Uncover Italy’s greenest campus and the way it’s saving cash and vitality

With over 200 hectares, the University of Calabria, also known as UNICAL, is the largest campus in Italy and one of the greenest in Europe.

Around 30,000 students are enrolled at the university, including a thousand foreign students.

In terms of organization, it offers everything a modern university needs: green spaces, study areas, classrooms, laboratories and a new green electricity system.

In recent years the university has changed the way energy is produced and consumed. It has combined geothermal, photovoltaic and solar energy generation methods to create a greener and cleaner campus. It also saves you more than half a million euros in energy costs every year.

Nicola Leone, dean of the university, tells us that “building a state-of-the-art campus in Calabria was a huge challenge”. In his opinion, it is “one of the poorest regions in Europe” and does not have many resources. But the university was able to draw on funds from the European Commission.

The total budget for this energy transition was 18 million euros, 75% of which was financed from European Cohesion Policy funds.

On the campus, 96 cube-shaped buildings are connected by a central bridge. These buildings are illuminated by an intelligent system of LED lamps that can be controlled remotely. There are 33,000 of them. This system alone drastically reduces CO2 emissions.

In addition, the university uses energy from the earth with the help of a geothermal system and energy from the sun with solar and photovoltaic systems. The role of the energy manager is essential on a green campus. It’s more than just measuring temperatures.

Vittorio Ferraro, energy manager at the university, explains that the photovoltaic system installed across the bridge has enabled the campus to reduce carbon dioxide emissions by around 900 tons per year. The LED system has also reduced emissions by approx. 800 tons per year and the geothermal heat pumps by approx. 90 tons per year.

Ecology is very important on campus. Motion detectors turn the lights on and off in classrooms to avoid wasting energy. The middle bridge, which is almost two kilometers long, can only be crossed by bike or on foot.

The students particularly appreciate that the university applies what they have learned in class. Valentina, student of energy technology, says: “Even for those who live on the outskirts, it is like arriving in another city. It’s not just about discovering the green campus, but also learning that small gestures can have a big impact on the environment “.

Not only is UNICAL a world class education center with diverse science and research programs, but it’s also a great example of campuses around the world and how they too can go green.

Cash Makes the Energy and Power Sectors Go ‘Spherical

Wer das Musical „Cabaret“ gesehen hat, weiß, dass „Geld die Welt regiert“ auf vielfältige Weise. Auch wenn es den Strom- und Energiesektor nicht wirklich zum Laufen bringt, bringt Geld aber dazu, dass Anlagen und andere Projekte gebaut werden. Wo fließt also heutzutage Geld in die Branche?

Bei der Suche nach Antworten auf schwierige Fragen lohnt es sich oft, sich an den Satz „Folge dem Geld“ zu erinnern. In der Energiewirtschaft wird viel Geld ausgegeben, daher kann es schwierig sein, alles zu verfolgen. Fast täglich veröffentlichen Analysten neue Finanzprognosen für den einen oder anderen energiebezogenen Sektor. Viele sagen ein endloses Wachstum bei Wind- und Solarenergie und anhaltende Kämpfe um den Kohle- und Kernkraftsektor voraus (Abbildung 1).

1. Die wirtschaftliche Wettbewerbsfähigkeit der Erzeugungstechnologien bei den Stromerzeugungstechnologien begünstigt Gas- und Dampfturbinen (GuD), Wind- und Photovoltaik (PV) gegenüber Kohle und Kernkraft für Kraftwerke, die im Jahr 2026 ans Netz gehen vertikale Achse und Stromgestehungskosten (LCOE) auf der horizontalen Achse gemäß den Referenzfallprojektionen des Annual Energy Outlook 2021. Quelle: US Energy Information Administration

Das Zeitalter der „grünen Finanzen“

Ein starker Wind wehte in die sprichwörtlichen Segel der Energie- und Energiebranche, als Präsident Biden seinen 2 Billionen Dollar schweren American Jobs Plan einführte, ein Programm, das darauf abzielte, „Millionen guter Arbeitsplätze zu schaffen, die Infrastruktur unseres Landes wieder aufzubauen und die Vereinigten Staaten in die Lage zu versetzen, China zu übertreffen“. .“ Unter anderem ist das Ziel, bis 2035 100 % CO2-freien Strom zu produzieren stehen, um groß einzukassieren.

