Yesterday, I Wrote about the speed at which change is likely to occur this century. Paradigm shifts will happen regularly, in stark contrast to the past, where paradigms had a long shelf life. From health and education to energy and transport, paradigms will shift. The energy transition is big discussion topic today, and rightfully so. The most transformative periods in history have been tied to energy transitions. While renewable energy dominates the dialog, rapid increase in energy demand can negate those gains. This short video captures parts of this dialog. Visit this YouTube Channel to join the discussion.
The most transformative periods in history are linked to eras of energy transition. The most impactful was the emergence of fossil fuels. What does that say about what lies ahead? Have we entered a period of energy transition, and if so, are we on the cusp of another highly transformative period? Energy is just one piece of a very disruptive decade ahead – but it is perhaps the biggest piece. As we Accelerate Towards a new energy paradigm, what can we expect? One thing is certain: there are societal and geopolitical implications to consider.Continue reading
I just finished another book and added it to my Library. Author Daniel Yergin explores the convergence of energy, climate change, and a world where an existing power is confronted by an emerging power. The New Map helps us understand global dynamics, historical perspectives, the entrenched role of oil and gas, the forces that are driving an energy transition, and the impact of a raging pandemic.
Daniel Yergin is a highly respected authority on energy, international politics, and economics, and a Pulitzer Prize-winning and bestselling author. He is vice chairman of IHS Markit, one of the leading information and research firms in the world, a member of the board of the Council on Foreign Relations, a senior trustee of the Brookings Institution, and has served on the Secretary of Energy Advisory Board under the last four presidential administrations.Continue reading
It was 2014 when I was first exposed to the concept of an Energy Internet. It was Economist Jeremy Rifkin in his book The Zero Marginal Cost Society that introduced it as part of a broader vision for a new general purpose technology platform (GPTP). I have since written extensively about the Shifting Energy Paradigm and the implication for society. When evaluating the three foundational components of a GPTP (Energy, Communications, and Transport), changes to the energy component have historically driven the biggest societal transformations.Continue reading
Yesterday, I wrote about the potential Acceleration towards a New Energy Paradigm. When we consider the building blocks on the innovation wheel that shape this emerging paradigm, the change is likely significant. One such building block is the wireless transmission of electricity.
This recent Article describes new innovation that enables this transmission. It was Nikola Tesla that first worked on Wireless Energy and Power Transfer. He almost succeeded when his experiment led him to the creation of the Tesla coil. It was the first system that could wirelessly transmit electricity. From 1891 to 1898 he experimented with the transmission of electrical energy using a radio frequency resonant transformer of the Tesla coil, which produces high voltage, high frequency alternating currents.
My Post yesterday revisited the intersections that shape our future. Convergence across multiple domains sets these intersections in motion. In this context, convergence refers to a virtuous cycle where events in one domain spur action in another. The great inventions (electricity, telephone, and internal combustion engine) were clustered together at the end of the 19th century, forming a virtuous cycle that drove a period of astounding innovation. Several Catalysts drove an enabling convergence across the economy, science, technology, business, geopolitics, and a broader set of societal issues.
The building blocks of our future are numerous, and they are intersecting in ways that drive rapid shifts. I Visualized this phenomenon a while back, trying to depict the complexity of our world and the challenges it represents. It was Futurist Gerd Leonhard that gave me the idea. As someone who used my Anchor Visual in keynotes, he reflected on how impactful it might be to demonstrate the convergence that was occurring across the visual.
In a post back in 2018, I described a phenomenon that contributes to the rapid Acceleration of innovation and scientific breakthroughs. Peter Diamandis coined the term Techno-Philanthropists and compared and contrasted them to the Robber Barons of a different era. Billionaires get a lot of negative press these days – but one thing is clear: their wealth is both accelerating the pace of innovation and addressing some of the world’s greatest challenges. Stories described by Articles like this one highlight the point.
