Author: admin

COVID-19 pandemic disrupts renewable energy plans

COVID-19 pandemic has orchestrated economic recession in different nations. The epidemic started in China and spread throughout the globe. Additionally, the majority of industries are shut down due to either a government directive or lack of resources to continue production. Also, all nations have closed their borders to minimize the spread of coronavirus while other nations have conducted city lockdown to contain the virus in their respective cities. Since China is a major outsourcing country, its closure has stopped most companies from operating since new products like phones, vehicle parts, and other raw materials are not supply. The renewable energy sector is not left out in the pandemic. The earlier predictions by the International Energy Agency (IEA) may pale due to the impact of COVID-19 in human resource and supply of products.

According to IEA analyst, Heymi Bahar, the records set for 2020 may fail due to the negative impact of coronavirus. He further added that as days go by, new strategies to combat the virus are instigated that destroy the industry also. The IEA stated that a review is currently in the process concerning the 2020 goals set by the company. The company forecasted that by the end of 2020, 50 per cent of energy production would shift from fossil fuel to renewable.

The rules governing social distancing has stagnated the installation of solar panels since employees require to be close to each other during the installations. Social distancing has affected solar panel installation, although another renewable construction like wind turbines and hydropower construction is unaffected. Bahar stated that solar power might seem insignificant, but its contribution to global power energy is tabulated as 20%. Additionally, in the year 2018-2019, solar energy accounted for 40% of the total energy produced globally. He further notes that in 2018 the solar power contributed 26% of the worldwide electricity and according to IEA predictions, the percentage will rise to 50% by the end of 2024 hence generating 1,200 GW extra to the present capacity.

The oil industry has also encountered a drop in the oil price since the onset of the pandemic. The initial oil price stood at $66 per barrel. However, the price dropped to $30 per barrel due to the epidemic. The low oil prices have necessitated the investors to shift from fossil fuel to renewable since the renewable offer an attractive investment opportunity. Once the pandemic is over, a significant shift will occur from fossil fuel to renewable and new renewable industries will erupt. 

Equis Development campaigns to investing over $4 billion in the projects of renewable energy

The website of Equis By Deviana Chuo March 31, 2020, headquartered in Singapore of renewable energy and leftover infrastructure inventor Equis Development campaigns to investing over $4 billion in the projects of renewable energy athwart the Asia Pacific in the coming two years, the top executive told Deal Street Asia (DSA). Moreover, to renewable energy, Equis will similarly invest about $2 billion in reprocessing infrastructure, said the managing director Russell David. To achieve these needs, the firm may increase bank financing based on dealing with one project one by one. The target markets of the firm comprise advanced Asia Pacific souks such as South Korea, Australia, Taiwan and Japan. The strategies of Equis are to develop projects of 225MW biomass in Japan rating at $1.4 billion as well as complex fusion micro-grids to upkeep communities and remote mining operations in Australia. 

The firm announced on Monday the completion of its attainment of South Korea’s Jara one, the project of the Solar prized at $50 million. Equis will finance the achievement through the blend of core accruals of bank financing (80 per cent of the capital) and (the remaining 20 per cent of the money), and Russell said. It is in Sinan Town, the province of South Jeolla; Jara includes a solar generation project of 22MW and battery storage system having about 70MWh. 

The construction work of the project events projected to begin next month. Equis has already started working on expanding the capacity of Jara solar to 80MW and the battery storage system of Jara solar to 260MWh, laterally with the novel 400MW substation. The value of the project pegs at about $250 million. “This promise trails our former, fruitful investment into a 207MWh storage system of the battery in August 2019, the largest of Korea,” Sung Woo Yang said, South Korea-based handling director of Equis. South Korea, the fourth largest in the economy of Asia, targets to produce 35 per cent of its power from renewables by 2040. Temporarily, Equis, incorporation with the municipality of Sinan, is also locating up the endowment that will allow the local civic to invest in schemes. 

The attainment of Jara is the 19th project that is protected and funded by Equis succeeding its restructuring. The energy of Equis was g to the United States, which is headquartering of (GIP) Global Infrastructure Partners in January 2018. Following the attainment, Equis has efficient its total asset and capital organization model and has brought its cohorts and staff less than one corporate entity, Development of Equis.

