This Time it’s Structural: Three Technology Trends Transforming the Global Energy System
Markham Hislop will discuss technology trends that are transforming Supply, Demand, and the Energy Business Model of the global energy system. He uses a technology adoption model of his own design that identifies accelerators (those things that speed up adoption) and constraints (those things that slow down adoption), then places technologies on the adoption S-curve and the adopter bell curve to explain how fast new energy technologies are being adopted. His conclusion? A Tsunami of new technologies is at the bottom of the S-curve and already affecting the energy system, but between now and 2030 they will begin accelerating, with significant change coming between 2030 and 2040. Some technologies will have a significant impact on the Alberta energy sector sooner and some later, but the lesson to be drawn from the trends is that a period of rapid technology change is upon us. The good news is that the oil sands have always been a technology play and the energy sector players (companies, workers, governments, innovation eco-system, etc.) are already engaged in adapting to the coming changes.