To speed innovation, energy organizations are migrating to the cloud and integrating Microsoft technologies to liberate, unify, and contextualize data and developing solutions that leverage AI, predictive analytics, the Internet of Things (IoT), and digital twins.īut technology is only part of the solution. Momentum is also building for decentralized models of production and distribution, with distributed energy generation such as local microgrids. The energy sector is at the forefront of innovation to help solve these challenges and develop new solutions to accelerate decarbonization and the movement toward clean, renewable sources of energy.
1 And as energy consumption rises, so do greenhouse gases, with the energy sector contributing to more than 70 percent of global carbon emissions.
Approximately one billion people lack stable or affordable access to power, and global consumption is expected to increase nearly 50 percent by 2050.
As urgency builds for secure, equitable, and sustainable energy, the industry faces unprecedented pressure to transform.
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