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	<title>All Electric Society | Future Markets Magazine</title>
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	<title>All Electric Society | Future Markets Magazine</title>
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		<title>Trends in heat pump technology</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/trends-in-heat-pump-technology/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Thu, 31 Oct 2024 08:00:32 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12353</guid>

					<description><![CDATA[<p>Heat pumps are considered a key technology for the energy transition in the heating sector.&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/trends-in-heat-pump-technology/">Trends in heat pump technology</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><strong>Heat pumps are considered a key technology for the energy transition in the heating sector. They harness environmental heat and convert it into usable heating energy with the help of electricity. Due to their high efficiency and flexibility, they play a crucial role in reducing <span class="s1">CO<sub>2</sub></span> emissions.</strong></p>
<p class="p2">Space heating and hot water generation account for about half of the global energy consumption in buildings. Nearly two-thirds of heating energy comes from fossil fuels. In 2022, heating and hot water generation directly and indirectly emitted around 4.2 gigatonnes of <span class="s1">CO<sub>2</sub></span>, representing more than 80 percent of the building sector&rsquo;s <span class="s1">CO<sub>2</sub></span> emissions.</p>
<p class="p2">&ldquo;The Paris climate goals require a very conscious use of available resources. For heat supply, this means using as much available energy as possible and supplementing it as needed,&rdquo; explains Dr. Dietrich Schmidt from the Fraunhofer Institute for Energy Economics and Energy System Technology IEE.</p>
<p class="p2">Heat pumps utilise existing environmental heat and, with the help of electricity, raise it to a higher temperature level. As the required electricity is expected to be generated <span class="s1">CO<sub>2</sub></span>-free in the All Electric Society, heat pumps are a crucial component in decarbonising the heating system.</p>
<blockquote><p>The <strong>global</strong> <strong>heat pump market</strong> is expected to expand at an <strong>annual growth rate of 11.8 percent</strong>, increasing from 90.1 billion US dollars in 2024 to 157.8 billion US dollars by 2029.<br>
<em>(Source: MarketsAndMarkets)</em></p></blockquote>
<h2 class="p4"><span class="s2"><b>Supporting the Electricity Grid</b></span></h2>
<p class="p5">In addition, heat pumps help balance the energy system and can support the electricity grid. Since heat can be stored more easily than electricity, these systems can be combined with a water storage unit to heat in advance when sufficient electricity is available on the grid and is particularly inexpensive.</p>
<blockquote>
<p class="p5">&ldquo;Heat pumps fit well into a climate-neutral energy system, as they can operate in response to electricity supply. Through central grid-friendly control, they can turn on when solar and wind energy provide sufficient power. This contributes to smoothing out peaks in demand and supply in the electricity grid. This flexibility is a key component for a future energy system,&rdquo; says Dr. Dietrich Schmidt.</p>
</blockquote>
<h2 class="p4"><span class="s2"><b>Improving Efficiency</b></span></h2>
<p class="p5">The primary goal in advancing heat pump technology is to increase efficiency. A key factor in this is drive technology: by improving the power electronics of the inverters, which control the compressor and, depending on the type, the fan, the overall efficiency of a heat pump can be enhanced. The use of silicon carbide semiconductors in the drive inverters can reduce losses in the entire drive system by up to 15&nbsp;percent. Additionally, various manufacturers offer integrated power modules that manage the energy flow to the inverters. These modules include power semiconductors as well as many passive discrete components &ndash; a typical power module replaces between 45 and 100 discrete components. The advantage of this solution is a smaller footprint and significantly shorter development times.</p>
<h2 class="p4"><span class="s2"><b>Compression via Rotation</b></span></h2>
<p class="p5">In addition to &ldquo;classic&rdquo; compressor heat pumps, alternatives are also being developed: conventional heat pumps use the two-phase Rankine cycle. In contrast, the heat pumps from the Vienna-based start-up Ecop utilise the Joule cycle, where the working fluid does not undergo a phase change and remains in a gaseous state. Compression is achieved through centrifugal force: the working gas of the heat pump circulates in a closed loop that rotates around an axis. This rotational heat pump achieves significantly higher efficiency than conventional heat pumps, with a temperature lift of up to 100 Kelvin and output temperatures of 200 degrees Celsius. However, the heat pumps from the Austrian start-up are (so far) true giants &ndash; eight metres long and weighing 16 tonnes. Due to their high output temperature, they are primarily used in industrial processes.</p>
<h2 class="p4"><span class="s3"><b>The Electrocaloric Principle</b></span></h2>
<p class="p5">Researchers from various Fraunhofer Institutes are taking a different approach: they are developing an &ldquo;electrocaloric heat pump&rdquo; that operates without a compressor. In this process, an electrical voltage is applied to an electrocaloric material made of special ceramics or polymers, causing <span class="s4">it to heat up. Once the voltage is </span>removed, the material cools down again. Using power electronics, the electrocaloric capacitors are charged and discharged several times per second, with heat being pumped in each cycle. The researchers have developed an ultra-efficient circuit topology for voltage converters based on GaN transistors, achieving an electrical efficiency of 99.74 percent in the electrical power path.</p>
<blockquote>
<p class="p5">&ldquo;Achieving a high coefficient of performance in electrocaloric heat pumps requires very high efficiency in materials, electronics, and heat transfer,&rdquo; says Dr. Kilian Bartholom&eacute;, project leader and researcher at the Fraunhofer Institute for Physical Measurement Techniques IPM. &ldquo;If we can master all of this, electrocalorics has enormous potential.&rdquo;</p>
</blockquote>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/trends-in-heat-pump-technology/">Trends in heat pump technology</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Explained: IEA’s Net-Zero Roadmap 2023</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/explained-ieas-net-zero-roadmap-2023/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Thu, 31 Oct 2024 07:58:33 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12471</guid>

					<description><![CDATA[<p>In 2021, the International Energy Agency published its first net-zero roadmap, outlining a pathway to&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/explained-ieas-net-zero-roadmap-2023/">Explained: IEA’s Net-Zero Roadmap 2023</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>In 2021, the International Energy Agency published its first net-zero roadmap, outlining a pathway to limit global warming to no more than 1.5 degrees Celsius. In 2023, an updated version was released, which takes into account the extraordinary growth of certain clean energy technologies, but also highlights increased investments in fossil fuels and persistently high emissions.</b></span></p>
<p class="p1">Since the release of the first net-zero roadmap in 2021, there have been some positive developments: solar capacity expansion has reached record growth, electric vehicles are gaining more market share, and the industry continues to expand production capacity for these technologies. Innovation in clean energy has also led to more options and a reduction in technology costs. In the IEA&rsquo;s original 2021 roadmap, technologies that were not yet on the market accounted for nearly half of the emissions reductions needed to achieve net-zero emissions by 2050. In the updated version, this figure has now dropped to about 35 percent.</p>
