South African clean energy startup Brayfoil Technologies won the Energy Investment Village pitch competition held during the Green Energy Africa (GEA) summit (https://GreenEnergyAfricaSummit.com/) here this week.
Brayfoil (www.Brayfoil.com) is a company that designs turbine blades that change shape to reduce loads, allowing for larger, more efficient, more reliable and more affordable devices.
The company’s technology has applications in the wind energy, aerospace, marine and automotive sectors.
Following the victory, the Brayfoil team organized several meetings with potential investors on the sidelines of the GEA summit.
The Energy Investment Village event saw 10 clean energy startups pitch their business ideas to an audience of potential investors, delegates and supporting partner judges at the Summit.
Energy Investment Village is a joint venture between the Saldanha Bay Innovation Campus, the Research Institution for Innovation and Sustainability (RIIS), and the GEA Summit.
The initiative aims to directly support South African companies to access international financing for project development.
International investors with collective assets of $100 billion were invited to attend the launch session.
Several conversations between start-ups and investors were started and will continue after the event.
Sasol and JSE will award another two prizes after both companies have reviewed the finalists.
The prizes are a placement in the JSE 2024 Business Accelerator Program and enrollment in the Sasol Business Supplier Development Program worth R100,000.
An eight-judge panel awarded the start-up proposals considering aspects such as innovation and entrepreneurial merit, among other criteria.
The judging panel included Wesgro Senior Portfolio Manager, Eimear Costigan Technology; Grace Nndwammbi, Senior Vice President of Business Services at Sasol; Phinda Vilakazi, Senior Vice President, Commercial Power Solutions, Sasol; IDC Business Development Executive David Sekgororwana; the head of CX and incubation of strategic initiatives of JSE, Cleola Kunene; JSE’s head of origination and business, Samuel Mokorosi; TIA Head of Enterprise and Innovation Skills Development Senisha Moonsamy; and the president of the Engineers Club, Gijsbert Bakker.
The other finalists in the investment village were: Keren Energy, the first green hydrogen producer in South Africa Atlanthia, producers of green hydrogen and green ammonia Hydrofuels, producers of a plasma waste gasification solution Oceanergy, developers of a Kite Fuel technology Ship SeaH4, producers of carbon-neutral biofuels from algae SlideLuvre, developers of a smart, two-in-one solar tracking solution for Impact-Free Water solar energy efficiency, developers of a pump that uses the energy of waves to pressurize and pump seawater for desalination and electric power Zimi Charge, developers of charging electric fleets through a single application Meta Technologies, producers of an air quality monitor Cumbre GEA.
“This exciting live presentation addition to the program exceeded our expectations by giving innovative clean energy startups exposure to potential investors and facilitating conversations that will continue well beyond the Summit.
We fully anticipate hosting the event again next year.”
Energy Investment Village is a partnership with the Saldanha Bay Innovation Campus (SBIC), an initiative of the Freeport Saldanha Development Zone, and the advisory firm of the Research Institute for Innovation and Sustainability (RIIS) “The Energy Investment Village showcases real projects and new energy technology in SA,” said Belinda Williams, South Africa Director, Hyve Group.
“The interest and attendance at the event highlighted the enthusiasm for business and social development that is sorely needed on the African continent.
We look forward to enhancing this initiative next year.”