Startups can benefit from years of experience and understanding of the industry at the World Energy Congress in Abu Dhabi
The 24th World Energy Congress took place in Abu Dhabi between 9th-12th September under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.
The final rounds of the discussion focused on the need for bold entrepreneurship to deal with future energy issues. Participants also conducted discussions on the usage of 5G to foster the drive towards a sustainable ecosystem, which facilitates faster collaboration. Members also agreed to speed up the process of producing cheaper and better energy to meet the global demands.
The membership of the congress comprised many prominent figures from various industries. With over 15,000 participants initially rolled out for attendance, the Congress was a high-profile flagship event of the World Energy Council. It welcomed over 250 high-level speakers, 72 ministers and some 500 CEOs and over 1000 media attendees across the entire energy spectrum.
On the final day, the keynote speech was delivered by Khalifa Hassan Alshamsi, Etisalat Group Chief Corporate Strategy and Governance Officer. He explained how modern frameworks of mobile technology can be utilised more efficiently to promote sustainability in the energy sector. The focus of his speech was on leveraging 5G to speed up the drive towards sustainability and encourage entrepreneurs to pay more attention to innovations in the energy sector.
Alshamsi said: "5G is a new piece of technology that can revolutionise new industry. It is not only about speed but yes it will be phenomenal for VR and AR experiences”.
One of the sessions on the last day ‘Start-up Energy Transition: The power of the bold’ consisted of discussions by a panel of experts, including the winners of this year’s Start up Energy Transition Award, on topics related to the future energy strategies and the sustainability of 5G among many others.
Marwan Bin Haidar, Executive Vice President of Innovation & The Future, Dubai Electricity and Water Authority, DEWA met the participants to discuss the onslaught of new business models that can set technological frameworks in motion to enable disruptive innovation in the industry.
Bin Haidar explained that all companies must "innovate or stagnate" and that incorporating brave and bold new ideas developed by start-ups is key to a successful future for established firms.
Startup Energy Transition, or SET, constitutes a global platform for innovation where ideas about energy transition are discussed and supported. Almost 10 startups were selected from a group of 450 applications from 80 countries. Their ideas were discussed with investors and members of the business community.
In the end, the Minister of Energy and Industry of the UAE took the chance to thank all the participants for making the event a successful one. He also showed appreciation for the sponsors who helped stage one of the most important energy conferences in the world.