PowerACE 2019 to ignite the vision of clean energy among promising startups
2019年8月14日 - 4:00PM
JCN Newswire
Sustainable Energy Association of Singapore (SEAS), in
partnership with Private Financing Advisory Network (PFAN), will be
staging PowerACE 2019 for the second year, providing an avenue for
players in the clean-energy startup space to showcase solutions for
building a robust and sustainable energy ecosystem in Singapore and
the region amidst climate change and limited access to alternative
energy sources.
From now until 22 August 2019, energy startups and startups
supporting the energy sector can apply for PowerACE 2019, which
will give promising new energy companies exposure and opportunities
to pitch to innovators at the Asia Clean Energy Summit 2019 (ACES
2019), Asia's leading clean energy event, as part of the bigger
goal to propel the sustainable development of clean energy in
Singapore and the region. This year, key themes for PowerACE 2019
revolve around digital applications, decentralised systems &
energy storage, clean energy, new frontier technologies and
e-mobility solutions.
According to the Asian Development Bank, Asia's demand for energy
is expected to increase by 2.1 percent annually until 2035. While
the Association of Southeast Asia Nations (ASEAN) has committed to
increasing renewable energy usage by 23 percent in 2025 to combat
climate change and ensure sustainable energy growth, some
countries, including Singapore, face challenges around the adoption
of clean energy sources such as solar power and hydroelectricity
due to inadequate infrastructure and funding.
"Progressive technologies such as blockchain, artificial
intelligence and decarbonisation are unlocking new doors and paving
the way forward into a data-driven future for clean energy.
PowerACE 2019 presents a great opportunity for innovators and
fast-growing startups to connect with investors, business leaders
and industry experts and gain new insights and mentorship
opportunities for scaling up and bringing more value to the greater
community," said Kavita Gandhi, Executive Director, SEAS.
Eligible clean energy startups around the world who have been
registered for up to five years and who have received up to S$5
million in funding are welcomed to apply. Participants in PowerACE
2018 are welcome to participate in PowerACE 2019 as long as they
meet the qualifying criteria.
12 startups will be selected from the pool of applications to pitch
and display their solutions at innovation pods in the Innovation
Arena at ACES 2019, which will be held from 30 October to 1
November 2019. Aside from being featured on ACES' website and
networking opportunities with industry experts, the shortlisted
startups will also have the opportunity to gain visibility, avail
of a free booth at ACES 2019, get mentorship for refining their
business models and pitches over a period of one month, and win
cash prizes. To top it all, the winning startup company will
receive a S$50,000 grant and an invitation to participate at Asia's
international startup pitching competition SLINGSHOT 2019, which
will be held from 11 to 13 November, during the Singapore Week of
Innovation and Technology (SWITCH).
The PowerACE 2019 pitching session will be held at Level 4 of the
Marina Bay Sands Expo and Convention Centre in Singapore on 31
October 2019. The shortlisted PowerACE 2019 participants will be
exhibiting their ideas and innovations for two days, 30 October to
31 October 2019.
A total of 60 startups participated in PowerACE 2018, with 13
startups showcasing their innovations at ACES 2018. These include
Advanced Vision Analytics Pte Ltd (AVA Asia), a data analytics
company developing turnkey solution for autonomous drone data
analytics solution for the solar photovoltaic (PV) industry;
Positive Energy Limited, a platform for simplifying renewable
energy finance; and V-Flow Tech Pte. Ltd, a uniquely designed,
long-lasting and reliable energy storage solution for the utility
and renewable energy industry.
AVA Asia, which bagged the first prize at PowerACE 2018, has since
managed to scale its operations and successfully commercialised its
innovations following the competition. "PowerACE 2018 opened up new
opportunities for us to realise our vision of revolutionising solar
PV plants through leveraging autonomous drones and artificial
intelligence. We have benefited a lot from the support and
mentorship received and this has since enabled us to scale our
business," said Wei Yik Lee, Chief Executive Officer &
Co-Founder, AVA Asia.
PowerACE 2019 is supported by Enterprise Singapore (ESG), Startup
SG and EcoLabs Centre of Innovation for Energy (EcoLabs) at Nanyang
Technological University (NTU).
"Enterprise Singapore is excited to support PowerACE 2019 to
provide a platform for startups in the clean energy ecosystem to
showcase their innovation. Following the momentum of PowerACE 2018,
we hope to create synergies among investors, large companies and
startups as Singapore continues to develop into a global
sustainable energy hub," said Geoffrey Yeo, Director, Urban
Solutions, Enterprise Singapore.
Interested participants may apply to participate in PowerACE 2019
here. http://bit.ly/2N0zQxb
About Sustainable Energy Start-Up Network (SESUN)
SEAS Sustainable Energy Start-Up Network (SESUN) was established in
August 2018 which saw the sustainable energy industry and many new
start-up companies coming together to brainstorm and share their
feedback on the various challenges they face as start-up companies.
This new group provides the members an opportunity to seek market
exposure, strategic partnerships and investments and is mostly
focused in the area of digital applications, decentralised and
off-grid system, clean energy (renewables, energy efficiency) and
new frontier technologies (AI, blockchain, IoT).
About Sustainable Energy Association of Singapore (SEAS)
The Sustainable Energy Association of Singapore (SEAS) represents
the interests and provides a common platform for companies in
Renewable Energy, Energy Efficiency, e-mobility, smart grids and
Financial Institutions to meet, discuss, collaborate and undertake
viable projects together. The Association is a non-profit,
non-government business association, and its mission is to assist
its members in achieving sustainable growth locally and regionally
through business and market development. SEAS plays a strategic
role in supporting and promoting Singapore's vision to be a global
centre for sustainable energy, where products and solutions are
developed and exported. For more information about what the
association does and its services, please visit
www.seas.org.sg.
Contact
PRecious Communications for PowerACE 2019
Charlene Pe / Terence Ong
aces2019@preciouscomms.com
+65 6303 0567
Press release (PDF):
http://www.acnnewswire.com/clientreports/598/PowerACE.pdf
Source: Asia Clean Energy Summit (ACES)
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