Posts Tagged ‘clean technology’

China beating the US in the cleantech race

Wednesday, August 18th, 2010

It seems that currently China has overtaken the United States in clean technology. There a number of statistics to support this point of view, however, I will not name them all.

China is responsible for nearly three quarter of all the IPO proceeds worldwide in the cleantech sector. The top three companies in this category in 2010 are all Chinese companies. China also holds a monopoly (97% of all commercially available) on the rare earth elements (REEs), which are crucial for wind turbines and electric motors. The Chinese government is also making much quicker decisions regarding clean technology. It took a minimal amount of time to approve and sign plans to build a 2 GW solar thermal plant that will cost around 5 billion USD.

If you are interested in reading about the other factors, which indicate that China is seizing world-wide supremacy in the field of cleantech, please go to http://bit.ly/cKsLIz.

Geothermal Energy

Friday, August 6th, 2010

The amount of geothermal energy beneath the earth’s surface is vast; the problem is just getting to it. If you go deep under the surface, down to about 10,000 meters, you will find heat that contains around 50,000 times more energy than all the oil and natural gas resources around the world combined.

Currently the main means to gain energy from this great storage under ground is to drill holes into the rock to access the hot water and steam that naturally rises up. The hot water can then be used to power electric generators and once it cools off it will be pumped back under ground and can reheat.

With geothermal energy you don’t have the same fluctuations as is the case with solar and wind energy. Furthermore, it is clean, as no greenhouse gases are produced in the process and it is renewable, as the water is reused. In the US, President Obama gave 350 billion USD to geothermal projects last year.

There are a few different concepts at the moment. Most plants will be situated at the edges of tectonic plates, where geothermal activity is high. However, more recently companies have starting drilling deep into rocks and pumping cold water down to create steam. However, there is the fear that this second method might cause seismic activity, which could lead to earthquakes.

If you would like further information on geothermal energy, please visit http://bit.ly/9JJ7pQ

First-ever Clean Energy Ministerial

Tuesday, July 27th, 2010

For the first time, the energy ministers of 24 industrial and threshold countries came together in Washington last week, to discuss energy efficiency and renewable energy. 11 initiatives were launched during the meeting to address these issues. The projects include electric vehicles, solar energy, smart grids and household appliance efficiency.

Everyone at the conference has agreed that the issue of renewable energy is extremely important and many proposed a doubling of investments in clean technologies, but no actual financial commitments were made. These meetings will now be held on an annual basis, the next one scheduled for the United Arab Emirates and the 2012 meeting is set to take place in the United Kingdom.

One important initiative created at the meeting was the Carbon Capture, Use and Storage Action Group. This group aims to establish infrastructure around the world for carbon-capture-and-storage (CCS) by 2020. Germany will be a part of this initiative, as well as the following three other: the Electric Vehicle Initiative, the super-efficient equipment and appliance deployment initiative and it will head the Multilateral Solar and Wind Working Group, together with Denmark.

If you would like more information about the meeting and the initiatives, you can read the following article: http://nyti.ms/aMEgVd

Common EU Standards for Electro mobility are taking shape

Tuesday, July 6th, 2010

Last week, vice president of the European Commission, Antonio Tajana, initiated a mandate to the European norms organisations CEN, CENELEC and ETSI, to create EU-wide standards for charging stations of electronic cars.

Such unified standards will allow electronic cars to cross borders without major complications. Some of the most important points of discussion are standardized plugs, battery standards and general safety standards.

65% Rise in Clean Tech VC Investment in the first half of 2010

Monday, July 5th, 2010

The trend is continuing as once again we see a rise in Clean Tech investment. The preliminary results for the second quarter of 2010 show a total investment of 2.02 billion USD in 140 different companies. There was a slight decrease compared to last quarter (2.04 billion USD), but an increase of 65% in the first half of 2010 (4.02 billion USD) compared to the same period last year.

The forerunner of the investment increase was the solar sector with 811 million USD alone. This is far ahead of the money put in the biofuels (302 million USD) and the smart grid (256 million USD) industries. Based on the total number of deals, the solar sector was second to energy efficiency, the former having accumulated 26 deals and the latter 31 deals.

North American countries accounted for the largest amount of the total investment, namely 72 percent of 1.46 billion USD. European follows in second with 24 percent or 476 million USD. India (3 percent or 59 million USD) and China (2 percent or 30 million USD) follow in third and fourth respectively.

For more detailed information please visit http://bit.ly/bCrWhR

Solar energy without sunshine

Monday, May 31st, 2010

Solar energy has great potential to be the energy source of the future, but it is unreliable. What happens when the sun goes down at night? Or when the sky is cloud covered all day? These questions are currently being addressed, as researchers are experimenting on ways to store the energy captured from the sun.

One current solution used in Spain in parabolic trough power plants, is to use solar energy to heat up a thermo oil, which in turn heats up liquid salt, and when the sun goes down, the heat of the liquid salt is used to power a steam turbine. However, liquid salt is very expensive and it is not allowed to cool down, or else it will congeal and destroy the container. Furthermore, liquid salt is not compatible with solar thermal power plants, thus different containment methods have to be developed for the varying power plants.

In a solar power plant In Jülich Germany, solar panels reflect the sunlight to a huge tower, which stores the heat. In this case we are dealing with heat in gas form, which makes a storage container of molten salt not feasible. Thus, in this situation ceramic is used, which is however also very expensive. Currently the researchers are working on an alternative solution that uses salt. The salt falls into a collecting container and in the process, the warm gas is blown onto the sand, transferring its warmth onto it.

