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Markets & Forecasts

Companies need to get wise to smart power

Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum.
By Peter Stewart 12 June 2017 World / Supply & Demand 0 26331
German utility E.On is turning its focus to new energy models. (E.On)

The transformation of power systems over the next two or three decades will be comparable in scale to the transformation of industry during the first Industrial Revolution (1760-1820). This change will happen, come what may; whether or not the US pulls out of the Paris Agreement.

Much has been written about the disruptive nature of technological change in the power sector. The degree to which companies will have to transform their structures and business models in response to this change has been less discussed. However, the...