DECEMBER - JANUARY9some great technologies on the horizon, especially in the energy storage and green hydrogen space. Legislation contributes to the continued progress and overall reception and consumption of renewable energy. Public awareness is critical to a successful energy transition. Rather than thinking short-term, individuals should feel like part of the solution for the long-term. This awareness also feeds back into public policy and government influence.Ultimately the renewable energy industry is young and there is opportunity for education across the entire ecosystem, from policy makers to manufacturers and consumers. It's important for leaders and industry experts to help stakeholders understand these new energy sources and what's needed for their success. What forms of clean energy are leading in the energy transition?In the U.S., the majority of our renewables today are derived from solar. Looking ahead, offshore wind, particularly on the eastern seaboard, is really becoming the backbone of the energy transition. I believe we'll see extreme growth in this area, from coast to coast. The idea of harnessing power from the sun and from the wind is not new but it's important to be able to store, transmit and distribute it accordingly. Connecting solar and wind resources to the grid will be complicated. It is increasingly important to strengthen the electric grid to be able to handle new energy and power conversion coming from these new energy sources. What new technologies are supporting this transition?The energy landscape is transforming.Variable renewables and energy storage technologies are becoming more efficient and cost-effective alternatives, resulting in new opportunities across the globe. Technology will play key role in renewable transition and the increased demand for energy storage systems. A plethora of primary and back-up energy storage technologies developed and manufactured in the U.S. offer safe, scalable, efficient, and sustainable solutions. They are positioned to deliver longer duration storage and provide innovative systems to utility, commercial, industrial, and residential consumers. This includes enhancing carbon capture technologies and storage capacity. Long duration energy storage technologies, beyond the four-to-six-hour range, are critical to support energy intermittency.As energy storage technologies advance, complexity and safety become more of a factor in determining the best solution.With a global supply chain, traceability and inspection technologies are also important to maintain compliance and build trust as the demand for renewable energy grows. In the next five years, how will the industry evolve?The industry is ripe for growth over the next five years. Technology, partnership, incentives and initiatives, and public demand will continue to drive the industry forward. Wind and solar in particular are positioned to dominate new power generation capacity in the coming decade and beyond. These technologies are on track to strengthen and diversify U.S. power generation.In order to achieve our energy transition goals, battery innovation and storage must be top of mind to maintain a balance of supply and demand within the energy system. Given this, battery technology development in the near-term is crucial to global decarbonization strategy. Additionally, battery cell manufacturing must become more geographically diverse to increase access and build a more resilient supply chain. To meet the demand, the U.S. will need to substantially increase large scale installed battery storage over the next decade. Thethree pillars supporting the energy transition are technology, supply chain and government policies.Industry leaders, government officials, organizations and individuals all play a role in creating a better, cleaner future. Taking advantage of IRA incentives, such as tax credits, is key to lowering greenhouse gas emission footprints and accelerating the clean energy transition
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