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Recognized by Prince William, Advanced Thermovoltaic Systems is transforming the future of energy with its groundbreaking solution to industrial waste heat
ATS to receive £1 million to accelerate and scale the impact of their innovative environmental solution
[Cape Town, South Africa] – November 6, 2024 – In a monumental achievement for clean energy innovation, Advanced Thermovoltaic Systems (ATS), a USA-based company, has been awarded the Fix Our Climate Earthshot Prize, one of the world’s most prestigious environmental accolades. The award, announced at the Earthshot Prize Awards Ceremony in Cape Town, South Africa, recognizes ATS for its revolutionary solution to capture and convert industrial waste heat into sustainable electricity without the need for moving parts.
The Earthshot Prize, founded by Prince William, honors global changemakers with innovative solutions to the world’s most pressing environmental challenges. As one of five winners selected from nearly 2,500 nominees across 75 countries, ATS will receive a £1 million prize to further scale its transformative technology. This year’s competition, held in partnership with Bloomberg Philanthropies, drew global attention as the Earthshot Prize revealed its finalists at the Earthshot Innovation Summit during Climate Week NYC.
Speaking during the Awards Ceremony, Prince William said: “I believe our world can be rich in possibility, in hope, and in optimism. That is why The Earthshot Prize exists. To champion the game-changers, the inventors, the makers, the creatives, the leaders; to help them build upon the amazing things they’ve already achieved; to speed their innovations to scale and to inspire the next generation to create the future we all need."
“Receiving the Earthshot Prize is an extraordinary honor, validating our mission to transform how industries reduce their environmental impact,” said Kelly Adams, CEO of Advanced Thermovoltaic Systems. “Our technology offers a circular energy solution that creates valuable electricity and reduces emissions at scale. Winning this Earthshot Prize will allow us to accelerate our impact, expand our reach into industries such as manufacturing, steel, cement, and chemical production and advance our mission to eliminate CO2 emissions worldwide.”
ATS’ solid-state technology radically redefines the way industries manage waste heat by converting it into valuable, clean energy. Unlike traditional methods that have relied on turbines for over 200 years, ATS’s solution is 99% circular, with zero moving parts, making it a cost-effective, sustainable, and scalable technology capable of avoiding millions of tons of CO2 emissions. This positions ATS as a vital player in the global push for sustainable industrial solutions.
Advanced Thermovoltaic Systems tackles one of industry’s most overlooked inefficiencies: the loss of 60% of all industrial energy as waste heat. This unused energy represents a vast resource, equal to the energy needs of four billion homes—twice the total number of households worldwide.
As the world moves toward a cleaner, greener future, ATS is poised to play a pivotal role in addressing the global energy crisis by offering a revolutionary, scalable, sustainable solution.
The five Winners of the 2024 Prize cohort were selected by Prince William and The Earthshot Prize Council, a diverse group of experts, advocates and individuals dedicated to championing urgent and innovative action to protect our planet. The Earthshot Prize Council is chaired by The Earthshot Prize Board of Trustees Chair, Dame Christiana Figueres, architect of the Paris Agreement.
Members of The Earthshot Prize Council include: His Royal Highness Prince William, Her Majesty Queen Rania Al Abdullah, José Andrés, Sir David Attenborough, Cate Blanchett, Ernest Gibson, Hindou Oumarou Ibrahim, Wanjira Mathai, Stella McCartney, Nemonte Nenquimo, Luisa Neubauer, Indra Nooyi, Dr. Ngozi Okonjo-Iweala and Naoko Yamazaki.
In addition to the five £1 million prizes supporting the growth of Winners’ solutions, each of the 15 Earthshot Prize Finalists will receive dedicated mentorship, resources and technical support through the year-long Earthshot Prize Fellowship Programme.
That support includes access to the Prize’s robust network of influential experts and partners, including The Earthshot Prize’s Global Alliance of Partners, comprised of some of the world’s largest businesses, donors, investors and environmental organizations committed to climate action.
Finalists will also have access to Launchpad, Earthshot’s bespoke online finance platform to matchmake Earthshot solutions to a growing community of members made up of mission-aligned donors and investors seeking to speed proven environmental solutions to scale.
ATS would like to extend their gratitude to Herbert Smith Freehills LLP for their support in nominating ATS for the Earshot prize and to Holcim for their strategic partnership.
About Advanced Thermovoltaic Systems
Advanced Thermovoltaic Systems (ATS) is revolutionizing the way industries manage waste heat, providing the world’s first and only solid-state solution that converts industrial waste heat into clean, sustainable electricity without the need for turbines or moving parts. ATS offers a 99% circular, scalable, cost-effective, and revenue-positive technology that helps industries reduce carbon emissions and improve energy efficiency. With the potential to eliminate gigatonnes of CO2, ATS is radically redefining the future of energy. Recognized as a 2024 Earthshot Prize Winner in the "Fix the Climate" category, ATS is committed to turning waste into opportunity and building a cleaner, more sustainable future for generations to come.
For more information, visit www.ats.energy
About The Earthshot Prize
For more information about The Earthshot Prize, visit: www.earthshotprize.org.
Founded by Prince William and incubated in the The Royal Foundation in 2020 for a year before becoming an independent platform/organization, The Earthshot Prize is a global environmental prize and platform designed to discover, accelerate and scale ground-breaking solutions to repair and regenerate the planet. Inspired by President John F. Kennedy’s Moonshot, which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale innovative solutions that can
help put the world firmly on a trajectory towards a stable climate, where communities, oceans and biodiversity thrive in harmony by 2030. The five challenges are: Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build a Waste-Free World; and Fix Our Climate. The Prize aims to turn the current pessimism surrounding environmental issues into optimism by championing inspiring leadership and helping to scale incredible cutting-edge solutions. It
will discover 50 winners over 10 years with the power to repair the planet. More than an award, The Earthshot Prize works in partnership with a Global Alliance of Partners to support the scaling of the solutions discovered and selected each year.
The Global Alliance Founding Partners are a group of leading global organizations and philanthropists, which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Eleven Eleven Foundation, Giving Grousbeck Fazzalari, Holch Povlsen Foundation, Jack Ma Foundation, Law Family Charitable Foundation, Mastercard Center for Inclusive Growth, Marc and Lynne Benioff, Paul G. Allen Family Foundation, Rob Walton Foundation, Sandy and Paul Edgerley, Standard Chartered Bank, Temasek Trust, and Uber.
Global Alliance Partners are non-profit environment and sustainable development organizations that bring expertise, global reach and serve as nominating organizations each year. For a full list of our Global Alliance Partners, visit: www.earthshotprize.org/global-alliance.
Global Alliance Members are some of the world’s largest and most influential companies and brands that will support The Earthshot Prize, implement ambitious changes within their businesses and accelerate the advancement of the solutions of Prize Finalists and Winners. They are Arup, Bloomberg L.P., Deloitte, Herbert Smith Freehills, Hitachi, Ingka Group (IKEA), Microsoft, The Multichoice Group, Natura & Co, Safaricom, Salesforce, Unilever, Vodacom Group, and Walmart.
