Energy & Utilities

Worldwide commitments to increase the share of renewable energy sources, including wind, solar, and hydroelectric power are fundamentally changing the energy sector’s trajectory.

Policies and regulations aim at shifting towards a low-carbon economy progressively steering away from fossil fuels.
In February 2024, the European Union has, for instance, reached a provisional deal on the net-zero industry act, defining the goal of reducing net greenhouse gas emissions by at least 55% by 2030 compared to 1990.

Key trends include the electrification of transport, the inclusion of digital technologies and IoT to monitor and optimize energy systems, as well as the production of green hydrogen in those industries that are difficult to electrify. However, integrating intermittent renewable energy sources into the existing energy grids poses a notable challenge. The exacerbating situation is highlighted by Europe’s aging grid infrastructure with 40% of European power grids being more than 40 years old.

This goes along with a significant overall energy cost increase especially affecting energy-intensive businesses, despite political mitigation efforts. Amidst these challenges, players within the energy sector are also facing regulatory uncertainty and current geopolitical issues requiring strategic long-term planning, adaptability, and continuous innovation.

CYLAD helps energy actors navigate this rapidly evolving landscape, shaping tomorrow’s solutions.