EIT KIC Reports

Being an entrepreneur is not an easy path and changes many aspects of one’s life. An entrepreneur must translate knowledge into a commercializable product and build a start-up around it. The entrepreneur must base decisions on the technology, the market and financial aspects. He or she should keep in mind the actual and future needs of current and potential customers and all stakeholders. These are all challenging tasks requiring not only technical skills but soft skills and execution capacity.

In 2010, the word ‘innovation’ rarely appeared in energy companies’ annual reports, and the term ‘start-up’ simply did not exist. Today, the situation is completely different. Innovation (specifically collaboration with startups) is seen as a way to learn and implement new business models. It has become a strategic necessity that is directly related to each company’s planned evolution for its future.

 

InnoEnergy has developed credible future technology cost models for four renewable energy generation technologies using a consistent and robust methodology. The purpose of these cost models is to explore and track the impact of innovations on the levelised cost of energy (LCOE) in a consistent way across the four technologies. This report examines how technology innovation is anticipated to reduce the cost of energy from European offshore wind farms up to 2030.

Never-ending traffic jams, growing CO2 emissions and high particulate matter, excessive noise levels, and a lack of recreational space have become some of the most pressing issues for Europe’s cities. Still largely focused on the needs of (combustion engine) car drivers and reliant on outdated infrastructures, most cities’ transport systems have been unable to adequately address these important threats to the quality of life in our urban areas.

In Europe, air pollution is primarily a result of the combustion of hydrocarbons in road transport and heating. In urban areas, emission of NOx, and NO2 in particular are primarily the result of road transport. Secondly, emissions from household and commercial heating are known as “low-stack emissions” (when the point of origin is below 40m), and are caused largely by the use of low quality heating fuels, and old furnaces. Furthermore, low stack emissions are the primary contributor to the creation of excessive amounts of PM2.5, PM10 and benzo(a)pyrene.

The race is on to transition Europe to a clean, circular economy with net-zero greenhouse gasses (GHG) by 2050. Europe’s industrial sector, which includes energy, industrial processes, manufacturing and construction, currently accounts for 51% of Europe’s total carbon emissions, and on a wider scale, Europe is responsible for 10% of global GHG emissions.

As EIT InnoEnergy entered into its eleventh year in 2021, Coronavirus continued to influence everything, as it had in 2020. We kept acting swiftly and efficiently in response to the pandemic, especially in ensuring our stakeholders were supported, negative impact was minimised and continuity secured. Supporting our Master School students, start-ups, partners, and staff once again became a key priority during the year. The resilience of everyone demonstrated what can be achieved with a common goal in mind.

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