The Global Energy Association and the perspectives of future development of the energy sector within the Fourth Industrial Revolution

Abstract

Abstract The Global Energy Association is the organizer of the Global Energy Prize Summit. The Association also performs a number of programmes for young scientists around the world. The activities of the Association are aimed at ensuring the effective development of energy in the future. New technologies are important as much as the old ones, but the most important thing is to find the way of balancing them. Renewable energy sources are playing a crucial role in the energy sector right now and new methods of using them are emerging. The world is going through the Fourth Industrial Revolution. Ongoing discussions on the topic of the Fourth Industrial Revolution and especially digitalisation of the energy sector showed that the latter is developing in two directions. First, modern technologies allow calculating the necessary amounts of energy to be obtained from renewable energy sources, taking into account the inconsistency of electricity supply to the network. Second, digital systems can predict consumer demand for energy, which is extremely difficult to accurately calculate given the development of the private energy sector.