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Energy Budget 2014-2064

Energy Budget 2014-2064. By: Ian Mongold and Terius Grandison. Energies to Embrace for the Future. Wind - energy of the future Solar - energy of the future Hydrogen - fund research for the future Geothermal - in limited areas where outlook is high. Energies to Phase out in the Future.

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Energy Budget 2014-2064

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  1. Energy Budget 2014-2064 By: Ian Mongold and TeriusGrandison

  2. Energies to Embrace for the Future • Wind - energy of the future • Solar - energy of the future • Hydrogen - fund research for the future • Geothermal - in limited areas where outlook is high

  3. Energies to Phase out in the Future • All Fossil Fuels and other Nonrenewable • Natural Gas will help bridge the gap between the transition from fossil fuels to green renewable energies • As Nuclear power is phased out the budget will still be roughly the same due to the fact that deconditioning.

  4. Wind • Main point of wind is its always available • Possibility for a high net energy gain • Wind farms could supply a large amount of the energy needed in the U.S.

  5. Solar • Net energy is yield is moderate to high depending on type and weather conditions • Cost are moderate • To help bring cost down subsidies can be given • Low land disturbance • Photovoltaic cells can be mounted on rooftops and walls to further reduce land disturbance

  6. Hydrogen • The process of getting pure hydrogen has zero emissions as long as fossil fuels are not the source of the hydrogen or the electricity used to split water molecules is no derived from fossil fuels • Possibilities for high efficiency in fuel cells (45%-65%) • Expensive therefore, subsidies and further research is needed to help bring cost down • New infrastructure is needed to support hydrogen

  7. Geothermal • Is efficient in accessible areas • Geothermal emits little CO2 compared to the traditional fossil fuels • Low cost at favorable sites • Can be expensive

  8. 2014 ($28,415,657) Current Budget

  9. 2018 ($31,809,056)

  10. 2022 ($31,834,056)

  11. 2026 ($31,859,056)

  12. 2030 ($31,884,056)

  13. 2034 ($31,909,056)

  14. 2038 ($31,934,056)

  15. 2042 ($31,959,056)

  16. 2046 ($31,984,056)

  17. 2050 ($32,009,056)

  18. 2054 ($31,999,056)

  19. 2058 ($31,989,056)

  20. 2062 ($31,979,056)

  21. 2064 ($31,969,056)

  22. Energy Chart

  23. Subsidies • Subsides will be cut at a very low rate from the production of corn to produce ethanol • The subsidies will be rerouted to tax breaks for companies and individuals who invest in wind, solar and geothermal. • Incentives also in the form of tax breaks will be given to solar and wind companies who want to open factories here in the U.S.

  24. The next 50 Years • Natural gas will begin to be phased out as oil is also slowly being phased out • Renewable energy percentage will continue to grow and as those energies are successful a broader range of green energies will be implemented • Nuclear Power Plants will be continuing to be decommissioned

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