The industrial sector needs to get in high gear to meet the expectations of the Inflation Reduction Act, providing public funding to help the nation decarbonize. Indeed, GGE (Green Giant Energy Inc.) can lead the oil, gas, power generation, renewable, and mining sectors in their quest to reduce carbon emissions. <\/p>\n\n\n\n
The US company is shaping the trend toward de-carbonization. It invests in the technologies and partnerships to make all companies greener, especially those that need to clean up their processes. The solutions have a quick payback, enabling companies to reduce emissions and save money. The focus is on emerging energy resources such as batteries, wind, hydro, solar, and green hydrogen. <\/p>\n\n\n\n
“Energy has always been a key indicator of economic growth, and without sustainable energy resources, there is no sustainable economy,” says Junaid Ali, chief executive officer of GGE. “It’s our mission to reduce carbon and find sustainability in the new energy world. My plan is simple: invest in any technology that leads to clean energy output.” <\/p>\n\n\n\n
For example, natural gas or coal are typically used to enhance oil recovery. But solar power can generate steam, which goes downhole to loosen up the oil. Solar can also generate steam to make aluminum, lithium, or copper. It is clean and efficient. Consider that 74% of the energy used in industry is in the form of steam or heat. Solar is more expensive than natural gas but is emissions-free. <\/p>\n\n\n\n
In other words, it takes energy to produce energy. Oil rigs can be powered by batteries and green hydrogen. The value chain stretches from the upstream producers to the downstream consumers at the industrial level. Decarbonization can occur at multiple points along the way. Instead of running diesel engines, green hydrogen can be used. GGE is in the business of cutting carbon footprints. <\/p>\n\n\n\n
Notably, fossil fuels now provide 80% of the world’s energy supply. Therefore, the processes to produce oil, gas, and coal must become cleaner. <\/p>\n\n\n\n
The Inflation Reduction Act invests $369 billion in climate and clean energy projects \u2014 everything from power, transportation, wind turbines and solar panels to green hydrogen, battery storage, and electric vehicles. As a result, the United States is on track to reduce its CO2 levels by 40% by 2030 compared to 2005. The country plans to hit its net-zero targets by 2050.<\/p>\n\n\n\n
CEO Ali is well-qualified to lead GGE, having delivered solar, natural gas, and combined heat and power facilities to major companies. He’s built efficient, cost-effective industrial services and supply chains and has directed projects from the cradle to the grave. <\/p>\n\n\n\n
GGE will hire experienced cutting-edge operational and technical engineers to design and implement. <\/p>\n\n\n\n
“We are using our financial resources and investing in the electrification of the oil, gas, power generation and mining sectors,” says Ali. “We strive to become a resource-saving green enterprise with high quality, abundant reserves, advanced technology, efficient operation, protection of the ecological environment, and practice the green and low-carbon development strategy. There is a dire need for these services.” <\/p>\n\n\n\n
Indeed, there is an urgent need. Electricity now makes up 20% of all energy consumption in this country. Estimates say that it will be 60% by 2050, enabled by industrial users that will electrify their processes. To meet the Inflation Reduction Act’s goals, the United States must invest in energy efficiency and decarbonized electricity. It must also electrify transportation and buildings. <\/p>\n\n\n\n
For example, roughly 70 million tons of hydrogen annually is used worldwide. But 98% of hydrogen production comes from using carbon-intensive sources. The aim is to produce hydrogen from low-carbon energy sources \u2014 “green hydrogen” \u2014 and expand its use in the transportation and power generation sectors. <\/p>\n\n\n\n
The International Renewable Energy Association estimates that hydrogen could make up 12% of global energy use by 2050. The association predicts that the mid-2030s will be the turning point when green hydrogen is competitive with “grey hydrogen” produced from fossil fuels.<\/p>\n\n\n\n
Never in American history has such an investment been made in public infrastructure. Going green is good for the environment and business.<\/p>\n\n\n\n
“The mission is to help companies decarbonize,” says Ali. “It means teaming up with companies that are serious about the message. Oil, gas, power generation, transportation and mining operators are obvious partners. But so are businesses dedicated to clean energy and the circular economy, which takes waste and pushes it back into the market. There are many opportunities, and GGE is the right company at the right time.”<\/p>\n\n\n\n
The early adopters will get rewarded for decarbonizing their businesses \u2014 not just by a receptive marketplace but also by investors. Moreover, policymakers are laying the groundwork for it while newer, more affordable technologies enable the transition. GGE embraces the mission and stands ready to lead the charge globally. <\/p>\n\n\n\n
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About Contributor<\/p>\n\n\n\n
Ken Silverstein<\/p>\n\n\n\n
Since the late 1990s, I\u2019ve covered energy, beginning with the rise and fall of Enron \u2014 first as a magazine writer before becoming a columnist and editor. For nearly 11 years, I\u2019ve been a columnist for Forbes. My focus has shifted from the \u2018old energy economy\u2019 to the \u2018green energy economy.\u2019 My stories, which cover the globe, have appeared in, and have been cited by, dozens of publications and broadcasts. I\u2019m also the editor-at-large for Environment+Energy Leader and the Coalition for Rainforest Nations. My features and my columns have won several national awards.\u00a0<\/p>\n\n\n\n