Technology Archives - Green Businesses

Navigating the Climate Tech Inflection Point: Insights from VERGE 23 Keynote Session

Navigating the Climate Tech Inflection Point: Insights from VERGE 23 Keynote Session At the forefront of climate tech discussions, VERGE 23 recently hosted a pivotal keynote session, delving into the inflection point that climate technology currently finds itself in. The session featured insights from Mike Schroepfer, Partner at Gigascale Capital, and Sophie Purdom, Managing Partner at Planeteer Capital, as they discussed the opportunities and challenges for innovators in the climate tech space. The Inflection Point for Climate Tech The conversation underscored the urgency of the decisions made today in shaping the speed and scale of the transition to a cleaner economy. Mike Schroepfer, former CTO of Meta and founder of the non-profit Carbon Toc Initiative, emphasized the need for collaboration and strategic partnerships to drive the implementation of new climate technologies. Scaling Climate Technologies: The Collaborative Approach Scaling new climate …

Harvesting Earth’s Heat: Geothermal Energy Production Worldwide

Geothermal energy, often referred to as Earth's hidden treasure, is gaining momentum as a sustainable source of power across the globe. Harnessing the natural heat stored beneath the Earth's surface, geothermal energy offers a clean and renewable alternative to traditional fossil fuels. In this article, we'll explore the state of geothermal energy production worldwide, highlight countries excelling in this field, and compare geothermal energy to other forms of energy production. Additionally, we'll examine the role of governments and private enterprises in advancing this promising renewable energy source. Understanding Geothermal Energy Production Geothermal energy production is rooted in the Earth's internal heat. It is generated by tapping into the natural thermal energy stored within the Earth's crust. This heat is derived from the decay of radioactive isotopes and the original heat of formation from when the Earth was created. Geothermal energy can be harnessed th…

Will the Green Growth Strategy Lead to Promising Business Opportunities? Exploring the Future Five Years from Now

The COVID-19 pandemic has brought about great changes in our society and business environment. To grasp the nature of the social transformation arising from this ongoing event, since May 2020 Nikkei BP has been conducting a series of surveys of Japanese businesspeople (more than 11,000 in total). The results unveil major alterations in their mindsets. Following the Japanese government's declaration on realizing "Carbon Neutrality by 2050" in October 2020, the Ministry of Economy, Trade and Industry (METI) took the lead in formulating the "Green Growth Strategy through Achieving Carbon Neutrality in 2050," which was unveiled in December of the same year. The Ministry positions this strategy as "an industrial policy to lead the challenging goal of achieving carbon neutrality by 2050, a vision that is upheld by the Suga administration and aims toward a positive cycle of economic growth and the environmental protection." The strategy emphasizes 14 sectors as priority fields (Fig…

Nikola Positioned to Accelerate Hydrogen Economy

Competitive electricity price paves the way for hydrogen production in Arizona Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry. Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible. By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s (“ACC”) approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions. Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among ot…

BitSource Web Development #ExportingCode

Last week I was fortunate enough to go to Fast Company’s Meeting of the Most Creative Minds conference in Los Angeles. The conference featured several amazingly innovative companies that I will also write about later but my favorite aspect was the other attendees. Most of these companies were based in LA but a few flew from all over the nation (and some even other parts of the world!) and there is one that I cannot get out of my head. BitSource is a company who is breathing life back into a sleepy town in eastern Kentucky. The economy there had heavily relied on the coal industry and had suffered tremendously in the loss. Two former coal miners founded BitSource with a mission to bring back jobs to Appalachia country. The company offers an array of web development services from programming languages to media and VR design to application development (and much more). The founders knew coal miners to be logic-based thinkers willing to work hard and learn. Afterall, w…

In Case You Needed Another Reason To Visit Aruba

Aruba, like many countries, is heavily dependent on imported fossil fuels for energy. Currently, nearly 85% of the energy is generated by heavy fuel oil but that is going to change. Aruba pledged to transition to 100% renewable electricity by 2020, particularly variable wind and solar. This 19 mile long island launched it’s Green Gateway Initiative in 2011 at the UN Rio+20 Conference on Sustainable Development. With the support of Carbon War Room, an international nonprofit, Aruba created its plan of action beginning with wind farm development, a waste-to-energy plant, and a Airport Solar Park. They are taking the Smart Growth Pathway that addresses many different areas of an expanding economy, such as; eco-tourism, incentives for household retrofitting and commercial energy efficiency, the sustainable agriculture practice known as controlled environment agriculture, urban planning that supports this transition, and investments in innovation. This plan focuses on three comp…