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Inaugural Global Energy Transition Congress 2024 Welcomes Energy Leaders and Innovators for First Day of Conference and Exhibition

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Rt. Honourable Tony Blair, Former Prime Minister of Great Britain and Northern Ireland, delivered the opening keynote address, calling on the international community to accelerate critical climate action.Day 1 featured action-oriented discussions with leading actors in the global energy system, including Secretary John F. Kerry and H.E. Parviz Shahbazov.Sessions focused on innovative strategies for a stable and secure international energy transition, with key speakers including James Apputhurai of NATO.

MILAN, July 1, 2024 /PRNewswire/ — The Global Energy Transition (GET) Congress 2024 launched today in Milan, uniting low-carbon energy sectors and high-carbon industries around the pressing need to develop and scale decarbonisation technologies that can accelerate the energy transition.

Addressing the energy leaders and innovators at the Opening Ceremony, the Right Honourable Tony Blair, Former Prime Minister of Great Britain and Northern Ireland, set the tone for the inaugural 3-day event in an engaging conversation with moderator Nik Gowing, Founder and Director of Think the Unthinkable:

“The energy transition has begun, it is just not happening fast enough. We must focus on the practical solutions, around financing and technology, and how we help the industry find a path where they can both run a successful business and play a part in the energy transition. The policies have to be radical, but they also have to be sensible.”

As recent estimates reveal, limiting global warming to 1.5°C will require achieving net zero emissions in the energy sector by 2050. In this context, the GET Congress has emerged as a vital platform for leading actors across key sectors, including government, finance, energy and industry, to come together and align on the innovative projects and forward-focused policies that will deliver significant emissions reductions and a stable, secure, and affordable energy transformation.

Reflecting the urgent need for such high-level collaboration and leadership, the first day of the GET Congress saw the start of the Changemakers Programme, which featured insights from the stakeholders and decision makers driving the energy transition forward. Speakers included Secretary John F. Kerry, 68th U.S. Secretary of State; H.E. Musadik Malik, Minister of Energy, Pakistan; Sanjiv Lamba, CEO of Linde; and Lorenzo Simonelli, President and CEO of Baker Hughes.

Participating in the session “Geopolitics, energy security and new challenges to net zero”, James Apputhurai, Deputy Assistant Secretary General for Innovation, Hybrid and Cyber at NATO, explored the strategies and solutions needed to overcome historic barriers to wide scale decarbonisation: “To preserve our security, culture and way of life, we have to do a lot of things we haven’t done before. We have to innovate and protect our society, so that all of society can work with us. And this very much involves the energy sector.”

Consistent with the global scope and ambitions of the GET Congress – which is showcasing 200+ exhibiting companies and welcoming participants from more than 120 countries – the opening day also emphasised the need for collective and inclusive efforts on key climate priorities, including the expansion of decarbonisation-focused investments. As part of a dedicated panel on the climate rights of emerging economies, H.E. Parviz Shahbazov, Minister of Energy for COP29 host country Azerbaijan, discussed the incredible progress being made in emerging markets:

“Azerbaijan today demonstrates its determination to move toward renewables and contribute to the secure energy transition, not only of this region, but worldwide. Our national energy policy aims to maximise green growth, and more than 2 billion dollars of investment is expected to increase the share of expected capacity to 33% by 2027.”

With contributions from the world’s leading voices on energy, policy, technology and finance, the GET Congress is establishing itself as an unrivalled forum for accelerating the groundbreaking innovations and projects that will transform the global path to net zero. With three distinct conferences – the Strategic Conference, Project X-Change, and Roadmaps to Net Zero – and a sprawling exhibition floor featuring 200+ exhibitors, the inaugural event will continue to shape the future of decarbonisation over the next two days, Tuesday the 2nd and Wednesday the 3rd of July at the Allianz Mico Milano Convention Center.

Notes to the Reader:

GET will take place from Allianz MiCo – GATE 4, Viale Scarampo, 20149 Milan, Italy.

The Global Energy Transition Congress & Exhibition (GET) is a premier event that brings together thought leaders, innovators, and industry experts from the energy, hard-to-abate sectors, finance, and start-ups to address the critical challenges and opportunities to decarbonise industry and accelerate the global energy transition. GET serves as a vital platform for networking, knowledge exchange, and showcasing low-carbon solutions and decarbonisation technologies that will shape the future of the energy transition worldwide. With a focus on achieving net-zero emissions, GET is set to attract participants from diverse sectors and countries to foster collaboration and drive meaningful change.

Media wishing to attend:

Please register at www.getcongress.com/get-content-media-hub/press-registration/ 

For more information, please visit www.getcongress.com

Follow us on social media channels @getcongress and use #GETCongress

About dmgevents

Dmg events is one of the leading global event organisers, working across several key industries. Its energy portfolio includes some of the biggest events in the sector, such ADIPEC, Gastech, the Global Energy Transition Congress, the Egypt Energy Show, the World Utilities Congress, and the Global Energy Show.

www.dmgevents.com

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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18 mins ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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18 mins ago

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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18 mins ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

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SOURCE Chaos Labs, Inc.

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