Across Asia, companies and governments are adopting more renewable energy as concerns over climate change and carbon emissions move up the development agenda. The Asian Development Bank estimates that the share of renewables in electricity generation in the region will increase from 1.9 per cent in 2010 to 7.1 per cent in 2035.As these new sources such as wind, solar and hydropower become part of the electrical grid, they also introduce instability as energy is produced only under certain weather conditions. Utility operators must therefore find a way to keep the grid stable, says Sven Wagner, Director, ConnectedEnergy at Bosch Software Innovations in a recent interview.
The narrative around renewable energy sources is typically framed almost entirely in terms of their contribution to reducing carbon emissions and thereby providing a means to tackle climate change. From this perspective, the drive for renewables is inseparably linked to international negotiations over reducing carbon emissions, which will come to a head at the United Nations summit in Paris towards the end of this year.
The Glasgow Electric Plant Board is installing Sunverge Energy’s smart energy storage devices as part of the utility’s effort to significantly reduce emissions during times of peak demand for its customers in southern Kentucky.The municipally owned utility, which serves a town of 14,000, turned to Sunverge to help reach its goal of reducing carbon emissions by 25 percent. The Sunverge system, to be installed in 165 homes, provides utility-grade storage at individual homes along with software “in the cloud” to manage that storage. The devices will capture power from the electric grid at night or when demand and cost are lower. When demand peaks and costs are higher, the utility will order the batteries to release that power and distribute it to its customers, reducing the need to supply additional power from traditional generating plants.
The government is spending far too little money on energy research, putting at risk the long-term goals of reducing carbon emissions and alleviating energy poverty, some of the country’s top business leaders found in a new report.
The American Energy Innovation Council, a group of six executives that includes the Microsoft co-founder Bill Gates and the General Electric chief Jeffrey R. Immelt, urged Congress and the White House to make expanded energy research a strategic national priority.
In 2013, the global concentrated solar power (CSP) market was worth $2,507.4 million and is forecast by Transparency Market Research (TMR) to reach $8,674.7 million in 2020 — growing at a compound annual growth rate (CAGR) of 19.4 percent from 2014 to 2020.
Growing concern over declining fossil fuel reserves, rising demand of power in industrial, commercial and residential sectors, greenhouse gases emissions, and increasing prices of power generation from fossil fuels are fueling market growth, according to TMR. An increasing need to reduce carbon emissions and find an alternative clean, sustainable energy solution will bolster overall demand.
Delta Electronics, Inc., the global leader in power and thermal management solutions, today unveiled its energy-efficient “Smart Home” at Computex Taipei 2014. For three consecutive years, Delta has leveraged its green building technology into delivering the concept of sustainability at Computex Taipei. This year, the energy-efficient “Smart Home” showcases Delta’s comprehensive energy management technology for buildings and consumer products that have obtained the prestigious Taiwan Excellence Award. Delta’s smart and energy-efficient solutions promise to enable a more convenient and comfortable lifestyle that protects the environment by reducing the carbon emissions of buildings.
In state capitals across the country, legislators are debating proposals to roll back environmental rules, prodded by industry and advocacy groups eager to curtail regulations aimed at curbing greenhouse gases.
The measures, which have been introduced in about 18 states, lie at the heart of an effort to expand to the state level the battle over fossil fuel and renewable energy. The new rules would trim or abolish climate mandates — including those that require utilities to use solar and wind energy, as well as proposed Environmental Protection Agency rules that would reduce carbon emissions from power plants.
The Government will today announce energy-efficiency plans it says will improve business productivity and reduce carbon emissions while saving money.
Energy Minister Simon Bridges expects that the $3.8 million put into three initiatives for the energy sector will save businesses and households $30 million over the lifetime of the investments.
The global Renewable Energy Storage Technologies market is projected to reach US$33.6 billion by 2018, primarily driven by the growing contribution of solar and wind energy to a utilitys energy mix.
Over the past decade, there has been significant focus on minimizing carbon emissions. This has led to higher emphasis on identifying environmentally friendly energy sources like nuclear, solar, wind, hydroelectric, geothermal, biofuels, and tide/ocean energy. Also, unlike earlier when oil and gas reserves were considered to be infinite, the new realization of the finite limits of petroleum and hydrocarbon supplies is throwing the focus on renewable energy. Currently, technological advancements, rise in oil prices, and favorable policies on carbon emission implemented by leading energy-consuming nations, represent factors that are sharpening the focus on renewable energy.
The idea was born in 2005, when Janice Cheam, then in her senior year at UBC’s Sauder School of Business, was given the task of creating a business plan and prototype for a product.
Around the same time, a friend who recently returned from a conference on climate change spoke of the environmental impact of carbon emissions.