SECTOR SUMMARY

ENERGY

Ever since the Industrial Revolution, humans have been largely dependent on coal, oil, and other fossil fuels to give life to everything from light bulbs to vehicles to factories. We have become so accustomed to these non-renewable sources of energy that we completely missed their toxic and destructive nature. However, it is hardly imaginable to see the world without electricity, warmth, light, movement, etc.

The way fossil fuels, such as coal, create greenhouse gases is through its burning. When coal, oil or gas needs to be burned to heat water, it releases greenhouse gases into the atmosphere, increasing levels of CO2 and other gasses, trapping heat, and contributing to global climate change. The steam coming from the heated water then starts turning a turbine. With the movement of the turbine, a generator starts rotating to move electrons. In this way, the fossilized animals and plants with their stored energy create electricity.

This process with its negative impact on the environment can be avoided with the implementation of already existing solutions. Not only is renewable energy the better option for our climate, but it also possesses the potential of creating whole new sectors and therefore job opportunities.

So what types of renewable energy do we have at present?

Hydropower

Hydropower - run-of-river, offshore, pumped storage and storage hydropower

Solar

Solar - photovoltaic, concentrated, water heating and thermal solar energy

Geothermal

Geothermal - dry steam, flash, and binary geothermal power plants

Biomass

Biomass - solid waste, wood and agricultural products, landfill gas and biogas, alcohol fuels

Even with these solutions existing already, we still must continue on improving its production, transportation and storage, while increasing the efficiency of energy systems. Even though the transition towards renewable energy is visible, it is not rapid enough. It should be an utmost necessity for all countries to leave the traditional ways of sourcing electricity while providing all citizens with a sufficient supply of clean energy. 

200.6–440.2

GIGATONS

CO2 EQUIVALENT
REDUCED / SEQUESTERED
(2020–2050)

Startups in this Sector

Heating Hearts

Country
Perú
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Tesso-tecno Green

Country
Argentina
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Genesis Hydrokinetic

Country
Argentina
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Grupo JVF

Country
Argentina
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Power Junk

Country
Argentina
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ABFuels

Country
Argentina
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