„Der Sprint hin zu Netto-Null-Emissionszielen und die daraus resultierende Notwendigkeit, das Energienetz zu dekarbonisieren, macht Power & Energy zu einer der attraktivsten Branchen für Investitionen sowie Fusionen und Übernahmen. Um die globalen Dekarbonisierungsziele zu erreichen, müssen die Strom- und Energiequellen von fossilen Brennstoffen umsteigen. Daher sehen wir einen drastischen Rückgang der kapitaljagenden Projekte für fossile Brennstoffe und einen exponentiellen Anstieg der Investitionen in erneuerbare und saubere Energieerzeugung“, Michael Castellarin, Managing Director bei Clairvest, eine Private-Equity-Verwaltungsgesellschaft mit Sitz in Toronto, Kanada, sagte POWER.

Castellarin stellte fest, dass SPACs (Special Purpose Acquisition Companies) die neueste Finanzierungsquelle für Unternehmen im Bereich saubere Energie sind. SPACs sind Briefkastenfirmen, die an einer Börse notieren und versuchen, private Unternehmen zu erwerben und an die Börse zu bringen. Das Wall Street Journal berichtete am 22. Mai, dass SPACs seit März 2020 etwa 35 Geschäfte im Wert von fast 95 Milliarden US-Dollar mit Unternehmen im Bereich saubere Energie abgeschlossen haben.

Aber auch große Unternehmen und kapitale Investoren sind stark in den neuen Trend „Green Finance“ involviert. „Um es ins rechte Licht zu rücken, erreichten die Vermögenswerte in umweltorientierten Investmentfonds im ersten Quartal 2021 weltweit fast 2 Billionen US-Dollar, was sich in drei Jahren mehr als verdreifacht hat“, sagte Castellarin.

Fossil befeuerte Projekte

In einem am 25. Mai veröffentlichten Bericht Fitch Ratings, ein Anbieter von Kreditbewertungen, Kommentaren und Recherchen, stimmte zu, dass Private-Equity-Deals bei Solar- und Windprojekten an Umfang gewinnen. Dennoch sagte das Unternehmen, dass die Private-Equity-Finanzierung fossiler Brennstoffe in den letzten zehn Jahren die von erneuerbaren Energien in den Schatten gestellt hat.

Zumindest einige der Geschäfte wurden durch den Druck von aktivistischen Investoren auf öffentliche Unternehmen und Finanzinstitute getrieben, die wollen, dass sie Vermögenswerte aus fossilen Brennstoffen veräußern. Private Unternehmen und Private-Equity-Firmen sind diesen Trends weniger ausgesetzt, heißt es in dem Bericht, aber sie sind nicht vollständig isoliert, und viele institutionelle Kommanditinvestoren drängen auf eine stärkere Übernahme von Umwelt-, Sozial- und Governance-Prinzipien (ESG) in Anlagepraktiken.

„Es gibt einen wachsenden Trend hin zu börsennotierten Unternehmen oder Investoren, die sich dafür entscheiden, sich von fossilen Brennstoffen oder kohlenstoffintensiven Vermögenswerten zu trennen. Vergleichsweise wenig liegt der Fokus darauf, wer diese Vermögenswerte kauft – Private Equity und staatliche Unternehmen werden im Allgemeinen weniger Anreize haben, Emissionen zu reduzieren als ihre öffentlichen Pendants“, sagte David McNeil, Direktor bei Fitch Ratings, in dem Bericht.

Analyse von Forschern der Universität Oxford fanden heraus, dass Finanzinstitute das Risiko von erneuerbaren Projekten verringern und die Risikoeinstufungen von Kohleprojekten erhöhen, gemessen an den Veränderungen der Kreditspreads in den letzten 20 Jahren. Kreditspreads sind der Zinssatz, der von Banken berechnet wird, um das Risiko des Unternehmens oder Projekts, an das verliehen wird, widerzuspiegeln. Banken wenden bei riskanteren Krediten einen höheren Spread an, da die Wahrscheinlichkeit größer ist, dass der Kreditnehmer ausfällt und diese nicht zurückzahlt. Daher zeigt eine Verringerung der Kreditspreads eine Erhöhung der Kreditwürdigkeit, was die Kosten für Unternehmen verringert, ihren Betrieb zu finanzieren oder in neue Projekte zu investieren.

Die Oxford-Akademiker verglichen Daten von 2007–2010 mit Daten von 2017–2020 und stellten fest, dass die Kreditspreads für Onshore-Windprojekte um durchschnittlich 12 % sanken, während die Kreditspreads für Offshore-Windenergie um 24 % sanken. Sie sagten, dass sich der Rückgang seit 2015 beschleunigt habe, da der Einsatz erneuerbarer Energien zugenommen habe, wobei die Finanzierungskosten für Photovoltaik, Onshore- und Offshore-Wind um 20 %, 15 % bzw. 33 % gesunken sind (im Vergleich von 2010–2014 mit 2015–2020). .

