The annual Black & Veatch Strategic Directions: Natural Gas Report explores the complexities and market dynamics impacting today’s natural gas landscape.
As the world continues to invest in the adoption of greener energy options, the outlook for natural gas has never been more positive.
Nations in Southeast Asia are working to balance energy security, environmental sustainability and economic competitiveness at a time when the financial sector is looking for bankable energy projects in which to invest.
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception.
Today’s EVs are much like the first automobiles in one important respect: When the first cars were made, they had an outsized dependency on infrastructure. Without a robust system of roads (let alone highways), what was the incentive to buy?
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix.
Driven by demand and a federal order designed to nurture broader adoption of storage capabilities, practical applications of energy storage are emerging that are competitive with conventional solutions.
Maturing technologies and a growing emphasis on energy efficiency and sustainability are leading organizations to manage more DER than in the past. Bolstered by more financial and mechanical flexibility behind the meter, companies are becoming increasingly energy independent and investing more in alternative generation, storage and energy efficiency.
It’s been a headache-inducing nexus of active regulation, distributed energy and environmentalism for some electric utilities. Plunging costs of solar power and growing concerns of climate change are inspiring swelling ranks of the largest private and Fortune 500 companies pursuing not only aggressive renewable energy goals for sustainability purposes but also cost effectiveness and resiliency.
The concept of “new energy” has ushered in a global movement dedicated to cost-effective sustainability, clean energy technology and grid innovation. Today more than ever, we’re seeing stakeholders and industry giants from all sectors come together in combined efforts.
The Department of Defense (DoD) has garnered considerable attention for its initiative to deploy more renewable energy at military facilities worldwide. Green energy goals have pushed facilities to implement distributed energy resources (DER) through integrated microgrids and other solutions to boost system resilience and energy security – all in the name of keeping missions on, even if local grid power is compromised. The benefits are easy enough to understand, but how could personnel perform their missions without an equally critical commodity, water?
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