Monday, October 14, 2013
Too high a price for universal energy? Millions without power don’t think so
Did you know that in today’s technology-driven age, millions of people still live without regular access to fuel or electricity? That means they can’t heat their homes in the winter. They can’t cook, or keep their food refrigerated. While the rest of the world advances by leaps and bounds, these people are left to fend for themselves.
According to a paper recently published by the International Institute for Applied Systems Analysis, it would cost an estimated $65 billion and take two decades to construct a universal energy grid. The price tag includes power generation, grid expansion and maintenance, and grants for clean-burning stove. These stoves would benefit the more than 40% of people without them and reduce accidental fatalities by up to 1.8 million, the study claims.
So are the lives of millions worth $65 billion?
Shonali Pachauri, co-author of the paper, seems to think so. “The scale of investment required is small from a global perspective,” she says. “Without new policies and efforts, universal access to modern energy will not be achieved by 2030. Actually, for cooking, the situation may even worsen…”
Pachauri is right. $65 billion equates to less than 4% of current investments in the energy sector. So we don’t need to be investing MORE—we need to be investing SMARTER.
Participating in one of NRGLab’s many energy projects may just be the shrewdest financial move you’ve ever made.
NRGLab has developed a way to increase the efficiency of gas turbine generators. With the patent-pending “Eco-SV” Method, turbines achieve electrical efficiency levels between 53 and 72%. Compare this to the efficiency of most other turbines, which are lucky to register 35%.
A joint-venture with Viscoil Holdings involves recycling waste materials into useable fuel. NRGLab possesses exclusive rights to this technology for all of Southeast Asia. Coal is scheduled to be recycled in Indonesia. Engine oil in Malaysia. Agricultural byproduct in Singapore and Malaysia. In Singapore, for instance, NRGLab is able to recycle 2,000 tons of waste on a daily basis into 800 m3 of fuel! Imagine the possibilities this holds for the millions without access to power...
NRGLab is in the business of changing lives. If you’re interested in opportunities, contact us by visiting www.nrglab.asia.
[ ana shell, energy, gas turbines, GE, nrglab, nrglab pte ltd, nrglab singapore, nrglab сингапур, pakistan, research council, sh-box, Siemens, STIG, Verizon]