Feb 26, 2019

Kyocera and LO3 Energy to test blockchain-managed VPP

Andrew Woods
3 min
CSO reports on blockchain VPP
Kyocera Corporation and LO3 Energy Inc. have announced a joint project to test the feasibility of a blockchain-managed virt...

Kyocera Corporation and LO3 Energy Inc. have announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP).

The testing of the peer-to-peer distributed consensus network will start 28 Feb, 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP will be installed using the company’s solar photovoltaic (PV) modules and batteries.

The energy will be controlled through LO3 Energy’s distributed ledger technology to log and manage energy flow. LO3’s blockchain technology is used for verifying and recording transactions, enabling consumer “sharing” of energy they produce with their own solar panels via a microgrid, which can reduce the burden on the larger energy grid.

In Japan, where renewables play a major role in the government’s energy portfolio plans, a dedicated research initiative is under way to create new “smart” energy networks. Kyocera has continually provided solar power generating systems and storage batteries for Japan’s government-led VPP test projects, developing new expertise in remotely controlled distributed power resources. By combining Kyocera’s expertise with LO3 Energy’s blockchain technologies, the companies will evaluate VPPs that promote a low-carbon society without fuels or CO2 emissions.

Hironao Kudo, Deputy General Manager of Kyocera Corporation’s Corporate R&D Group said: “Kyocera is committed to developing low-carbon solutions that maximize renewable energy resources. We are excited to be the company in the area of grid management in Japan to collaborate with LO3 Energy, which has consistently proven its blockchain technologies all around the world.” Kyocera entered the renewable energy field in the 1970s with solar photovoltaic (PV) modules and has continued to diversify its business into storage batteries and HEMS solutions.

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“The need to reduce carbon emissions is exerting a profound impact on energy providers worldwide,” said Lawrence Orsini, CEO of LO3 Energy. “Using distributed ledger technologies, our networks enable the micro energy transactions needed to meet this challenge. We believe the synergies between Kyocera and LO3 Energy will produce a new generation of virtual power plants that can accelerate Japan’s transition to a low-carbon society.”

Kyocera’s solar power generating systems and storage batteries will be installed in the Yokohama Nakayama Office to simulate separate power users. The companies will further develop their VPP technology using data from IoT sensors to increase the accuracy of distributed power sources used by the project’s simulated Transmission and Distribution System Operators.

In addition, the companies will examine power-control results using LO3 Energy’s expertise in blockchain technologies that have been proven worldwide. LO3 Energy’s peer-to-peer platform helps control power generation and availability among connected users, which facilitates an effective test environment. Through this testing, the companies will develop new ways to expand the efficiency of existing energy transmission and distribution networks in Japan and worldwide.

 

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May 14, 2021

Mirico Cloud identifies emission changes

Emissions
Decarbonisation
Climatechange
Dominic Ellis
4 min
The platform allows customers to quantify gas emissions across multiple oil and gas sites - and comes amid more scrutiny over Paris-aligned targets

Mirico is extending its gas measurement services with the launch of Mirico Cloud for the oil and gas industry.

The platform lets customers detect and quantify gas emissions across multiple oil and gas sites, and quickly fix issues causing changes in emissions. Customers can be contacted by SMS or email for alerts if a new emission is above a certain size, or about an existing known emission that has started to grow.

Customisable dashboards can show average emissions over the last 24 hours or how emissions vary by asset type.

"It's great to be able to broaden the service we provide our customers," said Dr Linda Bell, CEO of Mirico. "We really feel this is a big step forward in helping the oil & gas industry to quickly identify emission issues at scale and ultimately help them in their goals to reach net zero."

The industry remains under intense pressure to deliver on emission targets. Achieving 50% lower emissions by 2030 will require either full electrification of the West of Shetland and Central North Sea or earlier-than-expected field cessations, according to Wood Mackenzie.

In 2018 the UK produced 451 million tonnes CO2 equivalent (MtCO2e) of greenhouse gas emissions. Around 3% of this total is direct emissions from oil and gas activity on the UK Continental Shelf. Energy generation, mainly from fossil fuels,  produced 23% of emissions, and the transport industry accounted for a further 28%, mostly from the use of oil-based products.

The North Sea Transition deal has four key pillars:

  • Supply decarbonisation reduce emissions from oil and gas production by 50% by 2030
  • Carbon capture and storage (CCS) target 10 Mtpa of carbon capture by 2030
  • Hydrogen deliver 5 GW of low-carbon hydrogen capacity by 2030
  • Supply chain/people deliver investment of £14-16 billion into low-carbon technology by 2030

Methane in the spotlight, a busy 48 hours for bp and JPMorgan releases carbon reduction targets

Institutional investors with a collective $5.35 trillion in assets are calling on the Biden administration to get tougher about methane emissions as it seeks to address climate change. "Any credible pathway for the use of natural gas in a Paris-aligned future must address methane emissions," it states.

Cutting human-caused methane by 45% this decade would keep warming beneath a threshold agreed by world leaders, according to the UN Environment Programme. Such reductions would avoid nearly 0.3°C of global warming by 2045 and would be consistent with keeping the Paris Climate Agreement’s goal, to limit global temperature rises to 1.5˚C, within reach.

bp and CEMEX will work together on accelerating the ‎progress of the latter's 2050 ambition to deliver net zero CO2 concrete globally. Around 70% of global emissions come from transport, ‎industry and energy and cement making is energy intensive. Last week bp and renewable energy supplier Pure Planet forged a partnership to launch a new digital energy service that will support households, EV drivers and energy consumers in the UK.

Hot on the heels of the CEMEX announcement, bp shareholders rejected a plan that would have forced the company to strengthen its climate commitments in an AGM poll, with only 20.65% pledging support. "We will continue to engage with shareholders on our strategy, targets and aims so as to ensure their views are fully understood," it stated. One of the challenges is that there is no single metric that measures Paris consistency, according to chief executive Bernard Looney.

JPMorgan Chase yesterday released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement, publishing 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. It also released its new Carbon Compass methodology that describes how the firm set its targets and how it will monitor progress over time, and unveiled a Center for Carbon Transition

“There must be collective ambition and cooperation by business and government to tackle climate change,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase. "Setting our Paris-aligned targets is an important step toward accelerating the transition to a low-carbon economy and meeting the goals of the Paris Agreement. JPMorgan Chase is committed to doing its part by working with clients around the world to reduce emissions and by ensuring our own operations remain carbon neutral."

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