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Energy

DFC has awarded Lumos Global $35 million to facilitate the supply of renewable energy to Nigerians

DFC gave Lumos Global $35 million to enable the company to accelerate solar household installations throughout Nigeria. The US International Development Finance Corporation (DFC) hopes that Lumos can use the funds to ensure more homes access solar energy to activate the shift to renewables. Lumos Global hopes to deliver renewable energy to all Nigerian citizens both at the household and industry level.

The chief of Lumos Global, Alistar Gordon, stated that this program would enable various Nigerians living in remote areas without electricity to access it at low prices. Alistar expounded that renewable energy will open a supply chain to deploy health resources, food supplies, and create jobs for the residents. The DFC funding comes after Lumos securing similar financing to expand operations in Ivory Coast from the FMO. These two fundings will staple Lumos Global as the pioneer for solar home resource installation in this region.

The chief executive of Lumos Global explained to one media source that small-scale energy programs would not meet the demands of the residents. He retorted that macro grids would facilitate the quick delivery of renewable power to the general public even though it may take considerable time. Economic experts argue that venturing solar energy will minimize the cost of electricity and stir up economic growth. DFC has been pushing for the rapid development of solar systems to create more jobs for the residents and open up the slacking African economy.

DFC’s representative in Africa, Worku Gachou, reported that the deployment for electricity to the communities would help find alternative ways to curb the coronavirus pandemic’s spread. He added that the projections reveal helping Lumos Global would enable over one million Nigerians to have electricity in their homes at low prices. Nigerians are readily accepting the installation of solar systems in their homes due to this resource’s insufficiency. Experts think that the country will be a hub for solar and renewable energy utilities once they complete the pilot project by Lumos Global.

Additionally, the Nigerians’ ever-increasing population will put a lot of pressure on the available solar energy resources. This theory might be the new strategy compelling the solar companies to explore big countries, presuming the market will continue to grow. All electricity utilities are pushing for growth in their operations to access the new market with mega renewable energy deals. In conclusion, many Nigerians cannot afford solar installations considering they operate within a $2 budget daily. Nevertheless, people can pay for the installations in installments until they finish the price.

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Energy

Nautilus Solar Energy Partners with Pine Gate Renewables

Nautilus Solar Energy is a significant player in a circulated, generation, and collaborative lunar projects across North America. With its 14-years history, its team has formulated, acquired, and managed the investment of over $1.2 billion of investment into solar projects. The company announced the acquiring of two solar projects in Oregon and Rhode Island from Pine Gate Renewables, a major player in solar energy development in the United States, totaling to an estimated 17MW. Nautilus will drive each project to a conclusion as they are mid-way completed and will be mandated with the long-term site administration and upkeep services.

With its head office in Asheville, NC, Pine Gate Renewables has been in the energy sector’s front line. It has been focusing mainly on partnerships that would magnify its renewable energy mark in the nation. It aims to provide renewable energy to the local communities in the country via the development of projects, financing, building, and the conservation of the environment.

The 14MW Oregon portfolio encompasses five projects situated in four provinces in the Western region of Oregon and will mark the initial entry into Nautilus’s state. Qualified residential off-takers positioned inside Portland General Electric and the Pacific Power service will benefit from this project. Nautilus will provide energy to these areas at a cheaper cost, and it will further boost the attainment of Oregon’s general communal solar and renewable objectives. By 2021, one of the sites situated in Clackamas County will be operational as it has, by this time, acquired the first aptitude apportionment in the program.

A location in Rhode Island, with an output of 3MW, will create sufficient energy to power around 680 households in the national grid service territory. The project is projected to be functional by 2022. By acquiring the site, Nautilus has supplemented its obligation to provide green energy in Rhode Island and surge the institution’s solar production in the state to over 34MW.

Nautilus’s move came when the company had announced an expansion of a 13 MW range in Colorado on September 15th, 2020. The deal was done in conjunction with Pivot energy and significantly made this deal the firm’s initial partnership and its principal access in the state. With the new additions in Oregon and Colorado, Nautilus will be able to own and operate projects in a total of eleven states in the country.

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Energy

California is preparing for the implementation of the electric vehicle charging program worth millions

California expects the development of charging resources for electric vehicles in business centers, apartments, and in public corridors and streets in a project worth $28 million. This project is the first mega one for EV charging facilities, which the Community Choice Aggregation (CCA) agency has approved. 

