companies.

Attendees were invited to participate in this late-afternoon event filled with energy and great opportunities. ECOFIZZ emerged as a focal moment for connecting key players to foster collaboration and drive sustainable innovation. The event captured the spirit of progress and a commitment to a more sustainable and innovative future in energy.

In the subsequent sections, discover the groundbreaking initiatives of our esteemed partners with EIT InnoEnergy’s supported startups. Each presentation highlights the benefits of their collaboration with InnoEnergy and showcases how InnoEnergy supports them on their innovation roadmap.

GALP

GALP, in partnership with C2C New Cap, introduced their solution, GO-START. Addressing the challenges trucks face relying on outdated lead-acid battery technology, GO-START is a supercapacitor module designed for EU trucks. It offers easy installation, eliminates the need for modifications, and provides significant benefits, including a drastic reduction in lead usage and a decrease in the need for battery replacement.

E-REDES

Portugal’s leading Distribution Network Operator showcased their collaboration with Hepta Airborne, unveiling the GridDrone project. This transformative initiative leverages Artificial Intelligence (AI) for enhanced monitoring and maintenance of the electrical grid. E-Redes is automating inspections covering 1000 kilometres of high and medium-voltage grids, this partnership enhances operational safety, reliability, and environmental sustainability.

REN Portgás Distribuição

A public-service, natural-gas distribution company presented its partnership with InnoEnergy through collaboration with the Master School in the design of their innovation roadmap. Focused on developing and operating the gas distribution network in the coastal region of northern Portugal. REN Portgás Distribuição outlined ambitious plans for 2023-2027, including substantial investments in infrastructure and expansion.

In celebrating these innovators’ achievements, ECOFIZZ acknowledged their success and laid the groundwork for future collaborations, ensuring Portugal’s energy landscape continues to evolve towards a sustainable and innovative future.

Elena Bou receives the inaugural Nobel Sustainability Trust Award

Inaugural Sustainability Awards by the Nobel Sustainability Trust presented to trailblazers in the fields of energy and economics in climate change: Elena Bou of EIT InnoEnergy, awarded for ‘Outstanding Research and Development in the Field of Energy’; and Prof. Lord Nicholas Stern for ‘Leadership in Implementation of Sustainability Projects’.

Sustainability Award supported by the Nobel Sustainability Trust

The Nobel Sustainability Trust (NST) and the Technical University of Munich (TUM) are, for the first time, presenting the Sustainability Award supported by the Nobel Sustainability Trust for outstanding research and development work relating to sustainable energy and the economics of climate change. The awards go to Elena Bou of EIT InnoEnergy for her contribution to the promotion of sustainable energy start-ups and to Lord Nicholas Stern, Professor at the London School of Economics and Political Sciences, for his work on economic aspects of climate change.

The prizes for 2023’s two award categories were presented on November 9, 2023, at the Nobel Sustainability Trust Summit at the Bavarian Academy of Sciences in Munich. From this year forward, they will be awarded annually to individuals or institutions that have made outstanding contributions to the development and implementation of sustainable solutions for the benefit of humanity.

Sustainable use of the earth’s resources

Peter Nobel, Chairman of the NST, said: “It fills me with joy and pride that we can award the new prizes for the first time this year. After all, the future well-being of humanity and its survival depends on our sustainable use of the Earth’s resources. Supporting this has been, is, and will continue to be a major concern of our family. This will require significant intellectual and financial effort. It is the goal of the NST to support this process.”

TUM President Prof. Thomas F. Hofmann emphasised, “Sustainability and its translation into promising and marketable technologies must be the mandate of all of us. With the TUM Sustainable Futures Strategy 2030, we have set ourselves ambitious goals for a sustainable transformation. Such transformations need visible heroes. That is why I am delighted that we are now honouring two such personalities with the Nobel Sustainability Trust Award, who are visible far and wide as shining role models.”

About the awardees

Category: Outstanding Research and Development in the Field of Energy:

Elena Bou was co-founder of EIT InnoEnergy in 2010 and is its current Innovation Director. She is significantly involved in the creation and promotion of start-ups and scale-ups in the energy sector, including the financing of new companies. Acknowledging the award, Elena Bou said:

“I am honoured to receive this inaugural Nobel Sustainability Trust Award. This prize recognises the determinant roles start-ups, innovation and entrepreneurship play in the energy transition. Reaching net zero demands new ideas and approaches – it is what will truly shift the needle on the progress of sustainable energy solutions. Working at EIT InnoEnergy allows me to put this into action every day, and through my research and teaching at Esade, I hope to encourage and influence the next generation of changemakers.”