Im Gegensatz zu erneuerbaren Energien haben Kohlekraftwerke im Vergleich von 2007–2010 mit 2017–2020 einen Anstieg der Kreditspreads um 38 % verzeichnet. Dieser Trend hält an, wenn man 2000–2010 mit 2011–2020 vergleicht, wobei die Kreditspreads um 56 % zunehmen. Auch die Kreditspreads für Gaskraftwerke sind gestiegen, aber zuletzt in geringerem Maße als bei Kohle. Die Kreditspreads für Gasprojekte stiegen im Vergleich von 2000–2010 mit 2011–2020 um 68 %, stiegen jedoch im letzten Jahrzehnt nur um 7 % (im Vergleich von 2007–2010 mit 2017–2020).

Glänzende Zukunft für Beratungs- und Ingenieurbüros

Ein weiterer Bereich, in dem Clairvest vielversprechend sieht, sind Beratungs- und Ingenieurbüros, insbesondere solche, die eine starke Praxis haben, die sich auf die sich ändernden Bedürfnisse des Strom- und Energiemarktes konzentriert. „Angesichts des erheblichen Wachstums bei Ausgaben, Innovation und Bau, das erforderlich ist, um die Ziele für saubere Energie zu erreichen, werden Beratungs- und Ingenieurbüros mit der richtigen Expertise und Marktorientierung erhebliches Wachstum und Erfolg haben. Gefragt sind Dienstleistungen aus der Planung, Konstruktion, Genehmigung, Prüfung und Bauüberwachung. In diesem Sinne legen unsere Untersuchungen nahe, dass Beratungs- und Ingenieurbüros, die sich auf die Endmärkte Power & Energy konzentrieren, schneller und mit höheren Margen wachsen als Unternehmen, die dies nicht sind“, sagte Michael Andrisani, Senior Associate bei Clairvest, gegenüber POWER.

„Angesichts des erheblichen Wachstums und der Veränderungen in der Energie- und Energiebranche werden Beratungs- und Ingenieurbüros mit den richtigen Fähigkeiten für diesen Endmarkt wachsen und neue Höhen erreichen“, fügte Castellarin hinzu.

Andere scheinen zuzustimmen, dass Beratungs- und Ingenieurbüros großes Wachstumspotenzial bieten. Zum Beispiel hat WSP mit Sitz in Montreal (Kanada), eines der weltweit führenden Dienstleistungsunternehmen mit rund 54.000 Mitarbeitern, kürzlich Golder übernommen, ein privates Ingenieur- und Beratungsunternehmen mit Sitz in Mississauga, Ontario. Laut einer Pressemitteilung sollte der Deal von ESG-Trends profitieren.

„Private-Equity-Firmen konzentrieren sich auch auf die Beratungs- und Engineering-Branche“, sagte Andrisani. „Angesichts der Zersplitterung der Branche können Private-Equity-Firmen eine anorganische Wachstumsstrategie verfolgen, indem sie Akquisitionen verfolgen, um in neue Märkte einzusteigen und neue Fähigkeiten hinzuzufügen. Darüber hinaus glauben Private-Equity-Investoren, dass sie Beratungs- und Ingenieurbüros ergänzende Fähigkeiten einbringen und die finanzielle Leistung verbessern können, indem sie sich unermüdlich auf die wichtigsten operativen Hebel konzentrieren und in Technologien investieren.“

Die Strategie von Clairvest besteht darin, mit stark investierten Managementteams zusammenzuarbeiten, die oft ein Minderheitsinvestor bleiben. Der Ansatz passt gut in die Beratungs- und Engineeringbranche, insbesondere wenn es um Nachfolgefragen geht. „Es gibt eine wachsende Zahl von Babyboomer-Partnern oder Arbeitnehmer-Eigentümern, die in den Ruhestand gehen möchten. Die jungen und aufstrebenden Stars in vielen Beratungs- und Ingenieurbüros haben nicht die finanziellen Möglichkeiten, die Vertriebspartner aufzukaufen. Infolgedessen kann eine Private-Equity-Firma wie Clairvest ein hervorragender Eigenkapitalpartner sein, um einen solchen Eigentumsübergang zu unterstützen und gleichzeitig Kapital für Wachstum bereitzustellen“, erklärte Castellarin.

