How Renewable Energy Manufacturing Has Become More Efficient

The world knows renewable energy offers extensive, far-reaching benefits that can help mitigate climate change. If we want to make progress, we need to move away from fossil fuels permanently. That’s an issue where most people agree. It is now evident there is another argument for renewable energy besides sustainability. This option has become much more efficient, both production- and cost-wise. Let us explore how renewable energy manufacturing has become more efficient in recent years:

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Production Innovations Boost Effectiveness

Consider how renewable energy was received publicly 10 or 15 years ago. It wasn’t exactly an avenue that most individuals or businesses knew existed. There have been various challenges regarding implementation across America. Hurdles like government support and wide-spread education are examples.

That’s changed as more information has been released about how fossil fuels negatively affect our planet. It’s now evident that renewable energy prospects continue to grow annually — even during COVID-19. That’s largely due to how production methods have transformed over the past several years.

The renewable energy industry can now manufacture sources through smarter means. For example, we used to harness wind power from land-based turbines. Those opportunities have expanded as offshore capabilities are now more mainstream. This innovative progress has become applicable to other sources, too.

These new ideas are significantly responsible for how renewable energy has become more efficient. If we never changed our manufacturing processes, we couldn’t produce renewable energy on a large enough scale. There’s no denying that continuous innovations will make choices like solar, hydro and geothermal increasingly accessible.

As a result, we can enjoy more options as consumers. There’s also cost to consider — which unquestionably determines how efficiently people view renewable energy. They need to be even cheaper than fossil fuels.

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Costs Are Lower Than Ever Before

It is important to highlight how renewable energy has turned into an affordable alternative. This cost-efficiency will be necessary to help people choose renewable energy sources over fossil fuels. There are many reasons why prices for eco-friendly power have fallen.

1. Subsidies

The most significant components are subsidies. These government-backed incentives help manufacturers switch to alternative energy sources for less money. It’s also evident that options exist for individuals and businesses. People can access tax incentives to support their sustainable power pursuits financially.

2. Non-Profit Organizations

There’s also help from green non-profit organizations. Take GRID Alternatives Mid-Atlantic as an example. They provide free solar panel installation to households that can’t otherwise afford renewable energy. That’s a useful resource to help drive accessibility to these alternatives.

3. Investments

What about renewable energy investments? These endeavors are more prevalent than ever. If our country’s most influential figures put their money in renewable energy, we can expect to pay less for green power. Texas has the lowest energy costs in America — and they also use the most wind power. That’s not a coincidence.

These three points ensure that renewable energy becomes more affordable yearly. Various entities need to work together to ensure that sustainable options are accessible. They need to be more available than fossil fuels to ensure they catch on as alternatives.

Future of Renewable Energy Manufacturing

There’s a bright future for renewable energy. As a result of innovative and cost-effective manufacturing progress, Americans now have access to various eco-friendly power sources. If we can keep making strides regarding production, we should be able to create renewable energy on a far-reaching scale.

This process won’t happen overnight. It’s taken decades for renewable energy to be seen as even a viable alternative to harmful fossil fuels. But we’re in an ideal place right now. It shouldn’t be long before renewable energy becomes even more efficient. There’ll then be no excuse for people to keep using fossil fuels.

Biomethane from Food Waste: A Window of Opportunity

For most of the world, reusing our food waste is limited to a compost pile and a home garden. While this isn’t a bad thing – it can be a great way to provide natural fertilizer for our home-grown produce and flower beds – it is fairly limited in its execution. Biomethane from food waste is an interesting idea which can be implemented in communities notorious for generating food wastes on a massive scale. Infact, the European Union is looking for a new way to reuse the millions of tons of food waste that are produced ever year in its member countries – and biomethane could be the way to go.

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Bin2Grid

The Bin2Grid project is designed to make use of the 88 million tons of food waste that are produced in the European Union every year. For the past two years, the program has focused on collecting the food waste and unwanted or unsold produce, and converting it, first to biogas and then later to biomethane. This biomethane was used to supply fueling stations in the program’s pilot cities – Paris, Malaga, Zagreb and Skopje.