The salt method is also not perfect, as it cannot be as easily pumped through pipes as liquids or gases. A final method is the chemical thermal storage, where, for example, calcium hydroxide would be split into Calcium and Water. Then the two elements would be brought back together and heat would be released. This way, the energy can be saved for a long period of time and released at whatever temperature necessary. However, this method has only been tested in the confines of scientific labs and would require the construction of a special chemical reactor.

There is a lot of potential for development in this area and experimentation with different materials and processes. If renewable energies are to replace current non-renewable sources, a process for their storage has to be developed, so that we will still have energy when the sun doesn’t shine or the wind dies down.

Are solar shingles a real alternative?

Wednesday, May 26th, 2010

In 2009 the company DOW unveiled its newest project, the so-called DOW Powerhouse Solar Shingle. It does not differ from regular shingles, except for the fact that is creates power by using the energy of the sun. The firm itself says about their product: “The technology blends form and function, aesthetics and performance into a solar solution that is accessible and affordable for homeowners” (http://bit.ly/do46Ui).

The shingles decrease energy bills to a small extent, as they yield 3.5 kilowatt-hours per day on average, and the average usage of a household is 50 kilowatt-hours. There are cheaper ways to be environmentally friendly these days, as the shingles cost USD $40 per 4 square feet. However, improvements will be made to further reduce the costs and increase the performance of the shingles.

More VC Investments – Especially Cleantech sector sees increased funding

Friday, April 30th, 2010

We now see one of our previous entries, ‘KPMG survey confirms positive turn for venture capital in 2010’, proven to be correct. Slowly but surely venture capital investments are increasing again. Compared to the first quarter statistics from 2009, the funding nearly doubled in the same time period this year. However, it has to be noted that compared to the numbers from the end of last year, the amount of funding has decreased by 16 percent. An increase of 77 percent in the total number of fundings was recorded (Q1 2009: 679 and Q1 2010: 1,201). Once again, there was a slight decrease of 5 percent in total fundings compared to last quarter of 2009.

Another aspect of the KPMG survey mentioned above has been confirmed, namely that the cleantech sector would be the main focus of investments. According to a report from Cleantech Group, the investments in cleantech companies totaled USD $1.9 billion, which amounts to an increase of 29% compared to the end of 2009. Compared to the same time last there, the report found an increase of 83%. Most of the recent investments centered on the renewable energy sector.

The biggest investment sector was transportation (USD $704 million), especially infrastructure and vehicles, followed by the solar (USD $322 million) and energy efficiency (USD $217 million) sectors respectively. The largest percentage of venture capital investment took place in North America (81%, or USD $1,5 billion), followed by Europe (14% or USD $257 millio), China (4% or USD $72 million) and India (1% or USD $10 million).

For further information please visit http://cleantech.com/about/pressreleases/Q1-2010-release.cfm

Ninth Heidelberg Innovation Forum on the 22nd of April, 2010: Cleantech and Green IT

Friday, April 9th, 2010

26 Cleantech and Green IT companies present their business ideas at the Heidelberger Innovation Forum on the 22nd of April, 2010.

The Keynote speakers this year are Wolfgang Seibold, partner at Early Bird Ventures, and entrepreneur, investor and founder of Beyond A Strategy Inc., Mona Pearl.

Since 2005, the Heidelberg Forum has helped early-stage companies find suitable investment opportunities, with great success: during the past events 250 entrepreneurs from 10 different countries presented their innovative ideas and more than half of them established valuable contacts to important investors in their respective sectors.

The conference will take place at the Studio of the Villa Bosch and the evening reception will be at the Palais Prince Carl in the old city of Heidelberg. During the evening reception, the best business idea will receive an award.

Please see the following link for any further information: http://heidelberger-innovationsforum.de/index.php?id=139&L=3

E-Energy: exploring the future of energy in Germany

Friday, March 26th, 2010

Although having met the Kyoto protocol quota in 2008, Germany continues to make efforts for a cleaner environment. Offshore wind turbine parks are the rising stars on sea and German multinationals such as Siemens, Deutsche Bank and E.ON have joined forces to build solar fields in the Sahara desert.

However, nowadays, governments and multinationals are not the only actors anymore: there is an overall growing demand for clean technology solutions. Households and small companies are starting to produce their own electricity, generating energy with mini power plants or solar panels. The “electricity era” est arrivé.

E-Energy is one of Germany’s approaches for a society where all Germans can actively contribute to the energy supply system. In accordance with words such as E-Commerce or E-Government, the notion refers to ICT on the one hand and electricity on the other. The project demonstrates “how the immense potential for optimization presented by information and communication technologies (ICT) can best be harnessed to enhance the efficiency and environmental compatibility of the power supply and to ensure supply security.”

Originators of the E-Energy project are the German Federal Ministry of Economics and Technology (BMWi), whose Exist program will be presented on the EVM by Dr. Jens Mundhenke, the German Federal Environment Ministry (BMU) and several big German multinationals and energy producers such as Siemens, SAP, EnBW, RWE and Vattenfall. These players have brought together € 140 million for the setup of research studies on the individual production of green energy in six German model regions.

By making private households single energy providers, the four-year project aims to optimize the energy supply system from distribution to consumption and wants to rethink the current power grid. With smart electricity meters, individual households that produce energy are connected with the bigger, already established energy producers. In case the household’s energy production exceeds its own consumption, the excess electricity can be sold back to the energy providers at a profit. That way, individuals feed the power grid and become an active participant in the energy market.

Has your company developed a consumer-oriented clean technology solution? What clean tech projects have already been originated in your country? Feel free to leave a comment!