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Energy Return on Investment

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Release : 2016-11-29
Genre : Business & Economics
Kind : eBook
Book Rating : 214/5 ( reviews)

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Book Synopsis Energy Return on Investment by : Charles A.S. Hall

Download or read book Energy Return on Investment written by Charles A.S. Hall. This book was released on 2016-11-29. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of “progress” are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of “green” technologies that creates the boundary conditions for a sustainable future.

Spain’s Photovoltaic Revolution

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Release : 2013-01-04
Genre : Technology & Engineering
Kind : eBook
Book Rating : 378/5 ( reviews)

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Book Synopsis Spain’s Photovoltaic Revolution by : Pedro A. Prieto

Download or read book Spain’s Photovoltaic Revolution written by Pedro A. Prieto. This book was released on 2013-01-04. Available in PDF, EPUB and Kindle. Book excerpt: The Energy Return on Energy Invested (EROI or EROEI) is the amount of energy acquired from a particular energy source divided by the energy expended, or invested, in obtaining that energy. EROI is an essential and seemingly simple measure of the usable energy or “energy profit” from the exploitation of an energy source, but it is not so easy to determine all of the energy expenditures that should be included in the calculation. Because EROI values are generally low for renewable energy sources, differences in these estimates can lead to sharply divergent conclusions about the viability of these energy technologies. This book presents the first complete energy analysis of a large-scale, real-world deployment of photovoltaic (PV) collection systems representing 3.5 GW of installed, grid-connected solar plants in Spain. The analysis includes all of the factors that limit and adjust the real electricity output through one full-year cycle, and all of the fossil fuel inputs required to achieve these results. The authors’ comprehensive analysis of energy inputs, which assigns energy cost estimates to all financial expenditures, yields EROI values that are less than half of those claimed by other investigators and by the solar industry. Sensitivity analysis is used to test various assumptions in deriving these EROI estimates. The results imply that the EROI of current, large-scale PV systems may be too low to seamlessly support an energy and economic transition away from fossil fuels. Given the pervasiveness of fossil fuel subsidies in the modern economy, a key conclusion is that all components of the system that brings solar power to the consumer, from manufacturing to product maintenance and life cycle, must be improved in terms of energy efficiency. The materials science of solar conversion efficiency is only one such component. Sunny Spain represented an ideal case study as the country had the highest penetration of solar PV energy at 2.3 percent of total national demand as well as state-of-the-art expertise in solar power including grid management of intermittent, modern renewable systems. This book, written by a uniquely qualified author team consisting of the chief engineer for several major photovoltaic projects in Spain and the world’s leading expert on the concept and application of EROI, provides a comprehensive understanding of the net energy available to society from energy sources in general and from functioning PV installations under real-world conditions in particular. The authors provide critical insight into the capacity of renewable energy sources to fill the foreseeable gap between world energy demand and depletion rates for fossil fuels. · Presents the first comprehensive study of the EROI of large-scale solar PV systems in a developed country · Uses real-world operational data rather than laboratory approximations and extrapolations · Describes the dependence of one alternative energy source on the goods and services of a fossil-fueled economy · Has global implications for the potential of renewable energy sources to replace dwindling reserves of fossil fuels · Written with the first-hand knowledge of the chief, on-site engineer for many solar installations in Spain together with the leader in the development and application of the concept of EROI

Precious Forests

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Release : 2015-09-30
Genre : Technology & Engineering
Kind : eBook
Book Rating : 758/5 ( reviews)

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Book Synopsis Precious Forests by : Miodrag Zlatic

Download or read book Precious Forests written by Miodrag Zlatic. This book was released on 2015-09-30. Available in PDF, EPUB and Kindle. Book excerpt: Forests are the dominant terrestrial ecosystem of Earth. They are distributed across the globe. Forests account for 75% of the gross primary productivity of the Earth's biosphere, and contain 80% of the Earth's plant biomass. Human society and forests influence each other in both positive and negative ways. Forests provide ecosystem services to humans. Forests can also impose costs, affect people's health, and interfere with tourist enjoyment. This publication presents reviews and research results on negative and positive human interference on forests, as well as ecology, management, governance, policy and economic issues. The book consists of four sections with 12 chapters derived from around the world.

Energy and the Wealth of Nations

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Release : 2018-03-05
Genre : Business & Economics
Kind : eBook
Book Rating : 198/5 ( reviews)

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Book Synopsis Energy and the Wealth of Nations by : Charles A.S. Hall

Download or read book Energy and the Wealth of Nations written by Charles A.S. Hall. This book was released on 2018-03-05. Available in PDF, EPUB and Kindle. Book excerpt: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

Energy Return On Investment with the concept of EROI. Applications, criticism and implications

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Release : 2021-04-08
Genre : Science
Kind : eBook
Book Rating : 192/5 ( reviews)

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Book Synopsis Energy Return On Investment with the concept of EROI. Applications, criticism and implications by : Anna Szujo

Download or read book Energy Return On Investment with the concept of EROI. Applications, criticism and implications written by Anna Szujo. This book was released on 2021-04-08. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Engineering - Power Engineering, grade: 1,0, Technical University of Munich (Department of Electrical and Computer Engineering), course: Advanced Seminar on Renewable and Sustainable Energy Systems, language: English, abstract: This paper is about the energy return of investment. Energy has a significant impact on economic growth and is a key driver for the wellbeing of a society. The less a society has to spend on energy, the more remains for consumption and discretionary spending that is directly translated into economic growth. This impact can be assessed with the help of the net energy analysis that makes use of the concept of EROI. The Energy Return On Investment is the ratio of the quantity of energy delivered to the quantity of energy consumed in a given process. Thus, this metric serves to measure the accessibility of a resource, meaning that the higher the EROI, the greater the amount of net energy delivered to society in order to support economic growth. This goes hand in hand with the finding that there is a minimum level of EROI that has to be reached, otherwise economic growth cannot be possible. Given that net energy analysis is going to be one of the most fundamental concepts in academic and policy discussion in view of the future of the energy mix there is still a clear need for a standardized and independent framework to calculate EROI.

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