People on the move don’t wish to be slowed down to pay for gas or electric charge, to pay for toll, for parking, for public transportation, for personal transportation (cabs, Uber), and… to pay fines for cutting through red light, speeding, tailgating, etc. Well, payment technology is stepping up to soon enable smooth, seamless all type transportation
Stay tuned – we’ll soon present here the Only Viable Payment Solution for the emerging future of Quick, Short, Frequent, Automatic Charging of Electrical Vehicles.
The power sector is struggling to find new business models for financing and enhancing their cash flow, while dealing with consumption side and engage the community. Rate of introducing disruption technologies and innovative business concepts in the power industry is accelerating and is inevitable. Utilities and relevant technology providers must prepare for a market plateau in smart meters penetration, which is expected to occur after 2018. While the electric power sector has historically improved its performance in providing reliable and affordable electricity, its basic operating models should concentrate now on (i) Creating a positive customer experience, to maintain ongoing customers’ loyalty, which is also a crucial cornerstone to demand response success, (ii) Reducing cyber-attacks exposure, especially due to accelerated adoption of smart meters and smart grid technologies, which represent more opportunities for hackers and ‘bad guys’ to steal electricity, steal customers’ payments details or worth – stealing our identity and even creating an outage lasting days or even weeks (we have learned lately that more than 1,000 utilities in the U.S. and Europe have had their computer systems compromised by malware).
We have presented at PowerGen Europe 2015 the latest and future (under development) innovative solutions that meet changing customer needs and expectations, as well as economic, environmental, social and security aspects of the above issues. We also presented cost effective and innovative solutions for executing secured real time payments (pay-as-you-go, pay-for-time, etc., which will be more relevant when more EV and electric bicycles will be in use, and when electricity as a service will become more popular), while solving privacy and security concerns, releasing utilities from invoices and collection and from protecting personal database from being hacked. Privacy and efficiency are nicely served.
Innovative Home Energy Behavioral Management
Enabling dynamic pricing and consumption tracking without investing in expensive smart meters.
* The vision: Building an eco-system of users of green-electricity
* Benefits to consumers: Cut electricity bill
* Benefits to Utilities: Enhance cash flow, boost revenue and loyalty.
Presented at the PowerGen Europe, Germany, June 2014 utility@BitMint.com http://www.BitMint-utility.com
The challenge of finding a balance between utilities, nations and consumers interests as well as between incorporating clean but low cost renewable energy sources without jeopardizing utilities cash flow and financial stability has become ever more acute for the global power sector in general and the European in particular in recent years. Only lately, are the costs and security, privacy and health implications of smart grid/metering becoming apparent.
We have to do everything in our power to deal with these critical issues, as fast as we can. The good news is that we have been working hard over the past years to put the pieces in place, so we aren’t starting from scratch. The digital landscape is creating new opportunities. Money digitization algorithms as well as digitizing KwH streams stands to revolutionize payments, governance, environmental and economic fortunes of individuals, utilities and nations. How – remains to be seen, but now is the time to lay down scenarios. Here is one.
Our challenge is to find a solution that could be implemented in a wide variety of properties. As the grid becomes more integrated, the need for a frictionless framework for stable electricity supply from different sources, centralized and de-centralized, fossil and renewable, as well as effectively encouraging savings during peak hours, is more acute. It seems that money has the ‘power’ to control our – individuals as well as utilities/governments – behavior. The digitized Green Electricity Initiative protocol, to be presented here, will demonstrate these capabilities and will open new dimensions. By properly tethering the digitized electricity money conditional use and redemption, the same protocol will enable utilities to have better control on their cash flow, while consumers will get immediate reward per ‘good behavior’ [e.g. reducing peak demand, self-production of clean energy] and retailers that join the Green Electricity Initiative will gain reduced financing costs. The number of joining utilities, retailers and individuals is projected to grow exponentially, provided that a robust technology is in place to provide products and services, which are deemed essential to the enrichment of the user’s life experience, security, privacy and cash flow, day by day.
For the entire article go to the proceedings of PowerGen Europe 2014.
For collaboration inquires write to: firstname.lastname@example.org
California Gives Go-Ahead to Blythe Solar Plan
Renewable Energy World Editors
ינואר 16, 2014 | 0 Comments
New Hampshire, USA — The California Energy Commission (CEC), following the recommendation of its own staff, has approved the proposed shift of NextEra’s Blythe Solar Power Project from concentrated solar power (CSP) to solar photovoltaic (CPV).
Blythe originally was proposed in 2010 as a 1-GW CSP project (parabolic trough), backed by a $2.1 billion DoE loan guarantee. Then-project owner Solar Millennium decided to switch to PV technology in 2011, part of an industry-wide shift away from utility-scale CSP as PV prices plummeted and CSP’s economics became less attractive. Last spring Blythe’s new owner NextEra submitted a revised plan that would shrink Blythe by more than half to 485 MW of solar PV.
In mid-December the CEC internally recommended that the Blythe project be approved as a 485-MW solar PV, believing that potential “cumulatively significant” environmental impacts would be outweighed by its benefits, including its contribution to the state’s Renewables Portfolio Standard (RPS) and economic and jobs benefits.
And so yesterday the CEC voted unanimously 5-0 to approve the Blythe project. Construction is projected to take about four years and cost $1.13 billion.
Paired with the CEC’s staff recommendation in December about Blythe was with a less-favorable opinion of another proposed utility-scale solar project, the 500-MW Palen Solar Electric Generating System with two solar thermal power towers, also originally designed by Solar Millennium and now owned by BrightSource and Abengoa, which would take nearly three years to build at a cost of roughly $2 billion. CEC staff’s concerns include “significant environmental impacts” even with recommended mitigation measures, from “solar flux” (essentially cooking birds in mid-flight as they pass through the solar-reflecting field) to whether the mirrors might appear as a body of water and attract overhead birds down into collisions.
The CEC originally was supposed to rule issue a final vote on Palen earlier this month, but BrightSource and Abengoa, which already revised and scaled back the Palen plan to address various concerns from reducing land and water usage to eliminating an extra transmission line, asked for a delay until later this spring to conduct further assessments, so the CEC’s scheduled Jan. 7 meeting became a discussion of further input from the CEC, stakeholders, and other interested parties.
Lead image: Thumbs up, via Shutterstock