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Frost & SullivanEnergy & Environment
Innovations in Energy & Cleantech: What’s hot and what’s attracting investment?
John Raspin, Partner, Energy & Environment
BusinessOulu Industry SummitOulu, October 2017
Top 10 Converging Factors Defining the Future of Energy“Connectivity and integration are driving new energy technologies, industry structures and business models with sustainability at the core”
Source: Frost & Sullivan
GlobalEnergy
DemandEnvironment
EnergySupply & Costs
Sustainability
Carbon Reduction
Market De-Centralisation
New Business Models
E-Mobility
Internet of Things
Energy Efficiency
Water Stress
Circular Economy
Smart Cities
Big Data
Capacity Optimisation
Connectivity& Integration
Efficiency &Intelligence
The Future of Energy … the 3Ds “Energy will be cleaner, more accessible, intelligent, connected and responsive; Digital transformation will converge with business transformation”
Source: Frost & Sullivan
DECARBONISATIONShifting generation, transmission, distribution and usage towards a lower carbon future. Renewable energy, e-Mobility, energy efficiency, new and future fuels, demand side management, etc.
DECENTRALISATIONNew DG models with a proliferation of distributed and connected generation, closer to the point of use.Distributed generation, energy storage, microgrids, prosumers, VPPs, P2P, etc.
DIGITALISATIONDigital technologies to provide infrastructure for more flexible, intelligent, connected & responsive energy systems.Smart grid, asset optimisation, demand response, automated trading, active energy management, etc.
44% of global generating capacity from renewables by 2025
1,600 GW of renewables capacity added between 2017 & 2025
12% of global generating capacity from DG by 2025
65% of DG investments will be distributed Solar PV
50 Billion connected devices –or ‘things’ - globally by 2025
>$1 Trillion economic value of IoT impact in energy by 2025
Areas of Innovation in Energy & Environment TodayMajor focus areas of innovation efforts around the world
DigitizationMeter data, online sales, IoT & Big Data analytics
Connected LivingSmart homes & customer
engagement
Energy StorageGame changers in utility
scale, I&C and residential
E-MobilityCharging infrastructure,
storage, V2G
New DG ModelsVPP, 3rd party, Leasing,
Hybrid power etc.
Smart CityConnected energy, water,
mobility, buildings, W2E etc.
Services 2.0Next gen EMS, performance
contracting, XaaS
Water 4.0Smart technology in
treatment, networks, usage
Source:Frost&Sullivan
Emerging High Impact Areas of Strategy & Innovation Focus for Energy
The Cognitive EraLooking beyond machine
learning to an AI future in the management, control and
usage of energy and resources
RobotsThe Rise of Intelligent,
Autonomous & Collaborative machines to be deployed
across the Energy value chain
BlockchainEvolution of Blockchain
technology to support trading, sharing, contracts, payment,
peer 2 peer models, prosumer engagement etc.
Industrial IoTIndustry 4.0, IIoT, energy
optimisation and the future of industries
Source:Frost&Sullivan
Business Models: The Next Wave of Innovation in Energy“We’re already seeing an accelerating shift from supply-driven to customer-centric and technology enabled business models”
Source: Frost & Sullivan
Virtual Power PlantsConnectivity enabling
aggregation and trading
Anything as a ServiceGrowth in XaaS Models
Peer to PeerP2P energy sharing and
trading by prosumers
Distributed EnergyOn-site power and ’Prosumer’ models
Performance ContractingGuaranteed efficiency
outcomes
Demand ResponseAutomated management of
demand profiles
Cloud ServicesDigital transformation and
data analytics
MicrogridsFacilitating growth in distributed generation
Top 5 Innovation Areas in Energy“Innovation will continue to focus on converging technology, business models and customer engagement, while ensuring the highest levels of data and system security”
Source: Frost & Sullivan
Big Data, IoT, cloud, artificial intelligence & machine learningalgorithms for automation and energy management
Connection and integration of energy prosumers, grid assets, electric vehicles, energy storage and electricity demand
Cyber Security for managing and securing smart/digital energy systems and networks
New business models for renewables, storage, energy efficiency, asset management, smart networks, buildings and homes
Customer engagement tools for a new energy future
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Digital Energy Innovation Hotspots
Source: Frost & Sullivan
Generation TradingTransmission & Distribution Retail Consumption
Big Data, IoT, cloud, AI & machine learning
Connection & integration
Cyber Security
New business models
Customer engagement tools
The Increasingly Complex Energy Management EcosystemConvergence of Technology & Competition among Leading Players
Source: Frost & Sullivan analysis
HEMS& BEMS
Energy & Sustainability
Software
Building Automation Data Analytics
IoT & Cloud Services
Energy Management
Controls and Devices
Micro-generation & Renewable
Energy
DemandResponse
Communication & M2M
Smart Metering &
GridsFacility
Management/ Performance Contracting
Energy Management & Accelerating InnovationRecent Examples of Emerging Companies, Start-Ups and New Entrants
Source: Frost & Sullivan analysis
HEMS & BEMS
Energy & Sustainability
Software
Building Automation Data Analytics
IoT & Cloud Services
Energy Management
Controls and Devices
Micro-generation & Renewable
Energy
DemandResponse
Communication & M2M
Smart Metering &
GridsFacility
Management/ Performance Contracting
Start-Up, Scale-Up and SME Landscape & Ecosystem (1)
BuildingAutomation
Controls&Devices
DataAnalytics,IoT &CloudServices
SmartMetering&Grids
DemandResponse
Source:Frost&Sullivan
Demandresponse,demandsidemanagement,
aggregation,balancingetc.
Buildingautomationsolutions,homeautomation,smart
windows,BMShardwareandsoftware
Metering,datamanagement,customerengagement,
networkoptimisationetc.
Connectedlighting,HVAC,smartcontrols,thermostats,
etc.
Segment
SaaS,buildingperformanceplatforms,CMMS*,data
science,buildingscienceetc.
Start-Up,Scale-UpandSME ExamplesExampleSolutions
*CMMS=Computerisedmaintenancemanagementsystem
Start-Up, Scale-Up and SME Landscape & Ecosystem (2)
Communication&M2M
Micro-generation&RenewableEnergy
HEMS&BEMS
FM&PerformanceContracting
Energy&SustainabilitySoftware
Source:Frost&Sullivan
Dataacquisition,analytics,reporting,benchmarkingetc.
Connectivity,networking,M2M,blockchain,peerto
peer,etc.
Energyservices,CAFM,FManalytics,smartworkplace,booking/schedulingsoftware
Renewabletechnologies,optimisationsoftware,etc.
Segment
Energymanagementsolutionsforhomesandbuildings(hardware&software)
ExampleSolutions Start-Up,Scale-UpandSME Examples
Conclusions and Lessons so FarInnovation must focus on the digitalisation of energy, new customer-centric business models and holistic productivity solutions
Source: Frost & Sullivan
2After a period of unprecedented technology innovation and advancement, the emphasis is shifting to business model innovation to bring technology to life and maximise impact. The highest impact will be seen in customer-centric service business models based on guaranteed outcomes, typically enabled by IoT.
3Partnership, collaboration and co-creation of services will be key to meeting the growth objectives and sustainability visions of customers. The factors defining productivity are unique to each company and success depends on the definition, capture, management and optimisation of core performance data across the enterprise.
1The energy management world is moving beyond TCO and energy efficiency. Next generation solutions are focused on convergence of digital energy technology and services to deliver value propositions to enhance total business productivity, with energy at the heart.