Ivan Vekirchyk in the podcast "Realities of Ukrainian Business"

Ivan Vekirchyk, a co-founder of KNESS, visited the podcast “Realities of Ukrainian Business. New Opportunities” with Igor Yasko.

Sharing the keynotes of the talk:

• Business development became possible only thanks to the “pure energy of partnership” of the four co-owners and a powerful team of professionals.
• We have managed to build a high level of trust in KNESS due to the timely and high-quality execution of projects, unique market offers, innovative developments of our RnD center and our production facilities. Today, KNESS covers a wide range of needs in the renewable energy sector.
• RnD Center developed most of our new products from scratch. These are high costs, but they have paid off.
• Our highly qualified specialists were involved in the recent changes to energy legislation along with other market participants. Today, we have positive developments that have been consensually agreed upon by both the government and business.
• Renewable energy can reduce the electricity cost because it is cheaper than conventional energy. 
• For a power system with a maximum share of renewable energy to function efficiently, it needs to be balanced, in particular with the help of short-term and long-term energy storage systems and balancing groups.
• New business models that will facilitate the development of distributed generation are about an active consumer mechanism.
• AI in forecasting is a qualitative symbiosis for optimizing imbalances for RES producers. KNESS already has its own experience in these areas and continues to develop them.
• Artificial intelligence as an assistant can significantly increase efficiency, and thus business effectiveness. The market offer of businesses that have already started integrating AI into their operations and product solutions will eventually become more competitive than others.
• For a brighter and cleaner future to come, we must change our habits. The development of consumer culture starts with energy efficiency.
• As we look to the distant future, electricity may become conditionally free, meaning that its cost will be included in the device cost consuming it.
• There are several scenarios for the development of AI technologies: optimistic when AI will be able to do all the work for us, providing us with all the benefits and pushing us to move into an eternal virtual life, and a pessimistic one when AI becomes uncontrollable. The development of AI is inevitable, but our task is to instill in artificial intelligence the values that allowed humanity to survive through evolution: peace, health, kindness, etc. 

The full version of the chat is available here: https://www.youtube.com/watch?v=sbNJ9-eDlYo 

“Business Realities” podcast is a regular rubric of Winner Law Firm about the experience and life hacks in doing business from Ukrainian entrepreneurs.