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Conference Green Energy Transition

Photo: Green Energy transition conference / Promo
Photo-illustration: Unsplash (Mark Merner)

In cooperation with the Chamber of Commerce and Industry of Serbia, the Belgian-Serbian Business Association, Hellenic Business Association of Serbia, Swiss-Serbian Chamber of Commerce and the Croatian Business Club, invite you to the conference GREEN ENERGY TRANSITION.

The conference will be held on Friday, April 19, 2024, in the large hall of the Chamber of Commerce and Industry of Serbia, starting at 10 a.m.

This joint event is organized to strengthen the dialogue between bilateral business associations and the Chamber of Commerce and Industry of Serbia on the topic of implementing the green energy transition, one of the strategic goals of the Republic of Serbia. Based on proposals from members of the four bilateral business associations, the following topics will be presented at the conference:

CBAM – Carbon Border Adjustment Mechanism – How will the mechanism for reducing greenhouse gas emissions (GHG) affect the Serbian economy? Key issues, obligations, and deadlines for entities subject to CBAM regulations during the transitional period will be discussed in the context of climate measures aimed at preventing carbon leakage risk and supporting increased EU ambition in climate change mitigation.

Participation of commercial buyers in the electricity market – The Energy Law recognizes two categories of buyers: households and small buyers on guaranteed supply, as well as commercial buyers related to industry, agriculture, and the service sector including trade, hotels, banks, etc. Commercial buyers have the right to participate in the exchange and purchase electricity at exchange prices. This type of participation requires certain company knowledge but also provides benefits enabling access to green energy at an acceptable price. Opportunities for participation, benefits, and exchange operations will be discussed.

Energy portal

Energetik Energija Conquers the Regional Market

Photo: Energetik energija d.o.o
Photo: Energetik energija d.o.o

As one of the leading distributors of photovoltaic components in the Balkans, Energetik energija d.o.o. offers customers the best solutions in the field of photovoltaics. We discussed everything they did this year and plans for the next with Riccardo Frisinghelli, executive director of Energetik Energija d.o.o.

Q: To be the largest regional distributor of photovoltaic materials requires continuous commitment. How do you manage to maintain such a position, what challenges do you face and how do you overcome them?

A: Honestly, I don’t know if Energetik is the largest specialized distributor of PV products in this region, I know more and more customers are putting their trust in us feeling our effort to understand them more and more. This regional market is still full of companies that do installations and distribution of products too, but the question is how they can maintain the quality of doing work so different from each other. To be a real PV specialized distributor doesn’t mean to have products in stock, it doesn’t mean having only fast logistics and it doesn’t even mean spam with dumping prices in the mailboxes of the installers. This is actually the perfect way to prove to the pv installer what you think about them.

Luckily the PV installers are more and more than the companies that only look for the best price… they buy as we buy, from the one that really proves to us availability to understand our daily troubles, to the one we feel empathic and competent about our work, the one is ready to create a tailor-made solution if I need it or a standard and fast combo of products if I need it asap. At Energetik, we’re not competitors to our customers. Our technicians continuously feed our customer’s skills on a weekly basis with our suppliers and because of their background with over 20 years of experience in real installations, they are acknowledged as pioneers of PV in the region. In Energertik we are not a competitor of our customers, our technicians are feeding their competencies on a weekly base with our supplier and because they are coming from more than 20 years of real installations, recognised as pioneers of PV in the region indeed the best answer I can give you about how we maintain such a position….it’s that we don’t think about the position at all… the position is the “side effect” of our approach to the needs of the customers.

IN FOCUS:

Q:This year, the company Energetik energija d.o.o. published the 2023 STORAGE GUIDE and STORAGE MAP. What makes these manuals important to customers and what are their impressions? Do you plan to publish more similar content in the future?

A: Knowledge and competencies, fast answers, and real solutions are our strengths. Throughout this year, we have published various tools and organized numerous educational meetings in Slovenia, Serbia, and Croatia. All of these events exceeded our expectations. In July, during an event in Belgrade, the room was so full that we asked the hotel to provide a larger space. Competencies are not something that pops up like mushrooms; they result from years of experience, mistakes, and solutions. The tools we create and the meetings we organize always include a segment featuring suppliers such as Solaredge, Sungrow, Trina, or K2 and the specific part when Energetik team explains a topic directly to the customer. These topics may cover bureaucracy, papyrology, new incentives, and more. Real discussions are conducted without wasting the time of our customers, because they don’t have time to waste, as we are well aware of it. Are we going to publish more is not a question for us. We follow the market in close cooperation with suppliers, follow every change and when it happens we always make updates and inform customers about it. The last change we made is actually a completely new Storage Map with the newest information and product from the end of October 2023. So, the new comparative table of every possible combination of inverters and batteries.

Q:We believe that 2023 was another successful year for your company’s operations. What would you point out as the most significant achievements?

Photo: Energetik energija d.o.o

A: Energetik is growing, and the numbers confirm this trend even in turbulent year 2023 for photovoltaic market. We have customers from across the EU who come every week to make purchases with us. I am confident that in Energetik, they find the same attention and approach to our work, as well as the same passion for our customers in each dept of Enetgetik. This is another confirmation that customers feel secure, understood, and indeed receive everything necessary for successfully closed deals.

