Solar Energy

Bajada New Energy: Powering Homes and Businesses in Malta

By Salman Zafar | June 12, 2022 - 5:14 pm |April 15, 2023 Business, Energy Efficiency, Renewable Energy

About Bajada New Energy

Bajada has been providing renewable energy resources in Malta for almost 30 years. This homegrown company has built a reputation as a reliable supplier of solar heaters, ET solar panels, photovoltaic panels, wind turbines and so much more. The company started out by importing Australian solar water heaters from the Edwards brand and has since grown into a full-scale alternative energy supplier.

What makes Bajada New Energy unique?

Bajada is made up of a network of mechanical and electric engineers, civil engineers, architects, qualified installers and licensed electricians. As such, the company offers a comprehensive service which includes providing the product as well as the installation.

Bajada also boasts an impeccable track record. To date, they’ve installed over 12, 000 solar water heaters (and counting!) and 4 megawatts worth of Photovoltaic Systems.

They have decades of experience in the industry which is why they’re considered a leading supplier of renewable energy products and services in all of Malta.

Products

Bajada New Energy specializes in a wide array of alternative energy solutions, including:

PV Panels from some of the world’s leading brands. The PV system offered by Bajada includes a meter, an inverter, wiring, a support structure, solar panels and everything in between. It’s a complete system that doesn’t require you to purchase any separate “extras”.
Solar water heaters proudly made in Malta and can generate heat using the sun’s energy. These heaters can reduce your water heating bill by up to 80%!
Air conditioners: Thanks to solar powered air conditioning, keeping your office or home cool doesn’t have to cost an arm and a leg. This air conditioning system not only cools down the temperature but can purify the air as well.
Heating products from Bajada include underfloor heating, infrared heating mirrors and heated carpets, all eco-friendly and backed by a generous warranty.
Water filtration systems: Bajada offers water softeners, filter cans, and even a Dropson escaper which can soften salt water. There’s also a 5 & 7 Stage Reverse Osmosis Systems that sterilizes water for cooking, drinking and watering your plants.
Voltage optimizer: This device is designed to ensure that your appliances operate efficiently while preventing them from overheating. This means the Voltage optimizer can prolong the lifespan of your electrical appliances while reducing your home’s overall energy consumption.

It’s worth noting that each of Bajada’s products are available in a wide array of packages to suit different needs and budgets. They’re also backed by generous warranties and guaranteed installation by experienced professionals.

Benefits of Bajada New Energy

Bajada offers tailored solutions through a simple, three-step process that begins with a quotation request. Here, you’ll provide them with your details, preferred package and product brand.

Next, you’ll place an order and make installation arrangements. Lastly, Bajada will deliver and install your renewable energy system. It’s as easy as that!

The Verdict

Switching to renewable energy can seem daunting and incredibly intimidating. But, Bajada New Energy is committed to simplifying this process by providing energy efficient and cost-effective power solutions that are kind to the environment and light on your pocket.

They offer a one-stop-shop for all things alternative energy, not to mention innovative product packages.

It’s really easy to work with them and theirs is a complete service offering.

Is Solar The Next Big Thing For Cryptocurrency?

By Salman Zafar | May 29, 2022 - 3:52 pm |April 9, 2023 Cryptocurrency, Finance, Renewable Energy

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With Bitcoin going big, mining has become a costly and intense exercise. It takes a lot of computing power to validate the millions of transactions that happen on a daily basis. This is why environmentalists are down on Bitcoin as a viable mainstream currency. Mining Bitcoin uses the same electrical output as the entire country of Switzerland.

If Bitcoin is adopted by the masses as a legitimate currency, then there will need to be green hosting solutions and more servers working overtime to compute and complete the encryptions that are the backbone of the currency.

With climate change front and center in many concerned citizens’ minds, it stands to reason that Bitcoin and cryptocurrency in general would need to greenify if they stand a chance at growing.

In this article, we will go over what the future could mean for Bitcoin as it attempts to go green and use solar energy to power itself.

Lines between price and profit

A few years ago Bitcoin was generally stable in its value around $2,000 per coin. This meant that for miners to make a profit they needed to find a cheap way to power the servers to do the computing. Once these companies have mined the cryptocurrency they usually sell it onto the open market to be traded by investors who are looking to convert cash to Bitcoin.

