Artificial Intelligence
Capgemini Press Release//Capgemini’s World Energy Markets Observatory report 2020: Overall energy transition has accelerated as a result of innovative advancements in industry technology
Good morning,
Please find below the press release issued today.
Best regards,
Florence Lièvre
Global PR Manager | Group Marketing & Communications
Capgemini Group | Paris
Tel.: +33 1 47 54 50 71
Email : [email protected]
_____________________
Press contact:
Florence Lièvre
Tel.: +33 1 47 54 50 71
Email: [email protected]
Capgemini’s World Energy Markets Observatory report 2020:
Overall energy transition has accelerated as a result of innovative advancements in industry technology
- Despite COVID-19 crisis CO2 emissions reduction, long term climate change goals are very challenging
- Generation from renewables and storage technologies are maturing quickly. However, with the growing share of renewables in the electricity mix and the closure of schedulable generation, grid stability has become an industry concern
- Pressure on Oil & Gas majors has pushed them to diversify their business and commit to carbon neutrality
Paris, November 3, 2020 – Capgemini has today published the 22nd edition of its annual study, the World Energy Markets Observatory (WEMO) report, created in partnership with De Pardieu Brocas Maffei, Vaasa ETT and Enerdata.
This year’s edition of WEMO reflects two opposing narratives: in 2019 a continuation of previous trends related to energy transition, renewables and storage technology progress, climate change issues, and energy markets evolution; and the profound industry-wide impact of COVID-19 in 2020 that will reset the baseline and establish a so-called “new normal”.
Key points of the 2020 edition of the World Energy Markets Observatory report include:
1. The significant drop in consumption due to COVID-19 has led to the largest reduction of greenhouse gas (GHG) emissions since World War II, but long-term climate change goals are still very challenging
With the worldwide economic growth slowdown in 2019, GDP growth for G20 countries was 0.8 points below the previous year. Energy demand growth slowed down with consumption increasing by just 0.7 percent, as compared to 2.2 percent in 2018. While global emissions continued to increase by 0.6% in 2019 (highest level ever), those in the energy sector specifically fell 0.4 percent due to a combination of factors including: a shift from coal to gas; renewables growth; and energy efficiency improvements. The significant drop in consumption due to COVID-19 has led to the largest reduction of GHG emissions since World War II. In fact, emissions are expected to decrease by an estimated 7 to 8 percent in 2020, as a result of mobility restrictions and a sharp industrial slowdown.
Despite the seemingly positive data in 2020, according to Colette Lewiner, Energy and Utilities senior advisor at Capgemini, these reductions are temporary: “This 2020 emissions decrease is linked to the lock-down period and remaining mobility restrictions. Emissions will likely rise again as the world recovers from the pandemic. By way of illustration, it would take a similar restriction, every year for the next 10 years, to get on the right environmental trajectory, which is of course unviable. Profound changes are needed to reach climate change objectives.”
2. Generation from renewables and storage technologies are maturing quickly
Renewables account for more than half of the worldwide electricity generation investments, more in developed countries and less in developing countries that continue to build coal and gas plants to meet a booming electricity demand. With the growing renewables market and the progress of technology achievements, costs are declining again by more than 10% (Wind and Solar) in 2019, with consistently lower costs being recorded month after month. Offshore wind now seems promising while onshore acceptance remains the problem.
Batteries for electric vehicles and stationary storage costs decreased again by 19% in 2019 (for Li Ion batteries), and 115 mega-factories’ projects have been recorded, out of which 88 are in China. Asian players (China, Japan and South Korea) are dominating this market.
Meanwhile, Europe is clearly making strides in developing hydrogen as a source of green power to make up for the dominance it has lost in batteries and solar panels. In July 2020 the European Union commission decided to invest between €180-470 bn by 2050 to reach a share of 12-14% in 2050 for green hydrogen1 in the European energy mix. Germany and France stimulus plans will allocate respectively €9bn and €7bn for hydrogen development.
