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Economic performance of solar energy systems financed with green bonds in New Jersey

Peng et al. | Jan 22, 2025

Economic performance of solar energy systems financed with green bonds in New Jersey
Image credit: Peng and Peng 2025

Global reliance on extractive energy sources has many downsides, among which are inconsistent supply and consequent price volatility that distress companies and consumers. It is unclear if renewable energy offers stable and affordable solutions to extractive energy sources. The cost of solar energy generation has decreased sharply in recent years, prompting a surge of installations with a range of financing options. Even so, most existing options require upfront payment, making installation inaccessible for towns with limited financial resources. The primary objective of our research is to examine the use of green bonds to finance solar energy systems, as they eliminate the need for upfront capital and enable repayment through revenue generated over time. We hypothesized that if we modeled the usage of green bonds to finance the installation of a solar energy system in New Jersey, then the revenue generated over the system’s lifetime would be enough to repay the bond. After modeling the financial performance of a proposed solar energy-producing carport in Madison, New Jersey, financed with green bonds, we found that revenue from solar energy systems successfully covered the annual green bond payments and enabled the installers to obtain over 50% of the income for themselves. Our research demonstrated green bonds as a promising option for New Jersey towns with limited financial resources seeking to install solar energy systems, thereby breaking down a financial barrier.

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A new hybrid cold storage material

Zhang et al. | Jun 05, 2022

A new hybrid cold storage material

With low-temperature transportation being critical for the progress of research and medical services by preserving biological samples and vaccines, the optimization of cold storage materials is more critical now than ever. The exclusive use of dry ice has its limitations. Notably, it proves insufficient for cold storage during long-range transportation necessary for the delivery of specimens to rural areas. In this article, the authors have proposed a new means of cold storage through the combination of dry ice and ethanol. Upon thorough analysis, the authors have determined their new method as considerably better than the use of pure dry ice across many characteristics, including cold storage capacity, longevity of material, and financial and environmental feasibility.

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Assessing grass water use efficiency through smartphone imaging and ImageJ analysis

Shen et al. | Jul 27, 2022

Assessing grass water use efficiency through smartphone imaging and ImageJ analysis

Overwatering and underwatering grass are widespread issues with environmental and financial consequences. This study developed an accessible method to assess grass water use efficiency (WUE) combining smartphone imaging with open access color unmixing analysis. The method can be applied in automated irrigation systems or apps, providing grass WUE assessment for regular consumer use.

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