Digital solutions for circularity and magnetic materials triumph at German start-up awards

Image credit: ©Copyright: photothek/Ute Grabowsky

The winners of the Start Up Energy Transition (SET) Awards 2024 were announced on 20 March in Berlin. An internationally renowned jury had previously nominated 15 start-ups – deemed to possess the most innovative business models for energy transition and climate protection – from over 430 applications. The contest is administed by the German Energy Agency (dena).

Pioneering start-ups were honoured with the award in five different categories: “Clean Energy & Storage”, “Mobility & Transport”, “Industry”, “Buildings & Construction” and “Quality Energy Access & SDG-7”.  The award ceremony was attended by international start-ups, investors and prominent guests from business and politics.

Corinna Enders of dena spoke about the ethos and significance of the award: “The SET Award not only honours outstanding innovations, it is also an important driver of energy transition. By recognizing and supporting promising start-ups, we are sending a strong signal for the urgently needed transformation of our energy system. This award not only encourages the winners, but also inspires the entire industry to develop and promote innovative solutions to build a sustainable future together. Congratulations to all start-ups on their success”.

Winners of the SET Award 2024

The five winning start-ups will each receive €10,000 in prize money for their company. This year’s winners are listed below.

Category: Clean Energy & Storage

Cling Systems, Sweden,
Cling is developing a digital infrastructure and a global service network to accelerate the circular economy. Its Circular Asset Management System (CAM system) provides solutions for the entire value chain, including trade, traceability and transport.

Category: Mobility & Transportation

Roam, Kenya,
Roam electrifies motorbikes and buses, focussing on the East African market. The start-up is striving for a future in which all Africans have access to a sustainable, non-fragmented public transport system.

Category: Industry

Magnotherm, Germany,
Magnotherm technology is based on solid magnetocaloric materials, magnets and water, and has the potential to revolutionise cooling worldwide. It increases efficiency by up to 40 per cent and completely eliminates refrigerant gases, thereby avoiding direct greenhouse gas emissions.

Category: Buildings & Construction

SolCold, Israel,
SolCold is developing a sustainable, self-cooling coating that utilises sunlight to reduce the interior temperature of buildings or vehicles without consuming electricity.

Category: Quality Energy Access & SDG-7

VIDA, Germany,
VIDA is a map-based geodata software that contributes to achieving the SDGs, in particular SDG 7. It enables users to channel investments, assess sites and monitor impacts in order to implement solar energy solutions.