EDP has just launched the second module of Energy Starter 2022, a collaborative innovation program created with the mission of introducing fast-growing startups and technology companies (scaleups) to EDP experts from around the world. This program, which already had its first phase focused on the Energy Networks of the Future in May, aims to accelerate the development of innovative solutions for renewable energies and green hydrogen, which contribute to the energy transition at a global level. Applications for startups are open until September 30.
Over the six editions already carried out, more than 150 startups participated in Energy Starter, having carried out more than 80 deals (pilots, rollouts and investments). In the last edition, the program received more than 700 applications.
Developing and finding innovative solutions for the energy sector has been a pillar of the EDP group, which, by 2025, intends to invest one billion euros in innovation. EDP has teams dedicated to Startup Engagement and Ventures in some of its main markets and is dedicated to the development of Open Innovation, with dozens of startups, academic partners, among others being part of its innovation ecosystem.
In the second phase of this edition, projects with innovative solutions that can be applied to different renewable energies, technologies in which EDP is a global leader, with around 20GW installed and with the aim of doubling that capacity by 2025, can be registered. Startups can also present solutions that contribute to the development of green hydrogen, a fast-growing technology where EDP has also positioned itself, with the development of projects in its main geographies. In this area, EDP intends to invest in projects that guarantee another 1.5 GW of capacity by 2030.
Through a three-phase approach, the seventh edition of Energy Starter focuses on three key areas in the energy transition landscape. The first module focused on the Energy Networks of the Future and aimed to leverage the infrastructure of energy distribution networks with innovative solutions. In 2023, the third and final module of this edition will be held, which will focus on Customer Solutions that can help your decarbonization process.
Applications for this second phase can be submitted until September 30, on the program's website. After the evaluation process, those selected will participate in a bootcamp in Houston, United States, where, together with experts from EDP and EDP Renováveis, they will be able to develop their ideas and work on pilot projects. At this stage, they will also have access to a wide range of mentors and experts who will help them develop their businesses. At the end of this edition of Energy Starter, startups will have the opportunity to test their solution in the energy sector, in partnership with EDP, in the different geographies where the group is present.