The Future In Energy Transformation

What will the future of Energy be like in 30-50 Years? There are higher future energy demands; in the next 30 to 50 years and our global environment will demand more and more energy. There are three driving forces that will make energy more in demand. There is a vast increase in technologically dependency. The emerging technologies (i.e. autonomous vehicles, advanced genomics, mobile) have the potential to change and reshape the surroundings in which we live and work. The extensive use of the Internet whereby people rely extensively to communicate through email, the use of online banking, tools to find information and many more. These are just a few of things that people are so reliant on the internet. It has been estimated that by 2051, the US population is projected to reach the 400 million threshold, and 420 million by 2062. The future of energy is also affected by the supply side of energy, whereby various sources of energy are working together to make fuel in order to satisfy the increasing demands in the next 30 to 50 years. As we noted earlier coal was the dominant source of energy in America, but in recent years the use of coal has decreased drastically, as such in the future will be the second most protrusive source used in the future as energy over the next 30-50 years. This decrease in coal is predominantly due to coal plants becoming older and obsolete. As a result, the closing of these coal plants mean that there will be less coal being produced. The closing of old plants does not necessary induce for new coal plants to be built. It is estimated that coal with drop by 30% of the nation’s energy in the year 2064.   Another agent of energy change is the increase of renewable energy. Solar and wind are two examples. It is vital that both government and businesses are knowledgeable on the upcoming new technologies so that they can begin implementing strategies and start preparing for its impact.   In recent years there have been numerous disruptive technologies introduced into the public sector. Natural Gas will be considered the primary source of energy. The growth of natural gas will be the biggest change. Natural gas is considered to be in abundance and cheap. Currently, 25% of natural gas accounts for the production of electricity, and the majority of homes are being heated by natural gas. Due to the high gas demand, low cost, and the abundance of it, natural gas will be the driving factor of utilization in the future. In the year 2040, natural gas is estimated to make up 35% of US energy production, resulting in being the driver source of energy surpassing coal consumption. It is apparent that the advancement will forever revolutionize the lives of many people, businesses and especially the overall economy. Energy transformation is being driven by five global megatrends interacting with and amplified by a set of shifts taking place within the power sector. The five megatrends-technological breakthroughs; climate change and resource scarcity; demographic and social change; a shift in global economic power and rapid urbanization – are challenges for businesses. Is the Energy sector ready to revitalize its business model to sustain current and future disruptive innovations? In the near future, society will be forced to find new ways and will be required to research and develop alternative energy sources. If no action will be taken in coming up with new ways to generate energy there will be an energy crisis in this century. Breakthroughs and advances have been made in the technology sector of renewable energy. Energy companies are addressing the growing demand of having to provide new products and services by making strides in how energy sources are extracted, created and used. Renewable energy technologies are being utilized such as solar wind and hydro power, which are more efficient for meeting today’s growing energy demands. According to Forbes “The development of energy storage technology is going to be one of the defining features of the 21st century’s energy landscape”. Energy storage technologies allow you to get the most out of renewable energy resources such as wind, which produces more power than it is needed at night where much goes to waste. They can use this wasted energy to heat homes and offices. One of the future sources of energy storage as we said is batteries. Batteries are an integral part of an electric vehicle. This energy storage technology, i.e. “zombie” batteries are being used in the existing electronic vehicle. As the demand increases and the number of electronic vehicles are increasing in purchases, charging stations are being set up in various places. It has been estimated that a lithium ion battery could last from 5 to 20 years and still retain 80% of its charge. The lithium ion battery afterlife can be utilized in homes.

http://video.cnbc.com/gallery/?video=3000397437

 

 

 

Various countries utilize solar power, wind power and water power as their renewable energy. It is estimated that in the future renewable energy sources will be a thing of the past. Korea is planning to invest $36 Billion in renewable energy by year 2020. They are planning to use this money to develop renewable energy industries, such as solar and wind power and eco-friendly power plants by year 2020. It is estimated that power plants will generate 13 million kilowatts of electricity manually which is an equivalent of 26 coal plants. In addition, 4.5 trillion is to be invested in energy storage and 2 trillion in eco-friendly power plants. Another advantage to this investment of building plants and investing in renewable energy will result in an increase of 30,000 jobs by 2020. The Netherlands has built a high-tech Dutch solar bike path. This high-tech solar bike path is called “SolaRoad”, whereby one of the two lanes has solar panels which serves as the feeder of energy back to the grid. The solar panels are designed to be able to generate enough electricity to power homes. After a year of testing it was concluded that the solar panels generated enough energy to power a home for a year just from operating for only six months. There is still more work to be done with improving these solar panels; an issue occurred whereby a portion of the panels peeled off and the path had to be closed off. Japan has entered the solar panel by placing them on their rooftop. Japan has begun work on what will be the biggest floating solar farm. This solar farm is being built on a reservoir. This is estimated to supply energy to approximately 5,000 households when it is completed in 2018. China, Brazil, Egypt and India are also countries which have joined in putting solar panels on their rooftop. The government is encouraging Tokyo builders to make buildings more energy-efficient with solar panels in addition to having form of storage and other devices such as fuel cells. California installed solar panels which resulted in an excess of solar energy. California is considered the leader in the production of solar energy.

