Industry: Renewable power

Renewable electricity is becoming increasingly accessible for companies striving to meet their sustainability goals. They can either generate it themselves or procure it from third-party providers. There are seven options a chemical company can use to obtain renewable electricity, such as owned on-site generation, owned off-site generation, on-site Power Purchase Agreements (PPAs) / operating leases, […]

In the September 2024 edition of the ADI chemicals newsletter, we covered on how the chemical and energy sectors are increasingly focused on sustainability. This was evidenced by strategic acquisitions like LyondellBasell’s purchase of APK for advanced recycling and new plant launches dedicated to green hydrogen and waste-to-ethanol production. Major companies, including Nouryon and Evonik, […]

The chemical industry, a hard-to-abate sector, is a major source of greenhouse gas (GHG) emissions due to its high energy consumption. This significant energy use is largely driven by the extensive operation of furnaces and boilers, particularly in producing products such as ethylene. To address this, the industry faces considerable pressure to decarbonize and one […]

In a previous blog post, we discussed the difficulties of reducing greenhouse gas (GHG) emissions in the chemical industry. Similar challenges also exist in the oil and gas industry, particularly in the upstream sector, which is known for being one of the most difficult sectors to reduce GHG emissions. According to the International Energy Agency […]

On November 5th Americans will vote for their next president. This election can feel like déjà vu, as the two main candidates are the same as in 2020. According to current polls and reports, the race is expected to be tight. The first debate is scheduled for June 27th and might help inform voters – […]

AI is transforming electric utilities’ energy transition by optimizing grid management, renewable integration, asset maintenance, grid integrity, and smart building efficiency.

The clean energy revolution is upon us, and the U.S. grid is feeling the growing pains. A staggering 2,600 gigawatts (GW) of renewable energy projects, primarily solar and wind, are lined up waiting to connect to the grid . This clean energy tsunami is more than double the existing generating capacity in the U.S., signifying […]

I recently spoke at the Adhesive and Sealant Council’s 2024 Annual Convention and EXPO in Louisville, Kentucky, where much attention was placed on the value proposition of adhesives and sealants in the realm of energy transition. Discussions revolved around bio-based and low-carbon products, as well as the applications of adhesives and sealants in emerging sectors […]

Electricity demand is rapidly growing across the globe. We see that global investment in electric utilities is increasing with almost 7% annual growth to ~$1,500 billion in 2030. These investments in electricity sector worldwide, particularly the push for greener energy, stands out as a crucial driver behind the demand for smart grid infrastructure. Green power […]

Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]

At the 2024 ADI Forum, Uday Turaga, CEO, ADI Analytics, presented the energy transition outlook. Key topics included the persistent role of oil and gas, the impact of policies like the IRA on clean energy, and challenges in commercializing new technologies beyond just capital. Themes highlighted evolving energy economics, underestimation of risks by incumbents, and […]

At the 2024 ADI Forum, Brandon Schwertner, CEO, Priority Power, and Jane Zhang, Business Fellow, Breakthrough Energy, joined moderator Uday Turaga, CEO, ADI Analytics for the renewable power and energy storage panel. Key topics included energy demand moderation via efficiency gains, particularly in buildings, and a shift towards decarbonization and grid resiliency. The discussion also […]