Biomethane could potentially replace fossil fuels, but how viable is it when so many people still have cars that run on gasoline?

The Benefits of Biomethane

Harvesting fossil fuels is naturally detrimental to the environment. The crude oil needs to be pulled from the earth, transported and processed before it can be used.  It is a finite resource and experts estimate that we will exhaust all of our oil, gas and coal deposits by 2088.

Biomethane, on the other hand, is a sustainable and renewable resource – there is a nearly endless supply of food waste across the globe and by converting it to biomethane, we could potentially eliminate our dependence on our ever-shrinking supply of fossil fuels. Some companies, like ABP Food Group, even have anaerobic digestion facilities to convert waste into heat, power and biomethane.

Neutral Waste

While it is true that biomethane still releases CO2 into the atmosphere while burned, it is a neutral kind of waste. Just hear us out. The biggest difference between burning fossil fuels and burning biomethane is that the CO2 that was trapped in fossil fuels was trapped there millions of years ago.  The CO2 in biomethane is just the CO2 that was trapped while the plants that make up the fuel were alive.

Biofuel in all its forms has a bit of a negative reputation – namely, farmers deforesting areas and removing trees that store and convert CO2 in favor of planting crops specifically for conversion into biofuel or biomethane. This is one way that anti-biofuel and pro-fossil fuel lobbyists argue against the implementation of these sort of biomethane projects – but they couldn’t be more wrong, especially with the use of food waste for conversion into useful and clean energy.

Using biogas is a great way to reduce your fuel costs as well as reuse materials that would otherwise be wasted or introduced into the environment. Upgrading biogas into biomethane isn’t possible at home at this point, but it could be in the future.

If the test cities in the European Union prove successful, biomethane made from food wastes could potentially change the way we think of fuel sources.  It could also provide alternative fuel sources for areas where fossil fuels are too expensive or unavailable. We’ve got our fingers crossed that it works out well – if for no other reason that it could help us get away from our dependence on finite fossil fuel resources.

Biomass Energy Scenario in Southeast Asia

There is immense potential of biomass energy in Southeast Asia due to plentiful supply of diverse forms of biomass wastes including agricultural residues, agro-industrial wastes, woody biomass, animal wastes, municipal solid waste, etc. Southeast Asia is a big producer of wood and agricultural products which, when processed in industries, produces large amounts of biomass residues.

The rapid economic growth and industrialization in Southeast Asian region is characterized by a significant gap between energy supply and demand. The energy demand in the region is expected to grow rapidly in the coming years which will have a profound impact on the global energy market. In addition, the region has many locations with high population density, which makes public health vulnerable to the pollution caused by fossil fuels.

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Another important rationale for transition from fossil-fuel-based energy systems to renewable ones arises out of observed and projected impacts of climate change. Due to the rising share of greenhouse gas emissions from Asia, it is imperative on all Asian countries to promote sustainable energy to significantly reduce GHGs emissions and foster sustainable energy trends. Rising proportion of greenhouse gas emissions is causing large-scale ecological degradation, particularly in coastal and forest ecosystems, which may further deteriorate environmental sustainability in the region.

The reliance on conventional energy sources can be substantially reduced as the Southeast Asian region is one of the leading producers of biomass resources in the world. Southeast Asia, with its abundant biomass resources, holds a strategic position in the global biomass energy atlas.

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Palm kernel shells is an abundant biomass resource in Southeast Asia

According to conservative estimates, the amount of biomass residues generated from sugar, rice and palm oil mills is more than 200-230 million tons per year which corresponds to cogeneration potential of 16-19 GW. Woody biomass is a good energy resource due to presence of large number of forests and wood processing industries in the region.

The prospects of biogas power generation are also high in the region due to the presence of well-established food processing, agricultural and dairy industries. Another important biomass resource is contributed by municipal solid wastes in heavily populated urban areas.

In addition, there are increasing efforts from the public and private sectors to develop biomass energy systems for efficient biofuel production, e.g. biodiesel and bioethanol. The rapid economic growth and industrialization in Southeast Asia has accelerated the drive to implement the latest biomass energy technologies in order to tap the unharnessed potential of biomass resources, thereby making a significant contribution to the regional energy mix.