EIT InnoEnergy is a company supported by the European Institute of Technology which has supported over 500 companies in the field of sustainable energy since its inception. It focuses on energy storage, sustainable buildings and cities, renewable energy, smart grids, energy efficiency, circular economy, and transport and mobility.

Associate Professor in the Department of Operations, Innovation and Data Sciences at Esade, Elena Bou is active in research and teaching in the field of knowledge and innovation management. She holds a PhD in Management Sciences from Esade and is the author of several publications in the fields of knowledge management, collaborative innovation, and entrepreneurship.

Category: Leadership in Implementation

Professor Lord Nicholas Stern is an expert on the economics of climate change. He has been Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science since its inception in 2008 and has made an outstanding contribution to international climate policy and to promoting the transition to sustainable, inclusive, and resilient economic development over the past twenty years.

Further information

The prize winners are selected by a jury of international experts and professors from TUM, organised by the TUM Institute for Advanced Study (TUM-IAS). The prize money is a maximum of 1.3 million Swedish Crowns per year and is provided by the Nobel Sustainability Trust.

Applications for the second edition of the Hello CleanTech programme for cleantech innovators are open

Start-ups, entrepreneurs, innovators and researchers who develop impactful tech solutions, accelerate the cleantech sector and make a real impact on the world’s energy industry can already apply for the Hello CleanTech 2.0 programme organised by EIT InnoEnergy alongside industry partners. In the first edition of the programme, over 250 applications were submitted, and 36 companies established cooperation with experienced market leaders, receiving business, technological and fundraising support.

Hello CleanTech 2.0

The goal of the Hello CleanTech 2.0 programme is to create a platform that will enable start-ups, innovators and researchers to reach international corporations and establish potential cooperation. Among programme partners are: EIT InnoEnergy, Antler, Ciech Group, Commercialization Reactor, E44 ventures, EDP Renewables, Enea Innowacje, Enerco, Green Brother, Helve, Impact Prosper, South Poland Cleantech Cluster, World Fund, Cobin Angels, TDJ, Doral, Inci, Neurone, Boryszew, Sunly Startup, CofounderZone, Sabanci ARF, Warsaw Equity Group, Holcim Maqer Ventures, Łukasiewicz – PORT, Beamline Accelerator, Climate Tech Community, Jagiellonian University, MVM, ING, InnoAGH, InCarbZero, The Silesian University of Technology, Regnarson, each of them will have the opportunity to individually assess and establish a direct relationship with a company whose solution will be interesting and future-proof for them.  Thanks to the programme structure each solution can find its potential investor or customer. In addition, selected applicants will have the opportunity to present themselves to partners at the Demo Day.

Key benefits

Key benefits for participants:

  • Access to services provided by programme partners in specific tracks,
  • Technology experts’ support and mentoring offered by partners,
  • Fast Track to the investment process from EIT InnoEnergy and programme partners.
  • Potential access to relevant infrastructure through cooperation opportunities with leading industry leaders,
  • Access to global VC funds and community partners

Who can apply?

Hello CleanTech 2.0 is a unique opportunity for companies, researchers and innovators who develop environmentally friendly technological solutions designed for the cleantech sector. The organizers distinguished 9 areas in which participants can sub apply:

  • Energy storage: innovative solutions aimed at effective and pro-ecological energy storage.
  • Green hydrogen: solutions enabling ecological and innovative production, transport and storage of hydrogen.
  • Carbon tech: in particular CCU and CCS technologies and technologies enabling the valorisation of off-grid renewable energy sources.
  • Heat decarbonisation: heat pumps, power-to-heat solutions, innovative solutions for HVAC.
  • Battery recycling: ecological solutions dedicated to battery recycling, management of used batteries, and a second life for accumulators and batteries.
  • Smart grid: modern solutions that optimize the operation of energy networks, extend the service life and increase their flexibility.
  • Circular economy & Bioeconomy: innovations in recycling, solutions enabling the recovery of raw materials, scalable solutions for low-emission fuels.
  • Renewables: photovoltaics, wind energy, solutions aimed at reducing the carbon footprint.
  • Digital solutions: innovations increasing efficiency through the use of technology, new business models, and promotion of ecological solutions.

Apply now!

More detailed information and the application form are available on the programme’s website: https://hellocleantech.com/ 

Applications are open until 15 December 2023. 

A glance at The Business Booster 2023 – Entering the new Green Economy

A glance at The Business Booster 2023 – Entering the new Green Economy

This year The Business Booster transformed Amsterdam into Europe’s meeting point for sustainable energy innovation as delegates from across the continent and beyond came together at the RAI on 18 and 19 October.

