Digitization and Platform Economics Enable New Energy and Building Industry Business Models

  • Date: 10-Sep-2020
  • Source: Forbes
  • Sector:Economy
  • Country:GCC
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Digitization and Platform Economics Enable New Energy and Building Industry Business Models

By: Ashok John, Carsten Petersdorff

Artificial Intelligence technology for backgrounds



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The energy industry evolution provides opportunities for businesses to engage in a highly digitized and integrated environment and gain revenue from new value streams and business models. This major transition“”driven by decarbonization of the supply and demand sectors“”to a clean, intelligent, mobile, and distributed energy system comes with a host of challenges but also opportunities. Due to the fluctuating and intermittent nature of renewable energy, distributed energy resources require additional flexibility potential on the demand side (e.g., buildings, industries, and mobility) to enable a robust and reliable supply system. The digitization and electrification of these components is essential to integrate various flexibility sources into the supply sector.

According to Guidehouse, cross-sectoral energy