Web-based utility system lands £13.5M in funding for UK operations
Los Angeles-based Arensis claims to be one of the “fastest growing energy companies in the world” and has added to its momentum with the closing of a £13,500,000 ($17,000,000 USD) funding deal to expand renewable energy facilities in the UK. (BusinessWire).
The ‘magic sauce’ of Arensis, according to its website, is that it “provides clean energy anywhere in the world through groundbreaking ENTRADE waste2energy solutions combined with solar and battery storage creating a scalable, decentralized utility for 24/7 power that is completely web-based and can be managed from a mobile phone platform.”
Regarding the UK funding, in the last 12 months, Arensis helped save UK jobs with purchased two underperforming UK wood pellet production facilities which they quickly turned around by installing its biomass-to-energy technology. The strategy was completed by vertically integrating a fuel supply in the UK for heating that replaces natural gas with renewable resources.
Funding will be used for loan refinancing and to complete the integration of 52 Entrade units into the pellet production facilities. Financing at this scale was possible by de-risking the project with long-term fiber supply and offtake agreements, all within the UK.
“The projects will produce 85 GWh of thermal energy per year, helping the UK prevent at least 20,000 metric tons of greenhouse gas emissions annually,” stated Arensis Corporate Investment Director, Tony Morberg. “Not only is this a benefit for the local environment but the integration of our technology is forecast to reduce production costs by over 20%.”
Arensis has over 200 units installed in 11 countries.
Rolls-Royce developing a battery storage for the shipping industry.
Rolls-Royce is launching a lithium-ion based energy storage system for ships called SAVeEnergy to provide ship owners a cleaner, safer and more cost-efficient energy system. The development work has been partly funded by the Norwegian Research Council of Norway’s ENERGIX program and the storage system will be delivered from the Rolls-Royce Power Electric site in Bergen, Norway.
Energy storage is a major green investment for a ship owner, and the shipping industry is under the gun to start addressing its massive greenhouse gas emissions.
Andreas Seth, an executive vice president at Rolls-Royce, said: “The electrification of ships is building momentum. From 2010 we have delivered battery systems representing about 15 MWh (megawatt hours) in total. However now the potential deployment of our patent pending SAVe Energy in 2019 alone is 10-18 MWh.”
ClimateAction says “The shipping industry is starting to take steps to address its greenhouse gas emissions, estimated to account for 2 per cent of the entire global contribution. A landmark agreement was signed this year by 173 member states of the International Maritime Organization to reduce emissions by 50 per cent by 2050.
It would cost 1/10 as much to use EV batteries for the grid instead of utility-size stand alones
Pamela MacDougall and Vignesh Gowrishankar of the US National Resources Defense Council (NRDC) have written about newly published research from the Lawrence Berkeley National Laboratory that shows using the collective storage capacity of electric vehicles versus building huge mega batteries could save billions of dollars.
They write in their article on the Microgrid Knowledge website that the research “shows that the electric vehicles (EVs) expected in California in 2025 could be used to meet the majority of the Golden State’s energy storage mandate that calls for 1.3 gigawatts (GW) of battery capacity by 2024. That EVs can be this valuable to the grid is a hugely significant finding.”
Tony Seba is one of the big proponents of this idea of using EV batteries for collective storage and he said at the InterSolar North America conference that if we electrify everything, we can stabilize the grid and meet 100% of our electrical needs from renewable energy in the next thirty years. You can view one of his talks below.
There’s also an article Jeff Butler wrote for ReElectrify on the subject in which he compares the disruption in the music world over the past decade to the coming disruption in electricity creation, distribution and storage.
Sweden is going to reach its 2030 renewable energy target 12 years early!
The Swedish Energy Agency has told the World Economic Forum (WEF) that by the end of 2018, Sweden will have installed 3,681 wind turbines with a capacity of 7,506 MegaWatts and an estimated annual production of 19.8 TWh – TerraWatt hours.
The terrawatt hours is what counts, because that is the most common way we understand how much electricity we use. To give you an idea of scale, a TerraWatt hour is 1 billion of the KiloWatt hours you see on your electricity bill.
From the WEF article: “In 2012, Norway and Sweden reached a joint agreement to increase their production of electricity from renewable energy sources by 28.4 terawatt hours (TWh) by 2020.
Sweden then increased its target, with the aim of adding another 18 TWh by 2030.
Taking into account the number of wind turbines already built, plus planned wind turbine investments for the remainder of the year, Sweden is on track to hit its 2030 target – possibly by the end of the year.”
And just because we like good news, we should note that the WEF says that global installed renewables capacity since 2010 has been increasing steadily at about 8 to 9% annually, which is more than double the average growth for non-renewables. And the vast majority of EU countries are well on track to reach their 2020 binding targets for renewable energy.