<p class="p2">Nevertheless, significant measures are still required by 2030. According to the updated 2023 roadmap, global renewable energy capacity is expected to triple by 2030. At the same time, the annual rate of improvement in energy efficiency will double, sales of electric vehicles and heat pumps will increase sharply, and methane emissions from the energy sector will decrease by 75 percent. These strategies, which rely on proven and often cost-effective emissions reduction technologies, together will deliver more than 80 percent of the reductions needed by the end of the decade.</p>
<blockquote>
<p class="p2"><span class="s1">&ldquo;Keeping alive the goal of limiting global warming to 1.5&thinsp;&deg;C requires the world to come together quickly,&rdquo; emphasises IEA Executive Director Fatih Birol. &ldquo;The good news is we know what we need to do &ndash; and how to do it.</span>&rdquo;</p>
</blockquote>
<p>&nbsp;</p>
<h2>IEA&rsquo;s <span class="s1"><b>net-zero roadmap in detail</b></span></h2>
<h3>2021</h3>
<ul>
<li>
<p class="p1">No new unabated coal plants approved for development</p>
</li>
<li>
<p class="p1"><span class="s1">No new oil and gas fields approved for development; no new coal mines or mine extensions</span></p>
</li>
</ul>
<p>&nbsp;</p>
<h3>2025</h3>
<ul>
<li>No new sales of fossil fuel boilers</li>
</ul>
<p>&nbsp;</p>
<h3>2030</h3>
<ul>
<li>
<p class="p1">Universal energy access</p>
</li>
<li>
<p class="p1">All new buildings are zero-carbon-ready</p>
</li>
<li>
<p class="p1">60&thinsp;% of global car sales are electric</p>
</li>
<li>
<p class="p1">Most new clean technologies in heavy industry demonstrated at scale</p>
</li>
<li>
<p class="p1">1,020 GW annual solar and wind additions</p>
</li>
<li>
<p class="p1">Phase-out of unabated coal in advanced economies</p>
</li>
<li>
<p class="p1"><strong>Milestone: 150 Mt low-carbon hydrogen, 850 GW electrolysers</strong></p>
</li>
</ul>
<p>&nbsp;</p>
<h3>2035</h3>
<ul>
<li>
<p class="p1">Most appliances and cooling systems sold are best in class</p>
</li>
<li>
<p class="p1">50&thinsp;% of heavy truck sales are electric</p>
</li>
<li>
<p class="p1">No new ICE car sales</p>
</li>
<li>
<p class="p1">All industrial electric motor sales are best in class</p>
</li>
<li>
<p class="p1">Overall net-zero emissions electricity in advanced economies</p>
</li>
<li><strong>Milestone: 4 Gt Co<sub>2</sub> captured</strong></li>
</ul>
<p>&nbsp;</p>
<h3>2040</h3>
<ul>
<li>
<p class="p1">50&thinsp;% of existing build<span class="s1">ings retrofitted to zero-</span>carbon-ready levels</p>
</li>
<li>
<p class="p1"><span class="s1">50&thinsp;% of fuels used in aviation are low-emissions</span></p>
</li>
<li>
<p class="p1">Around 90&thinsp;% of existing capacity in heavy industries reaches end of investment cycle</p>
</li>
<li>
<p class="p1">Net-zero emissions electricity globally</p>
</li>
<li>
<p class="p1">Phase-out of all unabated coal and oil power plants</p>
</li>
</ul>
<p>&nbsp;</p>
<h3>2045</h3>
<ul>
<li>
<p class="p1">50&thinsp;% of heating demand met by heat pumps</p>
</li>
<li><strong>Milestone: 435 Mt low-carbon hydrogen, 3,000 GW electrolysers</strong></li>
</ul>
<p>&nbsp;</p>
<h3>2050</h3>
<ul>
<li>
<p class="p1">More than 85&thinsp;% of buildings are zero-carbon-ready</p>
</li>
<li>
<p class="p1">More than 90&thinsp;% of heavy industrial production is low-emissions</p>
</li>
<li>
<p class="p1">Almost 70&thinsp;% of electricity generation globally from solar PV and wind</p>
</li>
<li><strong>Milestone: 7.6 Gt Co2 captured</strong></li>
</ul>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/explained-ieas-net-zero-roadmap-2023/">Explained: IEA’s Net-Zero Roadmap 2023</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Exploring the Geopolitical Impact of Renewable Energy</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/exploring-the-geopolitical-impact-of-renewable-energy/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 14:41:46 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12459</guid>

					<description><![CDATA[<p>The All Electric Society will not only impact the lives of individuals but also fundamentally&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/exploring-the-geopolitical-impact-of-renewable-energy/">Exploring the Geopolitical Impact of Renewable Energy</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>The All Electric Society will not only impact the lives of individuals but also fundamentally change the relationships between states and regions. The geopolitical consequences are outlined in a report by the &ldquo;Global Commission on the Geopolitics of Energy Transformation,&rdquo; with a title that makes clear the magnitude of these shifts: a new world.</b></span></p>
<p class="p1">According to the World Energy Transitions Outlook by the International Renewable Energy Agency (IRENA), renewable energy will make up three-quarters of the global energy mix by 2050. Electricity will become the most important energy carrier, covering more than 50&nbsp;percent of consumption by 2050. This renewable energy-based system will be characterised by a high degree of electrification and efficiency, supplemented by green hydrogen and sustainable biomass.</p>
<h2 class="p3"><span class="s1"><b>Profound Implications</b></span></h2>
<p class="p2">These changes in the energy landscape will also lead to significant geopolitical shifts. A report by the &ldquo;Global Commission on the Geopolitics of Energy Transformation&rdquo; highlights that the geopolitical and socioeconomic impacts of the new energy age are as profound as the transition from biomass to fossil fuels two centuries ago.</p>
<h2 class="p3"><span class="s1"><b>Greater Independence</b></span></h2>
<p class="p2"><span class="s1">Unlike fossil fuels, renewable energy sources are available in some form in most countries and regions around the world. This increases energy security and makes most states less dependent on energy imports. Conflicts over oil and gas will decrease, and the strategic importance of maritime &ldquo;chokepoints&rdquo; like the Suez Canal will diminish. The new energy world could also alleviate social, economic, and environmental issues, which are often major causes of geopolitical instability and conflict. However, new dependencies and trade patterns will emerge, such as those created by new renewable energy sources or the closer integration of electricity grids across borders.</span></p>
<h2 class="p3"><span class="s1"><b>New leading Powers</b></span></h2>
<p class="p2"><span class="s1">The energy transition will also bring forth new leaders in the energy sector &ndash; countries that invest heavily in renewable energy technologies will gain influence on the international stage. For example, China has strengthened its geopolitical position by taking the lead in the race for clean energy, becoming the world&rsquo;s largest manufacturer, exporter, and installer of solar panels, wind turbines, batteries, and electric vehicles. On the other hand, today&rsquo;s exporters of fossil fuels will lose their global reach and influence if they do not adapt their economies to the new energy era.</span></p>
<blockquote>
<p class="p1">&ldquo;The renewables <span class="s1">revolution enhances the </span>global leadership of China, reduces the influence of fossil fuel exporters and brings energy independence to countries around the world.&rdquo;<br>
<span class="s2">Olafur Grimsson, Chair of the Global Commission on the Geopolitics of Energy Transformation</span></p>
</blockquote>
<h2 class="p3"><span class="s1"><b>Access to Energy for more People</b></span></h2>
<p class="p2">Countries that are currently heavily dependent on fossil fuel imports will be able to significantly improve their trade balance in the future by generating a larger share of their energy domestically. This will also reduce the risks associated with vulnerable energy supply lines and volatile fuel prices. Renewable energy will help provide more people with access to energy, create jobs, and promote sustainable economic growth.</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/exploring-the-geopolitical-impact-of-renewable-energy/">Exploring the Geopolitical Impact of Renewable Energy</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Reducing Energy Losses in Electrical Conversion with Power Electronics</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/energy-efficiency-boost-sic-gan/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 14:05:48 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12437</guid>

