The whole power industry is in transition with significant changes and new challenges for energy systems. This transformation is being driven by the trends of decarbonization, decentralization and digitalization. The generation landscape is shifting to a balanced energy mix with renewable sources such as wind and solar gaining more and more importance.
According to the new Whitepaper “Digitalization of energy systems” by Bloomberg New Energy Finance (BNEF), the parameters in the energy market will change with large scale renewables feeding cheap and plenty power into the grid. “The new challenge is to reorganize the energy system to make it more efficient, resilient, and digital”, BNEF concludes.