My multipliers for innovation at the Front End of Energy

Following my last post, “Putting innovation into energy, sparking transformation“, I want to outline why I am focusing increasingly on this front end of the energy transition (FEE) within my innovation work.

For me, it is the ability to apply the “multiplier effect” to any discovery and validation that accelerates the understanding of where the potential growth and impact points of a new business opportunity can occur.

Today, we are all trying to piece together the Energy Transition.

The claim is that there are solutions abound to move us towards the Energy Transition we all need of clean, reliable, energy built upon renewables, but I honestly don’t share that current optimism; we actuaölly have an awfully long way to go in discovery, application and adoption. Continue reading

Energy Complexity needs the Digital Twin to help

Providing a digital twin solution in the manufacturing environment is becoming a critical part of managing the complexity of those environments that many companies have to increasingly operate within.

As digital twins become critically important, entities are beginning to adopt this “twinning” concept dramatically, and within the Energy Transition we are undertaking, it will be no different.

A digital twin enables a Utility, for example, to visualize its assets, track the constant changes occurring consistently, and make better decisions on performance optimization. Continue reading

Empowering Cities for a Net Zero Future

Today, the International Energy Agency (IEA) released a timely report on Cities and how critically important they are to achieve a net-zero world.

The report “Empowering Cities for a Net Zero Future” covers all aspects of the issues and challenges that Cities are facing on climate action.

The IEA states that “Cities are key to a net-zero emissions future where affordable and sustainable energy is accessible to all. The global population living in cities is expected to surge from 50% in 2021 to 70% in 2050. Cities today account for 70% of global CO2 emissions and 75% of global energy use. But with size comes opportunity.”

The report covers a wide range of opportunities, challenges and policy solutions that can help city-level governments capture the significant value of efficient and smart digital energy systems, no matter their unique context by illustration, through more than 100 examples and case studies,

The report also provides actionable guidance on ways national governments can help cities overcome barriers to progress and accelerate clean energy transitions using digitalisation.

Let me summarize some of the main findings here:

Continue reading

The Elephant that should be more in the Energy Debate

Nuclear should “sit” in the Energy Transition debate is a tough one to call. The public sentiment, in general, would be against a ramping up of Nuclear after the two significant disasters etched onto our minds and stand out of Chernobyl in 1986 and Fukushima Daichi in 2011, and the human and environmental impact.

The impact of nuclear accidents has been debated since the first nuclear reactors were constructed in 1954. It has been a key factor in public concern about nuclear facilities ever since. Human error does happen. According to the IAEA, I was surprised by the high levels of accidents in the USA.

So why discuss an energy source that is highly contentious to argue it still has a future within the energy mix? Several reasons, many include Nuclear is still seen as a real need to deliver clean energy.

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A decade pivotal to a clean energy future.

Explicit Milestones within this report are staggering in implications

The International Energy Agency (IEA) released its most comprehensive report “Net Zero by 2050: a roadmap for the Global Energy Sector” on 18th May 2021.

The roadmap outlined underscores how pivotal this current decade is to ever reach net-zero by mid-century. In my opinion, it is the next three to five years that will determine this. If we fail to drive down emissions into a really sharp decline through a global political will we are in serious trouble.

It is only through strong and credible energy policies and significant investment into clean energy solutions we will get onto any pathway. If we fail to recognize the overwhelming needs to change we can say goodbye to 2050 as a net-zero target, then that will have colossal economic and climatic consequences. 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

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

Why innovate Energy?

Why innovate energy?

The front end of energy means what exactly?

It is the place I feel I can make the best contribution, a place where innovation thrives and drives discovery to commercialization of a new idea that emerges as a concept of value, often replacing something that does not “serve today’s or tomorrow’s purpose, where the energy transition must embrace fully “

My aim here is : “To achieve better, faster and more valuable future solutions with a focus on sustainability, to anticipate constant change and build different more exciting and valuable business models for lasting impact”

We provide a range of services that support your energy transition at the front of the change process.

I have three sources of energy reference that is building the Energy Story, as I am seeing it. I encourage you to take a look….please 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