Europe's utilities should embrace role in ICT and smart infrastructure

#Energy As traditional suppliers face the rise of renewable energy, utilities should look to build expertise in Information Communication Technology solutions

The value of Europe's top 20 utilities has halved in the past six years and their credit ratings have been downgraded, despite a recent upward trend.

The situation is most stark in Germany where the utilities, the traditional suppliers of power largely through their fossil-fuelled plants, were caught out by the surprise phase out of nuclear power, the sharp decrease in the cost of solar and the rise of renewable generation capacity. One day last week Germany generated two thirds of its power from wind and solar. German utility CEO, Peter Terium, recently declared the situation the "worst structural crisis in the history of energy supply".

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