Categories
Energy business Future infographic

Energy Market and 6 Types of Renewable Energy [Infographic]

Energy Market and 6 Types of Renewable Energy [Infographic]

Renewable energy is energy from the earth’s natural resources that are not finite or exhaustible (wind and sunlight). Renewable energy is an alternative to traditional energy that relies on fossil fuels and is not harmful to the environment. (eco-friendly)

Energy Market and Types of Renewable Energy

6 Types of Renewable Energy

  1. Solar

Solar energy is energy from sunlight and converting it into heat, electricity, or hot water. Photovoltaic (PV) systems can convert direct sunlight into electricity through the use of solar cells.

Benefits of Solar Energy

One of the benefits of solar energy is that sunlight is endless. There is a limitless supply of solar energy. Relying on solar energy rather than fossil fuels also helps us improve public health and environmental conditions.

Solar energy could also eliminate energy costs, and reduce your energy bills. Many countries help the investment in solar energy by providing rebates or tax credits.

  1. Wind

Wind farms capture the energy of wind flow by using turbines and converting it into electricity. There are many systems to convert wind energy.

Commercial-grade wind-powered generating systems can power many different organizations. Single-wind turbines are used to help supplement pre-existing energy organizations.

Another form is utility-scale wind farms, which are purchased by contract or wholesale.

Benefits of Wind Energy

Wind energy is a clean energy source, which means that it doesn’t pollute the air like other forms of energy. Wind energy doesn’t produce carbon dioxide or release any harmful products that can cause environmental degradation or negatively affect human health like smog, acid rain, etc.

Investment in wind energy technology can also open up new avenues for jobs and job training, as the turbines on farms need to be serviced and maintained to keep running.

  1. Hydroelectric

Dams are what people most associate with when it comes to hydroelectric power. Water flows through the dam’s turbines to produce electricity, known as pumped-storage hydropower. Run-of-river hydropower uses a channel to funnel water through rather than powering it through a dam.

Benefits of Hydroelectric Energy

Hydroelectric power is very versatile and can be generated using both large-scale projects (like the Hoover Dam) and small-scale projects like underwater turbines and lower dams on small rivers and streams.

Hydroelectric power does not generate pollution, and therefore is a much more environmentally-friendly energy option for our environment.

  1. Geothermal

Geothermal heat is heat that is trapped beneath the earth’s crust from the formation of the Earth 4.5 billion years ago and radioactive decay. Sometimes large amounts of this heat escape naturally, but all at once, resulting in familiar occurrences, such as volcanic eruptions and geysers.

This heat can be captured and used to produce geothermal energy by using steam that comes from the heated water pumping below the surface, which then rises to the top and can be used to operate a turbine.

Benefits of Geothermal Energy

Geothermal energy is not as common as other types of renewable energy sources, but it has a significant potential for energy supply. Since it can be built underground, it leaves very little footprint on the land.

  1. Hydrogen

Hydrogen needs to be combined with other elements, such as oxygen to make water as it does not occur naturally as a gas on its own. When hydrogen is separated from another element it can be used for both fuel and electricity.

Benefits of Hydrogen Energy

Hydrogen can be used as a clean-burning fuel, which leads to less pollution and a cleaner environment. It can also be used for fuel cells which are similar to batteries and can be used for powering an electric motor.

  1. Biomass

Bioenergy is renewable energy derived from biomass. Biomass is organic matter that comes from recently living plants and organisms. Using wood in your fireplace is an example of biomass that most people are familiar with.

There are various methods used to generate energy through the use of biomass. This can be done by burning biomass or harnessing methane gas which is produced by the natural decomposition of organic materials in ponds or even landfills.

Benefits of Biomass Energy

The use of biomass in energy production creates carbon dioxide that is put into the air, but the regeneration of plants consumes the same amount of carbon dioxide, which is said to create a balanced atmosphere.

Biomass can be used in many different ways in our daily lives, not only for personal use but for businesses as well. In 2017, energy from biomass made up about 5% of the total energy used in the U.S.

These days people can improve the environment with greener energy solutions (Renewable Energy). If you’re a homeowner, you can install solar panels in your home.

Solar panels not only reduce your energy costs but help improve your standard of living with a safer, more eco-friendlier energy choice that doesn’t depend on resources that harm the environment.

There are also alternatives for a greener way of life offered by your electric companies.