Record attendance

InnoEnergy’s annual flagship event attracted a record 1,500+ attendees to explore the theme of The new Green Economy: Balancing profit and purpose.

Over two days, the InnoEnergy innovation ecosystem was in full action with:

  • High-level speakers
  • Pitching sessions
  • Exhibition visits
  • New technologies
  • Reverse pitching sessions
  • Roundtable discussions
  • Fireside chats
  • Parallel sessions

The hub of B2B meetings

All of these meeting points focused on critical topics to the new Green Economy. But most important of all, our delegates engaged in an intense two days of networking! Over 3,200 B2B meetings took place during the event between entrepreneurs, corporates, investors, media and policy makers.

Find out more

For a complete wrap-up on:

  • Insights from thought leaders
  • The energy transition and policy in focus
  • Innovation and ecosystems
  • 150+ innovative technologies
  • Networking for impact
  • Collaborating for the energy transition
  • Our partners in the new Green Economy

Please visit our event website.

Circular Industries Secures €2 Million in Venture Capital; A Step Closer to Innovative Solution for Recovering Critical Raw Materials

Circular Industries (‘CI’) is pleased to announce the successful completion of an early-stage funding round of €2 million. This funding, led by three leading investors, Orchard Participations, EIT InnoEnergy, and Impuls Zeeland, marks a significant step forward for CI’s ambitious project, the Urban Mining Factory – Printed Circuit Boards (‘UMF-PCB’).

 Circularity and Geopolitical Independence as Core Values

Circular Industries’ UMF-PCB project has two crucial pillars: circularity and geopolitical independence. This initiative aims to maximize the recovery of Critical Raw Materials from low-value discarded printed circuit boards through a unique process not yet employed elsewhere in the world. By recovering these critical raw materials, CI contributes to sustainability and ensures the availability of resources for future generations. At the same time, it reduces the European Union’s dependency on external suppliers, especially in a time when geopolitical issues are putting supply chains under pressure.

Investors Recognize the Potential

Early-stage funding has been made possible by three forward-thinking investors who share CI’s vision.

Boudewijn Poelmann, Founder of Orchard Participations, said, “Recovering metals from printed circuit boards contributes to a more sustainable world and the careful management of metals that are becoming rare and important for the energy transition.”

Roel van Diepen, Investment Director EIT InnoEnergy Benelux, added, “Securing the availability of scarce raw materials within the EU is becoming an increasingly relevant theme in EIT InnoEnergy’s investment policy. This will be one of the keys to an independent and improved European industrial ecosystem. With their innovative and patented process, Circular Industries will locally recycle metals relevant to the energy transition in a cleaner and more efficient manner than existing processes. InnoEnergy will use its unique innovation ecosystem to support the project and stakeholders.”

Rosco Ephraïm, Investment Manager at Impuls Zeeland, stated, “As a Regional Development Company, we strongly believe in promoting sustainable and innovative ideas from entrepreneurs. CI’s efforts to make the Zeeland economy more sustainable align perfectly with our mission.”

The Future of Circular Industries in Europe

With this early-stage funding, Circular Industries can complete the process and project validation phases of the UMF-PCB. This will pave the way for the financing and construction of the first Urban Mining Factory, with a leading role from a prominent Dutch bank.

The Urban Mining Factory demonstrates that sustainability, circularity, and geopolitical independence can go hand in hand. It serves as a shining example of how innovation and collaboration can lead to a better future for the EU and the rest of the world.

ManpowerGroup and the InnoEnergy Skills Institute partner to upskill thousands of people for green jobs by 2025

The green transition will drive demand for millions of new roles in renewable energy, electrification, battery technology, hydrogen and more. ManpowerGroup (NYSE: MAN) and EIT InnoEnergy are committed to preparing people for these new opportunities, and today announce an ambitious partnership to train and upskill 800,000 workers in the battery value chain across Europe by the end of 2025.

The collaboration between ManpowerGroup and InnoEnergy’s Skills Institute will provide accelerated virtual and in-person training for 70 in-demand roles including Battery Technicians, Electric Vehicle (EV) Chargers Maintenance Operators, Production Engineers, and more. Additionally, it helps drive progress towards the European Commission’s goal of having a skilled workforce to support the European Union’s Green Deal.

Riccardo Barberis, ManpowerGroup’s Regional President of Northern Europe:

“This partnership is an investment in people and the planet, creating opportunities for individuals to have meaningful careers that benefit us all,” Riccardo Barberis, ManpowerGroup’s Regional President of Northern Europe said. “Collaborating with InnoEnergy to build a pipeline of skilled talent who will support Europe’s transition to a net-zero future is not only smart business, but the right thing to do to help people level up their potential.”

