Mobilizing Innovation around Energy Poverty

Mobilizing Innovation around Energy Poverty

Credit Muhammad Muzamil, Unsplash

As we look across innovation for our energy transition solutions, let’s think a little more about social innovation. What is energy poverty? Why is this important to turn our innovative abilities towards resolving?

Energy poverty has no universal definition. Each country is at different levels of understanding. Here in Europe, I read a white paper by Schneider Electric, released in 2018, entitled “Overcoming poverty in Europe.”

There is no official definition of “energy poverty”, but to start somewhere, it can be described as the struggle to afford the ever-increasing cost of heating or lighting in homes or being able to cook food or heat water as a result of low income or bills that are too high. Energy poverty leads to suffering from the cold in winter and from the heat in summer. Continue reading

A dizzy array of Energy solutions to Decarbonization

Finding the pathway to fast decarbonization.

We need the fastest transition through all means possible of the low carbon options, but we have to be highly conscious of the possible lock-in risks in investments and where we might deflect our research and development. We need to stay highly focused on taking us into the future of achieving net-zero emissions. And to be very aware of this “lock-in effect” if we chose the wrong transformation pathway.

The technology mix to decarbonize each economy and industry reliant is tough to navigate. Organizations like the IEA need to be turned to for the best advice, not specific solution providers pushing their solutions on a narrow pathway of their focus. Continue reading

Where does distinctive innovation fit in the Energy Transition?

The missing value of distinctive innovation needs greater appreciation in the Energy Transition

I think we miss something and it is a great big pity.

Distinctive innovation is actually not just the middle ground, the passing through point towards breakthrough or disruptive, but it is the inspirational point for all of us to rally around far more than we do.

 Pushing for that extra effort takes something good to something even better; it gives it a certain distinctiveness. Inspiration within the innovation process is essential; it is a great motivating point to achieve far more in our identity with something distinctive than just incremental. Whatever we work upon in innovation, we should seek something distinctive as an outcome. Continue reading

Our focus is finding a Sustainable Energy Transition

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You do get the feeling that the world is beginning to wake up to the climate crisis.

Is it too little, too late or that we still have time left?

The energy transition will provide the pathway for transforming our energy sector from fossil-fuel-based energy to ones based on a range of zero-carbon solutions.

Although 2050 has been the target set to achieve this zero-carbon transition, the growing realization is this must be accelerated. Continue reading

Planning concurrent shifts in Power Generation

With so much change in fuel sources, the power generation sector has some significant challenges to tackle

The pressure to reduce the concentration of Co2 in the atmosphere is driving a significant change in power generation management.

The combined forces of a growing source of cheaper fuel generation from renewables (solar and wind), the continuing high levels of global Co2 attributed to fossil fuel combustion above 40% of all global emissions need further change.  Along with the continued, increasing demand for electricity as heat sources in buildings or factories are being replaced from fossil burning to electricity-driven heat pumps, and other equipment for greater efficiency, the power generation industry is arguable undergoing a sea-change on the creation and dispatching of energy.

Emission reductions are needed across all sectors. Continue reading

Carefully managing and resolving Power Generation

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Currently, renewables are the fastest-growing source of new power generation capacity and meet increased demand for electricity.

This renewable growth, expected to continue well into the future, is a combination of a growing public awareness of climate change issues, the realization that the continued scale of cost declines provides cheaper generation, continued advances in solar and wind technologies, and favourable policies have provided this dramatic shift.

I will be looking across power generation in a series of posts in the coming weeks- so taking this as my opening post.

Is this renewable shift enough on its own to manage the future Power Generation needs? Continue reading

The Energy Ecosystem needs re-configuring to clean energy only.

Understanding any ecosystem, you have to attempt to understand the whole system. The energy system is no different to begin to relate and build innovative solutions that bring this complexity into a new order.

To help with this energy ecosystem thinking the International Energy Agency (IEA) are doing some pioneering work that I want to touch upon briefly, so there is a broader awareness of this.

Exploring the IEA  report yet again, “Energy Technology perspective: Special Report on Clean Energy Innovation,” released mid last year, actually on 2nd July 2020, has so much depth of value to relate to in the energy transition challenges being faced.

In this report, they have developed some improved modelling tools to bring a higher capacity to answer key technology questions in greater detail that make up the Energy Ecosystem.

This new modelling is good news and highly valuable. Continue reading

The crucial role Innovation must play in the Energy system

 

Innovation is vital to the energy system’s integration and operation design, and we need to further recognize its crucial role. I believe we undertake a radical transformation in the way we supply, transform, and use energy. This requires a profound transformation in technologies, systems, and infrastructure.

Innovation is made up of many enabling technologies that support energy. This complexity requires innovative approaches to be built in highly systematic ways. Its ultimate result is to offer innovation that can continually look for re-imagining new market designs and business models to stimulate the changes and solutions for our future energy transformation.

Innovation needs to be transformational, offer greater value than what it is replacing, show the real advantage, set out to achieve competitive gains and offer a higher level of sustainability, value and impact.

We need an innovative mantra for energy.

Energy is a vital part of any country’s ability to be competitive. Today half the world’s capital is invested in energy and its related infrastructure as it is the backbone of any industrial and urbanization strategy.

Our need is to keep pushing for discoveries, for experimentation, for demonstrating. We must nurture innovation, and we must continuously look for ways to facilitate its pathway. Continue reading

Are we seeing the Apple of Hydrogen in Plug Power?

This Monday, January 11th, 2021 Plug Power (PLUG) closed at $53.97 in the latest share trading session, it has gained 98% over the past month. Today with a fresh expansion announcement it is standing at $64.02 at this moment of time. Clearly, Plug Power is outpacing the Industrial Sector. It belongs as one of the alternative energy company stocks that focuses on green hydrogen, the present ultimate answer to as close as you can get to a zero-carbon fuel.

So what is going on? What is causing this incredible jump and market sentiment?

To add a little more to this “what is going on” let me do something else.

Why do I compare Plug Power to Apple in past years? It is simply how its stock has rapidly accelerated away in the past year or perhaps the growing expectation of sizable growth to come, on new products and market penetration. 

A year ago, Plug Power struggled to raise money, but it has been executing on a plan consistently in the past few years that is beginning to pay off. Continue reading

Restating my energy purpose for delivering in 2021

Reflecting back, moving forward. As we begin 2021, we all have had even more time to reflect on “that year” of 2020. For me, that was my “Energy Transition” year.

I really value these reflective periods. They allow you to simply “recalibrate” so you can at least start the new year off on a more purposeful set of objectives, those strategic stakes in the ground. Of course, you can argue these can simply end up as new year resolutions, often broken in the first few weeks, but hopefully, these objectives stay anchored into the ground as a firm intent, they become the foundation to build out from. Well, that’s my intent.

When I reflect back on the 2020 year, I have recognised the needs to make a significant energy change. As I posted my critical top six energy developments in 2020 in this recent post “Energy Progress- the best of 2020 leads to a great 2021″ it triggered a deeper evaluation to lead out to 2021.

The key to 2021, in my opinion, will be a real breakthrough year of innovation, based on technology invention.

“2020 advanced the commitment to the shift from fossil fuel to renewables that has real momentum in the coming years. 2021 will be the breakthrough year where the energy transition has the unstoppable forces happening.”

We are all wanting to look forward, to a different, a more engaged world in 2021. Continue reading