Technology is no longer on the fringe of the power and utilities investment agenda – it’s at its very heart.
As the sector reaches an inflection point in the energy world , a surge of venture capital funding is reshaping utilities M&A.
The traditional utilities industry is being disrupted by renewables and technologies that are triggering a fundamental shift in how electricity is produced, used, stored and traded.
This new, fast-paced energy world demands agile, bold investment decisions, but many utilities are struggling to adapt. Venture capital (VC) offers a way to challenge traditional investment models and fast-tracks the development of the technologies that will be critical to the energy transition. As reported in EY Power Transactions and Trends Q2 2019, early- to late-stage VC investment contributed US$2.1b in power and utilites (P&U) in Q2.