energy evolution

This Year's Power Trends

  • Why it matters

    Why it matters

    Mr. Bolze thinks a series of major changes set for the industry this year are primed to help electricity reach more people and at a lower cost than ever before.

  • Facts


    • Germany aims to cut greenhouse gas emissions by 40 percent by 2020 and up to 95 percent in 2050, compared to 1990 levels.
    • Germany’s government-mandated switch to renewables has led to numerous, swift changes in its energy landscape.
    • Worldwide more than 1 billion people lack reliable access to power.
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Cuban Wind Farm
Winds of change are blowing the energy business in a new direction. Source: Getty Images

The power industry has been undergoing its greatest transformation in nearly 200 years, and in 2017 I believe that the transformation will accelerate. Many factors are driving the change, such as increasing demand for renewables alongside lower costs, ever-expanding capital needed to maintain ageing infrastructure and new ultra-efficient power-generation technologies.

This transformation will force the power industry to develop new approaches we haven’t seen before. Whether it’s distributed generation in island nations, microgrids in the Himalayas or more flexible and efficient central generation, the power outlook for the coming year is all about modernizing infrastructure in one way or another. What we’ve seen in 2016 is that one common thread links everything together: digitization.

These are the five trends expected to transform the world of energy and electricity in 2017:

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