Join KelTech IoT at Free Electrons 2021 Grand Finale Open Day
November 8th, 2021 – At a time when energy shortage is threatening economic development, Free Electrons – the leading corporate innovation platform for the energy industry in the world – wants to highlight how open innovation can transform a problem into an opportunity, by presenting The Free Electrons 2021 Grand Finale Open Day focused on the energy ecosystem challenges and solutions developed alongside tech startups.
The event takes place on the 10th of November in Dublin, with online and free access to all interested in obtaining knowledge and context on this industry, the corporate innovation universe, startups and new business models. To attend, it is only necessary to register on the www.freeelectrons.org website.
KelTech IoT, as one of the final 15 companies on the progamme has been demonstrating its Dual Distributed Network (DDN) solution to all utilities and will participate in the Open Day.
The Open Day will explore key topics in the energy industry through keynote speakers, such as Leo Clancy – CEO, Enterprise Ireland, presenting Where Enterprise & Energy Collide; a C-suite panel on Post pandemic Green Recovery & Smarter Working, with three top energy utilities – ESB (Ireland), E.ON (Germany) and EDP (Portugal); and panels focused on Engaging citizens in the energy transition and VC Energy investment, with representatives from Emerald Technology Ventures, The Westley Group and ETF Partners. Alumni Success Stories involving startups such as Akselos and evenergy, and Fireside chats on Future Solar, Hydrogen and Innovate UK are also in the program.
The end goal is about showcasing tangible results of the collaboration between companies and startups within the energy industry. The program will also share the perspective of some of the industry’s largest companies, across different continents, on how to balance innovation, new energy generation, sustainability and shareholder results. Such content could not come at a more appropriate time: a global energy crisis caused by weather and a resurgence in demand is on its way – and getting worse, stirring alarm ahead of the winter in the northern hemisphere. Governments around the world are trying to limit the impact on consumers, but acknowledge that they may not be able to prevent bill spiking. Further complicating the picture is mounting pressure on governments to accelerate the transition to cleaner energy.
“The Free Electrons 2021 Open Day comes at a very relevant timing” says John McKiernan, Head of Innovation Pipeline at ESB, the Ireland-based utility hosting the Grand Finale. “Free Electrons is more than a pilot-oriented program: it’s a worldwide program fostering long-lasting partnerships between world-leading utilities and the most innovative energy startups to solve some of the biggest challenges facing the future of the industry”. According to the executive, the program’s 2021 numbers confirms that, “as we have successfully attracted 780 startups from 76 countries, all seeking pilot projects and privileged access to a market channel of over 80 million customers.
“The last 6 months has been an extremely productive and beneficial period for the company”, said Mark Kellett, CEO of KelTech IoT. “The Free Electrons programme has helped us to share our truly innovative and transformative solution with the utilities in a way that would not
have been possible otherwise, We are grateful for their vote of confidence in our technology and we look forward to further collaborations with them into the future.”
Free Electrons 2021: challenges and technologies
This edition reinforces Free Electrons as a scanning mechanism for innovative activity in the sector. This year, utilities seek to explore many new trends, including new energy systems (distributed and digitally enabled); customer behaviour changes towards energy consumption; electricity and mobility industries convergence; renewable generation rises with competitive new entrants; digital and emerging technologies rise and impacts; and the regulatory push for a low-carbon agenda.
The top tech priorities from Free Electrons corporates for 2021 include artificial intelligence, advanced software, internet of things, blockchain, automation robotics, cybersecurity, AR / VR and 3D / 4D printing. Key goals in collaborating with startups are set up around new revenue solutions; cost reduction; performance improvement; and customer resiliency improvement.
The Free Electrons platform is a global energy consortium composed of partners American Electric Power (USA), AusNet Services (Australia), CLP (Hong Kong, China), DEWA – Dubai Electricity and Water Authority (Dubai), EDP – Energias de Portugal (Portugal), E.ON (Germany), ESB – Electricity Supply Board (Ireland), Origin Energy (Australia) and SP Group (Singapore). In 2021, it entered its fifth edition backed by proven results over time in terms of pilots (+10M USD, and increasing), deployments (~20M USD), direct investment (+20M USD) and deals (50M USD). The project is managed by global collaborative innovation consultants, Portugal-based, Beta-i.
About KelTech IoT
KelTech IoT provide smart solutions for connecting & powering a sustainable world. A global organisation, with an unparalleled experience, we partner with clients to support the development and delivery of innovative communication and energy networks and solutions.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. Click to Watch Video. Learn more at www.keltechiot.com.
KelTech IoT Media Contact: John Dillon, email@example.com
About Free Electrons
The world’s largest energy innovation program Free Electrons is the leading global startup program connecting the world’s most promising startups with leading energy utilities to deliver cutting-edge solutions and co-create the future of energy. The program offers a unique opportunity for later-stage startups to gain access to utility partners that can help them scale and expand into new markets around the world. Startups are also in the running for the prize of USD $200,000 – no strings attached. The utility partners participating in Free Electrons are leaders in the clean energy transition extending across more than 40 countries, with access to over 82 million customers worldwide, representing over $173 billion in combined revenue.
Global collaborative innovation consultants Beta-i is a key agent in the innovation ecosystem in Portugal and Europe. In its 10-years history, it has grown alongside the community, and thanks to this it shifted three years ago from an entrepreneurship and innovation association to a collaborative
innovation consultancy company with global reach. Beta-i had held one of the Top 10 Acceleration programs in Europe for years (Lisbon Challenge), not to mention a key business-oriented gathering between corporates, investors, and startups (Lisbon Investment Summit). All this expertise is now deployed in ecosystem acceleration programs and open innovation projects, connecting corporates and public service clients in 20 countries across 4 continents with a huge and ever-growing international startup database.