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Five Clean Energy Trends that Could Transform the Energy Sector in 2020

The recent breakthroughs in natural-gas extraction is a classic example of the sheer speed with which game-changing technologies are transforming the energy industry. With rising environmental concerns and clean energy becoming a necessity than ever before, we can expect to see several groundbreaking clean energy trends over the next couple of years. This article describes some of the key clean energy trends that could revolutionize the energy sector. While not all of these clean energy trends may succeed in the long-run, even if a few of them pan out they could bring considerable changes to the energy landscape. Furthermore, it is also possible that the development of energy technologies is approaching a tipping point that will generate increases in energy productivity on a scale not seen since the Industrial Revolution.

Want to know more about how the energy sector is transforming? Request a free proposal to gain more insights from our experts.

Clean energy trends 2020

clean energyDigital power conversion

Large-scale high voltage transformers that were developed in the 1880s lead to the widespread development of the electrical grid, virtually the same technology continues to be used today. High-speed digital switches that are composed of silicon carbide and gallium nitride have been developed for high-frequency power management in military jets to high-speed rail. They are known to be highly energy-efficient and take up only about 1 percent as much space and are more reliable and flexible than the existing transformers. Today’s advanced applications include consumer electronics and variable-speed industrial drives for manufacturing. As such applications expand and the major semiconductor manufacturers begin to produce these technologies at scale, they could replace conventional transformers in the utility industry by 2020. China is particularly well positioned to reap the benefits of adopting digital-power electronics because of the scale of its planned grid expansion.

Blockchain networks

Blockchain technology would enable the buy and sell of clean energy at optimal times and will largely be driven by IoT and related technologies. This can play an integral role in boosting the performance of energy saving devices. This is a type of peer to peer network that effectively allows customers to trade energy. This may be done through the energy company itself, or even from customer to customer. Either way, this means that the majority of firms will need to capitalize on this emerging market. This can all be done in real-time settings and with the transparency that the blockchain network provides may prove to be beneficial to both businesses and their customers.

Leaders of companies and countries who neglect what is happening on the margins today risk being pushed to the margins themselves in the not-too-distant future.

Clean coal

Such clean energy trends could help coal-fired generators to capture majority of their carbon-di-oxide at a much lesser cost. The viability of this technology could also prevent the closure of several coal plants in the coming years. The same is applicable to plants situated even in China and Europe. However, this cannot be made a reality and be expanded at scale without supportive carbon regulations.

It may prove challenging for energy industry companies to rapidly changeover to clean energy sources, and to ensure successful transition organizations must be prepared to beat the hurdles. Get in touch with our experts to know how we can help you overcome major roadblocks in the energy sector.

Biofuels and electro fuels

With crude-oil prices skyrocketing, market shares for biofuels such as cane and corn ethanol are rising rapidly. Although second-generation cellulosic biofuels have proved harder to make than many had hoped five years ago, innovative start-ups focused on cellulosic and algae-based biofuels are starting to create high-margin specialty chemicals and blendstocks, generating cash now and suggesting a pathway to deliver biofuels at much cheaper rates in the next couple of years. Furthermore, biopharmaceutical researchers are developing electro fuel pathways that feed carbon dioxide, water, and energy to enzymes to create long-chain carbon molecules that function like fossil fuels at one-tenth the cost of current biofuels.

Learn more about Infiniti’s solutions for the energy industry.

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What’s Bothering the Energy Industry Across the World?

The energy industry comprises of the petroleum, gas, electrical, coal, nuclear, and renewable energy sectors. In recent times, renewable energy has started taking precedence over non-renewable energy sources such as petroleum and coal. This is because of rising consumer awareness towards global warming and government initiatives to curb pollution. Although both the renewable and non-renewable energy industry is growing at a healthy rate, there are some challenges faced by both these sectors.IR_Brochure

Challenges Faced by the Energy Industry

Meeting Decarbonization Targets

In the 2015 Paris Climate Conference, 200 countries committed to COP21, which has identified an ambitious set of goals. In a bid to limit the global warming activities across the world, countries are putting up legislations to curb emissions and provide incentives to businesses with lower or no carbon emission. Numerous reports list that 41% of the world’s total CO2 emissions are caused by the energy industry companies, resulting in initiatives to decarbonize energy supply with renewable energy resources. To show its commitment to COP21, countries such as UAE have vowed to reduce its fossil fuel subsidies and have invested US$163 billion in renewable energy projects. Also, nations and companies having positive carbon balance can sell its carbon credit to companies with higher emissions. Such incentives discourage companies to reduce its carbon footprint and the energy industry players to opt for such alternatives.

