Welcome to the latest issue of Future Power Technology.
In this edition, we investigate one of the most striking pieces of US legislation in a generation, the Inflation Reduction Act. While the bill is explicitly aimed at cutting inflation, the new law creates significant growth opportunities for renewable power in the US, with around $391bn set aside for new energy investments across the country.
Of course, the headlines are enticing – lead by the news that the bill could reduce 2030 US greenhouse gas emissions to 40% below 2005 levels – but delivering on these promises remains a challenge.
Elsewhere, we consider a range of power generation processes that could be afforded a new lease of life for one reason and another. Nuclear and biomass could prove integral to the world’s new energy mix, and emerging technologies of gravity batteries and ocean power may finally have a time to shine as the globe’s industrial leaders look to decarbonise their sectors in an uncertain world.
In addition, we speak to the African Energy Chamber about the role of privatisation in delivering both economic and environmental benefits for African power, and explore the growing role of digital twins within the industrial Omniverse.
For all this and more, read on.
JP Casey, editor