Despite decades of effort to prevent it, energy transition is a fact in the pandemic world. The Energy Industries saw huge decreases in consumption through the calendar year 2020 as people stayed home in quarantine conditions. But, the assumption that consumption would return to pre-pandemic levels once the world opened up proved to be false. The conversion of public sentiment to renewable energy sources intensified, and energy companies struggled to determine how they would compete in such a world.
Reducing carbon emissions received a brighter focus. Being able to promote a cleaner, less harmful product became the key topic of conversation between the production, management, and marketing departments of oil and gas companies. Saying that your company is making an effort to reduce its carbon output to engage the new consumer sentiment is one thing. Being able to measure that output in order to make true claims of your energy transition is yet another.
Hint, a technology-independent consulting and software systems integration company which works with technicians, engineers, operators, and managers in the energy industry to provide data systems which provide precise measurements regarding a company’s energy usage. Any struggles your company is having in determining a profitable way to complete an energy transition in this time of major commercial upheaval can be reduced in consultation with Hint in order to address the current climate for energy transition, we encourage companies to have two distinct operating committees within their organizational structure to stay abreast of the two key conditions of energy transition: the most agile approach to solutions for today and a concentration on innovations most likely to be successful for tomorrow.
As the word suggests, the current state of the energy transition is in “transition”. Not a day goes by without a new notification regarding changes in energy capture or transmission. The fluidity of the current atmosphere regarding energy use, distribution, and conservation can make heads spin.
That is why it is imperative that you only ask one employee or a committee of employees to focus on the changes that are occurring today in the world of energy transition. You have an operating staff that must perform its duties on a daily basis without concern over current events or new findings. Otherwise, those employees and your production would grind to a halt. In a world that changes daily, It is impossible for your company or organization to function if everyone is worried about every breaking news item related to energy use, distribution or conservation.
This committee will be in a position to make recommendations regarding current energy use. Their recommendations should be heeded in order to reduce operational costs and remain competitive in the market. The AML Information Management toolbox we offer can be configured to respond to any changes in available resources or service demand.
In response to calls for climate change activism among government regulations, the cost of CO2 emissions is going to increase, at least in the European Union, which is decreasing the number of free allowances and increasing the tax on CO2 emissions. The EU is charged with reducing emissions by 55% by 2030.
Therefore, in the midst of all of your concern over transitioning your energy output, it is necessary to increase the frequency and improve the accuracy of your measurements of CO2 emissions to prevent a higher energy tax bill today and going forward. And that precaution goes beyond monetary cost factors. The European public is very aware of companies which test or violate EU emission requirements and will judge those companies accordingly.
Predict the future
The future of energy transition is a topic to which the entire world is reacting. Today, the nation of India is trying to convert its economic dependence from coal to other sources, Australia has engineered a new and expansive rollout for electric car use. The infrastructure bill which is taking up so much time in the U.S. Congress today includes huge funding for the development of a national electric car charging system on the nation’s interstate highway system. Just as we suggest you have a committee aimed to understand the current state of energy production and changes which are occurring today, we suggest you have someone concentrating on changes that may occur in the future, whether that future is next year or 10 years from now.
It is possible to put your company or organization in a position to respond to changes in energy production and conservation without harming your current operating systems. We encourage the companies we consult with to be predictive. Making changes to equipment, hardware, or software can be done to handle current conditions of usage and be viable for future demands and needs, but only if future conditions are considered in responding to current operating procedures. Our software development and data management systems provide easily monitored results which allow users to make knowledgeable predictions based on trends which our data offers.
The fluid nature of energy transition makes it difficult for companies to be responsive to both current and future demands, which is why it is cost-effective to work with Hint to devise a software system that can function in both environments. Implementing a system for today’s needs without consideration of tomorrow’s updates could cost you time and money to make alterations, and the current state of the energy production industry is such that alterations can be required immediately and often.