The energy sector is an evolving field that comprises the generation, distribution, and use of numerous forms of energy, as well as research and development activities.
And as we know, the global energy industry plays a big part in enabling us to meet basic necessities, such as heating for our homes, electricity to charge our smartphones, and fuel for the majority of our cars.
The need for energy is predicted to grow even more as populations expand and low-income nations urbanize. How will the industry adapt to these rising demands and new challenges? What is the role of expert networks in this process? Let’s dive deeper into the topic.
Energy Industry Transition in Focus
An increasing number of countries are working towards transitioning to a sustainable future. In 2023, worldwide investment in the shift to cleaner types of energy reached an all-time high of US$1.8 trillion, up 17% from the previous year.
Over one-third of the overall investments made in clean technology were fueled by the expansion of the electrified transportation networks, which hastened the necessity for renewable energy ahead of other priorities. Europe experienced the fastest growth, while China remained the largest market for electric transportation modes.
It can be challenging to establish reliable forecasts regarding the size of the renewable energy market. However, the electric vehicle market alone is anticipated to be worth US$1,381 billion by 2032.
Case Studies: Expert Networks in Action
Companies working in the energy sector – known for its complexity and rapid developments – are increasingly dependent on market information, valuable insights, and new technological advances. This information can be provided by subject-matter experts recruited by expert networks, and, with their expertise and assistance, companies and individuals can navigate the multifaceted challenges and capitalize on emerging opportunities in the energy sector.
But how does this link work in real life? Let’s analyze a few case studies.
Digital decarbonization products and services
One example of that is the collaboration between RightAngle Global, one of the expert networks working in multiple sectors such as energy, and a forward-thinking company (we shall not disclose its name at its request) aiming to introduce innovative digital decarbonization products and services within the construction industry across various regions, including Europe, North America, and Asia.
Through a meticulous process of identification and evaluation, RightAngle Global successfully brought together a group of experts, including product managers and CEOs, who were distinguished for their expertise in decarbonization strategies, pathways to achieving net-zero emissions, and the underlying motivations driving such initiatives.
This engagement provided the client with comprehensive insights into the decarbonization value chain, encompassing the entire spectrum from project tendering to the delivery of carbon reduction solutions and associated services, thereby facilitating a deeper understanding of the mechanisms to attain its decarbonization objectives.
As a result, the client gained a better understanding of the issue, which was necessary for optimal decision-making.
EV Li-ion battery reuse and recycling
When it comes to electric vehicles or EVs, expert networks can help their clients to gain a better understanding of battery reuse and recycling. In a recent case, RightAngle Global was contacted by a company engaged in a project centered on the reuse and recycling of lithium-ion (Li-ion) batteries for electric vehicles.
Leveraging our extensive experience in the energy sector, RightAngle Global successfully identified a panel of subject-matter experts specializing in the recycling and repurposing of Li-ion batteries as secondary raw materials. This panel also included experts proficient in the end-of-life management, dismantling, and environmental considerations of battery electric vehicles.
This strategic collaboration enabled the client to access critical insights, which enabled informed decision-making and further assessment of the project’s viability.
Final word:
Expert networks can be essential in the energy sector, with the ability to assist in aspects related to renewable energy, analyzing policies, and integrating new technology such as smart grids and energy storage. With their input, businesses and professionals can make smart decisions, inspire innovation, and keep ahead of industry trends.
Suggested reading:
Key Expert Network Trends in 2024: Insights from RightAngle Global
Top Trends in the Industrial and Consumer Goods Sectors for 2024 and Beyond
How Expert Networks Can Help Companies Keep Up With Industry Trends
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