August 2024
Next Gen Tech: Energy
Technology, material science, chemistry and engineering are converging to mitigate the energy-related challenges ahead.
Key takeaways
- The global energy system is transforming to more diversified sources of power generation and storage on the supply side, and electrification of transport, buildings and industries on the demand side. This transformation creates difficulties in balancing the production, transmission, storage and usage of energy, particularly the electricity grid, not to mention the cost and minerals required to achieve it.
- Technology, material science, chemistry and engineering are converging to mitigate the challenges ahead, and here, we share five breakthroughs that may enable the next generation of energy-related innovation.
- Bank of America Institute's 'Next Gen Tech' series explores 30 breakthroughs across artificial intelligence (AI), computing, robots, communication, healthcare, energy and mobility, that are about to alter our lives. Join us as we discuss what's next on the tech horizon.
Read our full analysis for a more in-depth look at these trends.
This publication is part of Bank of America Institute’s ‘Next Gen Tech’ series – focused on sharing 30 breakthrough technologies that will transform the world. Each week, we’ll highlight one of seven categories (artificial intelligence, computing, robots, communication, healthcare, energy and transport), and share advancements within each, so stay tuned for more.
