According to the reports of the EU Energy and Environment Sub-committee, the energy industry of the UK post Brexit may be more vulnerable to energy shortage. This puts the UK under tremendous pressure to become self-sufficient on the energy front. To that end, the energy industry of the UK has embraced new-age technology such as artificial intelligence (AI) to maximize the value of renewable energy such as solar. Driven by cutting-edge machine learning (ML) algorithms, AI has the ability to identify climatic patterns based on both live and historical weather data. It processes a huge amount of data with faster and better computing for enhanced weather forecasting. As a result, energy bills and carbon emissions can be lowered to a considerable extent. Also, with the energy systems worldwide continuing to decarbonize and decentralize, there has emerged an increasing demand to manage and predict the distributed constituents of renewable, EVs, and battery storage. AI becomes essential in managing these aspects.
Simultaneously, as the UK retail electricity prices have increased in recent years, the energy tech world has introduced blockchain-enabled transactional digital platforms that can bring down the operational costs for the industry players. Blockchain supports increased efficiency, transparency, fast and automated processes, which can lead to a decrease in capital requirements for all the energy firms.
In this edition of Energy CIO Insights, we bring the annual list of Top 10 Energy Technology Solution Providers in the UK. We hope this issue helps you build the partnership you and your firm need to drive success.
We present to you Energy CIO Insights’ “Top 10 Energy Technology Solution Providers in UK - 2019.”