Some of the greatest minds in the green energy sector came together in San Francisco this weekend for the annual US-China Green Energy Summit. The event, now in its tenth year, attracts government officials, industry leaders and researchers from China and the US, in the fields of electric power, renewable energy, information technology, web infrastructure, big data and artificial intelligence.
Former US Secretary of Energy and Nobel Laureate (1997) Steven Chu believes China, as the largest market, also has high potential due to the government’s willingness to experiment with new solutions. “These pilot programs (in China) are a very important part of applying clean energy technologies,” he said in his keynote address.
The theme of this year’s event was “Innovative Energy Solutions: Fueling Our Green Future” and it showed, with a number of cutting-edge companies presenting on topics ranging from electric cars to AI-assisted power grids to make more efficient use of green energy.
“Ten years ago, I don’t think artificial intelligence was under anyone’s radar,” said Robert Weisenmiller, chair of California Energy Commission. “The opportunity is really growing.”
One of the AI-focused startups in attendance was EtainPower, a blockchain-based peer-to-peer energy trading platform which also seeks to update existing power operators with smart grid technology. EtainPower’s CEO Steven Zhang sees a bright future for green energy investment by helping more individual investors get involved. “Even from a traditional renewable energy investor’s perspective,” he said, “you can easily get 20-25 percent, and the payback period is three to five years. It is still a very lucrative market.”
Panelists agreed that with continued investment and strong cooperation between the nations, the opportunity for innovations sustainability is larger than ever.
The event is hosted by the US-China Green Energy Council (UCGEC), a 501(c)(3) non-profit organization focused on collaborative green initiatives between the countries. It is based in Silicon Valley with satellite operations in Beijing, Shanghai, Hong Kong, New York, and Los Angeles.
Company Name: EtainPower
Contact Person: Colleen Northcutt
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City: San Jose
Country: United States