Das Wachstum von VPPs

Demand-Response-(DR)-Programme ermöglichen es Versorgungsunternehmen, die Kundennutzung in Zeiten hoher Stromnachfrage zu drosseln. Einige Programme zur direkten Laststeuerung geben Energieversorgungsunternehmen beispielsweise die Möglichkeit, Klimaanlagen und Warmwasserbereiter für begrenzte Zeiträume ein- und auszuschalten, wenn dies für die Systemzuverlässigkeit von Vorteil ist, im Austausch für einen finanziellen Anreiz für den Kunden. Die Programme können dazu beitragen, den Bedarf an neuen Stromerzeugungseinheiten sowie Investitionen in den Netzausbau zumindest zeitweise zu reduzieren.

Virtuelle Kraftwerke (VPPs) bieten eine neue Sichtweise auf DR. Ein VPP ist ein Netzwerk von dezentralen Energieanlagen, wie zum Beispiel Sonnenkollektoren auf dem Dach, Windturbinen und kleine Diesel- oder Gaserzeugungseinheiten vor Ort sowie flexible Stromverbraucher und Speichersysteme. Die miteinander verbundenen Einheiten werden über ein zentrales VPP-Steuerungssystem verteilt, bleiben jedoch in ihrem Betrieb und Besitz unabhängig. Im Zuge der technologischen Weiterentwicklung und der Hinzufügung von mehr Stromerzeugung und Energiespeicherung hinter dem Zähler haben Aggregatoren einige dieser Ressourcen in VPPs gebündelt.

Ziel eines VPP ist die Entlastung des Netzes durch eine intelligente Verteilung des von den einzelnen Einheiten erzeugten Stroms in Spitzenlastzeiten. Zusätzlich kann die kombinierte Stromerzeugung und Stromaufnahme der vernetzten Einheiten im VPP an Energiebörsen gehandelt werden.

„Ein virtuelles Kraftwerk ist wie ein Demand-Response-Programm, aber es ist alles automatisiert. Es wird aus der Ferne gesendet und reagiert auf tatsächliche Echtzeit-Marktsignale“, Peter Asmus, Forschungsdirektor bei Guidehouse Insights, ein globaler Beratungsdienstleister, sagte POWER.

Asmus half beim Verfassen eines Berichts über die DR- und VPP-Wohnmärkte, den Guidehouse Insights Ende Mai veröffentlichte. Der Bericht prognostiziert, dass die Rolle flexibler Kapazitäten wie VPPs von weniger als 1 Milliarde US-Dollar im Jahr 2021 auf mehr als 6,5 Milliarden US-Dollar im Jahr 2030 anwachsen wird, was einer durchschnittlichen jährlichen Wachstumsrate von 23,3 % entspricht. Das Unternehmen sagte, dass „Trends zur Kundenbindung, ein sich entwickelndes Marktökosystem und ein unterstützendes regulatorisches Umfeld“ die Haupttreiber des VPP-Wachstums sind.

Asmus sagte, dass VPPs in deregulierten Märkten in der Regel den größten Wert bieten. Er stellte fest, dass die PJM Interconnection in der Vergangenheit der beste Markt für DR- und VPP-Teilnehmer war, aber er sagte auch, dass die unabhängigen Systembetreiber (ISOs) in New York und New England zu den Marktführern im VPP-Bereich gehören. „Beim VPP geht es mehr darum, den Großhandelsmärkten einen Mehrwert zu bieten“, sagte Asmus.

„Europa ist der wichtigste andere Markt, der sich auf die Nachfragesteuerung bei Wohnimmobilien konzentriert, aber sie begannen viel später als die USA, hauptsächlich weil sie bereits so effizient sind“, sagte er. Asmus schlug vor, dass der Erfolg von DR-Programmen von Ineffizienz abhängt, das heißt, es muss eine Überlastung geben, die reduziert werden kann, damit die Betreiber die Ineffizienz des Systems effektiv nutzen können. „In Europa waren sie ironischerweise im Laufe der Jahre so effizient, dass sie diesen Markt erst spät erschlossen. Aber in Europa konzentriert man sich mehr auf die Integration erneuerbarer Energien“, sagte Asmus.

