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All about energy
Primary energy resources are fuels in original form available in nature such as Fossil fuel, Natural gas, Wind and Solar radiation. Secondary energy resources are actually derived from primary energy resources such as petroleum derived from crude fossil fuel, electricity derived from chemical or mechanical energy conversions in batteries and dynamo respectively.
Non-renewable energy resources will ultimately runout with time and can not be replenished (Fossil fuel, Natural gas, Nuclear energy etc.). Renewable energy resources will not run out with time and does not require replenishment (Solar, Wind, Hydropower etc).
Energy conversion and management
According to the law of conservation of energy, the energy can neither be created nor can be destroyed but it can only be transformed from one to another form. Such transformation or conversion of energy involve several processes, which affect the energy availability for desired purpose. Also, the conversion of energy require technological intervention for efficient conversion to reduce loss in the available energy. The loss can be in terms of time, money, energy resources and environment directly of indirectly. There is a cost associated with the energy derived either from the primary or the secondary energy resources. There are several factors, which are responsible for the cost of energy such as: 1. Availability of energy resources. 2. Availability of technologies for the extraction of energy resources from its sources. 3. Energy transfer from its source location to the location of its use. On the other hand, energy pricing depends on the 1. Cost of available energy, 2. Demand, 3. Global energy policy, 4. Local energy policy.
Energy management is the field, which aims to covers the aspect of energy policy framing, implementation monitoring and controlling, targeting the effective use of energy for the sustainable growth. It also includes the activities that endeavor to mitigate the ill effects of injudicious use of energy, on the environment. The prosperity and quality of life is largely dependent on the energy consumption which require the energy supply to be affordable and reliable. Considering the Agenda 2030 of United Nations, the affordable and clean energy goal is directly of indirectly linked with the other sustainable development goals. These arguments support the views of global communities in the energy sector that, the will be a huge demand of energy management field experts in almost all business enterprises.
Global Energy Scenario
Considering the fact of increasing population and the rapid urbanization, it is clear that there will be a rise in energy consumption. By 2030, there will be approximately 60 % of population living in urban areas. It is also expected that global GDP is going to increase by several folds by 2030. So, the nations need energy security for the growth. In order to be energy secure, the nations needs to develop a framework and implement a comprehensive energy policy with an appropriate energy mix. This will not only ensure the affordability but also help in promoting the self reliance agenda of developing nations such as India.
Quality, not quantity
We have made quality our habit. It’s not something that we just strive for – we live by this principle every day.
While most of the things about the creative process will be forgotten, the excellence of our products and services will be remembered.
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