EU and EBRD back 10 Ukrainian clean energy projects

Just four months after six Ukrainian ecotech companies received Climate Innovation Vouchers (CIVs) worth €160,000, another ten local businesses were chosen recipients of CIVs as part of the second stage of the CIV project.

Worth €400,000 in total, the vouchers were offered by the EBRD and Greencubator, a local non profit which promotes green entrepreneurship in Ukraine, on January 16.

The ten beneficiaries included:

  • Auto Enterprise — for its high-speed electric car charger
  • DS Electronics — for its certification of a smart temperature controller
  • Ecoprod — for its microbiological additives which allow increasing the efficiency of a biogas unit
  • Zond — for its device to measure calorific value of natural gas
  • Prana — for its next-gen cloud-powered decentralized heat recovery ventilation system
  • Rotor-Sumy — for its micro cogeneration unit developed basing on a Stirling engine
  • SolarGaps — for its automation software for smart window blinds with solar panels
  • Toka — for its certification of smart charging stations for e-cars with internetwork connection
  • Chervona Hvilya — for its software for 3D metal printing
  • Yunasko — for its improvement of the production technology of electrodes for supercapacitors with the use of water as a solvent

These companies come from six Ukrainian cities: Kyiv (Kiev), Kharkiv (Kharkov), Lviv (Lvov), Ivano-Frankivsk, Sumy and Volnovakha.

The CIV project was initiated by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme, which is financed by the EU Neighbourhood Investment Facility (NIF).

Ukraine has become the first of the EBRD’s countries of operations to benefit from the CIVs, where the project is implemented by Greencubator.

It is expected that the CIV program, with a total budget of €1 million, will support around 50 innovative projects in Ukraine until the end of 2018. A little motre than half of that amount has been allocated so far.

Vouchers for individual projects may range from €20,000 to €50,000 depending on their innovativeness, complexity and potential benefit. Further recipients will be identified via three more rounds of the competitive selection process.

Source: Greencubator


Topics: Energy tech, Finance, International, News, Startups
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