Digitalization in the energy sector is shifting towards services for distributed renewables and the connected home and away from technologies for fossil fuel operation and maintenance today as per new research released by Bloomberg New Energy Finance. The market for digitalization is set to grow to $64bn by 2025.
As technology advances, new innovations are being used to help the human race move, connect, heal, learn, build and grow. How will these new technologies reshape our understanding the world we live in? The possibilities are infinite.
Floating liquefied natural gas (FLNG) projects, after years of planning and development, are finally starting to come online and demonstrate the potential for FLNG technology to further global gas trade. LNG liquefaction was named the second most critical infrastructure investment for growth in the natural gas market, according to survey results from the 2017 Strategic Directions: Natural Gas Industry Report, and floating solutions provide a more flexible solution to adding much needed capacity to boost market growth.
As much as recent natural gas industry dynamics are influenced by price, the reality is that the global market always is truly driven by supply and demand. Where gas reserves reside, where energy demand is needed, and how supply is being transported all tell a more holistic story of the market’s dynamics. The current disparity in supply and demand is giving natural gas buyers the upper hand in negotiating contracts and is affecting how organizations throughout the value chain are planning for the future.
This week on the news, I saw Congress grill social media executives. I heard about the spread of fake news and the negative things that social media has wrought. There was lots of focus on young people and how they use these forums – I even heard one report when an expert being interviewed mentioned that he was an undergraduate.
I won’t disagree that there are negatives about social media, but I do want to point out a different perspective that comes from my work.
My industry and the population we serve are often considered out of the loop on technology. But, the truth is social media has become a huge benefit in the lives of many people old enough to be that undergraduate’s grandparents.
Today, we take for granted how easy and seamless it has become to conduct business with one another and trade online. We order food on a mobile app from almost any restaurant and it arrives at our door within an hour; we get in a stranger’s car for a ride across town; we spend our family vacations in some other stranger’s home. It’s all so normal now -- no big deal. But in 1995, when Mark Fraser of Salt Spring Island, Canada, sent $14.83 to a person he’d never met (Pierre) —never even spoken with —to buy a laser pointer he saw on a website, it was a remarkable act and started an even more remarkable movement.
As the first volunteer for Refuge Coffee in Clarkston, Georgia – an area that hosts the most diverse square mile in the country and is home to over 60 native-spoken languages – Karen Guess brings together people from all walks of life over the universal language of coffee and tea. She moved to the area at the same time as Refuge Coffee founder Kitti Murray, who had a dream of creating just such a communal place.
A start-up company may be well on its way to even more success after winning $75,000 in the FedEx Junior Business Challenge. Five student teams around the country competed against each other to see who had the best original business idea.
National Grid, a leader in developing innovative energy solutions to meet customer and community needs, will install a 48 megawatt-hour battery energy storage system, or BESS, on the island of Nantucket, 30 miles off the Massachusetts coast, to help address some unique energy challenges.
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