
For me, the front end of the Energy Transition is vital. What I mean by the front end is that link where innovation, ingenuity and creativity get created. Today, this must be done through more outstanding collaborations, especially recognizing the value and benefits of ecosystem thinking and design.
Innovating4Energy.com advocates for a systematic, innovative, and flexible approach to transforming the energy system. The keys are the mix of building the pillars of innovation and ingenuity, the research and deployment approach, and the reforming and disruption strategies, which are all essential components of this Energy Transforming approach, delivered over clear impact steps.
To achieve a sustainable energy transition, sound consistency in advocating and applying a systematic, innovative, and flexible approach to transforming the energy ecosystem does need a central emphasis on placing importance on learning from experimentation, seeking advanced solutions, and sharing knowledge.
Placing a greater emphasis and set of resources on Innovation will help make rapid progress towards a more sustainable and efficient energy future in highly collaborative and open ways.
Much of this is how you set about the Front End of Energy transition and change and the consideration towards embracing Ecosystem design and thinking has enormous value in this assessment.
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The level of innovation intensity within the Energy Transition is a fascinating one, and it is one I continually place more and more a focus upon.
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.
Further major Energy Solution Providers have announced their intentions of withdrawing from Coal.
Toshiba will stop taking orders for coal-fired power plants in line with growing global trends toward reducing carbon emissions. Toshiba holds 11% of the global thermal-power generation market, excluding China. This includes building power plants, producing steam turbines and providing maintenance. While the company will stop accepting new orders for coal-burning plants, it will build 10 stations under existing orders in Japan, Vietnam and other countries.
Siemens Energy, which builds steam turbines for power plants, will no longer take on new business to supply coal-fired powered stations, it said on 10th November 2020 making it the latest firm to scale back fossil fuel-related operations. Selling turbines to coal-fired power plants accounts for a low single-digit percentage of the company’s sales or roughly 820 million euros ($970 million) based on 2020 figures. According to a recent comment, the business was profitable. Siemens Energy has stated it will still meet existing commitments, including placed bids, and honour service contracts for combined heat and power stations but not engage in further coal business (Source Reuters).
Also Black & Veatch, an engineering and construction firm, has announced it also will cease participation in any further coal-based power design and construction. This shift allows its workforce to further accelerate the creation of solutions that help transform the industry, including helping clients reduce dependence on coal power assets and minimize the impact of those assets to the environment. The company says its transition away from any coal-related activity is about a commitment to sustainability and accelerating efforts toward a carbon-free energy future,