These are quickly ushering in a new energy system, transforming our world into one where cleanly generated electricity will power almost every aspect of our lives” “A revolution in the power sector is driving rapid change in renewable energy supported by digital technologies, the falling cost of battery storage, and empowered consumers.
#COUNTDOWN HUMAN RESOURCE MACHINE DRIVERS#
The latest analysis, covering Europe, the US, Oceania, the Gulf Cooperation Council (GCC) countries, China, India and Latin America, indicates that these drivers are progressing faster than even the most ambitious estimates, bringing forward the tipping points by as much as two years.īenoit Laclau, EY Global Energy Leader, says: Renewable energy technology advances, innovation in storage and digitization and increased distributed energy generation are accelerating the pace of the global energy transition, according to the latest EY research in collaboration with IDC, a leading global analyst house.Ī year ago, EY teams and IDC mapped the major drivers to determine when three tipping points would forever change the way utilities do business and set the industry on a countdown to reinvention. Distributed generation gaining momentum.
Most markets have revised policies towards more ambitious clean energy targets.
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