Brayfoil wins Green Energy Africa Summit clean energy pitch competition
South African clean energy start-up Brayfoil Technologies has won the Energy Investment Village pitch competition held at the Green Energy Africa (GEA) Summit (https://GreenEnergyAfricaSummit.com/) here this week.
Brayfoil (www.Brayfoil.com) is a company that designs turbine blades that change shape to reduce loads, enabling larger, more efficient, more reliable and affordable devices. The company’s technology has applications in the wind power, aerospace, sailing and automotive industries.
Following the win, the Brayfoil team held several meetings with potential investors on the sidelines of the GEA Summit.
The Energy Investment Village event saw 10 clean energy start-ups pitch their business ideas to an audience of potential investors, delegates and Summit Supporting Partner judges.
The Energy Investment Village is a joint venture between Saldanha Bay Innovation Campus, the Research Institute for Innovation and Sustainability (RIIS) and the GEA Summit. The initiative aims to directly help South African companies access international financing for project development.
International investors holding collective assets of $100 billion were invited to attend the pitch session. Several conversations between start-ups and investors have been initiated and will continue after the event.
Brayfoil Technologies won a cash prize of R20,000 from the FNB, a one-year business membership of the Africa Scotland Business Network (ASBN) and a half-day workshop on branding and ASBN marketing.
Two more prizes will be awarded by Sasol and the JSE after the two companies review the finalists. The prizes are placement in the JSE Enterprise Accelerator 2024 program and enrollment in the Sasol Enterprise Supplier Development Program worth R100,000.
A panel of eight judges judged the startup submissions considering aspects such as innovation and business merit, among other criteria.
The judging panel included Wesgro’s senior technology portfolio manager Eimear Costigan; Grace Nndwammbi, Sasol Senior Vice President, Business Services; Phinda Vilakazi, Sasol Senior Vice President, Commercial Energy Solutions; David Sekgororwana, director of business development at IDC; Cleola Kunene, Head of CX and Strategic Initiatives Incubation at JSE; Samuel Mokorosi, Head of Origination and Transactions at JSE; Senisha Moonsamy, TIA Innovation and Business Skills Development Manager; and the president of the Engineers’ Club, Gijsbert Bakker.
The other Investment Village finalists were:
- Keren Energy, first producer of green hydrogen in South Africa
- Atlanthia, producers of green hydrogen and green ammonia
- Hydrofuels, producers of a gasification solution for plasma waste
- Oceanergy, developers of a Kite Fuel Ship technology
- SeaH4, producers of carbon-neutral algae-based biofuels
- SlideLuvre, developers of a smart two-in-one solar tracking solution for solar energy efficiency
- Impact-Free Water, developers of a pump that uses wave energy to pressurize and pump seawater for desalination and power
- Zimi Charge, developers of electric fleet charging via a single application
- Meta Technologies, manufacturers of an air quality monitor
“The Energy Investment Village is a first for the Green Energy Africa Summit,” said Paul Sinclair, Vice President for Energy, Africa Oil Week and GEA Summit. “This exciting addition to the live pitching program exceeded our expectations by giving innovative and clean energy start-ups exposure to potential investors and facilitating conversations that will continue well beyond the Summit. We fully plan to hold the event again next year.
The Energy Investment Village is a partnership with the Saldanha Bay Innovation Campus (SBIC), an initiative of the Freeport Saldanha Development Zone, and the consulting firm the Research Institute for Innovation and Sustainability (RIIS).
“The Energy Investment Village showcases real energy projects and new technologies in South Africa,” said Belinda Williams, Head of Southern Africa, Hyve Group. “The interest and attendance at the event demonstrated the enthusiasm for business and social development that the African continent so badly needs. We look forward to enhancing this initiative next year.
Distributed by APO Group for the Green Energy Africa Summit.
Group Account Director, AOW at Ogilvy PR South Africa
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Vice President of Energy and Director of Government Relations, Africa Oil Week and Green Energy Summit Africa
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About Africa Oil Week and Green Energy Africa Summit:
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