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By Ron Pernick, Clean Edge Sara Mehle, Nasdaq
Corporate, Investor, and Government Net-Zero and Clean-Energy Initiatives are Driving a New Era in the Energy Transition
The energy transition represents a massive shift in how we produce power, moving from fossil fuels to sources that produce little or no carbon. A range of products and services are enabling this transition, including:
- Renewable Energy: Energy sources including solar, wind, geothermal, and hydroelectric power
- Energy Storage & Conversion: Offerings such as advanced lithium-ion batteries, solid-state batteries, pumped hydro and other long-duration storage solutions, inverters, and fuel cells
- Smart Grid & Grid Infrastructure: Products and services that enable a resilient modern grid, such as transmission and distribution systems, smart devices and meters, and enabling software
- Energy Intelligence: Products including smart meters, energy management systems, power controls, and light-emitting diodes (LEDs)
- Enabling Materials: Mined, manufactured, and recycled materials such as lithium, silicon carbide, gallium nitride, copper, nickel, rare earths, and waste-derived fuels
The Five Major Drivers of Clean Tech
We are about halfway through the global energy transition, as businesses, utilities, consumers, and other stakeholders embrace the benefits of clean energy. The current transition period began around the turn of the 21st century and is expected to take about 50 years. At the forefront of this dramatic shift has been the rapid growth of renewable energy (primarily solar and wind), the recent rise of energy storage and electric vehicles (EVs), and the advent of smart and connected electric grids.
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Image and article originally from www.nasdaq.com. Read the original article here.