Germany newly founded power storage factory saves power using the lithium-ion technology

Battery storage offers a stable, efficient, and reliable sources of power. Consequently, power storage in batteries incorporates lithium-ion that stores a more extensive capacity of power, and other cells use cobalt. Therefore, if a state experiences a power shortage due to higher electricity demand, the energy sector can channel the battery power into the grid system and supply energy in the country. Several countries have established state-owned firms to store electricity in batteries in either gig watts or megawatts. Germany has joined in the wave, and its newly founded power storage factory currently saves power using the lithium-ion technology.

Tesvolt is currently the company that produces storage batteries that vary in different capacities from 9.6KWh to the MWh. The company is estimated to yield a daily power capacity of 1MWh and 255MWh yearly. German has encountered an increase in energy demand tripling 2019 energy demand. The company is thus necessitated to boost the power grade to meet the high energy demands in the state. Likewise, like top-rated companies, Tesvolt has committed to providing health care to its employees during the COVID-19 pandemic that has affected numerous organizations and companies.

Despite the coronavirus, Daniel Hannemann notes that the company has attained significant turnover numbers in the opening quarter of the season. He further added that the health of their employees is the company’s top priority, and the firm will take care of its employees during the pandemic. However, Daniel revealed uncertainties of how the coronavirus will affect the power demand. He states that the company will operate more closely with its clients to aid and overcome the current challenges through innovation, elasticity, and ingenuity.

The company has placed measures to ensure that all employees are safeguarded against coronavirus while the production process is ongoing. First, the company has initiated platforms by which employees can work from home. The tactic will ensure that their workers avoid public places when boarding to work hence minimize the risks. The company isolates the employee needful in the company such that every staff works in isolation from the other. Simon Schandert, the engineering manager, stated that the company is pleased that the production process is still ongoing, and the employees’ safety is considered to minimize and control the spread of the virus.

Additionally, the company’s battery production occurs in two stages. First, the batteries are charges then discharged in an automated procedure, and defects are checked. Likewise, factors like the voltage, temperature, and resistance should comply with the standards. Lastly, full automation is conducted that involves a selection of high qualities batteries to the next level and removal of low-quality cells.

More Space Centers Forced into Closure Due to Corona

Many space exploration companies are on a roll to allow its workers to operate from home. The industry with an approximated value of $400 billion is one of the many sectors that will see a shift in operations to working while at home. Experts speculate that this plan will not bring a delay to anything new. The industry is also increasing its planning to have itself situated for a substantial number of jobs taking place from domestic places. However, there are concerns that these policies may impede the growth and development of the industry at large.

NASA, Boeing, Lockheed Martin, and Blue Origin, among others, are only a few examples of the companies which have integrated the limit on corporate voyages to space. The agencies have inculcated special reorganizing activities and use the shifting of individual staff members to remote network regions. However, provided the coronavirus outbreak ensues, it will almost be impossible to develop multiple satellites and make software for specialized machines all while operating on research teams. The United States confirmed that the Johns Hopkins University

There is, however, no definite plan of action at the moment concerning the shift to cater for work from home. According to leader of NASA science division, Dr. Thomas Zurbuchen, the steps to have the plans come to realization are not yet in place 

In a posting made by the space agency’s Marshal Space center situated in Huntsville, Alabama, the center revealed that an employee tested for a positive match for the coronavirus. The outcome forced the center to call off all operations, citing a lockdown save for selected personnel scheduled for space missions explorations. At the moment, the center is recorded as a Stage 3 region prompting minimal access to the site. All non-essential employees are required to be off the grounds

Jody Singer, who is the current director at Marshall, assured the employees that all was well. The workers are expected to go home with a set of instructions to follow suit. 

