Digitalization was in the focus of 3rd day of Budapest Energy Summit

Digitalization was in the focus of 3rd day of Budapest Energy Summit

December 5, 2018 | Budapest Energy Summit | News

Budapest, 05.12.2018 – Digitalization and innovation were in the focus on the third day of the Budapest Energy Summit, where 80 speakers from 28 countries shared their ideas and insights about energy transition, with 300 participants. There are many global megatrends that all have an impact on us, and we need to shape our relationship and connectivity, and for that we need active state involvement – Ádám Szigeti, deputy secretary of state for energy and climate policy, said in his opening speech. He added that the Hungarian government has set up the Ministry of Innovation and Technology with the aim of helping the hungarian economy to catch up, and find its place in the 21st century.

Digitalisation will create new connections and market cooperations – this was one of the key messages of the first panel discussion. The youngest panelist of the event, the 28-year-old Dacil Borges, head of Tatum Innova, said that a completely different way of thinking and approach is needed in a digitalized business environment. The key component is not only the incredibly wide range of available data and information, but also the sharing of information. The next decades will be the shared economy’s age.

In addition to data, lithium may be a key element of the next decades as well, which will be an increasingly important comodity for energy industry, related to the growing share of renewable energy sources, what is more and more connected with battery energy storage. The chairman of Cuper Lithium Mining S.A. – which is one of the bigges lithium producer of the global market -, Fernando Eleit said on an afternoon panel discussion, that the lithium supply is secure, despite the concentrated occurrence. The inventory is now enough for the next 100 years, with the expected increase in consumption too. They care for their enviroment footprint, so they use a lot of solar energy for lithium production.

The Budapest Energy Summit will address women’s role on Thursday, presenting the results of joint research by the Boston Consulting Group and the Woman in Energy Association, focusing on gender equality in the energy sector of the Central and Eastern European region.