What Is the Energyverse & Why Does It Matter?
The idea behind the energyverse is energy that is as visible and as available as information and communications are. Energyverse lends itself to the notion that the energy sector must evolve to meet current and future needs.
The defining trends driving this transformation are decarbonisation, digitalisation, and intelligence.
The energy sector faces several unique challenges. The traditional electricity market faces increased pressure from the rapid rise in renewable energy’s share of the global electricity mix, particularly solar.
Second is the increased integration of energy, information, and service flow in the energy sector. Operators also face challenges with electricity marketisation and the management of operations. It is evident the industry needs to continue to improve competitiveness.
The solution to these challenges is to accelerate the digitisation of the power sector. This result will be the conventional grid, transformed via smart grid and intelligent connectivity into a worldwide web of energy or an Internet of Energy. In other words, an energyverse for the metaverse.
Drivers of the energy sector revolution
Three related concepts are at the heart of energy sector operations today.
The first is energy transition towards green energy, characterised by accelerated solar and wind power investments.
The second is carbon neutrality, driven by global momentum to reduce carbon emissions. To date, 137 countries from the UN Climate Convention — responsible for 80% of global emissions — have committed to net zero-emission targets.
The third is digital transformation in the energy sector, bringing together digital and power electronics technologies such as AI, cloud, and big data to help customers implement simple and efficient operation and maintenance while providing clean and stable power supplies.
These are three gears of the same engine that will drive us to a greener and sustainable future.
Huawei’s role in energy transformation
For energy transition, we aim for technological innovation as the critical enabler to promote clean, low-carbon, safe, efficient and modern energy systems. We will follow our successful Platform + Ecosystem strategy and apply our energy power ring. This will enable us all to seize the opportunities created by far-reaching changes in the global energy landscape.
Our digital world already blurs the lines between digital and physical and brings up both challenges and opportunities for the energy industry. Applying innovative technologies is redefining the relationship between productivity and production. Therefore, the energy industry needs to actively embrace digital innovation to do better what we already do best.
In light of the carbon neutrality goal, we need to reverse the rapid growth of energy consumption and CO2 emissions and decouple economic growth from carbon emissions.
Becoming low-carbon, electrified, and intelligent is the only way to achieve carbon neutrality, and technological advances are an engine that drives the process.
To date, a greater focus on decarbonisation and green development is now part of many national development visions.
The technology foundation for the transition to green smart energy is already there. Nations that are deploying 5G have a solid foundation to build an intelligent power sector.
- Digital Power [minisite, including products and solutions]
- Huawei Carrier 5G [the latest in 5G on huawei.com]
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