Current modelling of UK decarbonisation pathways indicates that even if demand for aviation and livestock products were eliminated by 2050, and technology deployment raised to even more ambitious rates, net zero could only be brought forward to 2045. Meeting this challenge and tackling the decarbonisation of our economy presents opportunities for innovation across new and existing technologies, business models, products and services.
The importance of digitalisation
Widespread deployment of clean technology is a key enabler for a stable and just energy transition. Cleantech solutions seek to positively impact anthropogenic climate change. However, without digitalisation of the increasingly decentralised market, decarbonisation wouldn’t be possible. We need digital solutions to manage the essential communication across this widely distributed network and balance the supply and demand of renewable generation.
To succeed, clean technology solutions must be economically viable and have the potential to attract investment and further development. All businesses face the danger of being left behind by more innovative and disruptive competitors. Digital transformation is costly and can be risky, but the consequences of inaction are greater.
At 618 Insight, we work with investors, retailers, infrastructure providers and service delivery partners to maximise growth opportunities and define long-term strategies to innovate for a smarter, carbon neutral world.
Interoperability of solutions
The top invested UK-based cleantech companies are developing electric vehicles and charging infrastructure, enhanced solar generation, and battery storage facilities. Technologies primed to propel the UK’s net zero transition also include hydrogen gas and distributed energy aggregation.
We’ve seen an array of ground-breaking trials and innovation projects, but the scale of the challenge to decarbonise the energy system is much greater than these achievements. There are a number of strategic approaches to explore; for instance, to what extent will vehicle-to-grid charging technology enable the ‘smart’ elements of future homes? And how could a more transparent energy market enable inclusive opportunities for consumers and service providers?
The opportunities of a digitalised market must also address interoperability and mitigate any risk of creating a series of new monopolies, whilst ensuring that the commercial incentives are aligned across the energy system and unlock flexibility services.
What is needed to maximise growth in promising cleantech solutions and provide certainty for long-term deployment?
