"Digitization of the Energy Sector: Why Much Really Changes"

Why is entrepreneurial risk more in demand than ever? What role do start-ups actually play and when, how and where does digitalisation come into play? A presentation based on different value-added areas of the energy sector.

 

Philipp Richard has been working as an industrial engineer in the energy sector for 10 years and is responsible for digital topics at dena. Political and international dialogues shape the daily routine with the aim of achieving the climate goals. The exchange with start-ups is of high priority.

 

Key Takeaways "Digitization of the energy industry: Why much is actually changing"

  • Climate change sets the political agenda for 2019. This has significant implications for the German energy sector. In the foreseeable future, both nuclear power generation and fossil fuels will be used as the main sources of energy.
    can be dispensed with.
  • However, the discussion about the environmental compatibility of energy generation takes place in the area of conflict between economic efficiency, security of supply and acceptance by the population.
  • What is changing for the energy industry?
    • A high degree of decentralisation can be expected.
    • Digitization and automation will increase.
    • Sector interoperability needs to be strengthened.
    • New and innovative market players will enter the competition.
  • These developments naturally entail risks. But every risk also offers an opportunity et vice versa. Thus, digitization multiplies the space of market fields and business opportunities.
  • One example is the confidence building within the industry: Blockchain technology can create confidence in correct data records. On this basis, parallel AI use cases (e.g. with regard to better forecasts) can be developed.
    can be developed.
  • What companies need to do:
    • Bringing together the existence of climate targets and entrepreneurial attitudes and positively confirming the issue of digitisation
    • Increase risk appetite for data-driven business models and promote fair partnerships
    • Training courses / specialist training / expansion of cooperation in the IT area and establishment of interdisciplinary teams
    • Learn more about practical topics and create experimental spaces

 

Full lecture in live recording

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