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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ENERGY

Comcast Takes First Step Towards Carbon Neutrality with 250 MW Solar Deal

Comcast | April 01, 2022

On March 31, Comcast announced that it had agreed to buy 250 megawatts (MW) of solar electricity from Constellation, which will power about 13% of its U.S. operations and most of its Mid-Atlantic operations with clean, renewable energy. The agreement will fund the construction of Scout Clean Energy's Blue Sky Solar Project in Illinois, resulting in creating local jobs and the addition of clean energy to the United States' power grid. “Sourcing clean, renewable energy is the top priority for meeting our goal to be carbon neutral by 2035, This marks the first of many major green investments that are already underway or on the immediate horizon which demonstrate our commitment to sustainable, responsible business.” -Peter Kiriacoulacos, Executive Vice President and Chief Procurement Officer at Comcast. Comcast is committed to becoming carbon neutral by 2035 for Scope 1 and 2 emissions, or those it owns and controls, across its global operations. With purchased electricity accounting for most of these emissions, achieving this goal will require a focus on renewable energy. Comcast's renewable energy strategy will prioritize securing green tariffs, direct power purchase agreements (PPAs), and virtual power purchase agreements (PPAs) through contracts that add new renewable capacity to the grid. Additionally, it will include the development of onsite renewable energy capacity and the supplementation of electricity needs by purchasing clean energy projects or renewable energy certificates (RECs). “We commend Comcast on its carbon neutral commitment and are pleased that our offsite renewable solution will serve as a significant steppingstone toward achieving that goal, As our nation transitions to a clean energy future, Constellation is dedicated to offering the products, services and expertise that help our customers strategically manage their energy use and reduce their carbon footprints.” -Jim McHugh, Chief Commercial Officer, Constellation. Highlights of the Project Include the Following: Comcast will purchase 250 megawatts (MW) of carbon-free solar energy from the 300 megawatt Blue Sky project, accounting for a majority of the project's total output. Blue Sky is one of the most significant solar projects approved in the PJM power grid, which serves the Mid-Atlantic and portions of the Midwest in the United States, and Comcast is the project's sole customer. Comcast will be able to avoid nearly 360,000 metric tons of carbon dioxide emissions annually as a result of the agreement – the equivalent of avoiding the emissions produced by more than 65,000 homes for an entire year. The project will generate up to 400 construction jobs and 20 new long-term jobs in the community, and $36.3 million in tax revenue over the project's life, with $25.4 million going directly to local schools. By December 2024, Blue Sky is expected to begin commercial operations. In addition, Comcast has entered into a 15-year agreement with Constellation to purchase energy and renewable energy credits from Blue Sky as part of its retail electric supply contract beginning in 2025. “We are pleased to work with Comcast and Constellation to deliver carbon-free solar energy and invest $400 million into the local community, creating new sustained jobs and tax revenue for local schools, Comcast’s commitment made this possible.” -Michael Rucker, founder and CEO of Scout Clean Energy.

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SUSTAINABILITY

According to the IQAir World Air Quality Report, 97% of Global Cities Failed to Meet the Most Recent Who Air Quality Guidelines

