ECCI Ideas Lab resident wins eSpark’s Entrepreneur of the Year
12 January 2015
ECCI resident David Townsend has won eSpark’s Entrepreneur of the Year award in recognition of the development of his company Town Rock Energy over the last year.
David is one of the founding members of ECCI's Low Carbon Ideas Lab, Scotland's first low carbon focused business incubator.
The prestigious title also came with a £5000 cash prize in the form of a giant novelty cheque. Nicola Sturgeon and Sir Tom Hunter were among guests at the awards ceremony.
Pictured: David Townsend (far left) and fellow Low Carbon Ideas Lab residents with some of ECCI's innovation team.
Town Rock Energy is Scotland’s first geothermal energy company. The company applies well-established hydrocarbon exploration techniques combined with thermal modelling to high grade areas for hot water production from geothermal aquifers. Town Rock Energy are also working to facilitate mine-water geothermal district heating schemes that will deliver very low carbon heat at an affordable rate to energy users in Scotland’s central belt.
Based in the Edinburgh Centre for Carbon Innovation as a result of winning office space in the Ideas Lab competition, the start up is currently hiring an engineer to work alongside David over the next three months, with a focus of building a financial business model for an attractive mine-water geothermal district heating scheme in Scotland.
Founder and CEO David Townsend said: “I am surprised and thrilled to have received this prestigious award despite tough competition, and take it as an encouraging sign that the importance and value of sustainable entrepreneurship is being increasingly recognised by the Scottish business community.”
Town Rock Energy is also establishing the UK’s first geothermal energy laboratory in cooperation with the University of St Andrews. The first tool, a divided bar which is the first of its kind in Europe, measures thermal conductivity of bulk samples.
Website is www.townrockenergy.com