„Unsere Prognosen zeigen, dass ab diesem Jahr weltweit mehr verteilte Energieressourcen online gehen als zentralisierte Erzeugung, und diese Lücke wächst mit der Zeit“, sagte Asmus. „Die Welle der Zukunft hängt mehr von diesen kleineren, oft nicht im Besitz von Versorgungsunternehmen befindlichen Vermögenswerten ab, und diese Programme – VPPs – ermöglichen es sowohl diesen Vermögenseigentümern, mehr Wert zu erzielen, als auch dem Versorgungsunternehmen, ebenfalls Wert aus diesen Vermögenswerten zu ziehen. Es ist also wieder dieses Win-Win-Szenario. Und wir sehen diese Dinge in Zukunft als absolut notwendig an, denn immer mehr unserer Kraft wird aus diesen kleineren Ressourcen kommen.“ ■

—Aaron Larson ist der Chefredakteur von POWER.

Clear Vitality ETFs Take a Hit, however Cash Retains Flowing In

Investors lost a whole bunch of bets on manufacturers of solar modules and wind turbines this year. Your answer: to double.

A year ago, Green stocks and the funds that track them recovered enormously from a pandemic faint after the market recovered. Solar panel and wind turbine companies were among the firms driven by a surge in investors and consumers Renewable Energy Demandalthough many are small, unprofitable businesses.

This year, returns are behind the broader stock market. This is due in part to past share price history and uncertainty about the Federal Reserve’s interest rate rate and the potential impact of its actions on growth stocks.

Exchange-traded funds that track renewable energy indices have seen double-digit declines so far this year.

BlackRock‘s

iShares Global Clean Energy ETF

has fallen 18% since December;

Invesco GmbH.

is popular

Solar ETF

has seen a decrease of 17%.

Nevertheless, money continues to flow. According to data from Refinitiv Lipper, professional asset managers and retailers have invested $ 6.2 billion in green energy ETFs so far this year. Inflows are on track to eclipse last year’s record of $ 7.2 billion.

Index makers and asset management firms say large declines in prices do not reflect investors’ desire to bet on green companies for now.

“We see continued demand in this area,” said Ari Rajendra, senior director of strategy and volatility indices at S&P Dow Jones Indices.

At BlackRock, the world’s largest asset manager, Clean Energy Funds have seen $ 2.7 billion in inflows and $ 1 billion in a European clean energy fund so far this year, according to FactSet. The interest was so great that S&P had to expand its clean energy benchmark, used by BlackRock funds, to solve the problem of having too much money in mostly small, difficult-to-trade companies.

Such changes don’t happen often, said S & P’s Rajendra, but strong investor demand justified revising the index from just 30 to 82. Among other things, the company lowered the criteria for listing shares.

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, believes renewable energy stocks, from solar panel makers to alternative battery manufacturers, will transform transportation and other facets of everyday life.

A solar farm in Maine. Because clean energy stocks are expensive, they and the funds that replicate them can be more susceptible to market or political changes.


Photo:

Robert F. Bukaty / Associated Press

Mr. Gerber has invested more client money in Invesco’s Clean Energy Fund, adding to the total $ 446 million in ETF inflows this year. He avoids oil stocks, which are among the top performers in the stock market this year.

“The more speculative the stock, the higher the valuation. But in this market people are more interested in fantasy than reality, ”said Gerber. “So at Solar you also have a bit of imagination.”

Invesco’s solar ETF rose 233% in 2020 while BlackRock’s global clean energy fund rose 140% – by far the best years of all time for both as green stock valuations skyrocketed.

Although both funds have declined over the year to date, valuations are up. Invesco’s solar ETF trades at a forward price / earnings ratio of 36, according to FactSet, up from 21 for the S&P 500.

Meanwhile, clean energy companies trade at a 70% premium over traditional energy companies based on the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization, a standard valuation measure, Strategists at

Bank of America

said. They found that rating is down from its highs earlier this year, but is still well above the five-year average.

Because stocks are expensive, they and the funds that track them can be more susceptible to market or political changes. For example, its pull could wane if the Fed starts raising rates earlier than expected, which takes some of the luster from growth stocks.

Or volatility could increase if there are hiccups for a $ 1 trillion infrastructure plan President Biden and some US Senators agreed. Green stocks rebounded last year after Mr Biden won the November presidential election as investors bet the new administration would accelerate the US transition to wind and solar and away from fossil fuels.

Investors are already experiencing some of this volatility. In the past few weeks, clean energy stocks have rallied alongside growth stocks. Invesco’s solar fund is up nearly 11% over the past month, while BlackRock’s ETF is up 2.2%.

