Energy Domain
Energy Industry – Domain Knowledge
Looking for knowledge and key business information on the energy industry?
TechnoFunc brings to you an energy industry overview, business model, value chain, competitive landscape, and latest trends. The Energy Industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. Energy is related to human development in three important ways: as a motor of economic growth, as a principal source of environmental stress, and as a prerequisite for meeting basic human needs. Each energy fuel alternative has a different combination of economic, political, technological, social, and environmental attributes. In this section we will explore various segments of energy and provide you with comprehensive knowledge base on Energy.
Learn the various dynamics and challenges in the domain of the energy industry. Quickly enhance your business acumen and talk like an expert and impress your stakeholders in your next meeting!
The Fossil Fuel Industries
These industries include petroleum industries (oil companies, petroleum refiners, fuel transport and end-user sales at gas stations) coal industries (extraction and processing), and the natural gas industries (natural gas extraction, and coal gas manufacture, as well as distribution and sales). Most of the energy we use today is being obtained from coal and petroleum. We also have nuclear power plants. But these energy sources are limited as only finite quantities of coal; petroleum and gas exist underground or in oceans.
Electric Power Industry
The modern electric power industry covers the generation, transmission, distribution, and sale of electric power to the general public and industry. The commercial distribution of electric power started in 1882 when electricity was produced for electric lighting. In the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. What was once an expensive novelty limited to the most densely populated areas, reliable and economical electric power has become an essential aspect for normal operation of all elements of developed economies!
The Nuclear Power Industry
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear-generated electricity. In 2007, the IAEA reported there were 439 nuclear power reactors in operation in the world, operating in 31 countries.
The Renewable Energy Industry
Most of the energy we use today is being obtained from coal and petroleum. There are some sources of energy, which can be used repeatedly without exhausting them, such as, energy from the sun, energy from a water-fall, wind energy, tidal energy. This industry comprises of alternative energy and sustainable energy companies, including those involved in hydroelectric power, wind power, and solar power generation, and the manufacture, distribution, and sale of alternative fuels.
