Welcome to a new series of Momenta Digital Insiders. These are short pieces that complement our longer, more in-depth deep dives. They'll tell you key takeaways and explore different aspects of the market evolution, and why it’s relevant. In our first Digital Insider, we explore the future of renewable energy - including examples of growth, challenges and opportunities. We contend that it's time for the groundwork for the Internet of Energy.
Disruption catalysts are at hand
Solar energy is on the verge of becoming the cheapest source of power on a global basis, without any subsidies:
Author Tony Seba in suggests that by 2030 all new energy generation will be solar.
By 2025 all new vehicles will be electric and all new vehicles will have driverless capabilities.
Over time, the energy grid evolve into an "Internet of Energy".
Customers will upload and download energy on the grid, with transactions likely tracked on applications running on blockchain architecture.
It's time for the groundwork for the Internet of Energy
The cleantech industry needs to face the impact of the removal of subsidies.
For O&G, an economic slowdown could further dampen prices, creating additional pressures to leverage analytics and AI to optimize operations and preserve assets.
Utilities will need to plan carefully for the transition to a next-generation grid
The strong labor market presents challenges to incumbents who must compete for talent
The pace of change will continue to be governed by regulatory structures, organizational inertia, incumbent competitive dynamics and the vast interdepencies between transportation, industry, energy and government.
We look for winners to lead with vision and mastery of the technology, but above all to bring a new digital culture to the fore.
Want to know more? Take a look at our Deep Dive for a more in-depth analysis.
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