					<description><![CDATA[<p>Energy efficiency is often referred to as the “first fuel” for a clean energy transition,&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/energy-efficiency-boost-sic-gan/">Reducing Energy Losses in Electrical Conversion with Power Electronics</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>Energy efficiency is often referred to as the &ldquo;first fuel&rdquo; for a clean energy transition, as it allows for the quickest and most cost-effective reductions in </b></span><span class="s2"><b>CO<sub>2</sub> emissions. In the All Electric Society, </b></span><span class="s1"><b>the focus is particularly on electricity conversion, with power electronics playing a central role.</b></span></p>
<p class="p1">Being mindful of energy use pays off, as the cheapest and most climate-friendly kilowatt-hour is the one that isn&rsquo;t consumed at all. Achieving high energy efficiency is crucial to avoid unnecessary energy losses. Energy efficiency refers to the ratio of energy input to its useful output. Over the past years and decades, many efforts have been made to waste less energy, such as through more efficient LED lighting, improved vehicle fuel efficiency, and advancements in industrial processes. The Intergovernmental Panel on Climate Change (IPCC) estimates that implementing all options to increase energy efficiency could save more than five gigatonnes of CO<sub>2</sub> equivalents by 2030.</p>
<blockquote>
<p class="p1">&ldquo;Energy efficiency has many additional benefits. It improves air quality, helps businesses save energy so they can reinvest savings into other productive areas, and promotes more efficient industrial processes,&rdquo; says EU Commissioner Kadri Simson.</p>
</blockquote>
<h2 class="p3"><span class="s1"><b>Global Energy Efficiency increases</b></span></h2>
<p class="p2">Since 2020, global investments in energy efficiency have risen by 45&nbsp;percent according to the IEA. For example, nearly all countries now have efficiency standards for air conditioning, and the number of countries with standards for more efficient industrial motors has tripled over the last decade. However, the global improvement in energy intensity &ndash; the amount of energy required to produce a unit of gross domestic product (GDP) &ndash; has slowed. In 2023, it improved by only 1.3&nbsp;percent, well below the rate needed to achieve climate targets.</p>
<blockquote>
<p class="p2">&ldquo;The world&rsquo;s climate ambitions hinge on our ability to make the global energy system much more efficient. If governments want to keep the 1.5&thinsp;&deg;C goal within reach while supporting energy security, doubling energy efficiency progress this decade is critical,&rdquo; said IEA Executive Director Fatih Birol.</p>
</blockquote>
<p class="p2">National examples show that it can be done differently. For instance, the European Union improved its energy intensity by eight percent in 2022 and by five percent in 2023. The United States achieved a four percent improvement in 2023.</p>
<h2 class="p3"><span class="s1"><b>Reducing Conversion Losses</b></span></h2>
<p class="p2">I<span class="s1">n the All Electric Society, efforts are mainly focused on the more efficient use of electricity. A crucial lever in this regard is reducing losses during the conversion of electrical energy. When electricity is converted in terms of voltage form (direct or alternating current), voltage level, current, and frequency, losses inevitably occur. Static and dynamic conduction losses in the semiconductor materials of power electronics increase switching losses during the provision, distribution, and use of electrical energy, thus increasing the consumption of valuable primary energy. In Europe alone, an estimated three terawatt-hours of electrical energy are wasted annually due to conversion losses &ndash; a figure that is rising. To achieve significant energy savings, improvements must start with the semiconductor materials themselves.</span></p>
<h2 class="p3"><span class="s1"><b>Increasing Efficiency with SiC and GaN</b></span></h2>
<p class="p2">The silicon components currently established in power electronics are being replaced by more powerful semiconductors with wide bandgaps (WBG), which have superior physical and electrical properties. Semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) offer higher switching speeds and better thermal properties. SiC is particularly in demand for high-power applications like electric vehicles and industrial motors, while GaN excels in low-voltage applications such as fast chargers for consumer products. Overall, both semiconductor materials enable significantly higher efficiencies in power conversion: in typical applications like power supply modules or inverters, efficiency improvements of three to five percent can be achieved.</p>
<h2 class="p3"><span class="s1"><b>Future with Ultra-Wide Bandgap (UWBG) Semiconductors</b></span></h2>
<p class="p2">It is already foreseeable that in the future, even WBG components will be surpassed by semiconductors with ultra-wide bandgaps (UWBG). A promising UWBG semiconductor is aluminium nitride (AlN). Compared to established silicon components, AlN/GaN transistors, which have already been successfully manufactured on AlN wafers in research projects, exhibit up to three thousand times lower conduction losses and are about ten times more powerful than SiC components.</p>
<p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-12447" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN.jpg" alt="Applications of SiC and GaN Wide-bandgap semiconductors like SiC and GaN operate at significantly higher frequencies than silicon. This results in smaller passive components and increased efficiency." width="2126" height="1494" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN.jpg 2126w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-300x211.jpg 300w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-800x562.jpg 800w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-285x200.jpg 285w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-768x540.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-1536x1079.jpg 1536w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-2048x1439.jpg 2048w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-320x225.jpg 320w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-213x150.jpg 213w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphical_Overview_Applications_for_SiC_and_GaN-445x313.jpg 445w" sizes="(max-width: 2126px) 100vw, 2126px"></p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/energy-efficiency-boost-sic-gan/">Reducing Energy Losses in Electrical Conversion with Power Electronics</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Understanding the EU’s Critical Raw Materials&#160;Act</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/understanding-the-eus-critical-raw-materials-act/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 13:44:55 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12418</guid>

					<description><![CDATA[<p>Critical raw materials such as cobalt, lithium, and rare earth elements are essential for the&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/understanding-the-eus-critical-raw-materials-act/">Understanding the EU’s Critical Raw Materials&nbsp;Act</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>Critical raw materials such as cobalt, lithium, and rare earth elements are essential for the various technologies of the All Electric Society. To secure supply and reduce dependencies, the European Union enacted the Critical Raw Materials Act in spring 2024. </b></span></p>
<p class="p1">By 2050, the global demand for cobalt and lithium for electric vehicle batteries is expected to increase nearly twentyfold. The transition to a fossil fuel-free energy supply will require significant amounts of copper, aluminium, and iron, with demand likely to double. Rare earth elements, essential for technologies like wind turbines, will also be needed in much larger quantities.</p>
