We talk a lot about investing in the future, and for so many businesses, that means investing in energy. How we power our facilities doesn’t just change the bottom line; it changes the world. As we move into 2021, we’re looking to keep close tabs on that investment from the perspective of companies creating the technology that will save the world. Continue reading “Big Investment In Long Duration Energy Storage”
With new regulations that could further support the booming cannabis industry, plus even more states loosening regulations in the 2020 election cycle, cannabis is ready to explode. However, it’s still the inescapable price of production that could make or break just how profitable companies will be.
Energy is absolutely critical for a crop that’s extremely reliant on light and perfect growing conditions to meet demand. And that demand is high; cannabis was worth roughly $10 billion in 2019. That number is expected to rise consistently over the next few years, and it could come with a sizeable carbon footprint. The best data we have dates back to 2017, when the United States produced 16.4 million pounds of cannabis. That produced a staggering 1.8 million tons of carbon into the atmosphere. By 2020, the industry is putting out roughly 2.4 million tons of carbon, and that’s something that may see more taxes and penalties in the years ahead.
That inefficiency has a big impact on the bottom line, too. Electrical demand is a large component of day-to-day expenses for most growers. Behind labor, it’s the biggest operating cost for growers. Much of that is due to the plant’s sensitive need for light. Marijuana often requires stretches of twelve hours of lighting at a time, plus the right humidity and water to grow.
On average, indoor growers spend 262 kilowatts per hour per square foot. One gram of flowering plant can produce a pound of carbon emissions and cost roughly 24 cents to produce, strictly in energy expenses. Outdoor growers see numbers half of indoor, but it’s still a big dent in the company budget.
That big footprint can have an impact on the communities growers live and work in. To fight an oversized draw on the grid, some municipalities are putting caps on the number of electricity growers can use, typically around 36 kWh per square foot. Cities in Massachusetts, Illinois, and part of Canada already have this type of legislation on the books, and as the industry grows into new regions and states, those same rules may find traction at the state or even federal level to create an even playing field and protect the environment.
At present, just 6% of the electricity used in cannabis production can be traced to sustainable energy sources like wind and solar. The vast majority use coal and natural gas, especially in North America. Individual growers are looking at ways to include renewable technologies, more efficient lighting fixtures, and energy storage to lower costs and increase margins as they grow.
If you’re ready to take a closer look at how you can improve your energy environment and save the planet in the process, we’re one of the most experienced companies in improving efficiency for cannabis growers. Learn more and contact us today!
There is a lot of uncertainty on when and how the United States will get back to its feet. With record unemployment, a huge dent in consumer confidence, and the on-going threat of a pandemic that shows few signs of being under control, it’s important to look ahead.
For businesses and communities asking questions about what comes next in the world of energy, it’s hard to look past the future of oil. Fossil fuels, in general, saw a reprise of sorts over the past decade thanks to new but inefficient fracking methods in the US. Not only did the practice contaminate the groundwater of millions of Americans, it wasn’t cost-effective. As the OPEC+ in-fighting demonstrated, few of these domestic producers offered a long-term solution to our energy needs. Hundreds have gone out of business in the past three months, and many more are not expected to survive the recession.
The bright spot, then, is solar. And not just solar, either. As we’ve said many times, at residential, commercial, and even grid-scale, it will take a number of renewable energy sources and an efficient energy storage system to keep America running through the transition away from fossil fuels. If anyone still needs proof that this move is inevitable, look for further than Egypt.
While not as productive or reliant on oil as other North African or the Middle East, oil does have a strong presence in the Egyptian economy. Rather than rely on domestic supply supported by foreign imports, Egypt is turning its eye to the sky and investing heavily in solar power. The solar field of Aswan, for instance, is the nation’s largest solar array and produces 1.5 GW of power per year, enough juice to power 1.5 million homes in the region.
All of the Middle East has been built on oil, with just 3% of its current energy needs met by sustainable needs. But that’s changing, and fast. Over the past ten years, its renewable capacity has doubled, and it’s expected to double yet again in just the next four years. Originally, it was non-oil producing countries like Morocco that made the move, but now even OPEC titans like are getting in the game, including offering one of the lowest tariff bids just last year.
While the scale of production is growing quickly, it’s dwarfed by another important factor in the move to renewable energy, and that’s investment. Production is actually behind the cash influx; in the past ten years, the Middle East has grown from just 91 megawatts of renewable energy production to 9 GW; in that same time, investment in green energy has increased by more than twelve times the 2008 level.
For US businesses, it’s a sign that the move to efficiency, sustainability, and responsible energy production reflects a growing demand in the public and in the energy sector itself. On a firm-level scale, it’s a time to invest in the energy efficiency measures that will allow a business to make the most of low oil prices now and be ready to make the transition to renewables before it’s an arms race. Take ownership of your energy environment for a brighter future.
Renewable energy is up across the county. In our home state of Michigan, that’s no different. Renewables are playing a leading role in reducing emissions and increasing efficiency like never before.
An end-of-year study confirmed what we’ve long known to be true. Sustainable, responsible energy is on the rise, and it’s offering an exciting glimpse at what’s possible. Renewable energy is up by a whopping 57% over the previous calendar year, and in 2020, that number could rise even further. That report, conducted by the Michigan Public Service Commission, confirmed that these innovative energy production avenues have increased every year since 2006. Renewables now account for nearly 45,000 kWh in the state, up 46% since 2017.
Of those alternative energy sources, solar energy remains the top producer in the state of Michigan by some margin. It’s responsible for 94% of renewable energy sources, with wind power a very, very distant second place. It might also be worth noting that just two companies, DTE Energy and Consumers Energy, account for a massive 88% of all alternative energy production. There are renewable energy projects in every single Michigan county, except one. Only Luce County in the Upper Peninsula lacks a renewable energy project as of the time of this study’s publication.
The state has a long road ahead to eliminate fossil fuels. According to the state’s annual report, 10% of energy came from renewable sources in 2015. Only about 1% of the state’s energy needs are met by solar, while the state is offering up some encouraging results from wind. Michigan ranks 14th in wind power potential, which currently accounts for 93% of our current alternative energy capacity.
We’re proud to be playing a part in bringing Michigan communities and companies into a more sustainable way of life. By improving energy use today, we’re preparing companies from across industries to plug into the new technologies and opportunities that are right around the corner. Keen can help companies save tens of thousands of dollars per year right now, and that’s only the tip of what technology and innovation will offer tomorrow.
Want an expert look at how your facility can save money and increase efficiency? Schedule a comprehensive energy audit today.
Sometimes, we need to hear more about commitments and successes to really see that renewables and alternatives are here. These are viable, and in Virginia, they’re a vital part of the state’s energy future. Continue reading “Virginia Steps Forward: Carbon Neutral By 2050”