We depend on energy for virtually every aspect of our daily lives and for the functioning of our modern society. Energy is used for heating, cooling, transportation, lighting, industrial processes, communication, and much more.
The world of energy has dramatically changed, with technology and innovation now carving out new opportunities which will transform how we approach and integrate more sustainable solutions. The way in which we used to consume energy both domestically and industrially must evolve if we are to become smarter with efficiency, technology, digitalisation and harnessing the gargantuan possibilities that data and AI can now offer.
Here at Gemserv, and across the Talan network our experts across key areas such as low carbon, data protection, cyber security, energy and hydrogen are looking at not only how the future of energy will transform business, but also how it can make businesses more efficient, profitable and future ready.
So the race is on. Let’s take a look at what tomorrow’s energy economy might look like.
Tomorrow’s energy economy as we see it
Reduced demand
Reducing energy demand not only helps lower greenhouse gas emissions and combat climate change but also saves money, improves energy security, and reduces the strain on energy infrastructure. It is a crucial part of the transition to a more sustainable and environmentally responsible energy future. This will be made possible with:
- Better buildings
- Efficient industrial processes
- Reducing waste
Scale for green technology
Low carbon technologies can replace fossil fuels as the engines of our economy, enabling movement, production, work and play in a way that no longer leads to harmful climate change. Rapid and effective scaling of new solutions is one of the challenges of our generation and we are proud to be playing our part, most notably through:
- Hydrogen and low carbon fuels
- City-level technologies such as district heating and EV charging
- Building-level technologies including Heat Pumps, solar and storage.
Digitally transformed
Management of data and the growing applications for AI will revolutionise the energy sector in a multitude of ways. For example intelligent energy supply systems can be built on the basis of significantly improved predictions for energy demand, renewable supply and weather patterns. We are working to:
- Unleash the potential of data for increased energy security
- Deploy AI to reduce costs and speed up change in the energy system
- Re-imagine processes to deliver lower climate impact.
People and planet centric
An energy future that balances the needs of climate and energy security with those of people and the wider environment is the only sustainable future. Rapid strides are needed to improve governance and sustainable reporting for private and public sector organisations. Consumers can also play their own part in the transition, for example by increased recycling or by playing a role in the smart energy system. We are working to turn this future into a reality by:
- Enabling consumers to access smart energy market
- Projects which drive shared responsibility between organisations and people
- Directing support for those in most affected by the high cost of energy.
BNP Paribas | Biomass Strategy | European circular economy strategy
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