<blockquote>
<p class="p1">&ldquo;While the global economy will become less resource-intensive overall due to decarbonisation as it moves away from coal, oil, and gas,&rdquo; says Felix Creutzig, head of the Land Use, Infrastructure, and Transport working group at the Mercator Research Institute on Global Commons and Climate Change (MCC) in Berlin, &ldquo;the additional material requirements due to the climate transition, the associated resource extraction, and the resulting waste streams pose significant ecological and social risks at regional and local levels.&rdquo;</p>
</blockquote>
<p class="p1">Creutzig is the lead author of a study that explores the anticipated increases in material consumption due to the climate transition and suggests ways to mitigate them. The study highlights the importance of demand-side climate solutions, such as changes in mobility, housing, and diet, as well as the expansion of material recycling in the economy.</p>
<p><img decoding="async" class="alignnone size-full wp-image-12424" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-scaled.jpg" alt="Surging demand for critical raw materials driven by net-zero goals and rising global needs" width="1280" height="2560" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-scaled.jpg 1280w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-150x300.jpg 150w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-512x1024.jpg 512w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-100x200.jpg 100w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-768x1536.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-1024x2048.jpg 1024w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-160x320.jpg 160w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-75x150.jpg 75w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Surging_Demand_Critical_Raw_Material_Act-156x313.jpg 156w" sizes="(max-width: 1280px) 100vw, 1280px"></p>
<h2 class="p3"><span class="s1"><b>EU aims to Secure Raw Material Supply</b></span></h2>
<p class="p2"><span class="s2">Even with efforts to reduce demand, the realisation of an All Electric Society will not be possible without a secure supply of critical raw materials. To address this, the European Union introduced the Critical Raw Materials Act, a regulation designed to ensure a diversified, secure, and sustainable supply of critical raw materials for the EU&rsquo;s industry. The regulation came into force in May 2024 and aims to strengthen supply within the EU and reduce dependence on individual suppliers. This is crucial because the market for critical raw materials is often dominated by a few supplier countries, which may not always be reliable. For example, Guinea accounts for nearly a quarter of global bauxite production (a precursor to aluminium), while half of the world&rsquo;s cobalt reserves are located in conflict-stricken Congo. Additionally, 90&nbsp;percent of semiconductor wafers for solar cells are produced in China.</span></p>
<h2 class="p3"><span class="s1"><b>From Extraction to Recycling</b></span></h2>
<p class="p2">The Critical Raw Materials Act introduces benchmarks for increasing capacities in mining, processing, and recycling within the EU. These include simplified approval procedures and easier access to financial resources. A key aspect that the new EU regulation aims to improve is the recycling of critical raw materials. End-of-life products from the automotive industry, electric vehicles, e-waste, and decarbonised energy technologies are rapidly emerging as secondary sources of valuable critical materials. Market analysts from IDTechEx predict that by 2045, critical materials worth 110 billion US&nbsp;dollars will be recovered annually from secondary <span class="s2">sources, with a total weight of over 3.3 million tonnes. The Critical Raw Materials Act sets recycling targets for various materials.</span></p>
<h2 class="p3"><span class="s1"><b>Call for more Flexibility</b></span></h2>
<p class="p2">However, rigid, static targets, such as those currently outlined in the Critical Raw Materials Act, have been criticised by experts. Raw material markets and supply systems are inherently highly dynamic &ndash; fixed targets may not be effective. New technologies can quickly increase demand for certain raw materials, while substitution effects can rapidly reduce the demand for others that were previously considered scarce and critical. For example, cobalt: strong substitution effects in batteries are already emerging. Will cobalt still be needed as a key cathode material for lithium-ion batteries by 2030, given the future state of technology?</p>
<blockquote>
<p class="p2">Professor Simon Gl&ouml;ser-Chahoud, an economist from the TU Bergakademie Freiberg, states, &ldquo;For successful regulation of raw material supply, both the set quotas and the list of strategic raw materials must be regularly reviewed and adjusted.&rdquo;</p>
</blockquote>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/understanding-the-eus-critical-raw-materials-act/">Understanding the EU’s Critical Raw Materials&nbsp;Act</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>How the EU Cyber Resilience Act will Work in Practice</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/how-the-eu-cyber-resilience-act-will-work/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 12:46:27 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12406</guid>

					<description><![CDATA[<p>With the Cyber Resilience Act, a significant step is being taken to strengthen cybersecurity in&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/how-the-eu-cyber-resilience-act-will-work/">How the EU Cyber Resilience Act will Work in Practice</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>With the Cyber Resilience Act, a significant step is being taken to strengthen <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> in Europe. It will apply to all connected products, including components of the All Electric Society, which are increasingly exposed to cyberattacks. </b></span></p>
<p class="p1">According to the International Energy Agency (IEA), the number of cyberattacks on energy utilities worldwide more than doubled between 2020 and 2022. Recently, incidents have included the deactivation of wind farm remote monitoring, outages of electricity meters due to unavailable IT systems, and hacking of data such as customer names, addresses, bank details, and phone numbers. Globally, the average cost of a data breach in the energy sector reached a new record high of 4.72 million US&nbsp;dollars in 2022.</p>
<h2 class="p3"><span class="s1"><b>Security from the Start</b></span></h2>
<p class="p2">&ldquo;The need for <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> affects the entire power grid, including distribution networks, transmission networks, and the connected renewable energy sources,&rdquo; explains Frances Cleveland, Head of <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">Cybersecurity</a> within the IEC/TC 57 technical committee of the International Electrotechnical Commission (IEC). The committee publishes fundamental standards for the <a href="https://future-markets-magazine.com/en/encyclopedia/smart-grid/" target="_blank" title="An intelligent power grid" class="encyclopedia">Smart Grid</a>, such as the IEC 62351 series. In addition to <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> requirements, it also includes guidelines for considering security requirements in systems and operations during the development phase, so that security measures are not only implemented once the systems are already in operation.</p>
<blockquote>
<p class="p2">&ldquo;The goal is to ensure that participants in the distributed energy resources (DER) sector manufacture and connect these DER systems in a way that incorporates <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> measures and technologies from the outset, making the DER systems &lsquo;secure by design&rsquo;. If <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> is only considered once the system is already on the market, it&rsquo;s akin to putting a plaster on a life-threatening wound,&rdquo; Cleveland further explains.</p>
