Innovations in Energy Tech Critical to Power the Future

Energy innovations play a crucial role in shaping the future of energy systems and addressing some of the most pressing challenges of our time, including mitigating the impacts of climate change, enhancing energy security and driving economic growth amidst challenges that dampen economic activity. In the pursuit of global decarbonisation, the call to enhance equity in energy sources and the capacity to fulfill development needs has resonated in the developing world.

As we strive to transition from fossil fuel to clean energy sources, concerns about the capacity of green energy to supply global needs have not abated. Here, innovations in energy technology are critical to enable cleaner and more efficient use of fossil fuel as a stopgap measure, even as clean energy industry stakeholders continue to propel the transition.?

At Gentari, new innovations that can elevate the implementation of clean energy solutions are of key interest to us. Through knowledge sharing, licensing and technology transfers, the global stage has much to offer, as public and private entities work together to reach the common goal of the Paris Agreement.

Through innovations in energy technology, we can progress in many critical areas, including:

• Climate change mitigation, where energy innovations help to reduce greenhouse gas emissions by efficiently deploying clean energy, improving energy efficiency and reducing wastage.
• Energy security, where innovations support the diversification of the energy mix and lower dependence on a single energy source, to improve energy security and reduce vulnerability to supply disruptions. We have seen how extreme weather incidents such as droughts and flooding can disrupt green energy production by limiting hydroelectric capacity or inundating solar energy infrastructure in lower lying areas.
• Economic growth, where innovations in energy can spur the economy by creating new industries and jobs, reducing the cost of energy and increasing energy access in developing countries.
• Improved energy access, where innovations can more efficiently bring electricity to millions of people who currently lack access and in turn, improving health, education and living standards. In remote villages unconnected to the wider electricity grid, off-grid solar energy infrastructure and battery storage systems (BESS) have been successful in bringing electricity-dependent technology including satellite internet, to uplift residents.
• Increased energy efficiency, where innovations in energy efficiency can reduce energy consumption and lower costs, thus improving business competitiveness through lower energy overheads. In some locations, rooftop solar on commercial and industrial properties can be an independent energy source or a source of supplementary income.

Clean and efficient energy solutions are also way more important than what it is. As the United Nations (UN) accurately pointed out, energy is crucial when it comes to disease prevention efforts as well as to battle pandemics, from powering healthcare facilities, supplying clean water for essential hygiene, to enabling communications and IT services that connect the world.

While the worst may be over, we are still navigating through a post-pandemic world, making the need for new energy innovations more important than ever.

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