Blockchain Technology To Innovate In The Renewable Energy Market

Thecoinrepublic | January 05, 2020

The suggested idea focuses on simplifying the management and trading of clean energy using the blockchain network and the automation of energy control. The officially submitted abstract of the paper details the core mechanism as the forward selling of renewable energy generation using power delivery contracts. The offered blockchain-based forward selling is a transactive framework on the blockchain network wherein, a renewable energy generation source, such as wind or solar farm will directly sell a contracted claim to some of their future power output in the form of a non-fungible token (NFT). The end user’s electricity consumption will be counted against the realized clean energy generation levels, using flexible smart contract code within the system in near real-time.

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UK Energy in Brief aims to provide a summary of some of the key developments in the UK energy system: how energy is produced and used and the way in which energy use influences greenhouse gas emissions. It takes data from the main Department for Business, Energy and Industrial Strategy (BEIS) energy and climate change statistical publications, the Digest of UK Energy Statistics, Energy Trends, Energy Prices, Energy Consumption in the UK, the annual Fuel Poverty statistics report and statistical releases on emissions, and combines these with data produced by the Office for National Statistics and other Government Departments.

Spotlight

UK Energy in Brief aims to provide a summary of some of the key developments in the UK energy system: how energy is produced and used and the way in which energy use influences greenhouse gas emissions. It takes data from the main Department for Business, Energy and Industrial Strategy (BEIS) energy and climate change statistical publications, the Digest of UK Energy Statistics, Energy Trends, Energy Prices, Energy Consumption in the UK, the annual Fuel Poverty statistics report and statistical releases on emissions, and combines these with data produced by the Office for National Statistics and other Government Departments.

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STRATEGY AND BEST PRACTICES,INDUSTRY UPDATES

Stem Ranked #1 for Innovation in Renewable Energy and Battery Storage Optimization and Trading Platforms by Frost & Sullivan

Stem | November 04, 2022

Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced that Frost & Sullivan ranked Stem as the Leader in Innovation in the Frost Radar™: Digital Platforms for Renewable Energy and Battery Storage Optimization and Trading report. The report attributed Stem’s ranking to the combination of Athena, Stem’s clean energy optimization platform, PowerTrack, its industry-leading solar monitor and controls application, and the company’s expertise in front-of-the-meter (FTM) technology and optimization.“Stem is a notable pioneer in BTM analytics and asset optimization and leveraged its expertise, credibility, and AI platform, Athena, to enter the FTM market in 2019. Its cloud-native SaaS platform leverages AI and continuous machine learning with fully automated model selection to constantly improve the results of its optimization, forecasting and automated energy trading. Stem’s team of energy specialists supports the entire value chain and provides insights on how projects can capture more returns given market dynamics across jurisdictions. With a continued focus on product leadership and customer value, Stem is well positioned to continue consolidating its FTM market leadership position, reported Frost & Sullivan. Frost & Sullivan forecasts global grid-scale battery storage systems to expand rapidly in the coming years, reaching 260 gigawatts (GW) by 2030 at a compound annual growth rate of 34% from 2021. As the energy transition advances and power generation portfolios and market rules become more sophisticated, customers are expected to increasingly require machine-driven forecasting and optimization and trading algorithms to maximize revenues, reduce carbon impacts, and provide energy resilience. “Stem is honored to be recognized as an Innovation Leader by Frost & Sullivan, a leading global research and growth consulting firm — a testament to the decade of work Stem has invested in delivering optimized operational and economic value to our customers, With dozens of gigawatts of renewable energy assets under management in more than 50 countries worldwide, Stem has the expertise to continuously monitor evolving market needs and the data to translate that into value-added solutions for our customers’ clean energy assets and portfolios.” -Larsh Johnson, Chief Technology Officer at Stem. For the report, Frost & Sullivan independently evaluated Stem as a “market powerhouse” along with 10 other companies offering battery storage and renewable energy trading and optimization services. Per Frost & Sullivan, the companies evaluated exhibit a genuine commitment to decarbonization by unlocking the untapped value of battery storage and helping accelerate the energy transition. The report’s Innovation Index specifically measured a company’s ability to develop products, services, or solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets, and are aligned to customers’ changing needs. The report can be accessed at https://www.stem.com/frost-sullivan-radar-report/. About Stem Stem (NYSE: STEM) provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena®, enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.

