The competition for European scale-ups & start-ups in renewable energy
PYREG is proud to be among the 10 remaining finalists of the New Energy Challenge (NEC). Jointly organized by Rockstart, Shell, Unknown Group and YES!Delft, the New Energy Challenge is open to European and Israeli start-ups and scale-ups. The winning companies will be given the opportunity to connect with investors and experts, unlocking the knowledge, contacts, funding, and support needed to scale their business and help them to drive change in the energy system.
This competition is based on the premise that energy transition is an essential step to becoming sustainable – not only in terms of saving our climate, but also in terms of short- and medium- term economic health. This is where the PYREG business model comes into focus, as we offer renewable energy, through the carbonization of biogenic residues into CO2 capturing biochar (a proven Carbon Dioxide Removal (CDR) solution).
In summary, PYREG NetZero Technology provides solutions for three critical problem areas:
1. The recycling of waste problem (we enable waste-to-value / circular economy projects)
2. The greenhouse gas emissions problem (our Systems remove CO2 via biochar production)
3. The energy dependency problem (our Systems generate clean, renewable energy)
Moreover, PYREG NetZero Technology is aligned with the core objectives of the New Energy Challenge indicated below, as we provide proven, scalable and cost-effective carbonization Systems:
“Carbon capture, storage and utilisation are often considered too costly and inefficient to be used at scale, but scientific and technological innovations are rapidly changing this. By working together to develop and scale affordable and efficient carbon reduction, capture, and utilisation technologies, we can help all industries to meet their climate targets, create more circular economies and keep the planet’s warming within safe limits.” – NEC
Many thanks to the exceedingly professional preparation of the NEC Finals, supported by an outstanding and inspiring mentoring program. From a diverse team of mentors, spanning numerous industry segments, we have received valuable business advice!
Out of all the start-ups and scale-ups that applied earlier this year, the Top 20 entries were selected, based on the quality and potential of their business model, innovative technologies and digital solutions. In November, the ten finalists will pitch face-to-face in front of a selected jury of experts, on November 2nd, at the websummit in Lisbon, “the world’s premier tech conference”. Then, on November 3rd, the jury will select the winners of the New Energy Challenge 2022.