Technologies Impacting the Future of the Energy Sector

Ten Technologies Transforming the Energy Sector
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Published: 26 Sep 2016

The energy sector is currently undergoing a dramatic change, where the increasing adoption of renewables is changing the entire global energy landscape. The rise in distributed energy generation has reduced the influence of power utilities, and many energy stakeholders will likely have to refine their business models, so as to remain competitive and relevant in the future. Major trends such as the proliferation of digital solutions to improve performance and increase energy efficiency is also expected to continue for the long term. Key technologies impacting the future of the energy sector include those categorized as power and transmission (solar energy, wind energy, biopower, natural gas, and grid energy storage), electronics (power electronics for grid, and energy-saving lighting), and communications (energy management systems, data analytics, and grid cybersecurity). Key factors driving the development of these technologies include concerns on climate change, and governments' energy policies.

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