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Energy

Karnataka has ambitious plans for the uptake of electric vehicles by its residents

Karnataka Deputy Chief Minister CN Ashwathnarayan stated that the region has ambitious strategies that will facilitate the quick uptake of electric vehicles and ensure that the subsequent operations related to it are successful. The switch to electric vehicles has become vital because the internal combustion engine cars are fading out of the market at a high rate. Moreover, there is an increase in fuel price and the quest to minimize greenhouse gas emissions emerging from the transportation sector. Ashwathnarayan added that those who took up the electric vehicles have proved that the cars can meet the citizens’ demands at affordable prices without affecting the safety of the customers.

Ashwathnarayan explained that they could also develop electronics, information technology, and biotechnology utilities to support cars’ uptake. Additionally, they can utilize this technology to develop electric vehicles’ supportive structures like electric vehicle charging stations and charge points. The technical areas that they can explore include cloud computing, the Internet of Things, renewable energy, automation, and some operations digitization. He noted that making changes in these operations can help eliminate the traditionally inefficient systems and replace them with advanced and effective technologies. The Deputy Chief Minister’s remarks emerged in their panel discussion under the topic Governing Goods on the Move, which is included in the Global Technology Governance Summit 2021 as part of the strategies designed to turn around the economic situation.

Ashwathnarayan submitted that his government has other projects that it should have explored to allow for the switch to clean energy, but they didn’t become fruitful. One of the projects is the train project that would have increased the Metro train network in Bengaluru to cover various areas. The minister noted that they could have utilized more Metro stations by offering cycles and bikes on hire and other subscription services to minimize the traffic on the roads. These strategies call for significant investment in logistics infrastructure and reliable supply chains. These mechanisms will help make the dream of India becoming a clean energy nation come alive.

Additionally, they can eliminate the common notion among citizens that the electric vehicles would eject most of the employed people out of their positions. Implementing the strategies will create new employment opportunities that take up the labor from the fading sectors. Finally, the development of charging stations and points will resolve the mileage range anxiety that most people were afraid to witness.

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Energy

For the City of Orlando, NovaCHARGE has built 100 electric car charging stations

Within the last year, NovaCHARGE, a globally recognized technology developer and turnkey solutions integrator of electric vehicle (EV) hardware as well as cloud applications, collaborated with the Orlando Utilities Commission (OUC) and the city of Orlando to install 100 networked EV charging facilities in Orlando.

Last summer, the city, as well as OUC, drafted a proposal to add 100 electric vehicle charging stations to 33 community sites around the city’s six council districts to facilitate the shift to a clean-energy economy further. The city chose NovaCHARGE to oversee the preparation, technological design, and implementation of a stable and highly flexible next-generation EV charging network, based on its expertise in deploying solutions for communities and global brands like Tesla, Hilton, and Whole Foods.

NovaCHARGE, as the main contractor, collaborated extensively with OUC engineers as well as city regulators to complete the project ahead of time for the city’s urgent requirements and potential growth despite the worldwide COVID-19 pandemic. NovaCHARGE was in charge of all the network configuration, power management system, startup, and other tasks that necessitated sophisticated technical design as well as large-scale project management. NovaCHARGE linked and installed a diverse portfolio of Electric Vehicle charging hardware for this deployment over a virtual cloud for ease of control and management.

NovaCHARGE’s president, Helda Rodriguez, stated, “Our goal is to provide cost-effective deployments in difficult commercial environments across North America.” “However, after designing hundreds of big, large-scale, run installations, we relished the opportunity to work on a local initiative to help our firm’s hometown shift toward a more prosperous future.” NovaCHARGE went on to join the city as well as OUC to unveil the latest Orlando EV charging network at a press conference at Orlando’s John H. Jackson Neighborhood Center on 1st April, 2021, after over a year of construction, preparation, and collaboration.

NovaCHARGE, LLC, which is a national technology producer as well as a turnkey systems integrator of the electric vehicle hardware and the cloud applications, was established in 2008. In both its next-generation NC8000 Hardware lines and ChargeUP Network and NC7000, NovaCHARGE delivers creativity and transparent standards. NovaCHARGE has designed efficient deployments for thousands of companies around the United States as a major supplier of EV networked as well as non-networked charging solutions. NovaCHARGE is an Accredited Minority/Woman-Owned Business with headquarters in Central Florida.

NovaCHARGE provides turnkey, price-effective, high-quality EV charging installations that guarantee long-term customer loyalty. We’re committed to supplying EV owners with healthy and dependable charging, as well as charging facility owners with profitable and viable business models.

