The newly founded Cleantech Scaleup Coalition consists of European companies that want to advance the decarbonization of the economy with their products and services. Electrochaea Munich-based company, for example, uses its power-to-gas plants to produce renewable, climate-neutral methane of gas grid quality. The company uses CO2 and green hydrogen to replace fossil natural gas. This makes it possible to significantly reduce greenhouse gas emissions while also safeguarding investments in the existing gas distribution and storage infrastructure.
In addition to Electrochaea, seven other scaleups are part of the coalition:
- Ecocem from Ireland develops low-carbon solutions for the cement and construction industries;
- Enapter from Italy develops electrolyzers for the production of green hydrogen;
- H2 Green Steel from Sweden produces CO2-neutral steel using hydrogen;
- Hydrovolt from Norway recycles batteries from electric vehicles;
- Plastic Energy based in the UK is working on a circular economy for plastics;
- Sunfire from Dresden produces electrolyzers for the production of green hydrogen and gas;
- Volta Trucks from Sweden develops electrically powered trucks.
The Cleantech Scaleup Coalition aims to usher in a new era of climate and industrial leadership for Europe. It recognizes that Europe has already developed most of the technologies needed to achieve net zero carbon emissions. However, scaling and industrializing these technologies still poses challenges.
EU Commissioner Simson: “We must rapidly expand innovative technologies”
Kadri Simson, EU Commissioner for Energy, praises the initiative:
"Europe is facing an energy crisis and the threat of climate change. The solution must be a clean energy transition. We need to rapidly scale up innovative technologies, and this new coalition of clean technology leaders will help us achieve this goal."
The Commissioner added via Twitter:
"On Sunday, I had the privilege of joining Bill Gates to support the launch of a new coalition of European cleantech scaleups working together to accelerate the industrialization and deployment of clean technologies. Thank you for the invitation, and good luck!"
Support of Bill Gates' Breakthrough Energy Initiative
Further support for the initiative comes from Breakthrough Energy, an umbrella organization founded by Bill Gates to promote innovations in the field of sustainable energy. Ann Mettler, Vice President of Breakthrough Energy Europe, says:
"This new coalition of sustainable leaders embodies the spirit of European entrepreneurship. If we create the conditions for their success, the EU can become the climate and industrial leader of the coming decades."
In addition, the work of the Cleantech Scaleup Coalition is supported by Cleantech for Europe, an initiative that aims to bridge the gap between cleantech and policymakers. Its Managing Director Jules Besnainou explained:
"Scaling and deploying clean technologies will bring Europe not only climate neutrality, but also energy autonomy and industrial leadership. This new coalition will be the voice of the next generation of industry."
