Entries tagged with “renewable-energy”
Articles
17 articles found for renewable-energy:
- Floating Offshore Wind Energy
The need for environment-friendly resources and technology is rising. Renewable energy resources are gaining popularity, with wind energy being the second largest source. Though offshore wind is the fastest growing source, floating offshore wind source is also emerging as a powerful source of energy. Platforms and turbines are being developed to garner this energy. Though the resource faces challenges in implementation, it is a viable and economic option, and if a few measures are taken, it can easily become a main contributor of renewable energy.
- Decarbonization of Natural Gas at Pre-Combustion Stage
Decarbonization is becoming increasingly urgent because of the rise in global warming. Given the substantial utilization of natural gas by corporations in the US and Europe, this need has become notably more significant. Currently, the adoption of renewable energy sources stands out as the most relevant method for mitigating carbon emissions. However, limited availability of renewable energy supplies and declining levelized cost of energy (LCOE), has increased per unit cost of green energy, thereby compelling companies to sustain considerate consumption of natural gas. Companies can adopt other techniques for decarbonization, such as carbon capture storage/utilization (CCS/CCUS), as a feasible option to eliminate carbon dioxide content of natural gas. However, due to high costs associated with carbon capture and storage, evaluating certain other future ready techniques, such as methane processing, to decarbonize the balance usage of natural gas is necessary.
- Virtual Power Plants: The Way Forward
Growth of distributed energy sources (renewable energy) and fluctuations in demand for electricity has led to the development of Virtual Power Plant (VPP) systems. A VPP is a cloud-based system that uses software and algorithms to integrate and manage distributed energy resources. Currently, most VPPs are being established in developed countries such as the US, the UK, Germany, and France. Over the past year or so, VPP’s growth has been fueled by COVID-19 and Russia’s invasion of Ukraine.
- Heat Wave: A Challenge for Power Sector
Heat Waves as an impact of climate change have created an existential crisis and countries across the world are struggling against it. It has led to increasing demand for electricity and the need for alternative energy sources. Heat waves are also affecting the power generation capacity of renewable energy sources as well as thermal power plants. How can countries work together to decelerate global warming and develop new technologies to overcome issues caused by climate change?
- Green Hydrogen in Circular Economy
The urgent need to reduce greenhouse gas emissions has prompted countries worldwide to commit to net-zero targets, driving the rapid adoption of low-carbon and renewable energy sources. Green hydrogen, generated from solar and wind power, has immense potential in sectors that are difficult to decarbonize. However, challenges related to costs, infrastructure, and policy intervention hinder its progress. Improving process efficiency, achieving cost efficiency through technological advancements and scale, transforming infrastructure, and implementing supportive policies are crucial for the widespread adoption of green hydrogen as a clean energy solution in the transition to a circular economy.
- Climate Tech Startups Saving the Planet
In the past few years, changing weather patterns and an increase in natural disasters became evident as the climate change impact intensified. With the global temperature increasing and ice mass melting, sea levels have risen, which will soon prove to be cataclysmic for the planet. Technology experts and modern entrepreneurs are devising innovative solutions to combat climate change, such as reducing carbon emissions, harnessing renewable energy, and creating sustainable solutions, thereby changing the way of life. Will they be able to reverse the negative effect of environmental degradation and reset the delicate ecological balance?
- Thematic Investing on the Rise
Disruptive technology is constantly reshaping the world. Despite the pandemic-induced lockdown, seamless internet connectivity enabled access to a virtual world where we could work, shop, and even meet people. Due to mobility restriction, labor shortage, and supply chain disruption, manufacturers have turned to robotics. Breakthrough treatments and medical advances in healthcare have helped combat the pandemic crisis. Climate change has shed light on vehicle electrification and the shift to renewable energy. Consequently, technological advancements such as AI, machine learning, blockchain, robotics, and data analytics are gaining popularity. The benefits of these disruptions, or rather “trends” and “themes,” are manifold. These trends are increasingly changing the way investors manage their portfolios.
- Forging a Sustainable Future: A Look at Steel Companies' ESG Initiatives
In 2022, worldwide production of crude steel totaled 1,885.02 million metric tons (mmt), and demand for steel is anticipated to increase significantly to meet future requirements. However, the steel industry is a major contributor to global greenhouse gas (GHG) emissions due to its reliance on fossil fuels and energy-intensive production processes. Currently, the industry accounts for approximately 8% of the global final energy demand and 7% of the energy sector’s CO2 emissions. Hence, there is pressure on the industry to reduce its carbon footprint. Consequently, it has been exploring various strategies, such as using renewable energy sources, adopting more efficient production methods, and implementing carbon capture and storage technologies to mitigate the environmental impact.
- Integrating ESG in Real Estate
Environmental, Social, and Corporate Governance (ESG) is slowly gaining prominence across industries. Real estate has been a late adopter of this concept, but global warming concerns and net zero commitments have accelerated its acceptance within the industry. Real estate companies across regions are embedding ESG practices within their processes. Investors and financial firms also consider it important. ESG is set to become an essential requirement and become an integral part of Real Estate processes.
