Once considered a bulwark against the forces of modernization, industry and technological change is pushing energy trading organizations to consider a number of strategic changes to their front, middle, and back office functions that optimally engage people and systems to navigate our VUCA world.

The energy value chain is very complex, from generation, to transmission, distribution, energy trading, and energy sales.

“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”

The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.

In the first three months of 2020, Japan imported 44.8 million tons of coal, which increased by 3.4% in comparison to 43.3 million tons imported in the first quarter of 2019.

The foundation of AI is data and, based on the huge amount of it that utilities collect about customers, they’re well-positioned to deploy AI to improve customer care.

The typical customer only interacts with a utility intermittently, sometimes not at all for a year or two and typically only when there is a problem.

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021.

The US in May extended Iraq's sanctions waiver for 120 days to import Iranian electricity,

Demo will be a pre-industrial nuclear fusion reactor based on the knowledge acquired through the Joint European Tourus (JET) and ITER experiences.