Energy Innovation Will Continue to Flourish in 2021
- Jan 22, 2021 1:39 am GMT
This item is part of the Special Issue - 2021-01 - Predictions and Trends, click here for more
2020 has been a year of big surprises and disruptions, something which extends to the utilities industry as well. The pandemic has led to an abrupt end of existing B2B energy consumption patterns and, to a certain extent, also in B2C. The energy systems around the world have had no or little time to adapt to these sudden changes. Given the underlying demand and supply structures of the electrical energy industry, these fluctuations were big for energy, but relatively small compared to the disruptions other industries have seen. Overall, it is fair to say that utilities have proven they can respond with the same robustness as they have in previous crisis moments.
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