Market Moves: Energy - Dec 16th, 2023
 
 
A new report shows the word may be falling behind on some of its climate and energy goals.
Market Moves: Energy | View online
 
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December 16, 2023
From the Editor

Hello and welcome back to Market Moves Energy, the Endeavor Business Media newsletter keeping you up to date on the sector. Top story this month: energy storage is becoming a key part of the race to decarbonization, but why? The answer is more far reaching than you may expect.

Speaking of keys, cybersecurity may be one in the energy transition as executives increasingly consider it crucial to the future of the industry. We’re also delving into the struggle utility companies face in heat pump adoption, as well as a milestone flight for hybrid air travel. 

If you’ve been enjoying this newsletter, try out the other Market Moves centered on electric vehicles, manufacturing, strategy, infrastructure, and cybersecurity right here.

– Jennifer Ramsay

During this so-called "Era of Battery Dominance" energy storage has emerged as a particularly attractive solution due to its balance of capacity, efficiency, and cost-effectiveness.
From EnergyTech
https://img.energytech.com/files/base/ebm/energytech/image/2023/12/65775c9af48a2c001ec3f61a-doe_2.png?auto=format%2Ccompress&w=320
In 2023, global energy intensity only improved by 1.3%, well below the 4% goal, but other gains were made as well.
From Smart Industry
https://img.smartindustry.com/files/base/ebm/smartindustry/image/2023/11/655ba3de5cd9d8001e1ca8c5-dreamstime_m_207715082.png?auto=format%2Ccompress&w=320
Another benefit of digital transformation technologies is their ability—especially remote sensors—to identify inefficiencies, bottlenecks, and areas for improvement, minimizing energy consumption and maximizing efficiency and carbon capture rates.
From Microgrid Knowledge
https://img.microgridknowledge.com/files/base/ebm/microgridknowledge/image/2023/11/655660142002ee001e864e31-se_vietnam_stock_photos.png?auto=format%2Ccompress&w=320
Some of the fruits of decarbonization are not as evident in the near term as they will be years down the road, Schneider Electric's Rohan Kelkar points out, but CFOs and sustainability managers need to focus on calculating the cost-benefit ratio right now.
From T&D World
https://img.tdworld.com/files/base/ebm/tdworld/image/2023/11/6565010918c910001e4ffd96-dreamstime_m_40735029.png?auto=format%2Ccompress&w=320
While most utilities already have targets in place to put a certain number of heat pumps in the field, there has been a massive conversion struggle because the economic story doesn’t line up for most consumers.
From American Machinist
https://img.americanmachinist.com/files/base/ebm/americanmachinist/image/2023/12/6575ef1ed8014d001edf1bf2-airbusecopulsemodelpromo.png?auto=format%2Ccompress&w=320
The Airbus-backed EcoPulse project conducted a demonstration flight to evaluate advantages of integrating hybrid-electric distributed propulsion, emphasizing reductions in CO2 emissions and noise levels.
From Offshore
https://img.offshore-mag.com/files/base/ebm/os/image/2023/12/657912520a335b001e39bc6d-cybersecurity.png?auto=format%2Ccompress&w=320
DNV research explores the changing attitudes and approaches to cybersecurity in the energy and maritime sectors.

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