With NESTA estimating that Britain’s green economy will exceed £46bn in market size by 2013, we at Real Business like to hear about small entrepreneurial companies with big ideas.
Three such companies have been awarded £40,000 each for their innovative inventions at the Shell Springboard regional final in Manchester, held this week:
•Blackpool’s Global Energy Systems & Technology received the award for its range of heat pumps, which use air from the earth as their main source of energy for hot water and central heating. Their Eco-Air boiler offers consumers 500 per cent efficiency, meaning that for every kilowatt of electricity purchased, the boiler generates five.
•HiMag Solutions, from Stroud, received the boost for its Planar Transformer, a more efficient, smaller and lighter electric transformer, which operates at 99 per cent electrical efficiency, rather than the 85 per cent achieved by a conventional transformer.
•Birmingham-based Aeristech won thanks to its Hybrid Turbocharger, which can store waste energy from car exhausts and use it to power the car’s activity, potentially saving 25 per cent of the energy of a conventional petrol engine.
“It’s fantastic to see UK entrepreneurs continue to respond to the challenge of climate change regardless of the economic climate, and we wish the three winning businesses every success in moving forward,” says Nimai Swaroop of Shell.
“We really believe our product can make a difference in the fight against climate change, and it’s incredibly rewarding that such as well-established programme as Shell Springboard has also recognised its potential,” adds David Smalley of Global Energy Systems & Technology.
Since launching five years ago, the Shell Springboard programme has awarded over £1.3m to 35 UK small businesses.
HiMag Solutions and Aeristech will now compete to be named as the overall UK winner in London on March 2 – best of luck to both!
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