The 4th TERA-Award Smart Energy Innovation Competition, organized by The Hong Kong and China Gas Company Limited (Towngas), in collaboration with Full Vision Capital, is now open for applications until April 9, 2025. The competition, offering a grand prize of up to USD 1 million, focuses on advancing zero-carbon technologies in the field of smart energy. Six main tracks are featured this year, including Renewable Energy, Energy Storage and Conversion, CCUS Technologies, Green Fuels and Hydrogen Energy, Intelligent Energy Systems, and Smart City. Notably, the addition of the Green Fuels category expands the scope to cover sustainable biomass processing technologies, SAF, green methanol, and hydrogen energy. The TERA-Award serves as a platform for global entrepreneurial teams to showcase their innovative solutions, receive cash prizes, and gain investment opportunities. With a vision of 'Empowering Green Economic Development,' the competition aims to accelerate the transition towards green energy by fostering groundbreaking ideas. Over the past editions, the competition has attracted startups from over 59 countries and regions, with success stories like i2Cool and Luquos Energy, which have progressed towards commercialization and scaling. The competition organizers, including Mr. Alan Chan Ying-lung and Mr. Heron Ho, emphasize the role of TERA-Award as an incubator and accelerator for green energy startups. By linking startups with investors, the platform facilitates funding and application opportunities, expediting the journey from lab to market for these projects. Notable examples of success stories from previous editions include i2Cool's completion of Series A funding and Luquos Energy's strategic investment and launch of a sulfur-based flow battery energy storage project. Prior to establishing the TERA-Award, Towngas and Full Vision Capital have been actively involved in startup incubation, nurturing companies like EcoCeres and EnerVenue into unicorn status. These companies focus on sustainable conversion of waste oils to SAF and commercial metal-hydrogen battery energy storage technologies, respectively. The competition guidelines and details for the 4th TERA-Award can be found on the official competition website, offering a diverse range of innovation tracks and opportunities for green technology entrepreneurs.