Luckily for them, Bitcoin servers are rather portable in the sense that miners could set up shop anywhere in the world where the cost of energy was cheap.

Now that people are more concerned about the environmental cost of this mining it was not looking good for Bitcoin as a viable currency. At the time, renewable energy was more costly than fossil fuels so it would have cut massively into the profit margin and possibly even seen some losses.

Now, Bitcoin shattered the $20,000 mark per coin and at the same time, the cost of using solar and wind power has dropped dramatically. Suddenly, it is feasible to use solar-powered Bitcoin mining.

This could allow Bitcoin to be adopted by the masses and grow as a currency and still be the responsible thing for people concerned about the environment.

It can go anywhere

There are many places all over the world from deserts to regions around the Equator that get a lot of sunlight year round. And there isn’t much of an economy in those areas which makes it an ideal location for Bitcoin mining centers.

They can use solar farms to power the servers and keep costs low since there is no shortage of sunlight. The long days and cloudless skies makes the price per kW hour in those areas very cheap and can compete with fossil fuels.

Another benefit is that bringing cryptocurrency mining centers to those areas can lift the economy. There will be a lot of jobs in construction and maintenance where there was little possibility of work previously.

*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.

Global Trends in Solar Energy Sector

By Salman Zafar | May 6, 2022 - 1:18 pm |January 31, 2024 Electricity, Green, Renewable Energy

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Many countries around the world have switched to solar power in order to supplement or provide an alternative source of energy that is cheaper, more reliable and efficient, and friendly to the environment. Generally speaking, to convert solar energy to electricity, there are two kinds of technologies used by the solar power plants – the PV (photovoltaic) systems which use solar panels to convert sunlight directly into electricity, and the CSP (Concentrated Solar Power) that indirectly uses the solar thermal energy to produce electricity.

The solar PV systems, which are either placed in ground-mounted solar farms or on rooftops are considered cheaper than CSP and constitutes the majority of solar installations, while CSP and large-scale PV accounts for the majority of the general solar electricity-generation-capacity, across the globe.

Global Trends in Solar Energy

In 2017, solar photovoltaic capacity increased by 95 GW, with a 34% growth year-on-year of new installations. Cumulative installed capacity exceeded 401 GW by the end of the year, sufficient to supply 2.1 percent of the world’s total electricity consumption. This growth was dramatic, and scientists viewed it as a crucial way to meet the world’s commitments to climate change.

“In most countries around the world there is still huge potential to dramatically increase the amount of energy we’re able to get from solar. The only way to achieve this is through a combination of both governance and individual responsibility.” Alastair Kay, Editor at Green Business Watch

Both CSP and PV systems are an essential part of energy and infrastructure portfolio and experts claim that by 2050, solar power will become the greatest source of electricity in the whole world. To achieve this goal, the capacity of PV systems should grow up to 4600 gigawatts, of which 50% or more would come from India or China. To date, the capacity of solar power is about 310 gigawatts, a drastic increase on the 50 gigawatts of power installed in 2010.

The United Kingdom, followed by Germany and France led Europe in the 2016 general statistics for solar power growth with new solar installations of 29%, 21%, and 8.3% respectively. In early 2016, the amount of power across Europe was near 100 gigawatts but now stands at 105 gigawatts. This growth is regarded as slow and experts in the solar industry are calling upon the European Union to give more targets concerning the renewable source of energy. It is said that setting a target that is not less than 35% will revive the solar business in Europe.

Across the United States in places, such as Phoenix and Los Angeles, which are located in a sunny region, a common PV system can generate an average of 7500 kWh – similar to the electrical power in use in a typical US home.

In Africa, many nations especially those around the deserts such as Sahara receive a great deal of sunlight every day, creating an opportunity for the development of solar technology across the region. Distribution of PV systems is almost uniform in Africa with the majority of countries receiving about 2000 kWh/m2 in every year. A certain study shows that generating solar power in a facility covering about 0.3% of the area consisting of North Africa could provide all the energy needed by the European-Union.

Asia alone contributed to 66.66% of the global amount of solar power installed in 2016, with about 50% coming from China.

With these reports, it is clear that the development of solar energy technology is growing in each and every continent with just a few countries with little or no apparent growth.

