Sure! Here’s the translation into American English:
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The TERA Award edition has reached a historic milestone by receiving 785 applications from 76 countries, marking the highest number in its four-year history. This competition, which rewards innovations in renewable energy, hydrogen, and smart systems, has one million dollars available this year to promote solutions for the energy transition of the future.
The proposals span six categories, with a special focus on renewable energy, highlighting ideas related to green fuels and hydrogen technology. Participants aim to address current energy challenges by presenting innovative initiatives.
Alan Chan, executive chairman of the organizing committee, stated that this increase in participation confirms the growing global attention towards energy innovation. Preliminary data shows that the United States leads in the number of applications, followed by the United Kingdom and India, with significant representation from mainland China and Hong Kong.
The TERA Award is not limited to providing monetary prizes; its history includes transforming ideas into commercial realities. Recent examples like i2Cool, which has closed its Series A funding round, demonstrate the impact the award has on the development of real energy solutions. Additionally, Luquos Energy has expanded its sulfur flow battery system, backed by Towngas, currently in demonstration phase in Shenzhen.
The evaluation of proposals will be led by Professor Cui Yi, a prominent materials scientist from Stanford University, who will assess the initiatives based on their innovation, commercial viability, and scalability. Winners will be announced in July 2025, but many participants believe that the value of the TERA Award lies in access to industry leaders and strategic partners, resources that often outweigh the significance of monetary awards.
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via: MiMub in Spanish