This multimillion-dollar project’s rollout entails EV Ready developing over 3000 charging locations in San Mateo County before 2024. The project’s rollout in this county will enhance the accessibility of real estates and installation programs for EV charging points in these apartments. Additionally, the $4 million allocated for this project will cover the labor costs and other expenses aiding the program. 

The other amount for implementing this program comes from both the Peninsula Clean Energy and California Energy Commission (CEC). California Electric Vehicle Infrastructure Project (CALeVIP), which wings the CEC, is responsible for establishing regional programs that will facilitate the distribution of charging facilities to accelerate the uptake of electric vehicles in the state of California. 

Additionally, CaLeVIP’s strategy is to link up to four clean energy agencies in Silicon Valley, San Jose, and Palo Alto through incentivized fundings to enable the agencies to develop charging stations and points. This move will help clear the range anxiety among the California residents, accelerating electric vehicles’ uptake to exceed 40000. Additionally, this move maximizes the success of the zero-emissions strategy implemented by California state. 

In August, two automaker companies revealed their plan of expanding the coverage of electric vehicle charging infrastructure by developing over 2500 fast charging points before 2025. General Motors and Evgo are confident that this plan will maximize the uptake of electric cars and help wipe out the ICE cars to minimize carbon emissions. 

General Motors declared its intention of developing more fast charging points in cities and areas close to urban centers while working on electric vehicle batteries’ efficiency to cover long mileage ranges. EVgo added that their plan would help the residents access charging facilities without installing the charging systems in their rented apartments.

In conclusion, more automaker companies should join in developing charging points for electric vehicles if they hope to realize high-profit margins. Companies should not be intimidated by Tesla but instead, focus on improving their technology by doing more research. The transition to electric vehicles will help the US minimize air pollution through greenhouse gas emissions from the ICE cars. 

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Energy

Research and Development geared towards the transition to renewables

Many nations continue to hold discussions that draft initiatives aimed at addressing the effects of global warming. Significantly, the carbon emissions from various sectors that drive the economy of every nation. Corporations based in the United States are implementing multiple environmental policies, initiatives, and state government strategies that seek to encourage the transition from fossil fuels to renewable energy sources. Studies show that fossil-fuel-powered vehicles and coal-fired electricity generation facilities are major carbon emitters in the transportation and energy industry, respectively. 

Recently, representatives from BASF, a big-name chemical company, and Southern California Edison developed strategies to make tremendous efforts toward adopting renewable energy. This plan advocates for the quick transition from non-renewables such as oil, coal, and gasoline to renewable energy sources such as wind power, solar energy, etc. The respective corporations continue to implement efforts such as utilizing electric technology for their steam crackers. Moreover, the companies increased their number of procurements for the utilization of renewable energy. The officials from both BASF and Southern California Edison made a public announcement on September 21 during the New York City Climate Week event.

Pedro Pizarro, president and CEO of Edison International, said that the company serves a market population knowledgeable about climate change and its advanced effects such as severe drought and devastating wildfires. The Southern California Edison is an organization under the umbrella group of companies known as Edison International. Southern California Edison examined the goals set by the California state government for implementing the initiative for eliminating carbon emission by 2045. The analysis gave the company a layout of the strategies it needs to execute to assist the entire state economy according to the targets set to achieve zero-emission. 

Pizarro said that the company identified clean energy, such as renewables and their respective energy storage technologies are the most viable and cost-effective strategies to attain an emission-free economy by 2045. To begin with, more than 75 percent of vehicles for passengers must be electric cars. Secondly, at least 70 percent of buildings must utilize electric heating and heated water from solar energy. Finally, several sectors must implement a transition to hydrogen production processes that use renewable energy sources and facilities that use the carbon capture technology.

A recent study report conducted by Hitachi ABB Power Grids showed that there are downward-sloping curves for costs in achieving green-energy goals set by the state government, local authorities, energy utilities, and companies operating the energy industry. 

In conclusion, this decline in operational cost will boost the generation capability, to more than 60 percent by 2044, to construct wind power and solar energy projects implemented in North America. 

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Energy

Software is biting a huge chunk of the renewable power market

Utility service providers like Terabase Energy are pushing to reduce solar power prices before the lapse of the next five years. This energy startup company plans to integrate software and technological knowledge to facilitate the upgrade of its solar power plant operations. Terabase Energy has received $6 million to expand its solar software portfolio and other firms, including CityLight Capital, SJF Ventures, and Trancoso Partners. Terabase Energy’s head, Matt Campbell, reported that the affordability of solar hardware paradoxes the software cost of the projects that have been escalating.