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SOLAR+STORAGE,INDUSTRY UPDATES

Avantus and Allianz Capital Partners Announce Completion of Sale for Galloway 2 Solar Project

Avantus | November 07, 2022

Avantus (formerly 8minute) announced it has completed the sale of the 147-megawatt (MWdc) Galloway 2 Solar Project to Allianz Capital Partners, one of the Allianz Group's asset managers for alternative equity investments. Located in Concho County in Central Texas, Galloway 2 is expected to inject tens of millions of dollars into the local economy and, once operating, will provide enough affordable, reliable energy for 60,000 people.“Everyone – from large corporations and international investors to small business owners and local communities – is recognizing the benefits that solar energy can bring, said Dr. Tom Buttgenbach, Founder and CEO of Avantus. Projects like Galloway 2 are a critical demonstration that solar is an affordable, zero-carbon energy solution to strengthen the grid, showing our nation can prioritize and uplift our communities while meeting our climate commitments on the global stage. Galloway 2 will not only contribute clean energy to Texas’ grid, but it will also support good-paying jobs and increased economic benefits for Concho County and local public services. The project is expected to generate over $18 million in local property taxes, with more than half directly benefitting the Paint Rock Independent School District. Initial work began at the site in the late summer and is ramping to peak construction in the next few weeks, supporting over 250 jobs. Following the acquisition of the Lotus Solar Farm in 2019, this is the second transaction between Avantus and Allianz Global Investors. As part of the organization’s vision to become a clean energy major, Avantus is proud to work with investment partners like Allianz to rapidly scale clean energy projects at the accelerated rate needed to mitigate the worst impacts of climate change. “As one of the world’s largest infrastructure and renewable energy investors, we are thrilled to announce this transaction, which meaningfully advances our mission to accelerate renewables deployment globally,” -Daniel de Boer, Head of Renewables - Americas at Allianz Capital Partners. Avantus retains a minority stake in Galloway 2 and will continue to oversee procurement, construction and asset management. Avantus previously secured a long-term power purchase agreement (PPA) with EDF Energy Services, which is supplying the power to BASF under its commercial and industrial retail power business. “We are glad to work together with strong partners to secure renewable energy, adding to our energy mix at the site in Freeport, Texas, This project is an important contribution to our ambitious goal of achieving net-zero emissions by 2050.” -Brad Morrison, Senior Vice President and Site Manager for BASF in Freeport. RES is providing the Engineering, Procurement, and Construction services for Galloway 2. Construction financing was arranged by CIT. Tenaska led the tax equity investment for the project and Tenaska’s power marketing affiliate, Tenaska Power Services Co., will serve as the qualified scheduling entity when the project comes online in 2023. Galloway 2 is Avantus’ third greenfield-developed project to reach construction in Texas, where the company has already brought 600 MWdc of solar energy online. Spanning more than 90 utility-scale projects across Texas and the Southwest, Avantus’ development pipeline exceeds 50 gigawatts (GW) of system capacity, including 42 GW of solar and 78 gigawatt-hours (GWh) of energy storage. This portfolio represents over $70 billion in investments and is large enough to provide power for more than 30 million people, day and night. ABOUT AVANTUS Avantus is shaping the future by making reliable, accessible clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing the nation’s largest solar cluster and the first plant to beat fossil fuel prices. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing 30 million people with low-cost, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us. ABOUT ALLIANZ CAPITAL PARTNERS Allianz Capital Partners is one of the Allianz Group's asset managers for alternative equity investments and part of Allianz Global Investors. Allianz Capital Partners manages over 56 billion euros in alternative assets for the Allianz Group and third-party investors*. Our investment focus is on private equity, infrastructure and renewable energy. Our investment strategy aims to generate attractive, long-term and stable returns for our clients. *Data as of June 30, 2022

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TRANSPORTATION

Bird Publishes Independent Vehicle Life Cycle Analysis, Setting a New Standard for Emissions Reporting Quality

