Barocal, a UK company, wins the TERA-Award for smart energy innovation, receiving a $1 million prize for their breakthrough solid-state cooling system using barocaloric materials. The award ceremony was held in Cambridge, UK, with over 100 industry leaders, entrepreneurs, researchers, and investors in attendance. Barocal’s technology eliminates harmful refrigerants and boosts energy efficiency up to three times more than traditional systems. Winners from Australia, China, UK, US, Singapore, and Spain reflect the global impact of TERA-Award, aimed at promoting sustainable air conditioning and refrigeration solutions.

The TERA-Award, hosted by Full Vision Capital, expanded globally for the first time, showcasing innovative startups from 76 countries. The event included an innovation exhibition and a forum exploring clean energy trends and collaboration in the energy transition. With support from Hong Kong Investment Corporation, InvestHK, UK Department for International Trade, and Kerogen CelerateX, TERA-Award highlights the commitment to accelerating deep-tech energy innovations and commercializing zero-carbon solutions.

Read more at GlobeNewswire: Seremoni TERA-Award Keempat digelar di Cambridge