Hitachi Energy Startup Challenge 2024 Awards Pond Biomaterials and Composite Recycling for Sustainability Innovations

The Hitachi Energy Startup Challenge, in collaboration with Sweden-based innovation growth hub SynerLeap, concluded. Two winners among six finalist startup companies were selected after a final workshop at the company´s headquarters in Zurich, Switzerland. The competition challenged startups and scale-ups to develop a sustainable solution idea for the Grid Integration and Transformers’ businesses. Composite Recycling, the startup dedicated to recycling glass fiber reinforced plastics (GFRP) into reclaimed glass fibers and pyrolysis oil, won the challenge for the Transformers Business Unit proposal, “Circular solutions for an aging installed base of transformers at end-of-life,” by presenting a solution that can help Hitachi Energy on its journey to reduce the waste to landfill, facilitating recycling and supporting circularity while being energy efficient. To identify growth opportunities in Glass Fiber Reinforced Plastic (GFRP) Market: Trends, Opportunities and Competitive Analysis [2024-2030], please visit https://www.lucintel.com/glass-fiber-reinforced-plastic-market.aspx