Bird Global, Inc. | October 06, 2022

Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, announced a major micromobility milestone as the company is set to become the first operator to achieve an ISO-critically reviewed vehicle Life Cycle Analysis (LCA), prompting a new industry standard and enabling reliable comparisons across European modes and vehicles. Bird’s cradle-to-grave LCA report confirms that the Bird Three, the company’s latest and most sustainable vehicle, has a lifespan of up to five years after refurbishment and is among the most climate-friendly vehicles on the road in European cities – including other shared modes and public transport. Travelers in European cities who take a Bird Three account for on average approximately 21% less greenhouse gas emissions per kilometer than taking the metro, 77% less than driving a gas-powered car, and 87% less than taking a ride-hail car1. The LCA emissions model was reviewed and documented by Ramboll, an independent Denmark-based engineering and consulting company, specializing in sustainability and corporate responsibility. The LCA is being critically reviewed by EarthShift Global, a third-party ISO expert, to ensure that the methods, data and analysis are consistent with ISO standards for LCA.2 Bird’s LCA is also one of the industry’s first aligned with the New Urban Mobility Alliance’s (NUMO) forthcoming LCA guide for cities. Manufacturing and assembly of Bird’s electric scooters is included within the LCA along with additional manufacturing of components for replacements, transportation of vehicles to target European cities, charging and fleet management and scooters’ disposal at end-of-life. Conservatively, the LCA takes no credit for Bird’s renewable energy credits, carbon offsets, or robust program of end-of-life recycling. The hardware and software powering Bird Three have been expertly crafted to create the most eco-conscious shared escooter available with best-in-class durability. Features include Aerospace-grade aluminum and the Bird Three’s proprietary battery system which travels farther on fewer charges, with industry leading IP68-rated battery protection to keep it safe from dust and water. The vehicle also boasts independently tested and verified impact resistance; pneumatic tyres and smart acceleration technology to reduce wear and tear. “Bird’s LCA sets a new industry standard for emissions reporting quality, enabling reliable comparisons across European modes and vehicles, and helping Bird to identify and reduce emissions wherever possible, Not only does this work further demonstrate our commitment towards the planet, but is a call to action for all other operators to follow the same standard so that together, we can address misconceptions around vehicle lifecycles and educate our city stakeholders with the information they need to make informed decisions when selecting a responsible micromobilty partner.” -Shane Torchiana, CEO, Bird By following expert recommendations and best-practice methods for their LCA, Bird is demonstrating leadership in their commitment to rigorous, transparent greenhouse gas emissions reporting, which will enable city governments to make more informed decisions and – if widely adopted – enable emissions reductions across the micromobility sector,” Leah Lazer, Research Associate, New Urban Mobility alliance (NUMO), World Resources Institute. About Bird Bird is an electric vehicle company dedicated to bringing affordable, environmentally-friendly transportation solutions such as e-scooters and e-bikes to communities across the world. Founded in 2017 by transportation pioneer Travis VanderZanden, Bird is rapidly expanding. Today, it provides fleets of shared micro-electric vehicles to riders in more than 450 cities globally and makes its products available for purchase at www.bird.co and also via leading retailers and distribution partners. Bird partners closely with the cities in which it operates to provide a reliable and affordable transportation option for people who live and work there. Emission rates for Bird scooters: Ramboll Consulting. "Bird Life Cycle Assessment of Transportation Using Bird’s Electric Scooters." October 2022. Emission rates for other modes: Pierpaolo Cazzola and Philippe Crist. "Good to Go: Assessing the Environmental Performance of New Mobility." Life Cycle Assessment model, specified to EU28 countries. International Transport Forum (ITF). Paris, September 2020. https://www.itf-oecd.org/sites/default/files/life-cycle-assessment-calculations-2020.xlsx Comparisons across modes are directionally indicative, but not exact, as the analysis combines data from two studies. ISO is the International Organization for Standardization based in Geneva. ISO standards define the highest quality business practices -- whether for quality assurance, sustainability, risk management, governance, or other topics. ISO standards are agreed by committees of international experts. Alignment with ISO standards is not reviewed by the ISO itself, but by expert reviewers who evaluate compliance with the applicable standard. In this case, Bird’s LCA was completed independently in compliance with ISO standards by Ramboll Consulting.

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