Why Big Data, AI and Renewables are the Perfect M&A Storm
28 October 2017
Energy and renewables buy big data and AI companies in an effort to better manage energy yield predictions. BDO’s mergers and acquisition practice reports that M&A between energy, renewables and AI/big data companies shot up 50% over the past 12 months, with average reported deal value from 500M USD topping at 3.5BnUSD. The renewables market is presently held back by fluctuating energy production from wind and solar. Unpredictable energy influx from renewables pressures electricity grids and imposes fossil energy emergency plans that are costly. To achieve smart grid integration and keep fossil reserves at a minimum, energy companies acquire big data and artificial intelligence wizards to create systems that help them predict renewable energy yields.
To read the full report by BDO Denmark, click here.