The Marshall Space Center is among one of the space centers to close following the closure of the Ames Space center after an employee’s tests returned positive.  Ames Space Center is currently registered as a “Phase 3” site joining the ranks of other regions. The Ames center had a workplace coronavirus check during the week, but the NASA official explained that the center’s sensitivity remains minimal at the time though further tests are set to set matters straight definitively

The outbreak of Coronavirus to affect the battery storage production in China

The explosion of the novel Coronavirus (COVID-19) has resulted in a slowdown of the economic growth of China, and with China being a world manufacturing center is containing a negative effect on global economic growth as well. The outbreak of Coronavirus reduced the number of workforce in industries as a way of preventing person-to-person contact, which believed to fasten the spread of the virus. As a result, production has reduced in one blink of an eye, and this will affect consumers at large. 

The ongoing scenario in China will have an impact on the global sector of clean energy, including sources of recyclable energy, electric vehicles, battery energy storage, and renewable heat and cooling. China is a worldwide leader when it comes to renewable energy ventures that observed in the nation’s installation of wind power, wind turbine development, and solar photovoltaic (PV) manufacturing. The country is enhancing its portfolio or recyclables, decreasing the consumption of coal, and increasing the competence to compact carbon emissions. The government of China also involved in several measures to strengthen healthy battery production to be a global battery market leader.

Battery manufacturers of China, backed up by the industrial expansion dream, are emerging with large battery production companies. CATL and BYD, two of the biggest battery producers in China, are broadening their production capabilities abroad supported by the government of China. Lithium-ion (Li-ion) batteries stay being the undisputed leader in the market of the electrochemical storage projects all over the world. The world lithium-ion battery marketplace dominated by players like Panasonic, Samsung, and LG. Their place will reinforce over in the coming five years but with a tilt on the direction of the suppliers of China led by BYD and CATL.

During December of 2019, the number of Li-ion battery big factories that were in conduit to the year 2029 was at 115, with 88 of the factories in China. The planned Li-ion battery capacity of Europe is 348GWh by the year 2029. Motivating government policies, the enormous base of manufacturing, protectionist measures, along with the growing batteries demand to go well for the battery market of China.

China, which is the battery production powerhouse in the globe, is currently experiencing a slow down with the outbreak of the Coronavirus. The most prominent Li-ion production players of China, CATL, and BYD, confronted with a high likelihood of additional manufacturing delays.

Carbon neutral will turn into a compulsory thing for banks

Climatic change has turned into an issue of concern for almost every financial institution alongside the drive for environmental sustainability. Be it out of a catalyst such as extreme weather or a mere 2020 resolution; there has been a notable change on this issue by financial institutions. Many have stepped up to publicize their concern for environmental change and degradation.

Such complaints came up into the attention of the public when 631 institutions under a union entrusted with over $37 trillion assets worth of value presented the united nations climate conference with a joint statement. The joint statement was a call to governments to wake up and tackle the environmental change to realize the Paris agreements objectives. While different players in the financial sector clamor for a position just to be heard, the problem is growing huge.

One of the biggest problems that have hit this action is the absence of action. Politicians are presenting an image of something that is underway while there is little or no action being taken. All that is being presented is accretive PR and clever accounting with literally no action on the ground. This raises an essential question on the motive behind financial institutions raising the issue of climatic and environmental crises.

Many like global environmental executive Alex Liftman agree that tackling the problem of climatic change goes beyond usual business. It needs a shift in operation strategy and shifting to use of innovative and working strategy to handle environmental and climatic crisis that has gripped the world. There are, however, banks that have managed to achieve this objective, such as the bank of America, which achieved its set objectives and focuses on achieving more by 2030.

The key to tackling climatic change is understanding how it will affect the world and the global systems and then building solutions from the same.  Failure to embrace this cause is likely to bring in a financial crisis that will see the closure or clashing of many financial institutions when the levels get to extreme. These financial institutions will need to focus on considerable investments in this area to curtail the extent of climatic and environmental change.

Carbon neutral status is a mark that every organization in the finance field needs to have in the coming years. It will be a lead on the compliance with the goals or governments, public nongovernmental organizations, among other groups that they serve. This status will be an indicator of commitment to delivering not only for the profits but also for the good of the entire world.

