EACH YEAR LLOYD ’ S Register conducts its award-winning Technology Radar research , taking a global look at technology and its advancements across many different industries . The company is a technical and business services organisation , wholly owned by the Lloyd ’ s Register Foundation which is dedicated to research and education in science and engineering . Having begun as a humble marine classification society in 1760 , the company now boasts around 8,000 employees across 78 nations , and is well known for its high levels of technical excellence .
Lloyd ’ s Register ’ s Technology Radar research has previously focussed on the oil and gas sector , and more recently the low carbon sector , including nuclear energy , renewable energy , energy storage , and infrastructure . These are industries which have expanded enormously in recent years , competing strongly with fossil fuels , and technological developments have sped up in response to create some serious breakthroughs .
Solar power especially has become sophisticated and efficient enough in recent years to compete with
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