Why is the energy sector changing so profoundly?
An important reason is the trend towards decarbonisation due to climate protection. Technical developments mean that renewable energies are today often cheaper than conventional energy even without subsidies. Another driver of this change is digitalisation. Customers expect innovations from energy companies that are already commonplace in other sectors.
What challenges do companies still face?
Energy companies need to focus on future sectors in which they are highly proficient – such as offshore wind or energy-related services. This will enable them to succeed against strong and new competitors from other sectors and exploit important growth opportunities. This applies above all to the end-customer business but also to the areas of infrastructure or renewable energies.
How will the energy world look in the future?
An important trend is the coupling of various different sectors of the energy industry. Electric cars could be used as storage systems for the electricity grid, while the areas of electricity, heating and gas could be combined in sustainable residential districts. The energy industry will experience another period of profound change due to this type of networking.