£120,000 awarded to three low carbon firms

£120,000 awarded to three low carbon firms

Euan Hogg of Water Engine Technologies, Christopher Rayner of C-Capture, and David Coulson of Innova have been named regional winners of the Shell Springboard awards, winning £40,000 each.

The companies will now go head-to-head with other regional winners from Cambridge at the national final in London on 23 March. The overall national winner will secure a further £110,000, taking the total amount awarded to £150,000.

Shell Springboard aims to find and support the next breakthrough low-carbon enterprises in the UK. It’s part of Shell’s strategy to support the transition to a lower carbon-higher energy system, while helping to create jobs and growth among UK small businesses.

Since 2005, the Shell Springboard programme has awarded £3.15 million to 98 low-carbon entrepreneurs, who have gone-on to create over 250 new jobs and have an annual combined turnover of £60 million.

Euan Hogg of Water Engine Technologies, a technology that harnesses the benefits of low head hydro power, developed primarily to take advantage of river water said: "Water Engine Technologies is delighted to be announced as one of the regional winners of the 2016 Shell Springboard award. 

"The achievement is made even more special due to the high calibre of the other finalists involved. To gain the recognition from such a prestigious programme is a massive boost to the team and a great start to 2016".

Christopher Rayner of C-Capture who have developed new technology for separation of CO2 from gas streams, to reduce emissions said: "The award is a fantastic recognition of the progress the company has made in recent years.

"We are thankful to Shell Springboard for the funding which will be very important on helping the company develop its business strategy in coming years."

David Coulson of Innova who are proposing to commercialize the previously tested and proven FlettnerFlow said: "We are very pleased to have received the Shell Springboard award. The process has been rigorous and extremely constructive - the comments of the panel have been incorporated into our future strategy."

Erik Bonino, Chairman of Shell UK, said: “We’re proud that Shell Springboard supports businesses like of Water Engine Technologies, C-Capture and Innova who are truly at the leading-edge of the low-carbon economy.

"The big ideas coming out of these small companies are not only helping to create a lower carbon, higher energy future – they are creating a new wave of jobs and economic growth in the UK.”