Sustainability innovators partner with Bord na Móna Accelerate Green

Sustainabilty accelerator will see €5m investment over three years

Trade

Lisa O’Riordan and Dr Mary O’Riordan, HaPPE Earth

Bord na Móna has revealed the eight companies selected for the second year of Accelerate Green. The participating companies are NanobOx, Hibra Design, HaPPE Earth, Hub360, Superfy, Trinity Green Energy, EC Charging and CW Applied Technology. The current cohort of businesses employ over 70 people with turnover of more than €5 million.

Bord na Mona has also committed to a further €5 million investment in the Accelerate Green Programme over the next three years which will support more than 50 companies to scale up. A significant 15% of this will be invested in targeting new companies to apply to Accelerate Green with a particular emphasis on identifying Midlands based companies.

Tom Donnellan, CEO of Bord na Mona, said: “At Bord na Mona we understand the role mentorship and partnership will play in achieving the vision of a climate neutral Ireland by 2050. Of the 17 companies who have already come through Accelerate Green, we have established a working partnership with six companies and facilitated ten to scale up, secure more funding, diversify their business and provide more climate focussed roles in the Midlands.

This new cohort of companies just beginning the programme represent the critical pipeline of potential new enterprises operating in the sustainability space or looking to transition to become a climate solutions company, a journey we have been on ourselves since 2018. We are committed to sharing our knowledge with these enterprises as they progress through the Accelerate Green programme, collaborating to ensure the organisations can scale up and become leaders in their own right with the support of Bord na Móna.”

Accelerate Green will be located at Bord na Móna’s existing office complex in Boora, Co Offaly. It has been developed in in conjunction with Irish innovation advisory firm Resolve Partners and ERINN Innovation.

More than 90 per cent of Bord na Mona investment in the last financial year was in areas the EU would class as “environmentally sustainable”, including renewable energy, land use change and the circular economy. Accelerate Green is central to the company’s commitment to the European Green Deal.

This work is supported with partial funding through the Bord na Mona led European Commission funded LIFE Integrated Project ‘Peatlands & People,’ an initiative that aims to support the realisation of a carbon-neutral, climate resistant and environmentally sustainable country.

TechCentral Reporters

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