Q:What are the business plans and expectations for the next year? Do you plan to organize technical training in the next year that will be available for our region?

A: I believe in the potential of this field in the region, but we are facing the same complications between end users, grid operators and politics. Usually, the end users are more ready than the others are, and sometimes this distance affects the mood of the investors. In order to grow, this field needs concrete actions from the politics and investments in roof installations for homeowners. 6 Kwp by 6Kwp, self-consumption to bring the real value of what we do… to create their own energy on the roof. I think the loud advertisement about a huge system on the ground is not exactly a big support for a guy who wants to install 6Kwp to save his own electric bill.

Interviewed by: Katarina Vuinac

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

ESG In the Oil Industry – Sustainable Business Implies Responsibility

Photo: NIS
Photo: NIS

The focus of the last United Nations Summit on Sustainable Development Goals, which took place in mid-September, was precisely on fulfilling these goals. Officials warn that the situation is slowly but surely becoming alarming regarding the deadlines defined by the 2030 Agenda. This Sustainable Development Strategy was adopted at the 2015 Summit and incorporates universal guidelines formulated in 17 sustainable development goals, focusing on economic growth, social inclusion and environmental protection. According to available information, so far, only 15 per cent of the defined goals have been fulfilled at the global level, and the worrying fact is that this inadequate result has been achieved halfway to the set deadline by which all sustainable development goals are expected to be fully accomplished.

Sustainable development on the domestic business scene

To contribute to accomplishing the UN goals in the countries in which they operate, socially responsible companies shape their corporate policies and business strategies based on sustainable development principles. In some countries, this is also a legal obligation. In Serbia, this area is not regulated by law, but many companies have invested a lot of effort into accomplishing sustainable development goals. NIS is one of them. The company’s Sustainable Development Report recognizes 12 of the 17 UN goals, and through its activities and projects, NIS has been working toward accomplishing these goals. One of the goals that the company especially focuses on is promoting safe work, a healthy and safe working environment and environmental protection.

NIS underlines that promoting inclusive and sustainable economic growth is impossible without creating conditions that facilitate a safe and healthy work environment, primarily through improving internal tools to ensure fewer injuries at work and greater employee safety. The company adds that they set the most ambitious goal related to work health and safety: zero work injuries and occupational diseases and no negative impact on the working and living environment. NIS employees and all contractors, partners, and visitors to NIS locations must comply with prescribed security procedures. At the same time, the company is always willing and ready to implement the best global practices in this area with its partners.

IN FOCUS:

Golden HSE (Health, Safety, Environment) rules

Photo: NIS

NIS implements six golden HSE rules, which must be followed by all employees and other persons working or staying at NIS locations to increase work safety. Also, a HSE training system was formed which helps employees to acquire risk management knowledge and skills at their workplaces, while HSE training is aligned with business needs. In NIS, among other things, a modern electronic learning method was developed to be used in HSE training, which covers the HSE topics in an interesting and interactive way. The results of this training were recognized by the Directorate for Work Health and Safety of the Ministry of Labor, Employment, Veteran and Social Affairs, which, in the last two years, ranked NIS first in the competition for national work health and safety awards in the 28th April Charter category.

Environmental projects in focus

To ensure sustainable forms of consumption, NIS operations are based on a responsible attitude towards resources and environmental protection. Since 2009, the company has invested more than 900 million euros in environmental projects and projects that significantly boost environmental protection in the Republic of Serbia. One of the results is the reduction of emissions of polluting substances into the air by as much as 90 per cent over the last 10 years. NIS has also incorporated their approach towards environmental protection into the company’s mission and vision and adopted values and HSE policy, which means that the company views investments and efforts in this segment as a priority at all levels and simultaneously as a daily practice in business processes. NIS also continued to invest in the green agenda and renewable energy sources by installing 15 solar panels at the company’s petrol stations, which are estimated to reduce annual carbon dioxide emissions by 600 tons.

Daily activities related to sustainable development in all business segments contribute to the long-term sustainable development of NIS, which says that only by working in this direction can they ensure the company’s sustainable development but give a significant contribution to the accomplishment of the UN goals and therefore secure a better future for everyone.

NIS

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

EBRD and Erste Approve Financing for new Windfarm in Serbia

Photo-illustration: Pixabay
Photo-illustration: Pixabay (Pexels)

The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth 91.4 million euros for the construction of a new windfarm in Serbia, which will be built by Enlight Renewable Energy (Enlight). The financing package will provide a major boost to the country’s goal of diversifying its energy mix.

The EBRD and Erste will provide parallel loans, worth 45.7 million euros each, including the associated debt service reserve facilities. Enlight’s local subsidiary will use the proceeds to develop, construct and operate the 94-megawatt (MW) windfarm, which has been originated by Enlight and New Energy Solutions (NES), and named in honour of Mihajlo Pupin, one of Serbia’s greatest scientists. The Pupin project is expected to begin operating commercially in the second half of 2025. It is an extension of the existing Kovacica (Blacksmith) windfarm in Vojvodina, which is also owned by Enlight and was financed by the same lenders in 2017.

