WePower, a start-up based in Lituania wants to make renewable resources available to everyone for which it is using a Blockchain based green energy trading platform. The sole motive of this platform is to connect investors with renewable energy producers. Another Germany based start-up, Entrade operates to convert waste usable power. They gasify trash in the advanced 40 feet containers and burn it in order to produce electricity. There are other companies across the world that are trying to give a major push to the energy & utility sector so that more and more conservation of non-renewable energies and production of renewable energies to sustain the current generation can be made possible.
The energy & utility industry is undergoing
massive changes and there are some prevalent trends regarding it that need special mention.
Storage of energy to disrupt consumption
According to industry experts, the demand for coal and natural gas will come down with the concept of lost-cost energy storage. It will also boost the system of renewable energy production. Increased usage of smart energy devices and advanced storage solutions will be set in tone if the objectives in this domain are achieved. Elon Musk’s Tesla is emerging as one of the most important players in this sector.
Centre stage for renewable energy
Gradual depletion of non-renewable energies has become a major concern for industries all around the world which is why innovation in the sector of renewable energy production has increased multi-fold. In order to strike relevance and competence in the market, top energy & utility companies have started investing more on the production of renewable energy. Some of the E&U companies have decided to turn around the whole process and get all the clients hundred per cent renewable energy for business needs.
There are other developments that have been observed in this industry which says that the self-generating industries will flourish in days to come. Digitisation of platforms will be fuelling more and more sharing economies and the adaptation of outcome based regulatory structures will also increase in the E&U segment in near future.
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