Amazon Web Services (AWS) has announced the launch and call for applications for the Clean Energy Accelerator 3.0, a high-pace, non-equity dilutive accelerator designed to facilitate partnerships with mature startups developing breakthrough clean energy technologies.
The International Energy Agency has determined that 40% of the CO2 reductions required to move the world to net-zero emissions by 2050 rely on technologies not yet commercially implemented on a large scale. This is especially crucial to achieving ambitious climate goals such as the UAE Net Zero by 2050 plan. While the energy sector has made strides in developing clean energy technologies, there is still a long way to go before the world can realise its decarbonisation objectives. The AWS Clean Energy Accelerator 3.0 is focused on the requirements of mature entrepreneurs from across the world and is aimed to stimulate co-innovation through energy collaborations.
About the programme
The programme will consist of 12 weeks of virtual and in-person training beginning in Seattle in the second quarter of 2023. Its reach and breadth will be increased with the addition of two additional cohorts and international exchange sprints to create tech innovation centres throughout the world, including one in the UAE in collaboration with Masdar City.
Energy, digital competencies, investment, public policy, innovation, and cutting-edge research are just some of the themes that will be covered by industry and thought leaders as they guide companies through the program. While AWS will offer direction on how to speed up experimentation, broaden automation, and give in-depth insights by using the cloud, leading energy corporations will collaborate with chosen startups to solve sustainable energy and decarbonisation problems.
What's on offer
The selected finalists will get technical, business, and go-to-market mentoring from AWS, as well as up to $100,000 in AWS Credit through AWS Activate to jumpstart their cloud-based data and operations transformation.
The selected businesses will receive assistance on how to use Amazon's Culture of Innovation and Working Backwards approach to establish solution alignment and speed trials. Supporting partners will also provide exposure and general help to the finalists. The program will finish with an Innovation Showcase during the United Nations Climate Change Conference (COP 28) in Dubai in November 2023.