The global energy and utilities industry trend is shifting towards clean energy transition. Nations commitment towards more green technology usage draws the industry to capture value by growing clean power and shifting economy toward electrification.
The energy industry globally covers process, generation, transmission, distribution and retailing of energy which then can be translated to other purposes. In the energy sector, productivity and profit increase depends on efficiency. Power electrical grid supplies households and consumers via interconnected network for electricity delivery. There is an energy transition trend to a more sustainable supply of energy due to environmental regulation, concern for sustainability, and climate change. Renewable and green energy are transitioning to be integrated into the national electricity grid which are increasingly displacing “dirty” fossil fuel in the power sector, providing lower carbon emissions and other types of pollution. In addition, digital operations play a vital part of the industry moving to the Internet of Energy (IoE), which refers to the upgrading and automating of electricity infrastructures for energy producers. This will further enhance efficient energy production and reduce waste.
The utilities sector provides basic amenities, such as water, sewage services, electricity, natural gas, and heat. For the most part, utilities require a significant amount of infrastructure to provide for public usage. Utilities may be owned by private or state companies depending on the country of origin, but they are part of the public service landscape and heavily regulated. Highly related to the energy sector, utilities follow the movement towards “clean” energy and sustainability initiatives.
Renewable energy, often referred to as clean energy, comes from natural sources. It helps preserve the environment as it produces minimal to zero harmful emissions. The basic principle of using renewables is to extract it from a constant source in the environment which then is converted to produce electricity or fuels. The biggest industry trend lies in the technology and innovation discovery to reduce cost, generate more power, increase efficiency rate, and be more sustainable. Renewable energy sector may include solar power, wind energy, geothermal, hydropower, tidal energy, and biomass energy.
The water industry provides water supply, drinking water, and wastewater services (including sewage treatment) to residential, commercial, and industrial sectors. The water industry does not include manufactures or suppliers of bottled water, which belongs to the food and beverage production sector. Water quality standards and environmental standards for wastewater are usually regulated by the state bodies. Ownership of water infrastructure and operations are fragmented depending on each country. Some are owned by the local government or national government but some are private ownership, co-operative ownership and related to NGO.
Heating for public usage, also known as district heating or heating networks, is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements. Due to heavy investment on installing the heat grid infrastructure, heating networks normally exist in heavily populated or urban areas. The heat is often generated by burning fossil fuels or biomass.
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