Energy

Developments in the energy sector are regular news features for their positive and negative impacts on the economy and the environment, as well as the effects on politics and society. Bold Business selected energy as a domain due to the enormous changes facing the industry as traditional sources of power such as oil and gas make way for renewable sources such as wind and solar. The impact on society from oil, gas and coal, which are limited in supply, are having serious effects on the environment and health, which drives the need for the development of alternative and sustainable energy.

The energy sector is still rooted in the use of traditional sources such as oil and gas, which still dominate the industry and are likely to do so for many years if not decades. However, continuous development in renewable energy technology is gradually taking bolder steps into the commercial world. Innovations in solar rooftops for residences, adoption from organizations to sustain their businesses using renewable energy, government funding and incentives, and increasing momentum from customers seeking eco-friendly technology, are pushing the energy sector into a new direction.

How is the energy industry impacting society?

The use of traditional energy sources in industries and for private use is so entrenched that it would realistically take decades to change. Energy organizations are witnessing trends in the industry and increasing market demands for alternatives, and are beginning to invest more into renewable energy technology to complement traditional sources. Numerous new enterprises focusing solely on renewable energy have also gained in popularity to cater for market demand. The energy sector has an opportunity to take bolder steps to lead the way in this sector by more investment, and research and development to become global pioneers in renewable as well as traditional means of producing power.

Elon Musk Builds a Really Big Battery

A picture of Elon Musk as a superhero atop a really big battery on Australia.

Tesla is going to make the world’s biggest lithium-ion battery and install it in South Australia. This bold development came about serendipitously via an exchange of Tweets between Tesla CEO Elon Musk, and Mike Cannon-Brookes, the Australian co-CEO of Atlassian. South Australia has been experiencing problems with their power grid ever since a power outage took down the grid for the whole state. In a Tweet, Tesla said that it ...

Read More »

Energy Breakthrough 2017: Artificial Leaves

Green Leaf with glowing sun behind.

After years of research and testing, scientists successfully created an artificial leaf. This bold innovation won’t be used for indoor landscapes though; it’s meant to harness energy from the sun and may soon become a viable source of clean fuel. Photosynthesis, the process used by plants to convert sunlight into chemical energy and ultimately food, happens primarily in the plant’s leaves. Only green leaves are capable of completing this process, ...

Read More »

Clean Energy Tech: Only 3 Meet IEA Targets

Tree, blue sky, and solar panels represent clean energy

The International Energy Agency (IEA) reports that only three clean energy technologies are on track to meeting the 2oC by 2025 target. The IEA was founded in 1974 in the midst of the Middle East War. The original purpose was to establish cooperation among OECD member nations to develop energy security and energy-related policies beneficial to the member countries.  Since the agency’s inception, the mission has evolved to focus on ...

Read More »

France’s Total S.A. Bets on Green Energy

hands holding a green world.

France’s Total S.A., the world’s 4th ranked multinational oil and gas company, envisions a green energy future where electricity is king and crude oil is but a distant memory. For over a century, oil companies have operated under the same business model—oil is pumped from the ground, refined, and sold on the open commodities market. By taking possession of all links in the supply chain, Total is boldly pursuing a ...

Read More »

Green Energy From China: Solar Lakes

Plane flying over solar panels in China

China’s presence in the green economy is seen as two-faced. For one, it remains one of the most polluted places on earth and is two-thirds dependent on traditional coal mining – a dirty and damaging source of energy. On the other, China projects an image of being a technologically advanced and forward thinking nation keen on leading the green energy race when it comes to producing solar energy. China’s leadership ...

Read More »

Underwater Kite Creates Energy from Tides

Wave with the sun coming up.

Researchers have been searching for the holy grail of untapped renewable energy resources. Deep Green, an underwater kite that generates electricity from tidal currents, is creating a name for itself in terms of technological advancements. A world-leading marine energy developer called Minesto, created the revolutionary bold idea of Deep Green. Minesto is a driving force in the nascent global industry of tidal energy. The company operates in Wales, Northern Ireland, ...

Read More »

Oil From Algae, The Newest Renewable Energy Source

photograph of an algae bloom on the ocean

Algae may be the bold answer to our energy woes. Researchers are using algae to grow oil. Recent breakthroughs have allowed them to double the oil content of algae. If the research continues to progress, we may in time be able to grow oil in algae! ExxonMobil and Synthetic Genomics Incorporated modified an algae strain to increase the natural production of oil within the algae. The modification allows for widespread ...

Read More »

CO2 Splitter, May Unlock New Fuel Source

Carbon dioxide is considered a major reason for global warming. The element jeopardizes people’s health, threatens national security, and endangers basic human needs. Yet, it also holds great promise as a fuel of the future. National Geographic has mentioned that carbon dioxide is considered to be a pollutant when expelled from vehicles and power plants. However, researchers are working on using carbon dioxide to fuel vehicles and power plants. The ...

Read More »

Technology and Energy Free Markets Killed OPEC

Free markets transform US energy industry

US domestic oil production has just hit a record 1.3 million barrels of crude per day, sending US oil into all parts of the globe amid reports of daily production cuts by Russia and the Organization of the Petroleum Exporting Countries (OPEC). This bold development is just the beginning. Experts say the bell has tolled on the cartel’s monopoly over the oil market as a direct result of advancements in ...

Read More »

Trump Rolls Back Sustainability Regulations

Challenges of sustainability

In what many consider a time of political uncertainty, many proponents of sustainable development are asking if sustainability is sustainable under the Trump administration. But many opponents are taking the opportunity to state that sustainability itself is unstable as a concept, and pushing for the removal of environmental rules and regulations. Unsustainable Sustainability Since assuming office January 20, 2017, the Trump Administration has lost no time in corralling the Environmental Protection Agency ...

Read More »