 

 

 

 

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4 Responses to The Future In Energy Transformation

  1. kaitlyn healy November 29, 2016 at 10:36 pm #

    In the article by Alessandro Ragusa titled,” The Future of Energy Transformation” it is discussed that there is a push from many different countries world wide that want to make a change in our energy use and hope that we can start using renewable energy as the norm other than fossil fuel and coal. Coal was a major source of energy for years but it has been on the decline because of the decrease in production of coal and it has lea to closure of many coalmines. The newer source that has been a go to in recent years is natural gas. Most homes are heated with natural gas and it is easily accessible and cheap because of its abundance.

    A very horrifying thought for me is the increase in our population in the next thirty to fifty years. It is estimated, according to this article, that the United States population will hit four hundred million by 2051 and by 2062 it will reach four hundred twenty million. This major increase in population will also add to the an increase demand for energy and unless the world comes up with a solution for renewable energy storage we could potentially fun out of what makes us survive.

    The most important factors that are pushing our society and businesses towards renewable energy is climate change and resource scarcity and of course technology break through. The idea of climate change is enough to scare any person who has a conscience into taking a few extra steps to dispose a water bottle in the proper container. We have to look at our planet and think of what we are doing for future generations. Our cars, our factories and our landfills are killing the planet we live on and we are slowly turning our atmosphere into a nonreversible mess our children are going to have to deal with.

    The videos that are linked to this article explain how different countries are trying to come up with their own solutions to making reusable energy available for our homes. Unfortunately all of these ideas need to be bottled into a worldwide source that can tap into each others ideas. We have to work together, our industries, our leaders, and most importantly the citizens of the world to create a better planet.

    Right now the idea of making electricity is one thing but storing it is another. The use of batteries is becoming a very important topic right now and the use of lithium batteries in particular is important because they can last from five to twenty years. If we are to operate electric cars we are going to need batteries to keep them charged. And this is something that we need to be working on now for the near future.

    The goal seems to be to use solar, wind and waterpower to fuel the future. If we are smart we will start utilizing the concept of solar farms, that entitles acres of solar panels, this collects sunlight turns electrons from negative to positive ions and produces energy. The obvious problem is what if the sun is not shining? In one of the videos that is integrated in this article it is stated that in one sunny day the sun gives us enough potential power to use for twenty years. So if it isn’t sunny or it is nighttime we need to utilize wind and water. Some countries are using floating solar panels so they can combine the combinations of power.
    There is so much we have to do but I feel after reading all of these articles that it is fast approaching. The future is now and as a worldwide crisis we need to push a much as we can forward to make this a future that is bright, no pun intended.

  2. Robert Luba December 2, 2016 at 6:13 pm #

    The struggle to attain energy has been one that has gone on since the inception of America. Source after source, energy has been harvested in order to make technological advancements feasible and time after time, energy has been revealed to be made in new and different ways. Whether we are extracting it from oils natural or manufactured or harvesting it from the air or the sun, energy is pervasive in human culture.
    Technology drives the need for more energy. Just ten years ago, there was not as great a need for energy. There were lights, telephones, and cars, all of which need energy to function, but they seemed, at the time, finite enough to power with the simple oil that had been used for nearly two centuries. Now, with the world developing very rapidly thanks to the communication powers of the world wide web, a more infinite source of energy is being sought after. The environmental effects of currently used oil is much too detrimental and expensive to continue at the rate demanded.
    As a result of this issue, solutions have been popping up in the form of very innovative renewable energies. In other posts to this same blog I have read about the use of liquidized oxygen and the projected use of nearly all electric vehicles within the next thirty years. This amount of energy in the form of electricity won’t be able to be generated by oil generators or just gas converters, not on the scale demanded. Much like in a capitalist society, wishes can only be satisfied by work for capital. Now is when we must innovate and to meet the demand that we create for ourselves. The electric cars of the future will not be able to run if there is not enough cheap energy to power them. Energy of the magnitude of which we would like it will not come to us if all is left equal. The article hashes out some of the ways that we are innovating currently to meet our demand.
    This is a beautiful way for new firms to begin and be profitable. Someone needs to provide people with a way of keeping up with their own wants. Energy, green, renewable energy, can be gotten in different ways know. There are more options than just oil or solar power. Another article, as I have already mentioned, suggested the use of a new innovation. An oxygen liquidizer provides substantial amounts of easily storable energy that can be used on an individual basis. Instead of paying an electric plant or installing costly solar panels that will become outdated, one can now invest in a one-time cost of an oxygen condensing generator. Oxygen, being a very common element, would allow for infinite source of energy for particular houses that invest in the generator. being one’s own source of energy would allow for a more efficient generation of energy and would leave little to waste. Instead of having a large electrical plant for selective distribution at a monthly fee, one would be their own generator.

