Kuala lumpur: TERA-Award 2026 launches with a US$1.15 million prize pool, expanding globally through strategic collaborations with the United Nations Trade and Development (UNCTAD) and the University of Cambridge Institute for Sustainability Leadership (CISL) to accelerate breakthrough energy technologies for climate solutions. Founded in 2021 by Dr Peter Lee Ka-kit, TERA-Award has become a leading international platform combining prize funding, real-world applications, industry collaboration, and capital support for frontier climate innovations. It has attracted nearly 2,000 projects from 76 countries, awarding US$4.65M total.

According to BERNAMA News Agency, the collaboration with UNCTAD and CISL aims to foster innovative energy technologies that address climate change. This global expansion is set to enhance the award's impact by leveraging the expertise and networks of these prominent organizations. The TERA-Award encourages projects that offer practical solutions to environmental challenges and supports their development through substantial financial backing and industry partnerships.

The prize pool for TERA-Award 2026 signifies a significant increase, aimed at attracting more innovative projects worldwide. The involvement of UNCTAD and the University of Cambridge Institute for Sustainability Leadership is expected to provide participants with valuable resources and guidance, furthering the reach and effectiveness of the initiatives funded by the award. This strategic approach underscores the award's commitment to advancing sustainable energy solutions on a global scale.