IQAir | March 22, 2022

The 2021 World Air Quality Report finds that only three percent of cities and no single country met the latest World Health Organization's (WHO) PM2.5 annual air quality guideline. The report analyzes PM2.5 air pollution measurements from air monitoring stations in 6,475 cities in 117 countries, regions and territories. IQAir's 2021 World Air Quality Report is the first major global air quality report based on updated annual WHO air quality guideline for PM2.5. The new guideline was released in September 2021 and cut the existing annual PM2.5 guideline value from 10 µg/m3 to 5 µg/m3. Fine particle pollution, known as PM2.5, is commonly accepted to be the most harmful, widely monitored air pollutant and has been found to be a major contributing factor to health effects such as asthma, stroke, heart and lung diseases. PM2.5 leads to millions of premature deaths every year. Key Findings: In 2021, no country met the most recent WHO guideline for PM2.5 air quality. Only New Caledonia, the US Virgin Islands, and Puerto Rico met the new WHO PM2.5 air quality standard. Only 222 of the report's 6,475 global cities met the new WHO PM2.5 criteria. Annual PM2.5 values in 93 cities in the report exceeded ten times the WHO PM2.5 guideline. Only 12 (7%) of the 174 cities in Latin America and the Caribbean meet the WHO PM2.5 standard. Only one (1.5 percent) of 65 African cities met the new yearly WHO PM2.5 standard. Only four (0.2 percent) of 1,887 Asian cities met the new WHO PM2.5 guideline. Only 55 (3%) of Europe's 1,588 cities met the WHO PM2.5 limit. The analysis examined 2,406 localities in the United States and discovered that average PM2.5 concentrations increased from 9.6 g/m3 in 2020 to 10.3 g/m3 in 2021. Los Angeles was the most polluted large city in the United States. However, the city of angels reported a 6% reduction in PM2.5 pollution on a year-over-year basis in comparison to 2020. In 2021, the top five most polluted countries were: Bangladesh Chad Pakistan Tajikistan India For the second consecutive year, New Delhi (India) is the world's most polluted capital city, followed by Dhaka (Bangladesh), N'Djamena (Chad), Dushanbe (Tajikistan), and Muscat (Oman). In 2021, China's air quality continued to improve. Over half of the cities in China included in the research experienced a decrease in air pollution levels from the previous year. Pollution levels in Beijing's capital city maintained a nine-year trend of improving air quality, owing to emission controls and the shutdown of coal power plants and other high-emission businesses. In 2021, Central and South Asia had among of the world's worst air quality, with 47 of the world's 50 most polluted cities located there. Zhezqazghan and Chu were the only two cities that met the new WHO PM2.5 guideline (Kazakhstan). In Africa, South America, and the Middle East, air quality monitoring is scarce, despite improvements made by low-cost air quality sensors frequently run by non-profit organizations and citizen scientists. “It is a shocking fact that no major city or country is providing safe and healthy air to their citizens according to the latest World Health Organization air quality guideline, This report underscores just how much work remains to be done to ensure that everyone has safe, clean and healthy air to breathe. The time for action is now." -Frank Hammes, CEO of IQAir. "We understand better than ever before how air pollution damages our health and economies. This report is a wakeup call, revealing how people worldwide are denied access to clean air. Particulate matter air pollution is produced through burning fuels including coal, oil and fossil gas, unsustainable development, and agricultural activities. Addressing the air pollution crisis requires the development of renewable energy resources and clean-powered, accessible public transport. Moreover, solutions to air pollution are also solutions to the climate crisis. Breathing clean air should be a basic human right, not a privilege," - Greenpeace India Campaign manager Avinash Chanchal.

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SOLAR+STORAGE

Canadian Solar's CSI Solar and CATL Sign Battery Storage Strategic Cooperation Framework Agreement

Canadian Solar | November 26, 2021

Canadian Solar Inc. announced that its subsidiary CSI Solar signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co., Ltd., a global leader of new energy innovative technologies. According to the agreement, CSI Solar and CATL will establish a strategic partnership to cooperate holistically in the areas of battery storage system solutions, supply of lithium-ion battery modules, operation and maintenance services of battery storage projects, and innovative renewable energy technology. Tan Libin, CATL's Vice President, commented, "Global demand for battery storage is increasing dramatically under the backdrop of reaching net-zero emission goals. Our competitive advantage is on delivering highly innovative, efficient, competitive, and safe batteries across various applications, while Canadian Solar is an early mover and one of the key players in the global battery energy storage business. Our partnership with Canadian Solar is a perfect match and allows us to build on both our strengths." We are delighted to partner with CATL to support the rapid growth of our battery storage businesses. The partnership leverages CATL's innovative battery storage technology and our global reach and experience to provide best-in-class battery storage solutions to our customers. We now have a global battery storage pipeline of 21 GWh, including 2.9 GWh under construction. Our common goal is to use solar and battery storage technology to support a cleaner, smarter and more reliable global grid, and do our part in contributing to the acceleration of the clean energy transition." Dr. Shawn Qu, Chairman and CEO, Canadian Solar About CATL Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models. About Canadian Solar Inc. Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 63 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.2 GWp in over 20 countries across the world. Currently, the Company has around 430 MWp of solar projects in operation, nearly 7 GWp of projects under construction or in backlog (late-stage), and an additional 17 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006.

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