Grid storage companies offer hardware solutions that store electricity during off-peak times and send it back to the grid when demand is high. The storage duration of these solutions varies, ranging from hours to days to months. Typical solutions include lithium-ion or flow batteries and thermal and compressed air energy storage.

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Smart grids, which rely on new technologies like smart meters and distributed energy resources to optimize energy flows and utility operations, are designed to be more resilient, efficient, and secure than traditional electrical grids. They allow utilities to better monitor and manage electricity flows, detect outages, and respond to restore power.

They are also a key part of transitioning toward a low-carbon economy, helping move away from fossil fuels while still providing reliable electricity services to households and businesses around the world.

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In response, BP has committed to reaching net-zero emissions by 2050. While it recently rolled back some of its end-of-decade emission reduction targets and shared it would invest up to $8B in oil and gas projects by the same year, it also reaffirmed its net-zero pledge and stated that it would allocate up to $8B in additional capital for its greener segments, like biogas.

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The post Analyzing BP’s growth strategy: How the British energy major is navigating the transition to cleaner energy appeared first on CB Insights Research.

The tech is already delivering time and cost savings in a range of business functions, from R&D to product design. For instance, generative AI could reduce design timelines by up to 90% for infrastructure projects and slash raw material use by upwards of 95% in industrial design. 

Industrials incumbents are moving quickly to take advantage. Hyundai, for instance, has used Autodesk’s generative design software to figure out how to efficiently make parts for new vehicle modalities. IBM, meanwhile, is using generative AI to identify and test computer chip materials. 

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Grid inspection companies offer solutions for the remote inspection of grid equipment, such as power lines and transformers. Utility companies can reduce their overall labor costs by using these solutions to identify when they need maintenance and repairs.

Typical solutions involve bringing together drones for remote inspection and artificial intelligence (AI)-driven software analytics platforms for defect detection. Some companies also use lidar sensors to detect hot spots on potentially faulty equipment.

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But powering these centers is no small feat. Data centers already represent around 1% of global electricity consumption and account for nearly 1% of greenhouse gas emissions. Now energy-intensive new technology like generative AI and large language models (LLMs) are gaining momentum, and they’re driving up energy consumption and costs even further.

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The company’s nuclear power plants make up approximately 60% of its power generation portfolio. Through strategic partnerships with companies like Westinghouse Electric and General Electric, Exelon is using data analytics to improve efficiency at nuclear facilities and other power plants.

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• Virtual power plants to increase grid flexibility during peak demand and reduce the need for distant, centralized power stations
• Microgrids to increase power reliability and security
• Remote drone monitoring to reduce operational costs for maintaining grid assets such as power lines and substations
• Grid storage to increase grid sustainability and reliability by storing renewable energy until it is needed
• Blockchain technology to help track renewable energy credits and facilitate peer-to-peer energy trading

Below, we dive into these technologies: how they work, who has an edge, and how they’re shaping the future of the power grid.

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The post The Future of the Grid: How technology is making the power grid more efficient, reliable, and sustainable appeared first on CB Insights Research.

Under pressure from consumers and investors, more and more companies are announcing goals of reaching net-zero carbon output. Meanwhile, earnings call discussions mentioning sustainability topics have become much more common in the last few years.

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The post What is Microsoft doing to optimize energy use & reduce emissions? appeared first on CB Insights Research.

Thanks to these new technologies, carbon emissions from the electric power sector in the US have fallen by almost a third in the past decade or so. This occurred despite a similar amount of electricity generation and no increase in the inflation-adjusted real price of electricity.

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However, the company’s recent rebrand from Total to TotalEnergies reflects a change in strategy to include more sustainable business segments. As part of the transition, the company is focused on vehicle electrification (both the infrastructure and charging solutions to optimize the flow of energy) as well as EV battery tech. 

<span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy "><h4>Get the free unbundling tesla report</h4>
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However, as the shift toward autonomous and electric vehicles accelerates, automotive suppliers like Bosch are ramping up their investment in next-generation automotive technologies — such as advanced electronics and semiconductors — as well as establishing more collaborative relationships with other manufacturers.

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These trends are generating a glut of used EV batteries that contain critical raw materials and still hold an average of 80% of their charge capacity.

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The post What are Honda and Nissan doing in battery recycling tech? appeared first on CB Insights Research.

Carbon source capture companies provide equipment that absorbs carbon emissions from oil production processes. These companies also offer equipment that converts these captured emissions to new products like plastic and fuel.

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Oil & gas giants Shell and BP, for example, aim to reach net-zero by 2050. Carbon offset technology could help. 

Carbon offsets are designed to counteract a company’s emissions by investing in projects that reduce greenhouse gasses, such as reforestation and regenerative farming. The space is growing rapidly — carbon offset tech startups raised over $700M in 2022, up over 600% from 2021. Corporates are also increasingly discussing the solutions on earnings calls.

