{"id":63707,"date":"2020-08-27T00:05:00","date_gmt":"2020-08-26T22:05:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=63707"},"modified":"2022-02-28T12:02:22","modified_gmt":"2022-02-28T11:02:22","slug":"the-future-of-the-energy-industry","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/63707\/the-future-of-the-energy-industry\/","title":{"rendered":"The future of the energy industry"},"content":{"rendered":"<div class=\"entry-content\">\n<figure class=\"wp-block-embed-spotify wp-block-embed is-type-rich is-provider-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: Greentech Part 3: Resources and Energy, Smart Reporting acquires Health Data Pioneers\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/52jYijvW3Xh95mdCwFzXJ6?utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>You can find our podcast on&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/open.spotify.com\/show\/2sUcouuLTciRk6USg4AdbF\" target=\"_blank\">Spotify<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/podcasts.apple.com\/de\/podcast\/munich-startup-podcast\/id1519268240\" target=\"_blank\">iTunes<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.deezer.com\/de\/show\/1408732\" target=\"_blank\">Deezer<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.google.com\/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xZWQwMmI3Yy9wb2RjYXN0L3Jzcw==\" target=\"_blank\">Google Podcasts<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/pca.st\/c00hgj2u\" target=\"_blank\">Pocket Casts<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/radiopublic.com\/munich-startup-podcast-6pZlj2\" target=\"_blank\">Radio Public<\/a>, Breaker,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/overcast.fm\/itunes1519268240\/munich-startup-podcast\" target=\"_blank\">Overcast<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/castbox.fm\/channel\/Munich-Startup-Podcast-id3025621?country=de\" target=\"_blank\">Castbox<\/a>,&nbsp;<a href=\"https:\/\/podcastaddict.com\/podcast\/3042445\" target=\"_blank\" rel=\"noreferrer noopener\">Podcast Addict<\/a>&nbsp;and&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/anchor.fm\/munich-startup\" target=\"_blank\">Anchor<\/a>.<\/p>\n\n\n\n<p>After skipping the event review in this episode \u2013 due to a lack of events attended \u2013 we will devote ourselves for the third and final time to the <a href=\"https:\/\/www.weforum.org\/reports\/new-nature-economy-report-series\/future-of-nature-and-business#report-nav\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cFuture Of Nature And Business\u201d<\/a>-Report of the World Economic Forum. According to the topics <a href=\"\/en\/62879\/podcast-munich-startups-for-an-ecological-economy\/\">Food production and land and ocean use<\/a> as well as <a href=\"\/en\/63228\/greentech-for-urban-spaces\/\">Infrastructure and urban development<\/a> This time it&#039;s about resources and energy.<\/p>\n\n\n\n<p>There is also significant economic potential in this area, according to the report. Transforming the resource and energy industries could create 87 million jobs and generate annual revenues of over $3.5 trillion globally by 2030. This contrasts with annual damages of $9 trillion, or approximately 10.5 percent of global gross domestic product, caused by the energy market through air pollution, CO2 emissions, and the destruction of ecosystems, for example, through open-pit mining.<\/p>\n\n\n\n<p>The World Economic Forum has identified four sets of measures for the transformation, which we examine in more detail in the podcast. Before we turn directly to the energy industry, we first look at the section &quot;Circular Economy and Resource-Conserving Models&quot; (minute 3:40), which deals with the transformation of the economic concept itself. Instead of the traditional linear economy, in which raw materials are mined, products are manufactured, used, and finally discarded, a circular economy is to be created. Here, products are manufactured to be long-lasting and easy to repair. At the end of their life, they are then completely recycled. We will discuss another area of the circular economy, namely the optimized use of resources, using the example of the Munich startup. <a href=\"\/en\/day\/delicious-data\/\">Delicious Data<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Raw material extraction and supply chains<\/h2>\n\n\n\n<p>Naturally, the extraction of raw materials also plays an important role in the energy industry, which is why the World Economic Forum report dedicates a separate section to it (minute 7:15). Whether oil, gas, copper, or gold, numerous raw materials are mined to keep the economy running. And this entails environmental damage \u2013 keyword open-pit mining. The report does not call for a halt to resource extraction (although it would be greatly minimized in a circular economy), but rather for the resulting damage to be minimized and compensated for once the raw materials have been exploited. There are many startups in this field \u2013 just not in Munich. The majority of them are based in the USA, India, and Australia, where mineral resources are still being mined on a large scale.<\/p>\n\n\n\n<p>Once the raw materials have been mined, they must also be transported \u2013 and this brings us to the next topic at minute 8:55: sustainable material supply chains. This isn&#039;t about the supply of sustainable or renewable raw materials, but rather about transparency and traceability. Illegal mining, in particular, significantly damages ecosystems \u2013 and also massively violates human rights. Therefore, it is necessary to make global supply chains more transparent in order to detect and prevent the entry of illegally mined raw materials or conflict minerals at an early stage. The Munich-based startup <a href=\"\/en\/day\/riskmethods\/\">Riskmethods<\/a> has developed a solution for this, which we will present in more detail.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">New power plant concepts Made in Munich<\/h2>\n\n\n\n<p>There&#039;s not much to say about energy production: It&#039;s about decarbonizing the energy industry to achieve the goals of nature, environmental, and climate protection. And this is true regardless of the means. In addition to alternative energies from solar, wind, and water, the World Economic Forum also addresses solutions that utilize renewable biofuels or capture the released CO2 (carbon capture and storage systems).<\/p>\n\n\n\n<p>In Munich there are numerous <a href=\"\/en\/63013\/startup-start-up-company\/\">Startups<\/a>that deal with the topic \u2013 we have selected three, which we will present in more detail from minute 12:55: <a href=\"\/en\/day\/sense-power\/\">Sinn Power<\/a>who are working on a wave power plant and thus developing a new energy source; <a href=\"\/en\/62046\/flying-wind-turbines-7-questions-for-kite-power\/\">Kite power<\/a>who rethink the concept of the wind turbine and rely on flying kites; and <a href=\"\/en\/day\/electrochaea\/\">Electrochaea<\/a>that develop and operate power-to-gas plants, which can compensate for the supply gap during periods of calm or at night.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Smart Reporting acquires Health Data Pioneers<\/h2>\n\n\n\n<p>Afterwards we will focus on the <a href=\"\/en\/63518\/smart-reporting-takes-over-health-data-pioneers\/\">takeover<\/a> by Health Data Pioneers through Smart Reporting (minute 22:15). We introduce Health Data Pioneers in more detail (you may already know Smart Reporting from <a href=\"\/en\/61143\/munich-health-startups-corona\/\">Episode 1<\/a>) and explain how the acquisition helps Smart Reporting founder Wieland Sommer move closer to his vision of better using data in medicine.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The third and final part of our podcast series on greentech focuses on energy and resources. We examine Munich-based startups that are making a significant contribution in this area. We also take a closer look at Smart Reporting&#039;s acquisition of Health Data Pioneers.<\/p>","protected":false},"author":33,"featured_media":63708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,3971,1083],"tags":[737,2684,2928],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Die Zukunft der Energiewirtschaft - Munich Startup<\/title>\n<meta name=\"description\" content=\"Im dritten und letzten Teil unserer Podcast-Reihe zu Greentech geht es um die Themen Energiewirtschaft und Ressourcen. Reinh\u00f6ren Lohnt sich!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/63707\/the-future-of-the-energy-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Die Zukunft der Energiewirtschaft - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Im dritten und letzten Teil unserer Podcast-Reihe zu Greentech geht es um die Themen Energiewirtschaft und Ressourcen. 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