Full Scale Feasibility Development Of Renewable Energy For A Workplace Manufacturing Facility Essay

Length: 2 pages Sources: 2 Subject: Military Type: Essay Paper: #18670666 Related Topics: Solar Energy, Marine Pollution, Energy, Sustainable Development
Excerpt from Essay :

¶ … Scale Use of Renewable Energy for Manufacturing Facility Workplace

Renewable energy is a type of energy source naturally replenished and derived from the wind, solar, and geothermal action. Energy from biomass can also be classified as renewable, however, biomass energy such as oil, coal, and natural gas have finite sources. Contrarily, renewable energy such as sun, wind and hydro-electric energy have infinity sources because they are naturally replenished. In the United States, many manufacturing companies are increasingly using the renewable energy to cut costs of production. Every 2.5 minutes, renewable energy is being installed in the United States.

The objective of this paper is to discuss the feasibility development of a full-scale usage of renewable energy at our manufacturing facility. The paper also compares the costs and benefits of renewable energy compare to non-renewable energy.

Feasibility Development Full-scale usage of Renewable Energy

The cost-effectiveness is one of the major benefits of renewable since the energy is renewed naturally after being replenished. The

...

However, the solar energy is more cost effective in a region where there is a plenty of electricity such as the state of California, Florida, and Texas.

Fig 1: Components of Levelized Cost of Energy

Source: Energy Innovation (2015).

As being revealed in fig 1, the capital costs of renewable energy is still higher than the capital costs of conventional energy. The major reason for the higher capital cost is that the conventional energy has been in existence for a very long time, many energy companies are producing the capital equipment and materials used for the conventional energy in a large scale leading to a cost reduction of its capital equipment and installation. Despite the higher capital costs of renewable energy, the variable costs and costs of maintenance of renewable energy are considerable lower than the variable costs of conventional energy.

Fig 2: Unsubsidized Comparison of Conventional Energy vs. Renewable Energy.

As being revealed in Fig 2, the onshore wind energy is the most cost-effective out of all the renewable energies, and the solar power is more costly than the conventional energy. However, the costs of renewable energy have started declining in the last few years since increasing number of companies are taking interests in investing in the renewable energy resources. (Lezard, 2014).…

Sources Used in Documents:

Reference

Energy Innovation (2015). Comparing the costs of renewable and conventional energy sources. Policy Recommendation.

Lezard (2014). Lezard's Levelized Cost of Energy Analysis. Version 8.


Cite this Document:

"Full Scale Feasibility Development Of Renewable Energy For A Workplace Manufacturing Facility" (2016, January 31) Retrieved January 28, 2022, from
https://www.paperdue.com/essay/full-scale-feasibility-development-of-renewable-2155369

"Full Scale Feasibility Development Of Renewable Energy For A Workplace Manufacturing Facility" 31 January 2016. Web.28 January. 2022. <
https://www.paperdue.com/essay/full-scale-feasibility-development-of-renewable-2155369>

"Full Scale Feasibility Development Of Renewable Energy For A Workplace Manufacturing Facility", 31 January 2016, Accessed.28 January. 2022,
https://www.paperdue.com/essay/full-scale-feasibility-development-of-renewable-2155369

Related Documents
Renewable Energy Sources Today: A Review the
Words: 1236 Length: 4 Pages Topic: Energy Paper #: 68994462

Renewable Energy Sources Today: A Review The emergence of modern-day developed economies depended heavily on the availability of cheap and abundant energy, but the planet's oil reserves, which supplies over 35% of the world's energy needs, are projected to be depleted within a hundred years (Balat 19). As this resource is depleted, demand will increase and drive prices to unheard of levels, thereby threatening the stability of economies in some of

Renewable Energy Marketing Bill Bryson
Words: 2937 Length: 10 Pages Topic: Energy Paper #: 40842085

Overall, the use of demographic, psychographic and geographic segmentation has allowed us to narrow down the different potential target markets considerably. These different markets each offer different levels of potential for exploitation by a solar panel installation firm. The targeting of each different segment will be analyzed in the next section of this report. Targeting Strategy The targeting strategy is used to find ways to bring the product to each of the

Renewable Energy the United States
Words: 2552 Length: 8 Pages Topic: Energy Paper #: 33953904

Part of the problem is governmental intransigence. For the past eight years in particular, energy policy has been driven by the oil companies (Environmental News Service, 2008), resulting in clean energy having been sidelined. Another reason is that there is significant opposition from other parties as well. Business groups have opposed clean energy measures, citing fears about higher energy costs (Dorschner, 2008). These groups have proven powerful enough to

Renewable Energy the Law of Conservation of
Words: 580 Length: 2 Pages Topic: Energy Paper #: 72388808

Renewable Energy The Law of Conservation of Energy: The law of conservation of energy says that energy can neither be created nor destroyed. The total energy that exists in the world is constant because the total amount of energy is an isolated system (Giles 1964,-page 97). Since this is the case, energy can only be changed in its form, such as turning kinetic energy into thermal energy. Within the realm of the

Renewable Energy Six Council Properties
Words: 2785 Length: 10 Pages Topic: Energy Paper #: 798734

Renewable Energy and Interdependencies: Six Council Properties Approach and uncertainty: What is the general approach that you will take to reduce carbon emissions associated with the issue that you are looking at and what sources of uncertainty are likely to be important? The six council properties being constructed by regeneration specialist St. Modwen are situated on a brownfield site that was a former oil refinery and production site used by British Petroleum

Energy Speech Renewable Energy Now
Words: 637 Length: 2 Pages Topic: Energy Paper #: 97832418

There is another, more pressing reason for getting rid of our dependence on fossil fuels. It is not a newly recognized threat; in fact, it has been recognized and warned about almost as long as oil has been the dominant source of energy in the world. The very name "fossil fuel" -- which applies to oil as well as coal and other hydrocarbons found in the ground -- reveals the