HomeEvent NewsTop 100 start-ups to present their business models in Abu Dhabi

Top 100 start-ups to present their business models in Abu Dhabi

One hundred finalists from the international Start Up Energy Transition (SET) Awards, for the most innovative and effective business models in the areas of energy transition and climate protection, are participating in the 24th World Energy Congress in Abu Dhabi in September.

The SET Awards are part of the global Start Up Energy Transition initiative for pioneers in energy transition and the battle against climate change. The initiative is implemented with the conviction that sustainable energy solutions and mitigating climate change are directly linked to a bridge between inventive business models and political will.

This article first appeared in ESI Africa Issue 3-2019.
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Across the globe, more than 100 partners from politics, industry, science and non-governmental organisations are getting involved. The annual rounds of the competition are supported by partner countries Canada and Sweden, the German Federal Ministry for Economic Affairs and Energy, along with many sponsors and partners. The SET Awards are presented by the German Energy Agency (dena) in cooperation with the World Energy Council, and are part of Berlin’s annual Tech Festival, which has become the world’s leading platform for sharing successful innovations and new business models driving the energy transition.

“Partnering with dena, we work together to identify systematically the most promising innovation ventures around the world, and work with leading innovators to understand the scope, time frame and success factors of key innovation areas,” says Christoph Frei, Secretary General of the World Energy Council.

Frei added: “This year we are particularly excited that SET 2019 finalists will also be invited to play an active role in the 24th World Energy Congress in Abu Dhabi. They will have the opportunity to participate in dynamic pitching sessions and interactive presentations, thus bringing a unique entrepreneurial dimension to the Council’s innovation activity at the Congress”.

Sponsored by Dubai Electricity and Water Authority (DEWA), the SET 2019 finalists will be located in the Innovation Hub at the Congress, dedicated to showcasing their products and services, and the business models behind them. They will also be participating in various sessions throughout the four-day event, taking place under the theme of Energy for Prosperity, including innovation’s role in driving the energy transition.

The MD and CEO of DEWA, HE Saeed Mohammed Al Tayer, said: “The UAE makes developing clean energy a priority in its strategies. It also supports innovation as a forward-looking approach to developing sustainable solutions to the challenges facing the world. Our leadership realises that young people are the driving force towards building a brighter future, and the cornerstone of sustainable development. Dubai Electricity and Water Authority’s sponsorship of the SET100 Innovation Hub at World Energy Congress 2019 supports its strategy to help entrepreneurs in clean and renewable energy, with an integrated system to help shape the future of global energy.”

The companies on the SET100 list come from 31 countries, the majority from Europe, North America and Africa. They were selected by experts from the SET network drawn from various energy transition sectors. Most of the companies are active in the award categories of Low-Carbon Energy Production and Energy Efficiency; and Smart Devices and Storage.

Other nominees applied in the categories of Intelligent Grids, Platforms & Cyber Security, and Special Prize: Quality Access & SDG7 and Innovative Mobility. A total of 450 start-ups from 80 countries applied for the SET Awards 2019.

“DEWA places innovation at the top of its priorities as part of its vision to become a globally-leading, sustainable and innovative corporation. We are working to support creative minds who develop effective solutions to achieve the UN’s sustainable development goals and support global efforts to mitigate climate change and global warming. We are doing this by increasing our share of renewable clean energy, increasing energy efficiency, and reducing carbon emissions. This will result in positive global changes that originate from the UAE, the land of peace, happiness, positivity, tolerance, benevolence, and generosity; which has become an incubator for creativity and a destination for innovators from around the world,” added Al Tayer. ESI

About the World Energy Congress

The 24th World Energy Congress will be hosted by the United Arab Emirates on 9–12 September 2019 in Abu Dhabi. With over 150 countries represented, it is the world’s largest and most influential energy event covering all aspects of the energy agenda. Running since 1924, the triennial World Energy Congress enables dialogue among Ministers, CEOs, policy-makers and industry practitioners on critical developments in the energy sector.


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