Unveiling the Future: Navigating New Green Technology Deployment in the Global Energy Sector

Disruptive innovations enabling the energy transition

 Disruptive innovations and new technologies are some of the driving forces behind the energy transition and play important roles in various sectors. As these technologies are becoming more widespread it is important to be on top of developments in the market and the understand the effects such advancements. Krishnan & Associates has continual exposure to the market through our variety of services across marketing & business development and market research and analytics. Our consultants are in constant contact with generation, transmission, and distribution utilities, infrastructure developers and stakeholders, regulators, and technology creators. This deep connection to the global energy industry provides a wealth of information and exposure to the latest trends. Our consultants have put together a shortlist of important issues we find to be affecting the market today.

 Advanced Energy Storage Systems

  • Energy Storage is a key player in the energy transition.

  • Enables reliable energy transition.

  • Technology is not yet mature.

  • Challenges with scalability and cost.

  • Current efficiency levels are poor.

  • Lithium Iron has environmental risk.

  • Overcoming CAPEX issues is critical for other technologies.

  • Long duration beyond 4 hours remains key for adoption.

EV & Charging infrastructure >1 trillion.

  • IIJA provides $15 billion in new funding for electric vehicle (EV) infrastructure.

  • The UK Government has allocated £2.5 billion in funding.

  • EVs require high initial capital expenditure (CAPEX) and have limited range.

  • Insufficient charging infrastructure for EVs.

  • Challenges in integrating EV charging infrastructure with the existing power grid.

  • Need for standardization of EV charging infrastructure.

Hydrogen & Fuel Cells

  • Green hydrogen market projected at $12 billion by 2030.

  • Green hydrogen can be converted into electricity or synthetic gas for commercial, industrial, or mobility applications.

  • Current production of low-carbon hydrogen is costly due to variable cost of RE.

  • Majority of hydrogen is currently derived from natural gas and coal.

  • Establishing hydrogen transport and storage infrastructure is a significant challenge.

  • Slow development of hydrogen infra & regs is hindering widespread adoption.

Carbon Capture, Transport, Storage

  • CCS & Transport projected at $14.2 bn. Carbon capture and storage (CCS) projects are increasing due to incentives & tax credits.

  • The Section 45Q credit, $85 per ton, has a positive impact.

  • Scalability and viability of CCS are important considerations.

  • Implementation of a carbon pricing mechanism is crucial.

  • Interstate permits and infrastructure for CO2 pipelines are needed.

  • Class 6 well permits are necessary for storage.

  • Exploring combination of H2 & CO2 for various applications.

Next Gen Solar, Wind, Biomass, Other Renewables

  • Costs for solar and wind components are decreasing rapidly.

  • Offshore wind projects are becoming increasingly viable in the Eastern US and UK.

  • Solar and wind hybrid systems are approaching a 50% capacity factor. When combined with energy storage, they can reach up to 80%.

  • Biomass projects are carbon neutral, but their supply is limited.

  • The UK and EU continue to be key markets for Biomass and CHP.

Other Issues

  • DERs, VPPs & Microgrids.

  • Flexibility Platforms.

  • Smart Grid.

  • Cybersecurity.

  • Artificial Intelligence and Data Analytics.

  • Heat Networks and CHP.

  • Nuclear and Hydropower

K&A helps generate leads, proposals, and sales for Business Development to the Energy and Power Industry

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