Dubai launches $1mn free electrons programme
The programme provides 12 international start-ups with the opportunity to explore and develop innovative solutions in energy through accelerators
Dubai Electricity and Water Authority (DEWA) has started the Free Electrons programme, a global energy accelerators programme that provides an integrated framework to promote international cooperation and support innovation, to identify solutions to meet future global energy needs.
The programme sets the framework for the cooperation between eight leading global utilities and twenty five of the largest clean energy accelerators in the world. This is expected to support DEWA’s commitment to transform Dubai into an international pioneering hub for identifying and shaping future trends in UAE’s global contribution to innovation in clean energy.
Free Electrons, which has a budget of $1mn, is significant as it has a unique framework to support the next generation of energy entrepreneurs. The programme provides 12 international start-ups with the opportunity to explore and develop innovative solutions in energy through accelerators.
The programme also connects the world’s most prominent energy start-ups with leading international utilities, in cooperation with three of the largest accelerators from San Francisco, USA.
This allows the start-ups to cooperate with the largest clean energy business accelerators in the world, benefitting from best practices of the USA, Europe, Asia, and Australia.
The Free Electrons programme was launched based on a framework that outlines cooperation amongst an international coalition of leading organisations. These include DEWA from the UAE, AusNet from Australia, ESB from Ireland, EDP from Portugal, innogy from the European Union, Origin from Australia, Singapore Power, and TEPCO from Japan.
Free Electrons will be moderated by New Energy and Nexus, and funded by the California Clean Energy Fund, and Swissnex from San Francisco, in cooperation with three of the most prominent accelerators from San Francisco. These include Energy Excelerator, Powerhouse, and Beta-i. The programme is scheduled to run over nine months, and will include three intensive workshops in four separate countries, that each run for over a week.
Workshops will take place in Silicon Valley in the USA, Europe, Asia, and Australia. The programme focuses on fundamentals such as tools and methods for innovation, funding strategies, business growth, leadership, and organisational development.
“The global energy accelerators programme is prominent because it connects the world’s most promising energy start-ups with leading utilities around the world,” said Saeed Mohammed Al Tayer, MD & CEO of DEWA. “It represents the positive cooperation between leading international organisations in energy, in partnership with three leading accelerators from San Francisco, USA.”