Diesel Energy: An Inside View
Diesel Energy: An Inside View
Amidst the chaos and uncertainty that we've experienced over the past few years, it's been easy to overlook some fundamental forces that are emerging in transportation energy. The world has barely begun to emerge from the Covid restrictions that have held the world captive for the past couple of years. The war in Ukraine is proving to be a huge global disruptor, not only from a humanitarian and political view, but also from a business, energy and commodity standpoint. Rarely has the world experienced so much societal upheaval in recent times.
AiResource's CEO & Founder Randy Chapman has been a keen observer of everything happening and senses some major changes occurring that could have sizable business and economic effects as these factors come into play. “Diesel-power is a major economic driver of the world's economy. Now that business, manufacturing and supply chains are beginning to recover from the Pandemic turmoil of the past few of years, we're seeing incredible demand and corresponding growth for Diesel engines for applications that are needed for the global economy to recover”, says Chapman. So how big is the Diesel engine market? According to MarketWatch, the global Diesel engine market in 2021 reached an astounding $212.4 Billion dollars.
Chapman continues, “Because of its high energy density, Diesel energy is essential for medium-duty & heavy-duty trucks, railroad and ocean transport, diesel electric generators, and off-road, heavy construction equipment. There are also requirements for a lot of things that we don't normally think about, like water and sewage pumping stations and emergency power. When floods, earthquakes and hurricanes decimate areas, the power supplied by Diesel generators is what allows our towns and cities to save lives and get back on their feet. Then Diesel powered off-road equipment allows the recovery and rebuilding.”
Global Market Research company TechNavio agrees. Their research forecasts that the Diesel Engine Market is growing rapidly. The company forecasts that the market will grow by $38.4 Billion Dollars from 2021-2025.
While demand for Diesel power grows, governments and regulatory agencies are enacting increasingly strict emission regulations. In 2021, California Governor Gavin Newsom signed the Heavy-Duty Engine and Vehicle Omnibus Regulation that requires NOx emissions to be cut by 90% by 2027 into law. In 2022, the Environmental Protection Agency (EPA) proposed similar emissions goals for the rest of the country that also go into effect in 2027. Chapman continues, “The demand for cleaner air and a healthier global environment has never been greater. Without waiting decades for alternative energy sources to gain high enough output yields and become less polluting, it's important that we put plans into action today. The key is to enact the most economically viable solution, utilizing our planet's resources that are already in common use, with an infrastructure that's already in place.”
AiResource's Efficient Combustion Design (ECD) aims to redefine how combustion engines function. Diesel is one of the most efficient and energy dense sources available, but the challenge has always been Diesel's relatively high emissions, with significantly greater PM (particulate matter) and NOx (Nitrogen Oxides) emissions. Chapman reflects, “Environmentally friendly advances like low sulfur, oxygenated and biodiesel fuels have all shaped Diesel as an energy source, but the next step is innovating at how efficient we can make Diesel Engines. I believe that stewardship of the planet requires a variety of disciplines, including technological innovation. We need the benefit of the power density of Diesel, while making it much, much cleaner. Our ECD Technology is the Bridge to making Fossil Fuels Green Energy.”