Digital technologies will underpin the transformation of the global energy system in the coming years by making it more integrated, reliable and sustainable, with expectations, according to a new Bloomberg New Energy Finance (BNEF) study, that the software-driven market will grow to $64bn by 2025.
The BNEF report points to the shift from the fossil fuel industry’s current focus on digital services for operation and maintenance (O&M), estimated at $24bn this year billion in 2017 – some 44% of the total market size – to a prosumer-led demand hinging on “home energy management” as innumerable rooftop solar panels, batteries and EVs are wired in around the world.
