Published: 27 August 2019 27 August 2019
Over the past decade the energy sector has seen unprecedented moves towards consolidation with systematic mergers and acquisitions among utilities, original equipment manufacturers and Internet service providers. This is a natural market tendency when searching for economies of scale and pooling of resources especially in a market plagued by uncertainty. Operational excellence and economic leverage are the targets used to deliver improved performance that should ultimately translate into savings for the end user. However, there is an undeniable downside to this approach which hinders that very same goal. The industry is at a point where we should ask: will these market tendencies thwart innovation? Will it become a zero-sum game that can compromise the sector’s goals and, more importantly, is there anything we can do about it?
By André Moura, Founder and CEO of Pro-Drone and an EIT InnoEnergy CommUnity Advisory Board Member
Read more ...