Matthew Tipper, Shell Vice President of Alternative Energies presents the award to Libertine CEO Sam Cockerill and Chairman Derek Shepherd.

Competing for a share of this year’s Shell Springboard funding alongside seven other regional finalists selected from a field of over 120, Libertine CEO Sam Cockerill and Chairman Derek Shepherd successfully pitched Libertine’s low carbon technology and business concept to an expert judging panel to secure a runner up award of £30,000.

Speaking at the regional finals in Newcastle on 30th April, Sainsbury Management Fellow Sam Cockerill said “This is fantastic news for Libertine.   Shell Springboard funding and recognition will accelerate our waste heat recovery demonstration programme and help raise Libertine’s profile, supporting our fundraising and partnering plans.

“This has also been a great event to showcase some of the most innovative low carbon businesses in the UK, and shows that the big challenges we face are creating some really exciting business opportunities.”

Run by Shell, the high profile competition aims to find the next big idea in low carbon enterprise and innovation by small and medium enterprises. Now in its eighth year, Shell Springboard has awarded £2.6 million of funding

for innovative low carbon businesses in the UK that have developed new ways of cutting CO2.

For more information on the Shell Springboard scheme click here.