The MIT Startup Exchange team is excited to announce that we will be taking our virtual Demo Day on the road and bringing it live to California! This one-day gathering will bring disruptive innovation to the forefront, with compelling lightning talks from MIT-connected startups and keynote presentations from industry leaders and MIT faculty. Some of the crucial and transformative areas that will be covered include energy and sustainability, manufacturing and robotics, supply chain, mobility, digital transformation, fintech, life science, human-AI collaboration, and work of the future.
Panel discussion
What are the latest advances in energy innovation?
· The here and now: Where are we today? What new tech tools and approaches are available? What are the most successful energy startups from MIT doing at the moment and why?
· What’s on the near horizon? What new applications are opening up? What are the investment opportunities? What is the smart money focused on? What are corporate priorities in seeking novel energy tech? What does the new energy innovation ecosystem look like (infrastructure, interoperability, technology, use cases, stakeholders, success stories)?
· The future: What advances will we see over the next few years? What's in it for consumers? What are you personally the most excited about?
Panelists:
· Kalyan Veeramachaneni, Principal Research Scientist, MIT Laboratory for Information and Decision Systems
· Dave Truch, Technology Director, Digital Innovation Organization, BP
· Ben Sampson, Director, Energy, GE Ventures
· Tor Jakob Ramsoy, CEO & Founder, Arundo
Decarbonizing hard-to-abate sectors is critical to achieve climate change goals given the unique and often fossil fuel-based manufacturing processes. For developed and emerging economies, evaluating power and heavy industry sectors are pertinent given the immense growth expected in the upcoming decades. This presentation will focus on cost and emission models that have been developed and evaluated using the Sesame platform. Specifically, case studies for Hydrogen, Iron and Steel, and Power will be presented demonstrating the impact of technology options, supply chain choices and regional differences. In addition to the plant-level analysis, a system view will be taken to estimate emissions and energy consumption for the entire fleet. By comparing the various technology routes on a cost and emission basis, potential decarbonization strategies, marginal abatement cost, and sensitivities to fuel and other operational costs will be analyzed. The sectoral analysis indicates the immense increase in energy consumption and corresponding infrastructure support for industrial decarbonization. A combination of resource efficiency and technology improvements will be important for reducing emissions from a business-as-usual operation. Overall, the analysis indicates the role of system analysis in evaluating plant-level and system level changes in legacy sectors that are expanding and will be transitioning from traditional production methods. This study is timely as the global community sets climate goals and must consider hard-to-abate sectors, during the energy transition. Using system analysis provides insight to future plant-level and sectoral-level emission and cost challenges.
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