Opening of GreenTech Hub aims to power Hong Kong’s green future
Supported by government-industry-academia partnerships, GreenTech Hub is at the forefront of new technologies that help get start-ups off the ground
Hong Kong is positioning itself as the ideal place for climate and clean energy technology companies to locate and grow, steered by the government’s strategy to transform the city into a global green tech and finance hub.
In his budget speech last month, Financial Secretary Paul Chan reiterated funding and subsidies for the development of green finance and technology, noting that the number of start-ups in these sectors increased 82 per cent last year compared to 2023.
He also reaffirmed the sustainability mission of Hong Kong Science and Technology Parks Corporation (HKSTP), drawing attention to the official launch of the GreenTech Hub located at InnoCentre in Kowloon Tong earlier this month. The facility will support start-ups and innovators developing green technologies and aims to strengthen Hong Kong’s green sector by offering collaboration and scalable solutions for growth.
Currently, more than 200 of Hong Kong’s green tech companies operate within HKSTP’s ecosystem. Many of these innovative firms have accelerated their growth through GreenTech Hub’s ecosystem, which offers incubation programmes, funding and capital platforms, mentorship and collaborative business opportunities.
One Energy, which specialises in environmentally friendly transportation solutions, is among the firms headquartered at GreenTech Hub. Founded by CEO Kevin To, One Energy offers innovative solutions such as battery swapping systems for e-motorcycles to help reduce emissions. In Hong Kong, One Energy has set up 10 battery re-charging “swapping stations” where riders can recharge their e-motorcycles.
To said that since many leading automakers around the world prioritise electric vehicles, there is a niche market for e-motorcycles. Hong Kong has more than 75,000 registered motorcycles, of which less than 10 per cent are electric, according to government figures. With the city targeting carbon neutrality by 2050, To believes electric motorcycles could play a key role in reducing traffic emissions.