The Evolving Energy Transition: Navigating Digital Transformation in the Present Day

With the resource prices going sky-high and the energy crisis getting closer than ever, we all want to wake up in a world where fossil fuels are a thing of the past and carbon dioxide emissions are cut down to net zero. But, in practice, it takes more than meets the eye. Businesses struggle with energy transition and find themselves in a new environment they are unprepared for.?

Digitalization and the switch to alternative energy are among the leading solutions available to companies worldwide. But how do they work? How can tech developments help reach efficient energy management and reduce costs? In our first newsletter, we gathered answers to these questions.

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Here are just a few of the highlights of the ongoing energy sector transition across the globe.

What happens next?

Just as the world began embracing a greener future, the full-scale Russian invasion of Ukraine in 2022 sent shockwaves through our global quest for zero emissions. This turn of events has rattled the foundation of our green energy revolution, leaving the battle against climate change hanging in the balance like never before.

In reaction to the Russian invasion of Ukraine, the EU adopted sanctions against Russia to diminish its financing of the war and introduced a plan to reduce the dependence on Russian natural gas. This has large consequences on the European and worldwide energy markets.

Businesses have placed a strong emphasis on the adoption of energy-efficient solutions, harnessing the advantages of cutting-edge technologies such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), not only to survive but also to maintain their competitive edge in their respective markets.

Connectivity and advanced technology have become pillars of strength for energy-dependent industries. Solutions that collect data about energy usage, make predictions, and promote data-driven decisions are becoming a must-have for every energy-conscious business. Going green nowadays means going digital.

Taking into consideration the rapid industry transition and coming energy crisis, companies should make tough decisions on which their survival and profitability will depend.

As a digital transformation partner for companies in the energy sector, we prepared an eBook where our experts explain how businesses from energy-intensive industries can leverage technologies to adapt and grow.

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What can businesses from the energy sector get from going digital?

By bringing automation with utility management software, industries can operate more efficiently. IoT and AI can help predict and schedule maintenance works, thus extending asset life. Forecasting the future can help determine the best energy use and reduce the risk of overspending the budget. Below are the benefits of digital transformation in regard to energy efficiency for businesses and the environment:

• An accurate understanding of energy consumption
• Control over energy consumption?
• Reliable power supply
• Energy systems save costs
• Increased global access to energy
• Reduce emissions and air pollution

Case study

Our client from Denmark, who specializes in city lighting, realized the opportunity to significantly cut energy consumption, decrease carbon dioxide emissions and stay ahead of the game by taking advantage of IoT and cloud technologies.

For this client, we created a complex IoT system that visualizes the entire street light installations in the city and provides real-time monitoring and remote control of their operations.

The smart street lighting solution, implemented on a city scale, reduces energy consumption by up to 75%, lowers carbon dioxide emissions by up to 30%, and cuts maintenance costs by up to 50%.

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What actions can businesses take right now?

Thank you for reading the first issue of “Euristiq: Next in Tech” and stay tuned for more!