Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.
WHY THIS MATTERS IN BRIEF
As the number of solar energy installations increase storing the energy they produce, so it can be released to the grid when the Sun goes in, is still holding the industry back from world domination.
Recently renewable energy became the cheapest form of energy in over 58 countries, and crossed the 1 Trillion Watts of installed capacity barrier, but no matter how abundant or renewable it is, solar power has a thorn in its side. There is still no cheap and efficient long-term way to store, and then release, the energy it generates which means that when the sun shines everything is fine, but when night comes, unless you have a way to store this energy, the lights go out.
The solar industry has been struggling with this for a while now which is one of the reasons why over the past few years investment and research into affordable and scalable Grid Scale Storage solutions, that hope to replace the more expensive traditional Lithium Ion battery grid scale storage solutions, like those rolled out in Australia and on several Pacific Islands by Elon Musks’ SolarCity, which is now Tesla, have become all the vogue with even GoogleX recently entering the fray with its new Project Malta solution, a cheap, low cost grid scale storage solution that uses molten salt to store excess renewable energy.
Now scientists at the Chalmers University of Technology in Sweden have developed a special fluid, called a “solar thermal fuel,” that can store energy from the sun for well over a decade, and most importantly, release it when needed.
“A solar thermal fuel is like a rechargeable battery, but instead of electricity, you put sunlight in and get heat out, triggered on demand,” Jeffrey Grossman, an engineer who works with these materials at MIT explained. The fluid is actually a molecule in liquid form that the team have been working on improving for over a year.
This molecule is composed of Carbon, Hydrogen and Nitrogen, and when it is hit by sunlight, it does something unusual – the bonds between its atoms are rearranged and it turns into an “energised new version” of itself, called an Isomer.
Like prey caught in a trap, energy from the sun is captured between the isomer’s strong chemical bonds, and it stays there even when the molecule cools down to room temperature.
Then, when the energy is needed, for example at night time or during winter, the fluid is simply drawn through a catalyst that returns the molecule to its original form, releasing energy in the form of heat.
“And when we come to extract the energy and use it, we get a warmth increase which is greater than we dared hope for.”
A prototype of the energy system, placed on the roof of a university building, has put the new fluid to the test, and according to the researchers, unsurprisingly the results have caught the attention of numerous investors.
The renewable, emissions free energy device is made up of a concave reflector with a pipe in the centre, which tracks the sun like a sort-of satellite dish, ands the system works in a circular manner. Pumping through transparent tubes, the fluid is heated up by the sunlight, turning the molecule Norbornadiene into its heat-trapping isomer, Quadricyclane. The fluid is then stored at room temperature with minimal energy loss.
When the energy is needed, the fluid is filtered through a special catalyst that converts the molecules back to their original form, warming the liquid by 63 degrees Celsius (113 degrees Fahrenheit).
The hope is that this warmth can be used for domestic heating systems, powering a building’s water heater, dishwasher, clothes dryer and much more, before heading back to the roof once again.
The researchers have put the fluid through this cycle more than 125 times, picking up heat and dropping it off without significant damage to the molecule.
“We have made many crucial advances recently, and today we have an emissions-free energy system which works all year around,” says Moth-Poulsen.
After a series of rapid developments, the researchers claim their fluid can now hold 250 watt-hours of energy per kilogram, which is double the the energy capacity of Tesla’s Powerwall batteries. But there’s still plenty of room for improvement. With the right manipulations, the researchers think they can get even more heat out of this system, at least another 110 degrees Celsius (230 degrees Fahrenheit).
“There is a lot left to do. We have just got the system to work. Now we need to ensure everything is optimally designed,” says Moth-Poulsen, and if all goes as planned, Moth-Poulsen thinks the technology could be available for commercial use within 10 years which would mean that the green energy revolution will then be firmly underway.
The study has been published in Energy & Environmental Science.