Epicam, an advanced engine developer focused on post-carbon clean power, is one of the businesses announced as a regional winner of the Shell Springboard Awards.
The Cambridge-based firm, which is developing technology to enable the storage and deployment of energy using liquid air, scooped a £40,000 ($56,800) prize fund and is entered into the Shell Springboard National Final. The final will take place in March, when Epicam will compete against two other companies for a further £110,000 ($156,000) award.
It is excellent news that an innovative British company can compete on a platform such as this and gain well-deserved recognition.
Dearman, a fellow clean cold technology corporation, was the first to offer its congratulations to Epicam, with Toby Peters, CEO of Dearman, saying, “Epicam’s progress to the national final of this highly competitive award goes to show that liquid air technologies are gaining ever- greater recognition. It is excellent news that an innovative British company can compete on a platform such as this and gain well-deserved recognition.”
“Liquid air is a truly innovative energy vector, that can not only be used to store and access wrong-time energy, but also to deliver clean power and cooling. It has the potential to be a game-changer and could play a significant role in the future energy mix. We wish Epicam luck in the national finals and with future technology development.”
Shell Springboard provides funding to UK entrepreneurs at the cutting-edge of the low-carbon economy. This year, funding awards of up to £150,000 ($213,000) were given for small enterprises with innovative, commercially viable business ideas that reduce carbon emissions.
Since launching in 2005, the programme has awarded approximately £3m ($4.3m) to 86 separate enterprises.