We need to find a climate-friendly energy source that overcomes those current end-use sectors that are hard to electrify as they need to require high-intensity heat levels than coal and natural gas provides. These high-grade industry heat sectors, known as hard-to-abate, such as steel and chemicals, some heavy transport, aviation, shipping, agriculture, and industrial feedstocks, need to put in place a clean energy carrier.
Enter Hydrogen, reinvigorated and repurposed based on Renewables and new Technology designs
Presently Hydrogen is the only feasible route for at-scale decarbonization. It is a highly versatile, clean, and flexible energy vector. So many have evaluated the potential of hydrogen sector by sector that ramping up Hydrogen is needed to achieve any energy transition in an efficient and economically attractive way.
The problem today is that Hydrogen is simply not (yet) fit for large-scale deployment. The accepted wisdom is Hydrogen is a really good solution as a clean energy carrier, feedstock, and fuel. It can facilitate the extensive scale integration of renewables through conversion from H2O to pure Hydrogen (H2). Continue reading “Our need for a climate-friendly energy source”
Yet another one of those most intense periods of researching and then absorbing the material around different energy issues.
Everywhere you turn, you stumble across reports on one aspect or another of the energy transformation we are undertaking.
I am looking at this energy transition through the eyes of the innovator, as it offers so much in new solutions and designs that any innovator would love to be part of.
My big move this week was to determine my Energy Transition journey
I added my dedicated website on innovating4energy.website. It stays a W-I-P but its role is to keep the offer separated but also be highly support in this posting site as the more dynamic place for breaking news, discoveries and progress and combined they underscore the value position offering.
I am taking on the front end of the energy transitionas my advising positioning.
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.
I think it is worth referencing here how the IEA breaks down to track clean energy progress, it is a pathway that needs innovation to be central.
The thinking within post has been inspired by the IEA report Tracking clean energies IEA report, published last year and has significantly crystallized my own views or thinking on the need to accelerate innovation as central to the Energy Transition.
The IEA track the following aspects of the energy system; power, fuel, industry, transport, buildings, and energy integration. That gives innovation focus a sound way to break down the complexity within the transformation underway.
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.
Why did I choose to give a specific focus on different aspects of innovation within the energy transition? Well, it is simple for me. I have focused on building capabilities, competencies and capacity to innovate for 20 plus years. Innovation has been my core area of focus. Today, I am channelling that specifically towards the building of innovationwithin our Energy Transition
The real imperative for finding new innovative technology is critical. We have such a real threat of climate change and any pathway to meet the Paris Agreements, where all countries pledged to keep the rise of the global temperature below 2 degrees C by 2050 and ideally try to work towards the position of 1.5-degree C above pre-industrial levels. These target goals mean bringing our temperatures down dramatically.
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.”
Being restricted, not able to travel has its benefits, you gain more time to climb into your own reading, research or passions. For me, this has been my “Energy Transition” year.
The sheer amount of articles, reports or webinars around all aspects of energy have been partly overwhelming but significant in their reference and knowledge gaining. This intensity of purpose towards the energy transition has given me an enormous boost in its understanding.
When I reflect back on this 2020 year, recognising the needs to make a significant energy change has really gained a very high awareness.
Within the energy transition, we must not lose sight of the final consumer. We have to focus on the broader aspects of “energy transition” by re-engineering much of the existing infrastructure to create smart grids, provide storage, solar for individual homes, and the ability to introduce e-mobility across the transport sector.
These are the connecting points to the end-user. They “feel” the value of the energy transition in benefit; in energy security, increased choices and greater involvement in handling their own energy costs and local energy design choices, they see the “effect of change”.
A very critical piece of the energy transition puzzle is the necessary focus on the end-user sectors of how we work, live, and be connected to the need for energy change. It is the transport, industry, and buildings that are for the vast majority of us as the places where we “interact” with that make energy transitions real. Continue reading “Connecting the Energy Story to the Final User”