The Initial Astra Flight for DARPA Launch Contest scheduled to launch on Saturday

A spaceflight company of California pursues to win the $12 million DARPA Launch Challenge is currently set for Saturday, February 29, following a delay of four days.

Astra which is a startup located in the Bay Area had targeted to launch its initial orbital operation on Tuesday, February 25 from the Pacific Spaceport Complex based in Alaska, as a component of the Defense Advanced Research Projects Agency (DARPA) send-off challenge, however, unfavorable weather intervened, resulting to a delay. 

According to the website of the DARPA Launch Challenge, Astra is currently aiming for the launch to be held on Saturday, for the duration of a three-hour window that avails at 3:30 p.m. EST (1830 GMT).

The company was famous for working in almost total secrecy. Very few information was known about their spaceships, launch attempts, and tests. The only unrestricted Astra spaceship sighting was by news aircraft in early 2018. Their initial spaceship called Rocket 1.0 was seeing being ready for an experiment at the ex-Naval Air Station Alameda located in California. Nevertheless, Astra lately came out of the gloom and has given some of the details about their missions.

As a result of a major winter weather occasion anticipated to affect the Pacific Spaceport Complex-Alaska on 2/25, the subsequently available launch window for the @DARPA #LaunchChallenge would be unwavering when the circumstances get better, and the countdown clock of the launch would be tuned accordingly.

The Lunch Challenge of DARPA targets to encourage the development of private American spaceships that can launch little military satellites less costly, effectively, and regularly. The challenge calls for two send-offs on the short note and a fast turnaround. The initial timeline requested for the new 38-foot long Rocket 3.0 of Astra to launch the initial operation between February 25 and March 1 and the subsequent by March 18.

A triumphant initial launch would award the syndicate $2 million, and on top of that, the subsequent launch would give a supplementary of $10 million.

Astra was invented in the year 2016. However, it only came out of stealth mode in the current month. Meanwhile, the company has conducted various ground tests; it has not yet launched an orbital operation.

Eighteen syndicates showed interest in the Launch Challenge of DARPA after its announcement in the year 2018; however, only three syndicates namely, Virgin Orbit, Astra and Vector Launch enhanced to become full contestants. Astra is the only company still pursuing the prize.

Here are the space business predictions for the year 2020

 

Back in the year 2019, the Space Force of the United States of America was officially established, NASA got a deadline of 2024 for returning America astronauts to the surface of the moon and private syndicates the globe over contributed billions of dollars to cater for ever y thing, starting from the spaceships to antennas. There is no sign of a let-up in the current year in the sector of space momentum. The following are twenty forecasts for the year 2020, as observed by SpaceNews journalists and correspondents.

Suborbital space sightseeing eventually reaches

After several years of delaying, both leading syndicates in human suborbital spaceflight might eventually join commercial missions. Virgin Galactic strategizes on moving VSS Unity, its rocket two suborbital space planes, to the America Spaceport located in New Mexico early in the current year for the last test flight series. The syndicate that became openly traded in October stated in fillings it anticipates commencing tourism flights by June. Blue Origin noted in the early days of 2019 that it is expected to begin crewed flight tests of its new Sheppard suborbital car before the end of the year. However, administrators later stated that it needed to execute a few more flight tests first without astronauts aboard. The syndicate has yet to unveil information regarding when the astronauts will begin commercial flights on the car and for what cost.

A flotilla of the Red Planet operations takes off

As much as four Red Planet operations are set for a send-off in the current year; the most determined activities are the NASA’s Red Planet 2020 rover that would gather samples for homecoming on two missions in the first half of 2020 in collaboration with ESA. The main question, although, surround ExoMars 2020 operation of ESA that suffered difficulties with its parachutes. A first set of tests near the beginning of the current year would decide if the operation could launch on a Russian Proton spaceship during the forthcoming summer or if it would have to linger until the year 2022. China is strategizing on its initial Red Planet mission, which would comprise an orbiter as well as a rover and a lander. The United Arab Emirates would send off its initial planetary operation, a Red Planet orbiter named Hope, on H-2A space ship belonging to Japan. Assuming they send off on set, all the spaceship would reach the Red Planet in the early days of 2021.

