The Global New Energy Landscape

These Three Forces Are Shaping The Future Of Global Energy

John McKenna, June 24, 2019 (Forbes)

"The world is moving toward an era of vastly improved energy choices…[This new era is] characterized by renewables such as wind power, digital technologies like artificial intelligence (AI) and, in particular, the expansion of liquefied natural gas (LNG) around the world…By liquefying its vast shale gas reserves, the United States has become a net exporter of LNG and could become a net energy exporter overall as soon as 2020…[The shift to natural gas and renewables is partly driven by concerns about climate change and the energy industry’s carbon emissions…But it is also driven by price…Low electricity prices are even attracting oil-rich nations like Saudi Arabia to invest in renewables…

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…[O]ffshore wind is] spreading from Europe to countries including the U.S., Taiwan, Vietnam and Japan…[O]ffshore wind is able to offer a scale no other renewables projects can match, with projects reaching into the gigawatts…Winds at sea are also a far more reliable and constant source of power when compared with other renewables…As technology has developed [to deliver 10 MW turbines], costs have come down…Generating more energy per turbine improves project economics…[The changes being wrought by new digital technologies and autonomous intelligence are being used] to improve the operation and maintenance of [all types of energy] facilities…” click here for more

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