Featured in The Quality Issue – 04-2019

Strategies vary, but the goal remains the same

It’s no secret that global energy demand continues to rise, with some estimating an increase of a third by 2040. Meanwhile, writes David Green, Research & Analysis Manager for Smart Utilities Infrastructure at IHS Markit, the energy industry is on the cusp of a 100 year change away from oil and coal hydrocarbons towards renewables and natural gas. Every stakeholder in the industry has a role to play in the energy transition, including within the industrial sector which accounts for 50% of global energy consumption.

By

pv magazine

02 Apr 2019

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Potential for energy efficiency savings. | Graph: IHS Markit/pv magazine/ Harald Schütt

In a new white paper, IHS Markit has shown how technology can help drive the energy efficiency measures needed to change consumer behavior. From smart metering, energy storage, switchgears, and motors, the potential exists for global savings of 14% in energy demand and for some consumers to reduce their energy cost by around 10%. If …

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