Day: July 20, 2025
UK startup wins US$1 million Gold Award4th TERA-Award Gold Award winnerDr Peter Lee, Founder of the TERA-Award, presents the Gold Award and the US$1 million prize to Barocal from the UK for their solid-state cooling system using barocaloric materials, which offers a sustainable alternative to traditional refrigerants.HONG KONG, July 20, 2025 (GLOBE NEWSWIRE) — The Asia-based smart energy innovation award TERA-Award, organised by Full Vision Capital, has revealed the results of its fourth edition. Barocal, a British company, won the Gold Award with a prize of US$1 million for its breakthrough solid-state cooling system, using barocaloric materials that undergo temperature changes when pressure is applied.
For the first time, the TERA-Award was held outside Hong Kong. Over 100 industry leaders, entrepreneurs, scientists,...