Innovation pace setters
$ 33.42 billion by 2030 from $ 12.33 billion in 2020 , with a compound annual growth rate ( CAGR ) of 10.5 %.
" Power grids are the backbone of the energy transition because they are a fundamental enabler of demand electrification and decentralised renewable energy ( RE ) integration . Hence , the digital transformation of power distribution companies and energy suppliers is a major trend that represents a considerable business opportunity ," said Maria Benintende , Energy & Environment Research Analyst at Frost & Sullivan . " While digital investment has been traditionally aimed at the digitisation of internal processes to reduce workloads and save costs , it is now increasingly being aimed at reinventing business models and creating
Innovation pace setters
The EcoFlow DELTA Pro portable home battery has been named in TIME ’ s 100 Best Inventions of 2021 , in the Sustainability category .
• Arevon , Brookfield Renewable Partners , Devon Energy , DCP Midstream and OneOk were among the ThoughtTrace Innovation Awards Winners for discovering novel ways to use AI to optimise workflows .
• Korean AgriTech startup N . THING has been named a CES 2022 Innovation Awards Honoree for Sustainability , eco-design and smart energy .
energydigital . com 45