The TERA-Award smart energy innovation competition, co-organized by Towngas and SPIC, calls for applications to promote zero-carbon technologies. Open until August 31, the competition has garnered entries from multiple countries, including the US, France, Germany, and Canada. The proposals focus on enhancing energy efficiency and the development of novel energy solutions. Daniel Fung Man-kit, Towngas Head of Strategy & Innovation, expressed optimism about the quality and potential impact of the submitted projects on achieving dual carbon goals.
The Hong Kong and China Gas Company Limited (Towngas) and State Power Investment Corporation Limited (SPIC) are launching the TERA-Award, a global innovation competition aiming to address environmental challenges. With a total prize pool of US$1 million, the initiative seeks projects that contribute to China's dual carbon goals of carbon peaking and neutrality by 2060. Applications are open until August 31, 2021, with a briefing session scheduled for June 29, 2021. Experts from various institutions will judge submissions, focusing on advancements in energy supply and innovative technology.