SDE to Power India With Sea Wave Power Plants
Delegation of a major Indian automobile manufacturers arrives to visit the offices of SDE Israel to sign a cooperation agreements and the construction of sea wave clean and pollution free power generation plants along the coast of India, following India's largest power outage in July 2012 Which left half the population of India, approximately 670 million people without electricity—the greatest power blackout in history.
SDE received Letters of Intent, under the current tariff and PPA agreement, from the Gujarat government which promised to help and assist in obtaining all approvals required to construct a sea wave power plant, the Maharashtra government, the Energy Development Agency, the Electricity Regulation Committee ( MERC ) and the Electric Company of India PTC.
SDE also created partnerships with Indian companies in recent years for the establishment of sea wave power plant with a capacity of 100 MW.
SDE has a unique invention for generating electricity from sea waves and was recently ranked by a team of independent scientists on PESWiki, an extension of Wikipedia as the world's first technology for electricity from sea waves, sixth in the technology of rivers, tidal and ocean waves, and between 100 of the world's leading green technology companies.
SEE OTHER TOP STORIES IN THE ENERGY DIGITAL CONTENT NETWORK
The lack of electricity creates an intolerable air pollution resulting from the use of oil based generators which emits carbon and toxic pollutants into the air.
The unprecedented development of India in recent years and the onset of India's markets around the world have brought great demand in India for electricity.
SDE (S.D.E), the world leader in producing clean electricity energy waves, intends to build the unique power plants along the coast of India, in collaboration with the Government of India and local partner, leading to commercial success of its unique technology.
India's Minister of Trade and Commerce met with Mr. Shmuel Ovadia, the CEO and entrepreneur of S.D.E, in Dan Panorama Hotel, Tel Aviv and discussed the country's desire to establish wave energy power plants, despite the enormous bureaucratic difficulties in the country.
Minister of Trade and Commerce said that there is a shortage in power plant in India, reaching tens of thousands MW.
SDE intends to act for the benefit of India and Israeli society and for the greater good of the world, in implementing its unique generated electricity from sea waves, without any damage to the environment and at a low cost in electricity production, compared to other existing technologies which produce clean electricity.
Former CEO Shell Oil John Hofmeister, recently told the London magazine 'The Independent', that In the near future the threshold price of a barrel will reach $ 150. He added that countries which will not be able to develop alternative sources of energy will go bankruptcy.
Due to the high potential S.D.E's sea wave's technology, the cost of building sea wave power plant at a capacity of 1 MW with S.D.E's technology , is 1 M dollars and the production cost of 1 KW/h is 2 cents.
S.D.E's technology has the lowest production cost of 2 cents per KW/h, compering to alternative cost of production that costs 12 cents for wind energy and 16 cents for solar energy.
The sea wave energy conversion method has been checked, approved and funded with the support of the Chief Scientist of Israel and the Israeli Ministry of Industry and Trade (Approval No. 23425).
SDE has registered Patents around the world and several patents are in the process of registration.
To date, the company has built 11 models of sea wave power plants that produced electricity, including a model in China with an investment of approximately of 2 M dollars. A second model is being built nowadays in Israel.
SDE is currently looking for partners and representatives around the world to facilitate and establish its sea wave power plant that produces 100% environmentally friendly and clean energy.
SOURCE SDE Ltd
Carbon dioxide removal revenues worth £2bn a year by 2030
Carbon dioxide removal revenues could reach £2bn a year by 2030 in the UK with costs per megatonne totalling up to £400 million, according to the National Infrastructure Commission.
Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades - although costs are uncertain given removal technologies are in their infancy - and revenues could match that of the UK’s water sector by 2050. The Commission’s analysis suggests engineered removals technologies need to have capacity to remove five to ten megatonnes of carbon dioxide no later than 2030, and between 40 and 100 megatonnes by 2050.
The Commission states technologies fit into two categories: extracting carbon dioxide directly out of the air; and bioenergy with carbon capture technology – processing biomass to recapture carbon dioxide absorbed as the fuel grew. In both cases, the captured CO2 is then stored permanently out of the atmosphere, typically under the seabed.
