Regional Insight, Global Impact: SET Awards 2026 Through a CEE Lens by Jan Hicl

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On March 17th,  dena’s SET Tech Festival marked its 10th anniversary at Colosseum Berlin, hosting a major global gathering for energy and climate tech innovators. More than 1,000 founders, investors, corporate leaders, and policymakers attended to explore solutions for the energy transition. The event combined panel discussions, startup pitches, the SET Award ceremony, and extensive networking opportunities.

Five innovator teams from all over the world presented winning innovations across five different categories. Jan Hicl, the co-founder of the Czech sustainable enegy company Delta Green, shared his take on the winning startups.

Flower (Clean Energy & Storage, Sweden)

Flower is enhancing grid reliability by leveraging AI to optimize renewable energy systems. The startup intelligently manages wind farms, battery storage, and other assets, ensuring efficient energy distribution. By improving predictability in green power generation, Flower helps stabilize energy networks and supports the transition toward a fossil-free future, making renewable electricity more dependable and scalable for modern energy demands.
Grid flexibility is where the real money in energy transition will be made in the next decade – and Flower is positioning itself right at the center of it. Their business model scales naturally with every new megawatt of renewables connected to the grid, which means the market is literally growing for them every day. As someone working in the flexibility space in CEE, I see how desperately utilities need exactly this kind of solution.

Finmile (Mobility & Transportation, the UK)

Finmile is transforming last-mile logistics through an AI-powered platform that optimizes delivery routes and parcel distribution. By increasing efficiency, the solution can cut fleet emissions and energy use by up to 40 percent. Designed for courier and delivery services, Finmile enables companies to adopt greener operations while maintaining speed and reliability, proving that sustainability and high-performance logistics can effectively coexist.
What I like about Finmile is that their value proposition sells itself: you save money AND cut emissions. That is rare. The business model is sticky too:once a logistics operator integrates their platform into daily operations, switching costs are high. I think they will grow very fast because they don’t need to convince anyone to be green, they just need to show the cost savings.

Cyclic Materials (Industry, Canada)

Cyclic Materials is advancing the circular economy by recovering rare earth elements from end-of-life products at an industrial scale. Its technology delivers materials comparable in quality and cost to newly mined resources, supporting a handful of industries from EVs to defense. By reducing dependence on traditional mining, the company strengthens sustainable supply chains and addresses the growing demand for critical materials in modern technologies.
This is a business model with incredible structural tailwinds: regulation, supply chain security concerns, and growing volumes of end-of-life products all push in their direction at the same time. The societal impact is huge because without solving the critical materials bottleneck, the whole electrification agenda slows down. I think they are building something that could become strategic infrastructure for the European and North American clean energy supply chain.

Mykor (Buildings & Construction, the UK)

Mykor is reimagining construction materials through innovative fungal biotechnology. The company develops sustainable insulation solutions with a low carbon footprint, designed to significantly enhance building energy efficiency. By combining high performance with environmental responsibility, Mykor addresses the increasing demand for greener construction practices and offers a viable alternative to conventional, resource-intensive building materials.
Decarbonising buildings is arguably the hardest nut to crack in the energy transition, and we will not get to net zero without it. I respect the ambition, but I am cautious about the timeline: construction moves slowly and bio-based materials face a long certification road. If they pull it off though, the impact on embodied carbon in construction could be transformative.

BioMassters (Quality Energy Access & SDG-7, Rwanda)

BioMassters is providing clean energy solutions by converting biomass waste into high-quality fuel pellets and distributing efficient gasification stoves. Targeting households in Rwanda, the startup replaces traditional cooking methods with safer, more sustainable alternatives. This approach not only reduces carbon emissions but also improves health outcomes and affordability, contributing to a cleaner and more energy-efficient daily life.
The beauty of this business model is its simplicity: local waste in, clean energy out, no dependency on complex supply chains or imported technology. The societal impact goes way beyond carbon – cleaner air indoors directly saves lives. I think the real unlock for them will be carbon credit monetisation, which could make the unit economics even more compelling and fund rapid expansion across the continent.
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