Social energy platform Energy X is participating in ‘Viva Technology 2021 (“VivaTech”)’, Europe’s biggest startup and technology event to be held in Paris, France from June 16 to 19. Marking its fifth edition this year, “VivaTech” is Europe’s largest international venture event where global companies, promising startups and financial institutions from around the world gather together to seek opportunities for collaboration. In 2020, more than 13,000 startups, 3,300 investors, 2,500 journalists and more than 120,000 attendees from 125 countries participated. This year, the event is held online due to COVID-19, and global IT leaders such as Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, and Zoom CEO Eric Yuan participate in the event.

After a month of participant evaluation, the companies invited to “VivaTech” will conduct business speeches and exhibitions for companies that can collaborate in each field, and if the collaboration is confirmed, △Collaboration between practitioners to find potential partnerships △Joint growth strategies in the global market will be given.

Energy X, which participated on behalf of Korean venture companies in energy and environmental solutions, introduces energy platform technology that combines the latest IT technology and fintech to global companies and investors through booth operation. Based on artificial intelligence, Energy X has made all procedures of existing renewable energy markets act through online, that had been so complicated. As all the complicated procedures from development to selection of construction companies, financing and management operations have become possible on online platforms, solar power is no longer a market for experts to participate in.

Sean Park, CEO of Energy X who is in charge of presenting the Korea Green Startup Session on the 17th, said, “I am happy to participate in VivaTech and share Energy X’s vision of the changing renewable energy market based on data and AI.” CEO Park predicted, “In the near future, energy consumption patterns of individual consumers will be analyzed through the energy revolution and based on this data, power plants and generators owned by individuals will be able to automatically produce, store, consume, and manage energy at the optimal time.” He also shared the scalability of Europe’s renewable energy platform business by presenting an integrated business model of finance and energy that allows individuals to directly use, trade, and invest such accumulated energy.

After Energy X’s announcement, Jean-Marie Hurtiger, former CEO of Renault Samsung, said, “It seems like a business model with a high chance of success in both Korea and France.” Yan Gozlan, CEO of Creative Valley, called Energy X a game changer and said, “It is expected to change the structure itself by increasing the size and transparent.”