Malta placed second at an international energy competition last week, when local company FLASC beat off stiff competition to secure one of the top spots in this year’s edition of the international PowerUp! competition for innovative energy start-ups.
FLASC won the runner-up title and a €10,000 prize for their energy storage device that integrates into a floating offshore platform.
They were only beaten by HeatVentors from Hungary – a solution that offers innovative thermal energy storage with phase change materials that can save 90 per cent space and 20-40 per cent energy. HeatVentors was awarded €20,000 and a chance to be invited to the prestigious InnoEnergy Highway® accelerator.
Third place and €5,000 went to VIA ALTA from the Czech Republic, which is a technology for the production of biofuel from biodegradable waste.
The stakes were high as the Highway® accelerator is one of the best programmes in the cleantech sector in Europe.
During the Grand Final in Budapest, 12 start-ups presented their solutions before the jury, investors and media. The finalists were selected from 158 teams from the 24 Central European countries who entered the competition.
These were the winners of regional finals which took place in Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Romania, Bulgaria, Croatia and Greece.