Industry Market Trends

Advanced Energy Conference Highlights Green Entrepreneurship

May 01, 2013

Entrepreneurs, academics, and leading energy experts gathered at New York City's Jacob Javits center for the Advanced Energy 2013 conference on April 30 and May 1. They discussed the latest developments in energy efficiency and how green energy has impacted job creation.

Recent Grads on Green Entrepreneurship

Mayor Michael Bloomberg addresses an audience at the 2013 Advanced Energy Conference in NYC on May 1.  Credit: Beth Goodbaum Mayor Michael Bloomberg addresses an audience at the 2013 Advanced Energy Conference in NYC on May 1.

Credit: Beth Goodbaum

Young energy entrepreneurs described what motivated them to found their start-ups and how their innovative businesses help save energy. Ryan McGann, an engineering graduate from the State University of New York at Stony Brook and the CEO of Solar Cool Technologies explained the process of starting his business, which sells portable solar-assisted refrigeration coolers, with each unit capable of offsetting 5,000 lbs of C02. He admitted that while he was prepared as an engineer, he feels that a better university system needs to be in place to fuse engineering students with marketing know-how.

Clean-tech entrepreneur and founder of Tenrehte Technologies Jennifer Indovina, who received a B.S. in electrical engineering and an MBA from Rochester Institute of Technology explained how those who use her invention, the PICOwatt Smart Plug, save energy because they have the ability to shut down power devices, such as air conditioners, remotely.  She encouraged an engineering student in the audience to apply to as many competitions and scholarships as possible to help fund projects,  critical to entrepreneurship.

Green Impact & Job Creation

At the conference luncheon, New York City Mayor Michael Bloomberg called for action on the local, national and state level for investments in renewable projects, which are critical to reach energy innovation. He also discussed the shift to greener energy, noting that while 13,000 people die from coal pollution each year, there have been no such fatalities from cleaner energy generation such as fracking, solar, or nuclear power. Pulitzer Prize-winning author Daniel Howard Yergin also spoke of the major impact of green energy on the global energy markets, claiming that shale energy has helped support 1.7 million U.S. jobs.

The Advanced Energy Conference, in its seventh year, is organized by the Advanced Energy Center, a New York State-designated Center of Excellence based in SUNY's Stony Brook University.

Check back for additional coverage and exclusive interviews from the conference at IMT Career Journal.