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The willingness of investors to continue to invest money in this part of the market shows that they are positioning themselves for a potential longer-term realignment of the energy sector and the energy industry.

Rene Reyna, Head of Thematic and Specialty Product Strategy at Invesco, said the expectations are based on the belief that the technology will eventually lower the cost of batteries, solar panels and other green efforts to the point that it will gain wider adoption and big profits become. In this sense, clean energy is the “trade of hope,” he said.

Construction of a wind farm in New Mexico last year. Clean energy companies trade at a 70% premium over traditional energy companies.


Photo:

Cate Dingley / Bloomberg News

Write to Michael Wursthorn Michael.Wursthorn@wsj.com

Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Danger of the vitality transition is that it solely advantages just a few, CEO says

According to the CEO of the Italian energy company, the coronavirus pandemic has accelerated the transition in the energy industry Enel, However, a number of issues need to be addressed to ensure that change occurs in a measured manner.

In a detailed interview with CNBC’s “Squawk Box Europe” on Tuesday, Francesco Starace was asked about the “energy transition” and how the pandemic had changed the landscape.

“For example, the EU has decided to find the way out of the crisis in order to accelerate these renewable energies and this energy transition,” he said.

“I would say it’s more of a transition than a transformation,” he added. “It’s a big change that affects not just the energy industry, but … the industry as a whole. So I can say, yes, the pandemic has greatly accelerated this trend. “

Change appears to be on the horizon, and in many cases it is closely related to attempts by major economies to recover from the effects of the pandemic.

The European Commission, for example, has described the European Green Deal – a plan for climate neutrality for the EU by 2050 – as “our lifeline from the COVID-19 pandemic”.

The Green Deal is supported by initiatives such as the Just Transition Mechanism. This should mobilize billions of euros between 2021 and 2027 and focus on “regions that are the most carbon-intensive or most people work with fossil fuels”.

As governments around the world are signaling their intention to move away from fossil fuels and pursue net-zero goals, making any meaningful change is a daunting task.

For example, energy companies are still discovering new oil fields, while fossil fuels continue to play an important role in electricity production in countries like the USA.

For his part, Starace was keen to make it clear that every shift would not be without its challenges.

“The transformation is inevitable, it will happen anyway,” he said. “The risk is whether it happens in a disorderly manner or … in an orderly manner.”

“I think the risk is that we don’t really consider all of the consequences for all of the industry and for all of the world’s economy,” he added.

“That means that we try to push it forward in such a way that it causes problems for people or … [u]n fair, in some parts of the world piling up inequality instead of being more just. “

Retraining of the workforce

As governments around the world signal their intention to expand renewable energy capacity in the coming years, the need for jobs in this sector is expected to increase.

According to the Global Wind Energy Council, expansion of the wind energy industry 3.3 million jobs could be created in the next five years.

In the US, the Solar Energy Industries Association says the solar sector will need over 900,000 workers if the country is to meet its goal of “100% clean electricity” by 2035.

Read more about clean energy from CNBC Pro

More than 231,000 workers were employed in the American solar industry last year, a 6.7% year-over-year decrease, according to a recent report from SEIA, Interstate Renewable Energy Council, The Solar Foundation and BW Research.

In his interview with CNBC, Enel’s Starace stated that skilled people were “becoming a scarce … commodity” in the energy industry. Among other things, he emphasized the importance of training people in large numbers.

Clean air, less noise

In recent years, governments around the world have signaled their intention to increase the number of electric vehicles on their roads. This move away from the internal combustion engine is already underway.

At the end of April, the International Energy Agency said that around 3 million new electric cars were registered last year, a record high and an increase of 41% compared to 2019.

According to the Paris-based organization, that leap has brought the total number of electric cars on the streets to over 10 million, a number that is supplemented by roughly 1 million electric buses, vans and heavy trucks.

One of the potential benefits of electrifying transport is improved air quality, as Starace noted. “When we electrify – that means pushing[ing] fossil fuels out of the picture – the fine dust particles, the pollutants that are part of our daily life will disappear … and the quality of life in cities will definitely improve. “

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NEW YORK, June 16, 2021 / PRNewswire / – InvestorsObserver issues critical PriceWatch Alerts for APRE, RMED, AMC, TRCH, and APPH.

To see how InvestorsObserver’s proprietary rating system rates these stocks, check out InvestorsObserver’s PriceWatch Alert by selecting the appropriate link.

(Note: you may need to copy this link into your browser and then the [ENTER] Key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary valuation method. Each stock is valued on the basis of short term technical, long term technical and fundamental factors. Each of these ratings are then combined into an overall rating that determines the overall suitability of a stock for an investment.

