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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  |  Market Outlook
Top 5 Growth Opportunities in Industrial Electrification, 2024
Multi-stakeholder Collaboration and Technological Innovations to Boost Electrification of Industrial Segments
Geopolitical crises, such as the Russo-Ukrainian War and the recent Israeli-Hamas War, have highlighted the risks and challenges associated with dependency on imported fossil fuels. Energy security has become an important global megatrend since 2022, driving significant investment in renewable generation and other low-carbon alternatives. However, ...
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18 Dec 2023  |  Global  |  Market Outlook
Top 10 Growth Opportunities in Power and Distributed Energy, 2024
Record-breaking Investment Levels as Power Decarbonisation Accelerates Globally
2023 was a record-breaking year for power generation investment, with $840 billion invested in projects globally, up from $611 billion in 2022. Renewable energy dominated investment in 2023; solar PV and wind power combined accounted for $528 billion. Climate commitments and supportive regulations are the mainstays of global growth. China has signi...
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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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07 Dec 2023  |  Global  |  Market Outlook
Top 10 Growth Opportunities in Hydrogen, 2024
A Pivotal Year Ahead as the Sector Shores Up Its Leading Fuel Position for the Energy Transition
After five years of buzz and excitement, 2023 has become somewhat of a reality check for the hydrogen industry. The volume of final investment decisions (FIDs) for projects has been low as financing costs and associated project scrutiny have increased. The results from utilizing hydrogen in some sectors have proved disappointing, with projected cos...
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07 Dec 2023  |  Global  |  Market Outlook
Top 10 Growth Opportunities in Oil and Gas Decarbonization, 2024
Energy Transition, Carbon Capture, Automation, and Emissions Management to Drive the Industry toward Net-Zero Targets
Decarbonization, digital transformation, and technology innovation have accelerated significantly in the past five years. The global energy industry is experiencing an unprecedented transition, and this change is bringing exciting new growth opportunities to the oil and gas (O&G) sector. However, the shift to a net-zero future concerning carb...
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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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31 Jul 2023  |  Global  |  Market Outlook
Global Oil and Gas Industry Outlook, 2023
Energy Transition, Decarbonization, Digitalization, and New Business Models Drive Industry Transformation
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies face pricing, energy security, and industry disruption struggles. As the industry moves to meet decarbonization and su...
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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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