Ultimate Review of 5 Energy Sector Outlook Reports (Including BP Energy Outlook 2035) Electric cars. Solar panels. Wind turbines. Today’s market hosts a plethora of efficient energy source alternatives to fossil fuels. Innovations in conservation technology pave the way for a sharper focus on renewable energy. As the increased availability of energy-efficient solutions continues to grow, the cost and efficacy of these sources improve and most consumers now have access to renewable energy. Analysis of the recent trends in power generation PPT and leading industry outlook reports revealed the following observations and data for past and present energy consumption - as well as projections for the future. 1. BP Energy Outlook 2017 On February …show more content…
Natural gas is projected to experience the most growth as a clean source of energy, and non-hydroelectric renewables is projected to be the second source to experience the most growth. Coal production, nuclear power, and hydropower are projected to experience very little growth through 2050 due to slow expansion of electricity demand and poor economic conditions. If the current laws and regulations regarding energy and carbon emissions stay in place, by the year 2050, the energy intensity will be 42 percent lower and the carbon intensity will be nine percent lower. Electrical grid operations, including those that use solar and wind energy, have the added capability to model energy storage with four-hour batteries on the electrical grid. 5. McKinsey Energy Report - Global Energy Perspective 2018 Similar to the other industry energy outlooks, the McKinsey Energy Perspective 2018 offers a summary view of projected energy supply and demand and transitions over the next decades. Key considerations from the 2018 McKinsey Energy Report