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”
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Artificial Intelligence
LambdaTest launches LambdaTest extension for GitHub Copilot to make test automation pervasive across SDLC and drive developer productivity
NOIDA, India and SAN FRANCISCO, May 22, 2024 /PRNewswire/ — LambdaTest extension for GitHub Copilot enables AI-powered bridge experiences by seamlessly integrating test and dev workflow. It acts as a test automation copilot, assisting developers with quality assurance capabilities across different stages in SDLC, right where they code.
May 22, 2024, Noida/San Francisco: LambdaTest, a leading cloud-based unified testing platform, announced the launch of the LambdaTest extension for GitHub Copilot. This innovative capability revolutionizes the way developers manage and execute test workflows within their integrated development environments (IDEs).
The LambdaTest extension seamlessly integrates with GitHub Copilot Chat bridging the gap between development and testing workflows. Developers can now trigger test execution directly from their GitHub and VS Code environment, eliminating the need to switch between multiple applications. This streamlined process enhances productivity and accelerates software delivery.
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“LambdaTest Extension for GitHub Copilot is a huge milestone in our commitment to enable devs and QA processionals worldwide with frictionless experiences to accelerate software delivery.,” said Mohit Juneja, VP, Strategic Sales and Partnerships, LambdaTest. “Gone are the days of switching between multiple applications; now, developers can design, trigger, and analyze tests with simple prompts in natural language, without switching context from the IDE.”
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The LambdaTest extension for GitHub Copilot is now available for developers and testers. To learn more and get started, visit https://github.blog/2024-05-21-introducing-github-copilot-extensions
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Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.For more information, please visit, https://lambdatest.com
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Artificial Intelligence
DeepL announces $300 million investment at $2 billion valuation fueled by global demand for AI language solutions
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“We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business,” said Jarek Kutylowski, founder and CEO of DeepL. “This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today. We’re highly focused on continued growth and innovation to expand our solutions and ensure they remain industry-leading in terms of quality, precision, and security. This will bring us closer to a future where every company, regardless of location, can operate seamlessly on a global scale with our AI.”
The new investment comes during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organizations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, who rely on its highly accurate and secure enterprise Language AI platform to deliver seamless communication, driving international growth and cost savings. In response to surging demand from global enterprises, DeepL has accelerated its expansion efforts and strategic investments into key markets over the past year. In January 2024, DeepL deepened its commitment to the U.S.—now its third largest market—by opening its first office in the region. The company continues to expand its team in the U.S. to support growing demand.
Within the last 12 months, DeepL has also substantially broadened its product offerings tailored for businesses. In April 2024, the company launched DeepL Write Pro, a writing assistant specifically tailored for business writing, powered by its own proprietary LLM technology. The company also continues to expand the range of languages supported by its platform with the recent additions of Arabic, as well as Korean and Norwegian, bringing its total number of languages to 32.
“DeepL’s runaway success is a bit of an ‘open secret’ in the business community,” said Danny Rimer, who led the investment from Index Ventures. “The company is exceptionally thoughtful about creating cutting-edge AI products that deliver real and immediate value to their customers. Jarek and the rest of the DeepL team are equally research and commercially minded – both of which are key to the company’s success.” Index Ventures is recognized for its investments in highly successful SaaS businesses like Figma, Slack, Wiz, and Scale AI.
Demand for AI solutions among global enterprises is on the rise. A recent IBM study found that 42% are already actively deploying AI and 40% are exploring its potential. Within this rapidly evolving landscape, DeepL is leading the way in applying AI to transform the $67.9 billion language industry, which is projected to grow to $95.3 billion by 2028.
Since its inception in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. The company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
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“At Zendesk we see first hand the power of infusing AI tools into customer experience, and DeepL’s industry-leading translation is a prime example,” said Adrian McDermott, CTO, Zendesk. “The ability to have accurate AI translation allows companies from startups to large enterprises the ability to scale globally, reaching prospects and existing customers in new ways. Zendesk’s open and flexible platform allows for seamless partnerships, and the tangible results we’ve seen so far from joint customers have us looking forward to continued work with DeepL.”
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About DeepLDeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organizations and millions of individuals in 63 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures.
Contact:Sebastian RiesOpeners [email protected]+49 1578 058 8488
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Artificial Intelligence
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“We are thrilled to collaborate with Hyundai Motor Company on this important initiative to create more sustainable and safe transportation options. A decarbonized future with autonomous hydrogen fuel cell electric trucks that also improve safety and efficiency is one that Plus is proud to support with our cutting-edge autonomous driving technology,” said Shawn Kerrigan, COO and Co-Founder at Plus.
Hyundai Motor and Plus have released a video highlighting their collaboration, which can be seen here: https://www.youtube.com/watch?v=_d19h_v7abo.
About Hyundai Motor Company
More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
About Plus
For more information, visit http://www.plus.ai/.
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