Source: LCA analysis, International Energy Agency (www.iea.org) and the U.S. Environmental Protection Agency’s (EPA) Greenhouse Gas Equivalencies Calculator (http://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator )
Because of excessive energy consumption and pollution … Transport accounts for 19% of global energy use and 23% of energy-related CO2 emissions (www.eia.org). By 2014, the number of cars on the world’s roads had surpassed 1.2 billion, and it is expected to hit the 2 billion mark by 2035 (www.greencarreports.com). These trends suggest the aforementioned scenarios CO2 emissions are projected to increase by nearly 50% by 2030 and over 80% by 2050 (www.eia.org).
In addition, fuel-based lighting in the developing world is a source of 244 million tons of CO2 emissions to the atmosphere each year (http://www.lightsforlife.org). This is on account of the more than 300 million total streetlights in the world today. This number will grow to 352 million total streetlights by 2025 (www.northeast-group.com).
Thus we identified an opportunity capable of solving this problem and provide cleaner energy for public consumption all over the world by using vehicular traffic at the same time that we help countries meet their commitments of reducing carbon emissions into the future.
Generating power from vehicular traffic is not something new. Similar to the concept of a wind generator (instead of air moving through the blades, it is vehicles that are moving over TEBS), we have modified the technology and contained the generator to fit in a device that can be inserted into the roads in a modular and scalable manner in order to produce large-scale clean energy. GKP’s design achieved significant improvements over other design concepts, at the same time that is has corrected deficiencies of competing products, in order to allow for increased electric energy generation of TEBS, thus making a product that is safer, environmentally friendly and financially viable.