Utilities Tech Outlook Weekly Brief
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The energy sector continuously witnesses brilliant energy solutions that hold the potential to expand and attract more investment in the near future.
FREMONT, CA: The energy sector is on track to undertake transformative journeys in the years ahead. There are several exciting prospects that are considered by energy companies. With patterns of consumption evolving and support for non-carbon energy sources growing, energy providers are looking to shift with the help of technological interventions. Considerable advances have been made in renewable energy production, grid infrastructure, and battery technology. Developments are poised to continue as breakthrough innovations add value to the facilities for generating energy. One can expect fossil-fuel to lose market relevance in the process and fall behind in the competition.
There are many advances in technology that signal the emergence of a new era in the energy sector. Energy technology companies are developing solutions that can alter fundamental aspects of energy generation and distribution. A recent article published by GTM has made mention of emerging technologies, such as marine solar and green hydrogen. Marine solar involves offshore PV projects, where the photovoltaic panels float on the water surface. Reducing the use of large areas of land for solar farms has been conceptualized. The insistence on renewable and stable sources of energy has also led to developments in hydrogen as a fuel. Green hydrogen can get as popular as fossil fuels.
Systems are now emerging, which can empower traditional grids to support renewable energies. These systems allow the legacy infrastructure to embrace capabilities that enable renewable energy to be included. Transmission cables were also revolutionary. For energy facilities developing, cable becoming more versatile and promoting high voltages in a range of environments is important. Therefore, developments come to the energy sector's rescue as it navigates through several transformations.
The energy sector will be able to adopt these as emerging technologies become commercially feasible. Energy companies will be able to transform this process into futuristic installations.
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