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!
Overview of Energy
The energy is comprised of companies involved in the exploration and development of oil or gas reserves, drilling, and refining and integrated power companies working on renewable and coal energy. This industry locates fuel resources, processes them, and finally involved in the production and sale of energy. Access to affordable energy is fundamental to human development, and economic growth as without electricity and power, human opportunities are significantly constrained.
History of Energy Industry
The history of human culture can be viewed as the progressive development of new energy sources. Developments in the energy industry have resulted in unparalleled transformations of society. It is because of the availability of energy sources that humans have been able to increase comfort, longevity, and affluence, as well as their population apart from unprecedented growth. Each energy fuel alternative has also impacted different combinations of economic, political, technological, social, and environmental attributes.
Importance of Energy Industry
Energy is essential to life and the key to human progress. Energy is the common link between the living and non-living realms of the universe, and thus provides an organizing intellectual theme for diverse disciplines. Energy growth is directly linked to well-being and prosperity across the globe. Meeting the growing demand for energy in a safe and environmentally responsible manner is a key challenge.
Energy Industry – Trends
The energy industry is going through the biggest transformation in history. The impact of energy production and consumption on the environment is varied and mankind has started understanding the importance of improving energy efficiency and ensuring energy security for all. The current trend is to explore sustainable energy options that can provide power to future generations.
Traditional Energy Industry
This is the traditional industry based on the collection and distribution of firewood, the use of which, for cooking and heating, is particularly common in poorer countries. People have needed energy in some form for their everyday lives for hundreds of years. Primitive man (about 1 million years B.C.) used fire to cook food and over the period of human development. The energy industry was probably born the day when our ancient ancestors first discovered that they could keep themselves warm and cook food with fire.
