Scarcity of global resources and depletion of carbon fuel sources has been driving the energy sector towards efficiency and alternative sources of energy. The cost inflation in the energy sector have also made more expensive technology relatively more accessible.
This economic driver is twinned with the need to reduce the human effects on global warming, the adoption and ongoing development of technologies to facilitate sustainable energy, power which can be replenished within a human lifetime.
Within the energy sector the generation of power grabs the headlines. Alongside this the upgrading of infrastructure to aid distribution and the need to improve storage are key areas requiring significant engineering and manufacturing. Renewable sources including wind, solar, hydro-electric, tidal all require manufacturing solutions and supply chain opportunities for manufacturers.
In addition, the nuclear energy industry is streamlining to offer small modular reactors (SMRs), moving away from large installations to ‘commoditise’ nuclear generation facilities. This is a major manufacturing challenge and will offer opportunities going forwards.
Manufacturing of substructures, castings, forgings, componentry, turbine blades, substations, cabling, and all elements of the construction process are at the heart of this sector.