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Energy Technology

Apple announces new energy storage system to augment its California renewable energy project

Apple has announced plans to build an energy storage project in California to enhance renewable energy reliability. This project will be one of the largest battery storages in the United States, with a capacity of about 200 MWh of energy. The project, named California Flats, will power store excess energy produced by solar during the day.

The giant battery will be directly linked to the tech giant’s California solar farm, which produces about 130-megawatts of energy. The California sun is so hot during the day, but come night time the solar farm generates very little energy. The California Flats will come around these intermittent shortages by storing the energy to be used at night. Power stored in this battery system could power up to seven thousand homes per day.

“We are firmly committed to helping our suppliers become carbon neutral by 2030 and are thrilled that companies who have joined us span industries and countries around the world, including Germany, China, the US, India, and France,” said Lisa Jackson, vice president of Environment, Policy, and Social Initiatives at Apple. Apple has been at the forefront of curbing climate change by reducing its carbon footprint.

“In a year like no other, Apple continued to work with a global network of colleagues, companies, and advocates to help make our environmental efforts and everything we do a force for good in people’s lives and to work alongside the communities most impacted by climate change,” added Jackson.

While solar and wind farms are cheap ways to produce green energy, the sun is not always shining, and the wind isn’t blowing all the time. This unreliability is a major downside of the two options that causes unprecedented power shortages that have cost economies and corporations. Investing in battery storage provides backup during these intermittent shortages.

Apple is dedicating a significant amount of money to the research into new technologies and the development of California’s utility storage. The firm has also expanded storage capabilities in Santa Clara Valley and the Apple Park microgrid.

The company has made all its operations clean by partnering with renewable energy producers across the globe. The initiative has reduced Apple’s greenhouse emission by 40%, a positive trend towards its zero-carbon target by the end of this decade. Currently, Apple has done away with 15 million metric tons of emissions through low carbon materials, using clean energy efficiently.

Since Apple declared its intent of cleaning up its energy across its operations, manufacturing supply chain, and product lifecycle, it has established strong collaborations with renewable energy suppliers. By 2030, the firm wants its products to be 100% clean, meaning every device sold will have no negative impact on the environment.

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Energy

Here is why you should invest in Green energy stocks in 2021

Renewable energy is undoubtedly one of the hottest sectors right now for investors to build a camp. As economies embrace cleaner energy solutions to curb greenhouse gas emissions, renewable stocks have identified their position at the top of the energy landscape. According to iShares Global Clean Energy ETF, green stocks rose by 140% in 2020. Although in 2021, the stocks dropped by 16%, the dip should not scare your interest in investing in renewables. There are still convictions that clean power stocks are here to win.

Firstly, there is an infinite growth opportunity in renewable energy. As big corporations pledge to use renewable energy exclusively in their daily operations, the demand for clean power will skyrocket in the next decade. Clean energy projects have one of the most significant funding from governments, and you can see wind farms and solar farms being installed across the world over.

Electric Vehicles are the new trend. Big economies such as China and the United States have laid out policies that will advance battery-powered vehicles’ adoption. Car manufacturers are planning to go fully electric or hybridize their internal combustion engine vehicles to use batteries.

The latest findings by Solar Energy Industries Association and energy consultant Wood Mackenzie projects that about 324gigawatts (GW) of solar power capacity will be rolled out in the United States over the following years. This value will be a threefold increase from the capacity installed in 2020.

Similarly, an International Energy Association report predicts that green energy sources will account for around 95% of the “net increase in global power capacity through 2025”.Investors could tap into solar energy gurus such as Enphase Energy and SolarEdge Technologies.

The two solar giants have recorded consistent revenue growth over the past three years. Enphase is valued at $21 billion, while SolarEdge is worth $14 billion. Another reason to invest in renewable shares is the need to boost your passive income. Dividend-paying stocks help you build wealth without getting much involved with the companies. For instance, Brookfield Renewable Partners give investors a 3.04% forward yield.

Lastly, the favorable environment for clean energy due to the Paris Agreement requirements promises significant growth in the renewables sector. Interest rates are low, and administrations are giving rebates to green startups. The low-interest rates enable companies to improve their finances.

“During 2020, we continued to take advantage of the low-interest environment and executed on $3.4billion of investment-grade financings, extending our average corporate debt maturity to 14 years and reducing our borrowing costs by $5 million per year,” stated Brookfield Renewable Energy in its 2020 fourth-quarter letter to shareholders.

