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Electricity Analysis and Commentary - February 2022.pptx
The document discusses electricity production and commentary on various topics: - Many countries are moving to cleaner fuel sources for electricity needs, while cold weather has impacted renewables. - Smart grid options are increasing while Tesla dominates the electric vehicle market. - The global economy remains fragile as the green economy and clean technology sectors grow. - Innovation is needed in renewable energy storage to power cities, as lithium-ion batteries cannot scale to that level. Storage technologies like iron-air batteries show promise to store power over longer periods at lower costs.
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Electricity Analysis and Commentary - February 2022.pptx
- 1. Electricity Production – Analysis and Commentary PAULYOUNG CPA CGA MAY 14, 2022
- 2. Paul Young -Bio • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa Youtube - https://www.youtube.com/user/youngercga1968/videos
- 3. Agenda Canada PowerProduction by Fuel Key Countries / Power Generation Smart Grids Micro Power Plants Top Countries / Clean Energy Technology / Power Generation Green Agenda Plug-in stations Power Rates / Canada Solar Power Sales Forecasting ESG Reporting
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- 5. Power Generation /Key Country – Source - https://www.iea.org/reports/monthly-oecd-electricity-statistics
- 6. Natural Gas Source -https://www.iea.org/reports/monthly-oecd-electricity-statistics or https://markets.businessinsider.com/commodities/natural-gas- price
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- 8. Micro power plants Source- https://www.marketsandmarkets.com/PressReleases/micro-grid- electronics.asp
- 9. Waste to Energy Thefocus should be on the circular economy as part of recycling and zero-waste management. I am floored also why we do not incinerate garbage as part of energy management. Circular Economy - https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy Waste to Energy - https://greenerideal.com/news/energy/waste-to-energy-technologies/ • Sweden biogas - https://sweden.se/nature/the-swedish- recycling-revolution/ • Top companies (Waste to Energy) - https://www.energystartups.org/top/waste- energy/ • EU and Waste Energy - https://www.statista.com/statistics/1122082/e urope-waste-to-energy-capacity-by-country/ • USA - https://www.eia.gov/energyexplained/biomas s/waste-to-energy.php
- 10. Top Countries / CleanEnergy Top 10 green countries are European - https://www.conserve-energy-future.com/greenest- countries-earth.php Iceland leads the world in terms of clean energy (Wind, Solar, Tidal, and Geothermal) - https://www.clickenergy.com.au/news-blog/12- countries-leading-the-way-in-renewable-energy 50% of the emissions come from China, USA, and India - https://www.ucsusa.org/resources/each-countrys- share-co2-emissions Circular Economy - https://www.slideshare.net/paulyoungcga/how-to- best-support-a-circular-economy
- 11. Plug-in Stations Useof diesel generators - https://thedriven.io/2018/12/14/diesel-charge-evs- remote-locations-greener-than-you-think/ Sizeable infrastructure must be built to support electrical vehicles Source - https://www.slideshare.net/paulyoungcga/plugin-stations-electrical-vehicles-february- 2021 or https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption- june-2021
- 12. Technology / Power AIand Power Production - https://www.uniper.energy/news/4- benefits-of-ai-in-the-operation-of-power-plants/ AI will reshape energy production - https://www.petroleum- economist.com/articles/low-carbon-energy/energy- transition/2020/ai-will-shape-the-energy-transition IBM and Verizon (5G) - https://newsroom.ibm.com/2020-07-16- IBM-and-Verizon-Business-to-Collaborate-on-5G-and-AI- Solutions-at-the-Enterprise-Edge RPA and Energy Sector - https://www.tcs.com/blogs/measuring- effort-in-robotic-process-automation Analytics / Utilities - https://www.globenewswire.com/news- release/2020/06/22/2051219/0/en/4-3-Billion-Energy-and- Utilities-Analytics-Industry-to-2025-COVID-19-to-Have-a- Significant-Impact-on-the-Sector.html Hydro Quebec line inspection - https://ca.finance.yahoo.com/news/hydro-qu-bec-nucleom-sign- 100000195.html
- 13. Green Agenda Economiesaround the world are very fragile. There is a big movement to push more spending towards the green economy Green https://www.slideshare.net/paulyoungcga/fail- green-agenda-ontario-july-2019 Climate Change - https://www.slideshare.net/paulyoungcga/clean- technology-the-green-economy Clean - https://financialpost.com/technology/liberals- 600-million-cleantech-fund-is-losing-money-and- struggling-to-find-investments Economy - https://www.slideshare.net/paulyoungcga/global- economy-current-state-and-whats-next
- 14. ESG Reporting Blog - Blog– ESG Reporting - Nearly 40% of large companies pose biodiversity threat: Moody's ESG study - My work - https://www.linkedin.com/pulse/blog-esg-reporting-nearly-40-large-companies-pose-threat-paul- young/?published=t Great work by CFO on this article! “Financial regulators will increasingly incorporate biodiversity indicators into reporting requirements, which will likely put increasing pressure on companies to address their impacts on biodiversity,” Moody’s ESG Solutions said. Source – https://www.cfodive.com/news/nearly-40-percent-large-companies-pose-biodiversity-threat-moodys-esg- study/601014/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-06- 01%20CFO%20Dive%20%5Bissue:34561%5D&utm_term=CFO%20Dive