SenseHawk, a solar energy portfolio that ensures customers can establish and run solar infrastructure, has obtained $5.1 million in its first financial help trip. This financial aid comes from Alpha Wave Foundation, which is an affiliate of Falcon Edge Capital. SenseHawk’s portfolio and software facilitate solar firms to minimize operational costs, improve proficiency and automate processes via artificial intelligence and machine languages. The program serves over 50 customers in 15 countries and will be expanding its operations to reach a capacity of 3000 GW global power activation by the end of this decade. The firm also offers consultation services for any company wishing to venture renewables. 

Elsewhere, Myst AI, an artificial intelligence portfolio, received $6 million in its financial allocation, which will widen its time projections for renewable energy projects. Myst AI will be utilizing these funds together with Valo Ventures and Gradient Ventures, who also offer similar services. The engineers at Myst work towards assessing the scope of climate change problems and recommending the efficient way to utilize renewables both on the grid level and at the households to counter climate change. The president of Myst, Pieter Verhoeven, explained that they focus on future projections to solve climate change problems amicably. 

Ubicquia, a smart energy utility provider, has won $30 million in this same appropriation. It intends to partner with Fuel Venture Capital and ClearSky to install streetlights that use renewable energy. Additionally, these lights magnified with video features will be run by an artificial intelligence program to ease traffic clearance and ensure public security. Ubicquia communication portfolio supplies public Wi-Fi at affordable subscription rates in addition to infrastructure monitoring connections for executives wishing to observe the performances of their businesses. 

In conclusion, Overstory acquired $1.7 million, which will notify the concerned agencies of wildfire risks and power blackouts using satellite imaging and climate data. This move will help conserve the environment and in the early preparation for natural calamities.

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Energy

New Zealand pledges full transition to zero-emission electricity by 2030

Decisive climate change strategy as Labour pledges to facilitate New Zealand’s 100% transition to renewable electricity by 2030. But realistically, the full implementation of the system faces inhibitors such as lack of effective policies to minimize emissions in sectors that produce more carbon emissions than the energy industry.

Labour’s pledge advances an initial target for full renewable electricity systems by 2035, involving the plan’s validation after the government evaluated the five-year budgetary allocation in 2025. The strategic plan focuses on reducing emissions in the energy industry, a tiny contributor to New Zealand’s emissions profile, while ignoring significant emitters such as the transportation industry, Agricultural sector, and industrial heat processes. 

Currently, 84 percent of renewables energy sources generate New Zealand’s electricity, but eliminating the remaining 16 percent requires diligence to attain the desired goals. A research study conducted by the Interim Climate Change Committee (ICCC) documented other cost-effective methods to minimize emissions. A report drafted from the research stated that a drastic shift to renewable electricity leads to sky-rocketing electric power prices. 

New Zealand’s electricity system is heavily dependent on hydroelectricity, which constitutes nearly 67 percent of its power supply. The country’s over-reliance implies that the power supply does not satisfy the market’s electricity demand during dry years or seasons with little rain. Concerning the power shortages during dry years, New Zealand operates a handful of fossil-fuel-powered electricity generation facilities because the station is unaffected by prevailing weather conditions. 

The ICCC stated that overcoming power shortages in dry seasons requires technological advancements such as pumped hydro schemes or a massive Telsa battery. The ICCC committee said the technical viability to attain total renewable electricity by developing renewable energy technologies such as wind and solar power to solve power shortages during dry seasons. Another recommendation is to enlarge battery storage capacities and rapid market demand response substantially. 

The ICCC anticipates a 93 percent renewable electricity system by 2035. The plan is to electrify the transportation and industrial heat processes, achieving the remaining 7 percent, to attain a fully zero-emission economy. Striving to reach a fully renewable electricity system by 2035 increases residential power pricing by 14 percent, retail electricity prices increase by 29 percent, and industrial power pricing increase by 39 percent. 

In summary, the admirable goal to achieve a zero-emission economy that runs totally on a renewable electricity system comes at a cost. The climate change strategy faces challenges that inhibit renewables’ rapid adoption from substituting fossil-fuel-powered facilities and industries. The challenges are either financial feasibility problems or implementation issues. 

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Energy

Lucid Air’s Electric Vehicle sets new standards in the motor industry

During an interview with Peter Rawlinson, the Chief Executive of Lucid Air, he stated that the company’s revolutionary electric vehicle technology seeks to rank their car as the best EV made globally. Rawlinson’s experience in the automobile design business comes from working on both the Lotus, United Kingdom’s legendary sports car, and the Tesla S. He said that the Lucid Air seeks to transform the motor business game-changer for the world’s future mobility.