Once commissioned, the Pupin windfarm will be able to supply clean, green electricity to more than 40,000 households, equivalent to the number of households in a medium-sized city like Zrenjanin. The windfarm will also help to reduce the carbon intensity of Serbia’s power sector and advance its green economy transition. Coal still dominates electricity production in Serbia and the financing package comes at a time when the country faces an urgent need to diversify away from fossil fuels to help address its long-term structural energy challenges.

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This project was financed under Serbia’s first renewable energy auction for wind capacity, which took place in 2023 and awarded contract-for-difference for 400 MW. A second and third auction, each for 300 MW of wind capacity, are expected to take place in 2024 and 2025, respectively. Similar auctions will be held in parallel for solar power plants. The scheme was developed and launched with technical and policy support from the EBRD and was funded by the Swiss State Secretariat for Economic Affairs (SECO). The scheme encourages the market integration of renewables, as developers receive support in line with market prices, as well as income from the sale of electricity.

“Serbia’s decision to move ahead with auctions is proving to be a game changer in terms of unlocking the country’s renewable energy potential. We are pleased to see Pupin being the first project to reach financial close and moving quickly through implementation, proving that speed of execution and best practice in terms of environmental and social standards can go together. We are committed to support Serbia’s second wind and solar auction later this year to continue accelerating the country’s green transition”, said Matteo Colangeli, EBRD Regional Director for the Western Balkans.

“Building the Pupin windfarm in close proximity to our existing Kovacica (Blacksmith) site represents a noteworthy implementation of our ‘Interconnection Expand’ strategy. We were able to leverage the technical knowledge and transmission infrastructure that was already in place at Kovacica, resulting in greater efficiency and higher returns for Pupin. In addition, we were fortunate to engage once again with our partners EBRD and Erste for financing of the Pupin project; these are the same lenders who supported us in the development of the Kovacica site”, commented Gilad Yavetz, CEO and co-founder of Enlight Renewable Energy.

Wolfgang Hargassner, Head of Corporate Finance at Erste Group, commented: “The financing of the first windfarm project under Serbia’s new renewable energy auction scheme marks a major step on the country’s path to green energy transition and we hope it will pave the way for other projects in the future. The realisation of the Pupin project is thanks to the great cooperation and unwavering commitment among all the parties involved, including investors, banks, advisers, the power off-taker, the turbine supplier, and many others.”

Photo-illustration: Pixabay (Oimheidi)

Enlight, develops, finances, constructs, owns, and operates utility-scale renewable energy projects, employing solar, wind and energy storage technologies. The company operates in the United States, Israel and 9 European countries, and is listed on NASDAQ (ENLT) and the Tel Aviv Stock Exchange (ENLT.TA)

Erste Group Bank AG is one of the leading financial services providers in central and eastern Europe, with more than 16 million customers and total assets worth more than 337 billion euros.

The EBRD is a leading institutional investor in Serbia. The Bank has invested 9 billion euros across over 350 projects in the country to date.

Source: EBRD

After Slight Rise In 2023, Methane Emissions From Fossil Fuels Are Set To Go Into Decline Soon

Foto-ilustracija: Pixabay
Photo-illustration: Pixabay (DragonDash)

Methane emissions from the energy sector remained near a record high in 2023 – but substantial policies and regulations announced in recent months, as well as fresh pledges stemming from the COP28 climate summit in Dubai, have the potential to put them into decline soon, according to new analysis from the International Energy Agency (IEA).

The IEA’s latest update of its Global Methane Tracker is the first comprehensive assessment of global methane emissions since the COP28 climate summit concluded in December. The new IEA analysis finds that the production and use of fossil fuels resulted in close to 120 million tonnes of methane emissions in 2023, a small rise compared with 2022. Another 10 million tonnes of methane emissions came from bioenergy, mostly from the traditional use of biomass for activities such as cooking.

According to the report, the top 10 emitting countries were responsible for around 80 million tonnes of methane emissions from fossil fuels in 2023, two-thirds of the global total. The United States – the largest global producer of oil and gas – is also the largest emitter from oil and gas operations, closely followed by Russia. China is by far the highest emitter in the coal sector.

Satellites continue to bring the world’s understanding of methane emissions and their sources into sharper focus. The report, which incorporates their readings along with data from other science-based measurement campaigns, notes that satellites identified a substantial increase in major fossil fuel leaks in 2023 compared with 2022, with more than 5 million tonnes of emissions detected – including from a well blowout in Kazakhstan that went on for more than 200 days.

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Global methane emissions remain far too high to meet international climate targets. To limit global warming to 1.5 °C, a key goal of the Paris Agreement, methane emissions from fossil fuels need to decline by 75 percent this decade, according to IEA analysis.

Photo-illustration: Pixabay

“A 75 percent cut in methane emissions from fossil fuels by 2030 is imperative to stop the planet from warming to a dangerous level. I am encouraged by the momentum we’ve seen in recent months, which our analysis shows could make an enormous and immediate difference in the world’s fight against climate change,” IEA Executive Director Fatih Birol said. “Now, we must focus on transforming commitments into action – while continuing to aim higher. Well known policies and existing technologies could reduce methane emissions from fossil fuels substantially. The IEA stands ready to help the energy sector meet its goals by deploying these measures, and we will continue to monitor progress – a key part of our wider efforts to ensure countries deliver on the energy promises they made at COP28.”

