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Developing Countries Invest More in Renewable Energy
DYFED LOESCHE | April 11, 2018
Fenix International is a next-generation energy and financial services company with a mission to transform our customers’ quality of life through disruptive innovation in energy and financial services.
Article | April 9, 2020
Artificial Intelligence, or AI, has gained relevance in many different fields of our life, using machine learning to analyse historical and new data in order to make predictions, improve control operation and perform tasks much faster than a human and with more efficiency. The energy sector is using AI to increase energy efficiency by reducing consumption, improving energy storage and grid stability, making predictions about energy consumption, to have more accuracy to find oil & gas and many other applications. When it comes to renewable sources, AI is improving the weather forecasts for the development of new plants and to make better planning of control & maintenance. Let’s take a look in some projects and how they are affecting the energy sector.
Article | February 17, 2020
Many discussions abound on how Australia can reach renewable energy targets of 50 per cent and much more. Many experts believe achieving this goal will depend on the availability of a low cost, bulk energy storage infrastructure. Pumped hydro has received much attention in this regard. While technically feasible, bulk storage still requires transmission and distribution infrastructure that is not only costly but will take considerable time to implement. A far simpler and cost effective route is the bottom-up approach of turning each house into an autonomous energy unit. The use of solar panels in homes and small industry has proven to be remarkably successful.
Article | March 12, 2020
Both renewable power projects and conventional energy operations have felt the constriction of global supply chains, which are currently being limited in a global effort to fight and contain the spread of the virus. Many manufacturers of wind turbines and their critical components are based in Asia, such as Goldwind in China, as well as producers of photovoltaic panels and batteries (particularly lithium). Market reticence about bringing in products from affected areas has seen significant constriction in the importation of these materials and parts - the price of batteries has dropped by 60%, owing to the industry’s concentration in Asia.
Article | March 23, 2020
The various impacts are occurring both now and into the future. Most changes don’t bode well for acting on climate change and transitioning to cleaner energy. Global carbon dioxide emissions are likely to drop this year, due to the global economy faltering. That’s not a silver lining to the novel coronavirus. It’s like a person who loses weight while sick. It’s a byproduct of a bad situation and by definition should and will not last. Indeed, since the Industrial Revolution, the world’s emissions have not gone down except briefly during economic crises. These incidents merely show how difficult it is to reduce emissions in an economically sustainable way.
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