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PepsiCo Will Use 100% Renewable Electricity by 2030 Year

PepsiCo Inc. on Monday announced a target to source 100 percent renewable electricity. The company’s sourced electricity will be utilized to run operations across all the company’s owned and run operations nationwide. This project is expected to be accomplished by 2030 and overall utilization in the company’s franchise and third party by 2040.  In making the decision, the company, this project will be able to decrease nearly 2.5 million metric tons of greenhouse gas (CHG) releases by 2040.

 This announcement comes when the company has been putting effort in the increment in its utilization of green energy sources and its changeover to green power in the United States, which is its leading market. According to Jim Andrew, who is the Chief Sustainability Officer at PepsiCo, there is a need for fast action to curb the devastating effects of climate change that are being experienced worldwide.

PepsiCo was able to sign the Business Ambition for 1.5 degrees Centigrade early this year, entering the ranks of other prominent establishments in committing to enroll science-based releases decrease target by limiting global warming by 1.5 degrees centigrade. This is projected to be undertaken together to develop a continuing policy for attaining net nil discharges by 2050. PepsiCo has been able to make substantial steps to reduce greenhouse gas emissions through its entire value chain. This has been achieved by the company teaming up with agronomists to device carbon proficient practices via its international Sustainable Farming Program to running one of the biggest electrical flotillas in North America.

At now, PepsiCo sources for green energy in 18 nations, and nine of these countries have by now met the 100% of their mandate in electricity from renewable sources. With the United States already shifting to renewable electricity this year, PepsiCo is at this time on the path to get 56 percent of its energy via renewable sources universally by late 2020.

With the declaration to switch to 100% renewable electricity, PepsiCo has joined RE100, which is an enterprise headed by the Climate Group in conjunction with CDP. The initiative aims to bring together the most influential companies in the world that are committed to using 100 percent renewable electricity. To attain 100 percent renewable electricity globally, PepsiCo will be needed to use an expanded portfolio of solutions that will include Power Purchase Agreements (PPAs). The PPAs will be able to offer support in the development of new renewable electricity generating projects.

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Latest xLAB Laboratory Improves the Development and testing Capability of Aerospace

On the El Segundo campus, the Aerospace Company just unveiled its new xLab building. The renovations are intended to prepare our engineering expertise best as they work together to develop ground-breaking prototypes and space technology development tools. A Prototype Design Centre, Fabrication Lab, Assembly, and Integration Lab, Electronics Research Lab, and flexible office space, as well as huddle rooms, are included in the 12,000-square-foot space to facilitate open collaboration and innovation. “We are thrilled to open this incredible facility,” informed Lynn Friesen, Principal Director of xLab.

“It will make it easier to communicate more efficiently with our professional personnel, and we expect great work from these laboratories.” xLab is an aerospace company that designs, develops, as well as transitions prototypes at the pace needed for an evolving space environment.  It is accountable for selling materials, including hardware, applications, and key testbeds. Prototypes that come from xLab comprise devices for ground, airborne as well as space travel. Aerospace has a long tradition of concept design, and these activities were coordinated under xLab in 2018, maximizing productivity and emphasizing their rising value to the space sector.

Friesen said, “It really is a wonderful space to work in. It will enable our talented employees to do their best and exercise their creativity.” Before the rest of the plant was completely operational, xLab employees were still operating in the laboratories, ensuring that deadlines were met and that equipment was delivered as required. When an aerospace physicist in another laboratory conceived an idea for a temperature-control system during COVID-19 to keep workers healthy, xLab employees quickly stepped up to turn the design into practice, scraping the building dust off their new laboratory benches to engineer and produce the instrument.

This is only one instance of the kind of work created by xLab. Some other programs, established in partnership with the physical sciences laboratories as well as program offices of the Aerospace, include AeroCube-10, a set of CubeSats that accomplished a proximity procedure which put them in the orbit approximately 22 meters of one another. A mobile laser beacon is planned and developed on an accelerated schedule, using off-the-shelf components. A camera identified as NIRAC, which flies to the International Space Station as well as takes spectacular nighttime images using the natural airglow of the Earth. On a tight budget and a much shorter timeframe of just 18 months, AeroCube-15, a set of CubeSats designed and deployed.

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Energy

Renewable energy is commended for surpassing fossil fuels in Germany

Statistics from Agora Energiewende indicate that renewable energy production increased last, surpassing coal, oil, and other fossil fuels. The economic breakdown induced by the coronavirus pandemic plummeted the uptake of fossil fuels and minimized greenhouse gas emissions by 10%. The data indicates that wind energy generated surpassed the electricity generated by the coal plants that have been existing. The source stated that renewables approached 50 percent in their electricity generation because of the reduced consumption of fossil fuels and the pandemic, which pushed coal consumption down. Agora explains that coal power consumption dropped because the utilities generating electricity with low carbon dioxide emissions had favourable prices, which kept them competitive. 

