Facing multiple paradigm shifts, the energy industry is increasingly under pressure to find and implement innovative technologies in order to adapt their existing business models. Studies have shown that the global demand for energy will continue to grow, with fossil fuels continuing to dominate the energy landscape until 2050. However, technological innovation is expected to bend the demand/supply curve, with the Internet of Things (IoT) leading this disruption and reaching a valuation of 20,54 billion Euro in the Energy Industry by 2020.

As innovation is our business, cutting-edge startups are the focus of our attention. At StartUs Insights, we conducted a detailed analysis of 15.000+ startups and discovered several innovation areas which will impact the energy industry in the near future. To shed light on the application and potential of the most disruptive of these technologies, we decided to outline the six most dominant innovation areas that influence the entire industry.