Flexible training for green careers with multilingual accessibility

The InnoEnergy Skills Institute provides flexible training that includes online courses and a combination of virtual and in-person lab experiences. The wide-ranging options include 35 certifications – totalling more than 400 online learning hours. All of these resources are accessible in more than ten languages and will enable career changers to reskill and certify for green jobs as well as provide new entrants with the skills necessary to embark on green energy careers.

Panel discussion at The Business Booster 2023

Additional details of the joint effort and the need to up-and re-skill the workforce of the future will be shared as part of EIT InnoEnergy’s upcoming event, The Business Booster, which takes place October 18-19 in Amsterdam and showcases 150+ sustainable energy technologies under one roof. This year’s theme is “The New Green Economy: Balancing Profit and Purpose.” Barberis will take part in a panel discussion “Labour: Skills Shortage for the New Green Economy” alongside European Commission’s Head of Unit for Skills, Services and Professions, Henning Ehrenstein, NIIT Chief Business Officer Sailesh Lalla, Frank Menchaca, President of Sustainable Mobility Solutions at SAE International, and Oana Penu, Director of the InnoEnergy Skills Institute.

Oana Penu, Director of the InnoEnergy Skills Institute:

“Tackling the climate change transition to a carbon neutral economy and society requires urgent collaboration and investment in upskilling and reskilling workers for the green jobs of tomorrow,” said Oana Penu. “We are excited to join forces with ManpowerGroup to accelerate these efforts and equip hundreds of thousands of workers with the skills needed to support Europe’s sustainability goals. At TBB, we look forward to explaining our solutions and the vital role partnerships like this play in building a skilled workforce for the future.”

About InnoEnergy Skills Institute:

The InnoEnergy Skills Institute is an evolution of EIT InnoEnergy’s highly successful European Battery Alliance (EBA) Academy, expanding to also include green hydrogen and solar photovoltaics (PV) value chains. Its agile, modular approach to training will deliver the latest trends and training with adaptable, customisable courses and programmes that meet specific needs, regardless of location, size, or technology.

Inspired and informed by the dynamic clean energy ecosystem of EIT InnoEnergy, we equip the global workforce with the expertise and skills required to create a sustainable economy, distilling our unrivalled knowledge and know‑how into relevant, applicable, and effective modular training courses and credentials.

So far, the institute has trained and upskilled over 40,000 workers and delivered more than 35 certifications, more than 80 courses and programs in over ten languages. Our agility and expertise transform the skills of today’s workforce into those needed for a clean tomorrow.

For the full press release, please click here.

New entries in EIT InnoEnergy’s equity portfolio Q3 2023

During the Q3 of 2023, six new innovative companies joined the EIT InnoEnergy equity portfolio.

Welcome: Circular Industries, Methaplanet, Nesetten, Renercycle, Tribonex and Future Voltaics.

“The Net-Zero discourse is progressively drifting towards industrial policy and competitiveness. What is Europe’s competitive advantage? Circularity and sustainability should be at the core of our competitive advantage. This quarter, our equity portfolio has expanded with a strong emphasis on Circular Economy, Energy Efficiency, and Renewable Energies, as we remain committed to fostering a bright and sustainable future for our society”– said Elena Bou, Co-Founder and Innovation Director of EIT InnoEnergy.

More info about the newcomers in our different portfolios:

Circular Economy

Circular Industries

Scaling the circular economy

Circular Industries has developed a patented process for the recovery of raw materials present in low-grade waste printed circuit boards (WPCB). By offering suppliers the possibility of a higher payout, the collection, dismantling and trade of low-grade e-waste becomes economically appealing. The process generates no toxic emissions, polluted wastewater or unusable residues. The raw materials produced benefit the security of supply of raw materials to EU manufacturing industries.

More info

Methaplanet

Prepare your biomass and increase your biogas production

Methaplanet does not build more biogas plants. Instead, it optimises existing plants by supplying a patented energy pellet production unit – the Maxximizer. By adding a Maxximizer to installations, biogas plants can start producing their own high-yield energy pellets immediately. This generates much more biogas per ton input materials, and optimises the production of biogas.

More info

Nesetten

Nano-scale cryogenic bulk: a game-changer for (bio-) LNG

Nesetten’s products are dedicated to unlocking solutions for the use of bio-LNG and LNG on a micro- and nano-scale that offer eco-friendly alternatives for decentralised energy supply systems. Nesetten’s primary focus is the cutting-edge manufacturing of 2nd-generation cryogenic micro bulks, capable of storing liquids at temperatures as low as -196 °C. Its revolutionary construction allows the company to pioneer steel- and vacuum-less bulks, enhancing safety and design flexibility.