Moreover, the pressure to keep coal and other fossil fuel consumption down is high, and Agora anticipates the price of electricity from these utilities to continue escalating through this year. This expectation is likely to come true since the European Union is pushing its member countries to realize more than half of the climatic regulations that were agreed upon in the previous summit. Agora noted that the greenhouse gas emissions dropped by approximately 80 million tonnes, courtesy of the pandemic. This quantity surpasses the target of 40% that the country had set. Agora noted that the pandemic was instrumental in lowering the emissions and continued to reduce if this situation became the new normal. However, the chief of Agora Energiewende, Patrick Graichen, thinks that a turnaround will return the mega emissions that the country could not witness due to the pandemic. He explained that the remedy to this problem would be rapid climate policy action that renders emissions culpable. 

The minister of Environment, Svenja Schulze, voiced that the emission reduction also pertains to climate policy regulations. She stated that the existing climate action did not emerge from anywhere but resulted from the transition to clean energy systems like electric vehicles and sources like offshore wind energy. Germany must be ready to work its ass off to bring down the emissions to remain within the stated standards. Graichen advised the government to raise the targets set for 2030 to suppress the emissive energy sources’ further growth by involving the stakeholders in all the sectors. 

Another agency that recorded such data is the federal network agency (BnetzA). The company mapped the consumption of renewable energy in the public power grids and found it to be higher than that of fossil fuels. BSW Solar director, Carsten Körnig, stated that there was an increase in solar rooftop installations by a quarter last year alone, exceeding the quantity recorded on an annual basis in the previous years. 

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Energy

Why is green hydrogen, a source of renewable energy to watch in 2021?

Green hydrogen, a clean-energy renewable fuel, is undergoing a global revival and has been described as a renewable energy source that might help the planet reach net-zero emissions in the upcoming years. During the first term of President George W. Bush, when it was dubbed the “freedom fuel.” it was initially hyped in the United States. Today, as part of his renewable energy strategy, Joe Biden, President-elect of the United States is pledging that the United States will be able to obtain green hydrogen at a cost which is similar to that of the traditional hydrogen within ten years. Like Saudi Arabia, Germany, Chile, Japan, and Australia, numerous nations are now investing extensively in it.

In the coming decade, the demand for green hydrogen will expand rapidly; specialists informed ABC News. “It places the focus on [hydrogen] gas for the very first time,” a report which was released in Nature in the month of July said. “And the gas sector is shifting to hydrogen for a fresh start.” However, the drawbacks of green hydrogen could be equivalent to its benefits, Michael Liebreich, an analyst at Bloomberg New Energy Finance, wrote. Bloomberg NEF predicts that green hydrogen will fulfill a fifth of the global’s energy needs with an $11 trillion capital expenditure in development and storage worldwide by 2050 and much more electricity than the globe consumes today.

Compared with natural gas, it carries one-fourth of the amount of power per unit, can embrittle the metal, and is extremely flammable, Liebreich wrote. Furthermore, there is no forecast that new investment and development can sustain demand. A study released in the month of August by the Institute for Energy Economics and Financial Analysis argued that effective ventures are only projected to produce 3 million tons per year, relative to a global aim of 8.7 million tons per year. ABC News talked to experts to decide if green hydrogen is good enough to justify the publicity, considering the expense and resources needed to make it.

When seeking to de-carbonize the oil and manufacturing markets, green hydrogen addresses ‘a range of challenges,’ Randy Bell, who serves as the director of the Atlantic Council’s Global Energy Centre, an independent think tank, informed ABC News. What makes cleaner hydrogen relies on how it’s produced. The large bulk of the hydrogen that is utilized today, “gray” hydrogen is generated from fossil fuels, which in the method releases carbon dioxide. “Blue” hydrogen is produced using natural gas as well as carbon dioxide emissions are then detected, making it safer than gray hydrogen.

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Energy

Japan targets to achieve 50 percent of renewable energy by 2050

On Friday, Japan announced a proposal to achieve its target of net-zero greenhouse emissions by the year 2050, which calls for tripling the share of energy production by renewables to a minimum of 50%. The government forecasts that such a “green growth strategy” would have an economic impact of $1.83 trillion in that year. In 14 main areas, like hydrogen as well as offshore wind, the path map lists problems and solutions. In addition,  it advocates for overall zero net pollution from new buildings and home construction by the year 2030 and an end to the sales of new petrol-only cars by the mid of the decade.