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Energy

Volkswagen Group partners with BP Pulse to deploy ultra-fast EV chargers across Europe

German pioneer automaker Volkswagen Group has signed a memorandum of understanding with the global leader in electric vehicle (EV) charging, Bp Pulse. The agreement will see Bp pulse, formerly Chargemaster, install charging facilities at their retail sites across the United Kingdom, Germany, and other parts of Europe.

The two companies have come together to accelerate the adoption of electrified mobility, and the deal is to be finalized a few months from now. The collaboration will expand the network of charging sites in Europe, providing convenient and high-quality electricity supply at various Bp pulse sites and Aral sites in Germany.

“Enabling the rapid expansion of electric vehicles is core to Bp’s plans to grow our convenience and mobility business and supports our net-zero ambition,” said Emma Delaney, Bp Pulse Vice president, Customer, and products.

“Partnering with Volkswagen Group, one of the great automotive companies, we intend to address a key concern for people considering buying an EV: range anxiety.

This collaboration will solve range anxiety, a major concern to users seeking to shift from diesel and petrol cars to battery-powered vehicles. The expanded network of EV chargers will deliver fast, reliable, and quality charging to ninety percent of consumers in the UK and Germany. BP pulse estimates that users will have access to high-quality charging when this project is done since most Bp sites are twenty minutes away from residential places.

“Together, we can provide drivers in the UK and Europe with the fast, reliable, and convenient charging solutions they need to feel more confident about making the switch. By deploying ultra-fast charging rapidly and at a large scale, we can establish a leading position and help accelerate the take-up of EVs,” added Delaney.

Ultra-fast charging points are crucial in the zero-carbon mission. A charger with an output of 150Kw can charge an EV in ten minutes if it has good battery technology. However, the time used to charge a battery entirely depends on several factors.

This deal will make BP pulse the official charging partner to VW. Bp merged with Chargemaster in 2018 to birth Bp Chargemaster, which was later rebranded to Bp pulse. The company’s ambitions include adding its charging points to 700,000 globally by the end of this decade.

“Ultra-fast charging is a key enabler for e-mobility and, therefore, the main pillar for Volkswagen’s transformation. Together with strong partners like Bp, we take this important matter into our hands and will build up to 18,000 new chargers in Europe,” said VW’s Board member and head of VW’s Components. The deployed chargers will serve not only VW’s customers but also other EV customers.

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Energy

Nedbank has procured a $200 million loan to propel the establishment of renewables in South Africa

The International Finance Corporation (IFC) has loaned $200 million to Nedbank, which will see the company develop and implement renewable energy projects in South Africa. The corporation did this to fulfill what the World Bank required it to do. The chief of sustainable finance solutions at Nedbank’s Corporate Investment Banking (CIB), Arvana Singh, stated that this amount would enable the company to complete the stagnant projects, expand its climate mitigation platform and develop the renewable energy infrastructure to facilitate the transition of the country to green energy. The highlight came a week after Gwede Mantashe, the minister of mineral resources and energy, launched the bidding campaign for the Renewable Energy Independent Power Producers Procurement Programme. This program will secure an additional 2600MW of renewable energy from various power suppliers.

The minister added that the project would unveil the strategy that will pump R45 billion into the South African economy as an investment in clean energy. Singh emphasized that the deal between Nedbank CIB and the IFC is a loan contract and a representation of the World Bank, offering an alternative path for the country’s progress. The projects will facilitate the minimization of greenhouse gas emissions, create employment opportunities for the renewable energy sector and help in the actualization of some Sustainable Development Goals. Last year witnessed the company sends its R2 billion to trade on the Johannesburg Stock Exchange (JSE) to facilitate renewable energy investment in South Africa.

Nedbank stated that this financial instrument is the first to be deployed in the JSE and will be categorized under the Green Bonds segment. The company added that the entity was established with the help of the African Development Bank. Experts analyzed the loan and stated that it could be the key to unleash a robust, sustainable climate finance market in the country to meet the goal of reducing carbon emissions to zero. The South African government hopes to reduce greenhouse gas emissions by 42 percent before 2026, which implies that it would be pressing towards the elimination of fossil-fuel dependency. The country is working towards an economy that is sustained by renewable energy sources or other emission-free energy sources.

Singh added that the IFC loan could help innovators establish advanced technology that relies on clean energy. One of the requirements for this to be effective is developing smart appliances since they are ideal for this situation. The country can copy Europe and roll out electric vehicles in commercial quantities to reduce the tonnes of emissions that come from the transportation sector.

