Accelerating the incubation and commercialisation of innovative energy solutions in the EU and China ^NEW

The EU’s pledge to achieve climate neutrality by 2050 and China’s target to achieve carbon neutrality by 2060 require a rapid and radical transformation of their energy sectors and entire economies.

Innovative European and Chinese companies, large corporations and small and medium-sized enterprises (SMEs) have already developed market-ready low-carbon technologies and services: from cutting-edge renewable energy and hydrogen technologies to energy storage and digitalisation services, developers are following the political and economic signals and contributing to meeting these goals. However, companies face considerable challenges when bringing these innovative energy solutions to the European and Chinese markets.

This report has twin objectives. It aims to (i) identify barriers to the diffusion of innovative energy technologies in the EU and China; and (ii) highlight best practices that support the acceleration of incubation and commercialisation of innovative solutions. SMEs make up the largest part of the economy in the EU and China and, as innovators, are making an important contribution to the energy transition, and therefore this report focuses specifically on this business sector.