EIT InnoEnergy has published its Annual Review, discover more about the activities, results, and impact of the EIT Community in 2020.
As you read through this Annual Review, you will see stories of how the EIT Community mobilised the EIT’s Crisis Response Initiative, worth EUR 60 million, by implementing rescue measures for our whole ecosystem. Financial support was deployed to more than 100 of EIT InnoEnergy’s start-ups. Students and alumni were recruited by start-ups who needed additional resources. A network of on-the-ground support was put in place for students to cope with lockdown measures. Digital learning capabilities were rolled out to the partner universities. And free sustainable energy education was provided to children around the world.
Leading industrial value chains
What is more, the EIT Community welcomed the European Commission’s announcement to increase its target for reducing carbon emissions from 40% to 55% by 2030. This news catapulted the importance of European industrial value chains and their role in helping EIT InnoEnergy reach Europe’s decarbonisation goals. Read about the role of the EIT Community in the decarbonisation of Europe here.
The Business Booster
Like all businesses that fought to stay afloat during 2020 – EIT InnoEnergy took all its events online. This saw its first-ever digital version of The Business Booster, which launched in November as TBB.Connect. 1 200 professionals took part in 2 100 meetings, viewed 150 exhibitors, and watched 120 pitches spanning the entire business chain.
Examples from EIT InnoEnergy portfolio
As always, a feature of the EIT InnoEnergy Annual Review includes some of the outstanding examples from its portfolio. You will read about CorPower Ocean, a global leader in wave energy conversion, who secured EUR 9 million in equity funding for its breakthrough technology. Skeleton Technologies, the largest European manufacturer of ultracapacitor-based energy storage, secured equity funding of EUR 41.3 million. And Northvolt, which is on a mission to build the world’s greenest battery, achieved a remarkable USD 2.2 billion of combined fundraising.
Annual Review 2020
To read about many other successes achieved during 2020, please download the report below.