- COP28: Green Tech Takes Center Stage as Funding Paves the Way for Biotech Solutions
The dust has settled on COP28, and amid the flurry of pledges and promises, one theme stands out: biotechnology and green manufacturing are emerging as the keystones of the fight against climate change. This article delves into the funding commitments made at the conference and explores how these innovative solutions can empower companies and countries to achieve their ambitious climate targets.
- Green Steel: How one of the world’s most emission intensive industry plans to decarbonize
Steel is the backbone of societies, buildings, equipment and infrastructure across the globe. It is used in the manufacturing of a range of products, from cars and machines to construction materials for our offices and homes, thereby forming a critical element of contemporary life. However, the innumerable benefits come at a cost as the steel industry is one of the leading contributors to carbon emissions globally. With the steel industry's future at the forefront of climate change discussions, we are in a race against time to clean one of the world's most carbon-intensive industries. As the efforts to meet climate change goals speed up, can innovative technologies enabling the transition towards green steel be the answer to the challenges posed by traditional steelmaking?
- Suryodaya Scheme Opportunities and Impact on Various Sectors
The government’s decision to install 100 million solar plants in Indian households would significantly boost the energy sector. This aligns with the Indian government’s global aspiration of “One Sun, One World, One Grid,” an initiative proposed to connect the electrical grids of various countries, powered by solar energy.
- Capturing the Opportunity of Carbon Capture & Storage Technology in Petrochemicals
The growing need for environmental sustainability has impelled petrochemical companies worldwide to look for ways to reduce carbon emissions and reach net zero emissions by 2050. Industry leaders globally have been collaborating on exploring carbon capture and storage (CCS) technology as a means to significantly reduce carbon emissions from their petrochemical plants. As this technology is in a nascent stage, companies that make an early entry in developing and investing in CCS and related infrastructure would provide good investment opportunities, considering they would largely benefit as CCS technology gets adopted across the petrochemical industry.
- The Future of Internal Combustion Engine
In 2021, the worldwide internal combustion engine (ICE) market was approximately worth USD 58,514.15 billion and is predicted to reach USD 93,615.18 billion by 2029, growing at a CAGR of 6.05% between 2022 and 2029 showing tremendous growth. It is likely to expand further as demand for passenger and commercial vehicles rise in both established and emerging markets. Electric powertrains are increasingly coupled with ICE to enhance vehicle fuel efficiency, which is driving industry development. The demand for ICE is growing exponentially in industries such as agriculture, construction, mining, and power generation. The global lack of EV infrastructure availability is partly responsible for the ICE market's growth.
- Green Gold Rush: Cleantech Startups Attract Global VC Interest
In recent years, cleantech startups have emerged as the favorites of venture capitalists (VCs). The rising concerns surrounding climate change triggered a massive shift in investment patterns and pushed the clean technology sector into the limelight. This transformation is not confined to a specific geographic region; rather VCs across regions are increasingly supporting technologies and innovations that could contribute to a sustainable future. Is this a short-term trend or a new phenomenon?
- Innovation and Sustainability: Setting New Standards for Tailings Management
Though metals and minerals are essential for human progress, the process of mining them is harmful to the environment. The byproduct of mining – tailings – are toxic and their disposal must be managed correctly. Conventional tailings storage and management methods are risky and inadequate for their safe disposal. However, modern methods of tailings management can overcome the shortcomings of the current process and prove more feasible.
- The Ripple Effect: Innovation Disrupting Industries
The last decade has witnessed that innovation in one industry has transcended traditional industry boundaries and disrupted businesses across industries. The pace of trans-industry disruptive innovations is expected to accelerate in the coming decades, blur the lines between sectors, and emphasize the importance of cross-industry collaboration and adaptability for sustained success.
Special Reports
1 special reports found for renewable-energy:
- Rising Resource Nationalism in Metals Critical for EV Batteries
The commodities markets, renowned for their inherent volatility, are poised for a substantial surge in demand for battery metals. This is primarily due to the exponential growth of electric vehicles and the need for energy storage solutions to enable a greater share of intermittent renewable energy sources in the energy matrix. The pivotal battery minerals encompass lithium, nickel, cobalt, graphite, manganese, vanadium, and copper. Presently, the anticipated scarcity of lithium, nickel, and cobalt emerges as the most pressing concern in the landscape of new supply. The demand for nickel is expected to rise 44% globally by 2030 compared to 2022, while the growth of lithium-ion batteries is anticipated to accelerate at a 30% annual compound rate and the production of cobalt is projected to rise by 13% yearly over the following five years. Heightened concerns about energy and resource security, coupled with supply-chain resilience, have been exacerbated by extreme weather events and elevated inflation in numerous countries. Consequently, nations reliant on these minerals for the energy transition are taking proactive measures to secure their supply. Concurrently, there is a resurgence of resource nationalism, with key producing nations strategically positioning themselves to garner a greater share of value from their mineral reserves.