One of the biggest challenges that the energy sector faces today is to break its dependence on fossil fuels. Times have changed, and in the past, fossil fuels met the needs of man. Technology has evolved, and human needs have become greater. The dependence on fossil fuels for daily tasks needs to go now. It is high time for consumers to turn to natural gas and oil to reduce their dependence on fossil fuels and save the planet Earth.
Paul Favret is a credible professional in the oil and gas industry in the USA. He is the CEO and Founder of Source Energy LP. He earlier served as the Chief Executive Officer at Aspect Energy. According to him, an effective trend that will take consumers away from their reliance on fossil fuels is decentralization.
Moving away from monopolistic energy providers
In short, decentralization refers to the trend of moving away from the present system where the energy grids are centralized and monopolistic. Here, consumers can produce their own energy for their specific needs. They are provided by energy providers who have all the power and control over consumers. When consumers turn towards distributed energy systems, they can save money and leave a reduced carbon footprint. They can enjoy the advantages of localized microgrids and are sources of renewable energy.
Managing your own energy portfolio
The above can be illustrated with the example of solar panels that everyone is familiar with. The idea of decentralization is the same. You can scale up the power whenever you what and store the rest for your later needs. The biggest advantage of this system is you can serve a single home to a whole community. The whole idea is innovative and exciting as you are the manager of your very own energy portfolio.
Creation of shared energy resources
There is a real-life example of decentralization today. It comes from Scotland. In Glasgow, this system is being used for the generation of energy. There are local generators both inside and around Glasgow. The city encourages housing developers to consider their own local production of energy and partner with neighboring developments so that they can share energy resources.
According to Paul Favret, this system is an amazing trend that will help consumers reduce their dependence on fossil fuels in a big way. Besides the above, consumers can also rely on the pros of digitalization, where smart and intelligent devices are being used to save energy and reduce costs.
Intelligent solutions will go a long way to improve the energy resources, their use, and infrastructure to the consumer, and save the planet too! The use of digital machines, technology, and devices will optimize the production of energy, its use, and infrastructure. In fact, decentralization can be enhanced with the intelligent digitalization of devices. In this way, energy is clean, and the carbon emissions on the planet can be reduced effectively in a large way.