Top trends in the energy industry 2022
Recent trends in energy focus on the digitalisation of the industry along with carbon neutrality and integration of renewables.
Innovative digital technologies, such as IoT and AI are used for predictive maintenance, digital twins and connected metering, just to name a few.
There is also a lot of movement within the circular economy ecosystem with technologies focusing on demand response and energy trading.
After investigating the industry from multiple different perspectives, we’ve noticed 4 main areas:
Operations & maintanance management
engagement
economy
Sustainability
Investment in energy
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Global € investment in the energy industry. Data from Catapult’s datapool.
As can be seen from the graph above, the growth has been constant, yet moderate. 2021 is where it gets interesting. The investment doubles in one year, from €11B to €22B. (hover to see investment amounts)
2021 was a tremendous year of change in energy and it seems to continue in 2022. The industry is changing rapidly and the only way to stay on top of trends is to constantly analyse the market and be agile.
Let’s dive deeper into these trends!
Operations & maintenance management
Also known as O&M, Operations & maintenance is the general management of different assets.
Below are 5 trending topics in the energy industry that fall under O&M.
- Autonomous real-time monitoring
- Connected meter & billing
- Predictive load management
- Digital twins
- IoT fault detection
Customer engagement
Customer engagement is the emotional bond between a customer and a brand. It’s essentially “how to make your customers happy”.
There are multiple ways to build and stengthen it. However, here are 4 ways that have raised a lot of attention in the energy industry.
- Conversational analytics in customer service
- Thermal condition monitoring & optimisation
- Sustainability reporting
- Contract administration
Circular economy
Circular economy is a concept which aims to optimise the usage of goods. As a topic, it falls under sustainability. However, owing to its importance and relevance in the energy industry, it’s good to emphasise it on its own.
Below are 5 ways the energy industry is tackling circular economy.
- Demand response
- Energy trading
- Decentralised energy resource management
- Energy communities
- Energy storage
Sustainability
Sustainability is defined as the development that meets the needs of current generations without compromising the ability of future generations to meet theirs.
It is a particularly important and trendy topic in the modern world. Below are 4 trends within sustainability in the energy industry.
- Carbon compensation & offsetting
- Energy efficiency
- Material innovation & recycling
- Hydrogen value chains
What to do with this information?
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