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Insights Success The 10 Fastest Growing Utilities and Energy Solutions Provider Companies

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Need of the Hour<br />

sources like solar, hydro, wind, etc. But the fact is more<br />

than 70% of energy is generated by non-renewable sources.<br />

<strong>The</strong> main issue with the non-renewable sources is they are<br />

exhaustible <strong>and</strong> will be depleted one day. But some major<br />

issues are also related to conventional sources. For<br />

hydroelectric power, they can be generated at limited<br />

places, when the season is favorable <strong>and</strong> as they are located<br />

far from the industrial or domestic areas, transmission<br />

losses are non-negligible. <strong>The</strong> intensity of solar energy<br />

produced is very low <strong>and</strong> hence they require a lot of space<br />

to generate a significant amount of power, also, it cannot be<br />

produced everywhere. <strong>The</strong> other popular source, which is<br />

the wind energy, encounters similar complications. Wind<br />

turbines also cause major environmental issues near the<br />

wind farm.<br />

Efficiencies of Engines<br />

With all the issues related to current major sources,<br />

researchers are constantly finding new sources. Well<br />

research is not only going on to search new resources, but<br />

also how to use current resources, as a notable part of<br />

energy get wasted even before using it. To underst<strong>and</strong> this<br />

phenomenon, let us study the energy loss in two ways. If<br />

one barrel of crude oil is drilled, a major part of it is refined<br />

into gasoline <strong>and</strong> diesel, <strong>and</strong> the other part stays as a low<br />

grade fuel. For this process, there is not much scope as the<br />

low grade fuel cannot be converted into high quality fuel.<br />

Now in the next process, the extracted gasoline or diesel is<br />

converted into energy. In this conversion, the energy is not<br />

totally obtained as some of the energy is lost during the<br />

process. Now in the second process, the scope to save<br />

energy is very high. For example, internal combustion<br />

engine (ICE), the engine on which vehicles are driven loses<br />

about 62 % of the total energy available. This means it uses<br />

about 38-40% of energy from the available reserve. This<br />

ability of engines is also called as their efficiency, <strong>and</strong> here<br />

the efficiency of ICE is 38%.<br />

Using the Available Resources More Effectively<br />

Now, the prices of gasoline <strong>and</strong> diesel are increasing every<br />

single day. So if we consider that an average car runs 25<br />

miles per gallon, <strong>and</strong> considering that one gallons costs 2$,<br />

then in easy words we can state that our car runs 25 miles<br />

per 2$. Now, every one of us is expecting the price of<br />

gasoline to get lowered, so that our car runs 30 miles per<br />

2$. But, just consider what if we maximize the efficiency of<br />

our engine. If we, out of miracles, successfully invent an<br />

engine having 80 % efficiency, then with current gasoline<br />

prices, our car will run 50 miles for every 2$.<br />

Considering the power plants, coal based power plants has<br />

an average efficiency of 35-38%. Natural gas fired power<br />

plants has 32-38% <strong>and</strong> diesel engines has 35-42% of<br />

efficiency. In the renewable type of generation, wind<br />

turbines has 30-45% <strong>and</strong> hydro power plants has highest of<br />

them all, 85-90 % efficiency.<br />

After doing a lot of research you will underst<strong>and</strong> that there<br />

are reasonable factors that lower the efficiencies, but if a<br />

part of focus-that is being put in finding new resources-is<br />

dedicated in maximizing the efficiencies, then we may get<br />

an appreciable period to find new resources or to develop<br />

techniques to produce more energy from the renewable<br />

sources.<br />

|NOVEMBER 2016<br />

7

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