NASA agency requests more funds to be able to accelerate its operations

The President of the United States of America gave a statement requesting Congress to allow for an additional allocation of funds towards NASA’s efforts in space exploration. These funds would boost the NASA space exploration program Artemis in its mandate to scout the deep space. The mission is part of a lunar landing schedule that the agency set for 2024 and a further Mars landing happening later on in the program. 

However, things are not as smooth as they seem with the Artemis program as NASA’s administrative head has been in the spotlight over the running of the operation. NASA chief Executive Jim Bridenstine managed to tactfully maneuver out of a probe that seeks to establish the agency’s purported spending on the Artemis and what outcomes have been achieved so far in terms of performance. Regarding the Artemis program probe, Bridenstine turned the information seekers’ attention towards the slow budgeting process and the prospects that lay in the new document.

However, the document recently reached congressional hearing and managed to raise interests. It comes with concern to the readers that the report looks to examine the expense as a wholesome mission instead of focusing on the Artemis budgetary expense program. 

Congress will, however, want to know how much the Artemis moon landing has consumed since its launch. A look into the included budgetary allocation in the document shows that the program will consist of an $8.8 billion funding for the current year and a planned budget of $12.4billion for the next year. The space agency is also set to receive a potential increase in funding to $13.3 billion for 2022 while a scheduled 2023 $15.8billion budgetary allocation. The subsequent year, 2024, would see a decrease in the space agency’s spending to $15.3billion with subsequent drops in fiscal distribution to $13.5billion for the year 2025.

According to the plans laid out by NASA, the space agency would need a total of $87billion in an elongated period of 10 years. However, NASA speculates that the money, when allocated, will be used to get the agency a sure footing on the moon. Should the NASA Artemis program become a success, humanity will have achieved to build a space-based colony in terms of an operation base on the moon. NASA plans to use the station as a stopover for deep space voyages. Should the allocation go through, the agency will be on a timeline to have its program cleared in due time 

The globe transforms to using 100 percent renewable energy

This article major on the transformation of the whole world into using renewable energy entirely. Michael Barnard, a Chief Strategist of TFIE Strategy Inc. and Mark Z. Jacobson Professor at Stanford and co-founder of The Solutions Project University, discussed developing energy roadmaps for 143 states where this represents 99.7 percent of all anthropogenic orangery gas productions. The idea of Mark was to talk about universal warming, pollution of air, and energy production. The two specialists discussed the ways that energy could be saved on a global gauge. There was also the idea of using electrification as it reduces social expenditures related to the current production of energy.  

Mark says that by use of electrification, the universe can save energy, whether it focuses on how electric heat pumps consume less energy or the preference of electric car over fuel or diesel-driven vehicles. Mark aims to achieve the electrification mission by the end of 2050. He states that by making everything use electricity, there will be a power demand reduction of 57 percent. 

Mark notes that lots of people rush to support the 100 percent renewable energy transition even before they consider anthropogenic climate change as a factor here. The two professionals protracted the discussion to talk about the impending renewable energy carriers for the safety of global energy by providing benefits like unconventionality of energy and constant energy costs despite global disagreement.  

They embarked on Mark’s research on electrification, which he carried out in 2015 and 2017. In 2017’s study, it entailed an analysis of 139 states and 20 sections of the world. He linked the power demand-supply by using three different approaches and explored varied methods towards the demand of power conveyance and storage. They researched the differences between the two studies and the methods used by Mark and his team on the provision of heating materials and techniques for digging out the heat.  

The transition of 100 percent reusable energy in a given state is classically a puzzling aim to achieve as opposed to carbon impartiality. The latter is extenuating climatic changes whose accomplishment is through the delivery of balance to the whole track of carbon emanation in given nations. 

In the last six years, sources of reusable energy like wind, geothermal, sun, biomass, and burnt waste products conveyed 19 percent of sum energy used globally, having approximately half of it originating from the customary use of biomass. Renewable energy is a center of focus since reusable materials present in the U.S can provide huge portions of electricity as compared to the existing anticipated domestic demand.