The energy industry will witness exponential growth due to the widespread use of technology and digitization. Curious to know what trends are shaping the future of the energy industry? Here is our energy industry analysis – Vision 2020.
From phones to watches, everything is getting smarter by the day, thanks to the growing implementation of digital technology. As the energy sector is looking at new and intelligent ways to improve its processes, the focus on implementing innovative methods of energy storage has increased. Extensive energy industry analysis done by our experts show that the falling price of batteries in the market has proved beneficial for the energy sector, this has made the players in the energy industry look at intelligent energy storage technologies for their companies. Energy providers have started using batteries to power the grid and are gradually refraining from building inefficient and expensive power plants.