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Navigating the new energy landscape
Data sharing and innovative tools such as smart contracts and “digital twins” came under the spotlight from industry and legal experts at a recent Clyde & Co seminar The energy sector is evolving fast. As the transition towards “net zero” accelerates, disruptive technologies must and will increasingly transform power generation, delivery and even consumption. Decarbonisation is ushering in a new era of decentralisation and democratisation of supply. Blockchain, artificial intelligence (AI) and the Internet of Things (IoT) are coming to the fore.
Business models are starting to change as the industry seeks to embed innovation, with data and digitisation as critical drivers and enablers of this new paradigm. In many ways, as Richard Power, Partner put it at Clyde & Co’s recent seminar entitled Data and disruptive technologies in energy, “We are in the foothills of this new landscape.” There are many exciting new areas to explore but also many pitfalls lying hidden. The event brought together industry experts and members of Clyde’s specialist energy and technology teams to help navigate them.
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