A dramatic transition is taking place in the energy sector – creating huge opportunities and challenges. Driven by the need to phase out fossil fuels and decarbonise the global economy, businesses and governments around the world are leaning in to identify innovative new solutions and work to deploy them at the pace and scale required.
About TERA-Award
The TERA Award is an international green energy competition dedicated to championing breakthrough innovations that drive the transition toward a sustainable, carbon neutral future. It serves as a global platform connecting innovators, entrepreneurs, investors, and industry leaders across continents.
Founded in 2021 by Dr. Peter Lee Ka kit and organized by Full Vision Capital, the TERA Award is more than a competition, it is a dynamic innovation ecosystem where visionary startups and research teams transform bold ideas into real world energy solutions. Through incubation, strategic partnerships, funding, and global visibility, the TERA Award empowers innovators to scale next generation technologies that are redefining how the world generates, stores, and consumes energy.
About Full Vision Capital
Full Vision Capital Ltd. is a Hong Kong-based investment firm dedicated to fostering long-term value through strategic capital deployment and disciplined asset management. With a forward-thinking approach and strong emphasis on responsible investment, the company focuses on sectors poised for sustainable growth, including infrastructure, clean energy, innovation, and urban development. Driven by a commitment to excellence, Full Vision Capital combines financial acumen with deep industry insight to support projects and enterprises that contribute meaningfully to the economic and environmental resilience of the region. Its diversified portfolio reflects a balanced strategy of growth, stability, and impact.
Guided by the philosophy of "doing well by doing good," the firm has incubated multiple climate tech ventures, leading to the emergence of several industry unicorns. Full Vision Capital has incubated companies like StarFive, which collaborates with Towngas and xFusion to develop the "Lion Rock" RISC-V chip for data center environments. One of the FVC’s significant sustainable investments was EcoCeres, a company specialising in converting waste cooking oil into sustainable aviation fuel (SAF), which captured approximately 20% of the global SAF market by 2023. By aligning investment goals with broader societal needs, Full Vision Capital continues to build a legacy of trust, integrity, and positive transformation within Hong Kong and beyond.
About CISL
The Cambridge Institute for Sustainability Leadership (CISL) is an impact-led institute within the University of Cambridge and the School of Technology, dedicated to activating leadership globally for people, nature, and climate. Trusted since 1988 for its rigour and pioneering commitment to learning and collaboration, CISL creates safe spaces to challenge and support those with the power to act.
Through its global network and hubs in Cambridge, Cape Town, and Brussels, CISL works with leaders and innovators across business, finance, and government to accelerate action for a sustainable future. By advancing interdisciplinary research, influencing policy, and promoting sustainable business practices and clean technology innovations, CISL plays a key role in shaping sustainability practices within the Cambridge ecosystem and across the UK. Its efforts are instrumental in advancing the University of Cambridge's mission to create a sustainable future.
Cambridge Institute for Sustainability Leadership (CISL) has joined the United Nations Conference on Trade and Development (UNCTAD) as a strategic international partner for the TERA Award 2026 programme for a second year - significantly expanding the programme’s global reach and accelerating efforts to deploy breakthrough technologies for the energy transition.