What Are the Newest Kinds of Alternative Energy?

What Are the Newest Kinds of Alternative Energy

Exploring some new sustainable energy solutions that we have seen in the recent past.

Earth’s depleting resources don’t come as a surprise to anyone at this point. Just this year, we saw both the United Kingdom and China struggle with energy crises, when oil prices reached US$80 per barrel around the end of September. With these facts in mind, it is obvious that the global community’s next step should be to adopt alternative energy sources.

Today, our renewable energy options aren’t limited to solar, hydroelectric and wind energy. Many entrepreneurs have been devising ways to generate or store energy in unconventional places. Let’s take a closer look at some of these options which might become our everyday energy sources in the near future.

Bitcoin mining

One of the new and emerging alternative sources of energy is Bitcoin mining. Yes, we are aware that it takes up a lot of electricity, but there is light at the end of that tunnel—it also generates a lot of heat! Mint Green, a Vancouver-based Bitcoin mining company, is channeling this heat and supplying it to 100 residential and commercial buildings in the city. 

The company plans to use immersion technology to capture the heat generated in Bitcoin mining into hot water utilities and, through there, to its customers. This might be a win-win situation; Bitcoin miners are making profits while also helping the environment by not wasting all that energy.

Used electric car batteries

Another interesting technological advancement in the realm of alternative energy is the use of old electric car batteries for power storage. One such project is already operational in Switzerland. The Swiss company, Kyburz, which produces electric vehicles for the Swiss postal service, has been repurposing the used batteries from its electric vehicles. These used batteries are either re-used to power smaller vehicles, like scooters, or to store the energy produced by solar panels.

According to the consulting firm McKinsey, by 2030, retrieved car batteries could provide 200 gigawatts of energy storage globally each year.

Neutrinovoltaic technology

Neutrinovoltaic technology is one of the newest methods of energy production. Back in 2015, the Neutrino Energy Group in Germany announced their neutrino film. This film is capable of responding to the motion of neutrinos (sub-atomic particles with no electric charge) and other non-visible particles to generate electricity.

The neutrinovoltaic technology is completely independent of seasonal or weather changes, and thus provides a steady and unimpeded flow of electricity. This steady supply makes it entirely unnecessary for the neutrinovoltaic energy to be stored in batteries.

These three alternative energy sources have shown us how far we have come in the utilization of alternative sources of energy. If effectively utilized in the future, it could help us fix the energy shortages that are facing us today in an environmentally-friendly way. 

Header image courtesy of Freepik

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

What Should Employees Do in a Crisis

What Should Employees Do in a Crisis?

At the start of January 2023, a drunk man in an Air India flight’s business class urinated over a 72-year-old woman sitting beside him. The man, Shankar Mishra, was the Vice President of the financial services company Wells Fargo (he was fired following the incident). In itself, the incident is disgusting.

Top 5 AI Companies in the World

Top 5 AI Companies in the World

Technological developments are driven by the human need to make life easier and complete tasks faster and more efficiently. The drastic growth of technology in recent years has paved the way for artificial intelligence (AI) to become an integral part of almost every industry—from education and lifestyle to music and sports. It is everywhere. And by the looks of it, it is here to stay.

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

It’s no wonder why Jumpstart Media named “metaverse” one of the top emerging trends and technologies to look forward to in 2023. With an expected compound annual growth rate (CAGR) of 39.4% from 2022 to 2030, Grand View Research forecasts that the global metaverse market is set to expand exponentially. From fashion shows, gaming, luxury products, sports and travel to art, many industries are tapping into the metaverse’s potential.

4 Most Anticipated Tech IPOs of 2023

4 Most Anticipated Tech IPOs of 2023

The technology industry has been a driving force in shaping the global economy for decades and the initial public offerings (IPOs) of technology companies are often highly-anticipated events. In 2022, the tech IPO market saw a slowdown compared to the previous year, 2021.

5-Luxury-Items-That-Are-Worth-the-Investment

5 Luxury Items That Are Worth the Investment

The world of luxury items is one of elegance and exclusivity, with their value increasing as time passes. They are unattainable and highly coveted by the masses. Plus, luxury products have a Veblen effect on the market—as their price rises, their demand does, too.

How Do You Know When to Give Up on Your Startup?

How Do You Know When to Give Up on Your Startup?

Starting a new business is never an easy task. You put your heart into it and spend countless hours working on what you believe will make someone happy or solve society’s problems. But sometimes, startups don’t work out as planned—this can be both disheartening and discouraging.