Why Does This Matter?
Open source has transformed a number of very different industries in the past 10 years:
- 100% of telecommunication companies in the Fortune 100 are using open source.
- Half of the world’s biggest car companies, including Toyota, Honda, Mazda, Nissan and Mercedes are currently supporting open source in the vehicle through the open source Automotive Grade Linux project.
- Key members of the global financial sector — including Merrill Lynch, New York Stock Exchange, Deutsche Börse Group, NASDAQ, and London Stock Exchange — rely on open source for critical day-to-day operations.
- 80%-90% of all software applications contain open source.
All these sectors have embraced open source as a cheaper, faster, more effective way of creating better products and services for their customers.
And with projects currently hosted at The Linux Foundation offering roughly $15 billion of shared value, the collective benefit from saved R&D and engineering costs is significant for all these and many other industries.
With the acceleration of the energy transition, now is the perfect time for the energy sector to embrace open source and the transformational benefits it offers.
Why Open Source and Energy?
- Build future-proof applications on an open source energy/power systems stack to speed product and service differentiation.
- Increase quality and innovation with robust industry-agnostic technology.
- Decrease total costs of ownership through a shared open source software that abstracts interoperability and enables integrated control systems and interconnection.
- Decrease time to market, reduce the complexity of multi-vendor systems integration.
- Avoid stranded investments, increase coordination and cooperation across end users, vendors, and service providers.
- Benefit from a support ecosystem, enable a more diverse supply chain.
- Leverage open source from other industries, build upon existing open source code libraries and expertise.
LF Energy Stakeholder Benefits
- Build future-proof applications on an open source energy/power systems stack to speed product and service differentiation.
- Increase quality and innovation with robust industry-agnostic technology.
- Decrease total costs of ownership through a shared open source software that abstracts interoperability and enables integrated control systems and interconnection.
- Decrease time to market, reduce the complexity of multi-vendor systems integration.
- Avoid stranded investments, increase coordination and cooperation across end users, vendors, and service providers.
- Benefit from a support ecosystem, enable a more diverse supply chain.
- Leverage open source from other industries, build upon existing open source code libraries and expertise.
Change is coming, and we want you to be a part of it. Join us in making the energy sector more open, more collaborative, and more successful.
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