The global energy industry remains a truly titanic marketplace and one that has enjoyed significant growth in recent times. Supported by high oil prices and rising global demand, the deleveraged energy industry will continue to rebound in the near-term following a marginal decline in 2016.
This market is also evolving in line with technological advancement, with new products being developed to improve efficiency across every segment of the energy industry. The emergence of clean energy solutions is also playing a key role in this evolution, with a focus on minimising the impact of waste and lowering carbon emissions.
But what exactly are the benefits of new energy technologies? We’ll consider some of the most important examples below.
1. Improving Operational Efficiency
When appraising new energy technology and solutions, it’s clear that several have been designed with operational efficiency in mind. The benefits of this are obvious, as improved efficiency lends itself to higher levels of production and the minimisation of waste.
This has particularly relevant to operational oil sites, where an increasingly diverse range of product offerings can boost output and provide optimal flow control.
This translates directly into a more efficient and productive site, and one that is able to minimise its waste and emissions incrementally over time.
Such solutions may also help to reduce the cost of oil drilling, as processes are streamlined and the long-term safety of employees is improved.
2. Transforming Waste into Energy
The issue of waste is an important one in the worlds of commerce and industry, as this contributes heavily to the world’s cumulative carbon footprint.
To understand this further, we must consider that UK firms alone generated a staggering 41.9 million tonnes of commercial and industrial (C&I) waste in 2014. Although this figure has since declined considerably as firms have bought into more sustainable processes, it remains a huge concern for environmentalists nationwide.
Several new technologies have been developed to address this issue, while also underpinning the increasingly popular waste-to-energy process. This is based on the notion of transforming waste products into viable fuel sources, namely electricity or heat.
This is a highly evolved form of energy recovery and one that minimises the volume of waste sent to landfills on an annual basis.
It also enables businesses to reduce their long-term costs while simultaneously boosting their green credentials, and is currently used by brands across a wide array of industries.
3. Making Conventional Power Cleaner and More Efficient
While clean and renewable energy sources are growing at an exponential rate, fossil fuels remain the dominant source of power in today’s world.
So while a number of new technologies are aimed at creating new and renewable energy sources, there are others that have been designed to make conventional power cleaner and more efficient.
At the heart of this is the supply of advanced flow control solutions to plants and power stations, through which highly engineered valves and pumps are used to maximise output and minimise wastage.
This way, the supply of energy is streamlined at source, boosting efficiency on a wider scale and in a way that impacts positively on the natural environment.
These products are also durable and designed to cope with the inflated pressure and temperature demands in industrial settings, so they’re capable of delivering value over a sustained period of time.