3. The growing share of renewables in the energy mix coupled with the closure of schedulable generation, means grid reliability becomes a concern
With the increasing share of intermittent renewables generation (wind and solar power), grid balancing is more difficult, and security of supply could be endangered. This situation was illustrated both in Europe and the US this year:
-In April 2020, during lockdown, electricity consumption decreases in Europe, combined with sunny and windy weather, resulted in high shares (up to 60 to 70%) of renewable electricity on the grid. Near blackouts happened in Germany and in the UK, demonstrating that grids and regulations have not adapted to deal with the high share of renewables planned for the end of the decade.
-By mid-August 2020, during a heat wave, California experienced rolling blackouts where electricity supply relies on 33% from renewables, mostly from solar energy. This is challenging on hot summer evenings, when electricity from solar generation drops to zero but demand for air conditioning remains. This challenge will intensify if California meets its targets of 60% renewable electricity by 2030 while phasing out fossil fuel and nuclear plants schedulable generation.
Philippe Vié, Global Head of the Energy and Utilities sector at Capgemini, adds: “Numerous digital tools and assets are mature and available to improve predictability, reliability, grid stability and finally security of supply, accelerating Energy Transition.”
Grid stability requires schedulable generation assets, storage or actionable consumption flexibility. Capgemini’s WEMO identifies several ways to improve grid balancing where a high share of renewable sources exists, notably through enhanced generation forecasting, non-carbon emitting storage options, and, most notably, batteries in the short term and hydrogen moving forward. Leveraging digitization, artificial intelligence and automation to enable greater accuracy of demand forecasting, demand-side management; and deploying the smart grid at scale are also strategies to improve management of a distributed energy mix. Regulatory evolution should bring incentives that stimulate positive economic signals and the right type of investments.
4. Will post COVID-19 plans stimulate a greener economy?
One third of the €750bn European recovery fund2 will be dedicated to sustainability and energy transition projects and Member states’ plans include similar proportions for environmental projects. According to WEMO, this is very good progress; however, the execution of those plans will be crucial. The report therefore recommends tracking these sustainability funds and reinforcement of the “green” conditionality for allocation.
To meet climate change goals while ensuring energy security of supply Capgemini’s WEMO recommends:
- Master GHG emissions: set meaningful carbon price and/or impose carbon taxes and notably on imported products, better control methane (a very potent gas) emissions
- Incentivize carbon free generation plants construction (renewables but also safe nuclear plants) to “green” electricity generation
- Incentivize electrification (notably for transportation) allowing a systemic de-carbonization of the economy
- Ensure safe grid management with a higher share of intermittent renewable sources by upgrading grids with increased digitization (changing also tariffs calculation to remunerate digital investments), imposing dynamic tariffs to increase demand-side response, and modifying the “merit order” to allow renewables curtailment when needed
- Develop green hydrogen
- Ensure that the “green” share of stimulus plans becomes a reality
The World Energy Markets Observatory is an annual publication by Capgemini that monitors the main indicators of the electricity and gas markets in North America, Europe, Asia (including China and India) and Australia. This edition covers for the first time this year pressure on oil & gas majors, that leads to diversification and carbon neutrality. The 22nd edition, which is drafted mainly from public data combined with Capgemini’s expertise in the energy sector, refers to data from 2019 as first half of 2020 (pandemic first wave impacts). Special expertise on regulation and customer behavior, as well as markets data has been provided by research teams at De Pardieu Brocas Maffei, VaasaETT and Enerdata.
For more information and to download a full copy of the report, click here.
About Capgemini
Capgemini is a global leader in consulting, digital transformation, technology, and engineering services. The Group is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. A responsible and multicultural company of 265,000 people in nearly 50 countries, Capgemini’s purpose is to unleash human energy through technology for an inclusive and sustainable future. With Altran, the Group reported 2019 combined global revenues of €17 billion.
Visit us at www.capgemini.com.
1 https://ec.europa.eu/energy/sites/ener/files/hydrogen_strategy.pdf
2 Source: Climatechangenews.com, “EU €750 billion Covid recovery fund comes with green conditions”
Attachments
Artificial Intelligence
First Comprehensive Report on Public Web Data Released by Bright Data
Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.
Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html
Artificial Intelligence
OSIA becomes an official International Telecoms Union (ITU) standard
ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).
The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor. More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
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View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html
Artificial Intelligence
SciBase will present at the Redeye Medtech Event on April 24th
STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.
On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html
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