The signing took place during the opening day of InnoEnergy’s annual innovation event, The Business Booster (TBB), and marks the beginning of a formal cooperation between the two organisations. They will collaborate on a range of regional and international initiatives, including joint industry events and mutual promotion within the parties’ respective networks, which include business start-ups, investors and industry experts.

Dr. Bertrand Piccard, Initiator Chairman of the Solar Impulse Foundation (the sole backer behind the World Alliance), commented: “By bringing together the main actors involved in the fields of clean technologies and sustainability, our goal is to fast-track the implementation of solutions that are profitable to protect the environment. InnoEnergy has a rich network of partners and innovative technologies across Europe’s clean energy ecosystem, which we believe can add significant value to our efforts – and vice versa. This is a truly exciting collaboration that has the potential to accelerate our progress.”

Diego Pavia, CEO of InnoEnergy, added: “InnoEnergy and the World Alliance share a common goal to reduce our environmental impact through innovation. When it comes to turning an idea into a commercial reality there are many moving parts, but by harnessing the combined power of our connections, this collaboration presents a truly win-win situation.

“The backdrop of this signing is particularly apt. With more than 160 clean-tech start-ups, innovations, investors and large energy industry players present, we are already creating the conditions for genuine change.”

Maroš Šefcovic, Vice-President of the European Commission, in charge of the Energy Union, gave an inspirational keynote presentation at TBB before being welcomed as a VIP guest to the signing where he said: “The European Union and the European Commission are very happy to support this, because I believe that what we need for the future is: public support, new legislative framework – which we are putting in place for the accelerators – innovation and new solutions. I am absolutely convinced that the powerful alliance, which was created today, will help us to achieve just that.”