The Seven Energy Developments to Look for in 2019

For the past several years, the energy industry has been growing as the demand for green and clean energy has increased. In 2018, a new record for corporate renewable energy procurement was set. Developments like electrifying homes, and local governments offering incentives to residents adapting their homes to be more energy efficient continued in the past 12 months.

2019 holds promise (as well as some challenges) for the energy industry:

  1. Blockchain is Going to Influence the Energy Industry

Offering security in exchanges and data tracking, blockchain is expected to influence the energy industry. A new, large-scale pilot program by Swytch is going to work with Energy2market GmbH (e2m) to power homes in Germany with renewable energy through this secure option for energy trading. The numerous other ways blockchain will influence the energy industry remains to be seen.

  1. Developing Nations are Seeking Green Solutions

Developing countries striving to reach energy equality for citizens have long faced challenges distributing energy to large and widely-dispersed populations. Green energy options, like solar power, are proving to be effective solutions for remote, rural, and disconnected communities in need of electrical power. Blockchain is also influencing this trend.

  1. Wind Energy Technology is Taking On a New Look

Growing trends are changing the look (and improving the outlook) of wind technology. Bladeless turbines are increasingly popular, as are taller and high-powered turbines. Technology that can withstand harsh elements is also favored, and research into such improvements is expected to continue.

  1. The Private Sector Will Get More Involved in Financing Private Initiatives

One of the challenges in the energy industry is expense. While non-profits have been raising money for energy research for some time, there is likely to be an increase in private donations to support private green initiatives. For example, a “green bank” has been created in Colorado to raise private funding that will offer opportunities for investment in clean-energy projects.

  1. Energy Storage Will Be a Focal Point

The buzz around energy storage solutions will continue to grow in 2019. A recent Energy Storage Summit featured predictions by industry experts about this innovation. The predictions included that utility-scale storage installations will increase next year as well as that cobalt prices will decline, making battery storage solutions more viable.

  1. Hydropower Technology Will Develop Further

According to Innovation Origins, the Waterotor is a newer technology that may increase the viability of hydropower as a clean resource. The Waterotor is unique in its ability to create energy from streaming water, not just major dams. Other creative means of energy production are likely to take place at a grassroots level.

  1. Pilot Programs and Government Backing Will Increase in Importance

The American Energy Innovation Council (AEIA) recently released a report analyzing, challenging and making suggestions about American initiatives, policies and shortcomings in the energy industry. The AEIA suggests that new, robust pilot projects are necessary and that more backing by the government needs to be expanded.

Follow us on social media for the latest updates in B2B!

Twitter – @EnergyMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

Why Hardwired Buttons Outperform Wearable Devices in School Safety
July 15, 2024

In a recent episode of “Secured” with hosts Mike Matranga and Mike Monsive, the conversation revolved around the evolution of safety systems in schools and wearable devices. The discussion highlighted the simplicity of understanding effective systems, using Buc-ee’s gas stations’ success, known for their clean restrooms, as an analogy for consistency and excellence. Matranga…

Read More
AIS targets
Fact or Fiction: Do All Boats Show as AIS Targets on Radar?
July 12, 2024

In this latest episode of Icom’s “Fact or Fiction,” Captain Kelly Gordon tackles a common misconception about marine radar systems: Do all boats show up on radar as AIS (Automatic Identification System) targets? Many believe every vessel on the water appears as those distinctive little triangles on radar screens, representing AIS targets. However, Captain…

Read More
AI in content marketing
Generative AI in Content Marketing: Why Creativity & Authenticity Will Make it Work
July 11, 2024

Will 2024 be known as the year AI made waves in content marketing? It sure seems so, with recent AI-driven ads from Toys R Us and Under Armour generating significant buzz online. Not just this: Despite having no official ties to the brand, a mock Volvo ad created entirely by AI has also gone…

Read More
Hiring Made Human: Hiring When You’re a Start-Up
July 11, 2024

The challenges of hiring for a startup have become more pronounced these days than ever. With technological advancements and evolving market demands, startups must be agile and strategic in their hiring practices to ensure success. According to some studies, nearly 90 percent of startups fail, with a significant factor being the inability to attract…

Read More