“decarbonizing The Gas Sector: Innovations And Challenges In 2023” – All Startups Innovation Scouting Scouting Trends #1 Scouting Platforms Business Innovation Program Lessons from Startup Challenges Open Innovation Pitfalls Innovation in a Recession
Curious about which startup and decarbonization trends will soon affect your business? Explore our industry in-depth research on 5 081 startups and scale decarbonisation, and get data-driven insights into technology-driven solutions in the Decarbonization Innovation Map ours!
“decarbonizing The Gas Sector: Innovations And Challenges In 2023”
To avoid the catastrophic effects of climate change, industries must cut carbon emissions to achieve the net zero goal. We provide you with the top decarbonization trends so you know how to boost your sustainability initiatives. While renewable and low-carbon energy tops the list, advanced carbon capture solutions are also becoming increasingly important. The construction industry is turning to low-carbon materials, while the food industry is experimenting with plant-based meat to reduce carbon emissions. Keep reading to discover all the top decarbonization trends.
Innovating In Oil And Gas
For this in-depth study on Top Startups & Decarbonization Trends, we analyzed a sample of 5,081 global startups and scalers. The outcome of this research is data-driven innovation intelligence that improves strategic decision-making by providing you with an overview of emerging technologies and startups in the development industry. sustainable development. These insights were obtained by working with our StartUs Insights Discovery Platform based on Big Data & Artificial Intelligence, which includes more than 2,500,000 startups and open companies. scale globally. As the world’s largest data resource on emerging companies, the SaaS platform allows you to quickly identify relevant startups, emerging technologies, and future industry trends. overview.
In the Innovation Map below, you’ll get an overview of the top 8 decarbonization trends and innovations impacting 5,081 companies worldwide. Furthermore, the Decarbonization Innovation Map shows 16 handpicked startups, all working on emerging technologies that help grow their fields.
Based on the Decarbonization Innovation Map, the Tree Map below illustrates the impact of the top 8 decarbonization trends by 2023. Reducing dependence on fossil fuels is imperative for decarbonisation. Since the energy industry is responsible for the majority of carbon emissions, it is transitioning to low-carbon and renewable alternatives such as wind power, geothermal energy and hydrogen. Furthermore, advances in carbon capture technology, including direct air capture (DAC), also limit emissions from the source. Startups are providing innovative solutions supporting the large-scale adoption of electric vehicles (EVs) for decarbonization of the mobility sector. On the other hand, climate-positive food will replace resource-intensive farming practices to cut agricultural emissions. For example, it is replacing carbon-intensive animal meat with alternative proteins. Beyond these, top trends include advances in energy-saving technologies, low-carbon materials, and AI-powered emissions intelligence.
The global startup heatmap below highlights the global distribution of the 5081 startups and scale-ups we analyzed for this study. Created through StartU’s Insights Discovery Platform, the Heat Map shows the UK with a high density of decarbonisation startups, followed by the US and other Western European countries.
Five Steps To Get Industries On Track For Net Zero
Below you can meet 16 of these 5 081 promising startups & scalers and the solutions they develop. These decarbonization startups are hand-selected based on criteria such as year of establishment, location, funds raised, and more. Depending on your specific needs, your top picks may look completely different.
Most anthropogenic CO2 emissions come from burning fossil fuels such as coal, natural gas, and oil to provide energy. As a result, utility and energy providers are turning to renewable energy to improve sustainability. Startups are working on emerging technologies to accelerate the global transition to renewable energy. These include advanced photovoltaic (PV) that captures solar energy more efficiently and wind turbines that eliminate the need for large installations or low wind speeds. In addition, companies are making significant innovations in hydroelectricity, geothermal energy and biofuels.
Celsius Energy is a French startup that uses geothermal energy to heat and air-condition buildings. It uses heat transfer fluid circulating in a heat exchanger 200 meters deep. A heat pump then exchanges the calories with the basement to supply heat to the building during the winter and release them in the summer. In addition, a digital control system minimizes power consumption by optimizing subsurface and heat pump operations in real time. Thus, Celsius Energy enables commercial buildings to reduce their dependence on fossil fuels by using a local renewable energy source.
