As the demand for new and sustainable innovations is growing rapidly, Energy Tech Summit is an annual event, introducing the latest developments in energy and mobility sectors, while bringing an impressive network from the Baltics and Nordics for a constructive debate with Global industry leaders.
Although many conferences were cancelled due to the pandemic, Energy Tech Summit 2020 found an environmentally friendly solution to host the event despite the unprecedented situation. Originally a two-day event taking place in Vilnius in April, was changed to a five-day live virtual event in September, saving thousands of kilograms in CO2 emissions.
“It was definitely a big challenge, as we never hosted a virtual event on such a big scale before, but Energy Tech Summit 2020 exceeded our expectations. We have been getting a lot of positive feedback, which shows that the pandemic can’t stop the industry from moving forward and that the demand for high quality content is as high as ever“, states Rimas Maliauskas, the managing partner at Energy Tech Summit.
In 5 days, the conference hosted over 140 top industry’s experts in more than 70 sessions. It was joined by over 900 attendees, more than 120 venture capital funds, 50 corporates, and over 200 start-ups participating from more than 40 countries from 5 continents. The line-up included such energy sector giants as Japan’s Tepco, Italy’s Enel, the UK’s British Petroleum, the Estonia’s Eesti Energia, the Lithuania’s Ignitis, and U.S.-headquartered Chevron. The event also featured representatives from the most substantial venture capital funds, including delegates from Bill Gates’ Breakthrough Energy Ventures and BMW’s venture capital fund BMW i Ventures.
Throughout the event, the viewers also had a chance to observe the finals of New Energy Challengers. It’s an initiative that brought energy, transport and sustainability start-ups from all around the world to compete for equity free money prize, and the attention of global media, and over 75 VC’s and CVC’s.
New Energy Challengers received over 200 applications from 20 countries globally and only 30 top jury voted companies were invited to the finals. Start-up companies competed in six categories that play an important role in the sustainable energy transition: Batteries, Hydrogen, E-mobility, Digitalization, Automation & AI and Future grid. The ultimate winner was announced on Friday, which was Soteria Battery Innovation Group.
Despite New Energy Challengers, the viewers were in for another treat: “Innovation for #EnergySmart World Hackathon“. It is a two-day challenge organised by Ignitis Innovation Hub and the Lithuanian Ministry of Energy, where enthusiasts from different fields got together in teams to find the best proposal for the Lithuanian energy sector. The winners of the competition were also announced on the last day of the event.
“We couldn’t have done it without our sponsors and supporters like Ignitis Innovation Hub, E.ON, Eesti Energia, Agency for Science, Innovation and Technology of Lithuania, Techleap.nl, Go Vilnius, Amazon Web Services, and the host – Contrarian Ventures to name a few. Since Energy Tech Summit 2020 was a huge success, we are already in the works for the next year’s edition, taking place on the 28-29th of April in 2021. It will be a hybrid event dedicated to acknowledging leading investors in the sustainable energy transition that will combine both, virtual and physical platforms”, mentioned Rimas Maliauskas, the managing partner at Energy Tech Summit.
Although the event was hosted live that didn’t stop people from networking. Conference attendees had the opportunity to book one on one meetings with any other guests or enter virtual boots. Energy Tech Summit 2020 is a good example of the endless business opportunities if the companies are willing to adapt to the vast changes.