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 innovating 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.

Our economic prosperity will be determined by transforming the energy sector, and it is through innovation we will achieve this. To avoid the predicted consequences of climate change, the global energy system must rapidly reduce its emissions.

The vast majority of global CO2 emissions come from the energy production sector, from our buildings or transportation systems. They all need a purposeful design of a new, cleaner energy system.

Innovation needs to be at the top of its game, to be accelerated and scaled.

The energy transition that the world is undertaking is one of the most critical areas where innovation needs to be at its absolute best, top of the game, to make the level of change necessary. We need to deploy every innovative tool to leverage ideas and discoveries and then accelerate the validation into a commercialization path sooner than later.

Innovation needs to get out of the laboratories, moved from theory to application, and off the desk of those executives who fail to see the urgency of change we need to achieve the energy transition.

Innovation has risk always associated with it, but that imperative to push the boundaries does need always to be constantly in our minds; global warming, pollution, and resource finite are our “burning platform.”

We need to ramp up our need for solutions to reduce greenhouse gases, redesign energy generation, transmission, and distribution and bring a balance back into our environments.

Pushing our present understanding, looking beyond the knowns

  • Today the solutions are centred on decarbonization, applying digitalization, and switching to an energy system that is more decentralized than at present. It is finding imaginative, innovating solutions that become essential to achieve this climate change through the energy transition we are undertaking.
  • Each organization within the energy transition looks at its own position and applies any changes to advance its competitive position. Quite rightly, but in focusing on one specific perspective, you can lose the bigger opportunity.
  • We need to extend the reach of electricity; we need to focus on Hydrogen, validate carbon capture and storage (CCUS) as well as bioenergy and take them out of the lab, out of the realms of theory and validate the innovation concepts into scalable ones that deliver the gaps we have in our energy transition.
  • We must find innovative solutions to reduce local air pollution, strengthen energy security, and develop a more significant energy system that is resilient to minimize the shutdowns and power outs. We need to find solutions to reliable and sustainable energy solutions that deal with heating, lighting, cooking, and cooling. Any change needs to find a way to create local economic value and jobs, as others in any change of this magnitude will be displaced.
  • As we search for enabling technologies, we need to constantly facilitate the integration of renewable energy, accelerate storage, explore sector coupling, introduce new ways to operate within the electricity system, seek out new power generation, design the grids for increased flexibility and digitalize solutions to provide further services, tools and distributed generation deployment knowing how to diffuse innovation in these general five approaches becomes valuable.
  • We need to continue to de-carbonize challenging industry sectors like steel, pharmaceuticals, chemicals, or our transportation systems if we wish to achieve any positive outlook of curbing carbon emissions and moving onto a pathway towards a zero-carbon future.

Innovation and showing progression give market confidence and encouragement that the innovation story is designed to take decisions through this innovation adoption approach.

Everything we are looking at in energy solutions faces a scalability challenge. 

It will be the ability to harness the existing with the new, and this is the role of innovation to deliver the changes by being the bridge and being the catalyst of change with new technology and innovative solutions.

Innovation adoption in the technology lifecycle for Energy Translation

Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. The shifts need to take the different parts of the energy system through a lifecycle approach to any future energy system.

The six critical focal points of the energy transition.

The six main thrusts for technological innovation within the Energy Systems for today’s energy transition are:

  1.  To accelerate the deployment of renewable energy technologies throughout the system.
  2. There is a real need to find innovative solutions that focus on the end-user sectors of transport, industry, and buildings.
  3. The technological and digital innovative solution needs to focus on the overall system design and the operation needs.
  4. Innovation needs to increase electrification through emerging solutions on the grids’ digitalisation and provide grid-scale energy storage for resolving variable renewable power and building out further energy storage.
  5. To push, nurture, and facilitate different energy sources to provide solutions to scale them up. These include solar power, geothermal, biopower, hydropower, onshore and offshore wind and finally tidal power.
  6. Lastly, innovation needs to achieve an affordably decarbonize industrial transition.

Many new innovation solutions need to continually unlock the system’s flexibility.

Besides technological innovation, there is growing potential for redesigning operational systems through new services, tools, and distributed generation deployment. There are opportunities to find fresh market designs that have demand-response models central to then provide new, more tailored services and then the exciting potential of designing new business models that look to greater co-creation, more flexible power purchase agreements and bring the consumer into the system as contributors, aggregators and highly energy aware.

My focus is on innovating energy.

Innovation must be at the forefront of the energy change; otherwise, we will fail to deliver on the 2050 commitments and goals, and that will have consequences for our very existence as we know it.

Besides writing about innovation and energy on two dedicated blogs of innovating4energy.com and digital4energy, I recently launched a complimentary website of innovating4energy.website, one that is laying out my business positioning and offerings to help in accelerating innovation within the energy system. That “open for business” sign.

I set out to offer the external perspective to those busy inside organizations focusing on mapping out the future of energy and where they fit to support, compliment, and provide different value points to this thinking and eventual work. I see this as more advisory to complement their insights, more feeding into and complimenting their expertise with different points of value.

Our need for a climate-friendly energy source

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”

Continuing my Energy Transition Journey

Yet another one of those most intense periods of researching and then absorbing the material around different energy issues.
Ideas, invention and innovation
Image Courtesy of Renovagy

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 transition as my advising positioning.

More on that in future posts. Continue reading “Continuing my Energy Transition Journey”

Putting innovation intensity into the Energy transition

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.

Just reflect how difficult this energy transition actually is. Continue reading “Putting innovation intensity into the Energy transition”

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 “Are we seeing the Apple of Hydrogen in Plug Power?”

My Job: Sparking Innovation within the Energy Transition

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 innovation within 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.

The critical period for transforming energy is coming in this current decade. We need to speed up that transformation.
Continue reading “My Job: Sparking Innovation within the Energy Transition”