yedlin: arc forum shows future potential of energy sector - storage battery

This is a rare meeting in the energy sector, discussing the views of traditional oil and gas and new energy sectors including electric and driverless cars.
The Investment Forum set up by the ARC Energy Institute on Monday has been successful in both areas, giving enlightened delegates a lot to consider.
Encana CEO Doug Suttles highlighted 33-
The well site of the second stack basin is possible through innovation in the oilfield.
Lawrence Burns of Waymo shows the potential of driverless cars.
Linda Nazar of the University of Waterloo discussed the future of battery technology.
Steve Koonin of New York University offers a realistic perspective on reducing carbon emissions.
From the potential of a driverless car, it can pick you up at home, send you to work, eliminating the need for parking fees and mobilizing a large number of people who cannot drive, or the growth of the battery world and what this means for the future of the automotive industry or climate policy, it is clear that the pace of change is both promising and uneven.
Monday's meeting was about understanding the energy industry.
Evolution through technology
Both self-protection and further transformation to ensure future relevance and competition.
It's about what is possible, not what the industry is doing wrong, as environmental groups like to point out.
This is the right one-
The day's event is held in the gas Lane of Heritage Park, filled with signs of former energy companies and antique cars
The hybrid and Teslas are parked outside, which illustrates the current state of the automotive industry.
Participants learned that there are real limitations in achieving the transition to the future of new energy, from the need to develop new technologies and solve the problem of battery storage, the reality of economic growth and energy use is almost entirely relevant.
In Geek statistics, R-
The square coefficient is almost 1.
This means that with the growing, industrialized and urbanizing of the developing world, the consumption of fossil fuels --
Because they are ordinary, cheap, reliable and dense in terms of energy content --
By 2050, it will become a major source of energy demand in the world.
This poured some cold water on the climate targets of COP 21.
Steven Koonin, director of the New York University Center for Urban Science and Progress, said per capita emissions are now 5 million tons per year.
'If we want to reduce global emissions, that number has to drop to 1 million tons a year, 'he said. 'This is what India is doing today.
While reducing fossil fuel consumption is justified, the reality is that the industrialized world is neither willing nor prepared to reduce living standards, let alone economic growth.
To put it simply, Koonin's message is that there are many promising developments and policies aimed at reducing emissions, but it is important to look at possible situations realistically;
There is a difference in the concentration of carbon dioxide in the atmosphere.
Reducing emissions does not necessarily lead to a linear decrease in carbon concentration.
In addition, as stressed on Monday, there are constraints in terms of factors such as capacity and infrastructure --
From battery technology and manufacturing to transport infrastructure on roads or power grids, or the real potential of carbon capture and storage as a way to manage emissions --
This hinders the holy grail of achieving low emissions and carbon concentrations.
Ultimately, however, discussions about reducing emissions, increasing the use of electric cars and driverless cars have led to the question of what this means for the energy sector
From oil demand to cost reduction and efficiency improvement.
In this case, even Peter Tertzakian, executive director of the ARC Energy Institute, is more optimistic about ending the day by acknowledging that the adoption of driverless cars is likely to reduce oil demand in the long run.
Whether it's the Suttles of Encana that highlights the potential of Monique in the northeast of BC or a group of young tech entrepreneurs, so-
The Digital Oil Field offers a great deal of opportunities to take advantage.
While GE is one of the first companies to apply its digital expertise to the energy sector and continues to support Calgary-
Calgary-based entrepreneurs
Other companies have followed suit, including Amazon, Microsoft and Google.
It can be said that the energy industry is moving towards the development and adoption of its own "fitbit", recording every piece of data it can use to ensure long-running
Competitive power.
Think this: just like the use of technology opens the door to the shale revolution,
The use of technology and data is likely to continue to reduce costs.
This day includes warnings about how successful the world will be in emissions governance, insights into the challenges battery technology faces in storage and expansion, and the potential of driverless cars.
When it all ended, the last message was left to think --
This is not the first time the energy industry is facing chaos.
It's different this time, it's challenging, but it's not the end.
Deborah Yedlin is a columnist for the Calgary Herald @ postmedia.