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Ashden Gold Award Winners Revealed

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The 2016 Ashden Awards took place last night at a prestigious ceremony at the Royal Geographical Society in London. The Ashden Awards recognise and celebrate innovation and excellence in the sustainable energy industry. The Gold winners of the Awards, hosted by the BBC journalist Mishal Husain, have been announced as smart energy pioneer Open Energi and global finance enterprise SunFunder.

Celebrating excellence in the field of sustainable energy, the Awards include tailored support for both organisations to scale up their work along with up to £30,000 in prize money.

Winner of the Ashden International Gold Award, SunFunder is filling a crucial funding gap between investors and businesses specialising in off-grid solar energy that need short-term loans.  The judges were impressed by the game-changing nature of Sunfunder’s work – by unlocking capital for debt finance they are enabling solar companies to make power an affordable reality for the millions living off-grid.

Based in Tanzania and the US, SunFunder has so far provided over $8 million of finance to solar businesses in ten countries, helping them to offer solar electricity to thousands of people, and next year is hoping to grow sufficiently to be able to provide $50 million of finance.  SunFunder also wins the 2016 Ashden Award for Innovative Finance, supported by Citi.

Winner of the Ashden UK Gold Award, Open Energi is revolutionising the way the national grid is kept stable in a low carbon way and enabling its transition to renewable power.

Open Energi works with large corporate users, such as Sainsburys and United Utilities, and is able to invisibly adjust their electricity consumption to match available supply.  Its technology allows it to respond rapidly to fluctuations on the national grid, turning equipment up or down in under two seconds.  By intelligently shifting demand in this way, it is supporting greater use of renewable energy generation and helping to make the UK’s electricity system more efficient. Open Energi also wins the 2016 Ashden Award for Energy Innovation, supported by Impax.

After the Gold Award winners were announced, Ashden’s Founder-Director Sarah Butler-Sloss made an impassioned speech to guests at the Royal Geographical Society contrasting the boom in renewable energy that she witnessed on a recent visit to Kenya and Tanzania with the sweeping cuts to the sector in the UK.

She said: “In Kenya I visited a market town on the outskirts of the Maasai Mara nature reserve with no grid power but where SteamaCo, one of last year’s Ashden Award winners, has helped install a solar powered minigrid.  For the first time shops have lights so they can stay open after dark, cafes and bars can serve cold beer and have TV or music playing.  The butcher has a fridge.  A cinema has opened and there is an internet café.

“In the UK however it has been a tough year for sustainable energy.  The Feed-in Tariff rate for small scale solar power has dropped by over 60% and there have been other policy U-turns that are very challenging for the young solar, clean energy and energy efficiency industries.  We’ve seen some of our Award winners having to cut back on their staff and their growth plans, with their futures looking far from secure.

“I am disappointed that the UK, who had been leading in this sector, is now moving backwards, withdrawing subsidies fast and furiously – rather than being ahead of the curve and building on a very exciting industry that could provide so many jobs and help grow the economy.  I call on those with influence to persuade this government to think again and put the UK back at the forefront of renewable energy innovation.”

Energy

7 New Technologies That Could Radically Change Our Energy Consumption

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Energy Consumption
Shutterstock Licensed Photo - By Syda Productions | https://www.shutterstock.com/g/dolgachov

Most of our focus on technological development to lessen our environmental impact has been focused on cleaner, more efficient methods of generating electricity. The cost of solar energy production, for example, is slated to fall more than 75 percent between 2010 and 2020.

This is a massive step forward, and it’s good that engineers and researchers are working for even more advancements in this area. But what about technologies that reduce the amount of energy we demand in the first place?

Though it doesn’t get as much attention in the press, we’re making tremendous progress in this area, too.

New Technologies to Watch

These are some of the top emerging technologies that have the power to reduce our energy demands:

  1. Self-driving cars. Self-driving cars are still in development, but they’re already being hailed as potential ways to eliminate a number of problems on the road, including the epidemic of distracted driving ironically driven by other new technologies. However, even autonomous vehicle proponents often miss the tremendous energy savings that self-driving cars could have on the world. With a fleet of autonomous vehicles at our beck and call, consumers will spend less time driving themselves and more time carpooling, dramatically reducing overall fuel consumption once it’s fully adopted.
  2. Magnetocaloric tech. The magnetocaloric effect isn’t exactly new—it was actually discovered in 1881—but it’s only recently being studied and applied to commercial appliances. Essentially, this technology relies on changing magnetic fields to produce a cooling effect, which could be used in refrigerators and air conditioners to significantly reduce the amount of electricity required.
  3. New types of insulation. Insulation is the best asset we have to keep our homes thermoregulated; they keep cold or warm air in (depending on the season) and keep warm or cold air out (again, depending on the season). New insulation technology has the power to improve this efficiency many times over, decreasing our need for heating and cooling entirely. For example, some new automated sealing technologies can seal gaps between 0.5 inches wide and the width of a human hair.
  4. Better lights. Fluorescent bulbs were a dramatic improvement over incandescent bulbs, and LEDs were a dramatic improvement over fluorescent bulbs—but the improvements may not end there. Scientists are currently researching even better types of light bulbs, and more efficient applications of LEDs while they’re at it.
  5. Better heat pumps. Heat pumps are built to transfer heat from one location to another, and can be used to efficiently manage temperatures—keeping homes warm while requiring less energy expenditure. For example, some heat pumps are built for residential heating and cooling, while others are being used to make more efficient appliances, like dryers.
  6. The internet of things. The internet of things and “smart” devices is another development that can significantly reduce our energy demands. For example, “smart” windows may be able to respond dynamically to changing light conditions to heat or cool the house more efficiently, and “smart” refrigerators may be able to respond dynamically to new conditions. There are several reasons for this improvement. First, smart devices automate things, so it’s easier to control your energy consumption. Second, they track your consumption patterns, so it’s easier to conceptualize your impact. Third, they’re often designed with efficiency in mind from the beginning, reducing energy demands, even without the high-tech interfaces.
  7. Machine learning. Machine learning and artificial intelligence (AI) technologies have the power to improve almost every other item on this list. By studying consumer patterns and recommending new strategies, or automatically controlling certain features, machine learning algorithms have the power to fundamentally change how we use energy in our homes and businesses.

Making the Investment

All technologies need time, money, and consumer acceptance to be developed. Fortunately, a growing number of consumers are becoming enthusiastic about finding new ways to reduce their energy consumption and overall environmental impact. As long as we keep making the investment, our tools to create cleaner energy and demand less energy in the first place should have a massive positive effect on our environment—and even our daily lives.

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Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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