Recently I have been giving a series of keynotes to clients on the future of energy. I spoke to the Biomass Organization and recently the Gas Processing Association. The same trends seem to be relevant.
To understand the future of energy you have to understand demand drivers such as population, wealth, economics, demographics, mobility and health care. Why? Energy lies at the very heart of every society’s sustainability. Their commerce, security and well being are tied today and will be tied in the future to energy. Energy access determines the future sustainability, climate change, evolution and development of nations. You have access to energy, you grow and thrive. You don’t and well the absence of energy is critical to survival or demise.
The world will need over 45 terawatts of energy to be sustainable by 2040. There is not enough energy in the world to keep pace with global or national GDP. Not enough means an energy challenged future.
Without radical accelerated alternative energy sources such as nano-solar, extreme biomass, natural gas infrastructure and yes more petro sources, we will not be able to feed 9 billion by 2050.
We need a new Smart Grid that connects everything users and providers, petro to alternatives to energy harvesting chips to pollution management. This is the future if we start thinking holistically. Plug in to the future.
So the future is about radical innovations that may bring us fast and accessible new solutions. Big data, Cloud computing, biotech energy development, synthetic biology etc. Without that we are at risk. Prosperity and the future are linked. Without energy there is no prosperity. New radical innovations will transform the energy equation–more energy sooner coming and fast.