The EU believes it can phase out dependence on fossil fuels from Russia well before 2030. To do so, the Commission has proposed a REPowerEU plan that will increase the resilience of the EU-wide energy system. A key aspect of this plan details the importance of diversifying gas supplies via higher levels of biomethane.
We asked the experts from our speaker panel at the 2nd Data Hub in Power and Utilities about the biggest challenge this year in front of establishing, implementing, and operating a data hub for data-powered utilities.
Gas imports from Russia make up 40% of the European Union’s gas consumption. Nord Stream 2 when operational could have supplied 55 billion cubic meters of natural gas or ten percent of Europe’s annual consumption.
By firmly expanding their presence in the renewable energy sector, most of the top utility companies aim to be the world’s largest energy producers (outside of China). And it seems to work. Here are the top utility companies in Europe, their value and what they are up to.
In September 2021 and October 2021 (till date) alone, 14 suppliers serving over 2 million customers have ceased operations in the UK. Bohemia Energy, serving over 900,000 electricity and gas customers in the Czech Republic terminated its services with immediate effect on 13 October 2021. The wholesale electricity prices have increased by over 200% compared to 2019. Why are power prices surging in Europe? The European Energy Crisis: How did we get here and where do we go from here?
Big data analytics is a vital cog in net-zero ambitions, helping reduce energy consumption and improving energy efficiency. The big data analytics market in the energy sector is expected to grow at a CAGR of 11.28% from 2021 to 2026.