Efforts to cut methane emissions are expected to accelerate in 2024 and beyond, with COP28 ushering in a step-change in ambition. Nearly 200 governments agreed in Dubai to “substantially” reduce methane emissions by 2030, while significant regulatory initiatives were announced by Canada, the European Union and the United States around the time of the summit. New companies have also committed to action through the launch of the Oil and Gas Decarbonisation Charter, and more countries are joining the Global Methane Pledge – including, most recently, Azerbaijan, which will host COP29.

If all methane pledges made by countries and companies to date are implemented in full and on time, it would be sufficient to cut methane emissions from fossil fuels by 50 percent by 2030, the IEA’s new analysis finds. However, most pledges are not yet backed up by plans for implementation.

Methane is responsible for almost a third of the rise in global temperatures since the Industrial Revolution, and the energy sector – including oil, natural gas, coal and bioenergy – is the second-largest source of methane emissions from human activity. While methane in the atmosphere dissipates faster than carbon dioxide, it is a much more powerful greenhouse gas during its short lifespan. As a result, driving down methane emissions is one of the best ways to limit global warming and improve air quality in the near term.

Photo-Ilustration: Pixabay (catmoz)

It is also extremely cost-effective. According to the IEA’s new analysis, around 40 percent of methane emissions from fossil fuel operations in 2023 could have been avoided at no net cost, since the value of the captured methane was higher than the cost of the abatement measure. Reducing methane emissions from fossil fuels by 75 percent by 2030 would require about USD 170 billion in spending – less than 5 percent of the income generated by the fossil fuel industry in 2023.

Meanwhile, a growing number of state-of-the-art satellites monitoring methane leaks, such as the Environmental Defense Fund’s recently launched MethaneSAT, is making it easier to identify and address them. These satellites are also filling in gaps and uncertainties that remain in the data by providing timely information that may otherwise be left out of disclosures.

Currently, methane emissions implied by existing oil and gas company reporting are 95 percent lower than the IEA’s estimate for 2023, while emissions levels reported by countries are about 50 percent lower. All data informing the analysis in the latest Global Methane Tracker can be accessed for free here. An open-access model that can be used to explore methane abatement options for oil and gas operations will also be released soon.

Source: IEA

Green Planet between Dystopia and Utopia

Photo-illustration: Freepik (atlascompany)
Photo-illustration: Plastic ocean photo created by jcomp – www.freepik.com

That day, at the front door of my building, I was intercepted by an upset neighbor with the announcement that “The lift is not working again!” I noticed that my neighbor was nervously crumpling a piece of foil while listing everyone responsible for this unfortunate event. When we finally parted, he threw the wrapper in front of the door.

He cited “Everything is dirty anyway, even the cleaning lady doesn’t do her job properly” as the reason for not looking for the rubbish can.

Indeed, the environmental pollution I just witnessed will not lead to an ecological disaster, but it has worsened the situation by a very small percentage. When these small percentages add up, we get large-scale environmental consequences that could have been prevented if we had acted conscientiously.

What if the situation was reversed? Yes, instead of allowing ourselves to be irresponsible towards the environment with the excuse, “It’s just a small chocolate wrapper, no big deal”, we all start to save our environment with small but meaningful contributions.

This is precisely the idea behind protopia, a relatively new social concept that suggests gradually making significant changes in the world through small but important steps.

Monika Bielskyte, futurist and founder of the research platform Protopian Futures, explained in her presentation, available on the YouTube channel Google Design, what the term protopia means.

According to her, the term was coined by Kevin Kelly, a famous futurist and editor of Wired magazine. The word protopia comes from the word pronoia, which means the opposite of paranoia – instead of believing that the whole world is against us, pronoia, or protopia, assures us that the entire world is on our side.

Protopia could be characterized as a type of movement that is an alternative to the existing concepts of dystopia and utopia, offering an optimistic vision of the future.

While dystopia and utopia are hypothetical social extremes that are the subject of numerous science fiction creations, protopia is much closer to reality. Moreover, Bielskyte argues that many people already live according to the principles of protopia by making modest contributions toward a better future.

Instead of dreaming about unattainable utopia or fearing dystopia, protopia prompts us to envisage the future we wish to see by building it now.

Photo-illustration: Freepik (jcomp)

As there is no bright future without a healthy environment, it is easy to see why the idea of protopia is associated with the concept of ecology.

The current state of the environment seems hopeless. People stop being environmentally motivated when they realize that the air and water are still worryingly polluted despite driving electric cars and using environmentally friendly detergents.

Protopia advocates claim that these small contributions to environmental protection will prevent the worst climate scenarios and that every tree planted, every solar panel installed, and every electric car produced leads to a greener future.

Instead of reading helplessly about plastic waste and forest fires, protopia prompts us to be creative and contribute in every possible way to protecting natural resources. This eliminates the feeling of helplessness and puts us in the role of active fighters against climate change who have taken the planet’s future into their own hands.

