We are falling into a real trap around the efforts of much of the invention and innovation we are putting into the Energy Process. We have the danger of getting our innovation balance wrong.
We are emphasizing shifting significant resources towards energy efficiency, not real energy transition work that comes from radical or breakthrough innovations. The focus on extending prolongs what we have and does not offer the transformation affect our energy systems do require to achieve a decarbonized world over the next fifty years.
We all are accepting that the energy system needs to undergo a massive transformation, one that provides breakthrough innovations in new technology, ones that do transform the energy systems. Are we striking the right balance between incremental and breakthrough innovation? I would question this.
The efficiency trap is a classic trap of all innovators. Efficiency often triumphs over other forms of innovation, such as a more distinctive range of solutions, that give breakthrough and radical potential. Why is that important? Continue reading “Are you falling into the Innovation Energy Trap?”
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, reported the press release.