How Green Financing is Changing the Renewable Energy Market?

Growing interest in renewables is rapidly changing how energy projects are financed in America and around the world.

One of the biggest shifts has been an influx in outside money into the industry in the form of “green financing” — bonds, loans and other assets earmarked for renewable energy projects around the world.

The rise of the green financing market shows how investors are starting to take renewables more seriously — and it could signal a major transformation of the renewable energy market over the next few years.

Green Finance

Green Financing May Accelerate Renewable Energy Projects

Green financing is a catch-all term for investment in financial vehicles related to renewables and other green industries. Assets, bonds and funds related to renewable energy and other green investments make up the green financing market. In recent years, a robust green financing market has become widely viewed as essential to accelerating the development of new renewable energy technology projects.

Green finance is growing fast. In 2012, the sustainable debt market — including “green” and sustainable bonds and loans — was worth only around $10 billion, according to data from BloombergNEF. In 2018, just six years later, the market was worth nearly $250 billion.

Most of these gains came in the form of new green bonds (sometimes also called “climate bonds”), which are fixed-income investments designed to raise money for new renewable energy projects.

The growth of green financing represents a slow but noticeable divestment away from fossil fuels.

The pivot may also represent a change in how businesses are structured. The growing popularity of bonds as an investment vehicle may enable community co-ops rather than corporations to become a more viable business model for renewable energy providers. For example, the Westmill Solar Cooperative in the United Kingdom has raised more than £6 million ($7.94 million) through bonds offered to investors.

While coil, oil and natural gas are likely to remain a good investment in the short-term, the strength of the green financing market does seem like a signal that, over the next 10 to 20 years, non-renewables will become less and less tempting for investors compared to renewable and sustainable investments.

How Green Financing May Change Energy Around the World?

As the green finance market grows, regulators are beginning to codify what counts as a green investment.

In the EU, for example, regulators recently debated whether plastics manufactured from entirely recycled materials could count as a “sustainable” investment under European finance laws.

These new definitions and regulations may determine which industries receive major funding and which are left out of the green financing boom.

Nuclear energy, for example, is generally not regarded as renewable energy, but is sometimes considered sustainable. Nuclear power plants generate waste, but they also produce zero emissions, unlike fossil fuel-fired power plants.

Natural gas is also not considered renewable or sustainable, as it is a fossil fuel and produces significant carbon emissions when burned for power. However, some proponents of the energy source argue that it should be considered sustainable, as it produces significantly less carbon dioxide than similar fossil fuels.

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In 2019, EU regulators reached a deadlock over whether or not nuclear and natural gas power plants should count as sustainable investments. In a final compromise, EU lawmakers ruled that both nuclear and natural gas projects were neither included nor excluded in the definition of sustainable by default. Instead, projects would need to prove that they “do no harm” on a case-by-case basis.

Similar rulings and legal challenges could shape the future of energy as governments around the world grapple with the challenge of shifting away from fossil fuels.

A Coming Sustainable Energy Revolution

The rise of the green finance market may change what alternative energy looks like around the world. Legal debates over what should count as “renewable” or “sustainable” may affect which projects receive funding, while bonds and loans may make community cooperatives that provide renewable energy more practical.

As fossil fuels become less attractive to investors and the renewable energy market grows, green financing is likely to have major impacts on the future of renewables.

More Reasons To Check Out Alternative Energy Sources

In recent years, the world has seen significant economic progress, which greatly relied on energy fueled by coal and petroleum among others. With the continuously growing demand for energy, it is a fact that these energy sources may be depleted in the near future. Apart from this, there are several other reasons why humankind already needs to find alternative energy sources.

Global Warming

It is a known fact that different manufacturing processes and human activities, such as using vehicles, cause pollution in the atmosphere by releasing carbon dioxide. Carbon dioxide traps heat in the earth, and this phenomenon is known as global warming. Global warming has several harmful impacts such as stronger and more frequent storms, as well as drought and heat waves. Renewable energy sources such as wind, solar, geothermal, hydroelectric, and biomass to name a few, all generate minimal global warming emissions.

