As the world prepares for the Climate Summit in Paris, a plucky volunteer-led company is attempting to join the world’s best scientists in defeating global climate change. Recent government attacks on the community energy sector, in particular the recent extraordinary government decision to remove tax relief from investment in community energy schemes on 30 November, means that the Teddington & Ham Hydro team is racing against time to raise as much capital as possible by the end of the month.
The team is offering shares in the scheme at a decent rate of return – and, of course, the social and environmental benefits involved – but investors must buy their shares by 26 November.
Along with 25 other projects nationally, the T&HH team are in a dash to beat this deadline. The Great Energy Dash, as it’s been dubbed, is collectively trying to raise over £10mn in a little over a week. However in one day alone, nearly £1mn was raised, so there is demand for these great projects!
Given the urgency of the global climate situation, you would think that a multinational energy company would be especially interested in this as the world turns towards cleaner, renewable, green energy production.
However, this is not the case for Teddington & Ham Hydro. As the rest of the world is turning its focus onto renewable sources of energy the UK appears stubbornly stagnant when it comes to green energy production. Teddington & Ham Hydro, run by local volunteers and supported by local residents, is battling against the 100% Shell-owned Lensbury Club, a private members club, to construct a medium-sized hydro power scheme. The club has consistently ignored the hydro scheme’s potential benefits – for instance, by purchasing the electricity produced, the club could decarbonize its operations.
It is now seeking to overturn the democratically achieved planning approval with a cynical judicial review application design to stall the process. In a speech given in the House of Commons in 2012, David Cameron said he wanted to cut the number of judicial reviews, claiming they were hampering economic growth and that many applications were “completely pointless”. Indeed they are rarely successful, with only 3% of judicial reviews achieving their goals in 2010 – they are often nothing more than a stalling tactic, albeit an expensive one.
Stephen Jarvis, Managing Director, Teddington & Ham Hydro said: “Many local communities throughout the UK have grasped the opportunity to be more resilient and autonomous by developing community renewable energy. As well as the benefits of cheaper, greener energy controlled by the local community, these schemes have shown to also to encourage greater community cohesion through engagement in a common goal as well as kick-starting a wider discussion on saving energy through energy efficiency. We can now grasp at the benefits of our own community renewable scheme in the form of Teddington & Ham Hydro, a hydropower project at Teddington Weir.”
Zac Goldsmith, MP said: “Teddington & Ham Hydro is a hugely exciting local project, but it is also important nationally. Small-scale, decentralised clean energy is without a doubt a big part of the future, and I believe that, once completed, the project will be among the largest community-run river hydro scheme in Europe, generating enough power for over 500 homes and saving around 1000 tonnes of CO2 emissions annually. In addition to promoting community cohesion, the Teddington & Ham Hydro team have created a pioneering scheme which will generate local employment and provide environmental benefits and community gain. I’m proud that my community is at the cutting edge.”
Jean Loveland, deputy Mayor of Richmond Council said: “It is time to look at things in a different way and prepare us for the exciting future whilst being respectful of our history. We need to nurture our young residents and get them involved – our present and what we treasure is perhaps not what our children will. We need to find a way of embracing new technologies, caring for our environment but ensuring we leave a heritage for our children.”
Regarding community energy, Boris Johnson said: “the proposals [to remove EIS tax reliefs for community energy] may endanger the expansion of the sector given the investment required for the upfront capital costs” and “there is a danger of unintended consequences”
Find out more here.
Are the UK Governments Plans for the Energy Sector Smart?
The revolution in the energy sector marches on, wind turbines and solar panels are harnessing more renewable energy than ever before – so where is it all leading?
The UK government have recently announced plans to modernise the way we produce, store and use electricity. And, if realised, the plans could be just the thing to bring the energy sector in line with 21st century technology and ideologies.
Central to the plans is an initiative that will see smart meters installed in homes and businesses the length and breadth of the country – and their aim? To create an environment where electricity can be managed more efficiently.
The news has prompted some speculation about how energy suppliers will react and many are predicting a price war. This could benefit consumers of electricity and investors, many of whom may be looking to make a profit by trading energy company shares online using platforms such as Oanda – but the potential for good news doesn’t end there.
Introducing New Technology
The plan, titled Smart Systems and Flexibility is being rolled out in the hope that it will have a positive impact in three core areas.
- To offer consumers greater control by making smart meters available for all homes and businesses by 2020. Energy users will be able to monitor, control and record the amount of energy they use.
- Incentivise energy suppliers to change the manner in which they buy electricity, to offer more smart tariffs and more off-peak periods for energy consumption.