In a statement to Arab News, Rawlinson announced that Lucid Air plans to scale-down their transformative car design in manufacturing affordable models. The company’s focus is to make a global impact by producing cars that accommodate all social classes, not just manufacturing luxury cars. The groundbreaking car technology originates from Saudi Arabia, a renowned international hub developing its conventional hydrocarbons. However, the growing electric vehicle industry threatens Saudi Arabia’s oil companies, and once the fossil-fuel-powered transportation is phased out, these corporations are at risk of shutting down.

Rawlinson attributes Lucid Air’s thriving success to the country’s Public Investment Fund (PIF), which owns a majority share after a $1 billion investment into the project back in 2018. Peter believes that the company’s launch is a significant take-off moment for the EV market. Next year, lucid Air plans to avail the car to the Middle East, following a scheduled premiere in the United States next spring. The transformative car technology’s remarkable qualities include higher performance, more comfort, and a more extended range than all-electric vehicles.

Lucid Air targets the luxury saloon customer segment currently dominated by German automakers such as Mercedes and BMW, pricing the car between $90,000 to $170,000 based on the car model and customer specifications. The company scheduled price reductions to begin after one year of operation. Rawlinson announced that Lucid Air aims to rival Tesla, the EV production prodigy, despite the preceding Tesla’s prospect. He said that the car designs available in the EV market need more effort to take it a notch higher.

Lucid Air plans to dominate the overly populated fossil-fuel-powered vehicle customer segment in Europe, as a strategy aimed at challenging Tesla’s supremacy in the world’s EV market. The $100 billion luxury car niche market offers excellent potential for the company. Rawlinson thinks gasoline-powered automakers such as Porsche and Audi are yet to achieve the range and car performance that Lucid attained with the Lucid Air.

To conclude, more EV automakers such as Lucid, that just launched the revolutionary car technology for Lucid Air, continue to open up great opportunities for the development and adoption of better electric vehicles. The future of mobility depends on the production of affordable EVs to enhance consumer uptake. 

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Energy

The feasible solution to electricity problems is building more solar and wind energy plants

Close to a decade ago, scientists came up with the concept of building many solar and wind energy farms to test their viability and reliability in resolving the problem of greenhouse gas emissions from using fossil fuels. These scientists from the University of Delaware (UD) and the Delaware Technical College came up with this concept after heated discussions on the advantages of transitioning to these energy sources and their similar challenges.

The scientists reported that solar and wind energy farms would replace 100 percent of the national grid energy based on 100 days annually. The increasing intensity of the sun radiations and winds sweeping through coasts is the basis of suggesting an increase in the number of projects dealing with this development. The scientists fully delved into this matter and came up with this rather radical idea of building more and more wind and solar energy plants with other fuel cells to diversify renewable energy sources.

The scientists piloted their project comparing the results with the periodical weather data measurement in a four-year plan. The pilot project found that supplying more electricity during the peak demand period was cheaper than storing it for usage when the demand arises.

In the past, the biggest challenge in the renewable energy industry was the cost of developing the facilities to tap the renewable and supplying it to households and businesses. Currently, the economy has developed and expanded to accommodate the pursuit of these renewables without crumbling. Additionally, it would be cheaper to achieve the set regulations on pollution by the Paris agreement than rigidly adhering to fossil fuel power plants’ use.

With the strict adherence to the zero-emissions plan, countries must purpose to fully maximize their potential of generating renewable energy to support the fight against environmental pollution. The coronavirus pandemic has opened people’s eyes to see the viability of renewable energy pursuit as a replacement for fossil fuels. Since the introduction of lockdown measures, people dumped their cars in garages minimizing the emissions from these ICEs. The people have witnessed a gradual increase in air quality and intend to keep this trend by replacing their cars with electrics that are not as emissive as the ICEs.

To sum up, the idea of overly investing in particular sources of energy would be viable if the government and its devolved units tried it out in phases, after which they can entirely switch to the most suitable energy source.

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Energy

Global Utility Corporations hesitate to go green

Hesitations of major energy corporations to go green continue to undermine efforts aimed at curbing climate change. Recently, Galina Alova from the University of Oxford conducted a study report that indicated about 10% of international energy utility corporations are developing their capacity for renewable energy faster than for gas and coal. A journal, Nature Energy, published the research findings from the study. The main finding showed that out of a sample of 3,000 utility companies studied, a huge percentage continued to depend heavily on fossil fuels. But for the utilities adopting alternative renewable energy resources, 60% still operate fossil energy portfolios. 

