The global energy and utilities industry trend is shifting towards clean energy transition. Nations' commitment to more green technology draws the industry to capture value by growing clean power and shifting the economy toward electrification.
The energy industry globally covers the process of generation, transmission, distribution, and sale 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 an interconnected network for electricity supply. There is an energy transition trend to more sustainable solutions due to environmental regulations, concern for sustainability, and climate change. Renewable and green energy are transitioning to be integrated into the national electricity grid which is increasingly phasing out “dirty” fossil fuels in the power sector and instead providing lower carbon emissions and other types of pollution. Digital operations also play a vital role in the industry, with it moving to the Internet of Energy (IoE), which refers to the upgrade and automation of electricity infrastructures for energy producers. This move 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 use. 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. Closely 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 them 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. The 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 manufacturers 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 state bodies. Ownership of water infrastructures and operations are fragmented depending on the country. Some are owned by the local government or national government but some are private ownership, co-operative ownership, or related to NGOs.
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 in 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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