Characterized by a convergence of the virtual and physical worlds, the rapid infusion of digital technologies in the energy industry is blurring the lines between technological capabilities, business models, and regulatory frameworks. With all its disruptive innovation, complex capabilities and vast opportunities, the digital revolution in the power industry is truly here to stay. Since typical utility planning horizons range from 10 to 20 years with most big-ticket items having lifetime forecasts of 50+ years, the blindingly-fast pace of change in the digital landscape indicates that business as usual is no longer an option.
Utilities need to question and adapt their existing business strategies, cost structures and monetization models. “Pace Global Energy Business Advisory” believes a ‘silver bullet’ approach to technologies does not make a winning business model. Instead, a range of business models and strategies need to be explored, combined and adapted in order to use advancements in technology as catalysts for identifying cost-cutting opportunities, exploring customer value perception and monetizing new value streams.
Together with our utility customers we strive to unlock their future value creation through: