Energy & Utilities
Industry challenges
Today, the global energy industry faces a myriad of disruptive challenges, including changing customer needs, regulatory push for decarbonization of the grid, and new competitive business models:
- Technology: New entrants explicitly making use of the latest technologies, such as blockchain, challenge traditional business models
- Decentralization: Distributed energy systems and “prosumerism” disrupt traditional business models of centralized and integrated utilities
- Customer action: Customers have adopted demand response technologies and energy efficiency measures that curb consumption in the long run
- Decarbonization: Global decarbonization efforts drive the energy industry towards increasing adoption of low-carbon technologies to reduce emissions
- Safety and reliability: Utility firms have to integrate safe, reliable, affordable and sustainable energy sources in times of rapidly changing consumer preferences and regulatory environments
