Renewable energy can bring enormous socio-economic benefits and be a ticket out of poverty for many Africans. As much as one needs roads, one needs power. And to get it from a renewable energy source means you are creating a sustainable electrical solution that will also power jobs.
Helping to accelerate the hunt for those breakthroughs is a new $200,000 incentive in the form of an open innovation challenge.
Let’s face it: The oil and gas industry doesn’t have a terribly good reputation among students and young people. This is largely because of what they hear in the media, opinions that in my view are chiefly fostered by ignorance and misrepresentation.
Distributed power technologies, which have been around since Thomas Edison built the first power plant in 1882, are increasingly used today to provide electrical and mechanical power at or near the point of use.
These factors are not universally present. We have diversity and divergence – and an absolute requirement to reduce greenhouse gas emissions worldwide – at play.
There is cause for caution because, as in all complex processes, there is risk.
Risk