Sheffield-based Pulse Tidal Ltd received the financial boost for its innovative tidal power station design which can be used in shallower waters than its competitors thus opening up many new coastal locations.
Coningsby-based Cress Energy Storage Systems received the financial boost for its energy storage system, designed for use on large vehicles, which captures energy lost when a bus or train brakes or a crane lowers a container. The stored energy is then reapplied during the vehicle’s work cycle.
Professor Patrick Corbett, Head of the Energy Academy at Heriot-Watt University in Edinburgh and head of the judging panel said: “Over the last five years, Shell Springboard has given £1.3 million to thirty five small businesses like Pulse Tidal Ltd and Cress Energy Storage Systems with innovative ideas for tackling climate change. It’s fantastic to see that the UK’s entrepreneurs continue to respond to the challenge of climate change, regardless of the economic climate and we wish both businesses every success in moving forwards.”
The Shell Springboard programme, which has awarded over £1.3 million to 35 UK small businesses since it launched in 2005, this year celebrates its fifth anniversary. The programme encourages a positive business response to the challenge of climate change by providing a no-strings financial boost to ideas for innovative products and services that could help reduce greenhouse gas emissions.
Pulse Tidal Ltd will now compete to be named as the overall UK winner at the Shell Springboard Final in London on 2nd March.