Global Grid Digitalization Investment to Hit US$150 Billion by 2030 Amid Growing Demand for Energy Capacity and Flexibility

Examples of key grid digitalization technologies and their use cases and benefits are listed below.

However, grid digitalization faces multiple barriers and inhibiting factors ranging from a lack of financing, rigid regulation, conservative and protectionist attitudes, aging workforces lacking "digital" expertise, limited competition, long infrastructure lifecycles, and cybersecurity concerns. Bonte concludes, "Going forward, it will be critical for energy utilities and technology providers to develop agile design and deployment practices, tap into innovative funding mechanisms, leverage open platforms and ecosystem cooperation, and address the human factor of embedding technology into company processes and culture. There is no room for failure. Others will be ready to invest in and take control of energy assets if needed."

These findings are from ABI Research's Digitalization Challenges in Smart Energy Grids report. This report is part of the company's Smart Energy for Enterprises and Industries research service, which includes research, data, and ABI Insights. 

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info: 

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                   
[email protected]              

View original content:https://www.prnewswire.co.uk/news-releases/global-grid-digitalization-investment-to-hit-us150-billion-by-2030-amid-growing-demand-for-energy-capacity-and-flexibility-302346518.html