Just how big is the energy industry? $6 trillion big!

Most people don’t realize how big the energy industry actually is. You might read about oil stocks in the newspaper. You might hear about some fantastic alternative energy project on the news. You might just pay your utility bills each month without giving it a second thought. But realize this – our current energy infrastructure is buttressed by a $6 trillion dollar economy!

So, think change is easy? Think again.

Such a vast industry consumes natural resources at a furious rate, and is dependent upon a global market to set supply, demand, and price. This complex system keeps the lights on. The warm water flowing. The music bumping.

It's this co-dependent relationship that makes energy such an interesting subject. Leaving lights on in an empty room sends a ripple across the globe. You’re not only contributing to global warming – you’re affecting nations of people, foreign markets, technical development, and fuel processes.

One such fuel process, one you might not be too familiar with, is gasification.

Gasification is quickly gaining ground on other renewable energy alternatives like wind, solar, and hydroelectric. The process uses a limited oxygen supply to convert a carbon-containing feedstock like coal, natural gas, or agriculture waste, into a synthetic gas and useable fuel.

In fact, gasification has been around for centuries! William Murdoch, a Scottish engineer, is credited with discovering the process back in the late 1790s. Using coal as his feedstock, Murdoch produced enough synthetic gas to light his home. Eventually, cities across Europe and America adopted his process to light their city streets and neighborhoods.

Today, as we find ourselves in the midst of a climate crisis, gasification is more important than ever. Power-starved nations are clamoring for the next breakthrough in alternative energy technology, and gasification – a blast from the past – may provide exactly that.  By 2015, the Gasification Technologies Council predicts that world gasification capacity will grow by more than 70%!

At the forefront of the transition is NRGLab. With our innovative gasification techniques, we’re hoping to clean up the $6 trillion energy industry, making it more dependable and sustainable in the process.

Want more information? Visit nrglab.asia and check out what we’re doing to ensure a better tomorrow for millions of lives around the world.