  3. Sahnera Spruill December 2, 2016 at 7:59 pm #

    In modern time, energy is something that we all absolutely need, but completely overlook and take advantage of. Now that the environment is changing and our habits are needed to change, we are now asking how we will now get our source of energy. Hopefully whatever kinds of energy are decided to be integrated into our society will support the environment and businesses everywhere. As stated in Alessandro’s post, though it is decreasing drastically, most of the world’s energy comes from coal. There are obviously no easy solutions to carbon free energy system. I did not realize that natural gas was used so profusely. Natural gas is a mixture of hydro carbon gases that occur naturally beneath the earth’s surface, often with or near petroleum deposits (so an easy to obtain source). It contains mostly methane.
    One form of sustainable low carbon energy is wind power which has developed into a major source into electrical power generation within the last twenty-five years, generating seven percent of the world’s total energy output. It’s becoming cheaper, more reliable and it’s been practiced enough to effectively be placed into a grid. Wind farms are now approaching the point of being economical without subsidy which is obviously good for the industry. Wind farms are even being placed off shore in order to harvest more energy. The only difficulty with that is that it can get quite expensive, so they have to find a way to maximize efficiency and abundance while minimizing price which may be difficult. Solar Power is also a great source of renewable energy. Solar energy is the most powerful source of energy. More energy falls as sunlight on the United States in a single day than it uses in a year. There are many reasons why solar power isn’t the primary source of energy now. Cost and reliability are some primary reasons. In the very last video titled “Journey to the heart of Energy – How a solar power plant works”, of Alessandro’s post, the guy in the voice over stated that solar power was free. I suppose he said that because the sunlight is free, but from my own understanding, the means to using solar power efficiently are not free. Solar power is expensive compared to any other and scientist are still trying to figure out how to make it reliable by storing solar power. Without storing power, the availability of solar power varies with respect to time, weather, season and location. I can see why it is predicted that wind and solar power will be a source of renewable energy that is a thing of the past, but I, like Korea see them as efficient. I also appreciate the idea of the new energy source increasing 30,000 jobs for citizens. These energy sources may be pricey when it comes to research and production but I strongly feel that these are measure that may be necessary to take here in the United States. I am now going to go to YouTube to see if anyone has posted a video demonstrating how to build a personal solar powered energy source to charge phones.

  4. Richard buzbee June 2, 2017 at 8:38 pm #

    The first principle in economics is that human wants are infinite while the resources to meet these wants and needs are limited. The same can be said of power generation and this is even more complicated as while the means to generate enough power is limited there is a growing need to produce this power in a way that doesn’t cause environmental pollution and is sustainable.

    It is safe to assume that the energy needs of human beings are bound to grow as a reflection of the increase in population and as our taste for technological advances increase while more advanced breakthroughs trickle down to the growing middle class. While the developed nations are striving for not just uninterrupted power supply and upgrading their appliances to more energy saving models, the population in developing countries are just getting access to electricity and purchasing more power-hungry models of appliances.

    The demand in our energy needs is bound to increase in the future and the article looks to highlight the present state of power generation, the obstacles faced and tries to project what our future needs would be.

    Factors in favour of increased demand were given as increase in technology use, the development of new and power driven technologies and the increase in the use of the internet.
    As the explosion in internet penetration increases, for example, Facebook now has over two billion unique visitors, the infrastructures needed to provide internet access is power dependent from the energy needs of the telecoms provider to the power needs of the end user to stay online. There is no internet without power and the more we get on the internet the more the energy need just as more gadgets are tools are becoming internet enabled even up to the humble lightbulb.

    All these indices that try to estimate future energy needs are dependent on the existing population and estimating power needs to take into cognizance variations in the population and future population estimates project exponential growth in the human population as there is an increase and advancement in healthcare.

    While population and technology are in the demand end of the equation, the means of power generation puts a technological bottleneck on the availability of power at the supply end.

    Coal has been the traditional engine of power generation but as the world becomes more aware of climate change and the imminent dangers to the immediate future generation, there is a slow but steady move from coal generated electricity to renewable and climate friendly methods of producing power like Solar, Wind and Geothermal, that are not just potentially infinity but are sustainable and good for the planet.

    However, to bridge the gap between the dangers of coal power generation and the target of economic friendly power generation, is the use of natural gas which is very abundant but not as dirty as coal. The factors that influence policy on the means of power generation includes technological breakthroughs, climate change, resource scarcity, socio-demographic changes, then global economic power and urbanization.

    While these given in the article influence the means of power generation the greatest limitation to the ideal world of having power to all people always generated in a clean and environmentally sustainable means is the Technological Innovation.

    It is for this reason any forecast like those attempted in the article cannot be more than guesstimates, as fifty years is a long time for an innovation to be developed to cause a paradigm shift in the power generation sector. Technologies like nuclear fusion hold the promise of sustainable and exponential power generation and remains an active area of research. Countries like the Netherlands and Korea have invested billions of dollars to be at the forefront of renewable power generation and despite setbacks continue to learn and innovate in sustainable power generation.

    As we continue to develop a more connected world and make innovations to lead easier lives the engine of growth that drives our dreams and vision is the electricity and this is the lifeblood of the modern world. Anticipating future challenges helps us to prepare for the bright future we all desire.

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