UKRENERGO REVIEW 17-24 November 2017
Autumn is actually over. Gloves and fur coats are again in the top-fashion list. Warm yourself with coffee, something yummy and the last energy news. This week Ukrenergo review is to tell you about:
1.Energy leaders. The International Energy Agency predicts that renewable energy willcomprise 40% of global power generation by 2040. An ambitious however a reasonable figure. The explosive growth of renewable energy has shaken up the energy industry over the last decade. Solar and wind generation costs are drastically reducing. In the next five years, the share of electricity generated by renewables worldwide is set to grow faster than any other source. Last week releasedits first “Energy 100 list”, which evaluates companies in the energy sector (both traditional and renewable) based on eight criteria, including innovation, environmental influence, social responsibility, and risk management. Hence, Business Insider presumes the top 13 renewable energy companies will become the leaders within all energy technologies and at least 40% of the world’s power will come from renewable sources by 2040. Top-spheres include solar panels, solar cells and biofuel. Besides, 8 out of 25 biggest “green” companies are based in China. Hong Kong and Taiwan. Hope, the Ukrainian innovative power companies will once as well be listed in the Thomson Reuters release.
2.Coffee busses in London . “Shell” in collaboration with «Bio-Bean» start-up are working on a project to turn coffee waste into a sustainable transport fuel. Every ton of waste coffee grounds recycled by means of the “bio-bean’s” technology saves up to 6.8 tons of CO2 emissions. The technology ensures an eco-friendly and energy-efficient ways of getting around the city. Let`s have a look at the statistics: on average, Londoners drink 2.3 cups of coffee a day and the capital produces more than 200,000 tonnes of coffee waste a year. This represents an opportunity as well as a solution.
But it needn’t stop there. In the near future bio-bean plan to turn their research towards versatile biodiesel production. If manufactured at an industrial scale, it could be perfect for transport use. And with each tonne capable of making up an impressive 200 liters of fuel, that’s enough to run a London bus for a whole day. Thus, Londoners have to drink about 2,55 mln cups of coffee per year or 7 thousand cups per day. Looks like a great solution to reduce waste especially owing the circular economy being approved on 2 December 2015 as a European dominating model tp develop the business-processes.
3.Electricity vs fighting poverty. The world’s least developed countries need access to electricity if they are to break out of poverty, according to a U.N. report that urges wealthy nations to do more to honor their aid commitments to help bridge the energy gap. The countries covered in the report include 33 in Africa, nine in Asia, and five in the South Pacific and Caribbean. The report says as well 60 percent of people in the world’s poorest countries have no access to electricity (577 million people in total). Access to stable supplies of electricity is crucial for helping businesses in developing countries grow. More than 40 percent of businesses in the countries covered in the report suffer from inadequate, unreliable and unaffordable power, said the report. They report an average of 10 power outages a month, each lasting about five hours. Mukhisa Kituyi, secretary-general of UNCTAD, told there was a shortfall of $1.5 trillion in funding to ensure the access to electricity supply. There is a shortfall of $1.5 trillion in funding to help meet the goal of universal access to power by 2030. Moreover, the U.N. is encouraging governments in those countries to adopt policies to attract investors and improve use of their energy resources. Quite a responsible attitude of the intenational community to the global problems.
4.New goals and global economy. The UK’s electricity network companies could deliver £1.7 billion of potential savings by 2031. That’s the verdict from the Energy Networks Association, which has outlined how innovative projects by local electricity Distribution Network Operators (DNOs) could deliver major savings by ensuring networks evolve to new demands in the most cost-efficient way possible. The following projects are being developed quite actively inside the Companies ensuring grid development due to the last requirements. This is essential as the firms move from their traditional role of distributing electricity to playing a more active role in managing local supply and demand as renewables, batteries and electric vehicles are connected to the grid. The ENA believes a joint roadmap is needed to address challenges and uncertainties facing the industry and how the benefits from these projects will be delivered. New DNO projects will actually serve both as the roadmap and the way to follow. The group also calls for action in areas where the innovation opportunity and priority is high including areas which will improve network visibility or controllability, ways to improve flexibility to maximize cyber security and data protection. Sophisticated collaboration leads to cost saving and grid development.
5.Challenge accepted. Challenge fulfilled. The world’s largest lithium-ion battery, which is being built in South Australia by Tesla to store renewable energy, is about to enter final testing. The premier, Jay Weatherill, said Elon Musk’s Tesla company finished installing the battery powerpacks at Jamestown. He said the 100-megawatt battery will now be energised and tested to ensure it meets all energy market and state government regulatory requirements. The battery would be up and running in time for summer to provide backup power and to help bring stability to the state’s electricity network. The project construction sends the clearest message that South Australia will be a leader in renewable energy with battery storage. Other elements of SA’s $530m energy plan include the installation of government-owned emergency generation and support for a solar thermal power plant at Port Augusta. The plan was launched after last year’s statewide blackout during severe storms and after a significant load-shedding event across Adelaide earlier this year The Tesla battery will be officially launched next week. Well, Elon Musk promised – Elon Musk did. Follow the news and let`s invite Musk to Ukraine.