</blockquote>
<h2 class="p3"><span class="s1"><b>The Cyber Resilience Act is coming</b></span></h2>
<p class="p2">This is precisely where the Cyber Resilience Act (CRA), approved by the European Parliament in spring 2024, comes into play: The regulation will apply to all products that are either directly or indirectly connected to another device or network. This includes connected security cameras, energy management systems, and wind turbine controls. The CRA requires manufacturers to ensure basic <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> requirements, such as guaranteeing the confidentiality and integrity of data. It also stipulates that manufacturers must maintain the IT security of their products throughout their lifecycle. They must demonstrate how they address and resolve vulnerabilities in their products. Only with proof of compliance with the CRA can products be brought to the European market with a CE mark in the future.</p>
<h2 class="p3"><span class="s1"><b>Risk Differentiation </b></span></h2>
<p class="p2">Important and critical products will be categorised into different lists based on their criticality and the degree of <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> risk they pose. These lists will be proposed and updated by the European Commission. Products deemed to pose a higher <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> risk will undergo stricter scrutiny by a designated body, while others may follow a simpler conformity assessment process, often managed internally by the manufacturers.</p>
<p class="p2"><span class="s2">Following the introduction of the CRA &ndash; expected later in 2024 &ndash; manufacturers will have 36 months to prepare for the upcoming regulations. These will apply to products expected to be introduced to the market from 2027 onwards. </span></p>
<blockquote>
<p class="p2"><span class="s2">Lead MEP Nicola Danti (Renew, IT) stated: &ldquo;The Cyber Resilience Act will strengthen the <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> of connected products, tackling vulnerabilities in hardware and software alike, making the EU a safer and more resilient continent.&rdquo;</span></p>
</blockquote>
<p><img decoding="async" class="alignnone size-full wp-image-12407" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work.jpg" alt="Graphic: How the cyber resilience act will work" width="2138" height="2480" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work.jpg 2138w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-259x300.jpg 259w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-800x928.jpg 800w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-172x200.jpg 172w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-768x891.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-1324x1536.jpg 1324w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-1766x2048.jpg 1766w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-276x320.jpg 276w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-129x150.jpg 129w, https://future-markets-magazine.com/wp-content/uploads/2024/10/How_the_cyber_resilience_act_will_work-270x313.jpg 270w" sizes="(max-width: 2138px) 100vw, 2138px"></p>
<h2 class="p1"><b>Obligations of Manufacturers under the Cyber Resilience Act</b></h2>
<ul>
<li class="p2"><a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">Cybersecurity</a> is considered during the planning, design, development, production, delivery, and maintenance phases</li>
<li class="p2">All <a href="https://future-markets-magazine.com/en/encyclopedia/cybersecurity/" target="_blank" title="Solutions to counter the risks posed by connecting to and over the Internet." class="encyclopedia">cybersecurity</a> risks are documented</li>
<li class="p2">Manufacturers must report actively exploited vulnerabilities and incidents</li>
<li class="p2">After the sale, manufacturers must ensure that vulnerabilities are effectively addressed during the support period</li>
<li class="p2">Clear and understandable instructions for the use of products with digital elements</li>
<li class="p2"><span class="s1">Security updates must be made available to users for the expected</span> lifespan of the product.</li>
</ul>
<p class="p3"><span class="s2"><i>Source: European Union</i></span></p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/how-the-eu-cyber-resilience-act-will-work/">How the EU Cyber Resilience Act will Work in Practice</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Building the Internet of Energy</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/building-the-internet-of-energy/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 12:29:30 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12394</guid>

					<description><![CDATA[<p>The transformation of energy supply brings enormous challenges. Integrating energy technology with information and communication&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/building-the-internet-of-energy/">Building the Internet of Energy</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>The transformation of energy supply brings enormous challenges. Integrating energy technology with information and communication technologies plays a key role in addressing these challenges.</b></span></p>
<p class="p1">In the All Electric Society, various actors in the energy system communicate with each other: energy producers, grid operators, consumers, and prosumers all have different technical backgrounds and interests (e.g., cost optimisation versus grid stability) but still need to &ldquo;talk&rdquo; to each other.</p>
<blockquote>
<p class="p1">Michael Teigeler, Managing Director of DKE, explains: &ldquo;In the end, it should be possible, for example, for the photovoltaic system on an office building to supply part of the electricity that a steel mill needs at that moment. The key to this is a standardised exchange of information between sectors in a highly complex system that intelligently and autonomously manages demand, supply, and loads between producers, consumers, and storage.&rdquo;</p>
</blockquote>
<h2 class="p3"><span class="s1"><b>The Grid becomes Part of the IoT</b></span></h2>
<p class="p2">The goal is an &ldquo;Internet of Energy,&rdquo; where <a href="https://future-markets-magazine.com/en/encyclopedia/smart-grid/" target="_blank" title="An intelligent power grid" class="encyclopedia">smart grid</a>s collect and analyse data from <a href="https://future-markets-magazine.com/en/encyclopedia/iot/" target="_blank" title="Internet of Things" class="encyclopedia">IoT</a>-enabled sensors and devices within the energy system. According to a study by the Fraunhofer Institute for Systems and Innovation Research, the widespread use of <a href="https://future-markets-magazine.com/en/encyclopedia/smart-grid/" target="_blank" title="An intelligent power grid" class="encyclopedia">smart grid</a>s could save up to 30 percent of grid stabilisation costs by 2030.</p>
<h2 class="p3"><span class="s1"><b>Diverse Communication Solutions</b></span></h2>
<p class="p2">All communication technologies of the Internet of Things can be used to transmit information. 5G is particularly suitable for real-time management and automation of the <a href="https://future-markets-magazine.com/en/encyclopedia/smart-grid/" target="_blank" title="An intelligent power grid" class="encyclopedia">smart grid</a>. For applications requiring low bandwidth and where high latency is acceptable, such as reading data from <a href="https://future-markets-magazine.com/en/encyclopedia/smart-meter/" target="_blank" title="An intelligent meter" class="encyclopedia">smart meter</a>s, low-power radio networks like LoRaWAN or NB-<a href="https://future-markets-magazine.com/en/encyclopedia/iot/" target="_blank" title="Internet of Things" class="encyclopedia">IoT</a> offer a cost-effective alternative to mobile networks. A <a href="https://future-markets-magazine.com/en/encyclopedia/broadband/" target="_blank" title="Umbrella term for Internet access via networks operating at high data transfer rates, implemented as&hellip;" class="encyclopedia">broadband</a> powerline infrastructure, which transmits data over power cables, promises high availability and easy rollout. For communication within a building, solutions like <a href="https://future-markets-magazine.com/en/encyclopedia/wi-fi/" target="_blank" title="Designation for a consortium of companies issuing certification of devices with wireless interfaces as well&hellip;" class="encyclopedia">Wi-Fi</a> or <a href="https://future-markets-magazine.com/en/encyclopedia/zigbee/" target="_blank" title="Wireless network standard for connecting devices in the near range between 1 and 100 metres,&hellip;" class="encyclopedia">ZigBee</a> can be utilised.</p>
