Progressive Outlook on Energy Management
According to a 2015 report published by Deloitte Resources, business attitudes and behaviors regarding energy consumption and management are evolving more from a corporate image strategy than they are from a cost-reduction necessity. The annual report includes more than 600 large companies from all industry sectors, with 60% employing more than 1,000 people.
Of those surveyed, 55% generate a portion of their electricity supply onsite, which is up about 11 percentage points from the previous year, and expected to increase in 2016 as well. These sources of generation include wind and solar power, fuel cells, and combined heat & power (CHP) systems.
In addition, 93% have invested funds in energy management programs over the past three years, and more than half characterize their efforts as extremely successful. While these initiatives help to reduce energy costs, they more importantly improve efficiency and company culture. What actions are you taking to implement energy management standards into your corporate strategy, and what motivates you to make these changes?
An Increase in CNG Fueling Stations by 2025
Natural gas as an alternative transportation fuel is a classic example of the chicken and egg scenario. In order for the industry to truly take off, there needs to be an abundance of refueling stations that are conveniently placed for the consumer. However, to build up and invest in this infrastructure, the demand for natural gas vehicles (NGVs) also needs to rise steadily each year.
According to a recent report by Navigant Research, the refueling stations will continue to see substantial growth over the next ten years—from about 23,000 stations today, to an approximate 39,000 by the end of 2025. The majority of these additions will likely be fast-fill compressed natural gas (CNG) stations, suitable for light duty NGVs and on par with the speed of gasoline pumps.
The appeal of a domestic fuel that offers reduced emissions and operating costs is helping to drive this movement. Many high-mileage fleet operators have already made the switch to natural gas and are reaping the benefits. With increased funding and development of the CNG infrastructure, this could become more of a reality for all.
Read the full article at EnvironmentalLeader.com.
How the U.S. Generates Electricity
The landscape of electricity generation is shifting. With the introduction of the new Clean Power Plan seeking lower levels of carbon pollution from power plants and advocating for cleaner sources of energy, this trend may only accelerate.
Although coal remains the nation’s leading fuel at 34% of electricity generation this year, its predominance is on the decline. On the other hand, natural gas, a cleaner burning fossil fuel and a benefactor of procurement advancements, represents a growing share of electricity generation at 30%. Nuclear power sits at 20%, hydro at 7%, wind at 5%, and oil and utility-scale solar at 1% each. Not included in the solar estimate is residential rooftop generation, which is expected to experience exponential growth in the coming years.
The capacity and type of power source chosen for each plant are largely predetermined by the resources available and the weather patterns present within a particular region. For example, hydro leads the northwestern states in energy production, while wind power is much more prevalent in the Great Plains.
Dive deeper into the trends at WashingtonPost.com.
Keep a pulse on what’s happening in the energy industry. Learn more in this week’s Market Commentary.
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- CNG vehicles generate approximately 30% less carbon emissions than vehicles fueled by gasoline
- Three quarters of the world’s energy is generated by burning fossil fuels
- A hurricane releases as much energy as a 10-megaton nuclear bomb exploding every 20 minutes
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