This Article provides a very good example of domains that are converging in ways that shape our future. In this example, innovations in science and technology converge with future scenarios involving the emerging Mobility Ecosystem and one that is often described as the emerging Energy Internet. Author Jeff McMahon indicates that there will be more than enough batteries in electric vehicles by 2050 to support a grid that runs on solar and wind—if the two are connected by smart chargers, according to experts at the International Renewable Energy Agency.
As described in an earlier post, these Intersections across multiple domains introduce new scenarios that amplify impact. In this example, the boundaries between mobility and energy blur, creating a synergistic linkage between the two ecosystems. This complex and unpredictable dynamic complicates our Future Thinking exercise – but it may be the most critical focus of any forward-looking effort. The above referenced article provides a good example of how the Convergence of science and technology leads to a convergence with multiple future scenarios. Visualization helps to understand the various dots that are connecting.
Although we spend a lot of cycles debating climate change, some have placed economic development above ideology. You wouldn’t expect a state tied economically and in the American imagination to oil, gas and coal, to lead the U.S. in wind power generation. Less restrictive zoning, taxation systems that encourage building, and robust transmission lines can enable this type of progress.
Our energy platform has not changed since the early days of the second industrial revolution. Energy is one of the three foundational pillars of our society – with communication and transport representing the other two. Collectively, they create a general purpose technology platform that enables our society. Although we talk a lot about a Fourth Industrial Revolution, in reality, there was never a third shift in this foundational platform.
Today on Coffee Break with Game Changers, Bonnie D. Graham hosted a show focused on the future of energy. You can listen to the rebroadcast here. The session abstract is included below, as well as a Twitter stream that provides insight into the topic and our discussion. The show participants included: Bonnie, Gray Scott, Tom Franklin, and myself. You can take a deeper dive on the topic via this Discussion with David Cohen.
The Energy Internet is positioned to transform our lives – perhaps on a larger scale than the Internet before it. This dynamic, distributed, and multi-participant Enernet – as some are calling it – is built around clean energy generation, storage and delivery. With a long list of innovators emerging, the resulting innovation will drive massive change, including how we think about cities, municipal services, transportation, insurance, real estate, financial services, and more.
In his sixth post in the series, Marshall Kirkpatrick focuses on the intersection between artificial intelligence and renewable energy. By way of reminder, Marshall launched a 30 day series that explores the intersection between AI and the various innovation components on my emerging futures visual.
The airwaves are filled with talk of exponential technologies like Blockchain, Artificial Intelligence, Robotics, Renewable Energy and more. In addition, societal factors that influence or are influenced by technology are getting more attention. So what’s the buzz?
An article on Blockchain uses eight visuals to describe The Future of Blockchain and provides a Financial Services adoption timeline. The adoption scenario predicts that Blockchain will move past the Innovators phase in 2016 and reach 13.5 percent of early adopters within financial services. The tipping point is then expected to happen in 2018, as the early majority begins to see benefits realized by early adopters, and new models emerge. The growth phase lasts until 2025 when Blockchain goes main stream within financial services. This visual from the article captures the adoption cycle.
A separate piece by Mckinsey focuses on Blockchain in Insurance. A key take away from this report is that Blockchain is yet another example of an ecosystem growing beyond traditional industry.
The focus on disruptive scenarios continues in the next several posts with a look at the work of Jeremy Rifkin and his recent book titled The Zero Marginal Cost Society. In his book, he describes the economic paradigm shifts of the past, and points to three elements that converge to create a general purpose technology platform to drive the shift: new forms of communication, new forms of energy, and new mechanisms for transport and logistics. Rifkin believes a powerful Third Industrial Revolution platform (The Internet of Things) is emerging to drive an economic paradigm shift in the next 40 years. The new form of communications in this context is the Internet, while renewable energy represents the new form of energy. The new mechanisms for logistics and transport involve sensors, coordinated logistic networks, renewable energy, and autonomous vehicles. Mr. Rifkin describes this Third Industrial Revolution platform as three Internets (Communication, Energy, and Logistics) converging to operate as one. He sees the Internet of things bringing these three elements together to manage (Communications), power (Energy), and move (Logistics) economic activity.