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Energy

Here’s how Delhi plans to go about the transition to electric vehicles

Last year witnessed a new quest by Delhi in its desire to minimize the emissions coming from the transportation sector. The city came up with the Delhi Electric Vehicle Policy, whose purpose is to ensure that a quarter of the new vehicles being registered in the next four years would be battery electric vehicles (BEVs).

Chief Minister Arvind Kejriwal explained that this is the most appropriate way to ensure they sequester the level of emissions that enter the atmosphere through Delhi. Moreover, the plan would require electric vehicle charging stations for the smooth transition to these emission-free models. The city’s power chief Satyendra Jain stated that the government is focusing on installing not less than 500 electric vehicle charging points in over 100 locations. Additionally, the electric vehicle chargers would be installed in about 20% of the parking spaces.

Phase 1 will be involving the development of 100 electric vehicle charging bays and battery swapping stations. Each of the stations will have enough space for five vehicles simultaneously charging, especially in the land managed by the Delhi Metro Rail Corporation (DMRC). Furthermore, the stations will be located 3km apart to ensure that even the cars with the lowest mileage range are adequately served.

The agency charged with running this program is the Delhi Transco Limited (DTL) that has opened up about receiving bids from private entities to develop the project. These regulations also apply to the private charging points to ensure that they tackle this solution from both sides. Several locations have also been targeted for the municipal corporations to fit in this mix.

The DDC vice-chairperson, Jasmine Shah, stated that this project’s tender would be ready for delivery by April. The party involved will develop the charging stations and start receiving the amount to cater to the costs incurred by offering customers services. Companies that would likely win the tenders are those that will be offering the service at affordable rates. Shah added that over 60 companies had demonstrated interest in this project. The tender requires those who procure them to deliver, develop, initiate and maintain their Electrical Vehicle Charging Station and the other activities.

Additionally, the Delhi government will be supplying electrical infrastructure and ensuring that the bays are integrated with the electricity grid. It will offer cash for the development of slow charging points in private charging stations. Hopefully, these and more strategies can keep the sector alive and running through the decade to support electric vehicles’ switch.

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Energy

Kellogg ramps up its efforts to attain a 100 percent target in renewable energy

Kellogg firm has decided to transition its renewable electricity to 100 percent across all its production regions worldwide. The giant in breakfast cereal has contracted a long-term wind power virtual power purchase agreement (VPPA) with Enel Green Power in North America. The deal would be able to help the production of 360-gigawatt hours of wind electricity in a year. The figure is the same as 50 percent of energy capacity used across Kellogg’s North America production facilities. The model is also the same amount of electricity used to generate power for over 43,000 homesteads annually.

Since Enel has the back of Kellogg’s VVPA, it would be able to commence its construction f a wind company in north-central Texas that would generate120 MW of battery energy. Enel’s power would make it become the world’s most extensive storage amenities in the world. The regions would receive extra energy resources from the Azure Sky wind factory, and the exercises anticipated to commence next year.

The estimated portion of renewable electricity produced by Kellogg is approximately 250,000 metric tons of CO2 emissions annually. The figure is the same as the carbon reduction of about 55,000 passenger vehicles off the road in a year. The strategy is part of Better Day’s commitment to helping the firm reduce Scope 1 and 2 gas emissions from greenhouse at a rate of 65 percent to 100 percent before 2050. By the time 20050 is here, renewable energy must have a full embrace across all sectors in the world. Kellogg uses GHG Protocol to estimate greenhouse gases produced and to measure renewable electricity used.

Amy Senter, chief sustainability officer, stated that Kellogg has put in more efforts to reduce carbon dioxide gas production across their esteemed series. It has achieved this in the last ten years. The recent VPPA further illustrates to investors, shareholders, and heir esteemed consumers that actions are in place to handle crisis purging the climate.

Kellogg has quite a lot of renewable energy projects ready to kick-start around the world. They include;

  • It has amenities across Western Europe whereby Kellogg has acquired 10 percent renewable electricity to address its work by purchasing Renewable Energy certifications (RECs).
  • It has its operations in Australia, where it has achieved 100 percent renewable electricity under its long-term Power Purchase Agreement.
  • It has its amenities in North America, where it purchased Renewable Energy Certificates (RECs) for some facilities and offices in few nations.
  • Kellogg also has an office in Kashi, Solana, California, where it utilizes on-site solar panels for electricity consumption segments.
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Energy

AEP and other utilities are planning a recharging network for the electric vehicles

In a scheme that stretches from Tidewater Virginia as well as northern Ohio to west Texas, American Electric Power as well as five other electric utilities intend to develop a network of fast charging points for electric vehicles. It is part of their strategy to encourage the usage of the electric vehicles by increasing the number of charging points in their service areas.

