Energy storage tech firm EQONIC selected for UK innovations scale-up scheme
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EQONIC CEO Jas Kandola: 'Smart energy storage is the future of all domestic and commercial energy needs.' Main image: Pexels
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British energy storage technology company EQONIC has secured the backing of one of the UK’s top innovation schemes to help expand its business.
EQONIC, whose portfolio includes residential lithium iron phosphate battery energy storage systems, has been selected to join the Innovate UK EDGE Scale-Up programme.
Only 100 firms were invited to join the round – and they will now receive specialist support to boost their growth.
Founder and CEO of EQONIC, Jas Kandola, said: "Smart energy storage is the future of all domestic and commercial energy needs, allowing everyone to create and store their own carbon-free energy for use when needed, with no need for gas, oil or coal.”
"We are proud to have been accepted onto this esteemed programme and look forward to working closely with the team at Innovate UK EDGE to enable further growth for us in the UK and abroad.”
Only around 3% of the businesses that entered were successfully chosen following a three-stage screening process.
Maxine Adam, head of business growth at Innovate UK, said admission to the programme followed "a rigorous and highly selective process”.
"To be eligible, selectors look for innovative, ambitious, high-growth oriented companies that are already on their scaling journey,” Adam said.
"EQONIC is a perfect candidate in this respect and we are looking forward to helping it scale up, drive growth, and realise its potential as a high-performing and world leading business.”
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EQONIC, whose portfolio includes residential lithium iron phosphate battery energy storage systems, has been selected to join the Innovate UK EDGE Scale-Up programme.
Only 100 firms were invited to join the round – and they will now receive specialist support to boost their growth.
'Smart storage'
Founder and CEO of EQONIC, Jas Kandola, said: "Smart energy storage is the future of all domestic and commercial energy needs, allowing everyone to create and store their own carbon-free energy for use when needed, with no need for gas, oil or coal.”
"We are proud to have been accepted onto this esteemed programme and look forward to working closely with the team at Innovate UK EDGE to enable further growth for us in the UK and abroad.”
Only around 3% of the businesses that entered were successfully chosen following a three-stage screening process.
'Ambitious'
Maxine Adam, head of business growth at Innovate UK, said admission to the programme followed "a rigorous and highly selective process”.
"To be eligible, selectors look for innovative, ambitious, high-growth oriented companies that are already on their scaling journey,” Adam said.
"EQONIC is a perfect candidate in this respect and we are looking forward to helping it scale up, drive growth, and realise its potential as a high-performing and world leading business.”
Related articles in our archive