Barocal, a British company, won the Gold Award at the TERA-Award for their innovative solid-state cooling system, receiving a prize of $1 million. The system uses barocaloric materials that undergo temperature changes when pressure is applied, eliminating harmful refrigerants and increasing energy efficiency. The award ceremony took place outside Hong Kong for the first time, with over 100 industry leaders and experts attending. The winners hailed from various countries like Australia, China, the UK, and the US, showcasing the international impact of the TERA-Award. The event also featured presentations on clean energy innovations and forums discussing global trends in energy transition and collaboration. The TERA-Award is supported by various organizations like the Hong Kong Investment Corporation and aims to accelerate deep-tech energy innovations and promote carbon-free solutions.

Read more at GlobeNewswire: TERA-Award voor de vierde maal uitgereikt in Cambridge