BloombergNEF Names Kairos Power a 2022 BNEF Pioneer for Innovation in Climate Technology

NEW YORK – April 14th, 2022 – BloombergNEF (BNEF) today announced the twelve winners of its 2022 BNEF Pioneers – early-stage companies that are pursuing significant low-carbon opportunities. The winners’ innovations fill important gaps that address the challenges of generating 24/7 clean power, achieving net-negative carbon-capture, and decarbonizing aviation. Additionally, BNEF selected three wildcard winners. Since the inception of the BNEF Pioneers program over a decade ago, cheap, clean technologies such as renewable energy and electric vehicles have seen continuous growth and uptake. Although these technologies have the potential to decarbonize large parts of the world economy, there are still many hurdles to fully achieving net-zero emissions. With this decade being pivotal in reaching long-term decarbonization goals, the Pioneers awards recognize transformative technology solutions that fill some remaining net-zero innovation gaps. This year BNEF called for nominations from companies, non-profits and projects that specifically addressed three climate-tech innovation areas: Providing round-the-clock zero-emissions power Scaling long-term carbon removal technologies Decarbonizing aviation The competition received over 270 applications from 27 different countries. A team of lead analysts at BloombergNEF evaluated candidates against three criteria: the potential impact on greenhouse gas emissions and the planet, the degree of technology innovation and novelty, and the...

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