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What Lozek said:
“The future of energy will be built on digitalization – without software there can be no decentralised net zero energy system.”
This future, built on digitised energy solutions, has already started – with a new wave of energy startups that use digital tech to analyse, integrate, and optimise energy sources.
According to research by McKinsey, digital technologies have lowered the barrier to entry for new energy companies – allowing startups to create products and services and enter the market more easily. The world’s transition to digital has also catalysed new business models in the industry, like:
And as well as leveraging digitisation to enter the market and access consumers, startups are building their whole businesses around the power of digital tech.
Here are just a few of the innovative energy startups that are making the most of digital tech:
Digitisation is enabling the transformation of every area of the energy industry. In the oil and gas sector, digital tech is being used to optimise efficiency, and integrate conventional power sources with renewables; as well as implementing preventative maintenance measures to energy production facilities.
Across the entire energy industry digitisation is creating greater transparency – so consumers can see where their energy comes from, and how it’s distributed and used. As Andreas Matthé (CEO Business Unit Electrical Products, Siemens Smart Infrastructure) said in an interview with Energy Monitor, “the days of electricity flowing through cables unobserved are numbered.”
And in energy research and development, digital innovations are helping to speed up the process of decarbonisation – by improving project management and execution, and allowing initiatives to transfer knowledge between them.
Read the blog: The decarbonisation of energy in Saudi Arabia
Get your copy of the two latest articles of LEAP's quarterly digital magazine - LEAP Forward ⬇
Read the article on The New Internet, that explores groundbreaking technologies and innovations reshaping the way we connect and communicate. From decentralised networks to quantum computing, this transformative shift promises faster speeds, enhanced security, and limitless possibilities.
LEAP Forward is also bringing you the rising stars of Saudi Arabia - Uvera, a Saudi Arabia-born clean tech start-up that aims to reduce food waste for consumers and retailers, led by Asrar Damdam (Founder, Uvera). Asrar Damdam share's her inspiring story and remarkable achievements with us in this captivating article.
Have an idea for a topic you'd like us to cover? We're eager to hear it! Drop us a message and share your thoughts.
Catch you next week,
Richard McKeon
Marketing Director
P.S. - Mark your calendars for LEAP 2024 📅 4-7 March 2024. Want to be a part of the action?
I'd like to personally invite you to LEAP 2025, taking place 9-12 February in Riyadh, Saudi Arabia. For four years, LEAP has been the gateway Into New Worlds. Where technology, investment and innovation redefine what’s possible. All roads are leading to Riyadh next week, as Tahaluf brings
Welcome to the 9 new deep divers who joined us since last Wednesday. If you haven’t already, subscribe and join our community in receiving weekly AI insights, updates, and interviews with industry experts straight to your feed. DeepDive Your weekly immersion in AI. With extensive experience in enterprise technology
I'd like to personally invite you to LEAP 2025, taking place 9-12 February in Riyadh, Saudi Arabia. For four years, LEAP has been the gateway Into New Worlds. Where technology, investment and innovation redefine what’s possible. All roads are leading to Riyadh next week, as Tahaluf brings
Welcome to the 9 new deep divers who joined us since last Wednesday. If you haven’t already, subscribe and join our community in receiving weekly AI insights, updates, and interviews with industry experts straight to your feed. DeepDive Your weekly immersion in AI. With extensive experience in enterprise technology