The Energy and Utilities sector faces radical transformation. Distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. These changes are happening now. Survival for utilities will depend on their ability to develop new capabilities, different business models and a mindset centred around agility and collaboration.
The global shift towards more climate-conscious energy efficiency has accelerated the need for sustainable technology to deliver a cleaner, greener and fairer energy system. The UK’s 2050 net-zero pledge deadline looms. Together, the IPCC’s latest report on climate change, COP26 and the UK government’s 10-point-plan for a green industrial revolution have added greater focus. Businesses and consumers alike have a growing appetite for implementing sustainable initiatives.
Technologies for renewable electricity generation, energy storage and power grids are essential to decarbonise existing supply and meet growing electricity demand from rapid electrification of buildings, transport and industry.
Clean technology, modern power systems and green energy sources present a vast investment opportunity for businesses.
Digital disruption is challenging the way organisations manage their legacy applications, infrastructure and how they respond to a rapid rise in cyber security attacks. The sector is also facing a significant skills gap that has been exacerbated by early retirement during the pandemic.
To address these challenges, the sector is undergoing a major change in the form of various digital transformation initiatives, with opportunities created using IoT, Blockchain and Robotic Process Automation (RPA). Data analytics can enable the organisations to unlock the power of customer data to transform into business insight.
Many organisations are leveraging the capabilities of cloud-enabled digital twin technology to maximise asset performance, predict power outages and integrate distributed energy resources. There will be further investment also in technology to develop outstanding customer experiences that help organisations to retain and grow their clients.
At SCC, we have been working with the UK Energy and Utilities sector for over 40 years to deliver innovation, digital transformation and innovative IT services.
We are uniquely placed to support the sector in this digital journey of change. As a privately owned UK organisation, our investment continues despite ongoing economic uncertainty and low growth seen within the wider European economy.
SCC is proud to support the sector and has the agility and flexibility to take advantage of this new age of digital transformation.
We look forward to supporting the sector on this exciting digital journey of change.