May 25, 2021
Shaping the Future of Energy
This is a guest blog post from KORE Power, a Level 1 sponsor for #ESACon21. Connect with KORE at #ESACon21 in Phoenix, AZ, December 1-3.
Our industry is seeing massive pushes to expand renewables and enable grid stability. With the recent events in Texas and the natural disasters we endure across the U.S., it’s unsurprising that a clean energy revolution is advancing with such velocity.
To reach net-zero emissions by 2050, we need to all play our part. We are all connected, and all have an integral role in changing the current climate trajectory.
Recently, we’ve seen the federal government promoting clean energy and infrastructure buildouts. What is new this time around is that the government is putting the actual backing behind these promotions, from high dollar investments to challenging international players to get back into clean energy to advocating for 105 companies to sign onto Amazon’s climate pledge and the Race to Zero. As more companies, cities, regions, and investors establish net-zero emission goals, they reinforce their commitments to sustainability while taking control of climate change.
In recent years, we have seen remarkable movements made for clean energy policy. Our current Administration and recent appointments to key roles within our government are vital indicators of the tone towards the policies we expect to see. Kelly Speakes-Backman’s appointment to the Department of Energy signaled our industry’s potential with our current Administration. As many have read, President Biden released his Fact Sheet that addressed how the Administration will secure America’s Critical Supply Chain. A portion of this specifically called out the need to secure control over large capacity batteries to reduce risks with our supply chains. The Administration is furthering this by advocating the importance of domestic manufacturing to boost jobs, security, and critical infrastructure buildouts. We will continue to see further clean energy adoption as cell technology advancements are made. Technology breakthroughs will reduce costs, improve cell life, provide longer durations, and significantly elevate buy-in from other industries, leading to mass-implementation of clean storage technologies.
The U.S. energy storage market is rapidly expanding, crossing the $1 billion annual threshold in 2020. While 2020 was a record-breaking year, 2021 reveals to be another astronomical year with energy storage propelling into hybrid solutions and charging infrastructure. The transition to clean energy is inevitable, and we have a unique opportunity to shape the world around us.
To invoke actual change, we need to ensure that the policies implemented on all levels are working to create a fundamental transformation. We will need to continue to hold our leaders and ourselves accountable and remember that our goal is to guarantee our new energy infrastructure works for everyone globally. We all have an integral role to play as we push towards the clean energy future.