65% of electricity companies will unlock 35% installed capacity with technology?
Utility enterprises are transitioning from a delivery-focused role to one that orchestrates data and services. By 2025, we expect that a large number of industry players will derive revenue from services and energy data.
Enterprises in the utilities industry need flexibility services to optimize their load potential. 75% of critical utility assets will be digitally connected to predict and prevent equipment failure and prescribe the best maintenance options to optimize and extend the asset life-cycle by 2023.
>4200
Utility companies in 107 countries innovate with SAP solutions
91%
Utility companies in the Forbes Global 2000 are SAP customers
80%
U.S electricity will be generated by renewable sources by 2050
$130B
Estimated annual economic loss in the U.S from avoidable power outages
Business challenges in utility industries
Scattered system landscape
Market demand and production capacity reconciliation