Liquefying natural gas at sea is proven commercially and technically. Originally conceived as complex mega-scale developments, smaller and alternative floating LNG vessels can improve commercial viability.
Utilities, cooperatives and municipalities have experimented with pre-paid energy service over the years, with varying degrees of success. Today, what was once a service focused on addressing the needs of the utility has shifted to offer a balanced set of benefits that address the needs of both the utility and the customer.
In 2016, utilities are going to come under increasing pressure from disruptive market forces, such as evolving technology and the entry of new market players. At the same time, utilities will be pressed to quickly provide approvals for rooftop solar developers.
We are at the dawn of the Fourth Industrial Revolution, and the foundation of this new era is squarely built upon the success of the "digital grid." Today, grid modernization will involve three paradigms that will provide clarity to achieving an effective grid optimization strategy.
In smart city initiatives, electrification of the personal vehicle, fleet and mass transit sectors is becoming an important tool for city officials and utilities as they reimagine how people and goods move sustainably across the urban environment.
To achieve efficiency improvements, water and wastewater utilities might be wise to consider performance contracting. A performance contract with an Energy Services Company (ESCO) can deliver much-needed operational efficiencies with manageable lifecycle costs and minimized risk.
Asia experiences more natural disasters than any other region in the world. However, there may be a solution to help mitigate loss going forward - investing in and embracing emerging smart grid and microgrid solutions.
Municipalities face a grim reality when it comes to funding smart initiatives through traditional routes - according to survey data, only 16 percent of municipalities can self-fund a smart city initiative; a little over a third cannot.