According to the report, the utility companies with the most sluggish transition are based outside Europe. Galina said that the utilities’ renewables-prioritizing agreement identified in the study consists of organizations with large-scale operations and great market shares in the countries they are set-up. Alova noted that most of the corporations continue to, side-by-side, develop their capacities for fossil fuel, although at slower rates. 

Galina’s research highlighted the missing link between the steps required to curb the crisis and the actions the utility sector took so far. Most of the hesitant corporations face a carbon lock-in because fossil fuels contribute to approximately 33% of every company’s energy capacity. Alova said that unless the companies decommission their fossil fuel facilities, a significant share in these portfolios faces permanent stagnation. She suspects that an increase in the electricity sector momentum is a major cause of the slow transition.

Approximately 10% of utilities advocate for gas-fired power facilities are from the United States, Russia, and Germany. Galina commented on the close relationship between renewable energy and natural gas, saying that most companies often select both hand-in-hand. Media news reporting huge investments in renewables tends to overshadow updates on funds going into natural gas development. Other reports consider natural gas as the transition fuel, attributing the fuel to the little carbon footprint that allows load-balancing services for the inconsistent generation of renewable energy. 

Dave Jones, the lead electricity analyst at Ember, concurred with Galina Alova’s research findings that indicate how energy companies’ misunderstanding of natural gas’s future continues to undermine the transition. Most corporations plan to construct huge centralized power facilities that use natural gas instead of coal. Jones said that wind and solar continue to provide accessible alternative sources of electricity. 

In summary, utility companies must promptly adopt the steps designed to tackle climate change, starting with the go-green initiative. An increase in fossil fuel use greatly raises the carbon emission levels, a hazard to the planet’s ozone layer. Without the ozone layer, Earth’s inhabitants are at risk of high solar radiation levels with devastating effects. 

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Energy

Indonesia requires 31,000 charging points to attain electric vehicle aims

Government-owned electricity hulk PLN projects that Indonesia requires over 31,000 fresh electric vehicle charging points by 2030 to attain government aims. Public as well as Private operators, require to invest $3.7 billion to set up 31,000 commercial charging points throughout a decade, as per the PLN’s station advancement road map.

More than a third of the points shall be situated in Jakarta, whereas the rest in cities, far east towards Makassar, South Sulawesi. Aside from gas points, such charging points shall be constructed at shopping malls, market areas, flats, among other areas with big parking spots. PLN tech deputy president Zainal Arifin stated on Tuesday, 1st of September that such points majorly provided to commercial are ever-on-the-go cars like taxis, buses as well as wired motorcycle taxis. Personal cars could re-charge while at home.

Zainal further added that the utmost effectual manner was charging throughout the entire night so that they could make that electricity less expensive. PLN’s path map, as well as the energy ministry’s regulation, tick two additional boxes on a list of guidelines, hoped to stand-in Electric Vehicles development in Southeast Asia’s biggest economy. The two bumf form upon Presidential Regulation No.55/2019 on Electric Vehicles.

The agency predicts more than 326,000 Electric Vehicles on the road between 2020 and 2025 that would reduce Indonesia’s dependence on oil. This product is massively imported at the expenditure of bulging the nation’s trade shortfall. As per the present traffic police information, there were 1,419 Electric Vehicles, 95% of which were motorbikes, in Greater Jakarta from last year in August.

The energy ministry’s fresh guidelines backup Electric vehicle maturity through regulating charging socket kinds and centralizing business license issuance for three-point kinds- battery replacement, commercial charging as well as reserved charging. Hendra Iswahyudi [regulation No.13/2020] from the ministry of electricity remarked that the law was consumer safety; hence the consumers had to be bestowed the choice. On the 1st of September, the ministry inducted the nation’s foremost constellation of battery replacement points for electric motorbikes. The points are maintained by start-up PT “EzyFast” Energi Pratama. The figure for battery replacing points in Indonesia is anticipated to get to 52,125 by 2030 to contain electric engines, as per the energy ministry and the corporation regarding the Assessment and Application of Technology [BPPT].

Nonetheless, Zainal and Hendra recognized that many tasks lingered like enlisting regulations over battery re-usage. Electric vehicles cost thrice above their fossil fuel-powered equals. In contrast, motorbikes cost 1.5 times more, as per research by a Jakarta-founded energy think tank, an Institute for Essential Services Reform.