Frank Armijo: Renewable Energy and Job Opportunities

Providing clean, sustainable energy is crucial for the environment today and the global future tomorrow.  MeyGen – the world’s largest tidal energy plant – is currently in the construction phrase for SIMEC Atlantis Energy (SAE) in its efforts to provide clean, sustainable energy.  Vice President of Lockheed Martin Energy (one of MeyGen’s suppliers), Frank Armijo said:

“MeyGen is on track to provide clean, sustainable, predictable power for at least 175,000 homes in Scotland, support local jobs, reduce carbon emissions, and deliver significant, long-term supply chain benefits for the UK economy.”

Armijo also said that the company is in the process of developing a flow battery. This will use electrolyte chemistry with cheaper earth metals and chemicals. These have a lifespan of 6 to 10 hours (much longer than the lifespan of regular lithium ion batteries of 2-4 hours).  In addition, the batteries are devoid of problems such as reliance on expensive and toxic materials like zinc bromide and vanadium.

SIMEC Atlantis Energy (SAE) has been using 6-MW MeyGen as part of its 25-year operational phase.  To date it has delivered over 8 GWh of energy to the national grid.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com