The expected transition across the Japanese economy from fossil fuels to electricity is intended to raise electricity demand between 30 percent and 50 percent. This makes it an essential step in the initiative to end the dependency of power utilities on coal-fired power stations and dramatically increase renewables’ use. Decarbonization priority “is not a limitation on development,” Prime Minister Yoshihide Suga informed a news-press conference on Friday. The investment would create a new economic activity to meet the carbon goals, in turn encouraging more investment and generating a virtuous circle, he concluded.

By 2040, the government aims to expand Japan’s now-minimal offshore wind power to as much as 45 gigawatts—exceeding clean energy pioneer Germany. The development plan also sets a goal of consuming hydrogen amounting to 20 million tons in 2050, with 20 percent of Japan’s electricity being produced by thermal power stations that are using clean-burning fuel. It would be essential to get the price of hydrogen that is now often as costly as natural gas downward to competitive levels by rising demand. With other big European economies as the U.K., Germany, Tokyo is playing catch-up as well as Spain, which obtains approximately 40% of its electricity from renewables.

Given such disadvantages as a shortage of available land, the target of 50 percent to 60 percent is often seen as mostly what Japan can feasibly accomplish. Another main focus of the initiative is cars — like low-cost minicars. Japan has been a global leader in traditional gasoline-fueled vehicles for a long period. It will undoubtedly take some time to shift to green technologies.” I cannot see this being accomplished without revolutionary technological innovation,” stated Akio Toyoda, who serves as the chairman of the Japan Car Manufacturers Association as well as president of the Toyota Motor. “But we could potentially lose our global competitiveness without interventions throughout the distribution chain.”

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Energy

Two Charging Electric Vehicle ETFs (Exchange-Traded Funds) Higher

This year, electric vehicle stocks have stayed in the fast lane, speeding more than 100 percent beyond S&P 500 returns as the drive towards more sustainable transport gains momentum. Moreover, tighter fuel emission requirements, improved tax-based subsidies for Electric Vehicle buyers, and the implementation of more charging points for vehicles under a friendly new Biden administration can only speed up the organization’s support.

In October, global electric vehicle sales grew 127 percent from one year ago, their fastest rise in 8 years, as per InsideEVs. Also, the Swiss investment bank UBS forecasts that by 2030 the Electric Vehicle market shares will hit 40 percent. Here, we look more closely at two unique exchange-traded funds (ETFs) that use technical analysis to track this fascinating industry and find potential entry points. The Global X Autonomous & Electric Vehicles ETF (DRIV), introduced in April 2018, intends to offer a similar return to the Solactive Autonomous & Electric Vehicles Index, an index containing global stocks participating in autonomous as well as EV technology growth, production, or support.

Unexpectedly, Tesla, Corporation (TSLA), together with other popular EV manufacturers NIO Limited (NIO) as well as Toyota Motor Corporation (TM), also from the top 10 holdings, controls the top investment weighting around 4.32 percent. On an overall 0.27 percent spread, the fund hands over a respectable dollar amount of about $5 million many days. DRIV has net assets worth $134.8 million since December 21, 2020, yielding a respectable 0.55%, and it has earned 57.45% a year until to date. The shares have soared 11.28 percent over the last month only. DRIV has been trending significantly higher after crashing under $10 per share only at the peak of the disease outbreak selloff.

Active traders will want to prepare for a retracement entrance to about the $20.30 rate after a very steep advance. The market finds a combination of aid from the pre-November 16 difference and the simple moving average of 50 days (SMA). A broader pullback to the $18 region could be sought by more conservative sellers, where the finance could find support around the swing highs of September and October.

The iShares Self-Driving EV and Tech ETF (IDRV) aims to measure the success of the Global Autonomous Driving and Electric Vehicle Index of NYSEA FactSet, which consists of the self-driving Electric Vehicle stocks. Tesla also remains in the investment driver’s seat now, taking up almost 10 percent of the company’s overall assets. Amusingly, two major corporations, Apple Inc. (AAPL) as well as QUALCOMM Incorporated (QCOM), each with ties to autonomous driving EVs, earn allocations of about 4 percent.

Trading wise, reasonable nickel spreads help investors quickly enter as well as exit positions with fairly minimal slippage, combined with a regular daily dollar turnover rate of $2.62 million. IDRV controls assets under the management (AUM) of $92.2 million as of December 21, 2020, has a dividend of 0.88 percent, and is trading 7.75 percent higher over the last month. The ETF has returned 54 percent year-to-date.

