Notaitons On Our World (Week End Edition): On The Battle for Paradise

Welcome to Earth Day Week-End. Our Community, Laguna Niguel, is celebrating Earth Day by working at one of the secret gems here in our Community: Niguel Botannical Perserve. It is a reminder to us all that we have one Earth.

The need to protect it and insure that lives are saved is the responsibility of each and everyone of us. As we deemed this weekly “The Battle For Paradise”, there needs to be a realization that our entire Earth is Paradise.

We wanted to share some thoughts on it as we hope to build upon this on the rays of hope out Puerto Rico:

This is also we hereby present this courtesy of Peter Diamandis about the true possibilities to go beyond Fossil Fuels and think about how to be smart. There is no choice:

Every five days, the Sun provides the Earth with as much energy as all proven supplies of oil, coal and natural gas.

If humanity could capture just one part of 6,000 in available solar energy, we’d be able to meet 100 percent of our energy needs.

We’re about to enter an age of energy abundance.

This year, Peter brought Ramez Naam to Abundance 360 to explore how converging exponential technologies will reshape the energy industry in the years and decades ahead.

Naam spent 13 years as a Microsoft executive, and now heads the Energy track at Singularity University. He is a brilliant speaker, an acclaimed science fiction writer and one of Peter’s dear friends.

Before we dive in, here is some context:

As the video notes, the poorest countries in the world are also the sunniest, which means that the entire planet will benefit from the coming energy revolution.

Energy is a $6 trillion per year industry, and it’s ripe for disruption.

In his A360 remarks, Naam explained how the price of solar will further plummet while efficiency and accessibility will dramatically improve.

Some evidence of disruption Naam highlighted:

  1. Peabody, the largest private sector coal company on Earth, went bankrupt in 2014, about three years after its peak.

Over the past 40 years, the cost of solar panel materials has dropped 250x as a result of innovations in materials science.

Naam noted some major price milestones over the past year:

  1. Where: Tucson, Arizona. Cost: 4.3 cents/kWh.

The 2.42 cents/kWh deal signed in Abu Dhabi is the lowest unsubsidized cost per kWh ever signed anywhere in the world.

And with the anticipated convergences of machine learning, quantum computing and materials science, exponential improvements in solar panel materials will only accelerate.

“It’s like a digital shift in price, but in the most important physical infrastructure piece we have, which is energy,” explained Naam. “So now we’re hitting crossover, the point at which, in the sunniest parts of the world, solar is simply the cheapest energy you can buy, period, unsubsidized.”

The digitization of solar technology improvements is clear. The materials science of solar is a close cousin to that of computation: both rely on semiconductor and thin film technologies at their core.

With an exponential price decline in solar material cost, what other innovations must happen to truly approach dematerialized solar?

Currently, the amount of solar installed each year increases by 35 to 40 percent.

Considering this growth, we’ll see secondary and tertiary accelerants to the already exponential nature of solar.

Two-thirds of the cost of solar comes from soft costs — land, panel framing, solar trackers, maintenance, and so on. (Effectively everything besides the panels themselves.)

While robotic and automated solar trackers have been part of solar construction for some time, robotic labor and maintenance are about to disrupt the industry.

One megawatt of solar power is estimated to require 8 acres of land. U.S. solar capacity is on the order of 3,000 megawatts (only 0.65 percent of U.S. power produced), about 24,000 acres of solar-covered land. Extrapolating the 8-acre-per-megawatt estimate to a time when solar dominates 10 percent of U.S. energy, and we’ll need over 1.6 million acres of solar installations.

1.6 million acres is a lot of land to cover and maintain — for humans.

Solar farm robots will range from autonomous solar-panel-installing trucks to robotic solar panel technicians and surveillance drones and sensors detecting broken panels.

Removing the added cost of labor associated with laying acres of solar panels will be a secondary accelerant to lowering the cost of solar.

A tertiary accelerant happens when we can use renewable energy overnight and during inclement weather.

The utility of renewable energy generators is ultimately linked to our ability to store the harnessed energy.

Exponential advances in renewable technologies will converge with exponential advances in storage technology. We’re in the middle of an energy storage shakeup.

“Storage is the new solar,” says Naam. “This is where we’re seeing the rapid price plunge that’s now changing everything.”

To contextualize how rapidly storage technologies are improving, lithium-ion battery costs have dropped 5x over the past eight years.

Battery prices are decreasing at nearly the same rate as solar prices decreased, but a decade later.

Naam described four ways that entrepreneurs can take action:

  1. Watch the exposure of your supply chain to fossil fuel disruption

Peter often says that we are living in the most opportunity-filled time in human history.

An abundance of energy enables an entirely new era of innovation, with untold implications on everyday life and the global standard of living.

As a leader, how will you prepare for this change? Some already are as exemplified by this that we hope to see:

Scientists in Japan 🇯🇵 found an enzyme that quickly eats plastic waste — it normally takes 400 years for a plastic bottle to decompose https://t.co/3trnucJNgs pic.twitter.com/Hx3xSmzP8r

— Vala Afshar (@ValaAfshar) April 17, 2018

Originally published at www.thedailyoutsider.com on April 21, 2018.

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