Electric power chieftains, Middle East oil potentates, wind power gurus and grid entrepreneurs gathered at the high-energy IHS CERAWeek conference in Houston this week.
On the electric front, discussion centered on the mounting importance of electric grid security in the face of cyberthreats, the challenges of ramping up the use of intelligence in the power grid to pull in ever-increasing amount of renewables and storage, the rise of natural gas generation, the unstoppable plunge of coal power and the necessary but complex path for nuclear power in the future.
Oil and gas gentry, many of them clustered here in Houston, generally moaned about the plunging prices of their cherished commodities amid speculation about when the price bottom may be scourged [consensus: not soon].
Overall, the conversations were animated at what the event organizers fashion as “the Davos of energy.”
U.S. Energy Secretary Ernest Moniz perhaps captured this moment in energy history best y asserting, with his trademark slight smile, that the transformation of the electric power grid now underway represents “trillions of dollars of opportunity.”