To improve research and development (R&D) of sustainable solutions in Hong Kong, the Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the strategic development of InnoCentre in Kowloon Tong as the green technology hub, “GreenTech Hub”.
The new GreenTech Hub will serve as a dynamic, collaborative platform that facilitates sustainable business opportunities. It will also look to foster the exchange of knowledge, bridge financing gaps to expedite green technology, and accelerate the commercialisation of R&D outcomes.
The launch of this hub comes at a critical point in Hong Kong‘s sustainability journey as the sector surged 82 per cent year-on-year in 2024. HKSTP has been providing comprehensive end-to-end support to help greentech innovators grow and scale up by joining forces with influential stakeholders from the community.
The new GreenTech Hub brings together 16 partners from leading financial and business institutions, industrial associations, and renowned universities. This collaboration facilitates business opportunities, fosters knowledge exchange and best practices, and bridges financing gaps to expedite green technology. Additionally, these universities offer talent training, testing and application scenarios for greentech solutions, further accelerating the commercialisation of R&D outcomes.
The opening ceremony
Officiating at the opening ceremony of the GreenTech Hub was Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR). In line with the Hong Kong Climate Action Plan 2050, which aims for carbon neutrality, the new GreenTech Hub will serve as a dynamic, collaborative platform that facilitates business opportunities, fosters the exchange of knowledge, bridges financing gaps to expedite green technology, and accelerates the commercialisation of R&D outcomes.
Albert Wong, CEO of HKSTP, said: “The establishment of the GreenTech Hub is a leap forward for Hong Kong in the global green technology arena. We believe real impact is achievable only through global collaboration. Our 16 GreenTech Hub Partners, which include financial and business institutions, universities, and institutions supporting business, form a powerhouse coalition against climate change.”
The day’s events also featured a panel sharing session on the future of green technology and its integration into mainstream sectors.
The GreenTech Hub purpose
The GreenTech Hub unites greentech companies to further drive growth and innovation across key technology sectors, including green fintech, green building, new energy, and smart city solutions. The hub also features a dedicated Green Space to showcase innovative greentech and sustainable solutions.
HKSTP is set to continue strengthening Hong Kong’s position as a global leader in GreenTech and Green Finance, propelling green technology innovation, driving decarbonisation efforts, and contributing to a sustainable future.
Greentech innovations
Radiative Cooling Solution inspired by butterfly wings
Azure Era’s radiative cooling film adopts cutting-edge technology, reflecting solar radiation to reduce indoor temperatures by seven to 15 degrees celsius without energy consumption for buildings, vehicles, and outdoor storing facility. Prominent clients include CATL and BYD.
Creating Sterile Environments with 20kV
Apicem Technology Services (ATS) has developed a patented Baal Decontamination system that utilises a 20kV high-voltage electric field to eliminate bacteria and viruses, thereby purifying the air.
TT GREEN: Facilitating Sustainability
InnoBlock’s blockchain-powered platform delivers traceable sustainability management solutions, encompassing carbon credit trading, ESG management, and automated reporting. TT Green ensures transparent carbon footprint tracking, prevents double counting, and complies with 29 major global emission standards.
Sulfur-Powered Revolution for Safer Electricity Storage
Luquos Energy has developed the world’s first commercial sulfur-based flow battery energy storage system for renewable energy storage, uninterruptible power supply, smart microgrids, and EV solar chargers. The energy of this system is stored in water-based solutions of sulfur, which is intrinsically non-flammable, costing half as much as lithium-ion batteries.
Fast and Safe Battery Swapping for E-Mobility
One Energy has developed intelligent battery swapping stations and management systems that enhances the usability of e-motorcycles and e-Tuk-tuks by drastically reducing charging time. The battery swapping station features the world’s first water-cooled fast charging system, integrated with an automatic fire extinguishing system, which brings safer battery charging.
Transforming Tea Waste into a Greener Future
Zence Object converts tea waste into biodegradable materials called tea-board and tea-polymer. This sustainable innovation can replace plastic and timber, providing an eco-friendly solution for the environment.