The growth of solar power technology across every continent in the world is very fast and steady and in the near future, almost every country will have a history to tell about the numerous benefits of going solar. The adoption of solar power will help improve the development of other sectors of the economy, such as the electronics industry, hence creating a lot of employment opportunities.

5 Sustainable Blockchain Players To Pay Attention to in 2022

By Salman Zafar | April 17, 2022 - 7:42 pm |March 15, 2023 Cryptocurrency, Environment

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There are many blockchain players to keep an eye on this year, including Algorand. However, there are five, in particular, to really pay attention to. If you do, you’ll notice that sustainability is a common theme across some industry players.

1. Cardano

In regards to market cap, this is among the top five overall crypto projects. At the time of writing, it has one of the largest blockchains to actually utilize a proof-of-stake consensus mechanism with success. In fact, the energy usage Cardano goes through is likely just 0.01% compared to Bitcoin.

The market has a lot of appreciation for Cardano deploying social projects and environmentally-conscious operations. One example is the Cardano Forest run by the non-profit Cardano Foundation, as it has planted over a million trees. Cardano hopes to be an overall carbon-negative network.

2. Concordium

This Swiss blockchain is both proof-of-stake and eco-friendly. It employs distinct ID layers at a protocol level. This combination of privacy features and compliance makes the ID layer a crucial connection between the virtual blockchain world and the compliance with regulations that traditional businesses have to cater to.

A non-profit foundation supports it. It also has a science team internally researching sharding principles, consensus, and ZK proofs. This blockchain network is a simple one, but it also has cross-chain interoperability.

3. Energy Web Chain SolarCoin

This is a rather novel approach in regard to cryptocurrency. A SolarCoin is created for each Megawatt hour that is generated using solar technology.

The idea behind this blockchain is to reward those who produce solar energy. Solar plant owners have to submit third-party-verified certificates of their energy generation in order to claim their rewards.

4. Solana

Of all the digital currency in the current market, Solana might be growing faster than anyone. In fact, its support for smart contracts might make it a primary competitor to even Ethereum. This network is proof-of-stake. That means that Solana security is not reliant upon using energy. Estimates suggest that a Solana transaction uses less energy than a pair of Google searches. It might even be 20 times less energy than you use charging your phone.

The Solana Foundation is aiming for carbon neutrality in the very near future by partnering with Watershed for refrigerant destruction. This project aims to fund the permanent destruction of HFC and CFC refrigerants. Both greenhouse gases are more than 10,000 times as powerful as CO2. They’re doing this to offset the carbon footprint of the blockchain in the future.

5. Stellar

This decentralized protocol using open-source code has an inbuilt exchange to transfer digital currencies to actual fiat money. This can happen domestically or even over international borders. Their cryptocurrency is named the lumen. This blockchain forked off of Ripple and started in 2014 hoping to bridge the gap separating digital currencies and traditional financial institutions. Since this blockchain doesn’t rely on mining, its carbon footprint is lower than others.

Bottom Line

Many detractors or opponents of cryptocurrencies usually feature the same arguments, including lack of consumer protections, financial instability, and susceptibility to volatility. The amount of power used and the negative impact on the environment that mining and transactions take are other arguments, but these five players are doing what they can to change that.

How Do You Get a Solar Rebate?

By Salman Zafar | April 15, 2022 - 10:57 am |April 16, 2022 Finance, Renewable Energy, Solar Power

Frequently Asked Questions About Solar Rebates

Below you’ll find some of the most common questions about getting a solar rebate and how using solar energy can be beneficial in multiple ways:

How do tax credits work?

A tax credit is a dollar for dollar reduction in the total amount of income tax you owe. That means if you claim a 500$ federal tax credit, then your taxes will be reduced by 500$.

How do I get a federal solar tax credit?

You may be eligible for a solar tax credit in the following instances:

Your solar PV system was installed between January 1, 2006, and December 21, 2021
The solar PV system is located at your primary, or secondary residence, or apart of a community solar project
You own the solar PV system and it does not have a lease
The solar PV system is new or being used by you for the first time

Check brooklynsolarworks.com for more information about solar incentives, and using solar energy in your home.

What is the current federal solar tax credit?

The solar PV cell needs to have been installed by December 31, 2019, to receive a 30% credit. PV systems installed in 2020 will see a decrease in the credit to 26%.

When will the solar tax credit change?

