About

KiNNETIK, the Sustainable Energy Innovation Platform for deployment of new solutions in islands KiNNETIK, Energy Innovation Platform acts as a facilitator of the Energy Innovation Ecosystem to support technologies that are not yet commercially available but represent breakthrough solutions or technologies (assets) that are not sufficiently mature to take up at pre-commercial scale. This Platform aims at increasing investments in small-scale renewables from 1-20MW in the Greek islands

Solution & Product

Energy transition is a complex process, which needs to balance the priorities of novel technologies, economic growth, energy security along with environmental sustainability. In addition, energy transition includes a variety of perspectives, and an enabling framework of interactions between different stakeholders. Innovation alliances in the form of increased collaboration within and between public and private sectors are essential to ensure multistakeholder participation in sustainable energy innovation. KiNNETIK, Energy Innovation Platform acts as a facilitator of the Energy Innovation Ecosystem to support technologies that are not yet commercially available to be ready for demonstration. This Platform aims at increasing investments in small-scale renewables from 1-20MW initially in the Greek islands and later in all insular regions of Mediterranean and Europe.

Innovation & Scalability

Scalability can be achieved by generating deals multiple times (same asset to different operators). Additionally, we foresee that KiNNETIK can be scaled in multiple ways: •tScalability at the level of the technology / innovator: we have secured the interest of a vast portfolio of innovators interested in piloting their solutions in the Greek islands and willing to provide sales’ fees for effective pilot deployment. The platform will host a wide spectrum of technologies •tScalability at the level of the energy sector: Extent to which the specific technology (e.g. Electricity, Heating & cooling, Storage and clean transport) of the project can be applied within the sector and the expected emissions avoidance •tScalability at the level of the project and islands’ operators: Plans for further expansion at project site and possible project’s technology transfer to other sites in other Greek islands and abroad at EU insular regions. Combinations are endless while the suitability of a specific technology or a hybrid solution on an island will eventually depend on the specific characteristics of the island itself: its distance to mainland, its natural resources, whether it is interconnected to the mainland/other islands or not,

Traction & achievements

The founder has secured the commitment and expression of interest of: •tInnovators: Small-scale Solution providers cover ELECTRICITY (wind energy, solar photovoltaic, geothermal, marine energy, combined heat and power), HEATING AND COOLING (biomass, heat pumps, district heating and cooling, solar thermal), TRANSPORT (electric vehicles, electric ferries and boats, hydrogen for maritime and road transport, STORAGE (battery energy storage systems, power to X, and pumped hydro) •tRegional Operators (e.g. Municipalities, Ports, Waste Management Authorities) that have each developed decarbonisation Roadmaps tailored to their individual needs and are interested in early stage technological solutions. •tIndividual investors: Greek shipowners •tEnergy Innovation Communities: INNOENERGY (Founder acts as INNOENERGY Head in Greece)

Team & Why Us

The team is being composed by experts in the field of Energy Innovation, Energy Projects Financing and insular regions in Greece. Yiannis GERAGOTELLIS: Founder of KiNNETIK. Informatics, Athens University of Business and Economics, MSc in Innovation Management. Director of INNOENERGY in Greece and Technology Transfer Director for KiNNO. His past experience includes among other, provision of consulting services in energy, transport, maritime & ICT. Efi MPAKOGIANNI: Investment Support Assistant: Management Science and Technology, M.B.A. and Total Quality Management, MSc in Energy and Environmental Investments. Innovation Consultant at KiNNO with main focus on Open Innovation, Knowledge Transfer, Energy Investments and EU funding.

Funding Needs

Development and operation of KiNNETIK platform to enhance the visibility of renewable energy projects and to serve energy innovators, project developers, governments, financiers, and service and technology providers in several regions, initially insular ones in Greece. For innovators (e.g. start-ups /SMEs), the platform will facilitate project initiation and funding of their pilot projects and thus bringing renewable energy innovations (assets) to deployment. For energy Operators (municipalities, ports, waste management authorities, transport, etc.) the platform will act as a bridge to a plethora of available solutions. Additionally, the Platform may support the identification of available financing options and the mobilisation of financing to meet renewable energy investment requirements. Renewable energy project opportunities and innovative solutions can be screened by investors while project developers can also efficiently identify funding and advisory services according to their specific needs. We initially plan to serve the Greek insular regions of Aegean and convey the significant potential of islands to function as living labs for technological, social, environmental, economic and political innovation on multiple fronts, including energy, transport, circular economy and tourism.