InnoEnergy, Europe’s sustainable energy engine supported by the EIT, launched its inaugural impact report at The Business Booster (TBB) in Copenhagen.
The report reveals that InnoEnergy’s work supporting energy start-ups is having a direct impact on Europe’s clean energy transition, with its start-ups having created 1,741 jobs across Europe and brought energy access to 56,000 people in developing countries since 2011.
Other key findings revealed in the report include that InnoEnergy´s assets will generate 1,147 GWh of power from clean energy sources, save €809.5m in energy costs and reduce carbon emissions by a total of 5.5m tons over 25 years, the equivalent to removing 47,000 cars from the road.
Recent start-up success stories from the report include the Swedish wave power technology company CorPower Ocean, which has developed and tested a technology to turn waves into electricity with the aid of buoys.
“It is amazing to see the impact we are achieving together and to cement our position as the trusted innovation partner – guiding businesses on their journeys,” said Elena Bou, Innovation Director at InnoEnergy. “Our 200 start-ups have brought innovative technologies to life that are meeting the energy challenges of our changing society. Whether it is by reducing greenhouse emissions or creating jobs, these companies are creating a noticeable impact on the way Europe thinks about, develops and uses sustainable energy.”