By Mhicole A. Moral
End-to-end digital energy solutions platform SolX Technologies, Inc. bagged the top award in the Wildfire X Startup World Cup Philippine Regional Competition during the IGNITE 2023 on Oct. 13 at Fairmont Makati.
SolX Technologies topped nine other early-stage startup finalists. They will represent the Philippines at the 2023 Startup World Cup Grand Finale in Silicon Valley, with a chance to win the $1-million grand prize.
In an exclusive interview, SolX Technologies Co-Founder and CEO Sergius Santos stated the importance of providing digital energy solutions to help make cost-effective decisions with energy consumption.
“SolX provides three core technologies. Our proprietary hardware allows real-time data acquisition from any smart meter brands and sensors. It fully encrypts the data, which is used to verify electricity bills and utilize it to get the best energy contract. Second, the energy contract optimization system matches customers with the fittest energy portfolio, including suppliers, grid-connected, and self-generating assets. We also utilize the data from the first system to recommend key operational changes to further save on energy costs. Third, our anomaly detection system allows end-users to set certain thresholds on important energy parameters to monitor and verify,” said Mr. Santos.
SolX has already saved their clients close to P400 million in energy costs through their system as of date.
“Our technology is 100% Filipino-made, and our team is all from the Philippines. This showcases what our engineers, data scientists, and software developers can make when given the right opportunity,” Mr. Santos added.
The Wildfire X Startup World Cup PH by IGNITE 2023 is part of the Startup World Cup, an annual conference and competition that brings together promising startups, venture capitalists, entrepreneurs, and world-class tech CEOs worldwide. The event will happen in San Francisco, California on Dec. 1.
“To be able to be given an opportunity to pitch in front of Pegasus Tech Ventures, one of the largest funds in the valley, is already a huge upside regardless of the outcome,” Mr. Santos shared. “Hopefully, the Philippines can win the cup globally one day, whether it’s us or another venture. This will strongly impact the narrative towards looking at the Philippine startups and allowing better flow deals to our country.”