Positive Energy, an initiative developed to help the Spanish economy to mitigate the financial and social repercussions of COVID-19, has received submissions from nearly 400 energy startups.
The submissions were received by the organisers of the project, Enagás, Red Eléctrica, CLH, Iberdrola, BP, EIT InnoEnergy and Acciona, within three weeks.
The organisers will leverage their ventures and innovation to support shortlisted energy startups in using their solutions related to environmental sustainability, mobility, social impact, digitisation, ICTs and industry 4.0 to reverse the financial and social impacts of COVID-19.
Amongst the energy startups that have submitted their proposals, 140 are in their early stages (with an annual turnover of under €5,000 ($5.400), 217 are more advanced start-ups (turning over €5,000 to €1 million ($1,082,000) a year), and 39 are scale-ups (companies with a turnover of more than €1 million in 2019).
Over 85% of the projects are Spanish, while 51 of them were put forward by entrepreneurs from countries such as France, Belgium, Switzerland, Chile and Canada.
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The winning proposals will be named in the first week of May to start their work as from mid-May over a period of one year.
Click here for more information about the initiative.