Storelectric and Oak Technical Services win places in the Shell Springboard national final
Two dynamic Lancashire based firms have each been awarded £40,000 by Shell to help develop their innovative low carbon business ideas, winning places in the national final of the prestigious Shell Springboard awards.
Storelectric and Oak Technical Services were named regional winners at the event in Edinburgh, seeing off competition from over 100 other businesses across the UK. The dynamic start-ups impressed the judges with their technologies – Oak Technical Services has developed a high-efficiency engine optimised for use with gaseous fuels such as natural gas or hydrogen, while Storelectric is hoping to solve the problem of renewable energy intermittency with compressed air storage for electricity.
The companies will now take part in the national final in London, going head to head with other regional winners from the Oxford and Manchester heats.
H2AD, part of the Lindhurst Innovation Engineers group, was also named regional runner up at the event in Edinburgh for its new way of treating organic waste to extract high energy biogas.
The Shell Springboard programme is a nationwide search for the next breakthrough in low carbon enterprise, part of a strategy of collaborating externally to fast track solutions to the energy challenge. Since 2005, Shell has awarded £2.58million to 71 companies exploring new ways to cut carbon emissions. Small businesses account for 90 per cent of the UK’s £120 billion low-carbon sector, which is forecast to be worth £4 trillion by 2015*.
Angus Gillespie, Vice President of CO2 at Shell, added “Shell Springboard is a celebration of the small companies that are seizing the twin opportunities of the low carbon sector – addressing the future of energy challenge and contributing to the economic competitiveness of the UK. Storelectric and Oak Technical Services both embody this idea with their innovative technology, and I wish the companies the very best of luck in the national final.”