WELCOME TO The greenenergy REPORT
Can We Really Reach These Big Green Goals?
| October 8, 2019
Magma Energy Corp. is a geothermal power company which operates, develops, explores and acquires geothermal energy projects.
Article | February 21, 2020
Virtually all the world’s demand for electricity to run transport and to heat and cool homes and offices, as well as to provide the power demanded by industry, could be met by renewable energy by mid-century. This is the consensus of 47 peer-reviewed research papers from 13 independent groups with a total of 91 authors that have been brought together by Stanford University in California. Some of the papers take a broad sweep across the world, adding together the potential for each technology to see if individual countries or whole regions could survive on renewables.
With a global pandemic in full swing, climate change is no longer the main emergency hitting the news. As countries all over world have introduced social distancing and isolation restrictions to limit the spread of the virus, carbon emissions have dropped as non-essential sectors have ceased their usual activities and travel has reduced as people stay at home. One estimate indicates that greenhouse gas emissions in Europe will drop by a staggering 24.4% this year, which equates to 388.8 million tons less carbon. We have seen a global drop in carbon emissions before following the most recent major financial crisis, however we must not forget that this was quickly followed by a 6% increase in global emissions in 2010.
We are certain that everyone involved in renewable energy projects are thinking about the impact Covid-19 will have on your projects being planned, built or operated. The following blog is not to be used as a full guideline, but rather an overview of our perspective on the situation. With the global Covid-19 escalation, it is likely that both the developers and the OEM’s are thinking “what impact will Covid-19 have on the completion of my project” and “can I still meet my PPA deadline?’ The first question to consider is whether a delay caused by a Force Majeure event insurable? The short answer is that no, a delay in this scenario would not be covered. Insurance is about Physical Damage to the subject matter insured, which is the Works. An outbreak of Covid-19 is not a Physical Damage event.
Scientists and researchers around the world are increasingly turning to Artificial Intelligence (AI)and so called Robo-Scientists to help them discover everything from new anti-biotics and drugs, through to new spray-on solar panel materials and vaccines, so it shouldn’t come as much of a surprise that AI is now being used to help develop new battery tech. “In battery testing, you have to try a massive number of things, because the performance you get will vary drastically,” said Ermon, an assistant professor of computer science at MIT, referring to how scientists traditionally hunt for new battery breakthroughs, and who led the new project to use AI to help them develop new promising batteries for Electric Vehicles.
Keep me plugged in with the best
Join thousands of your peers and receive our weekly newsletter with the latest news, industry events, customer insights, and market intelligence.
Put your news, events, company, and promotional content in front of thousands of your peers and potential customers.
Not a member yet? Not a problem, Sign Up
Sign up to contribute and publish your news, events, brand, and content with the community for FREE