, high-performance small wind turbine. It contains a maximum power point tracking (MPPT) controller that optimizes the amount of power extracted for a given wind speed. The controller reduces blade speed to limit power output to 1 kW for wind speeds in excess of 65 km/h to avoid damage to the electrical system. In addition, an aerodynamic shroud surrounds the rotor, avoiding contact with the rotor tips. In this way, Diffusion Energy enables the production of wind energy in a compact form.
The Decarbonization Paradox
Emerging low-carbon energy sources such as hydrogen and nuclear power are also in demand to tackle climate change. Although green hydrogen is not completely carbon neutral, it is still better than fossil fuels because the CO2 generated during production is stored and recovered. The main focus is on green hydrogen, which is generated using renewable energy. Startups are developing advanced electrolyzers and exchange membranes for affordable and sustainable hydrogen production. Coming to nuclear power, small modular reactors (SMRs) are easier to build than traditional reactors. Energy-efficient nuclear fusion solutions will also enable affordable large-scale clean energy generation.
Versogen is a US-based startup that creates an electrolyzer to produce green hydrogen at a low cost. Its proprietary platform technology,
, adopting advanced anion exchange membranes enables the use of low-cost building materials in electrolyzers, fuel cells and other electrochemical devices. This makes them more economical than conventional proton exchange membranes (PEMs). Thus, Versogen solves the key challenge in large-scale green hydrogen production and accelerates the global transition to netless.
Generates carbon-free, safe and limitless fusion energy using compact high-field tokamak magnets and high-temperature superconductors (HTS). In addition, the startup is building its own commercial nuclear fusion plant,
How Can Oil And Gas Companies Transition To Clean Energy?
While renewable energy and low-carbon energy sources are important in the fight against climate change, they alone are not enough to reverse the effects of global warming. As a result, startups are working on carbon capture, use and storage (CCUS) technologies that accelerate decarbonization across industries. The first priority is direct gas capture, i.e. capturing CO2 directly from the surrounding air rather than point sources like power plants or factories. This opens up centralized opportunities for CO2 sequestration and utilization. In addition, among point-source carbon capture solutions, vehicle-appropriate CO2 capture solutions are on the rise.
Remora is a US-based startup that develops retrofit carbon capture units for pickup trucks. The device attaches to the vehicle’s exhaust and captures up to 80% of carbon emissions. It uses carbon filtration technology to remove greenhouse gases from the exhaust and release clean air. In addition, this solution automatically compresses CO2 and stores it in tanks on board. Once the offloading tanks are full, the startup will take the CO2 by tank truck and deliver it to concrete producers or other end users who will store it for a long time. In this way, Remora allows to reduce vehicle emissions as well as improve sustainability downstream.
US-based startup Heirloom develops a cost-effective direct air capture solution. It deploys carbon mineralization technology with widely available, low-cost minerals to create oxides that naturally bind to CO. This process does not rely on high-cost and energy-intensive air contactors. Heirloom injects carbon captured underground into geological structures. There, it remains permanently trapped from the atmosphere. In addition, Heirloom implements an iterative process of mineral recycling to limit dependence on mining, reducing overall resource usage. In turn, this startup allows organizations in various industries to reduce their environmental impact.
Mobility is one of the biggest carbon emitters, and the most effective way to decarbonize the industry is electrification. While battery electric vehicles (BEVs) have been around for a while, fuel cell electric vehicles (FCEVs) are emerging to become more efficient. This is because they run on hydrogen and only give off steam and warm air. However, even with the BEV, widespread use remains a challenge due to the absence of an EV charging station and range concerns. To solve this problem, startups are developing networks of EV charging stations as well as modular charging solutions. Besides, they are constantly innovating to make EV batteries more energy efficient and safer.
Decarbonizing The Industrial Sector: A Long Road For Low Carbon Manufacturing
, a compact, low-cost IoT electric vehicle charging station. It can be installed in shops, restaurants, homes and offices, among other places. The startup also offers a mobile app that allows riders to locate the nearest charging point and make reservations from its network of more than 300 charging stations across India. By converting grocery stores, malls and even small local tea houses into electric vehicle charging stations, Charzer creates a vast charging network for EV riders, accelerating vehicle adoption. electricity.
French startup E-MERSIV produces high-performance EV batteries for BEVs. They are based on deep cooling technology and feature ultra-fast charging in less than 10 minutes without damaging the battery cells. The battery uses a dielectric liquid in direct contact with the cells, allowing for more efficient heat exchange than traditional cold plate cooling with
