The next ten years will be an era of fundamental change for the energy sector as more companies leverage digitization with the potential to increase long-term earnings by 25% or more.

Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.

The decision to adopt nuclear power in South Africa was made as a result of sound strategic planning. It has turned out to have been a very good decision.

Combined, they accounted for or 22,451 megawatts (MW) or more than three-quarters (78.09%) of the 28,751 MW of new utility-scale capacity reported to have been added last year. Wind (13,626 MW) and solar (8,543 MW) each contributed more new generating capacity than did natural gas (6,259 MW).

The National Climate Task Force, which met for the first time yesterday, was established in an executive order on tackling the climate crisis signed by President Joe Biden during his first week in office.

U.S. Rig Count is up 5 from last week to 397, Canada Rig Count is up 5 from last week to 176.

Brent was down 39 cents, or 0.6% at $60.75 a barrel. WTI was down 44 cents, or 0.8% at $57.80 a barrel.

For 2021, oil demand is now anticipated to increase by 5.8 mb/d, revised down by around 0.1 mb/d from last month’s projection, to average 96.1 mb/d.

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

OPEC has long maintained that oil will remain a dominant energy source in the decades to come.