As per a statement issued last week, the Electric Highway Coalition, which includes AEP, Entergy Corporation, Dominion Energy, Duke Energy, Southern Co., as well as the Tennessee Valley Authority, will enable EV drivers to travel seamlessly across the area. According to the press release, Edison Electric Institute predicts that by the year 2030, 18 million electric vehicles will be on American roads. GM revealed earlier this year that by 2035, it would only produce battery-powered cars. Volvo revealed on Tuesday that by the year 2030, it would only produce electric vehicles.

Via an AEP report, many EV owners are worried about the accessibility of charging points during the long road trips, so that the Electric Highway Coalition is an attempt to help them schedule those trips. As the coalition members work to decide final charging point locations, sites alongside major highway routes with convenient highway access and facilities for travelers are now being considered. DC quick chargers will be available at charging stations, allowing drivers to get back on road in about 20-30 minutes. AEP spokesman Scott Blake stated in an email to The Herald-Dispatch that the coalition’s rollout of charging points is still in the implementation and planning phases, so there is no set date for when they will be installed.

Other utilities are being invited to join the alliance in order to expand the network’s scope. The network, as per a map attached to the publication, only covers a small portion of Kentucky. It also excludes northern West Virginia, which is served by FirstEnergy for electricity. “Travelers have had to find out how to move from point A to the point B throughout history. “Whether it’s feeding and watering animals, filling gas tanks, or even now recharging batteries, having convenient places to do these things is crucial,” stated Nicholas K. Akins, chairperson, president, as well as chief executive officer of the AEP. “Through this initiative, we want to show drivers that EVs are a good match for their lifestyle as well as travel plans, no matter where the path takes them.”

By 2030, AEP plans to replace 2,300 cars as well as light-duty trucks with electric vehicles. As more hybrid and electric vehicles become affordable, more medium, as well as heavy-duty vehicles, will be converted. AEP is also collaborating with a small number of customers around its service territories to help them understand the advantages of electrifying their fleets or even business processes.

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Energy

Electric vehicles are still performing excellently in the automotive market despite the impediments along their path

The growing demand for electric vehicles by consumers instead of conventional fossil fuel cars has activated automakers to design various cars meeting consumer demands. This year alone will witness OEMs and new companies in the electric vehicle industry, releasing more than 22 new electric vehicle models globally. The automakers stated that some models would be released as standalone entities, while others will be advancements in the existing product line. However, the unleashing of these electric models has activated impediments designed to halt the adoption of the cars. Consumers started recognizing major OEMs and new electric vehicle startups, committing to full electrification at an exponential rate, forcing them to change their mindset and try out this technology.

Although the automakers have thrown their best skills into electric vehicles, the tax credits intended to accelerate these cars’ uptake and the scarcity of electric vehicle charging infrastructure have hindered the adoption of these models by consumers. The past decade had placed a tax credit of $7500 for consumers who purchase electric vehicles to motivate them to buy the cars. In that period, electric vehicle technology had not caught up its spark in America because the industry was at the launch stage. Additionally, the manufacturers who had eyed this sector were few, and the tax credit had a limit of 200000 vehicles in the first production cycle for each company. From 200001, the cars would have a zero-tax credit. This made the bigwigs that had participated in this technology, like Tesla and General Motors, and had already sold 200000 electric vehicles be disqualified from this allowance, raising their electric models’ prices.

Nevertheless, the Biden administration has realized that this regulation has affected the electric vehicle industry and is looking for loopholes and modifications that can help return the tax credits on the cars for companies that have surpassed the threshold. This move will create fairness in the industry allowing the existing and new manufacturers to compete without absolute advantage over each other. However, the adjustment of the tax credit does not solve the problem of scarcity of supporting infrastructure.

Consumers might love the concept of switching from refill stations to recharging stations, but the insufficiency of the charging stations might create time problems. The government and the local leadership must institute mechanisms to ensure the linkage of power grids with charging infrastructure, development of home charging systems, and other mechanisms that will facilitate the short-term deployment of electric vehicles without creating more problems for the consumers.