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Energy

Renewable energy development relies on the circular battery economy

At an unprecedented pace, the green energy market is increasing. For the first time in 2020, renewables have produced more energy in the United Kingdom. Solar energy is the “least expensive electricity in history.” than fossil fuels, according to the International Energy Agency. But, although the renewable energy market’s potential is expanding, renewables only contribute just 11% of the globe’s primary energy. This is only twice the proportion given by renewables over 50 years earlier. The switch to renewables’ speed needs to be increased, with the United Nations anticipating an overshoot of goals of the Paris Agreement 2030, close to 32 billion metric tons of Carbon dioxide.

Several hurdles have delayed the green energy transformation. For years, economic hurdles have included non-renewable energy incentives, low oil prices, which have reduced investment in renewable energy, and infrastructure construction costs. External obstacles, including civic concerns over improvements to urban environments and disturbances to existing ways of life, have also limited development. International demand and recognition of the detrimental impacts of electricity generated from fossil fuels are catalyzing political policy to decarbonize the energy market. However, these obstacles are enduring. For example, the EU’s European Green Agreement lays out a roadmap for net-zero emissions of greenhouse gases by the year 2050, and China is taking action to reach carbon neutrality by the year 2060. Renewables are attracting new funding, with politicians setting a path for transition.

In October, the Financial Times reported that stocks of hydrogen power equipment maker ITM Power had increased by 220%, while Dutch energy storage firm Alfen leaped by over 230%. In the meantime, in terms of stock market valuation, the Florida-based “clean energy” supplier NextEra Energy has overtaken the global oil and gas firm ExxonMobil, which once held the world’s highest share value.

Some major oil firms are now making investments in renewables. Total has agreed to a big solar plant in Qatar, while ENI SpA has vowed to reduce the emissions by 80% by 2050. Mercuria, a Swiss commodity trader, is now spending $1.5 billion with private equity investors in North American renewable energy ventures. And the decision of BP to write down properties worth about $17.5 billion on the grounds that they were “no longer economical” may be a turning point in the energy sector.

Despite these major strides forward, though, there is a fundamental technological barrier: energy storage. Chief executive of Aceleron, Amrit Chandan,  a lithium-ion battery tech firm, observes: “Renewables are sporadic, implying that they will need the assistance of batteries to preserve clean energy to be used when the sun is not shining as well as the wind is not blowing. Battery technology is vital.”

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Space

Traditions gave the crew heading for the lunar mission an opportunity to interact

The costumes gracing the floors leading to the crew members’ bedrooms one morning were evidence that one of them was celebrating a tradition. Apparently, a Slovakian, Michaela Musilova, the director of HI-SEAS, expressed her thanks to the crew according to the date they celebrate thanksgiving in their country. Michaela Musilova explained that it was always a surprise to her crew members when she would be celebrating her country’s traditions. The other crew members supported this to bring the vitality that comes with festivities. While the vice commander, James Ward, issued everyone a face mask with NASA logos, the chief science officer, Emily Seto, issued a Flipstick adhesive to create an atmosphere of festivities. 

Emily introduced the flipsticks to show everyone that the flipstick’s adhesive properties could be assigned to other electronics like phones by sticking them on surfaces. This move would enable the astronauts to continue with other operations like laboratory experiments and fieldwork. The other technology that the scientists are analyzing is the Lettuce Grow hydroponics system under the Sensoria M3 mission. Emily reached out to Lettuce Grow to widen the scope of foods from which the scientists and astronauts could select and evaluate its proficiency as a diet during the lunar mission. Moreover, the company’s products have displayed that they can grow properly under the LED lights maintaining the freshness and growth of the plants with the supplied temperature and humidity changes in the habitat. Additionally, the results of these plants may facilitate their selection as food in the upcoming space missions. 

The Lettuce Grow mini-greenhouse will be offering fresh food and at the same time serve as a Christmas tree habitat. The presents brought forward by the crew became their decorations for this lunar festive season coupled with a rubber chicken that made cocky noises. Musilova joked about using the squeaky chicken as a perfect alarm to wake the astronauts, and it was more efficient than an alarm clock. Additionally, she narrated that the chicken safeguards their ingredients to avoid wastage by the crew members considering that they have few ingredients for their meals. 

The team has been working consistently with morale, especially now that they are the only people roaming this part of the moon. The mission will be successful if the astronauts work as a team and not let their differences get the best of them. Musilova has always felt a tinge of happiness working with a crew for such a long time as they became familiar and related well with each other. 

