The world’s energy markets are transforming

The global trend to reduce carbon emissions has seen a renewed focus on commercialising sustainable energy sources, improving infrastructure and improving efficiency. This follows a landmark agreement between 195 nations at the United Nations Climate Change Conference in Paris in 2015.

As states and nations develop their pathways to this low carbon future, they remain challenged with supplying reliable and affordable energy and it’s interdependence with economic growth, prosperity and welfare – with the International Energy Agency’s World Energy Outlook indicating that global energy demand could increase by 40 percent by 2030.

Digital transformation and the digitisation of infrastructure are key macro themes our clients see as both impacting their existing business, reshaping their business models, and driving them to innovate in a range of areas including: smart grids and meters; distributed generation; the deep penetration of renewables; the challenges of household generation and storage on existing networks and utilities.

The plethora of digitally enabled services and solutions being developed such as energy management, storage, peer-to-peer trading, virtual power stations, demand management and data analytics will also need consideration.

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