5 Renewable and Green Energies to look out for in 2020
Thomas Edison once said, “I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that”.
This is a quote from 1931.
It’s 2020, and the prophecy is likely to come true sooner than we thought. The predictions say that at current rates of production, the oil will run out in 53 years, natural gas in 54 years, and coal in 110 years. Even if the numbers prove to be inaccurate, we need to acknowledge that fossil fuel options are finite and are bound to run out.
Furthermore, the increased tendency of capital deployment into investments – which minimize negative impacts on the environment and society, acts as an additional factor accelerating the world’s adoption of renewable energies.
Therefore, TradeCloud would like to share five Renewable and Green Energy options with you to explore and trade.
It’s fuel sources that restore themselves and never diminish.
Such fuel sources include the Sun, wind, moving water, organic biomass, and the Earth’s heat. The electricity and gas produced are classified as Renewable and Green Energy. The potential for these energy options is immense, from reducing greenhouse gas emissions to making energy consumption more sustainable.
Being a backbone of global trade, the global marine freight industry is valued at approximately USD 210 billion in 2020 and estimated to be USD 1.3 trillion by 2023. Having said that, it is responsible for more than 3% CO2 emissions. To help reduce percentage, Marine Solar Powers could come handy.
The concept is pretty self-explanatory. The solar panels installed in ships would generate energy from the Sun. The demand is increasing, as maritime ships and commercial cruises is a growing industry that needs tremendous operating power. Ergo, investing in Marine Solar Power guarantees excellent returns.
Time to get a little more sciencey. Green Hydrogen uses clean electricity from renewable energy technologies to electrolyze water (H2O), separating the hydrogen atom within it from its molecular twin oxygen. It can be used as a fuel to generate electricity and heat and as a raw material in industrial processes and products.
Governments including Britain, Germany, Netherlands, and Japan are working on, or have announced, Green Hydrogen strategies while Australia has set aside USD 191 million to jumpstart Green Hydrogen projects. Today, hydrogen made from fossil fuels costs much less than Green hydrogen. However, increased demand could reduce the cost of electrolysis, making it affordable and competitive with Natural Gas and Coals.
Bio Energy is an answer to ‘What if your Form-Waste-To-Best project was an industry?’. Bio Energy is renewable energy made available from materials derived from biological sources. It may include wood waste, crop residues, manure, and by-products from a variety of agricultural processes.
Bio Energy technologies convert renewable biomass fuels into heat and electricity using processes like those used with fossil fuels. Bio Energy emits little or no greenhouse gas emissions and is carbon neutral. The carbon that is created by biomass is reabsorbed by the next crop of plants. Bio Energy crops help stabilize soils, improve soil fertility, reduces erosion, reduces the need for landfills.
As long as there is garbage, manure, and crops – there will be biomass to create Bio Energy. More investors are working closely to generate more Bio Energy and Renewable Natural Gas (RNG). In 2019, Bio Energy accounted for 40% of off-grid capacity. China accounted for half of all new capacity (+3.3 GW). Germany, Italy, Japan and Turkey also saw some expansions.
In 2019, the global Geothermal Capacity was 14 GW – that would roughly power up 1540 Million LEDs. The heat used for geothermal energy comes from deep within the Earth, at times all the way down to Earth’s core – where the temperatures reach over 9,000 °F (5,000 °C).
The low-temperature Geothermal Energy refers to the use of the outer crust of the Earth as a thermal battery for heating and cooling buildings, and other refrigeration and industrial uses. Geothermal Energy mainly flattens the electric demand curve eliminating the extreme summer and winter peak electric supply requirements.
The global Geothermal Energy market valued USD 4.6 billion in 2018. By 2026, it is projected to reach USD 6.8 billion – growing at a CAGR of 5.0%.
Renewable energy experts advise on Clean hybrid Energy systems. It’s a combination of wind turbines and solar panels. Such systems are efficient and secure, as wind and solar energy tend to be easily accessible and abundant.
The global Clean Hybrid Energy systems market is at a CAGR of 8% from 2019 to 2023. Several energy leaders – including General Electric, Schneider Electric, Shanghai Ghrepower Green Energy Co., and Siemens are actively investing in projects to meet the demand for Clean Hybrid Energy for commercial, domestic, and industrial usages.
Power-to-X technologies for energy conversion, storage, and reconversion are receiving great enthusiasm from both producers and consumers. Start-ups and emerging PtX technologies convert energy and Carbon Dioxide (CO2) into new products and materials used in several means and forms. The Swiss start-up Ineratec provides customizable applications of gas-to-liquid, power-to-gas, and power-to-liquid technologies.
Their gas-to-liquid process converts fossil fuel emissions and renewable methane-containing gases into synthetic hydrocarbons and fuels. Their power-to-gas system produces synthetic natural gas from regenerative hydrogen, carbon dioxide, as well as carbon monoxide. Additionally, their power-to-liquid solution converts renewable electricity and carbon dioxide into liquid fuels and other chemicals.
The possibilities are endless. And many creative, socially aware, and passionate minds are coming together to provide more means and resources to make the Energy sector as sustainable and eco-friendly as possible.
Take Electric Vehicles for example. Contrary to the myth about coal and fossil fuel usage, Electric Vehicles in the United States run on electricity generated from renewable energy or natural gas.
Additionally, 42% of electric car drivers in the US and Europe have home solar power. The global Electric Vehicle charging system market size was valued at USD 3.18 billion in 2018 and is projected to reach USD 66.27 billion by 2026, at a 45.6 percent CAGR from 2019 to 2026.
Bill Gates stated in his blog recently, “Switching to electric vehicles and alternative fuels are the most effective ways we can move toward zero emissions from the transportation sector. ” In addition to his USD 1 billion Breakthrough Energy Ventures’ (BEV) renewable portfolio – Bill Gates is backing a new venture which aims to turn sunlight into a source of heat exceeding 1,000C that could help replace fossil fuels.
Conclusively, acknowledging new possibilities and implementing cutting-edge technologies to achieve those provide a competitive advantage. Renewable energy sources, smart energy meters, energy-as-a-service solutions, and electrification of vehicles are bound to impact the energy sector in 2020 and beyond.
At TradeCloud, we consciously work towards including renewable and eco-friendly energy commodities options, like low-carbon fuel and Liquified Petroleum Gas (LPG). Let us help create a ecological market place that is green and sustainable.