NovaUCD start-up Belfield Technologies Ltd has been named the winner of the Inaugural Sustainable Energy Innovation Award at the SEAI Energy Show 2011.
Belfield Technologies won the SEAI award for its high powered light saving energy device, the HIDLightSaverTM. The product is the result of research into the costs associated with lighting and high intensity discharge (HID) lamps found in street lighting, floodlit arenas, motorways and retail outlets.
HIDLightSaverTM was developed and is being manufactured in Ireland and is designed to help organisations cut their energy costs and associated carbon footprint by as much as 35pc. The technology could also potentially produce savings of €14m on street light running costs alone.
The new SEAI award entries were assessed on three factors: innovation, energy performance and environmental impact, and the business potential of each product.
Shortlisted finalists encountered a public ‘dragons’ den’ style evaluation with a panel of four judges. The award winners were chosen by judges: Terence O’Rourke, managing partner KPMG Ireland; Joe Harford, former chairman ESRI; Niamh Boyle, founder and managing director of Corporate Reputations; and Brendan Halligan, chairman, SEAI. Each member of the panel expressed their enthusiasm at both the variety and high standards of the eight finalists.
SEAI chief executive Professor J Owen Lewis said he was impressed with the finalists' high levels of creativity.
“Belfield Technologies is most encouraging as Ireland’s journey towards the creation of a fully functioning Green Economy gathers pace. Products like the HIDLightSaver are needed now more than ever and I commend Ger Devlin and Brian McDonnell for all their work in the creation of this product. The Innovation Awards proved to be a great addition to this year’s SEAI Energy Show and I look forward to seeing many of the finalist products succeeding to commercialisation in the near future.”
The founders of Belfield Technologies are Ger Devlin, Kevin McDonnell and David Megan from the School of Biosystems Engineering, University COllege Dublin.
On receiving the Sustainable Energy Innovation Award Ger Devlin said, “This endorsement is of vital importance in assisting us to attract customers for our innovative technology. Looking to the future, Belfield Technologies plans to launch into the UK and EU market later this year and plans to create at least 20 jobs in Ireland by 2013. Our vision is to become a successful Irish greentech company providing energy efficient and innovative cost savings solutions worldwide.”
The Sustainable Energy Innovation Award winners will receive financial support towards their business development costs.