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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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23 Dec 2022  |  Global  |  Technology Research
Technological Advancements In Floating Solar Technologies
Innovative Designs, High-Grade Materials, and Tracking Technology Enhance the Viability of Floating Solar
Because of the increasing population, land acquisition costs are increasing, which presents a challenge for the conventional land-based solar power industry. Floating solar photovoltaics (FSPVs), also known as floatovoltaics, do not require land and will play a major role in the renewable industry in the coming years. FSPVs float on bodies of water...
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22 Dec 2022  |  Global  |  Technology Research
Technology Trends and Advancements in Nuclear Hydrogen
Advancements in High-temperature Electrolysis and the Shift Toward Hydrogen Economy will provide Competitive Intensity to Nuclear Hydrogen Production
While clean energy resources are replacing fossil fuels, hydrogen has emerged as an attractive path to decarbonizing the industrial sector, demonstrating strong potential to have a substantial impact on the energy and transportation sectors. With its high energy density and ability to provide heat and electricity to produce low-cost hydrogen on a l...
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15 Dec 2022  |  Global  |  Technology Research
Breakthrough Innovations in 3G Solar Cells
High-power Conversion Efficiency, Lower Levelized Energy Cost, and Wide Application Diversity Driving Products to Commercialization
As the solar energy industry progresses on its path to becoming elemental to global energy supply, newer generation solar cells must overcome the limitations of silicon solar cells used today. These issues include material wastage during manufacturing, inability to provide flexible cell formats, and limitations to theoretical efficiency at a maximu...
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14 Dec 2022  |  Global  |  Technology Research
Breakthrough Advancements in Geothermal Energy Technology and Global Growth Opportunities
Advanced closed-loop and enhanced geothermal systems are emerging as key disruptive technologies driving geothermal industry growth
Geothermal energy involves the use of the underground heat generated from the Earth’s core for electricity and heating purposes. While solar and wind energy technologies represent the mainstream renewable energy sources, geothermal energy has its own distinct advantages. Its capacity to provide heating/cooling and power generation, the steady ene...
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