Energy And Utilities Industry Trends

The evolving trends are already visible in the form of smarter grids greener and cleaner sources of energy greater customer choices and the resultant empowerment.

Energy and utilities industry trends.

Technological trends that will rule the energy and utilities industry in 2020 by cioreview the utility industry is currently facing intense competition from the service providers and introducing new technologies and. Energy storage will disrupt consumption patterns. Natural gas dominated the us power generation mix 44 against wind and solar which accounted for 12 of the us total energy capacity. Updated july 22 2020.

The lines between oil gas companies and electric utilities are beginning to blur as traditional fossil fuel companies invest in the low carbon transition. Consulting firm deloitte has released its midyear 2020 power and utilities industry outlook with insights to help the sector navigate increased uncertainty and challenges due to covid 19. We use cookies to deliver the best possible experience on our website. Despite valuation challenges posed by volatile commodity prices an uncertain demand outlook and global travel bans impeding deal execution we believe interest still exists in doing mergers and acquisitions m a in the energy utilities resources eu r 1 industry at the right time.

Although some of the trends around climate goals distributed energy resources der and growth will continue the covid 19 pandemic has catalysed the transition according to the study. The power and utilities industry started the new decade in a strong position identifying new opportunities for growth while leading the economy wide clean energy transition. Here are the key trends that will shape the e u industry. From decentralized renewable energy to electric vehicles the revolution has begun.

The energy sector has reached a point of transformation. The carbon neutrality agenda continues to transform the industry and drive deal activity and capital. Utilities will increase their investments in electric vehicles charging infrastructure and analytical solutions to better integrate evs and grid demand response strategies. As digitalization transforms the energy and utilities industry cios must take the lead in tranforming their organization into a digital utility.

Electrification is gaining momentum. These trends are durable and will continue in 2020 and beyond across the us. Moreover as renewable energy penetration pushes higher in each grid utilities will have greater urgency to develop demonstrate and implement better management approaches for intermittent sources of power generation.