Corporate News

HKSTP Park Company GRST wins Prince William’s Earthshot Prize

08 Nov 2023

(Hong Kong, 8 November 2023) – Hong Kong Science and Technology Parks Corporation (HKSTP) proudly announces that its Park company, GRST Holdings (GRST), has been awarded the coveted Earthshot Prize 2023 in the "Clean Our Air" category. Launched in 2020 by Prince William’s Royal Foundation charity, the “Eco Oscars” funds innovative solutions to address global environmental challenges. 

GRST, which stands for Green, Renewable, Sustainable Technology, has come up with a cleaner way to produce lithium-ion batteries that can be easily recycled. Its technology reduces greenhouse gas emissions from production by 40%, paving the way “to make the electric cars of the future even cleaner.”

Justin Hung, CEO and Co-founder of GRST, said, “GRST is proud of being incubated from HKSTP and moving on now to an international space. We look forward to a deeper collaboration with HKSTP to unlock the potential of sustainable power and energy.”

Albert Wong, CEO of HKSTP, congratulated GRST on their tremendous achievement on the international stage, "We are committed to supporting Park companies like GRST to pioneer success and reach for greater good for the world. As part of our roadmap, we are working with our ecosystem to create a virtuous cycle of green innovation and investment to develop Hong Kong as a green tech and green finance hub." 

In its third year, The Earthshot Prize 2023 awarded five leading green innovators from a pool of 15 finalists, with each winner receiving £1 million (around US$1.2 million) to scale up their pioneering projects under five categories: Protect and Restore Nature, Clean our Air, Revive our Oceans, Build a Waste-Free World and Fix our Climate.

Photo 1: Prince William (second from the right) and Cate Blanchett (right) at the Earthshot Prize awards ceremony. (Photo credit: The Earthshot Prize)

Photo 2: GRST CEO and Co-founder Justin Hung (right) in a group picture with all winners. (Photo credit: The Earthshot Prize)

Photo 3: GRST CEO and Co-founder Justin Hung

Photo 4: GRST has come up with a cleaner way to produce lithium-ion batteries that can be easily recycled.


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