KelTech IoT joins Free Electrons – The Global Energy Startup Program
KelTech IoT has been chosen to participate in Free Electrons – the most dynamic startup program in the energy sector, worldwide.
The company was chosen among applications from 77 different countries and offers KelTech IoT a unique opportunity to work alongside leading energy utilities from around the globe to deliver cutting edge solutions and co-create the future of energy.
Now, more than ever, innovation is required in the energy utility sector. The four driving forces (known as the 4Ds) of the energy industry – decarbonisation, decentralisation, digitalization and deregulation, are driving this change and real disruption. Free Electrons is a vital programme for utilities to identify new technologies and innovations that will help them meet this transition.
Commenting on the announcement, Mark Kellett, CEO of KelTech IoT said “we are delighted to have been selected in the Free Electrons programme. Our Dual Distributed Network, or DDN solution helps address the global challenge of last mile communication networks in a symbiosis between energy and data. Selection on the Free Electrons programme is further validation of our truly transformative technology and we look forward to exploring the full potential of this solution with the global utilities.”
The 9 global utilities involved in the programme are American Electric Power, AusNet Services, CLP, Dubai Electricity and Water Authority, Energias de Portugal (EDP), E.ON, Electricity Supply Board (ESB), Origin Energy, SP Group.
About KelTech IoT
KelTech IoT provide smart solutions for the communications infrastructure and property technology market. A global organisation, with an unparalleled experience, we partner with clients to support the development and delivery of innovative communication networks and digital services.
KelTech IoT’s Dual Distributed Network (DDN) solution transforms last mile communication network deployments through a symbiotic convergence of energy and data in a single integrated solution, resulting in a quicker, more cost effective and safer implementation.
About Free Electrons
Free Electrons is an open innovation program that connects startups and energy utilities to work on cutting-edge solutions for potential deployment globally.
The program includes a series of modules held across the globe (physically and digitally), where startups work closely with The Utilities, local accelerators and mentors to refine their company’s solution and explore options to jump start their company’s growth. Deals to date exceed USD $50m+.