The future of solar energy is influx over the next few years. For those systems installed in 2021, the credit will be decreased to 22% and the current solar tax rebate expires in 2022 unless the government decides to renew it.

What expenses does the solar tax credit cover?

The solar tax credit covers the following expenses:

Solar PV panels and cells used to provide power for an attic fan, but not the fan
Contractor fees for system installation including the preparation, assembly, permits, inspections, and developer costs
System accessories including the wiring, inverters, and mounting equipment
Sales taxes on eligible solar equipment and accessories
Energy storage devices charged exclusively by the solar PV panels

Can you claim a solar tax credit more than once?

The solar tax credit only applies to new equipment being installed. If the equipment has been claimed before, then it cannot be claimed again.

Are federal solar tax credits refunds?

The solar income tax credit does not issue a refund check when you file taxes online or by mail and instead is applied as a credit against the amount of taxes that you owe.

Do federal solar tax credits rollover?

Normally you’ll receive your federal tax credit in the following year after installation of your system, however, if you are unable to use the entire tax credit, then the rebate can be rolled over for up to five years.

How do I file the solar tax rebate?

You must complete IRS Form 5695 and attach it to your federal tax return to take advantage of the solar tax rebate and it will be applied the following year.

Do I have to be a homeowner to claim the solar rebate?

You don’t have to be a homeowner to apply for the tax credit. Tenants that contribute to the costs of an eligible solar system could apply for the tax credit. The tenant must be the owner or part-owner of the solar PV system.

Applications of Epoxy Resin in Clean Energy Sector

By Salman Zafar | April 9, 2022 - 10:41 am |April 9, 2022 Green, Industry, Renewable Energy

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Epoxy resin is a kind of reactive prepolymer and polymer that contains epoxide groups. It is important to note that epoxy resin is different from other polyester resins in terms of curing. Unlike other resins, instead of using a catalyst as a curing agent, it is cured by an agent known as the hardener. It possesses many desirable properties such as high tensile strength, high adhesive strength, high corrosion resistance, and excellent moisture & chemical resistance. It is also resistant to fatigue, has a long shelf life, and has good electrical and insulating properties. The ability of epoxy resins to be used in various combinations and reinforcements makes it the foundation of a plethora of industries, including clean energy systems.

Applications of Epoxy Resins

Because of the versatile properties of epoxy resins, it is used widely in adhesives, potting, encapsulating electronics, and printed circuit boards. It is also used in the form of matrices for composites in the aerospace industries. Epoxy composite laminates are commonly used for repairing both composite as well as steel structures in marine applications.

Due to its high reactivity, epoxy resin is preferred in repairing boats that have been damaged by impact. Its low shrinking properties and ease of fabrication make it well suited for many tooling applications such as metal-shaping molds, vacuum-forming molds, jigs, patterns etc.

Use of Epoxy Resins in Clean Energy

A variety of industries have been actively trying to find a path that’s moving towards a society that puts less load on the the environment and also contributes towards reducing the carbon footprint. The accelerated use of epoxy resins in generating renewable energy has lead to a rise in its production demand. This is why the epoxy resin market is projected to witness a high demand and growth rate by 2022. Here are some of the sectors contributing to the production of clean energy and how they utilize epoxy resin for their functioning:

Solar Energy

The harnessing of solar energy dates back to 700 B.C, when people used a magnifying glass to focus the sun’s rays to produce fire. Today solar power is a vigorously developing energy source around the globe. It not only caters to the rising energy requirements but also the need to protect the environment from the exploitation of exhaustible energy resources.

A piece of average solar equipment endures intense environmental conditions such as scorching heat, UV radiations, bitter cold, pouring rain, hail, storms, and turbulent winds. To withstand such conditions, the sealing and mounting application of epoxy resins increase the environmental tolerance of the solar equipment.

With their high mechanical strength, impressive dimensional stability and excellent adhesion properties, they are used to protect the solar panels from a wide range of temperatures. Epoxies are cheap, less labor-intensive and easy to apply.

Wind Energy

The global wind industry has quickly emerged as one of the largest sources of renewable energy around the world. The wind energy in the U.S. alone grew by 9% in 2017 and today is the largest source for generating clean energy in the country. With such a tremendous demand for wind power, the need for fabricating bigger and better wind turbine blades is also rising. The industry is in a dearth of long-lasting blades, that endure the harsh climatic conditions and wear tear and are able to collect more wind energy at a time.

