If last year is any indication, the next decade belongs to renewable energy. Debora Frodl, Global Executive Director at GE Ecomagination, and Yves Rannou, President and CEO for GE Renewable Energy, Hydro, share three reasons that propel the business case for renewable energy.
Communities in the remote parts of Lampung, Pontianak, Bangka, Riau, Belitung, Ampenan, Paya Pasir, and Nias provinces, are the beneficiaries of a new energy plan announced by the Indonesian state utility, Perusahaan Listrik Negara (PLN) on December 8, 2016.
“For many people, the power industry appears stable on the surface. However, a lot of changes have happened in the past five years - new technologies, especially digital technology, have come on stream; more renewable energy is coming online; and customers are also demanding empowerment. This will impact all players in the industry.”
More efficient renewables can not only power factories, but they can act as "mini-grids" in connecting rural communities. Could more affordable and scalable batteries be a remedy to poverty?
Countries, provinces, cities and companies are increasing their renewable energy production targets at a rate that makes clear the transition away from fossil fuels is happening and unstoppable. But they must overcome major structural, political and perception hurdles if they hope to attain a future powered only by renewable sources.
The renewables revolution is forcing the energy industry to evolve. Change brings opportunity, and bold players stand to make significant revenue gains by wading into this new world.
The introduction of big data analytics has helped the industry improve on its efficiencies, facilitating industry players to reduce downtime and optimise resources. General Electric (GE), for example, has presented various digital industrial solutions.
Renewables are key to a sustainable global power supply. Private-sector ingenuity and collaboration can help accelerate the transition toward a low-carbon energy future.
Even oil-rich nations need an energy boost. GE is working to provide one for Egypt.
Delivering power where it matters and when it matters has been a major challenge for policy makers across the world. Electricity fuels life and growth, and with the population continuing to increase around the globe, the demand for reliable and assured power supply is growing as well, often at exponential rates.