PR91027

SINGAPORE, Aug. 5, 2021 /PRNewswire=KYODO JBN/ --

-A premier Asian annual competition to serve as a platform for clean-energy

start-up ecosystem players to share innovations and transform the energy

ecosystem for the future

To support and accelerate energy transition, Sustainable Energy Association of

Singapore (SEAS)[https://www.seas.org.sg/], will be staging its fourth PowerACE

start-up pitching competition as part of Asia Clean Energy Summit

[https://www.asiacleanenergysummit.com/](ACES). PowerACE provides a platform

for players in the clean-energy start-up space to showcase solutions and build

a more robust energy ecosystem in Singapore.

According to the International Energy Agency (IEA), the annual capital spending

on clean energy in these economies needs to expand by more than seven times, to

above USD 1 trillion, in order to put the world on track to reach net-zero

emissions by 2050.

From now until 13 August 2021, energy start-ups and young companies supporting

the energy sector can submit their application for PowerACE

2021[https://www.seas.org.sg/powerace/powerace-2021]. This will give promising

new energy companies exposure and opportunities to pitch and exhibit their

innovations at the ACES 2021[https://www.asiacleanenergysummit.com/] - Asia's

leading clean energy event, as part of the bigger goal to propel the

sustainable development of clean energy in Singapore and the region.

"PowerACE competition has contributed to the growth of clean energy start-ups

by providing a platform to showcase them to investors, large corporations as

well as R&D institutions. The growth of these start-ups will contribute to the

ambition of net zero emissions by 2050," said Kavita Gandhi, Executive

Director, SEAS.

Eligible clean energy start-ups who have been registered for up to seven years

and have received up to S$5 million in funding are welcomed to apply. The top

12 finalists will get to pitch and display their solutions at ACES 2021.

Shortlisted start-ups will be provided mentorship by industry professionals to

help refine their business models and pitches. Winning pitch stand to win over

$100,000 worth of prizes from our sponsors, EcoLabs Centre of Innovation for

Energy, Private Financing Advisory Network (PFAN) and BloombergNEF (BNEF).

Interested participants may apply to participate in PowerACE 2021 here[

https://docs.google.com/forms/d/e/1FAIpQLSftNEvS9rPMq1onYbm_GjH-kpk22yIlVonFqX6Ue7N_EYL1dQ/viewform?usp=sf_link].

Media Contact

Whitney Tan

whitney@seas.org.sg

+65-6338 8578

SOURCE Sustainable Energy Association of Singapore (SEAS)

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   Caption: PowerACE 2021 start-up pitching competition registration is now open!