The Smart Grid Innovation Hub has announced a €10,000 competition to find the most promising start-up smart grid solution or service.
A smart grid is an electricity network which facilitates the large-scale integration of renewable energy; utilises the electricity infrastructure efficiently through the optimal use of ICT; and seamlessly integrates the actions of all users connected to the network to deliver sustainable, economic and secure electricity supplies.
The Smart Grid Innovation Hub is a collaborative initiative by EirGrid Group and NDRC to promote the development of innovative Smart Grid solutions, with a focus on entrepreneurial initiatives by companies, academics and entrepreneurs in Ireland and Northern Ireland.
This competition is open to any Island of Ireland start-up with a smart grid solution or service which has been in operation for less than three years and has received under €1 million in funding.
Entrants will be judged on the originality of the idea, the ability to address current and future electricity system challenges and the market opportunity and business case. Four short-listed entrants will pitch their ideas to a judging panel of industry professionals and experts in front of an audience at this year’s Energy Show on 12 March at the RDS in Dublin.
Closing date for applications is 21 February.
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