Sealing and mounting application of epoxy resins increase the environmental tolerance of the solar equipment

Epoxy thermosets are used for making the blades more durable because of their high tensile strength and high creep resistance. Mixing of epoxy resins with various toughening agents and using them on the blades have shown positive results towards making the blades corrosion resistant and fatigue-proof.

Hydropower

Hydropower is an essential source of renewable and clean energy. As the hydropower industry is developing rapidly, the solution for protecting the hydropower concrete surfaces against low temperatures and lashing water flow has also been looked into.

As a solution to this issue, epoxy mortar, a mixture of epoxy resins, binder, solvent, mineral fillers, and some additives has proven to be the most effective material used for surface protection. Owing to the properties like non-permeability, adhesive strength, anti-erosive nature, and non-abrasiveness, epoxy mortar paste has been used as a repairing paste in the hydropower industry.

Over the last few decades, epoxy resins have contributed immensely in the maintenance and protection of clean energy sources, helping them to become more efficient and productive.

Final Thoughts

While many argue that factors like a relatively high cost when compared to petroleum-based resins and conventional cement-mortar alternatives has affected the epoxy resin market growth, the fact remains that epoxy resin never fails to deliver top-notch and unmatchable results in the areas of application.

What Are the Most Common Renewable Energy Sources?

By Salman Zafar | April 7, 2022 - 7:40 pm |April 7, 2022 Electricity, Renewable Energy

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Most of the energy that we use in today’s day and age is non-renewable. However, the concern about using these forms of energy is rising and people are now looking for more sustainable energy sources.

Renewable energy sources are more natural forms of energy, such as sunlight, wind, water, geothermal heat, and tides. Switching over to renewable sources of energy can reduce the use of the Earth’s limited resources, like fossil fuels (natural gas, coal, petroleum, and nuclear energy).

Currently, around 12.4% of energy in the United States comes from renewable sources. Because of this, fossil fuel reserves have been significantly depleted over the last few decades. Scientists suggest that within just a few decades, there will be no non-renewable sources of energy left.

However, with renewable energy sources, there is no limit. They won’t run out and they are inexhaustible.

Alongside their inexhaustibility, renewable energies have a second benefit in that they don’t produce greenhouse gases. This means that using these energy sources does not contribute to global warming or climate change.

What Are the Most Common Forms of Renewable Sources of Energy?

The most commonly used renewable energies include wind power, solar energy (photovoltaic and thermal), and the use of biomass (organic matter) for energy.

Let’s delve into each of these in a little more detail.

1. Wind Power

Wind is produced naturally as the Earth’s surface gets heated more in some areas than others. Wind energy can be harnessed by large wind turbines and converted into electricity to power homes across the country.

Wind power is the most commonly used and most widespread renewable energy source that is used in the modern-day. Large wind turbines can generate a large amount of electricity and require very little maintenance, making them sustainable and reliable.

2. Solar Energy

The sun’s energy production is massive and much of this energy reaches Earth through radiation. Solar energy can be split into two categories – photovoltaic and solar thermal. Each of these forms of solar energy uses the sun’s energy in slightly different ways.

Photovoltaic solar energy uses specialized solar cells that convert the energy from the sun into electricity. These cells can be used in solar panels, solar-powered electronic devices, and more.

Solar thermal energy uses the heat that is produced by the sun and converts it into a liquid that produces steam to generate electricity. This electricity can be supplied to homes across the country.

There are lots of great devices that can harness solar energy from the sun and are perfect to have in your home. For example, the EcoFlow Delta Pro 3600 is a portable power station that can be used to generate energy in your home and elsewhere to help you live more sustainably.

3. Biomass

Biomass power is being used in large-scale biomass projects. This form of renewable energy uses organic matter from animals and plants to provide energy.

A quick glance at popular biomass resources

Biomass sources may include:

Agricultural crops and waste
Wood waste, including firewood, lumber, and sawdust
Biogenic materials, such as paper, wool, and cotton
Animal waste

More Reasons To Check Out Alternative Energy Sources

By Salman Zafar | March 25, 2022 - 9:16 am |May 2, 2023 Environment, Green, Renewable Energy

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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. Don’t forget to obtain more information on the size of solar energy system you need for your home.

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. Many governments offer grants to help with this growth and rate or return.

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.