Digital Transformation of the Electricity Industry


Published: 31. January 2016

The World Economic Forum in cooperation with Accenture explains our business model in its White Paper on the digital transformation of the electricity industry. In the analysis the World Economic Forum considers the impact of digital transformation on electricity across the value chain, from generation and transmission to distribution and consumption, and among residential and commercial/industrial customers. The paper covers utilities and energy equipment manufacturers, with a primary focus on those operating in countries of the Organization for Economic Co-operation and Development (OECD). It points out that no matter which shape the electricity company of the future takes, digital is likely to be a fundamental part of it.


Author:

Next Kraftwerke operates one of the largest Virtual Power Plants in Europe. By utilizing the full potential of digitalization, we connect more than 4,000 energy-producing and energy-consuming units in our Virtual Power Plant Next Pool with a total capacity of over 2,800 MW. Through our technology our clients are able to produce and consume electricity when prices are best for them. By trading their aggregated power 24/7 on different energy spot markets our Virtual Power Plant also makes a substantial contribution to stabilizing the grid by smartly distributing the power generated and consumed by the individual units in times of peak load.