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City Green Energy Scheme Reduces Energy Bills in Edinburgh

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An Edinburgh housing estate will reap the rewards of a new green energy scheme, through cheaper energy bills.

People living in Dumbiedykes can look forward to lower costs after the Tower Power project received a funding award of £821,200 from the Scottish Government’s Local Energy Challenge Fund. The Tower Power project supports a Comas initiative in the community called 20 More, which aims to make households better off.

Ruth Campbell, Chief Executive of Comas, said: “Fuel poverty is a major aspect of the experience of poverty in Scotland. This initiative is a practical solution which, coupled with action on food security and welfare benefits, can change a community for the better, financially and environmentally”.

In partnership with Community Energy Scotland, the project aims to secure a better deal for energy users by enabling them to buy energy collectively rather than via individual contracts with suppliers. Residents will also be able to maximise the value of electricity generated on site when solar panels are installed on the roofs, reducing the need to buy in energy.

Nicholas Gubbins, Chief Executive of Community Energy Scotland, said: “This funding award is brilliant news for the residents of Dumbiedykes, who will enjoy tremendous benefits from the Tower Power scheme.

“The initiative will offer people savings on their energy bills while marking a significant improvement in the way their energy is provided.

We look forward to continuing engaging with local people and helping them to save money on their electricity costs.

It is hoped that all 670 homes within the development will be able to benefit, while a co-operative will be established in the community to manage the scheme.

The funding boost came as the Scottish Government awarded more than £10 million to support nine large-scale, low carbon energy projects across the country via the Local Energy Challenge Fund.

Launched in August 2014, the fund supports projects which aim to develop local energy systems, demonstrating the benefit of localised, low-carbon energy economies.

Laura Campbell, Challenge Fund project manager, said: “Local Energy Scotland is delighted to be able to provide support through the Scottish Government’s Local Energy Challenge Fund to these innovative and aspirational projects.

“We are looking forward to working with the project teams over the next couple of years to see these ground-breaking ideas become a reality.

“Community energy represents tremendous potential to empower people to make the most of their local resources. By supporting local energy development we can help tackle some of our most pressing energy issues including fuel poverty, increasing costs and security of supply.

“It’s exciting to think that these projects have the potential to shape the future of Scotland’s local energy economies and act as demonstrators for other communities.”

The Local Energy Challenge Fund panel also intends to provide support to the following projects:

  • Tower Power
  • Algal Solutions for Local Energy Economies
  • SMART for Fintry
  • Large Scale ASHP District Heat Exemplar
  • Montrose Local Energy Project
  • River Tay Heat Pump District Heating
  • Heat Smart Orkney
  • Energise Galashiels Hydro
  • Outer Hebrides Local Energy Hub

The Local Energy Challenge Fund is part of the Scottish Government’s Community and Renewable Energy Scheme (CARES). It is managed by Local Energy Scotland, a consortium led by the Energy Saving Trust and including Changeworks, the Energy Agency, SCARF and the Wise Group, with support from Ricardo-AEA.

Tower Power is a partnership between Community Energy Scotland and community development agency Comas, The City of Edinburgh Council, Glasgow City Council, Tempus Energy with additional support from other technical and power suppliers.

For more information visit: www.localenergyscotland.org/challenge

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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