storage
The Future Of Energy
A new report by Bloomberg New Energy Finance takes a long-term look at the world’s energy production. According to the report, renewable energy, mostly in the form of solar and wind power, is set to provide close to 50% of the world’s energy by the year 2050.
Removing CO2 From The Air
A growing body of work is leading to the conclusion that it may be nearly impossible to prevent global temperatures from rising more than 1.5 degrees Celsius (or 2.7 degrees Fahrenheit) because we are simply not reducing emissions quickly enough. By some estimates, the current level of emissions will lock in that large a gain within the next few years. At that point, the only way to reverse the effects is to remove carbon dioxide from the atmosphere, where it otherwise will stay for hundreds to thousands of years.
Oman’s Rocks
There is growing interest in the idea of capturing and storing carbon dioxide. Reducing the amount of it we are putting into the atmosphere is essential for limiting the effects of climate change, but even eliminating emissions entirely is not enough because the CO2 already there stays in the atmosphere for decades or more.
New Energy Goals For New York
Since 2015, New York has had in place an energy plan aimed at building a clean, resilient and cost-effective energy system for the state. A key part of that plan is to reduce greenhouse gas emissions by 40% from 1990 levels by the year 2030. Another major goal is to have 50% of the state’s electricity produced from renewable sources by the same year.
A Milestone For Energy Storage
The United States has now added the capacity to store a billion watts of power for one hour and it may double that total by the end of this year. According to the firm GTM Research, the energy storage industry – previously nearly invisible – is undergoing rapid growth. Much of the growth has been in homes with products like the Tesla Powerwall but has also been on the scale of the electric grid, where power companies can use storage to control when to deploy excess electricity generated from renewable sources such as solar power.
Lots Of Credit For Carbon Capture
These days, the federal government has mostly turned its back on efforts to mitigate climate change or, for that matter, to even recognize its existence. However,the budget bill passed in February contained a major increase in the tax credit known as 45Q, which provides incentives to businesses to develop and utilize carbon capture, utilization and storage technologies.
Sunshine To Fuel
Hydrogen is touted to be the fuel of the future, particularly for cars. But a more acccurate view of it is that hydrogen is an energy storage medium. And the most promising form of energy to store using hydrogen is solar energy.
Major Investments In Solar Power
There is big money going into renewable energy and energy-smart technologies and half of that is going into solar power. In 2017, global investments in green energy reached $334 billion and $161 billion of that was in solar.
Renewable Energy Trends
There are major trends going on in the renewable energy world. Several will merit close attention this year.
Economics Of Solar And Wind Power
It is well-known that the cost of both solar and wind energy has been dropping dramatically in recent years. That trend is largely responsible for the rapid growth of both power sources. A recent study has revealed just how remarkable the economic progress has been.
An Ancient Way To Store Energy
Firebricks, which are bricks designed to withstand high heat, have been around for more than 3000 years. The Hittites used them to line iron-smelting kilns. They are simply bricks made from clays that can withstand much higher temperatures than ordinary bricks.
A Giant Solar Thermal Plant For Australia
A project planned for sunny South Australia will be the world’s largest single solar thermal power plant when it comes on line in 2020. The Aurora Solar Energy Project will have a capacity of 150 MW, which is enough to supply 90,000 people with electricity.
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