Accelerating the adoption of new technology and placing digital at the heart of the energy industry were key discussion points at Davos 2023 today.
Speaking at the Twinning Energy with Digital panel, Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric, underlined energy’s key role in decarbonisation, saying its production and consumption – while the former is much scrutinised, the latter often is overlooked – account for 80% of emissions.
“The world is speaking about energy only on the supply side, but in the history of humanity, energy transitions happen because of the demand side,” he said. “We’re at the beginning of the transition with IoT, big data, AI, smart energy and electrification coming to maturity at the same time. A lot of homes will become self-powered and buildings have their own microgrids. Digital and electrification will bring back the responsibility of decarbonisation to all of us.”
Data sharing will become increasingly important to contextualise business and operations, he added. “We tend to take a long time to adopt technology – we have to move faster. But to be optimistic, our business is growing solid double digit.”
... to continue reading you must be subscribed
