Emerging technologies of nanotechnology, biotechnology, information technology and cognitive science can produce a fundamental change in our world. In 2009, scientists at the National Renewable Energy Laboratory (NREL) and SkyFuel teamed to develop large curved sheets of metal that have the potential to be 30% less expensive than today’s best collectors of concentrated solar power by replacing glass-based models with a silver polymer sheet that has the same performance as the heavy glass mirrors, but at much lower cost and weight.
I avoid time suckers such as surfing the internet (I go to sites where I have business and finish quickly), no forums, chats, very little TV. Radio is a favourite because does not tie me up.” The first step to combat possible information overload is to identify the needs and take control.
These algorithms use facial recognition and other advanced biometrics to identify a person and retrieve data about that person from social media and other digital profiles for the purpose of approval or denial of access to consumer products or social services.
Technological growth includes incremental developments and disruptive technologies An example of the former was the gradual roll-out of DVD (digital video disc) as a development intended to follow on from the previous optical technology compact disc By contrast, disruptive technologies are those where a new method replaces the previous technology and makes it redundant, for example, the replacement of horse-drawn carriages by automobiles and other vehicles.
Our Chevron Technology Ventures company scouts for, evaluates, field-tests and, in some cases, takes equity in these technologies to add value to Chevron’s base business, enhance the way we deliver energy, and continue differentiating our performance through technology.