Shedding New Light on Solar Possibilities
Kudos to the gang at Virginia Tech, where engineers just announced they’ve been working to develop flexible solar panels that could one day be used on things like curtains and blinds.
It’s like a veritable gold rush today, where innovations blossom with increasing frequency. And each time I learn about a new project or idea, as an investor I can’t help but consider it as a potential opportunity for my own portfolio.
There is a major initiative afoot for businesses and commercial buildings to work towards energy independence. The aim is to achieve marketable net zero energy commercial buildings as set forth by the NetZero Energy Commercial Building Initiative (CBI) by the year 2025 generic crestor.
Many friends and readers know my personal attachment to solar in particular, being a principal financial backer of a publicly traded company that has developed a transformative transparent technology for windows that converts the sunshine passing through them into electricity.
The solar technology I speak of is perfectly aligned with this ambitious initiative to achieve low energy use and reduce carbon emissions, as well as produce from renewable sources a good portion of energy a commercial building would use in a year.
I’m always looking for ways to “green” and upgrade our commercial properties to become sustainable, clean energy buildings. Every day my team works on ways to conserve energy and reduce our carbon footprint as much as possible.
We’ve transitioned to LED lighting in all of our buildings’ common areas and stairwells, and we’ve encouraged our tenants to replace their lighting with LED technology. This saves them money on their electricity bills, reduces the load on the city’s electric grid system, cuts labor costs as a result of not having to change light bulbs every month, and also reduces landfill contamination—another huge payoff for the environment.
We’ve even retrofitted most—and soon to be all—of our buildings’ water systems to conserve that precious resource as well.
Today, 50 percent of U.S. electrical generation relies on coal, while 85 percent of U.S. greenhouse gas emissions result from energy-consuming activities supported by fossil fuels. This kind of practice simply can’t sustain itself in the long run.
Figuring out ways to tap into renewable energy sources such as wind and solar is the right thing to do for the environment. It addresses our increasing energy demand in a responsible way, replaces the depletion of natural resources, helps manage the ill-effects of climate change, and ultimately contributes to a greener tomorrow.
But that doesn’t mean it can’t be profitable too.
What makes involvement in such cutting-edge tech so satisfying for me is not only knowing that I’m well positioned for a good return on my investments, but I’m also playing my part to help make our world a cleaner, better place for everyone.