Clean Energy Event Highlights How Emerging Technologies Can Facilitate the Energy Transition
A recent renewable energy event highlighted the role emerging technologies can play in the global transition to renewables. Hosted by The Pew Charitable Trusts and Canary Media, the Climate Night Live: Visions From the ‘Clean Energy Future’ event was held during Climate Week NYC in New York.
One of the takeaways of the event was that green energy industries like wind and solar energy, as well as battery storage and electric cars, had already created hundreds of thousands of new job opportunities for Americans despite still being in their infancy. However, there is still quite a long way to go and multitudes of major challenges to overcome before the green transition is complete.
Emerging technologies can help accelerate the transition to renewables, the event stressed. Many government officials, clean energy experts, advocates, media representatives, and philanthropists were present at the event as Pew revealed a novel initiative for scaling distributed energy resources (DERs) as a key step to the United States achieving its green energy goals.
Distributed energy resources include microgrids, energy storage systems, and solar panels. Microgrids are groups of electricity resources that can run separately from the wider power grid and can provide energy for critical services during outages. Cumulatively deployed, DERs could potentially transform America’s transition to renewables.
Neil Chatterjee, the former Federal Energy Regulatory Commission Chairman, noted while deploying just a single distributed energy resource wouldn’t have any impact on your ability to compete, leveraging technological innovations would allow them to harness thousands of DERs and generate enough capacity to compete with power plants.
According to former Secretary of State John Kerry, now is the time to act. Speaking to a crowd of over 100 people at the event, Kerry said deciding to transition to clean energy would create a significant number of new job opportunities and serve as an even more potent economic opportunity than the industrial revolution.
The Department of Energy’s Loan Program Office head Jigar Shah noted that utilities would have no choice but to modernize as demand for energy surges. Modernization would be critical to lowering energy prices as utilities are still using old and inefficient tools that cause energy costs to rise year by year, Shah said.
With developed nations attracting most renewable energy investment, emerging nations are at risk of being left behind as green energy infrastructure typically requires significant initial investments. As such, other speakers said industry, utilities, and government had to ensure that the transition to clean, affordable green energy was fair and equitable.
With the right policies in place, industry actors like First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) can tweak their growth plans in order to ensure that the energy transition isn’t hamstrung by a shortage of the needed green energy minerals. Shortages trigger price hikes, and that would disadvantage less developed communities during the transition.
NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
A recent renewable energy event highlighted the role emerging technologies can play in the global transition to renewables. Hosted by The Pew Charitable Trusts and Canary Media, the Climate Night Live: Visions From the ‘Clean Energy Future’ event was held during Climate Week NYC in New York.
One of the takeaways of the event was that green energy industries like wind and solar energy, as well as battery storage and electric cars, had already created hundreds of thousands of new job opportunities for Americans despite still being in their infancy. However, there is still quite a long way to go and multitudes of major challenges to overcome before the green transition is complete.
Emerging technologies can help accelerate the transition to renewables, the event stressed. Many government officials, clean energy experts, advocates, media representatives, and philanthropists were present at the event as Pew revealed a novel initiative for scaling distributed energy resources (DERs) as a key step to the United States achieving its green energy goals.
Distributed energy resources include microgrids, energy storage systems, and solar panels. Microgrids are groups of electricity resources that can run separately from the wider power grid and can provide energy for critical services during outages. Cumulatively deployed, DERs could potentially transform America’s transition to renewables.
Neil Chatterjee, the former Federal Energy Regulatory Commission Chairman, noted while deploying just a single distributed energy resource wouldn’t have any impact on your ability to compete, leveraging technological innovations would allow them to harness thousands of DERs and generate enough capacity to compete with power plants.
According to former Secretary of State John Kerry, now is the time to act. Speaking to a crowd of over 100 people at the event, Kerry said deciding to transition to clean energy would create a significant number of new job opportunities and serve as an even more potent economic opportunity than the industrial revolution.
The Department of Energy’s Loan Program Office head Jigar Shah noted that utilities would have no choice but to modernize as demand for energy surges. Modernization would be critical to lowering energy prices as utilities are still using old and inefficient tools that cause energy costs to rise year by year, Shah said.
With developed nations attracting most renewable energy investment, emerging nations are at risk of being left behind as green energy infrastructure typically requires significant initial investments. As such, other speakers said industry, utilities, and government had to ensure that the transition to clean, affordable green energy was fair and equitable.
With the right policies in place, industry actors like First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) can tweak their growth plans in order to ensure that the energy transition isn’t hamstrung by a shortage of the needed green energy minerals. Shortages trigger price hikes, and that would disadvantage less developed communities during the transition.
NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
