Tackling the Energy Trilemma: Mitsubishi Power’s Pioneering Approach to Secure, Affordable, and Clean Energy Solutions
As the world shifts gears towards clean energy, “navigating the energy trilemma” is the top short-term priority. The energy trilemma involves providing secure, affordable, and clean energy while increasing investments in renewables and other low-carbon solutions. Emerging markets like the Indian subcontinent, Southeast Asia, and Sub-Saharan Africa are expected to drive global energy use through 2050. However, most of these countries will still rely heavily on fossil fuels for at least the next decade.
Mitsubishi Power believes that the cornerstone of energy transition success in the power generation industry is cultivating partnerships that facilitate the creation of groundbreaking products and business models. With the recent enactment of the Inflation Reduction Act (IRA) in the United States, a staggering $370 billion has been allocated for clean technology incentives, promising robust market growth for the next thirty years. To further diminish emissions, Mitsubishi Power is concentrating its efforts on hydrogen co-firing in gas turbines and broadening their “Energy Transition” division. This expansion will encompass battery energy storage, photovoltaic solar, and hydrogen technologies.
Bill Newsom, Dr. Javier Cavada, and Khalid Salem, leading executives at Mitsubishi Power, share their thoughts on the scope and challenges of the global energy transition today, and the role Mitsubishi Power is taking to help guide the power solutions market toward those goals.
Article written by Azam Saghir.
Exploring Buying into Better with Deloitte’s Anthony Waelter
Consumers have multiple choices in spending their dollars, and today’s consumers invest in companies and brands that align with their values and needs. Buying into Better™ is more than a concept or a trend; it’s the way of the present in how consumers channel their purchasing behavior. Brands don’t get judged on their quality alone. […]
Closing the Books: Overcoming Debt Collection Challenges in 2023
Inflation continues to be something consumers have to deal with on a very regular basis. In addition, debt is burden that people from all walks of life have to contend with. So, when it comes to both of these issues, how can debt recovery agencies manage collections, their interactions with consumers, and work within new […]
Enhancing In-Building Wireless Connectivity: Within Wireless Announces Informative Webinar Series
In an era where reliable wireless connectivity is increasingly vital, Within Wireless, powered by Corning, is pleased to unveil its latest webinar series. Designed to address the implementation of in-building wireless systems, this informative series aims to equip building owners and operators with the insights and best practices they need to enhance their wireless […]