“In 10 years’ time, we expect to see the energy sector using an ‘all of the above’ approach to fuel a reliable and affordable transition away from conventional fuels towards renewable sources. This approach will focus on decarbonising, rather than eliminating, conventional fuels until costs for batteries, green hydrogen and other renewable sources become materially cheaper. It is challenging to imagine that the entire transportation sector would turn to EVs or that the entire power generation sector would retire its gas-fired fleet in just the next 10 years. Rather over this timeframe, we would expect that these industries would power their fleets by relying more heavily on sustainably produced fuels (renewable diesel, renewable natural gas, blue hydrogen, etc) to lower their carbon footprint in this ongoing energy transition.”
Starwood Energy Group
“Reshaping the current ecosystem from resource extraction to electrification is one of the largest challenges Asia-Pacific has ever faced. Immediate opportunities lean toward driving energy efficiency and renewables, scaled by grid modernisation and electrification, and on the horizon, rethinking transport, emerging carbon capture technologies and hydrogen innovations. In terms of trends, we expect to see: more corporate PPAs replacing the previous FIT regimes; electrification and automation of buildings and vehicles, combined with decentralisation of power production, for example rooftop solar at home providing energy storage for EVs; ESS storage and energy management solutions; and green hydrogen and related infrastructure.”
Director, energy infrastructure
“Despite the volatility in the current energy markets, the outlook for renewables will remain buoyant and continue to represent a safe haven for investors, while structuring new investments with long-term fixed price PPAs will increase.
Moreover, the war in Ukraine will help to accelerate the transition as more countries look to enhance their energy independence through the deployment of renewables as a natural hedge against inflation.
We also expect to see significant development in the innovations of floating offshore wind and solar. There are also exciting opportunities in hydrogen and storage to supplement these intermittent technologies in the coming years. In 10 years, clean energy will be the main cheap and reliable and sustainable technology to power the global economy.”
CEO and managing partner
Glennmont Partners from Nuveen