Billions of dollars have poured into the energy sector to spur investment and production of technology to fight climate change through the passing of the Inflation Reduction Act (IRA) 18 months ago. Experts weigh in on the successes so far and any challenges and obstacles that have arisen.
The energy transition requires rapid deployment of new energy infrastructure at an unprecedented pace and scale. Successfully permitting that infrastructure in a timely manner has become a critical issue, one that countries and companies are struggling with. It’s a fine line between creating a framework that delivers the right outcomes—for the environment, for locals, for a country—and one that introduces too many constraints. How can regulators overcome these barriers, and ensure that perfect does not become the enemy of the good? What role should companies play to ensure their projects meet public demands?
In an energy landscape heavily dependent on intermittent renewable generation, integrating flexible generation is vital to ensure energy security and maintain grid stability. Hydrogen used within thermal plants or fuel cells can provide a critical source of decarbonized, dispatchable power to compliment the transition toward a renewable energy future.