<h2 class="p3"><span class="s1"><b>Standardised Language</b></span></h2>
<p class="p2"><span class="s2">Data must not only be transmitted but also understood by different actors. This is achieved through specialised communication protocols. One example is the manufacturer-independent communication protocol EEBUS. It allows energy management-relevant devices from various manufacturers to connect and interact with grid and market operators. These include <a href="https://future-markets-magazine.com/en/encyclopedia/smart-meter/" target="_blank" title="An intelligent meter" class="encyclopedia">smart meter</a>s, control units, electric vehicle charging stations, heat pumps, and energy management systems. </span></p>
<blockquote>
<p class="p2"><span class="s2">Sebastian Wolfsteiner, an energy management expert at Schneider Electric, emphasises: &ldquo;EEBUS solves the challenge of providing an interoperable, reliable, and updatable interface for all relevant devices from different industries. This is no trivial task and a challenge.&rdquo; Schneider Electric has equipped its energy management solution, Home Energy Management System, with an EEBUS interface.</span></p>
</blockquote>
<p class="p2"><span class="s2">In addition to EEBUS, there are several other protocols: The Open <a href="https://future-markets-magazine.com/en/encyclopedia/smart-grid/" target="_blank" title="An intelligent power grid" class="encyclopedia">Smart Grid</a> Protocol (OSGP) is one of the most important standard groups for transmitting commands to <a href="https://future-markets-magazine.com/en/encyclopedia/smart-meter/" target="_blank" title="An intelligent meter" class="encyclopedia">smart meter</a>s. Published by the European Telecommunications Standards Institute (ETSI), OSGP is based on several open standards, including ANSI C12.18 and IEC 62056. Message Queuing <a href="https://future-markets-magazine.com/en/encyclopedia/telemetry/" target="_blank" title="Technique for calculating or measuring distance" class="encyclopedia">Telemetry</a> Transport (MQTT) is a lightweight protocol often paired with TCP/IP, requiring very little bandwidth or network resources. Additionally, specialised protocols exist, such as the Open Charge Point Protocol (OCPP) developed by the Open Charge Alliance, which enables communication between a charging station and a billing or management system.</span></p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-12395" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system.jpg" alt="Graphic: Available communication technologies for data transmission in the energy system" width="1772" height="1772" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system.jpg 1772w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-300x300.jpg 300w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-800x800.jpg 800w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-200x200.jpg 200w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-768x768.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-1536x1536.jpg 1536w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-120x120.jpg 120w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-320x320.jpg 320w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-150x150.jpg 150w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Graphic_Available_communication_technologies_for_data_transmission_in_the_energy_system-313x313.jpg 313w" sizes="(max-width: 1772px) 100vw, 1772px"></p>
<h2 class="p3"><span class="s1"><b>Market Growth</b></span></h2>
<p class="p2"><span class="s1">The Internet of Energy enables real-time data on energy consumption, allowing better management of the power grid. Solar, wind, and other renewable energy sources can be integrated more effectively into the grid by making accurate predictions about energy consumption and generation. </span></p>
<blockquote>
<p class="p2"><span class="s1">The prospects for the Internet of Energy are impressive: according to analysts at Prophecy Market Insights, the market volume is expected to multiply from 139.5&nbsp;billion US&nbsp;dollars in 2024 to 493.7 billion US&nbsp;dollars in 2034</span>.</p>
</blockquote>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/building-the-internet-of-energy/">Building the Internet of Energy</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>What is Sector Coupling?</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/what-is-sector-coupling-definition/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 10:43:44 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12374</guid>

					<description><![CDATA[<p>Sector coupling is a key approach for integrating renewable energy into various areas such as&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/what-is-sector-coupling-definition/">What is Sector Coupling?</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>Sector coupling is a key approach for integrating renewable energy into various areas such as electricity, heating, transport, and industry. By closely linking these sectors, excess green electricity can be optimally utilised to replace fossil fuels.</b></span></p>
<p class="p1">Electricity generation from renewable sources like wind and photovoltaics is subject to significant fluctuations due to time and weather conditions. However, even as the share of renewable electricity increases, the balance between generation and consumption on the grid must be maintained. This is achieved through sector coupling, which describes approaches that more closely connect the previously separate energy and economic sectors of electricity, heating, transport, and industry. The goal is to fully harness the potential of electricity generated from wind and solar power for heating, industry, and transport.</p>
<blockquote>
<p class="p1">&ldquo;Green electricity will be the oil, coal, and gas of tomorrow &ndash; from heating to mobility,&rdquo; explains Alexander Bonde, Secretary-General of the German Federal Environmental Foundation. &ldquo;We need to explore new paths with practical innovations, new technologies, and visionary ideas. Sector coupling is the key to a sustainable future.&rdquo; According to Bonde, the intensive linking of the electricity, heating, transport, and industry sectors is &ldquo;essential for the success of the energy transition.&rdquo;</p>
</blockquote>
<h2 class="p3"><span class="s1"><b>Energy Exchange across Sectors</b></span></h2>
<p class="p2">So far, these fields have formed separate ecosystems to some extent. In sector coupling, however, energy generation, distribution, storage, and consumption are viewed as a holistic system. Within this system, the individual sectors exchange energy with each other so that it is available in the right form &ndash; whether as electricity, heat, or &ldquo;green&rdquo; gas &ndash; wherever it is needed. The production of green hydrogen through electrolysis is one of the key technologies in sector coupling, allowing renewable electricity to be stored and used in industries, transport, buildings, and even for reconversion to electricity.</p>
<h2 class="p3"><span class="s1"><b>Standardised Communication</b></span></h2>
<p class="p2"><span class="s1">In addition to energy, data will also be a crucial link between the individual industries. This means that sectors must be interconnected not only in terms of performance but also communication. Only by collecting and analysing energy consumption and generation data energy flows can be optimally controlled. Standardised communication protocols within various networks enable the necessary communication, free from system boundaries. Technology standards like Ethernet IEEE 802.3, the <a href="https://future-markets-magazine.com/en/encyclopedia/digital-twin/" target="_blank" title="A digital representation of a real entity or system. The implementation of a digital twin&hellip;" class="encyclopedia">Digital Twin</a> standard IDTA, the ODCA for unified direct current technology, and OPC UA for standardised data exchange are already significant enablers of sector coupling.</span></p>
