Solving Energy Problems

Solving Energy Problems-12
Digitization also can increase the competitiveness of renewable energies.

Digitization also can increase the competitiveness of renewable energies.

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By using digital technology, the smart grids of the future will connect individual producers and consumers to form an internet of energy that ensures a reliable, stable power supply.

The fragmentation of our energy supply means that systems and boundaries that were once fixed, such as the walls between public utilities and consumers, are breaking down.

This is mainly due to the dramatic increase in the number of vehicles in developing countries.

In China alone, that number more than quadrupled within the last decade to roughly 200 million. Experts expect an 80 percent rise in global electricity generation by 2040.

After all, the global population is projected to increase by nearly 2 billion people by 2040, according to U. What would be the impact on our environment if roughly half of the power consumed by this growing population were generated by fossil fuels?

Certainly the world’s climate goals would be at risk, particularly the objective of limiting global warming to a maximum of 2 degrees Celsius.

This was possible only thanks to efficiency gains through digitization. Our increasingly complex, decentralized energy landscape is generating huge volumes of data.

To see how this is changing, we can look to the jump in the number of networked devices.

Instead, there are new networks of producers and consumers, and completely new business models for buying and selling energy.

These changes have led to many ideas for a convergence of industries, technologies, value chains and commercial processes.

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