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Cornwall, residence of the G-7 summit, embraces push to renewable power

This year’s G-7 Summit takes place in the county of Cornwall, a part of south west England known for its stunning coastline, historic fishing villages and natural beauty.

Not only is Cornwall a popular tourist destination – the county’s beaches are full of vacationers in the summer – it is also becoming a hub for companies working on renewable energy and innovation projects.

A number of these developments have made significant strides this week. On Wednesday, UK Prime Minister Boris Johnson installed the first solar panels in what has been dubbed the UK’s “first utility-scale energy farm”.

According to energy company ScottishPower, a subsidiary of Spain’s Spain Iberdrola, 10,000 panels will be installed at the site. The 10-megawatt solar park will complement a 20-MW wind park that is already in operation and a 1-MW battery storage system.

ScottishPower said the energy farm at Carland Cross – which is just a short drive from Carbis Bay, a small coastal town believed to be the epicenter of the G-7 talks – would be able to generate enough energy “to do that The equivalent of 15,000 households. “

While Johnson is keen to be seen as a renewable energy advocate and a priority for sustainability, the fact that he flew to Cornwall instead of using an alternative form of transportation has received harsh criticism from some quarters.

In a response to his critics, widely reported in the UK media, Johnson was quoted as saying, “If you attack my arrival by plane, I respectfully point out that Britain is indeed a leader in developing sustainable aviation fuel and one of the points in the 10-point plan for our green industrial revolution is to achieve ‘Jet Zero’. “

In addition to wind and solar projects, Cornwall is also home to a fledgling geothermal sector. A company called Geothermal Engineering Limited is working on a number of projects including a geothermal swimming pool in the town of Penzance.

The company is also developing the United Downs Deep Geothermal Power Project near the town of Redruth.

The United Downs project, which is focused on the construction of a geothermal power plant, has been developed over the years and focuses on two wells, 5,275 and 2,393 meters (17,306 and 7,851 feet) deep, respectively.

On Monday, a company called Cornish Lithium announced that it had successfully built a geothermal water test site in United Downs. The company’s goal is to test direct lithium extraction technologies in shallow and deep geothermal waters.

In a statement released with the announcement, Jeremy Wrathall, CEO of Cornish Lithium, said that his company’s testing ground in United Downs gave him “an opportunity to demonstrate what modern, low-carbon mineral extraction looks like”. The results, he added, would “feed into the development of a larger pilot plant”.

As electric car sales rise and the world’s hunger for technology grows, materials like lithium will be important in the years to come, a point Cornish Lithium highlights on its website.

“As vital components of electric vehicle batteries and energy storage,” it says, “the potential for metals such as lithium, tin and cobalt to be extracted in Cornwall could be a significant strategic advantage for the UK.”

While Cornwall is home to a number of land energy projects, the nearby waters also offer room for development.

For example, in April it was announced that a research project focused on the potential of tidal, wave and suspended wind technology had secured support from Marine-i, a program that focuses on innovation in areas such as ocean energy.

The project is based on the Isles of Scilly, an archipelago off the Cornish coast, and is led by Isles of Scilly Community Venture, Planet A Energy and Waves4Power.

According to Marine-i, co-funded by the European Regional Development Fund, the overall objective of the Isles of Scilly project is to “build a new database of data on wave and tidal resources”.

This data will contain information about a number of metrics, including wave height, wind speed, and tidal current speeds.

Black Hills Power offers ideas for saving cash throughout hotter temperatures

During the warmer temperatures, Black Hills Energy offers tips to help you reduce the use of your air conditioning system in order to lower your energy bills.

RAPID CITY, SD – If it heats up outside, your air conditioner is likely to run hard to keep you cool, but there might be a way to stay cool and save some money.

Black Hills Energy is reminding the public of a few ways to save, including covering any sunny window with blinds, preferably a lighter color. They also recommend avoiding high energy consuming devices like a stove during the warm peak times of the day, and remember to set your thermostat to a manageable temperature.

Use your fans to your advantage, and even when your air conditioner isn’t on, fans are a great way to keep the temperature uniform throughout your home.

“If you have the option of running the fan in your house continuously, it helps to circulate the air. Similarly, using a fan to move the air in the winter will help keep your home a more average and even temperature, ”said Mike Pogany, director of operations at Black Hills Energy.

Black Hills Energy says opening the windows at night is also another great way to take advantage of the cooler times of the night so you don’t have to turn on the air conditioning.

