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Presentation done by Chandrabhan Sharma, Faculty of Engineering (UWI), Trinidad and Tobago for the 2020 CARILEC EMobility Webinar.
Battery technology is evolving at a breathtaking pace. As performance improves and costs fall, batteries are already critical for consumer electronics, such as mobile phones, and are paving the way for the electric vehicle market. The battery revolution doesn’t end there. Battery systems are also transforming intermittent renewable energy - such as solar and wind - by making them much more financially attractive. Investors are taking notice. But while the versatility of batteries makes them attractive, it is difficult to determine their economic value. Understanding where and why batteries are most successful remains challenging, as each situation is different based...
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A significant benefit of floating solar is that it doesn’t take up valuable space on land - meaning that it can be used for other purposes, such as farming or construction. Installing floating solar farms on bodies of water, such as reservoirs, avoids this issue. Hydropower reservoirs alone cover a surface of more than 250 thousand square kilometers worldwide - enough to host enough floating solar capacity to produce 2.5 times the electricity produced by all the underlying hydropower capacity. As the technology develops, the costs and technical challenges are expected to fall. Demand for floating solar power will also...
Offshore wind—harvested by turbines anchored in the ocean - can provide a large scale, affordable renewable energy source allowing the shift away from coal and fossil-based power in many regions by 2050. The transition to more renewable energy would allow climate change mitigation, energy security, reducing the dependency on fossil fuel imports, local air pollution, and creating new jobs. The Rising Tide of Offshore Wind is in a series of publications by the International Finance Corporation, a member of the World Bank Group.
Energy efficiency is seen more often as a means of reducing energy consumption and costs than as a way to expand the production of goods and services. But it can help raise a company’s manufacturing capacity, improve the quantity and quality of a city’s water supply, and provide more heating and cooling to improve attendance and learning in schools - all while keeping energy costs down. It is important to recognize such benefits of energy efficiency for low- and middle-income countries - and to factor them into economic assessments of projects and programs. Keywords: Energy; energy sector management assistance; maintenance...
Energy is central to addressing almost every major challenge and opportunity in the region, whether it be reducing poverty, producing and cooking food, boosting employment, improving security, using digital services or raising incomes. However, the current energy model with its heavy use of fossil fuels jeopardizes environmental equilibrium, as it is a major contributor to greenhouse gas (GHG) emissions. Sustainable Development Goal (SDG) 7 seeks to ensure access to affordable, secure, sustainable and modern energy. To this end it sets three targets, the first concerning access to energy, the second energy renewability and the third energy efficiency. In what follows,...
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ESMAP’s Annual Report 2018 represents a comprehensive summary of the breadth and reach of ESMAP’s portfolio of activities. It provides snapshots of concrete results to illustrate the impact of ESMAP’s work as it helps countries strengthen the performance of their energy sectors. In 2018, ESMAP informed USD 8.6 billion in World Bank development financing and mobilized USD 7 billion in external financing. ESMAP also launched and disseminated key knowledge products to help shape global energy policy, trigger reform, and increase smart investments in the sector. Keywords: mini grid; offshore wind; poverty and social impact analysis; Access to Electricity; Clean Technology...
The ongoing transformation of the global energy sector is opening possibilities for many developing countries to reach their energy access and service delivery goals in a lower cost, more sustainable manner, while combating climate change. New technologies, and new ways of using existing technologies such as geospatial data systems, smart grids, and smart meters are helping to develop resilient energy infrastructure and operate it more efficiently. These developments, combined with major cost reductions in renewable energy and storage solutions are presenting a strong prospect of a complete re-orientation of the energy sector towards a more decentralized, decarbonized and digitalized path....
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