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Energy-as-a-Service Global Market Report 2023

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New York, April 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Energy-as-a-Service Global Market Report 2023” – https://www.reportlinker.com/p06316255/?utm_source=GNW

The global energy-as-a-service market is expected to grow from $58.52 billion in 2022 to $65.20 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The energy-as-a-service market is expected to grow to $98.18 billion in 2027 at a CAGR of 10.8%.

The energy-as-a-service market consists of revenue earned by offering end-to-end management of a customer’s energy assets and services.The market value includes the value of related goods sold by the service provider or included within the service offering.

Only goods and services traded between entities or sold to end consumers are included.

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Energy-as-a-service (EaaS) is a business model whereby customers pay for an energy service without having to make any initial capital investment. EaaS models typically take the form of a subscription for electrical devices owned by a service company or management of energy usage to deliver the desired energy service.

North America was the largest region in the energy-as-a-service market in 2022.North America is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main services of energy-as-a-service are energy supply services, maintenance and operation, and energy efficiency and optimization.Energy supply services refer to the collection of energy conversion and transmission technology, as well as the supporting services, which guarantee a continuous supply of all energy and energy carriers in accordance with predetermined standards, at the lowest possible cost.

Energy resources are primarily consumed by industrial businesses. The services are provided by utility service providers and third-party providers and used by industrial and commercial end users.

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The rise in energy consumption across the globe is expected to boost the growth of the energy-as-a-service market going forward.Energy consumption refers to the energy used to perform an action.

Energy is required for transportation, lighting, cooling, and heating in buildings, as well as for agriculture, manufacturing, and mining. For instance, in April 2022, according to International Energy Outlook, a report released by US Energy Information Administration (EIA), a US-based government agency responsible for collecting, analyzing, and disseminating energy information, the total U.S. energy consumption in 2021 increased by around 4.7% compared to 2020 to 97 quads. Every energy-using industry saw higher energy use in 2021, with the transportation industry seeing the biggest annual rise in energy use of approximately 10.2%. Therefore, the rise in energy consumption across the globe is driving the growth of the energy-as-a-service market.

Technological development is a key trend gaining popularity in the ginger ale market.Major companies operating in the energy-as-a-service market are focused on developing new technological solutions using artificial intelligence (AI) to strengthen their position in the market.

For instance, in October 2021, Infosys Ltd., an India-based company that provides business consulting, information technology, and outsourcing services, and Bharat Petroleum, a globally integrated energy company partnered to develop and pilot an energy-as-a-service (EaaS) solution to aid companies in increasing the energy efficiency of their infrastructure and achieving their carbon reduction objectives. Infosys and bp intend to co-develop a digital platform that can gather data from various energy assets and use artificial intelligence to optimize the energy supply and demand for power, heat, cooling, and EV charging. The companies would test the digital platform at the Infosys Pune Development Centre which simulates a small city with multiple energy generation, storage, and consumption sites. If the pilot is a success, they plan to implement this strategy with some clients and on additional Infosys campuses in India to assist manage energy and lower emissions.

In May 2022, GE Digital, a US-based company that provides software and industrial internet of things services to industrial companies and a subsidiary of General Electric, acquired Opus One Solutions, for an undisclosed amount.This acquisition helps GE Digital by assisting utilities in making decisions about how to integrate renewables and Distributed Energy Resources (DERs) at a scale throughout the electric grid.

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Opus One Solutions is a Canada-based software company that assists electric utilities to optimize energy planning, operations, and market management.

The countries covered in the Energy-as-a-Service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The energy-as-a-service market research report is one of a series of new reports that provides Energy-as-a-service market statistics, including Energy-as-a-service industry global market size, regional shares, competitors with an Energy-as-a-service market share, detailed Energy-as-a-service market segments, market trends and opportunities, and any further data you may need to thrive in the Energy-as-a-service industry. This Energy-as-a-service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06316255/?utm_source=GNW

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html

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