Energy Insights Predicts Climate Change Issues to Drive Increased Tech Investment in 2008

Energy Insights, Framingham, Mass., announced the release of its annual Worldwide Energy Industry 2008 Top 10 Predictions.

03/01/2008


Energy Insights, Framingham, Mass., announced the release of its annual Worldwide Energy Industry 2008 Top 10 Predictions. According to the study, climate-focused energy policies, consumer and business concern with climate change, and increasing attention by investors in sustainability will drive energy companies to increase their investments in a range of technologies including:

  • IT systems to measure and manage a company's carbon footprint

  • Software applications to enable participation in carbon trading markets

  • Renewable energy technologies, especially wind, but also central solar

“In an environment of increasing energy demand, rising and volatile energy prices, and policymaker concern over energy independence and security, we predict that energy companies will increase their technology investments to enable initiatives from smart metering and the intelligent grid to enhanced reservoir characterization and higher fidelity seismic imaging,” said Rick Nicholson, vice president of Research, Energy Insights.

Key predictions presented and analyzed in this study include:

  • Intelligent grid initiatives will leverage existing investments and target specific problem areas

  • Renewable energy will compete as a leading source of new electrical capacity in the U.S.

  • Carbon trading markets will begin to take off in North America, eventually surpassing Europe

  • High performance computing will be driven to technical limits by seismic processing demands.

Energy Insights annually identifies the top trends that will heavily influence the direction and magnitude of technology investment, management, and evaluation.





No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Combined heat and power; Assessing replacement of electrical systems; Energy codes and lighting; Salary Survey; Fan efficiency
Commissioning lighting control systems; 2016 Commissioning Giants; Design high-efficiency hot water systems for hospitals; Evaluating condensation and condensate
Solving HVAC challenges; Thermal comfort criteria; Liquid-immersion cooling; Specifying VRF systems; 2016 Product of the Year winners
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Designing generator systems; Using online commissioning tools; Selective coordination best practices
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me