<h2 class="p3"><span class="s1"><b>Secure Data Exchange through a Common Space</b></span></h2>
<p class="p2"><span class="s1">Equally important is a shared data space that allows the sovereign and secure exchange of energy data. In a pilot project, the Fraunhofer Institute for Applied Information Technology FIT, together with partners, developed a secure method of data exchange within the energy system. A Gaia-X and IDSA-compliant reference architecture for a German energy data space was developed and implemented. </span></p>
<blockquote>
<p class="p2"><span class="s1">Prof. Dr. Jens Str&uuml;ker, one of the project leaders from FIT, highlights the strategic importance of the project for the energy sector: &ldquo;The next phase of the energy transition has begun. Alongside the expansion of renewable energy, the focus is now on system and market integration of exponentially growing distributed energy resources. Specifically, dynamic electricity tariffs and dynamic grid charges [&hellip;] will be needed for heat pumps and electric vehicles, among others. Data spaces promise to organise the necessary exchange of consumption data in a data-sovereign and scalable manner.&rdquo;</span></p>
</blockquote>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-12386" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic.jpg" alt="Sector Coupling: How it works graphic" width="2067" height="2008" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic.jpg 2067w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-300x291.jpg 300w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-800x777.jpg 800w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-206x200.jpg 206w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-768x746.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-1536x1492.jpg 1536w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-2048x1990.jpg 2048w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-320x311.jpg 320w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-154x150.jpg 154w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Sector_Coupling_how_it_works_graphic-322x313.jpg 322w" sizes="(max-width: 2067px) 100vw, 2067px"></p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/all-electric-society/what-is-sector-coupling-definition/">What is Sector Coupling?</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Decarbonising Industry with Energy-Efficient Motors and Process Heat</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/decarbonising-industry-energy-efficient-motors-process-heat/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 09:36:41 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12363</guid>

					<description><![CDATA[<p>Industry is responsible for 25 percent of global CO2 emissions, with the majority stemming from&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/decarbonising-industry-energy-efficient-motors-process-heat/">Decarbonising Industry with Energy-Efficient Motors and Process Heat</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>Industry is responsible for 25 percent of global CO<sub>2</sub> emissions, with the majority stemming from inefficient drive systems and process heat. Emissions can be significantly reduced through the use of energy-efficient technologies and electrification.</b></span></p>
<p class="p1">According to the International Energy Agency, the industrial sector was directly responsible for emitting nine gigatonnes of CO<sub>2</sub> in 2022, accounting for a quarter of the global CO<sub>2</sub> emissions from the energy system.</p>
<h2 class="p3"><span class="s1"><b>Focus on Drive Technology</b></span></h2>
<p class="p2"><span class="s1">Electric motors and drive systems consume around 70 percent of the energy used in industry. Therefore, the use of energy-efficient motors presents a significant opportunity to reduce emissions. To describe the energy efficiency of an electric motor, the international standard IEC 60034-30-1 defines energy efficiency classes. These are classified using so-called IE codes, with five classes currently standardised worldwide, ranging from IE1 &ldquo;Standard Efficiency&rdquo; to IE5 &ldquo;Ultra Premium Efficiency.&rdquo; However, the IEC 60034 standard does not specify when each efficiency class should be used; this is determined by regional legislation. Today, nearly all markets have requirements for the minimum efficiency of electric motors.</span></p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-12390" src="https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4.jpg" alt="Upgrading from IE1 to IE4 results in a 7.1% reduction in energy consumption based on the example of a 4-pole 55 kW motor" width="945" height="1772" srcset="https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4.jpg 945w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-160x300.jpg 160w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-546x1024.jpg 546w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-107x200.jpg 107w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-768x1440.jpg 768w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-819x1536.jpg 819w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-171x320.jpg 171w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-80x150.jpg 80w, https://future-markets-magazine.com/wp-content/uploads/2024/10/Upgrading_from_IE1_to_IE4-167x313.jpg 167w" sizes="(max-width: 945px) 100vw, 945px"></p>
<h2 class="p3"><span class="s1"><b>High savings Targets in the EU</b></span></h2>
<p class="p2">In the European Union, these requirements are regulated by Commission Regulation (EU) 2019/1781, which sets out ecodesign requirements for electric motors and variable speed drives. The latest stage of this regulation came into force in July 2023, requiring all electric motors with a power range between 75 and 200 kilowatts to meet at least the IE4 international energy class. Similarly, IE classes for inverters and IES classes for inverter-motor combinations are also defined. The European Union expects that this regulation will save more than 100 TWh of energy annually by 2030.</p>
<h2 class="p3"><span class="s1"><b>Challenge of Process Heat</b></span></h2>
<p class="p2">After electric drive technology, the generation of process heat is the largest contributor to greenhouse gas emissions in industry. &ldquo;Process heat&rdquo; refers to the heat needed for specific technical processes in the production, further processing, or refinement of products. Today, this heat is mainly generated by fossil fuels. This is especially true in the production of steel and cement, as well as in the chemical industry, where high temperatures exceeding 500 degrees Celsius are required.</p>
<h2 class="p3"><span class="s1"><b>Alternatives for the Steel Industry</b></span></h2>
<p class="p2">Depending on the required temperature level, different technologies are available to reduce emissions in process heat generation. For example, electric arc furnaces (EAF) and direct reduced iron (DRI) processes can significantly reduce CO<sub>2</sub> emissions in the steel industry. In the direct reduction of iron, hydrogen is used to reduce iron ore, producing water vapour instead of CO<sub>2</sub> as a byproduct. Compared to conventional methods, this technology can reduce CO<sub>2</sub> emissions by 50 to 90 percent. Electric arc furnaces have been a proven electric technology for melting iron for decades, although they have mainly been used for recycling steel scrap.</p>
<p class="p2"><span class="s2">In gas-fired industrial processes that require very high energy density, hydrogen may be more advantageous than electricity. In such cases, direct electrification is often not yet technically mature or would require </span>significant modifications to existing facilities.</p>
<h2 class="p3"><span class="s3"><b>Heat Solutions for Industry</b></span></h2>
