"Boston Metal’s technology, Molten Oxide Electrolysis, passes electricity through the iron oxide mixed with what Carneiro calls a “soup of other oxides” to make iron and oxygen. Oxides are chemical compounds that contain at least one oxygen atom, and Boston’s process includes common oxides like alumina, silica, calcium and magnesium."
Renewables will soon account for one-fourth of the total U.S. power supply, the Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook.
"Benefits to local areas from wind and solar power could generate $60 billion in annual revenue by 2030, according to a 2021 report by the Colorado-based Rocky Mountain Institute. Much of that money will flow to rural areas, rivaling the economic impact of the beef, corn, and soy industries. That $60 billion figure includes $2.7 billion in annual tax revenue, $2.2 billion in annual payments to landowners and $6 billion in annual wages for construction and maintenance jobs."
With the need to address water scarcity becoming prevalent, private sector leaders are stepping up to offer long-term solutions.
"PERMIAN FIRSTExxon is starting with 700 sites in the U.S. Permian basin to end routine flaring globally by 2030. It installed acoustic sensors, optical gas imaging cameras, additional pipelines and is expanding technology to quickly shut down operations remotely if needed."
"HEINEKEN aims to reach net zero emissions in its own operations by 2030 and to ensure the same throughout its value chain 10 years later. Since 2018, it has established more than 130 renewable energy projects, including solar-powered breweries."
"But this recent announcement was not the first time the orange-branded store went green. Over 80 of the company’s stores currently have rooftop solar arrays and many more use wind energy. These developments, when combined with the new solar purchase, are reportedly enough to power at least 500 of The Home Depot’s 2,319 stores."
"For Doosan, the investment is expected to provide an opportunity to pursue diverse industrial applications of the Xe-100 technology, including the use of steam heat from the reactor to produce hydrogen or for other industries."
Developing robust energy infrastructure is necessary to help the global poor escape their economic plight. Affordable, dependable power is a necessity for lifting Africans out of poverty. Increasing economic vitality, in turn, will allow countries to develop the necessary infrastructure and innovations to improve well-being and reduce climate risk.
"The report concluded by stating the growth of renewables has been a significant source of revenue for local jurisdictions and landowners across Texas, but any policy changes that reduce renewable or storage deployment in Texas will reduce these benefits, which are a lifeline to many rural communities across the state."
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