- 15. Solar Power Blog –Solar Panels – What is Next? - https://www.linkedin.com/pulse/blog-solar-panels-what-next-paul-young/?published=t - Shortage of raw materials to make solar panels. - Load factors with solar panels. - Natural resources sector needs to be identified as a critical area with the supply chain. Summary The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027. The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027. The German government has undertaken initiatives to implement solar power in the country and target having 50% of their energy being derived from renewable sources by 2025. https://www.canadianmanufacturing.com/manufacturing/gblt-corp-announces-relaunching-of-its-solar-energy-division-267817/ Risks Risk 1: Changing Regulations: Losing Net Metering or SRECs. Risk 2: Electric Prices Stagnating, or Worse, Getting Cheaper. Risk 3: Partnering with an Underperforming Installer. Risk 4: Damage to Your Roof. Risk 5: Spending More Money if your Roof Needs Replaced. https://www.paradisesolarenergy.com/blog/the-top-risks-to-owning-a-solar-system or Blog – Silica Production and Solar Panels - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-solar-industry
- 16. Energy Crisis Australia exported3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand. China is already in a shortage of perhaps 50 million tons per month. If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian countries. This will also make the supply chain problems even worse. Prioritizing heating over electricity means more factory shutdowns. Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped back at the ports for hundreds of coal ships. China having coal production problems is tough because building other sources of electricity and heating will take years. Especially if China wants to get beyond current levels to support 6% per year GDP growth. https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ blogspot%2Fadvancednano+%28nextbigfuture%29 This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/
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- 18. Maximo / Electricity Blog– IBM Maximo with IBM Planning Analytics - https://ibm.box.com/s/ow662tdpto1c1p6d9u2waqxwli40x0la
- 19. ESG Reporting M y bo x f o l d e r - h t t p s : / / i b m . b o x . c o m / s / v m y i t c a c k q e v v m 1 h c x v 7 w k e 6 g u d r p n c e
- 20. Summary More andmore countries are moving to cleaner fuel supply for their electricity needs Cold weather has played havoc with renewable sources like wind and solar - https://www.foxbusiness.com/energy/texas-winter-storm-shows-diverse-energy-supply-needed-ex-energy- secretary More options when it comes to smart grids - https://www.whatissmartenergy.org/energy-blog/3-key- benefits-of-the-smart-grid Tesla makes up the vast majority of electrical vehicles - https://www.cnet.com/roadshow/news/tesla-cars-ev- registrations-us/ Global economy continues to be very fragile - https://www.slideshare.net/paulyoungcga/what-is-next-for- the-global-economy-january-2021 or https://www.slideshare.net/paulyoungcga/what-is-next-for-the- global-economy-april-2021 or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global- economy or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy Blog – Electricity – Commentary and Analysis – February 2022 Ontario business owners say high electricity rates are a threat to their survival - The Globe and Mail.pdf Canada’s clean energy firms eye soaring EU electricity prices.pdf Green power in Europe comes at a cost.pdf Global Solar Panel Recycling Market To Be Driven By The Rising Installation Of Solar Panels In The Forecast Period Of 2022-2027 - Digital Journal.pdf Vancouver firefighters issue warning amid five-fold increase in battery fires Globalnews.ca.pdf Rooftop solar flare erupts in West Roxbury Universal Hub.pdf home-microgrid-com munities.pdf Westinghouse eVinci micro-reactor gets the nod from Strategic Innovation Fund - Electrical Business.pdf Why the Grid Isn’t Ready for a Transition to Renewable Energy - WSJ.pdf Fairmat reaches agreements with Siemens Gamesa, Duqueine, Tarmac Aerosave to recycle composites CompositesWorld.pdf Inflation proves Biden has done everything wrong all at once.pdf How accessible are EV charging stations across Canada CBC News.pdf Cost of living Why some countries have lower energy bills than the UK Business News Sky News.pdf US launches $2.5bn fund to upgrade and build new transmission lines.pdf We need to rethink solar and wind power. Here's why.pdf Summary: A 2021 study from the University of Michigan estimates that 83 percent of the U.S. population lives in cities, a tremendous rise from 64 percent in 1950. That means any sustainable energy solution isn't worth anything — at least in the U.S. — until it confronts the issue of powering entire cities. And that means innovating around the conventional storage technologies seen for wind and solar. In 2021, solar and wind power generated more than 10 percent of the world's electricity, according to Global Electricity Review 2022, which was compiled by the energy think tank, Ember. That's twice the global levels of 2015, when the Paris Climate Agreement was signed. That's significant progress, but it still leaves 24 percent percent of the world's power generation (in 2020) coming from fossil fuels, according to the International Energy Agency (IEA). And the United States Energy Information Administration's (EIA's) October 2021 report said "renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability." Consequently, innovation in renewable technologies and the diversification of their capabilities are absolutely necessary tasks. "Densely populated areas require other strategies to pivot to sustainable energy," adds Cann. "Iron-air batteries are just now being commercialized, but they already have the ability to offer several days of power, stored over long periods of time — at a much lower price than lithium-ion batteries." Get more updates on this story and more with The Blueprint, our daily newsletter: Sign up here for free. But this doesn't mean renewable power can simply upgrade to lithium-ion batteries, and scale up to power, say, a major city.