<p class="p2">Industries such as food production or paper, wood, and pulp manufacturing primarily require heat in the low to mid-temperature range. Various technologies are already available to generate this heat with low emissions. Geothermal energy can provide temperatures up to 180 degrees Celsius, and even higher temperatures can be achieved through the additional use of high-temperature heat pumps, which in pilot plants can already reach up to 300 degrees Celsius. Power-to-Heat technologies, such as electrode boilers, induction furnaces, and other electrothermal processes (such as high-frequency heating and infrared heating), are also suitable for electrification.</p>
<h2 class="p3"><span class="s1"><b>Time is of the Essence</b></span></h2>
<p class="p2">Industry is undoubtedly one of the sectors where decarbonisation is most challenging: low-carbon technologies for many processes are still in development or are too expensive. However, decisions on measures to reduce industrial CO<sub>2</sub> emissions must be made now. Many industrial facilities have lifespans of several decades, and if the industry is to be climate-neutral by 2050, the framework must be set now. This will not be possible without government measures, particularly to mandate CO<sub>2</sub> emission reductions and mitigate the risks associated with developing and deploying new technologies.</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/decarbonising-industry-energy-efficient-motors-process-heat/">Decarbonising Industry with Energy-Efficient Motors and Process Heat</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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		<title>Solutions for Decarbonising Transport for Net Zero</title>
		<link>https://future-markets-magazine.com/en/markets-technology-en/solutions-for-decarbonising-transport-for-net-zero/</link>
		
		<dc:creator><![CDATA[The Quintessence]]></dc:creator>
		<pubDate>Wed, 30 Oct 2024 08:26:47 +0000</pubDate>
				<category><![CDATA[All Electric Society]]></category>
		<category><![CDATA[Markets & Technology]]></category>
		<guid isPermaLink="false">https://future-markets-magazine.com/?p=12343</guid>

					<description><![CDATA[<p>More than a third of CO2 emissions from end-use sectors are attributed to transport. Electrification&#8230;</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/solutions-for-decarbonising-transport-for-net-zero/">Solutions for Decarbonising Transport for Net Zero</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="p1"><span class="s1"><b>More than a third of CO<sub>2</sub> emissions from end-use sectors are attributed to transport. Electrification of road transport is the most significant lever for greater sustainability. However, climate-neutral alternatives are also being sought for aircraft and ships.</b></span></p>
<p class="p1">The transport sector remains reliant on fossil fuels. According to the International Energy Agency (IEA), around 8 gigatonnes of CO<sub>2</sub> are currently emitted annually by vehicles, ships, and aircraft. To achieve the net-zero target, emissions from the mobility sector would need to decrease by about 25 percent to 6 gigatonnes by 2030.</p>
<blockquote>
<p class="p1"><b>91 percent </b>of the transport sector&rsquo;s final energy consumption still relies on petroleum products, reflecting a reduction of only 3.5 percentage points since the early 1970s.<br>
<span class="s1"><i>Source: IEA</i></span></p>
</blockquote>
<h2 class="p3"><span class="s1"><b>Greatest Potential in Road Transport</b></span></h2>
<p class="p2">Most emissions originate from road transport, making the electrification of road vehicles the most effective way to reduce greenhouse gas emissions. In fact, electric vehicles are no longer a niche topic. Their share of new car sales in Europe has risen from less than 1 percent in 2019 to 16 percent in 2023, according to McKinsey. Despite the abolition of purchase subsidies in markets such as Germany at the end of 2023, sales have remained stable. In the first half of 2024, over 875,000 new battery-electric vehicles were sold across the continent.</p>
<h2 class="p3"><span class="s1"><b>Focus on Batteries and Power Electronics</b></span></h2>
<p class="p2">The battery and electronics industries play key roles in further advancing the electrification of road vehicles. Future technologies such as solid-state batteries, with better energy density, charging time, range, fire safety, and cost efficiency, will set new benchmarks. In the field of power electronics, silicon carbide (SiC) and gallium nitride (GaN) semiconductors with wide bandgap properties are increasingly finding applications due to their high efficiency and energy savings. The next developmental stage, still in its infancy, is diamond semiconductors. Meanwhile, innovative packaging technologies are driving miniaturisation.</p>
<p class="p2">However, the success of electric vehicles also requires modernisation of the electricity grid. Developing synergies between grids and electric vehicles is crucial. Smart charging, Vehicle-to-X (<a href="https://future-markets-magazine.com/en/encyclopedia/v2x/" target="_blank" title="Communication between a vehicle and any other party (V2V = vehicle, V2I = infrastructure, V2P&hellip;" class="encyclopedia">V2X</a>) technology, improved flexibility, and data interoperability are all important measures towards this end.</p>
<h2 class="p3"><span class="s2"><b>Alternative Fuels for Ships and Aircraft</b></span></h2>
<p class="p2">In aviation and maritime sectors, alternatives to fossil fuel-powered engines are also being explored. On short routes &ndash; such as with passenger drones or ferries &ndash; battery-electric propulsion systems are already under testing or even in partial use. However, for deep-sea shipping or long-haul flights, the required battery capacity would be too high. Therefore, alternative fuels are being developed for these areas. Promising options include powering ships with hydrogen, ammonia, or methanol &ndash; when produced using renewable energy, they offer a means to significantly reduce emissions.</p>
<p class="p2">In the aviation sector, hybrid-electric aircraft and hydrogen-powered planes &ndash; whether through direct combustion, onboard fuel cells, or a combination of both &ndash; are in various stages of conceptualisation and prototype development. Among potential decarbonisation measures, sustainable aviation fuel (SAF) is expected to make the most significant contribution. Certified for use in today&rsquo;s jet engines, sustainable fuels produce approximately 80 percent fewer greenhouse gas emissions than fossil kerosene. SAF is an umbrella term for all aviation fuels that, unlike conventional kerosene, are produced without using fossil resources like petroleum and also meet sustainability criteria. Various methods exist for producing SAF, with Power-to-Liquid (PtL) and Sun-to-Liquid (StL) technologies being particularly promising for the future. These are currently in the process of being scaled up to large-scale industrial production.</p>
<p class="p2">However, the SAF industry is still in its infancy. According to estimates by the International Air Transport Association, production capacity in 2024 will not exceed 1.5 million tonnes, barely accounting for 0.5 percent of total jet fuel demand. If airlines follow through on their plans to reduce emissions, the demand for SAF could rise to more than 20 million tonnes by 2030.</p>
<h2 class="p3"><span class="s2"><b>Net Zero only with Additional Measures</b></span></h2>
<p class="p2">To sustainably and successfully reduce emissions in the transport sector, electrification is essential. However, operational and technical measures to increase the energy efficiency of all modes of transport are also necessary. Moreover, policy must promote the shift to less carbon-intensive modes of transport, such as walking, cycling, and public transport.</p>
<p>The post <a href="https://future-markets-magazine.com/en/markets-technology-en/solutions-for-decarbonising-transport-for-net-zero/">Solutions for Decarbonising Transport for Net Zero</a> appeared first on <a href="https://future-markets-magazine.com/en/">Future Markets Magazine</a>.</p>
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