Wind power, for instance, has the capability to supply energy with a significantly lower emission compared to burning coal for fuel. This is the reason why wind energy is more beneficial compared to carbon-intensive energy sources. Still, the emissions generated by wind power are even lower compared to other renewable energy sources such as solar, geothermal, and hydroelectric power sources. This makes a huge potential for wind power to sustain the world’s energy demands, while preserving the environment.

Public Health

It goes without saying that the pollution caused by burning coal and fuel not only has an environmental impact, but it also has a significant effect on public health. Various diseases and ailments can be attributed to pollution, which usually affects the respiratory tract. Contaminated water also causes various bacterial infections. Wind power, solar energy, and hydroelectric systems have the capability to generate electricity without emitting air pollutants.

Additionally, wind and solar energy sources do not need water to operate, thereby, eliminating the probability of polluting water resources. Clean air and water that is free from pollutants, will have a significant positive impact on public health.

Constant Energy Source

While coal and fossil fuels are on the threshold of depletion, renewable energy sources are inexhaustible. Wind can be a constant energy source and no matter how high the demand for energy will be, the wind will not be depleted. In the same manner, as long as the sun shines bright on earth, there will always be an abundant solar energy source.

Fast-moving water that can be translated into hydroelectric energy, the earth’s heat that can be converted into a geothermal power source, as well as abundant plant matter that can be used as biomass, can all be constantly replenished. These can never be fully exhausted no matter how great the energy demand will be. The utilization of a combination of each of these energy sources will prove to be even more beneficial. Additionally, with its continued use, there will no longer be a need for combustible energy sources.

Lower Energy Costs

The cost of electricity continues to be a burden on the earth’s greater population. The use of renewable energy sources to light up the earth is considerably cheaper and inexpensive compared to the cost of burning fossil fuels for electricity and other energy needs. Apart from a cheaper cost, renewable energy sources can help stabilize to cost of energy in the long run, with an unlimited supply being able to cater to greater demand.

While it cannot be denied that setting up clean energy technologies comes with a cost, it can be noted that the cost of its operation is significantly lower. Conversely, the cost of coal and fossil fuels for energy consumption fluctuates over a wide range and is greatly affected by the economic and political conditions of its country of origin.

Economic Benefits

Fossil fuel technologies, often, revolve around the capitalistic market. Hence, the use of combustible fuels is often linked to unfavorable labor conditions, and even child labor and slavery. On the other hand, the use of renewable energy sources provides decent jobs, contributing to several economic benefits and aids in decarbonizing the future.

For instance, workers are needed to install and maintain solar panels. In the same manner, wind farms employ technicians for maintenance. Thus, jobs are created directly in parallel with the unit of energy produced. This means that more jobs will be produced if more renewable energy sources are utilized.

Reliability

Clean energy sources, specifically wind and solar power, are less susceptible to large-scale failures. The reason behind this is that both wind and solar power both employ distributed and modular systems. This means that electricity will not be totally cut off in instances of extreme weather conditions because the energy sources powering up the electricity is spread out over a wider geographical area. In the same manner, there will still be a continuous supply of energy even if certain equipment in the entire system is damaged because clean fuel technologies are made up of modules such as a number of individual wind turbines or solar panels.

With all the reasons to check out alternative energy sources, it still holds true that there remain several barriers that hinder the full implementation of renewable energy technologies. Some of these challenges are capital costs because of reliability misconceptions, as well as a difficult market entry due to an unequal playing field.

Because renewable energy sources are cheap to operate, the bulk of the expenses in its implementation is building the technology. Thereby, the rate of return for capitalists and investors in the market entails a longer waiting period. Adding to this barrier is the hidden political agenda that most governments need to overcome.

Economic progress and advancement in technology are not at all bad. On the contrary, it has brought forth a lot of benefits such as cures for ailments and diseases, resources for deep-sea or space explorations, as well as meaningful collaboration and communication. However, this progress came with a price, and unfortunately, it’s the world’s energy resources that are on the brink of exhaustion. Hence, mitigation has been already necessary and finding alternative energy sources is just one of the probable solutions.