The document outlines several grand challenges facing the energy industry. It notes that demand for energy is expected to increase 45% by 2030 but fossil fuels will still dominate, providing 87% of energy. Key challenges include developing new technologies to modernize the electricity grid and transition to more renewable and efficient energy sources, as well as cultural changes to use less energy. Additional challenges are bridging the gap between energy supply and demand, finding new sources of oil as large fields become more difficult to discover, and recruiting a new generation of scientists and engineers in the energy industry.