The company convinced the jury with its electricity storage system made from reused electric car batteries and triumphed over five other finalists in a live pitch competition on April 28th.
The winner of the Green Alley Award 2022, Europe’s first start-up prize for the circular economy, is Voltfang from Germany. The start-up’s winning idea: Extending the lifecycle of batteries from electric vehicles. Their green electricity storage system uses only second life batteries from electric cars. In this way, the Voltfang system can store excess energy from solar panels and provide clean energy to companies.
Jan Patrick Schulz, CEO of Landbell Group and creator of the award, is very satisfied with this year’s winner: “Voltfang addresses a vital topic for the circular economy. The number of electric cars on our roads will increase to 30 million by 2030 according to EU plans and so will the amount of waste batteries from these cars. What convinced us about Voltfang’s business idea was that they not only specialize in making the best out of these used batteries but also contribute to closing the gap in our renewable energy transition,” said Schulz. “With the Green Alley Award, we put a spotlight on circular start-ups like Voltfang that can make a decisive contribution to our fight against climate change.”
David Oudsandij, co-founder and CFO of Voltfang is happy about the award and explains how the start-up will use the prize money of 25,000 euros: “We need sustainable storage solutions like our Voltfang electricity storage system to achieve the energy transition. This is the only way we can conserve resources, reduce dependence from abroad and save one or the other battery from going to waste. Therefore, we will use the prize money to commercialise our product, create more impact and enable a future worth living.”
The Green Alley Award is the first European start-up award for the circular economy. Since 2014, Landbell Group has rewarded young companies whose solutions help to use less finite resources and reduce waste.
“We are very pleased that we are once again able to present a strong winner with Voltfang this year,“ said Jan Patrick Schulz. “With its convincing business model for a circular battery economy, Voltfang can really make a difference for the circular economy”
For more information, read the press release here.