5 Coming Breakthroughs In The Energy Sector
- May 24, 2019 4:51 pm GMT
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The past few years have seen a massive shift in global public opinion for the future of the energy sector. Whereas people across the world were once content to believe in the limitless amount and potential of fossil fuels, new awareness for climate change is forcing companies and individuals alike to search for new energy alternatives for the near and long-term future.
What are the leading innovations to be aware of in the energy sector right now, and what direction will markets, politics, and changing social norms take us in? Here are 5 coming breakthroughs in the energy sector.
1. We’re about to enter the ion age
Perhaps the most notable coming breakthrough in the energy sector is the slow but steady arrival of the ion age, where everything will be battery powered. Greener methods for generating energy, like solar panels and wind turbines, only function because of advanced batteries capable of storing the immense amounts of sustainably generated electricity. As the threat of global climate change grows more pressing and people around the world pivot to greener energy solutions, better and better battery technology will continuously be in demand.
With the future set to be battery powered, it’s safe to say that we can look forward to cheaper, more plentiful, and more efficient batteries in nearly all of our electric powered devices.
2. Energy efficient homes are all the rage
Most homeowners switched to more environmentally-friendly and energy-efficient lightbulbs years ago, but that doesn’t mean the growing trend of energy efficient homes has peaked. As a matter of fact, the foreseeable future will be dotted with homes that rely on solar panels for their energy production, with government regulations and market whims alike steering everyday homeowners towards energy efficient homes that are net-zero in energy use.
Take a look at California’s ambitious move to require solar panels on newly-constructed homes, and it’s easy to imagine a future where highly energy efficient homes are the new standard. The energy sector of the future will be more capable of meeting industrial demands if homeowners are more capable of taking care of themselves, too, so this trend will positively impact the bottom line of businesses.
3. New energy storage facilities will be needed
With all these rapidly-forthcoming changes, it’s only natural that new, efficient energy storage facilities will be in robust demand for the foreseeable future. After all, none of the exciting coming breakthroughs in the energy sector can be realistically achieved and sustained without proper infrastructure in place to hold and disperse that energy to where it’s needed.
An electrician is going to have to become an essential part of the job market moving forward, especially as these new facilities find themselves in need of qualified professionals who understand the local lay of the land. Don’t be surprised if future infrastructure spending is heavily based around the construction of new energy facilities and the hiring of talented individuals needed to operate them.
4. Developing countries will become innovative hubs
Most people who are obsessed with the future of the energy sector have their eyes set on the West, but those who are really interested in keeping track of future innovations should keep an eye on the developing world. This is because many Western nations like the United States, for all their pivots toward green energy, are still solidly in the hands of a fossil-fuel economy that’s hard to shrug off. In developing areas of the world, however, youthful populations are embracing green energy production as the only sustainable method of development, which means they’ll become the innovators of the future.
According to officials from the World Bank, for instance, countries like India are driving their growth by investing heavily in sustainable energy production methods which won’t be worthless in a few years due to new environmental regulations and worsening climate conditions. Despite the massive advantage the developed world has over developing nations, it’s the latter that’s stepping up to the plate with its eyes towards a more sustainable and energy-efficient future.
5. Energy management is entering a new era
One of the most intriguing yet mysterious breakthroughs about to occur in the energy sector is a revolution in energy management. New technologies, particularly those centered around the collection, analysis, and application of huge sums of data, are making it easier for energy managers to achieve their goals.
Despite all the attention being paid to sustainable methods of energy production, more efficient energy management systems could ultimately be the most important coming breakthrough in the energy sector. After all, our new solar panels and wind turbines will be effectively useless unless they power they generate can be wisely wielded instead of being squandered. It may not be exciting, but data management and the further digitization of the energy sector is surely one of the most important breakthroughs that’s hurtling towards us.