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The energy industry is undergoing a crucial transition. Power demand continues to increase
even as there are apparent economic and environmental risks. How will we meet the demands of the
next fifty years? Energy leaders know that it is during a time
of transition that new opportunities arise that can help put us in the right direction.
Here are some of the most exciting new ideas for the industry.
At ENBALA Power Networks, we're working with town water resources to increase and decrease
the water pressure within their system. By doing so we're actually increasing or decreasing
the pumping capabilities. This is providing regulation. The end result of this is a smarter
smart grid. New technologies around energy storage and dispatch also offer opportunities
to use natural resources more effectively. Renewable energy is great except for the fact
that it's very intermittent. Solar and wind energy comes and goes as it pleases, particularly
wind. Wind is busier at night and out of phase with the electrical demand. If you can store
wind energy at night and use it later in the day all sorts of environmental and economic
benefits can be realized. Exploration and discovery are the cornerstone of an evolving
industry. The shell revolution is really transformational for our country. With the advent of technology
improvements, fracture stimulation in particular, we've discovered a vast supply of natural
gas, over a hundred years' worth. In essence, we've been a victim of our own success with
an abundant supply; it's clean but natural gas prices have softened. Energy companies
can't solve this alone. Industry and governments must come together and find areas of common
ground. Long-term U.S. and global economic growth depends upon a supply of energy that
is diversified, accessible, reliable and affordable. There's never been a more exciting time
for our energy clients. The markets and public and private decision makers will amply reward
innovation. The challenge is who will figure out how to efficiently deliver that energy
on a sustainable basis.