Origami bent on shaping future of energy use after CleanTech pitch win
Cambridge energy technology specialist Origami Energy Limited flew the flag for the UK as the only home-based winner in a global pitch-fest event held by Cambridge CleanTech and the Nordic Innovation Accelerator in London’s Mayfair. It was the first time the event was held in London.
Origami refused to fold against intense global competition from 20 finalists in the new Cleantech Venture Day. It was one of three winners alongside San Diego and Irish peers.
Origami’s solution for smart power usage uses intelligent technology to enable an optimal use of generation, demand and storage.
It can enable the connection of more renewable generation, help balance supply and demand, saving carbon, reducing costs and increasing reliability. The solution will become an integral and critical component of a real-time energy flexibility marketplace, actively balancing cost and performance, the company believes.
CEO Peter Bance, said: “We are delighted to have received the Global Cleantech Cluster Association Award which recognises the significant benefit Origami Energy’s technology brings to the energy industry.
“The venture day has been a fantastic event to allow Origami Energy to showcase our technology platform. The format of the Cleantech Venture Day event provided a great opportunity to both present formally to a room of investors and to network with them on a more informal basis.
“The success of being announced as a top three winner in the Global Cleantech Cluster Association Awards provided a fantastic finale to the event for us.”
CleanTech companies and ‘green’ investors were brought face to face. More than 50 CleanTech innovators applied to pitch and 20 investment ready companies were chosen.
They pitched their innovative product or service for funding to a full room of fund managers, including the IP Group, Adapt Low Carbon Group and Greenbackers; Corporate venture arm managers, including E-on, LafargeHolcim and KVART inc and high net worth individuals.
The pitching sessions were interspersed with keynote presentations from CleanTech sector thought leaders including; Adrian Gault, CEO, Committee for Climate Change, Bernie Bulkin, chairman ID Solar Power and Professor Richard McMahon of Warwick University.
Cambridge Cleantech’s partner in the venture, the Nordic Innovation Accelerator, has successfully staged a similar event in Finland for the last 10 years.
Daniel Zeichner, MP for Cambridge, welcomed delegates from across the globe to the awards ceremony which was a showcase of the very best international CleanTech solutions. Iteros from San Diego and HUB Controls from Ireland shared the glory with Origami Energy.
Cambridge Solar Environmental Solutions, Entomics Biosystems, Meteor Power, Chalmor, Enval, MSFG Technologies, The Cheeky Panda and Pavegen all represented the East of England among the 20 international finalists – almost half the total pitchers.
Martin Garratt, CEO at Cambridge Cleantech said: “We were delighted with the overwhelming response to the Venture Day from both innovators and investors; we had over 50 applications to pitch and we had a capacity, sell-out room full of investors.
“Access to finance clearly remains the number one issue for our CleanTech company members and this new Venture Day provided them with a first-rate opportunity to pitch for funding to a room full of specialist CleanTech sector fund managers, corporate venture fund managers and high net worth individuals; it really was the best place for CleanTech companies and investors to meet.
“Hosting the Global Cleantech Cluster Awards in the UK has also been an honour for Cambridge Cleantech and demonstrates how the cluster based in Cambridge is now spreading to London and other parts of the UK and indeed has global recognition.
“We are particularly delighted that two Cambridge Cleantech member companies, Azuri Technologies last year and Origami Energy this year, secured top three winning slots.”
The event sponsors included the Department for International Trade, Hewitsons, JA Kemp, KPMG and Taylor Wessing.