Electrify, which aims to use blockchain to let users buy electricity from energy retailers and other consumers, has raised US$30 million in under 10 days via a token sale, the Singapore-based startup said in a press release. This makes it one of the largest token sales from a Singapore company on record.
ASEAN is currently facing some dilemmas on renewable energy as they have to focus on the need to deliver secure energy, grow consistently, and also develop in a sustainable way. A recent research paper suggests that tidal stream energy might be an attractive choice for Southeast Asian countries as opposed to other forms of renewable energy.
The “Vietnam Energy Efficiency for Industrial Enterprises” project aims to promote efficient energy use and contribute to the country’s overall goals of energy efficiency and conservation. The project was established by the World Bank and MoIT on December 29, 2017, and will last until July 2022, with a total budget of 158 million USD.
The declining price of solar power gets more press, but there are big things happening in wind technology too. GE Renewable Energy announced that it will be investing $400 million to develop a new monster turbine: the Haliade-X, which will be the biggest, tallest, and most powerful in the world.
The US electricity sector is in a period of unprecedented change and turmoil. Renewable energy prices are falling and natural gas production continues its extraordinary surge. Coal is headed down the tubes and it’s easy to lose sight of an equally important trend: Demand for electricity is stagnant.
The government has made an error with its decision to once again kick the issue of coal-fired power plants down the political road. Sticking with coal flies in the face of other government policies. Coal as fuel is as unpopular as it is outmoded. Fourth-generation technology demands developing solar and wind power, working with local communities to encourage micro-producers to join the national grid.
Vietnam has a significant challenge ahead: power its remarkable economic growth with less polluting and more affordable clean energy. Because electricity consumption in the commercial and industrial sectors is expected to multiply in the coming years, now is a critical moment to support large energy users in shifting to clean energy.
Recent work by the Stimson Centre, IUCN, the University of California-Berkeley, and The Nature Conservancy shows if Cambodia, Laos and Vietnam take advantage of recent advances in renewable power generation and transmission technologies, they can achieve energy security at significantly lower social, environmental and political risks than focusing on dam building on the Mekong.