Renewable energy company Sunly and Estonian green innovation support organization Cleantech ForEst signed a collaboration agreement which also marks the beginning of establishing a new center for cleantech and energy technologies startups. Named Port of Power (PoP), the hub draws together companies from the relevant areas offering investments and access to regional and international network.
Cleantech ForEst CEO Erki Ani marked that as the economical and social development in society is put to test it is essential to examine the climate related problems in a systematic way in order to sustain and create a livable society for the future. These problems need to be answered as well in a systematic approach by supporting cleantech solutions. „We have been active in Estonia for many years with the goal of commercializing new innovative products and services that enable phasing out old and often ineffective technologies. Cooperation with Sunly will certainly be fruitful and thriving for the sector. We are very glad to see that hardware related cleantech startups are starting to receive more attention, as well as support,“ Ani said.
According to Priit Lepasepp, CEO at Sunly, the collaboration hopefully marks the beginning of a long term cooperation with the aim of growing local cleantech and renewable energy startup community. „Sunly is the sole investor in Estonia that focuses on cleantech hardware investments, seeking investment opportunities in Estonia but also internationally. Therefore we are developing the community and the co-working center in the Pirita harbor in Tallinn called Port of Power,“ said Lepasepp. He added that offering physical space, technology mentorship, marketing as well as investments, Sunly will certainly be a strong partner for Cleantech ForEst.
Cleantech ForEstis a non-profit organization with the mission to accelerate cleantechinnovation, support development in green technologies and startups in Estonia. The organization was established in 2016 since when hundreds of startups have been helped off the ground and funded via partnership with Climate-KIC. Cleantech ForEst is the developer of Estonian sustainable entrepreneurship network for green technologies.