Disruption in the energy markets to create trillion-dollar + value over the next two decades: Arif Patel at the Singapore Fintech Festival 2020
The AP Group Chairman, Arif Patel on December 9, presented yet another insightful glimpse of defining transformations set to redefine the way energy would be produced and consumed in the world.
Citing rampant technology-driven disruption in every walk of life, the first generation entrepreneur said that the energy market, in particular, is likely to see massive disruptions with the emergence of new business models and history will remember this time as the transformative era for the energy business.
“I expect the disruption in the energy markets will create over a trillion-dollar of value over the next two decades – and even more importantly – lay the foundation of “hope” to the millions that have lived their lives lacking electricity,” he said.
Arif Patel who is viewed as one of the global thought leaders on clean energy transition and visionary entrepreneurship told the informed forum that imminent disruptions are more disruptive than the era of the steam engine. Reinstating his strong belief on renewables, he pointed out that green energy solutions demonstrate economies of scale on a centralized and decentralized basis with the shrinking differentiation between the producer and consumer.
According to the AP Group founder at Singapore Fintech Festival 2020, a new disruptive energy architecture is taking shape with the electrification of mobility, various forms of battery chemistries, artificial intelligence-based demand response systems, and extreme levels of digitization.