Powering the Future with Advanced Energy Solutions
The World Economic Forum Advanced Energy Solutions Group is the catalyst for bringing together outstanding change makers, entrepreneurs, financiers and innovators from across the world and recently had one of its meetings to stimulate and encourage this initiative further. Why?
There are enormous opportunities in the clean energy transition but also so many current barriers and pitfalls.
Taking the WEF’s objectives with this group I quote from their website:
“The World Economic Forum’s Advanced Energy Solutions community aims to accelerate, from decades to years, the deployment at industrial scale of advanced solutions such as clean fuels and hydrogen, advanced nuclear, storage and carbon removal. It engages leaders in frontier segments of the energy system that drive the energy transition”.
That CoP28 was an event that catches many of the basic emotions we are going through for managing the Energy transition to rapidly move towards a safer, sustainable climate and balance with nature.
I was reflecting on the different parts and sought a way to describe these “emotions” as my reflection of the CoP28 event and all it means to me.
The Energy Transition: Navigating a Turbulent Sea
The energy transition is a complex and challenging journey, akin to navigating a turbulent sea. It’s a voyage fraught with both exhilarating opportunities and daunting obstacles, requiring us to steer clear of whirlpools of uncertainty and sail towards the horizon of sustainability.
We are about to have the CoP28 event in the UAE from 30 November 2023 to 12 December 2023, which is crucial for the energy transition. I feel this is an actual watershed event. Those representatives attending must push for substantial agreements on what needs to be done to reduce carbonization and other polluting gases, seek ways to provide clean air and a more equitable share and conserve resources, or we will forever say goodbye to achieving anything like the 1.5 C degree.
Many experts predict that our planet is presently heading for warming to 3C. If we continue this trajectory, we will enter many unknowns in how the planet reacts and responds. If we have climate extremes, the cost of human life, upheaval and damage will continue to confront us.
This is why I think the energy transition is one of the most essential areas of necessary focus, as it is one of the most complex changes from fossil-burning fuels to clean renewables powered by solar, wind and hydro.
Here, I want to provide a view summarising the Energy Ecosystem, offering some strategic steps of underlying approaches to change and where I attempt to fit into contributions supporting solutions.
As all the delegates of CoP28 pack their things and head off to Dubai, will there be any real, lasting consensus on how we can manage our world where achieving rapid decarbonization is the priority?
There are so many conflicting opinions, vested interests and “evidence” but canCoP28achieve that with the right partnerships and immediate political, corporate, and financial action, we can live in a world beyond coal, oil, and gas — one that is safer, cleaner, healthier, and more affordable for all and forge a roadmap to get there that enables all to recognize their part.
COP 28will take place from 30 November until 12 December 2023. Pre-sessionals will take place from 24 to 29 November. There have been countless meetings leading up to the period (Pre-CoP sessions) trying to forge consensus and make clear progress on many areas of essential importance.
These CoP meetings are so often widely misunderstood, and chaotic to many present, and to the rest of the world looking in, trying to understand the process, the compromises and results that result in some of the most intense days of negotiations determining all our futures.
Let me draw from a few pointers made on the CoP process and what is needed
The search for stability with all the disruption and dislocation. Alamy Stock Photo
How do you reassure those worried that significant changes to their energy system will lead to the inevitable disruption and dislocation none of us like? How can you deal with this to elevate some of those worries? How can we manage so much change occurring to give some level of stability and continuity?
Addressing concerns and reassuring individuals or organizations worried about potential disruption and dislocation resulting from significant changes to their energy systems requires a thoughtful and empathetic approach.
Putting together some areas that are avenues to explore to reduce the concerns, build support, engagement and contingencies are suggested here.
The art of leapfrogging accelerates the Energy Transition
Any search for advantage or validation of making a change must consider the art of leapfrogging, especially in the Energy Transition we are all undergoing.
Leapfrogging can accelerate the rapid and transformative progress toward a more sustainable and efficient energy ecosystem that provides advantage and customer identification.