More info

RenerCycle

Developing industrial and technological solutions to boost the circular economy in renewables

RenerCycle proposes a new circular model of non-linear production and consumption for onshore projects. In addition to the dismantling of wind farms, and the repairing and reconditioning of wind turbine components as spare parts, the plan includes recycling metallic materials such as steel and castings, the composite materials of wind turbines (blades and nacelles) as well as organic materials such as gearbox oils, among other industrial initiatives.

More info

Energy efficiency

Tribonex

Cost-efficient and scalable surface treatments for minimised friction and wear in various industrial applications

A patented mechano-chemical process creates durable low friction surfaces on components. The process is flexible and cost-efficient as it can be implemented using standard production machines, allowing for scalability and seamless integration in existing production lines. The process can replace current polishing steps, adding performance at low cost. The treatment can be applied on components made of steel or cast iron and of various shape and size, thus having very broad applicability.

More info

Renewable energies

Future Voltaics

More power when it matters

Future Voltaics developed “Vechtor”, an innovative photovoltaic system that utilises vertical bifacial solar panels, along with patented engineered reflectors. This enables it to increase power output irrelative of radiance conditions. The technology maximises the overall annual energy yield of the plant (kWh/kW) and reduces the cost of electricity (LCOE). It additionally optimises energy production when the price of electricity tends to be higher: at sunrise, sunset, in cloudy weather and in winter.

More info

If you are interested to meet these innovative companies and 150 more in person, don’t miss the opportunity to come to our flagship event, The Business Booster 2023 which will take place in Amsterdam, Netherlands 18 – 19 October. Focusing this year on The new Green Economy: balancing profit and purpose, the event will see investors, start-ups, major companies, and policy makers gather for a series of discussions on the most pressing industry issues, while showcasing 150+ innovative companies from EIT InnoEnergy’s portfolio.

Register here.

EIT InnoEnergy is proud to renew its support for Mecaware to speed up its industrial and commercial development

MECAWARE secures €40m to become the leader in battery recycling and the production of strategic metals in France and Europe.

This funding will enable the industrialisation of the pilot scheme for the recycling of battery production scrap (Gigafactories Scrap – ScrapCO2MET project), which will be operational in 2025. This tool will produce 50 tonnes of recycled metal per year, in particular, lithium, nickel, cobalt and manganese. To prepare for this development, MECAWARE is finalising the installation of its new Technical Centre on the outskirts of Lyon (Vénissieux). This 1,600m2 site includes offices, an R&D laboratory and a factory building.

A one-of-a-kind technology

MECAWARE is currently focusing on the recycling of end-of-life batteries and production scrap from battery-making factories. Its technology is based on ground-breaking innovation in dynamic combinatorial chemistry. It uses the synergy caused from the capture of CO2 and the recycling of critical metals. Subject to four patents, it was recognised in 2020 by the American Chemical Society and the Nature Chemistry journal.

Its application enables the extraction of metals in a closed loop, free from inputs that impact the environment, without producing any effluent and with no special energy requirements. Consequently, its economic and ecological value is particularly appealing: the MECAWARE eco²-efficiency feedstocks to deposits and to evolutions in battery technology.

A one-of-a-kind technology

This fundraising operation carried out with a pool of investors was organised by Crédit Mutuel Innovation and the SPI2 fund managed on behalf of the State of France by Bpifrance as part of the France 2030 initiative. It was supported by some of MECAWARE’s long-standing investment partners, who thus consolidated their positions: EIT InnoEnergyUI InvestissementKreaxiBNP Paribas DéveloppementCrédit Agricole Création. It follows on from the obtainment, at the start of the year, of State subsidies under the France 2030 Plan (ADEME, RRR) awarded to the ScrapCO2MET project in partnership with the companies VERKOR and MTB. This funding should also be supplemented by bank support provided by BNP ParibasCICCERA and Bpifrance.

This fundraising will also enable the development of the operational governance of commercial activities and the structuring of the teams involved (workforces will increase from 40 people at the end of 2023 to 80 in 2024).

Arnaud Villers d’Arbouet, Co-Founder and CEO of MECAWARE explains:

“MECAWARE is thus deploying a ground-breaking and scalable industrial solution as part of a circular economy approach. It makes it possible to secure supplies of raw materials, enabling the strategic independence of our territories to bolster the energy transition, all in compliance with EU Regulations. Our technological solution addresses the current problems caused by traditional processes.”