Ease of Access and Affordability

Energy access has been largely limited to only the developed and urbanized parts of the world. The accessibility problem is still posing as a significant challenge to the energy industry. The energy prices vary across the globe depending on numerous factors. In multiple regions, the affordability issue seems to be more prominent as it drives the prices of all other consumer goods. For instance, Germany has the highest rate for per kilowatt hour of electricity at 28.18 euros, which is compelling the manufacturing units in the country to outsource production to the low-cost region.

Investment and Returns

The level of investments required for energy generation projects is so significant that it usually has to be backed up by investments from world bank or governments. The typical project cost for energy generation runs over billions of dollars. For instance, in 2005, a conference on renewable energy investment in India had private companies committing around $200 billion in investments into green energy. With such massive investments, the pressure on returns is much higher. The increasing cost of operations and maintenance can reduce the plant availability for power supply to the grid; thereby, diminishing the returns. Additionally, regulatory approvals, construction and technology risks create a significant challenge for the energy industry in delivering energy projects on time, within the stipulated cost and quality targets.

 

To know more about challenges faced by the energy industry, huge capital requirements, ease of access and affordability, and decarbonizing targets:

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Competitor Analysis Assists a Renowned Biomass Energy Supplier Benchmark their Service Offerings

Today, with the increasing impact of global warming on weather conditions and ecosystems across the globe, regulatory authorities are compelling businesses in the power and energy space to look for promising renewable resource such as biomass energy. Also, with the relentless pressure to curtail the carbon footprint, renowned suppliers in the energy space are looking for alternatives such as biomass to reduce the increasing dependency on fossil fuels. Thus, to shift toward more feasible solutions and enhance their market presence, renowned suppliers in the biomass energy space are facing the need for competitor analysis solutions. In the biomass energy space, competitor analysis solution helps businesses identify and profile the potential competitors and evaluate their strategies. Moreover, biomass energy suppliers can assess their profitability, growth patterns, and marketing objectives and perform a robust SWOT analysis to improve their business performance. With the help of an effective competitor analysis solution, suppliers in the biomass energy space can refine their products and devise an effective go-to-market approach.

To profile the potential customers and better market their own products and services, biomass energy suppliers are approaching companies like Infiniti. With years of experience in this field, Infiniti’s competitor analysis solution helps businesses analyze the current and future competitors and formulate effective strategies to enhance the market share. Moreover, Infiniti’s competitor analysis solution also assists companies to predict and forecast organization’s supply-demand and efficiently plan for diversification and expansion.IR_Brochure

The Business Challenge

A renowned biomass energy supplier with a considerable number of supplier units spread across the globe was facing certain predicaments understanding the market effectiveness and benchmarking their service offerings. The client wanted to seek ways to study the forthcoming trends and develop strategies for organizational growth. With the help of a competitor analysis study, the client wanted to gain insights into the future competitor strategies and predict customer behavior to uncover their objectives in the biomass energy supplier space. Moreover, the biomass energy supplier also wanted to understand the prevailing technologies in the current market and implement innovations to improve business performance.IR- competitor analysis

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Our Approach

To profile the potential competitors and assess the competitive landscape of the biomass energy supplier space, Infiniti’s competitor analysis experts carried out extensive qualitative and quantitative research with renowned stakeholders in the biomass energy supplier space. Furthermore, to identify the potential target segments, the experts further compiled information across a wide array of proprietary sources such as paid industry databases, company presentations, and industry forums.

Competitor Analysis Solution Benefits:

  • Profiled the potential competitors and identified their product offerings
  • Assessed each competitors market share and their current strategies
  • Identified organizations competitive strengths and implemented effective strategies to improve the competitive advantage
  • Understood the customers’ needs and preferences and improved customer satisfaction
  • Identified the pricing structures of the products and implemented a robust promotional strategy

Benefits of Our Integrated Approach

With the help of the competitor analysis study offered by Infiniti, the client was able to effectively compare the products with that of the competitors. The engagement helped the client identify the key risks and opportunities in the market and potential ways to best bid for a lucrative market. Moreover, the engagement also assisted the client to understand the current competitive environment and further improve their marketing returns on investment in a span of 12 weeks.

A must-read case study for strategy experts and decision makers looking to develop an understanding of  the energy industry.

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