What Investors See as the Four Surging Utility Trends for 2021
- Jan 23, 2021 3:30 am GMT
This item is part of the Special Issue - 2021-01 - State of the Industry, click here for more
COVID-19 made 2020 one of the most unpredictable years in recent memory. IEA forecasts global 2020 electricity demand declining 2%, the largest fall since the mid-20th century. But while some of the utility sector’s clearest trends experienced kinks in 2020, others were supercharged. For example, global renewables capacity grew 6.6%, its largest ever growth in absolute terms.
Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.
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