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Space

NASA’s Astrophysics Division is gradually accepting the reality of CubeSats and smallsats

NASA’s Astrophysics Division smallsats lead programmer, Michel Garcia, revealed at the virtual American Geophysical Union conference that the agency would be choosing three Astrophysics Pioneers missions while supporting them with $20 million. Garcia explained that the agency developed the Astrophysics Pioneers initiative to conduct astrophysics science on a pilot-scale than going the traditional explorative way. Garcia articulated this at the NASA Astrophysics Committee nine months ago. Pioneers are ready to facilitate investigations capping $10 million for the Astrophysics Research and Analysis program, a Space Grant program’s Research and Opportunities subsidiary. 

The Pioneers missions can book rideshare opportunities on CubeSats larger than six portions, satellite constellations, small satellites, the International Space Station, or space vehicles that stay in the atmosphere for one month or more. The $20 million capital for Pioneers exclusive of the deployment costs. Lead engineers of the Pioneers missions suggested 24 missions to host the next-generation coronagraphs, versatile clocks, polarimeters, and radiofrequency meters. These missions will be heading for different orbits, including the cis-lunar space and the Lagrange Point 2. This year, NASA developed the Pioneers program to motivate researchers to utilize affordable satellite buses, developed balloon technology, and affordable space escorts to conduct their scientific research. 

Garcia outlined that the program is a great opportunity for the researchers to grow their bond with the commercial space services providers. The executive stated some of the commercial entities that were doing urging the cosmic scientists and researchers to take advantage of these opportunities while they are available. For instance, SpaceX intends to give rideshare opportunities to the 200-kilogram payloads heading to the sun-synchronous orbit for $1 million is an affordable alternative that any scientist with a CubeSat can utilize to conduct their experiment. Moreover, Garcia noted that York Space Systems would be offering a three-axis-stabilized satellite for astronomical studies. Such missions help scientists to conduct costly missions that would be costly when pursued independently. 

Garcia continued to outline the companies offering rideshare missions like Blue Canyon Technologies, undergoing acquisition by Raytheon Technologies, a versatile space bus. The advantage of this bus is that it can host a half-meter telescope. The NASA Astrophysics Division has been procuring CubeSat proposals for the last eight years to make the best of them while they are in space. Some of the CubeSats that the agency solicited include the Colorado Ultraviolet Transit Experiment (CUTE), which they will be deploying next year via the Landsat 9 Earth observation satellite. 

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Space

Isar Aerospace and Orbex generating capital to facilitate the development of small deployment vehicles

These two companies have garnered $115 million to enable them to resume the development of small launch vehicles that will launch in the next two years. Isar Aerospace, a German company, revealed that it had received $91 million in the Series B fundraiser. Europe’s Lakestar capital fund came first in this operation, with Vsquared Ventures and Earlybird following with their investments. Series A round witnessed Isar Aerospace receiving $17 million and is in the process of developing a deployment vehicle known as Spectrum that will deploy 1000 kilograms of payload in the low-Earth orbit. The company publicized the deal it had procured with the French space agency CNES to facilitate deployments from the spaceport in French Guiana. The CEO of Isar Aerospace, Daniel Metzler, stated that they have enough capital to meet the development and deployment of the small launch vehicles, with each test assuring the success of the missions. He boasted that this launch would be the first eventful deployment of a German spacecraft into the low-Earth orbit. 

Metzler explained that the spacecraft deployment would be happening in the next two years. The company has been adamant to reveal the customers who have applied for rideshare missions on the space vehicle. However, he outlined that the company has recorded contracts with customers looking for single payload deployment services while others require the launch of constellations of satellites. The company revealed that about all of its investors is European. Metzler articulated that they invited globally known investors before selecting the likes of Lakestar, who are known for developing multimillion-dollar companies like Spotify, which know the operations of the ecosystem in the international scenes. Metzler noted that the trend that investors are pursuing is the companies that have the expertise of venturing into deep technology. 

Stephen Nundy of Lakestar stated that Isar Aerospace would create a chance for Europe to remain in the lead when it comes to affordability and the procurement of launch activities for the satellite constellations undergoing development. He added that they intend to secure their position in the space ecosystem through investment to facilitate society’s advancement through technology. Moreover, Isar Aerospace has recieved support from the German government equivalent to 500000 euros through the European Space Agency. On the other hand, Orbex stated that new funding would facilitate the development of Prime vehicles in the next two years. The CEO of Orbex, Chris Larmour, said that they have raised about $70 million. The Prime vehicle is engineered to deploy 150 kilograms to the sun-synchronous orbit.