- Introduce new standards for electrical appliances – it is hoped that the new wave of appliances will recognise when electricity is at its cheapest and at its most expensive and respond accordingly.
How the Plans Will Affect Solar Energy
Around 7 million houses in the UK have solar panels and the government say that their plan will benefit them as they will be able to store electricity on batteries. The stored energy can then be used by the household and excess energy can be exported to the national grid – in this instance lower tariffs or even payment for the excess energy will bring down annual costs significantly.
The rate of return on energy exported to the national grid is currently between 6% and 10%, but there are many variables to take into account, such as, the cost of battery storage and light levels. Still, those with state-of-the-art solar electricity systems could end up with an annual profit after selling their excess energy.
The Internet of Things
Much of what the plans set out to achieve are linked to the now ubiquitous “internet of things” – where, for example, appliances and heating systems are connected to the internet in order to make them function more smartly.
Companies like Hive have already made great inroads into this type of technology, but the road that the government plans are heading down, will, potentially, go much further -blockchain technology looms and has already proved to be a game changer in the world of currency.
It has already been suggested that the peer to peer selling of energy and exporting it to the national grid may eventually be done using blockchain technology.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don and Alex Tapscott, Blockchain Revolution (2016)
The upshot of the government’s plans for the revolution of the energy sector, is that technology will play an indelible role in making it more efficient, more flexible and ultimately more sustainable.
4 Case Studies on the Benefits of Solar Energy
Demand for solar energy is growing at a surprising rate. New figures from SolarPower Europe show that solar energy production has risen 50% since the summer of 2016.
However, many people are still skeptical of the benefits of solar energy.Does it actually make a significant reduction in our carbon footprint? Is it actually cost-effective for the company over the long-run?
A number of case studies have been conducted, which indicate solar energy can be enormously beneficial. Here are some of the most compelling studies on the subject.
1. Boulder Nissan
When you think of companies that leverage solar power, car dealerships probably aren’t the first ones that come to mind. However, Boulder Nissan is highly committed to promoting green energy. They worked with Independent Power Systems to setup a number of solar cells. Here were the results:
- Boulder Nissan has reduced coal generated electricity by 65%.
- They are on track to run on 100% renewable energy within the next 13 years.
- Boulder Nissan reduced CO2 emissions by 416,000 lbs. within the first year after installing their solar panels.
This is one of the most impressive solar energy case studies a small business has published in recent years. It shows that even small companies in rural communities can make a major difference by adapting solar energy.
2. Valley Electric Association
In 2015, the Valley Electric Association (VEA) created an 80-acre solar garden. Before retiring from the legislature, U.S. Senate Minority Leader Harry Reid praised the new project as a way to make the state more energy dependent and reduce our carbon footprint.
“This facility will provide its customers with the opportunity to purchase 100 percent of their electricity from clean energy produced in Nevada,” Reid told reporters with the Pahrump Valley Times. “That’s a step forward for the Silver State, but it also proves that utilities can work with customers to provide clean renewable energy that they demand.”
The solar energy that VEA produced was drastically higher than anyone would have predicted. SolarWorld estimates that the solar garden created 32,680,000 kwh every year, which was enough to power nearly 4,000 homes.
This was a major undertaking for a purple state, which may inspire their peers throughout the Midwest to develop solar gardens of their own. It will reduce dependency on the electric grid, which is a problem for many remote states in the central part of the country.
3. Las Vegas Casinos
A number of Las Vegas casinos have started investing in solar panels over the last couple of years. The Guardian reports that many of these casinos have cut costs considerably. Some of them are even selling the energy back to the grid.
“It’s no accident that we put the array on top of a conference center. This is good business for us,” Cindy Ortega, chief sustainability officer at MGM Resorts told Guardian reporters. “We are looking at leaving the power system, and one of the reasons for that is we can procure more renewable energy on the open market.”
There have been many benefits for casinos using solar energy. They are some of the most energy-intensive institutions in the world, so this has helped them become much more cost-effective. It also helps minimize disruptions to their customers learning online keno strategies in the event of any problems with the electric grid.
4. Boston College
Boston College has been committed to many green initiatives over the years. A group of researchers experimented with solar cells on different parts of the campus to see where they could produce the most electricity. They discovered that the best locationwas at St. Clement’sHall. The solar cells there dramatically. It would also reduce CO2 emissions by 521,702 lbs. a year and be enough to save 10,869 trees.
Boston College is exploring new ways to expand their usage of solar cells. They may be able to invest in more effective solar panels that can generate far more solar energy.
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