The report sets out how the engineered removal and storage of carbon dioxide offers the most realistic way to mitigate the final slice of emissions expected to remain by the 2040s from sources that don’t currently have a decarbonisation solution, like aviation and agriculture.
It stresses that the potential of these technologies is “not an excuse to delay necessary action elsewhere” and cannot replace efforts to reduce emissions from sectors like road transport or power, where removals would be a more expensive alternative.
The critical role these technologies will play in meeting climate targets means government must rapidly kick start the sector so that it becomes viable by the 2030s, according to the report, which was commissioned by government in November 2020.
Early movement by the UK to develop the expertise and capacity in greenhouse gas removal technologies could create a comparative advantage, with the prospect of other countries needing to procure the knowledge and skills the UK develops.
The Commission recommends that government should support the development of this new sector in the short term with policies that drive delivery of these technologies and create demand through obligations on polluting industries, which will over time enable a competitive market to develop. Robust independent regulation must also be put in place from the start to help build public and investor confidence.
While the burden of these costs could be shared by different parts of industries required to pay for removals or in part shared with government, the report acknowledges that, over the longer term, the aim should be to have polluting sectors pay for removals they need to reach carbon targets.
Polluting industries are likely to pass a proportion of the costs onto consumers. While those with bigger household expenditures will pay more than those on lower incomes, the report underlines that government will need to identify ways of protecting vulnerable consumers and to decide where in relevant industry supply chains the costs should fall.
Chair of the National Infrastructure Commission, Sir John Armitt, said taking steps to clean our air is something we’re going to have to get used to, just as we already manage our wastewater and household refuse.
"While engineered removals will not be everyone’s favourite device in the toolkit, they are there for the hardest jobs. And in the overall project of mitigating our impact on the planet for the sake of generations to come, we need every tool we can find," he said.
“But to get close to having the sector operating where and when we need it to, the government needs to get ahead of the game now. The adaptive approach to market building we recommend will create the best environment for emerging technologies to develop quickly and show their worth, avoiding the need for government to pick winners. We know from the dramatic fall in the cost of renewables that this approach works and we must apply the lessons learned to this novel, but necessary, technology.”
The Intergovernmental Panel on Climate Change and International Energy Agency estimate a global capacity for engineered removals of 2,000 to 16,000 megatonnes of carbon dioxide each year by 2050 will be needed in order to meet global reduction targets.
Yesterday Summit Carbon Solutions received "a strategic investment" from John Deere to advance a major CCUS project (click here). The project will accelerate decarbonisation efforts across the agriculture industry by enabling the production of low carbon ethanol, resulting in the production of more sustainable food, feed, and fuel. Summit Carbon Solutions has partnered with 31 biorefineries across the Midwest United States to capture and permanently sequester their CO2 emissions.
Cory Reed, President, Agriculture & Turf Division of John Deere, said: "Carbon neutral ethanol would have a positive impact on the environment and bolster the long-term sustainability of the agriculture industry. The work Summit Carbon Solutions is doing will be critical in delivering on these goals."
McKinsey highlights a number of CCUS methods which can drive CO2 to net zero:
- Today’s leader: Enhanced oil recovery Among CO2 uses by industry, enhanced oil recovery leads the field. It accounts for around 90 percent of all CO2 usage today
- Cementing in CO2 for the ages New processes could lock up CO2 permanently in concrete, “storing” CO2 in buildings, sidewalks, or anywhere else concrete is used
- Carbon neutral fuel for jets Technically, CO2 could be used to create virtually any type of fuel. Through a chemical reaction, CO2 captured from industry can be combined with hydrogen to create synthetic gasoline, jet fuel, and diesel
- Capturing CO2 from ambient air - anywhere Direct air capture (DAC) could push CO2 emissions into negative territory in a big way
- The biomass-energy cycle: CO2 neutral or even negative Bioenergy with carbon capture and storage relies on nature to remove CO2 from the atmosphere for use elsewhere