10 New Energy Events Coming In 2019 (Part 2)
Transition in Energy, Transport – 10 Predictions for 2019
Angus McCrone, January 16, 2019 (Bloomberg New Energy Finance)
“…[New Energy growth in 2019 is expected to remain] steady…[despite] slowing global GDP growth…Economic and political troubles during 2019 might influence the flow of investment in the ‘cleaner future’, but they will not halt it… In fact, more innovation than ever is likely on] how to balance a wind/solar-heavy electricity system, how to make zero-subsidy renewables investable, and how to decarbonize heat…[The U.S. natural gas Henry Hub price benchmark [is expected] to average between $2.50 and $3.50 per million British Thermal Units (MMBtu) in 2019…Global LNG demand leapt 10% in 2018 to reach 313 million metric tons per annum – despite higher LNG prices (averaged at $10/MMBtu) than 2017 (averaged at $7/MMBtu). In 2019, we expect the global LNG trade to expand by a further 8%...
[O]il price volatility will continue into 2019, but [multiple global economic dynamics are like to allow] crude to end the year in positive territory…Industrial equipment manufacturers have recently spent billions of dollars on Internet of Things [IoT], artificial intelligence, asset automation, robotics and sensors…[But] companies like GE, Siemens, Hitachi, ABB and Schneider] do not often have the best or cheapest IoT software products, and buying software from equipment manufacturers is not an ideal fit for customers. In 2018, Schneider and GE both spun out their digital technology IP into separate companies…[I]n 2019 other large industrials [like Siemens, Toshiba, Hitachi, Honeywell and Rockwell Automation] will invest heavily in their digital platforms…[China will add 40GW of solar and 20GW of wind and] remain the world’s largest deployer of new renewable energy capacity…” click here for more