Of course, not everyone can install solar panels on their roofs or drive the latest electric SUV, but there are always recycling, cleaning public areas of rubbish, and many other solutions that we can easily and freely implement.

Although the media has not sufficiently covered this topic, the basic idea is that every contribution, even the smallest one, toward a better world is essential. Instead of praying for a miracle that will instantly remove all our troubles, let’s ask ourselves, “What can I do right now to create a better world?”

Milena Maglovski

Old Mines Can Be Used for Energy Storage

Photo-illustration: Unsplash (Dion Beetson)
Photo-illustration: Unsplash (Dan Meyers)

In addition to renewable energy production facilities being built left and right, the energy transition we are striving for also requires the construction of energy storage facilities since the efficiency of renewable sources, such as solar and wind farms, is susceptible to weather conditions.

Reversible hydropower plants are one of the ways to achieve efficient storage of green energy and, thus, energy stability.

They work by pumping water into the upper reservoir when there is an excess of electricity from renewable sources in the power grid. When necessary, they run turbines by releasing water from the upper reservoir into the lower reservoir, thus producing green kilowatts.

More reversible hydropower plants around the world will enable a more stable transition to clean energy. Researchers from the National University in Australia indicate that abandoned mines could be used for the construction of such hydropower plants.

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According to the Science Direct journal, scientists located 904 mining areas in 77 countries around the world that can be used for the construction of reversible hydropower plants.

Research results indicate that hydro plants built on tailings, pits and lakes of former mines could store as much as 30TWh per year.

According to researchers, mines are mostly equipped with water pumps, roads, power distribution grids, and other infrastructure, which greatly facilitates the construction of such hydropower plants and reduces their negative environmental impact. One such hydropower plant will be built by the end of 2024 in Queensland, Australia, and its pump storage capacity will be 2,000MWh.

Milena Maglovski

Germany is Closing its Coal-Fired Power Plants

Photo-illustration: Pixabay
Photo-illustration: Pixabay (ustalij_pony)

A complex story about the energy transition and the challenges that the global geopolitical situation brings with it is unfolding in a country that strives to be a leader in the fight against climate change outside of the European continent, too.

As a result of these circumstances, Germany changed its energy strategy. Until recently, the country had several thermal power plants that continued operating even after the planned closure, which allowed the country to cope with the lack of other energy sources, primarily natural gas.

The decision to temporarily reopen these plants is part of a broader effort to ensure sufficient electricity supply during the winter, even as the country looks to move away from coal. However, as the cold days passed, the decision was made to close seven lignite-fired power plants in the Rhine mining area and Brandenburg, as well as an additional eight medium and smaller coal-fired thermal power plants with a total capacity of 1.3 gigawatts, according to the DPA website.

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The German government aims to abolish coal use by 2038, with the possibility of extending the deadline until 2030. This target is closely linked to the overall global effort to limit global temperature rise to 1.5°C.

Germany has been trying to become less dependent on fossil fuels for many years. German Economy Minister Robert Habeck points out that the country has managed to increase its energy independence and security of supply despite several coal-fired power plants closing down.

Germany’s progress in this area shows how coal-fired power plants, which were part of the power grid as a precaution during the last two years of the energy crisis, are now redundant. This was made possible thanks to the drop in electricity and gas prices, as well as the expansion of renewable energy sources, which now account for a larger share of electricity production in the country.

Energy Portal

Eager Beavers in the Service of Protecting  the Planet

Photo: Courtesy of Jasmina Lazić and Slobodan Branković

Finding the good in bad life circumstances was clearly shown during the coronavirus pandemic when people became closer and nature started recovering. The story of Jasmina Lazić and Slobodan Branković, self-confessed travelphiles, adventurers and creatives filled with love and love for nature, united these two good things that emerged from the pandemic.

Imbued with a different vision of decorating the living space, they have always been looking for slightly more unusual and practical pieces of furniture and decoration. Although the pandemic has limited certain common habits, it has also created opportunities to create new ones.

These young people dedicated their free time, which they had more during the isolation, to designing unique objects and playing with the materials at hand.

The lack of large-scale machines, tools and adequate workspace was a challenge that they easily overcame with patience, resourcefulness and the support of relatives and friends.

IN FOCUS:

They started the whole story (called Vredni Dabar/Eager Beaver) in the dining room of their apartment, which they later improved by acquiring more professional tools and renting an old carpentry workshop where they still create to this day. Finding adequate materials, which they use various means to procure, remains the biggest problem.

The people in their surroundings know where they can take something they no longer need, and if Jasmina and Slobodan assess that they can give those items a new lease of life, they are always happy to accept them.

Although many people don’t think of flea markets as places that sell worthless things, this young married couple knows the importance of preserving nature. Their contribution to this noble cause is reusing old items, which is why, along with their desire and creativity, a flea market becomes a very inspiring place to obtain the needed materials.

No object must be wasted if we don’t view it as waste. Jasmina and Slobodan are living proof of this as they don’t hesitate to take  old cabinets, boards, crates, or pallets from the street rubbish containers and thus give them a new lease on life. Through their work, they realized that their purpose is to encourage and develop environmental awareness among people by bringing the idea of reusing various materials closer to them through their story and inspiring them to contribute to a cleaner and more beautiful planet.