More Details https://justenergy.com

Categories
Electric Cars business Future health profits

Electric Cars (Electric Vehicles or EV): 7 Benefits and A Bright Future

Electric Cars (Electric Vehicles or EV): 7 Benefits and A Bright Future

Who Leads the Charge Towards Electric Mobility? (Statista) – EV Market Stats

With Tesla’s meteoric stock market rise in 2020 and several countries and car manufacturers announcing new electric vehicle targets, electric cars have been in the spotlight for a while now.

And while they still account for a single-digit percentage of global passenger car sales, several countries, especially across Europe, have made huge strides towards a cleaner future in 2020.

While Norway is by far the country with the highest share of electric cars in total passenger car sales, no country comes even close to China in terms of absolute market size.

According to the China Association of Automobile Manufacturers (CAAM), sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) amounted to 1.00 and 0.25 million in 2020, respectively. That puts China way ahead of Germany (395,000), which overtook the United States in terms of EV sales.

https://www.statista.com/chart/13143/electric-vehicle-sales/

Benefits and Advantages of Electric Cars

Electric Cars ( EV) – Benefits and Advantages

Electric cars are already the present and they have a bright future. These environmentally-friendly EVs have become much more commonplace today than they were 10 years ago, with a 40% year-on-year increase.

These cars (EV) come with many benefits and a nice range of luxury and more budget-friendly options available.

  1. Cheaper Solution

Batteries will need replacement after a few years, electric vehicles are still cheaper than petrol or diesel cars. Electrical motors have much fewer parts than fuel-based engines.

They’ll require less servicing and repairs cost less. On top of that, many countries are also starting to adopt tax incentives and business grants for EVs.

The other cost-saving factor is fuel, of course. Oil prices will continue to hike in the future as resources run out. Not to mention being hostage to continued fuel tax levies.

Electric vehicles, on the other hand, have none of those issues. They can even be charged at home with a home charging unit, which costs a bit of money to install but is still very affordable.

  1. Government Incentives and Zero-Emission Vehicles

Government agencies around the world have and continue to provide policy-driven support for electric vehicle production and adoption. The main regulatory incentive is to decrease CO2 emissions to achieve a future where zero-emission vehicles are the norm.

Countries like Norway are starting to make pledges to phase out internal combustion engine vehicle sales.

  1. Public and Large Transport Vehicles

Consumer vehicles aren’t the only market segment of electric car options. EV adoption in the public and commercial sectors is slow going right now. But the long-term cost, environmental, and health benefits of switching to electric vehicles are pushing both industries in that direction.

  1. Fossil Fuels – The End Is Closer

There’s speculation that the world will run out of fossil fuels in as early as 53 years. Maybe even less. That means there’s a hard limit on how long people can still operate the way they do before these resources become so scarce that prices skyrocket.

That’s why many policy-makers and companies are trying to make the switch to electric vehicles now. Of course, this also means that electricity generation has to turn a new leaf.

Many countries have started banning coal power plants and choosing more sustainable options. This also means electric vehicles don’t have a chance of running out of “fuel” resources anytime soon.

  1. Driving Experience

One of the first things people notice about electric cars is how quiet they are. This, coupled with the fact that they have instant torque, makes them a joy to drive. They also have a lower center of gravity, which provides both driving and safety benefits.

Driving-side means better grip and steering during turns. Safety-wise it means the cars have less chance of rolling over and the absence of fuel means less risk of fires or explosions.

On top of that, the electric cars being rolled off the assembly line today have the best to offer in terms of safety and luxury. They often come with the latest specs and features and are built to handle collisions better as well.

  1. Benefits for Health

Reduced harmful exhaust emissions are good news for our health. Better air quality will lead to fewer health problems and costs caused by air pollution3. EVs are also quieter than petrol/diesel cars, which means less noise pollution.

  1. Security – A Downside (hackers)

Despite all of the benefits of switching to electric vehicles, there is one downside that most consumers don’t think about. Security.

As technology continues to improve, a lot of that gets integrated into cars and the way people live their everyday lives. Having an on-board GPS or using public Wi-Fi to listen to music or search for suggestions/directions while driving is very common these days.

Autonomous internet-connected cars are also starting to become more normal. But so are digital threats.

In 2016, there had been reports of electric vehicles being susceptible to hacks. So, taking extra precautions like using a VPN while traveling will become essential. What is a VPN? This cybersecurity tool secures your internet connection and keeps all your data safe wherever you are. It’s a great way to stay safe on the internet.