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07 Aug 2024  |  Global  |  Technology Research
Disruptive Technological Advancements Accelerating Nuclear Fusion Commercialization
Global Pursuit of Virtually Limitless, Clean, and Safe Energy is Driving Nuclear Fusion Technology Development.
Nuclear fusion commercialization will address challenges related to climate change, sustainable development, and the ever-growing energy demand. According to the World Nuclear Association, global electricity demand is anticipated to increase by more than 50% by 2040, which highlights the urgent need for innovation to develop clean and sustainable e...
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04 Jul 2024  |  Global  |  Technology Research
Techno-economic Comparison of LFP and NMC Battery Technologies for Electric Vehicle Applications: Performance, Value Chain Analysis, and Growth Opportunities, 2024-2030
LFP and NMC batteries provide distinct value propositions due to the performance differences exhibited by both chemistries
Rapid advancements in battery technology are imperative to develop the next generation of electric vehicles (EVs). Currently, the nickel-manganese-cobalt (NMC) and lithium-iron-phosphate (LFP) variants of lithium-ion (Li-ion) batteries lead the market for EV battery packs, with LFP batteries witnessing increased penetration over the past few years....
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30 Jun 2024  |  Global  |  Technology Research
Growth Opportunities in Material Advancements in Hydrogen Storage and Transportation, 2024-2029
Emergence of Hydrogen Economy and Urgent Need for Efficient and Safe Hydrogen Storage and Transportation are Driving Innovations toward New Material Development
Ongoing efforts to mitigate climate change, in addition to the announcement of net-zero emission targets, have provided a boost to the hydrogen economy, further supported by the declining cost of electrolyzers. This positive momentum toward the hydrogen economy has ignited interest in the research and development of hydrogen storage materials. D...
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30 Jun 2024  |  Global  |  Technology Research
High-temperature Fuel Cells for Decentralized Power Generation: Recent Innovations, Developments, and Growth Opportunities
Analyzing the techno-economic advantages of implementing HTFC technologies for a low-carbon future
The increasing demand for decentralized power generation, supportive government policies, and the progress of the hydrogen economy will drive the growth of the high-temperature fuel cells (HTFC) industry for decentralized power generation. The focus on energy independence and security across the residential, commercial, and industrial sectors for r...
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19 Dec 2023  |  Global  |  Technology Research
Technology Advances in Next-generation Wind Energy Systems
Innovative Design Approaches and Enhanced Cost-efficiency, Reliability, and Sustainability are Driving Transformational Growth
Wind energy is expected to play a vital role in achieving emission reduction targets across industries. However, conventional wind energy systems face several challenges, including limited land availability, intermittent power generation, and the inability to exploit low- and high-speed wind environments. This report studies the next-generation win...
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18 Dec 2023  |  Global  |  Technology Research
Technologies Enabling Industrial Electrification
Global Efforts to Deliver Net-zero Carbon Emissions Will Spur the Decarbonization and Electrification of Emissions-intensive Industries
The global industrial sector is responsible for nearly 30% of carbon emissions annually. To achieve carbon reduction targets, demand is increasing for the electrification of key manufacturing processes. Focus is currently on achieving direct electrification, which involves replacing fossil fuels used in various industrial processes with technologie...
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29 Aug 2023  |  Global  |  Technology Research
Methane Pyrolysis-based Hydrogen Production: Innovation and Growth Opportunities
Methane Pyrolysis is Advancing the Hydrogen Economy through Cost-effective and Low-emission Hydrogen Production
The shift to a low-carbon, hydrogen-based economy is prompting the energy industry to explore more cost-effective and sustainable technologies, including methane pyrolysis (turquoise hydrogen), which offers significantly lower carbon emissions than steam methane reforming (SMR) and provides a more economical alternative to existing electrolysis-bas...
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27 Jun 2023  |  Global  |  Technology Research
Advancements in Digital Twin Technology Transforming the Energy Sector
Precise Modeling and Process Integration from a Single Platform to Enhance Analytics in Power Generation, Transmission, and Distribution
To meet global emission reduction targets, renewable energy must account for at least 42% of energy consumption by 2030 and 60% by 2050, compared to 17% in 2021. Although the global power generation sector is moving toward renewable power to curb greenhouse gas emissions, renewable energy is intermittent. Therefore, its increased share in the power...
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26 Jun 2023  |  Global  |  Technology Research
Emerging Technology Innovations in Sodium-ion Batteries
A Lower Levelized Cost of Storage and Enhanced Safety Characteristics Drive Sodium-ion Batteries Toward Successful Commercialization
The world requires more energy storage solutions for a vast range of applications—electric mobility, on-grid and off-grid stationary energy storage, consumer electronics, and data centers, among others. Lithium-ion batteries, currently the most widespread energy storage technology, face many issues that novel energy storage technologies must over...
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31 May 2023  |  Global  |  Technology Research
Impact of Additive Manufacturing Technologies in Oil and Gas
On-demand Components and Shift toward Digital Inventory Drive Adoption of 3D Printing
Recent years have seen tremendous technological growth in additive manufacturing, also referred to as 3D printing, and increased research and development (R&D) activities as companies work to scale the technology and meet increasing and evolving needs across several industries. In particular, the oil and gas sector is adopting 3D printing technolog...
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