They often organize campaigns to collect various materials and announce them on their Instagram profile. Customers who donate recycled material will get a discount on the duo’s products.

Prepared by: Katarina Vuinac

Read the full story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

 

The Future of Heat Pumps in China

Photo-illustration: Pixabay
Photo-illustration: Unsplash (albert-hyseni)

Heating accounts for almost 20 per cent of energy use in industry and buildings globally, and about one-quarter of energy-sector emissions. China’s buildings and industry sectors account for about one-third of global heat consumption and therefore have a major influence on global trends. Heat consumption in buildings has grown faster in China than in any other country over the past decade, making China the second-largest market for space and water heating in buildings today, just behind the United States, with an energy demand for both these uses of around 12 EJ. This trend shows no sign of slowing down as uptake of heating equipment in China continues to increase. In Chinese industries, heat consumption grew by 13 per cent between 2010 and 2022, reaching 38 EJ. Nearly 20 per cent is accounted for by low- and medium-temperature heat, below 200 °C, which is the most suitable range for heat pump applications. Consumption of heat below 200 °C grew by 7 per cent over the same period, and its share in overall demand will increase as China shifts to higher value-added industries.

Today, heating provision in China is heavily reliant on coal. The direct use of coal for heat supply accounts for around half of final energy use for heating in buildings and industry. If coal used in district heating and to generate electricity for heating in buildings and industry is included, heat provision is responsible for 40 per cent of national CO2 emissions and coal use in China. However, this share has fallen by more than 5 per cent over the past decade, thanks to policies to improve air quality, reduce CO2 emissions and maximise energy efficiency.

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Heat pumps offer a proven solution for decarbonising low- and medium-temperature heating

Heat pump sales are seeing unprecedented momentum worldwide. Global heat pump sales have increased by almost 30 per cent since 2020, although there was a 3 per cent decline in 2023. China – currently the world’s largest market for heat pumps for buildings – accounts for more than one-quarter of global sales, and in 2023 China was the only major market where heat pump sales grew, by a robust 12 per cent. Heat pumps that are already on the market in China offer one of the most efficient options for decarbonising heat in district heating networks, buildings and industry. Heat pumps accounted for 8 per cent of heating equipment sales for buildings in China in 2022, and they are already the norm in new and existing buildings in some areas of central and southern China, where they are used for heating and cooling. The use of heat pumps for domestic hot water production is emerging, primarily in urban areas and commercial buildings, but the water heating market is still dominated by conventional electric heaters and gas boilers. Heat pumps consume on average three to five times less energy than electric heaters or fossil fuel-based solutions, though use in industry and district heating is still uncommon, in part due to low awareness and upfront costs.

Purchasing a heat pump typically pays off in the long run compared with other solutions, but high upfront costs remain a barrier. In China, air-to-air heat pumps are already the most cost-competitive heating option over their lifetime in some colder climates, and in cities with hot summers and cold winters, where they meet both heating and cooling needs. Air-to-water heat pumps, meanwhile, offer lifetime savings when compared to electric heaters, which cost less upfront but have low efficiencies. In contrast, air-to-water heat pumps are more expensive than gas boilers and only offer savings over their lifetime in areas with a competitive electricity-to-gas price ratio. The upfront costs for industrial heat pumps are over six times higher than for gas boilers, but over their lifetimes they are already far cheaper than gas and electric boilers, and nearly cost-competitive with coal boilers, thanks to their high efficiency.

Read the full text here.

Source: IEA

K2 WALLPV – THE SYSTEM SOLUTION FOR SOLAR PROJECTS ON BUILDING FACADES

Photo-illustration: Pixabay (andreas160578)
Photo: K2 Systems

The new mounting systems from K2 add another dimension to the areas that can be used to generate energy. This is because they allow systematic and therefore fast PV installation on facades.

Most of the parts required for this are already well known, as the K2 development team has realised a clever modular system with only a few new elements. The K2 WallPV systems consist of a few tried-and-tested roof components and a few newly developed products.

The K2 WallPV systems can be used on a variety of façade claddings and are available in three versions:

K2 WallPV FacadeRail: The K2 WallPV FacadeRail offers a first-class solution for facades made of solid masonry or concrete, as well as those in combination with rainscreen cladding and external thermal insulation composite systems (ETICS). The versatility of this system is particularly evident in its ability to be connected to the most common façade brackets.

K2 WallPV CarrierRail: The K2 WallPV CarrierRail offers a solution for installation on facades, particularly on large commercial buildings fitted with FischerTHERM Carrier® and MONTANATHERM sandwich panels. This innovative installation solution is not only approved by the building authorities, but is also characterised by its high installation speed.

K2 WallPV MultiRail: The K2 WallPV MultiRail offers a versatile solution for installation on facades with trapezoidal sheet metal or corrugated sheet metal. This proven mounting solution utilises building authority approved thin sheet metal screws to ensure secure and reliable fixing.

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Photo: K2 Systems

The InsertionRail insertion rails of the K2 WallPV MultiRail allow this system to be scaled up enormously in professional commercial construction. For smaller installations in workshops or mixed-use buildings, the K2 WallPV MultiRail also offers the flexibility and efficiency of the FacadeClamp module clamps.