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After 2022’s countless shake-ups, many are hoping that the new year will usher in a renewed sense of dynamism — and maybe even optimism — in the tech world as “the new normal” shifts once again.

If nothing else, the coming year will certainly prove that nothing in tech stays the same for long.

Markets will continue to shift profoundly as tech players adapt to a landscape where economic uncertainty looms large. But, at the same time, many spaces won’t appear to slow down at all as remarkable advances emerge at a rapid clip.

Using the CB Insights technology intelligence platform, we analyzed signals like investment activity, executive chatter in earnings transcripts, media mentions, patents, and more to identify the top 11 tech trends to watch in 2023.

Our 59-page report digs into trends like:

• Fintech startups adapt on the fly to contend with formidable market conditions
• Incumbents move to lock in consumers with super app-level platforms
• Ambient health monitoring will make it easier than ever to keep tabs on patients
• Virtual power plants take off as more homes produce their own electricity
• Tech will help regenerative agriculture become the new organic
• Women’s health tech companies turn their attention to menopause

The post 11 Tech Trends To Watch Closely in 2023 appeared first on CB Insights Research.

The old power grid was centered around large, centralized, fossil fuel-based power plants located away from population centers as well as the use of transmission and distribution lines to connect power generators with power consumers.

Renewable energy sources like solar and wind are now challenging the fossil fuel-based nature of conventional power generation, while new distributed energy resources (DERs) like rooftop solar panels are shifting power stations to a more decentralized model. While these changes make the power grid more sustainable, new digitization and automation tech is required to bring these devices onto the grid in a way that is cost-competitive with conventional fossil fuel power generation.

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At the time, Tesla was delivering around 50,000 vehicles a year. That year, the company broke ground on its battery Gigafactory production site in Nevada. That site would churn out enough batteries to power 500,000 Teslas per year. And more sites like this were needed, Musk claimed.

It’s clear that Musk’s vision panned out, with the company on track to deliver more than 1M vehicles this year alone. This foresight allowed Tesla to become a dominant leader in the EV battery tech space. But as EV adoption becomes more mainstream, startups — with backing from legacy auto OEMs, among other players — have popped up to compete with Tesla on battery tech.

Auto incumbents like Ford, General Motors, and Volkswagen have staked the success of their electrification roadmaps on these startups — from battery materials startups aiming to disrupt Tesla’s lithium-ion battery tech, to grid software companies that provide new EV charging solutions like vehicle-to-grid tech, to battery recycling companies that could transform the battery production process.

In this report, we look at how tech companies are unbundling Tesla and the broader EV battery tech business, broken out by battery materials, battery management systems, and battery lifecycle.

The post Unbundling Tesla: How the electric vehicle battery industry is getting disrupted appeared first on CB Insights Research.

The company has historically invested in oil & gas tech, like better industrial valves and specialty chemical refining, to solidify its position as a global leader in the industry. However, as governments transition away from fossil fuels, Saudi Aramco is expanding into new markets through strategic acquisitions, investments, and partnerships.

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The post Analyzing Saudi Aramco’s growth strategy: How the energy titan is expanding beyond oil & gas appeared first on CB Insights Research.

• Drone- and robot-based exploration to reduce capital costs and time to production
• Nanosatellite monitoring to reduce ongoing operation & maintenance costs
• Aerial gas leak detection to detect and address methane emissions
• Carbon source capture to reduce overall greenhouse gas emissions
• Geothermal wells to increase oil field productivity and sustainability

Below, we dive into these technologies: how they work, who has an edge, and how they’re shaping the future of upstream oil & gas.

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The post The Future of the Oil Field: How technology will boost oil well performance & sustainability appeared first on CB Insights Research.

The average breakeven price of a barrel of oil — the minimum amount a producer needs to cover costs like well building and operating expenses — has fallen 40% from 2014 to 2021. This decline is expected to continue into the near future as producers focus on cost cuts, even as oil prices sit near record levels.

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The post Prioritizing the 8 technologies helping oil & gas producers boost profits and sustainability appeared first on CB Insights Research.

For instance, Enel has become a leader in the EV charging market by partnering with other utility companies as well as automotive OEMs to improve and expand its EV charging network. In addition, the company has acquired and partnered with fintech companies to make the EV charging payment process more seamless.

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The post Analyzing Enel’s growth strategy: How the energy provider is shaping the clean energy transition appeared first on CB Insights Research.

Though the company has traditionally focused on the grid & power generation sectors, it is increasingly tackling other markets as more sectors embrace digitization and automation.

For example, the company has quickly grown its presence in the manufacturing and auto sectors this year through partnerships and acquisitions. Schneider Electric partnered with Intel in June to expand its industrial internet-of-things (IIoT) tech in manufacturing, and that same month acquired EV Connect to access the startup’s EV charging and fleet management technologies.

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The post Analyzing Schneider Electric’s growth strategy: How the energy management giant is doubling down on digitization & automation appeared first on CB Insights Research.