Bp’s purpose is to reimagine energy for people and the planet – they want to help the world reach net zero and improve people’s lives. And as part of the ambition to become a net-zero company by 2050 or sooner and help the world get to net zero, Bp is on track to develop 50GW of renewable generating capacity by 2030 and they are exploring ways to make clean energy accessible to those who need it most.
This Lead2030 Challenge aims to find and support innovative renewable energy solutions with the potential of substantially increasing the share of renewable energy in the global energy mix – welcoming solutions from young innovators that:
Are working to improve current renewable technologies such as solar, wind, and biofuels
Are exploring new technologies to produce the renewable energy sources of the future
Are increasing access to and the affordability of renewable energy for all developing countries, in particular the least developed countries.
Challenge Criteria for the One Young World/BP Lead2030 Challenge for SDG 7
Aligned: Evidently aligned with the Lead2030 Challenge for SDG 7 supported by bp. See ‘About’.
Youth-led: Founded by a person aged 18 – 30.
Focused: Well-structured time horizon, identified key stakeholders and beneficiaries, and proposed outcomes that are reasonable and well thought out.
Market ready: Product/service already in market or ready to go to market.
Impactful: Solutions must have a positive social impact, for example generating employment, or developing skills.
Measurable: Impacts of solutions must have been adequately measured and/or be measurable.Financially viable: Must be able to achieve efficiency and to survive independently through the resources they generate and/or the investments and donations they attract.
Scalable: Potential to perform as well or better after expanding in scope or size and/or being transported to other regions.
The winning solution will receive:
Sponsorship to participate in the One Young World Summit 2022 in Manchester from 5 to 8 September
A US$50,000 grant from bp
12 months of mentorship from a team of bp professionals. The mentorship team will work to accelerate your solution based on the needs of your initiative or organisation, such as:
Business strategy
Best practices for data collection
Monitoring and evaluation
Product design
Timeline:
22 April 2022: Applications close.
26 April 2022: Shortlisted candidates confirmed and invited to submit second round application.
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