While some sectors of the power industry are struggling to stay relevant, there are many more segments that are thriving. As new technologies are developed and perfected, there is more reason than ever for people in the power industry to be optimistic about the future.

Opportunities are everywhere in the power industry these days. Not only are wind and solar energy seeing explosive growth, but also several other technologies are showing real signs of promise. Battery energy storage systems and microgrids have become mainstream grid components. Advanced nuclear power designs and hydrogen-based energy schemes have progressed beyond concepts and into real brick-and-mortar projects. The worldwide focus on climate change has developers of carbon capture and storage (CCS) technologies licking their chops, with serious deployment of CCS systems almost assured if the world is to meet goals aligned with the Paris Agreement.

The movement to electrify everything also provides opportunity for power companies having the proper vision to capitalize on the trend.…

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