Currently, the energy market is undergoing strategic changes. These changes are focused on decarbonization, energy efficiency, the creation of new models of the digital energy market, and also the introduction of IoT technologies.

As more consumers install small-scale renewables, there will be more surplus energy that needs to be stored or sold to those who need it. Peer-to-peer energy trading allows people to buy electricity directly from other consumers on digital marketplaces.

Global fuel sources, oil and natural gas, continue to prevail in the energy industry. However, as the world moves away from fossil fuels and adopts more clean energy sources, oil and gas giants that have dominated markets for more than a century are challenged with the question of “How to survive the current energy transition?

The planet today is going through a dramatic point – a significant climate change. The way people face this challenge will determine the future of humanity. Fighting climate change, securing energy supply, and ensuring clean air and water resources for everyone requires a shift in how we produce and consume energy.

In 2021, the world entered a global energy crisis. Now in 2022, the European energy market is caught between a rock and a hard place – in the first quarter, short-term gas prices were 5 times higher compared to the same period last year.

Sustainability is all the rage now. Governments pour money into a cleaner future. New ideas spring up like mushrooms after a rain. Green energy startups have made a bank in 2021 with a record $755 billion of investments that’s only going to increase in the near future.

The climate crisis presents one of the biggest challenges in our history. As countries all over the world are taking actionable steps towards carbon neutrality, we see lots of opportunities for businesses to step up their game. Investment in sustainability opens up a huge playing field for all kinds of startups, both digital and traditional.