Barclays has relaunched its Cambridge Eagle Lab with an apparently new deal with changing into a centre of excellence for local weather tech start-ups.
The group says it desires to assist excessive development local weather tech startups to attach, develop and scale.
The Worldwide Power Company has estimated that 35 per cent of emission reductions wanted by 2050 will come from new applied sciences presently not in the marketplace1. Help for brand new companies is subsequently very important, and local weather tech companies can even become involved in quite a lot of devoted pre-seed and bridge programmes, run by Barclays and main business companions:
- Carbon 13 Enterprise Launchpad: a digital 20-week digital programme to assist pre-seed and early-stage companies launch scalable options to local weather associated points.
- Bridge programmes: A sequence of business bridge programmes, in collaboration with Codebase, designed to attach main companies with startups to share data and strategic considering:
- Rise Begin-Up Academy: a 10-week digital-first programme to equip early-stage founders with abilities and instruments to assist them get match for market. A devoted Local weather FinTech version will launch later this yr to help firms growing thrilling options to assist the world transition to web zero.
A retrofit to scale back carbon footprintAs a part of Barclays’ declared ambition to attain web zero operations by 2050, the Cambridge Eagle Lab has been retrofitted to enhance vitality effectivity, in partnership with firms from its Sustainable Influence Capital portfolio and Unreasonable Influence programme, similar to Save Cash Minimize Carbon, who consulted on the plans.
Reaching web zero means discovering low-carbon methods of doing crucial actions – together with electrical energy era, transport, and heating. Upgrades to the constructing embody:
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- Photo voltaic panels by Bare Power, a hybrid photo voltaic expertise that generates each warmth and energy, leading to a better vitality density than various photo voltaic applied sciences
- Power environment friendly double-glazed home windows with photo voltaic management to forestall overheating, in addition to roof and cavity wall insulation, and water discount applied sciences
- A sensible heating, air flow, and air-con system, powered by the location’s renewable vitality sources, to assist enhance regulation of the constructing’s temperature
- Automated lighting and window-blind controls have been fitted, to optimise the extent and high quality of sunshine, whereas additionally enhancing vitality consumption.
Nick Stace, Head of Sustainability, Barclays UK, stated: “We wish to play a number one position in supporting local weather tech and sustainability-focused companies, by giving them the instruments to assist them join, develop and scale. It was essential that the retrofit and inner redesign of the constructing precisely mirrored the ethos of the companies that may use it and we anticipate it to supply important vitality effectivity enhancements, permitting us to take an necessary step ahead in decreasing our personal operational emissions.
“We all know that startups want greater than only a house, which is why we’re additionally supporting companies via our local weather tech accelerator programmes from the Cambridge Eagle Lab. We hope this package deal of help permits companies to scale at tempo and sort out a few of as we speak’s most urgent local weather tech challenges.”
To seek out out extra, go to https://labs.uk.barclays/areas/cambridge/
