Pioneering the transition to a new energy future built on digital technologies relies on expanding our scope to encompass a wider definition of the future of energy.
Energy infrastructure will converge with other infrastructure. Buildings will have photovoltaic panels and turbines to generate energy and store it for times of peak use. Battery technology and other forms of energy storage will be integrated into homes, cities, vehicles and streets, allowing energy to be stored and drawn down from multiple points with the entire city acting as a smart grid and smart energy storage network.
We will also see opportunities for existing infrastructure, petrol stations for example, to be reimagined and reused as energy generation, charging and storage hubs for fleets of smart electric vehicles, which in time will be autonomous and driverless.
The future will also demand far more energy to power a connected world but that energy will be cheap and abundant as a result of localized, renewable energy production and microgeneration. It will also be smart and controllable, enabling consumers to regulate what they use and when and to sell excess energy back to the grid from the home, office and municipal generation facilities.
We condense this extended network of the future of energy into three Focus Areas:
The energy system will shift to a decarbonized, decentralized and digitally-interconnected system. Digital technologies are the key enabler for this transition and are set to make energy systems around the world more connected, intelligent, efficient, reliable and sustainable.
One aspect of this transformation that presents great potential is the ability to break down boundaries between energy and adjacent sectors, increasing flexibility and enabling integration across entire systems.
As a result, we believe now is an unprecedented time for attractive investment opportunities, and a call for action for today’s energy industry.
While cities transform, various kinds of technologies have emerged as a means to improve the quality of life of their citizens. Rapid urbanization however has led mankind to face a number of challenges that must be overcome in mega urban areas.
The consequences are far-ranging and incising: freshwater scarcity, mountains of refuse, permanent traffic gridlock and air pollution. How can municipalities master these challenges with their tight budgets?
One key solution is smart cities. Smart cities are intelligent and connected cities, contributing to a better quality of life and reduced resource consumption.
We believe that the future of cities and energy will be shaped by advances in technology.
We will tap into the frontier and deep technologies that promise to shape the future of cities and energy in the years to come, including the fields of AI and Machine Learning, Blockchain and Cyber Security.