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DigitalSolutionsfor
theEnergySector
ADigitalCatapultwhitepaper
May2024
Thedevelopmentofthiswhitepaperwas
part-fundedbytheHydrogenInnovationInitiative.
DocumentUserGuide
StartofsectionPreviouspage
ContentspageNextpage
sIntroduction3
t
UKdigitalsectorand4
nkeytechnologies
e
tEnablingnetzeroinfrastructure8
nMaximisingflexibilityin21
otheenergysystem
CFuturechallenges25
2
2
Introduction
Theenergyindustryisexperiencingasignificanttransition
towardsdecentralisation,decarbonisation,anddigitisation.
Thistransitionwillprovidenewopportunitiesand
challengesforinvestmentandgrowthforbothdomestic
andinternationalplayers.
Energystakeholdershaverecognisedthataccessto
live,usabledatahasbecomeessentialtomanaging
energysystemstodayandinthefuture,andthatdigital
technologiesareacrucialtoolinthejourneytonetzero.
Inthe2023updatetoTrackingCleanEnergyProgress
(TCEP),theInternationalEnergyAgency(IEA)reportsthat
worldwidegrid-relatedinvestmentindigitaltechnologieshas
grownbyover50%since2015,withtotalgridinvestment
expectedtohavegrownby19%in2023.Duringthisperiod,
investmentindigital-relatedgridefficiencycontinuedto
grow,reachinganewhighofUS$63billiongloballyin2022.
TheIEAalsoestimatesthatoverallinvestmentinelectricity
grids‘needstoaveragearoundUS$600billion
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