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Third Industrial Revolution Consulting Group<br />

The curricula should not be limited to classroom instruction, but include onsite apprentice<br />

programs, real-world field experience, and online collective intelligence networks (COINs).<br />

6.4 Young people are rapid adopters of IoT technologies through gaming, social media, and<br />

imaginative play and creation with 3D virtual reality and augmented reality devices (and<br />

soon additive manufacturing with the availability of lower cost 3D printers). Teachers are<br />

less likely to be as conversant as students with many of these IoT technologies. Cultivating<br />

sophisticated and advanced skills, then, in the use of the myriad IoT/IoS/IoN tools and<br />

technologies, should be developed through peer-to-peer initiatives, as well as through<br />

reverse mentoring venues. Reverse mentoring is on the uptake in business, where new<br />

young IoT-savvy employees are being paired in reverse mentoring situations with IoTchallenged<br />

veteran employees and senior executives. An initiative with the aim of<br />

promoting jobs in industry will start soon in Luxembourg: http://www.hellofuture.lu/.<br />

7 Research, Development & Innovation<br />

7.1 Foster innovation and R&D in the field of temporary energy storage. Use the example of<br />

Luxembourg to progress in the development of advanced technologies for temporary<br />

energy storage, including energy conversion at high efficiencies as well as the development<br />

of energy recovery or multiple use of energy (e.g. use off-heat generated by cooling<br />

processes to heat buildings or fresh water, etc.). Industries could play a very important role<br />

in the balancing in the grid while more unpredictable productions come to the market and<br />

while storage capacities remain limited. Industry could operate fuel switches or react<br />

thanks to flexible production levels and connected flexible production installations.<br />

Common projects and actions have to be developed with industry. The main challenge is<br />

the development of new technologies, which allow a reversible conversion at highest<br />

efficiency between different types of energies, as well as storage and recovery without<br />

losses. Infrastructures required for these processes have to be at affordable costs<br />

(investment and operation). Beyond this, so-called “smart grid” approaches, namely<br />

including small unit power generators (few MW), which can further help to compensate the<br />

imbalance between the global consumption and production, remain to be further<br />

developed and could be part of the project focus. As transportation and logistics represent<br />

a significant percentage in Luxembourg’s global energy consumption, these aspects could<br />

be included as well. Develop a precise common vision amongst all stakeholders and define<br />

priorities in the technical R&D efforts. Set-up a shared fund and fund management system.<br />

Gather a competent global project directors team, consisting of technical experts and other<br />

247

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