Lifeboat Foundation

But there is cause for concern. Internet companies’ control of data gives them enormous power. Old ways of thinking about competition, devised in the era of oil, look outdated in what has come to be called the “data economy” (see Briefing). A new approach is needed.

A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017. Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital advertising in America last year.

Such dominance has prompted calls for the tech giants to be broken up, as Standard Oil was in the early 20th century. This newspaper has argued against such drastic action in the past. Size alone is not a crime. The giants’ success has benefited consumers. Few want to live without Google’s search engine, Amazon’s one-day delivery or Facebook’s newsfeed. Nor do these firms raise the alarm when standard antitrust tests are applied. Far from gouging consumers, many of their services are free (users pay, in effect, by handing over yet more data). Take account of offline rivals, and their market shares look less worrying. And the emergence of upstarts like Snapchat suggests that new entrants can still make waves.

Continue reading “The world’s most valuable resource is no longer oil, but data” »

A win win, assuming it can be manufactured en mass and at a reasonable price.

A University of Central Florida (UCF) chemistry professor has invented a revolutionary way to remove carbon dioxide (CO₂) from air by triggering artificial photosynthesis in a synthetic material — breaking down carbon dioxide while also producing fuel for energy.

Continue reading “New artificial photosynthesis process converts CO2 in air to fuel” »

Researchers from the University of Antwerp and KU Leuven (University of Leuven), Belgium, have developed a process that purifies air, and at the same time, generates power. The device must only be exposed to light in order to function.

“We used a small device with two rooms separated by a membrane,” explained professor Sammy Verbruggen (UAntwerp/KU Leuven). “Air is purified on one side, while on the other side, hydrogen gas is produced from a part of the degradation products. This hydrogen gas can be stored and used later as fuel, as is already being done in some hydrogen buses, for example.”

In this way, the researchers respond to two major social needs: clean air and alternative energy production. The heart of the solution lies at the membrane level, where the researchers use specific nanomaterials. “These catalysts are capable of producing hydrogen gas and breaking down air pollution,” explains professor Verbruggen. “In the past, these cells were mostly used to extract hydrogen from water. We have now discovered that this is also possible, and even more efficient, with polluted air.”

Nothing like a deep, penetrating, pervasive case of radiation poising to give you the energy you need to keep you awake, focused, alert and energetic all day long. lol.

But there was a time when energy drinks actually contained real energy. The active ingredient in these drinks was radium, a radioactive element that releases a packet of radiant energy with every atomic decay. While the connection between consuming a radioactive element and reaping a perceived energy boost is tenuous at best, it didn’t stop people in the early 1900s from ignoring the known downsides of ingesting radioactivity and risking the long-term health consequences.

It’s over for oil.

Every car sold in India will be powered by electricity by the year 2030, according to plans unveiled by the country’s energy minister.

The move is intended to lower the cost of importing fuel and lower costs for running vehicles.

Continue reading “India to make every single car electric by 2030 in bid to tackle pollution that kills millions” »

Scientists have converted carbon dioxide into clean air!

The Middle East has an outsize impact on energy here on Earth. One analyst thinks some regional powerhouses may leverage that role into the development of natural resources in space.

Countries like the United Arab Emirates and Saudi Arabia are developing space programs and investing in nascent private space commodity initiatives, said Tom James, a partner at energy consultant Navitas Resources. Doing so could give them a foothold in building extraterrestrial reserves of water — a substance likely to fuel travel within space — and other resources that could be used for in-space manufacturing.

“But for most companies operating within global value chains, the pull and push of climate action also comes from abroad, and many U.S. companies now understand the potential to demonstrate global leadership through climate action.”

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Waste heat could be a valuable source of energy – if only we could find a way to capture it efficiently. Now two Duke University researchers have a plan to do just that. They have developed a new thermophotovoltaic device that harvests energy from waste heat by capturing infrared wavelengths.