New Energy Infrastructure Vs. Extending Fossil Fuel Plants: How Should the Energy Industry Tackle Aging Power-Generation Assets?

 

If the expected surge in power demand is anything to go by, the U.S. power grid could be in trouble. Fueled by clean energy projects and a massive shift towards electric vehicles by 2030, it’s clear the grid could face major strain — and even blackouts. Unfortunately, the U.S. has already faced such disasters: The Texas Freeze of 2021, for example, left millions without power, food, and even clean water. Even with this backdrop, pressure to act on energy transition goals is motivating fossil fuel power plant operators to close shop, with questionable reliability of alternatives to supplement the energy mix. As major stakeholders debate how to meet both baseload power generation needs and support clean energy adoption goals, the question is: Should the focus on improving grid resilience be on developing new clean energy infrastructure, or on maintaining and upgrading existing systems to meet the surging demand, even if that infrastructure is supporting the generation of fossil-fueled power?

This question forms the core of a discussion on Experts Talk, hosted by Daniel Litwin, the Voice of B2B at MarketScale. Joined by Dr. Michael Seitz, Global VP of Product Development at WSI; James Wicklund, Energy Consultant at PPHB; and Mike Finney, President & Co-Founder of Global Energy Partners, the episode delves into the complexities of improving baseload power generation and the broader implications for maintaining critical energy infrastructure.

  • The Dilemma of New vs. Existing Infrastructure: The conversation explores the trade-offs between investing in new renewable energy sources and upgrading existing fossil fuel plants.
  • The Role of Technology and Innovation: The panelists offer insights into how AI can optimize energy production, distribution, and consumption.
  • Strategies for Collaboration and Efficiency: The panel discusses the importance of cross-industry collaboration and innovative approaches to energy efficiency.

Dr. Michael Seitz, with his extensive background in product development and a dedicated pursuit of engineering solutions for energy challenges, is at the forefront of advocating for cleaner air in workplaces and indoor public spaces.

James Wicklund, whose commitment to the energy sector’s evolution is evident through his involvement with the Society of Petroleum Engineers and the Society of Exploration Geophysicists, brings to the table a critical eye for the intricate dynamics shaping the future of energy policy and infrastructure.

Mike Finney, who co-founded Global Energy Partners with an aim to extend the life of energy systems, has helped businesses attain energy reduction across industries.

Article written by MarketScale.

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