Energy

Developments in the energy sector are regular news features for their positive and negative impacts on the economy and the environment, as well as the effects on politics and society. Bold Business selected energy as a domain due to the enormous changes facing the industry as traditional sources of power such as oil and gas make way for renewable sources such as wind and solar. The impact on society from oil, gas and coal, which are limited in supply, are having serious effects on the environment and health, which drives the need for the development of alternative and sustainable energy.

The energy sector is still rooted in the use of traditional sources such as oil and gas, which still dominate the industry and are likely to do so for many years if not decades. However, continuous development in renewable energy technology is gradually taking bolder steps into the commercial world. Innovations in solar rooftops for residences, adoption from organizations to sustain their businesses using renewable energy, government funding and incentives, and increasing momentum from customers seeking eco-friendly technology, are pushing the energy sector into a new direction.

How is the energy industry impacting society?

The use of traditional energy sources in industries and for private use is so entrenched that it would realistically take decades to change. Energy organizations are witnessing trends in the industry and increasing market demands for alternatives, and are beginning to invest more into renewable energy technology to complement traditional sources. Numerous new enterprises focusing solely on renewable energy have also gained in popularity to cater for market demand. The energy sector has an opportunity to take bolder steps to lead the way in this sector by more investment, and research and development to become global pioneers in renewable as well as traditional means of producing power.

Nederland, CO, Going 100% Renewable

Mountain town and lake

The quiet town of Nederland, Colorado, with roughly a couple thousand residents, has committed to a bold action that presents a competitive challenge to the rest of the state, as well as the US – maybe even the world. They’re aiming for 100% renewable energy use by the year 2025. It may be just one little town, but if this bold action is successful, it could have bold impact across ...

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Global Impact of Taiwan’s Electricity Problem

Map of China and Taiwan and power plant.

On August 15th at 5 pm (Taiwan time) 668,000 homes, multiple office buildings, commercial establishments, and city streets all plunged into darkness. Phone lines also went dead for a few hours as the rapid pace of this highly industrialized city, which supplies technical components to the biggest companies in the world, came to a grinding halt. Officials for the Taiwan Power Corporation (TaiPower) stated that six units at the Datan ...

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Britain to Ban Sale of All Gas and Diesel

View of the London Skyline

Nitrogen oxide is the global warming culprit that has been ignored by many, unfortunately, for a very long time. This element has led to huge costs to both the environment as well as human health. People who have been exposed to nitrogen oxides for a long period time may experience respiratory issues, lessening their lung function and limiting an active lifestyle. Reducing human exposure to nitrogen oxide is a bold ...

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Robert Bryce, Can Clean Energy Replace Carbon? Not in Your Lifetime

Solar panels and city

Bryce is boldly calling out renewable energy and crying foul. Not that he has a problem with the idea of free and renewable energy, after all who doesn’t want that? Bryce’s beef is that the renewable energy industry is dramatically overstating their ability to replace fossil fuels. According to Bryce the time when renewables actually replace rather than supplement fossil fuels isn’t a few years away, but many many decades ...

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Energy 2020; Renewables Outcompete Carbon

Light bulb and tiny plant metaphor for renewable energy sources

The challenge of the century for renewable energy sources is quite simply storage, also known as batteries. Solar and wind can generate power at a reasonable cost, but that energy can’t be stored. Unfortunately, the sun doesn’t shine all the time, nor does the wind blow perpetually. Without cheap reliable batteries or systems to store that energy, renewables require on-demand backups, and those are almost always carbon-based. Energy is about ...

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Navajo Nation Bets on Solar

Image of an Navajo on a horse with buttes.

The Navajo Tribal Utility Authority (NTUA) opened a large-scale solar farm near Kayenta, Arizona. The 27.3-megawatt Kayenta Solar Project provides enough power for 10,000 homes. The operation of the solar power plant is a welcome development. It is a desperately needed alternative to the pending closure of the coal-fired Navajo Generating Station, a 2250-megawatt power plant located on the Navajo Indian Reservation in Page, Arizona. While the new solar farm ...

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Magnetic Energy Powers Bike Lights, Reelight

Bicycle on a bridge in a charming country setting.

A new magnetic powered bike light financed by a crowd funding campaign is taking the tech industry by storm. More than 1,300 people have so far pledged funds to Reelight’s Kickstarter web page and the firm is gaining praise for their innovative invention the world over. According to The Verge, what makes Reelight’s bike light special is the fact that it’s powered by magnetic energy, not batteries. The concept is ...

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Federal Gift to Solar Industry

The U.S. Energy Department recently awarded $46.2 million to fund solar power research. The research grants are meant to find ways to improve solar energy technologies and also help reduce the cost of this source of solar-generated power to 3 cents per kWh by 2030. There are 48 research projects to be funded, mostly within universities and laboratories to ensure that there is a continuous pipeline of technology solutions, knowledge, ...

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Google Goes Geothermal Heating and Cooling

A home with an underground geothermal coil.

Google’s parent company Alphabet Inc. announced a secret project called “Dandelion” which will provide geothermal heating and cooling systems for home use. According to Business Insider, the “moonshot” division of the multinational has been working on the project for quite some time. Kathy Hannun, Dandelion co-founder and CEO, told CNBC that the company has so far raised $2 million in seed funding in a round led by Collaborative Fund, Borealis ...

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Elon Musk Builds a Really Big Battery

A picture of Elon Musk as a superhero atop a really big battery on Australia.

Tesla is going to make the world’s biggest lithium-ion battery and install it in South Australia. This bold development came about serendipitously via an exchange of Tweets between Tesla CEO Elon Musk, and Mike Cannon-Brookes, the Australian co-CEO of Atlassian. South Australia has been experiencing problems with their power grid ever since a power outage took down the grid for the whole state. In a Tweet, Tesla said that it ...

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