A new world: The geopolitics of the energy transformation

N/A | January 24, 2019

article image
The contents of this publication are the sole responsibility of the Global Commission on the Geopolitics of Energy Transformation and do not necessarily represent the views of IRENA or its member states.

Spotlight

EPC Technologies Pty Ltd

EPC (Energy Performance & Control) Technologies was founded in 2016 to provide smarter clean energy solutions for Australian business. Even though the name is new, the founding team of EPC Technologies possess over 50 years of experience designing and delivering commercial and utility-scale energy solutions throughout Australia.

OTHER ARTICLES

Key Benefits of Implementing AI in the Energy Industry

Article | March 3, 2020

Artificial intelligence is now influencing in every industrial sector. How wonderful it can be to extend the benefits of this technology across industrial sectors that are facing crisis and imbalance of demand and supply all over the world! Energy is one such crucial sector that impacts all the other industries as they use power for their operations. This explains why, according to a recent BIS research report, the global AI market in the energy sector is expected to reach USD 7.79 billion by 2024 (Source). Moreover, research is being done in this sector to find out how the non-renewable sources of energy can be preserved, without creating a shortage in supply for human consumption. The use of renewable sources of energy seems to be the only savior. But, there are several challenges in utilizing renewable sources of energy too!

Read More

Artificial Intelligence in the energy sector: opportunities and challenges

Article | March 25, 2020

AI is certainly the talk about the hour nowadays. In high-tech industry, AI is the one with most potential. But before proceeding and discussing further on this exciting technology, we’d like to first understand what AI means-: As power is being generated from more volatile sources like solar and wind, the requirement is that power generation must react intelligently to consumption (and vice versa). With AI, we can evaluate, analyse and control participants connected to each other via these smart grids. With modern day emphasis on climate changes and increasing pressure to reduce CO2 emissions, we must find ways to have most of our power generated from renewable resources. The problem with renewable sources of energy are that they are unpredictable, which makes production of energy periodical and sometimes even chaotic. With renewable sources, there can be power outages or too much power generation which needs to be controlled. Smart storage, also known as Intelligent Energy Storage(IES) can effectively handle these disrupt changes in power supply.

Read More

CORONAVIRUS CRISIS FAST-FORWARDS GREEN ENERGY 10 YEARS INTO THE FUTURE

Article | April 6, 2020

As businesses shut down and many work from home around the world, electricity demand has reduced in COVID-19 hotspots. This could have a knock-on effect for the renewable sector. China, where the outbreak first took hold, is the world’s biggest electricity consumer. Output from factories has been substantially diminished with many unable to return to their jobs in manufacturing. Due to the curtailing of industrial electricity use, cuts in energy consumption for 2020 could be equivalent to the power used by the whole of Chile, according to IHS Markit. In Europe, peak power consumption has also gone down. Italy, Spain, and the UK have all seen an average 10 per cent drop in energy usage with bars, restaurants, offices and factories, which remain closed as social distancing measures continue.

Read More

How Artificial Intelligence is changing the Energy Sector

Article | April 9, 2020

Artificial Intelligence, or AI, has gained relevance in many different fields of our life, using machine learning to analyse historical and new data in order to make predictions, improve control operation and perform tasks much faster than a human and with more efficiency. The energy sector is using AI to increase energy efficiency by reducing consumption, improving energy storage and grid stability, making predictions about energy consumption, to have more accuracy to find oil & gas and many other applications. When it comes to renewable sources, AI is improving the weather forecasts for the development of new plants and to make better planning of control & maintenance. Let’s take a look in some projects and how they are affecting the energy sector.

Read More

Spotlight

EPC Technologies Pty Ltd

EPC (Energy Performance & Control) Technologies was founded in 2016 to provide smarter clean energy solutions for Australian business. Even though the name is new, the founding team of EPC Technologies possess over 50 years of experience designing and delivering commercial and utility-scale energy solutions throughout Australia.

Events