Another tip, according to Pogany, is to regularly replace the air filters on your air conditioning systems

Will Toledo vitality effectivity plan be well worth the cash?

TOLEDO, Ohio (WTVG) – Toledo City Council is weighing the cost of energy efficiency to some of the city’s buildings. Some council members want more details before accepting the $ 46 million proposal currently on their agenda.

The city selected a company called Leopardo to help provide energy savings in places like Toledo City Court. While many in the city would likely agree that other proposed locations like the Frederick Douglass Community Center need energetic upgrades and modernization, the question now arises as to the $ 46 million price tag – money the city needs to borrow – the best way is to make these upgrades.

“We have to be smart. So that we don’t economically hinder future generations or hinder the city’s ability to invest in future capital projects and construction, ”said Katie Moline, Councilor for Toledo.

Councilor Moline has spoken several times about the Leopardo project, which would enable green energy changes and fuel savings for seven buildings. The largest proposed cost savings are what are known as “avoided capital costs” of $ 77 million. But what exactly are avoided capital cost savings?

“I need to know what that means,” says Moline. “We can clearly see that there are energy savings in lighting and savings in building maintenance. What are avoided capital costs and how are these savings measured. “

“There are many different ways to look at numbers, and sometimes I just shrug my shoulders and just try to look at things with common sense,” says Mayor Wade Kapszukiewicz. “The people whose job it is to maintain these buildings told us that getting this regulation passed will save money.”

Because of this, Mayor Kapszukiewicz supports the plan to invest now to avoid potentially more expensive repairs across the board. Even if people question the $ 46 million in borrowed money to save what Leopardo says it will be $ 88 million.

“Companies will obviously argue, show their best face and that’s fine, but for me theirs are…. the numbers they throw around are … I don’t care, ”says Kapszukiewicz. “They are not a central part of my thinking at all.”

“We have to make these investments, but we have to make sure that what we are selling is correct, that it is transparent, and that we are responsible for those dollars,” says Moline.

The city council nearly voted on those dollars last week, but the legislation was left in a committee for further discussion. The mayor said Tuesday that while reading the guidelines, they believe that federal funds from the Jobs Act cannot be used for this project.

Copyright 2021 WTVG. All rights reserved.

Sandia Labs creates software program exhibiting how a lot cash could be saved utilizing vitality storage

ALBUQUERQUE, NM (KRQE) – Sandia National Laboratories released a new software application that can help companies find out how much they can save by adding an energy storage system. The application called search, can also provide various scenarios and model the potential of solutions.

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In a press release, Sandia explains that renewable energy sources like solar panels and wind turbines do not produce electricity continuously. Energy storage systems such as lithium-ion battery-based designs and pumped storage hydropower can increase the stability and reliability of the power grid.

Quest has two tools, an enterprise and civil infrastructure analysis tool, and a market analysis tool that utility companies can use to assess how much revenue an energy storage system would generate. Sandia electrical engineer Tu Nguyen explains that the analysis tool can help companies or city project managers estimate how much money an energy storage system will save when combined with solar panels or additional power generators.

A consumer can enter their location and tariff structure that they are paying for, and they can also enter the type of renewable electricity system they have or want to install. Nguyen states in the press release that during certain times when demand is high, electricity providers typically charge more per kilowatt hour.

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By reducing electricity consumption during these times, the energy storage system saves customers electricity costs. Sandia reports that the market analysis tool was developed to help small utility companies understand how much revenue an energy storage system would generate by providing services to improve grid stability. The tool reportedly contains data for seven energy markets in North America.

Sandia also offers webinars and tutorials to help new software users understand how the software runs.

Fascinated about shopping for inventory in AMC Leisure, Vertex Vitality, Sonos, Multiplan Corp, or Aemetis?

NEW YORK, May 13, 2021 / PRNewswire / – InvestorsObserver issues critical PriceWatch alerts for AMC, VTNR, SONO, MPLN, and AMTX.

To see how InvestorsObserver’s proprietary rating system rates these stocks, check out the InvestorsObserver’s PriceWatch alert by selecting the appropriate link.

(Note: you may need to copy this link into your browser and then press the button [ENTER] Key.)

InvestorsObserver’s PriceWatch alerts are based on our proprietary valuation method. Each stock is valued based on short term technical, long term technical and fundamental factors. Each of these ratings are then combined into an overall rating that determines a stock’s general suitability for investment.

SOURCE InvestorsObserver

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