We've asked the NextEnergy team to share the industry-related news, stories and information that have grabbed their attention this month. We hope you find it useful!
Angella Durkin, COO
What she’s reading: Birmingham announces hydrogen bus pilot
Source: Smart Cities World
What makes it interesting: What’s the future of Hydrogen? This pilot in Birmingham is testing out Hydrogen-powered buses.
Latonya Binford, Accountant
Source: NextEnergy Center
What makes it interesting: I had not considered what the auto finance industry would look like due to anticipated shift from less personally owned vehicles to more ride sharing. The analysis suggests that nearly 35 percent of the total auto finance market could ultimately be in commercial transactions, versus consumer transactions, which would substantially shrink the overall size of the market ($110 billion dollars in annual revenue). Some revenue opportunities are presented to more agile auto finance companies that are already in the fleet financing space.
Wayne Snyder, Director, Technology Development
Media: Traffic Technology Today
What makes it interesting: U.S. Department of Transportation Florida connected vehicle pilot validates lesson learned that complex emerging technologies for smart cities such as autonomous vehicles require broader and more comprehensive deployed field testing than a controlled laboratory can provide. Pilot projects can help meet the need for deployed field testing.
Eric McDonald, Director, Facilities & Infrastructure Development
What he’s reading: A Confluence of Factors Exposing Industry Investment Gaps
Media: T&D World
What makes it interesting: The grid is aging. American Society of Civil Engineers forecasts a gap of over $300 billion in electrical infrastructure investment of the next 20 years. Energy Information Association (EIA) recorded that the percent of transmission outages caused by unexpected failures grew from 32 percent between 2014-2018 to 46 percent in 2019
Tim Slusser, Director, Smart Mobility Initiatives
What he’s reading: Sensor networks are driving the creation of connected city ecosystems
Media: Smart Cities World
What makes it interesting: Two main takeaways: (1) Deploying a single centralized network can drastically accelerate smart cities initiatives and (2) the future will include sensors galore to collect data, improve local quality of life, and foster data-driven decision making.