Italian energy giant Enel has never had a problem with being in the lead. Regarded as a trailblazer, the utility was years ahead of the pack in smart meter deployments, and earlier this year it kicked off an innovative renewable energy storage system.
Now a consortium coordinated by Enel, and co-funded by the European Unions Seventh Framework Programme, will launch a business incubator for clean tech startups with innovative ideas in automation, energy efficiency, renewables, smart grids, security and energy storage.
Grants will be awarded in two rounds of competitions. In addition, winners will receive training support and be put in touch with investors.
The project, referred to as INCENSe (INternet Cleantech ENablers Spark) will make a total of 6 million (about US$7.6 million) available for up to 42 European startups.
The consortium includes Enels Spanish subsidiary Endesa, Scandinavian energy startup Accelerace and Funding Box, a public platform for startups and researchers.
The program also will link to innovations in smart cities, health and other areas.
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