Leapfrogging done correctly offers the benefits of evaluating existing solution options, considering the added value of environmental considerations and enhancing access and resilience in a rapidly changing world needing faster adoption of cleaner energy solutions to accelerate your solutions.
Where leapfrogging really ‘scores’ is offering the ability of a developing or less developed country to essentially “skip” less efficient and higher carbon-intensive technologies during their energy development.
Leapfrogging provides a significant opportunity to develop and cut carbon emissions simultaneously, it is vastly underrated and considered. We love reinventing the wheel when there is often no need.
Leapfrogging is when developing countries industrialize with renewable energy instead of non-renewables.
Equally, companies can learn and adopt from others to reduce their own research and development costs and long lead times, across a wide range of technical improvements in renewable and storage technologies, grid balancing, use of software management, saving running costs by searching for leading or emerging best practices.
Also it can be by taking certain component parts of a solution you can accelerate and adapt to upgrade parts or finding blending solutions that fit your circumstances.
The Energy Transition is probably the most challenging undertaking we need to take in a short time frame of thirty years. to give our planet the chance to regain balance for us to live in and protect what we have.
To get there, we will need to chase a crazy pursuit of existing, competing businesses, all vested in how we do things, to gain their attention and convince them of a sense of urgency and need for a rapid change from the existing to a preferred, based more on renewables, as our principle source of energy.
Equally, I need to undertake a more focused approach. I have recently revamped my thinking towards the Energy Transition. Click on the tabs within this posting and website to understand the changes that need to be undertaken centred on innovation as central to this.
Different companies have different understandings of the changing energy ecosystem; some are narrow in their views and very focused on their business, others seek to break out and become more recognized, while others still want to be seen as leading. What and how do you pitch to each?
The report will be a central debating feature of the CoP28 meeting, to be held between November 30th to December 12th, 2023, in Dubai, the UAE. This report aims to inform and gain consensus on how to move forward.
For me, the Energy Transition is a complex, multi-headed beast that always provides more challenge rather than less.
We seem to be faced with Hydra. The Hydra was Hercules’s second labour. He attempted to cut off the heads of the beast, but every time one was cut off, two more would grow back in its place. Another challenge in killing the Hydra was that its’ breath was poisonous to all who crossed its path.
The weakness of the Hydra was that only one of its heads was immortal. In the energy transition world, I worry that this one immortal head might be fossil fuel, challenging to slay.
I don’t slay beasts; I try to shape the behaviours of clients. Renewables feature front and centre. Getting engagement is hard work; adopting different thinking and application solutions is even more challenging. The level of engagement determines the ability to allow a different way to permeate and take hold. You need many tools, ideas, visuals, promoters, discussions, etc.
Finding the time for clients to get into these types of immersion is not easy; it has to be really “mixed” up. Do I have this “cocktail” right? Frankly, no, but tackling. Individuals or teams need to find their reactive points. They need to want to open up to change. I love the word “catalyst.” if it gains the type of reaction you are looking for, you are the agent that provokes or speeds action or change.
In the past week the Davos World Economic Forum has been on, where thousands gather to listen, explore, make contact and generally gather the mood of the Worlds economic climate over the coming year. The sessions are highly valuable to be selective over but listen into.
Over this weekend, I spent a fair amount of reading time working through the World Economic Forum to remind me of this incredible source of knowledge across many world issues and challenges. I think this is not an event to miss when you cut through all the negatives surrounding Davos and the “elite” and lucky ones are able to rub shoulders and get a better understanding of thinking and give some degrees of new clarity to individual thinking and their strategic direction from grasping the risks, potentials and value opportunities offered when so many leaders can find time to come together and exchange.
These reports (Whitepapers) are a storehouse of knowledge, facts and suggested actions that need to be taken. The Whitepapers found here cover Climate issues, Green Deal views, Resilience, Circular Transformation, Global Value Chains, Electricity views , Securing the Energy Transition and plenty more.
For me, the weekend focus was on the Energy Transition following on from their recent Davos event and the series of reports co-sponsored with different organizations built up over many years.
