Milestone — 2021

HOVAK Energy won the Best Tech Solutions competition, organized by the Enterprise Incubator Foundation (EIF) together with Philip Morris Armenia and the Ministry of High-Tech Industry of the Republic of Armenia.

For our team, this award mattered for a specific reason: it came from an engineering-minded jury representing both government and industry, evaluating not slide decks but technical substance. The Solar Compression Power Station — a terrain-integrated solar updraft technology with a design service life of about a century — stood that scrutiny.

The award placed HOVAK Energy on the national innovation map and opened the conversations with institutional partners that continue today.