Insolar Head of Public Relations, Dr. Lesley Czuma, travelled to Abu Dhabi last week to participate in the World Energy Congress, organized by the World Energy Council (WEC). The conference discussed cutting edge tech which will further the transition to clean energy. Attendees of the conference included the Estonian Head of State, in addition to dozens of energy ministers from countries all around the world and various leaders in business.

The Congress was a continuation of the impulse which began at the SET100 conference in Berlin where Insolar was selected as one of the 100 leading companies promoting this transition. Insolar was invited to pitch in Abu Dhabi among 10 finalists out of 450 startups. Lesley presented the company and its blockchain-powered Transactive Energy System (TES), with pitching carried out in front of a large audience of governmental representatives, academia and c-level enterprise executives.

Both companies and government representatives confirmed that the goals of Insolar’s blockchain-powered TES are among their strategic energy priorities. The TES enables the use and storage of renewable electrical energy through a prosumer scheme, which employs electric vehicle charging. Overall, the system strengthens utilities by increasing grid resilience and efficiency though smart-demand mechanisms, involving private and enterprise microgrids. Using the System, energy can be more effectively distributed and used in times of peak demand and the load of renewable energy on the grid can be increased.

A blockchain panel also took center stage at the Congress, with one of the panelists being the Estonian President, Kersti Kaljulaid, who is promoting the role that distributed ledger technology has in advancing society and developing the economy.

The WEC is affiliated with the United Nations and meets every three years to discuss the world agenda, bringing together international decision makers. Its mission is “to promote the sustainable supply and use of energy for the greatest benefit of all people”. Russia will host the next conference in 2022. As such, the Russian Minister of Energy, Alexander Novak, participated, and confirmed that renewable electrical energy and electric vehicles will be among the instruments which will carry the energy transition.

The conference was very productive and valuable, since we were able to confirm that our TES on the Insolar Blockchain Platform resonated closely with the ideas of major relevant companies and the values of governmental representatives in attendance.

Watch Insolar’s short pitch via the video below.