The two trending topics, digitization and industry 4.0, are closely linked to the term Internet of Things (IoT). IoT is understood as an enabler of change in society and industry. Business models and connected applications fundamentally change the way how businesses, humans and environments communicate. This certifies the disruptive character of IoT. And the expansion of renewable energy sources and decentralization of power generation also promotes the potential of IoT in the energy sector.
The increasing infeed of fluctuating generation of the renewable energies presents huge challenges for the energy supply system. Those cannot be solved by grid expansion, generation and load management as well as existing storage technologies. But the required long-term storage to cover longer lasting weather-related production gaps can be made possible with the aid of the power-to-gas concept, the coupling of electricity and natural gas networks.
This year, EXXETA is launching a unique cooperation with the Academic Energy Association Leipzig and the University of Leipzig to organize an energy conference entitled “Utility 4.0: the Energy Industry of Tomorrow”.
The term “digitization” increasingly affects the public discussion, the political agenda and, above all, strategic and operative decisions of established companies in the German and European economic regions. The German energy industry has also taken up the discussion and recognized the digitization as an enabler for the Energiewende.
In light of increasing national and international competition companies must be able to react innovatively and flexibly to new market requirements in the future. EXXETA GmbH offers a comprehensive range of training and further measures for companies from the energy industry as well as for those interested in the industry. The offer ranges from one-day seminars and workshops to intensive, individual coachings.
So far it is not possible to estimate the future impact and business models of Blockchain technology. On March 30 2017 two EXXETA colleagues traveled to Frankfurt/ Main to attend the BDEW Forum “Blockchain – an opportunity for the energy industry” to discuss with other participants on viable business models with the Blockchain technology in the energy industry.
In the first part of our report on blockchain, we claimed that the blockchain is an innovative technology that allows users to perform direct, fast, and forgery-proof transactions. While there are already some wellknown commercial applications in the financial sector, the use of Blockchains in other sectors, such as energy has so far been limited to a few pilot projects.
Blockchain technology experienced an explosive attention rise in 2016 and was placed by IT experts at the top of the trend curve, the so-called peak of inflated expectations. Analysts from Gartner Inc. are confident that the Blockchain technology is not just a hype but promises numerous potential applications for the future. Can this technology meet indeed these high expectations? At the moment, companies from different sectors are wondering whether it is worth to invest in this trend.