One of the world’s first hydrogen-centric startup accelerator programs will initially be operated out of Hamburg in Germany.
The global innovation platform Plug and Play Tech Center announced a new initiative focused on hydrogen by launching the H2 Startup Accelerator. Initiating partners are Shell and Electric Power Research Institute (EPRI), along with the founding members City of Hamburg and Phillips 66/JET. The program has been created as a vehicle to foster the necessary dialogue and cooperation to accelerate the development of a hydrogen ecosystem in Europe and beyond.
In the new hydrogen economy, there’s momentum being made worldwide with more and more countries developing national hydrogen strategies and establishing partnerships to collaborate on hydrogen-related projects. It’s clear that collaboration is key for realizing the potential of the hydrogen transition, as building up and to scale its value chain requires coordination amongst policymakers, entrepreneurs, corporations and investors,” said Sallar Faridi, Director of Plug and Play Hamburg.
“Join us in building an ecosystem of change-makers who are interested in shaping an innovative hydrogen ecosystem in Europe and beyond…we will run innovation programs twice a year, connecting the world’s best startups with the most innovative corporations through networking, events, world-class mentoring, and potential for investment.”
Plug and Play is a global innovation platform that aims to build an ecosystem where game-changing startups meet the world’s leading corporations to develop the advancements and technologies of tomorrow.
“We are very pleased that Plug and Play, together with internationally renowned players such as Fraunhofer, EPRI, and Shell, have chosen Hamburg as the location for the new H2 Startup Accelerator. With the target to establish the infrastructure for a green hydrogen economy by 2030, Hamburg is one of the global trailblazers of this cutting-edge technology. Due to the concentrated expertise along the entire value chain and the proximity to some of the most powerful renewable energy regions, Hamburg is the perfect place to develop new business models for sustainably produced hydrogen,” said Michael Westhagemann, Hamburg’s Minister for Economy and Innovation.
The purpose of the program is to connect hydrogen startups from all over the world with corporate partners and other stakeholders to pilot and roll out their technologies. The goal is to create an open innovation and startup ecosystem connecting the northern German and European regions to the global hydrogen economy. The platform will serve as the interface between research, industry, and other institutions and represent a homeport for the inception and development of startups and their technologies.