At this point, Steve Johanns offered a solution: "We need to rethink what it means to build a big project. Instead of building one big power plant, we need to build thousands of small ones around the world. Micro-grid is the future." He painted a fascinating picture of innovative energy solutions for the developing world, which has a demand for conventional energy, and the developed world, which needs smart energy. Rehan Chaudhri told the audience about an intriguing new project to lay cables between Oman and Mumbai in order to supply India with solar energy from the Arabian Peninsula. Marten Roed advised that lucrative niche markets can emerge in unexpected places – at one point, his shipping company discovered that African states had a great demand for Norwegian stockfish. The audience added to the discussion by asking some thought-provoking questions. The attendees learned that innovative energy projects are most likely to succeed in the developing world, as opposed to when they have to compete with established energy systems in the developed world. The developed world would see evolution, while the developing world is set to experience a true energy revolution. Day Two at the Caspian Week conference is part of that gripping, ongoing story. Stay tuned!
The first conference at Caspian Week 2017 was Women: The Leaders of the Future! A panel of experts came together to discuss the empowerment of women through and in business.
Simona Scarpaleggia (IKEA, CEO Switzerland, Italy), Kim Azzarelli (Seneca Women, Founder, USA), Afsin Yurdakul (Haberturk, Turkey), Preeti Sinha (YES Bank, Senior President, India) and Özlem Denizmen (Doğuş Group, Strategist, Turkey Para Durumu, Founder) concluded that countries where women are educated become global economic powerhouses and that business in turn can help shape culture in favour of women. Together they delivered a compelling call for women to be the leaders of the future!