Today, almost every company uses its bits and bytes on servers that always require a firm decision. As a technology entrepreneur with a background in electrical engineering looking for a better future for our cities, I ask this question: Are we able to do what we want as our energy needs to grow?
Recently, we have seen the power outage in California, the deadly power outage in Texas, and the costly electricity bills falling across the U.S. Our energy needs in our technology community are growing exponentially. We want a green future for electric cars and connected to everything. Then there are digital assets, from Bitcoin to tokens to commodities, which require electricity equivalent to the use of small countries. But it doesn’t seem like we’re keeping the lights on right now, when our energy needs are small compared to that bright future. We once dreamed of the cheapest electricity to measure a meter, enabling a paradise on Earth. But power outages as we have seen in Texas recently are not a problem. If we are not careful, this power outage could be very serious.
And now we are beginning to make major changes that will require more electricity.
Welcome to the era of electric cars, when the future has already come (though it is still unevenly distributed, especially in California). There are more than 275 million vehicles registered in the U.S. 7 million plug-in and hybrid EVs sold over the past two decades. Let’s assume that all EVs are on the way. That would take us to about 2.5% of all registered cars. It is predicted that by 2040, EVs will account for more than half of all passenger vehicles sold. Let’s take that as a given and imagine that EVs will continue to find a place after 2040.
For simplicity, I will ignore the many types of electric vehicles and use the 2020 Tesla Model 3 Standard Range Plus, which requires 24 kilowatt hours per 100 miles, as a stopover on most EVs. If you drive 13,500 miles per year (U.S. average), that is 3,240 kWh.
Therefore, to empower 275 million EVs in the U.S., my napkin figures show that we will need 891 billion kWh per year.
Last year, U.S. power production It has produced about 4 trillion kWh of electricity. This means that in order to generate all the cars, about 25% of the electricity available today will have to be used. After all, we have 20 to 30 years of capacity building.
Combine this with the fact that 84% of the world’s energy comes from mineral oil, which we are trying to eliminate to combat climate change.
And that’s just the transportation sector, of course. We are not aware of the growing demand for electricity in some sectors.
If we have trouble meeting our current energy needs – and are there – how will we do that if EVs are not working?
Now the question is, what is the source of energy that we will use to generate energy?
We Need To Set A Great Creative Power
Contrary to popular belief, I do not think that green energy technology will suffice. And I think we need to stop the illusion that further development of energy resources will suffice.
We will need around 7.86 billion solar panels to power the U.S. By the power of the sun. At a height of 3.5 meters, that’s 5 million miles panels. It could take us more than 1,700 times across the U.S. Providing the current need. That, of course, probably assumes that the sun is shining. Solar panels do not produce much electricity on cloudy days. Wind power consumption is increasing, and in Denmark or Costa Rica wind, is fine. However, I do not think that there is enough attention when the wind blows and the coal or gas power plant should take over the leak. Currently, marine power plants are limited to 12 to 14 hours of efficient use in one place. And to compensate for the rising and falling of the water cycle, a marine power station must be built up to the coast.
The main problem is the volume point (the ratio between the actual power output and the maximum possible output) of any given renewable source. While nuclear power is estimated at 93.5%, electrical energy is 39.1%, wind energy is 34.8% and solar energy is 24.5%.
If we want to get power from people, I think we have to expand our reach beyond the sun, wind and waves. Power consumption will increase. Although we do not want to use fossil fuels, we still need energy from other sources.
A truly successful Green New Deal can focus on services and revitalizing the fusion energy sector. In fact, the power of fusion has deteriorated in recent years and may be years away. Small nuclear reactors can help fill the gap, if we can overcome our fears of this technology. It is a psychological barrier like engineering. The first solution was developed more than 70 years ago, and reliability and safety have improved with new designs.
In addition to power generation, we can also look at smart grids. Imagine if all the electric cars stopped helping the electric cities at night, it became an widespread system of batteries. This can serve as a backup power generator. These vehicles can start charging and power electricity in homes, hospitals and cities.
What can a company do to achieve this new energy path? Invest in new investments – through partnerships, skunkworks research and development, and real estate investments in other new companies that are pioneering this technology.
For those who have foresight and resources they use, the potential for removal