Categories
Business General Nuclear Power Renewables

Reserves vs Resources – The end of fossil fuels?

Do you remember headlines predicting the imminent end of fossil fuels?

Years later, the end of fossil fuels is still being predicted. We are half way through 2020 and there is still no end in sight for fossil fuels[1]. Without question, fossil fuels are finite, but why are accurate forecasts so hard to come by? And what does this mean for renewable energy?

Categories
Blockchain General Renewables Solar (PV)

Energy Sector 5.0 through Blockchain technology

Blockchain, in particular Bitcoin, is well known within the energy industry for having an enormous power demand, mostly fed by dirty coal-fired power of China. This stigma, however, is correct but doesn’t say anything about the technology per se. Every single revolution of the past as well as in the future has and will require excessive amounts of energy, as any sort of movement depends on energy triggers to take place. The entire, worldwide, Bitcoin network currently consumes as much power as a state like Syria, and one Bitcoin transaction needs the CO2 equivalent of 679,430 Visa Credit Card transactions[1].

Categories
Business General LCOE Renewables

LCOE’s to compare energy investments?

Levelized costs of energy (LCOE) is one of the essential measures when it comes to energy-related projects, no matter the energy source, timespan, size, or location of the project. Not only provide LCOE’s a possible point of comparison across the various sources, but also a reasonable estimate and guideline of how power plants can break even, generate profit and eventually how expenditures need to be handled. 

Categories
Business General Renewables

Renewable Energy – just a drop in the bucket

In this blog we are going to have a more detailed look at the world wide’s energy mix, looking closely at the shares of each source contributing to the overall supply of energy, the primary usage by sector of each origin, and the distribution of the global electricity mix. 

Categories
Business Covid-19 General

Covid-19’s environmental effects

We want to thank all critical infrastructure employees for keeping up their work efforts during such tough times and therefore ensuring everybody’s well-being! Furthermore, we want to thank everyone who is disciplined by following government advice by reducing social contact to an essential minimum, while staying home, to prevent the further spread of the virus.