Thank you for Subscribing to Energy Business Review Weekly Brief
Thank you for Subscribing to Energy Business Review Weekly Brief
By
Energy Business Review | Wednesday, April 26, 2023
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Ranging from renewable energy to transportation, agriculture, construction, healthcare, and manufacturing, innovative technologies hold the potential to create a brighter and more sustainable future.
FREMONT, CA: The knowledge of sustainability and how technology may be used to address some of the most severe environmental concerns confronting the world today has increased significantly over the past several years. Innovative technologies have the potential to build a better and more sustainable future in a variety of fields, including renewable energy, transportation, agriculture, building, healthcare, and manufacturing.
A shift to clean energy and less reliance on fossil fuels is being signalled by the growing adoption and research of renewable energy technologies, including solar panels, wind turbines, floating solar panels, green hydrogen, carbon capture, bioenergy, tidal/wave energy, geothermal energy, and hydrogen fuel cells.
Simultaneously, blockchain-based AI-powered smart grids are developing as crucial players in averting outages and reducing waste. These technologies facilitate the transition to a low-carbon economy by reducing greenhouse gas emissions through real-time energy distribution optimisation. They also make it possible to track renewable energy credits transparently and to use carbon offsets and peer-to-peer energy trading.
Another ground-breaking discovery, quantum technology, can improve the effectiveness of energy storage, lower costs, and outperform conventional batteries. It would be easy to lessen the reliance on fossil fuels by improving the energy efficiency of solar and wind power systems with the help of quantum computing. This may hasten the worldwide shift to a low-carbon, sustainable economy.
Additionally, the energy industry is using augmented reality (AR) and virtual reality (VR) technologies, which allow for the modelling of risky situations, enhance infrastructure design and maintenance and enable remote training and cooperation.
Driving towards sustainable mobility: Revolutionising transportation
Innovations like electric and fuel-cell hydrogen vehicles, driverless vehicles, and intelligent transportation systems are influencing the future of sustainable transportation. The goals of these developments include lowering pollutants, enhancing fuel economy, streamlining transportation systems, and promoting alternate forms of transportation.
The optimisation of transportation routes and processes using artificial intelligence (AI) contributes significantly to this shift by lowering fuel consumption and emissions. AI finds effective cargo transport routes that decrease journey time and advance sustainability by assessing traffic and weather data.
Blockchain can also revolutionise transportation through reduced fraud, open supply chains, carbon tracking, safe data management for linked and autonomous vehicles, decentralised ride-sharing, and simplified shipping. These developments improve effectiveness, security, and cost-effectiveness.
Quantum technology also enhances traffic flow, boosts energy efficiency, lowers emissions, and supports autonomous vehicles, all of which help promote sustainable mobility. Additionally, it improves supply chain management and cybersecurity, hence raising safety and reducing costs.
To increase productivity and safety, augmented reality (AR) and virtual reality (VR) technology can aid in immersive training, system simulation, individualised passenger experiences, remote monitoring, virtual collaboration, and driver training. It is crucial to give public transportation upgrades a top priority, create bicycle infrastructure, use renewable energy, apply smart city technologies, and employ sustainable materials to encourage sustainable mobility.
The cost and efficiency of solar panels have been the main considerations when evaluating the value proposition of new solar energy technology. There are, however, additional traits that open up further benefits and uses. These include the strength, flexibility, weight, colour, and safety of a PV material.
As a concrete example, silicon solar cells are so fragile that they break under even the smallest pressure. Low temperatures can be used to create perovskites, making it possible to deposit them on elastic materials like plastic or ultra-thin metal meshes. Due to their adaptability and lightweight, perovskite solar panels may be more affordable to ship, and more easily installed in new types of terrain (such as uneven hillsides), and suitable for roofs in urban slums that aren't strong enough to support heavy silicon solar panels.
While still far from perovskite and silicon, other cutting-edge technologies like organic and quantum dot solar cells have certain distinct benefits. They offer the potential for potentially unequalled efficiency, as well as a virtually infinite spectrum of colour, transparency, and adaptability.
More buildings may be used in more locations if solar energy collection methods became lighter and more adaptable. Already, architects are modifying windows, siding, and roofs for energy production. While some businesses have created a solar roofing system that can be installed like ordinary asphalt shingles, others have created a transparent panel that can be used on windows and other surfaces and captures light from the invisible spectrum. To use components from the previous generation to create the next, several businesses have also created technology to recover priceless components like silicon and silver from the intricate lamination of panels.
As a result, innovation initiatives in top markets concentrate on ways to maximise the flexibility of the power system. If wise strategies are used, the electrification of buildings, industry, and transportation will also make it easier to use solar and wind energy. Due to the flexibility of many of these new loads, demand-side management techniques can be used to help the power system incorporate more renewable energy sources. Pioneering businesses are developing, testing, and implementing a wide range of ideas that could be game-changing. Digitalisation, decentralisation, and electrification tendencies are advancing more quickly than anyone anticipated. However, prompt, targeted government intervention is still necessary to encourage innovation and integrate new solutions.
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info