HONG KONG, July 21 (Bernama-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, investors, scholars and partners attended the ceremony at King’s College, University of Cambridge, on 18th July. Dr Peter Lee, Principal of Full Vision Capital and Founder of the TERA-Award, and Dr Martin Lee, Honorary Chairman of Full Vision Capital, led their first overseas mission to promote the TERA-Award together.