Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021. This total was a huge leap on the pandemic-depressed first half of 2020, when the figure stood at just US$716 million. Research firm Mercom Capital Group has released its latest report into funding and merger and acquisition (M&A) activity in battery storage, smart grid and energy efficiency. Mercom publishes the reports on a quarterly basis and...Continue Reading
Fossil fuel sources still account for the majority of global energy consumption, but renewables are not far off. The share of global electricity from renewables grew from 18% in 2009 to nearly 28% in 2020. Renewable energy sources follow learning curves or Wright’s Law—they become cheaper by a constant percentage for every doubling of installed capacity. Therefore, the increasing adoption of clean energy has driven down the cost of electricity from new renewable power...Continue Reading
The world is in a chip-making crisis. But reasonably soon, the shortage will be over, and a very different, equally gargantuan opportunity will come into focus: We are going to need batteries — massive numbers of batteries. According to a forecast last week by BloombergNEF, a clean energy research firm, the world is going to require about 12 times the current lithium-ion battery capacity by 2035, or 4.8 terawatt-hours. These batteries...Continue Reading
We are only at the beginning of the energy transition. The switch from fossil fuels to renewable energy will continue to dominate the coming decades. And investors can get a piece of the pie. All over the world, governments are shifting up a few gears towards an energy system that is no longer based on fossil fuels. One climate plan after another is launched, each one more ambitious than the...Continue Reading
15 June, 2021. Global Wind Day. Global Wind Day is a worldwide event that occurs annually on 15 June. It is a day for discovering wind energy, its power and the possibilities it holds to reshape our energy systems, decarbonise our economies and boost jobs and growth. More infoContinue Reading
According to a study from HIS Markit, the energy storage market has started a multi-year growth at least continuing till 2030. Europe alone already counts for an increase of 70%. Source : ilumenContinue Reading
