Cleaner energy, cleaner environment
Decades of investment into renewable energy has greatly increased the speed at which the energy sector is decarbonising and heading towards a zero-carbon future, but while the investment has been gradually increasing from Governments, the true measure for success will be how effectively these changes are embraced and encouraged at the population level, and how companies adapt to their changing attitudes and behaviour.
Where energy security is still uncertain (as outlined in this report by Imperial’s Energy Futures Lab) and where fossil fuels still play a significant role in the majority of transport, infrastructure and manufacturing processes, grid-based electricity production has embraced plug-ins from renewable sources and in many European countries, especially during the summer, renewable energy is becoming a reliable source of electricity.
The findings from the Centre for Environmental Policy even shows that negative subsidies – energy companies repaying their overpayment on a bid for energy production by reducing cost of customers’ bills, via Government deductions – are on the horizon in the UK.
The next challenge will be working with consumers to sustain the investment, in order to reduce the amounts of subsidies that Governments and authorities pay to energy suppliers. While this has a positive impact on the environment, with more people using renewable electricity, it also rebalances energy market competition, which in turn encourages more innovation and new approaches to addressing the issues.
Could gas be an interim solution to the energy supply problem?
Off-grid energy consumption, such as transportation, will be the next significant challenge that energy suppliers face. While electric vehicles sales are growing exponentially, battery technology remains very heavy and still has relatively limited distances between charging; and charging points are still fairly slow sporadically-spaced.
A report carried out by the Sustainable Gas Institute at Imperial explores the flexibility of gas as an energy source, both for power production and power storage. This is especially important for the transition period in the run-up to the end of petrol and diesel car sales in many countries by the end of 2040, and so could provide valuable potential for the next 20 years while battery technology and wireless charging are developed, improved, made more efficient and embraced across populations.
Bulb Energy research
Experts from our Centre for Environmental Policy worked with Bulb Energy, the UK’s fastest-growing energy supplier, to enhance their customers’ carbon footprint tracker, which will reduce the amount of energy their customers use, as well as enabling investment in carbon offsetting projects around the world.
Specialists in energy consultancy
Galvanic Energy, a consultancy operation led by our experienced innovators and academics at the College, provides specialist expertise on a range of aspects of the energy sector, in particular about emerging trends and how to capitalise on renewable and sustainable energy management.
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