The highlights:

Scalable modular components enable large-scale PV systems for sustainable energy generation, taking us a big step forward in the energy transition. What makes vertical PV systems even more attractive is that they have lower operating temperatures. And snow, leaves and rainwater do not remain on the modules. In addition, the yield can be even higher than with horizontally aligned PV systems due to the low position of the sun in winter.

So there are many good reasons in favour of these cleverly designed facade systems!

Source: K2 Systems

Scientists Have Created Flexible and Waterproof Solar Cells

Photo-illustration: Pixabay (Bru-nO)
Photo-illustration: Pixabay (Michael_Pointner)

The sun is an inexhaustible energy source that has long inspired scientists to improve the technology of solar cells so that they can be used as widely as possible.

Recently, we wrote about floating solar power plants and transparent solar panels that we will use instead of windows. Still, scientists are now occupied with the idea of solar cells woven into the wardrobe.

In collaboration with researchers from the University of Tokyo and Huazhong University of Science and Technology in China, researchers from Japan’s National Research and Development Agency RIKEN have developed a photovoltaic film that is both waterproof and flexible. This film enables the fusion of solar technology and clothing production. In this way, we will be able to power small wearable devices without the use of batteries, such as medical devices or smart watches, RIKEN announced.

As stated in the scientific paper published in Nature Communications, the goal of the research was to find solar cells that function properly even when they get wet in the rain and after washing.

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However, it has been difficult to achieve waterproofing of solar cells without using additional protective layers of the photovoltaic film, which reduces flexibility.

Photovoltaic films are usually made of several layers. Still, this time, the researchers applied a thermal annealing process, exposing the film to 85 degrees Celsius for 24 hours. The result was a photovoltaic film with a thickness of only three micrometers, the aforementioned press release reads.

The first tests of the new photovoltaic film gave encouraging results. After the researchers submerged it in water for four hours, the solar cells retained 89 per cent of their initial performance, and when they subjected it to a 30 per cent stretch, the film was still 96 per cent functional.

The new solar cells “survived” even a washing machine cycle, which has never been achieved before, the researchers proudly point out.

Energy portal

ABB launches new share buyback program of up to 1 billion dollars

Photo: ABB
Photo-illustration: Pixabay

ABB will launch its previously announced new share buyback program of up to 1 billion dollars. Based on the current ABB share price this represents a maximum of approximately 21.3 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 692,486.

This new program is consistent with ABB’s capital allocation principles targeting to maintain a strong investment grade rating. Since July 2020, ABB has repurchased about 308 million shares for capital reduction purposes for a total amount of approximately 9.4 billion dollars.

The total number of ABB’s issued shares is 1,882,002,575. This includes 21,387,687 shares that were repurchased under the 2023–2024 share buyback program and are expected to be cancelled in Q2 2024. ABB will use the capital band approved at its Annual General Meeting 2023 for cancellation of these shares. ABB currently owns approximately 30 million treasury shares.

The new share buyback program is for capital reduction purposes and will be executed on a second trading line on the SIX Swiss Exchange (Valor: 35.767.961; ISIN: CH035 767 961 9). It is planned to run from April 2, 2024, until January 31, 2025, following a decision to adjust the timing of its share buyback cycle to align with the announcement of its Q4 2024 results and 2024 dividend proposal.

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The new share buyback program will be managed by a bank mandated by ABB that, based on trading parameters received from ABB, will make its trading decisions concerning the timing of share repurchases independently of ABB. ABB can change these parameters outside of its closed periods and if it is not in possession of any inside information.

The purchase price per share will not exceed the higher of the price of the last independent trade on the ordinary trading line on the SIX Swiss Exchange and the highest current independent bid price on the ordinary trading line on the SIX Swiss Exchange. In addition, customary spreads on purchases on the second trading line on the SIX Swiss Exchange will be paid, observing the limitations of the Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIO). Payment for the shares will be made in cash.

The buyback program is being carried out in accordance with the Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIO), the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052. Weekly updates on the program will be published on ABB’s investor relations website available here and issued by press release.

Source: ABB

UNESCO Names 18 New Geoparks

Photo-illustration: Pixabay
Photo-illustration: Pixabay

UNESCO’s Executive Board has endorsed the addition of 18 sites to the UNESCO Global Geoparks network. This brings the total number of geoparks to 213 in 48 countries.

The new geoparks are situated in Brazil, China, Croatia, Denmark, Finland, France, Greece, Hungary, Poland, Portugal and Spain. There is an additional new transboundary geopark spanning Belgium and the Kingdom of the Netherlands.

The UNESCO Global Geopark designation was created in 2015. It recognizes geological heritage of international significance.

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Geoparks serve local communities by combining the conservation of their significant geological heritage with public outreach and a sustainable approach to development.

UNESCO continues to promote the geopark concept in regions where geoparks are less common, notably in Africa, the Arab States and Small Island Developing States. UNESCO does this by facilitating expert missions, tailored training sessions and individual consultations on both a national and local scale, to guide the preparation of applications for UNESCO Global Geopark status.

Read the whole article HERE.

Source: UNESCO

Record Growth in Renewables, but Progress Needs to be Equitable

Photo-illustration: Unsplash (NIcholas Doherty)
Photo-illustration: Unsplash (Mark Merner)

Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3,870 Gigawatts (GW) globally.

Renewables accounted for 86 percent of capacity additions; however, this growth is unevenly distributed across the world, indicating a trend far from the tripling renewable power target by 2030.

The 473 GW of renewables expansion was led once again by Asia with a 69 percent share (326 GW). This growth was driven by China, whose capacity increased by 63 percent, reaching 297.6 GW. This reflects a glaring gap with other regions, leaving a vast majority of developing countries behind, despite massive economic and development needs. Even though Africa has seen some growth, it paled in comparison with an increase of 4.6 percent, reaching a total capacity of 62 GW.

IRENA Director-General, Francesco La Camera said, “This extraordinary surge in renewable generation capacity shows that renewables are the only technology available to rapidly scale up the energy transition aligned with the goals of the Paris Agreement. Nevertheless, the data also serves as a telltale sign that progress is not moving fast enough to add the required 7.2 TW of renewable power within the next seven years, in accordance with IRENA’s World Energy Transitions Outlook 1.5°C Scenario.”

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Policy interventions and a global course-correction are urgently needed to effectively overcome structural barriers and create local value in emerging market and developing economies, many of which are still left behind in this progress. The patterns of concentration in both geography and technology threaten to intensify the decarbonisation divide and pose a significant risk to achieving the tripling target.

For China, solar and wind’s increasing competitiveness against coal and gas power generation became the key driver of renewable power development. Meanwhile in the EU, enhanced policy focus and heightened energy security concerns have become the main catalysts for the rapid growth, apart from the increasing cost-competitiveness of renewables against fossil fuel alternatives.

Photo-illustration: Unsplash (Thomas Richter)

Other regions that saw significant expansion were the Middle East at 16.6 percent increase and Oceania at 9.4 percent increase. The G7 countries as a group increased by 7.6 percent, adding 69.4 GW last year. The G20 nations on the other hand increased their capacity by 15.0 percent, reaching 3084 GW by 2023. However, for the world to reach over 11 TW for the tripling target requires the G20 members alone to reach 9.4 TW of renewable power capacity by 2030.

With solar energy continuing to dominate renewable generation capacity expansion, the report underscores that the growth disparity did not only affect geographical distribution but also the deployment of technologies. Solar accounted for 73 percent of the renewable growth last year, reaching 1,419 GW, followed by wind power with 24 percent share of renewable expansion.

IRENA’s 1.5°C Scenario recommends a massive scaling up of financing and strong international collaboration to speed up the energy transition, putting developing countries as key priority. Investments are needed in power grids, generation, flexibility and storage. The pathway towards tripled renewable power capacity by 2030 requires a strengthening of institutions, policies and skills.

Source: IRENA

New Schneider Electric Hub: Ingrid Building in Novi Sad Sets Benchmark for Sustainable and Innovative Work Environment

Photo: Schneider Electric
Photo: Schneider Electric

Schneider Electric, present in Serbia and Montenegro for more than two decades, stands out by the placement of advanced solutions for energy efficiency, digitalization and automation, as well as by the impressive Schneider Electric Hub in Serbia.

This software development hub, located in Novi Sad, gathers more than 1,000 engineers, who shape digital solutions in the areas of energy and automation for the global market by applying the leading global technologies.

The unique InGrid building, opened this June, represents Schneider Electric’s visionary venture. Transformation of the former Novkabel production facility into a modern office building reflects commitment to sustainability principles. This carbon-neutral building, which is to receive a LEED GOLD certificate by the end of the year, uses power from renewable sources only.

The building is powered by its own solar energy production, with 1,500 square metres of solar panels on the roof and the remaining energy supplied from a green certificate power purchase.

IN FOCUS:

Net space of the InGrid facility covers 14,500 square metres, including an impressive set of rooms such as a data centre, amphitheatre, atriums with greenery, kitchens, conference rooms, training rooms, a gym, and 350 parking spaces with ten power chargers for electric vehicles.

The workspace in the InGrid building is designed in line with the activity-based workspace model, facilitating creativity, productivity and comfort.

Photo: Schneider Electric

The InGrid building is managed by Schneider Electric’s Ecostruxure Building Operations platform, enabling centralised management for maximum efficiency, comfort and productivity. The Planon Workplace Insights Edition, a modular cloud-based software solution, additionally provides information on a space usage rate and the work environment conditions. In the coming period, the software will be supported by smart presence sensors and sensors monitoring other environmental parameters. The software provides comfort for the building users by monitoring temperature, humidity, light, noise, hazardous evaporable organic compounds and radon levels.

Implementation of such solutions helps the company achieve the most efficient space usage and ensure a safe, healthy and sustainable environment for all. The software also provides data on space usage, workplace conditions, space booking, etc.

Schneider Electric, the global leader in the areas of sustainability and green energy, applies sustainable solutions in its own operations, as well as contributes to the improvement of the industry, infrastructure, and construction sector worldwide through training and partnerships. The InGrid building in Novi Sad represents another step towards a sustainable future, setting a benchmark for a work environment combining innovation, efficiency and comfort.

Schneider Electric

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