new Declining battery costs should cause an explosion in mobile form factors. These innovations should increase the demand for electrical energy, displacing fossil fuels and reducing not only the vulnerability of grids but also operating expenses and the capital intensity of transmission and distribution. — Ark Invest, 9h ago

new ARK defines disruptive innovation as the introduction of a technologically enabled product or service that changes an industry by creating simplicity and accessibility while driving down costs. Innovation enables industry growth, facilitates convergence across different sectors of the economy, and drives long-term investment opportunities. Over time, innovation should displace industry incumbents, increase efficiencies, and gain majority market share. For that reason, ARK focuses on innovations centered around artificial intelligence, robotics, energy storage, DNA sequencing, and blockchain technology, all of which we believe are converging to change the way the world works. — Ark Invest, 8h ago

new Beyrra Triasdian, Renewable Energy Researcher, Trend Asia said: “We deserve a life in a better world without having to worry about future debt. With the current global financial architecture, which is heavily geared toward the profits of developed countries, transactions labelled as “just energy transition” are loaded with false solutions that are not oriented toward the needs of people in developing countries. Community-scale renewable energy will be able to overcome the problem of energy scarcity in rural areas while also ensuring climate justice. Instead of focusing on energy centralization, which prolongs the use of fossil fuels and is clearly harmful to people at the grassroots level, financial assistance for community-based independent power producers will fulfil social justice by promoting energy democratisation and resilience.”... — Oil Change International, 1d ago

new ...“Wealthy countries must do much more to finance affordable renewable energy around the world. While renewables are the cheapest energy option for most people, high upfront costs and interest rates often put wind and solar out of reach for developing countries. — World Resources Institute, 1d ago

new Many developing countries are already playing a vital role in supplying world markets, such as the Democratic Republic of the Congo, from where 68 per cent of cobalt imports originate, Chile, a significant lithium exporter, and Indonesia, which accounts for 48 per cent of nickel exports. Since 2010, the typical quantity of minerals required for each new unit of power generation has risen by 50 per cent due to the growing proportion of renewables in total energy production. Demand for some critical minerals is expected to increase rapidly in a Net Zero Emissions scenario: by 115 per cent for cobalt and 454 per cent for lithium in the period from 2022 to 2030. With increased demand, the number of new critical minerals projects announced across 2021 and 2022 was more than twice the level of the previous decade. — UNCTAD, 1d ago

new The idea of using liquid CO2 for energy storage is simple enough, now that low cost renewable energy is at hand. During periods when renewable energy output is high but electricity demand is low, grid managers have to order curtailments in wind or solar capacity. With a CO2 storage system, the excess kilowatts can be put to work running compressors that convert a large volume of CO2 gas to a smaller volume of liquid. When released from compression and heated, the CO2 expands back to a gas and is put to work running turbines to generate electricity. — CleanTechnica, 2d ago

new ...“Collaboration is crucial to effectively address the challenges of climate change at the scale we need. Supporting green infrastructure like BESS will build more sustainable and inclusive economies for everyone. Together with the IDB, GEAPP’s Global Leadership Council is working to build a more prosperous future for Latin American and the Caribbean region.”... — The Rockefeller Foundation, 2d ago

new Consider how these economic challenges came to be. U.S. offshore wind began to take hold in the years leading up to and during the COVID-19 pandemic. After bidding and contracting for long-term prices based on a pre-COVID financial outlook, the ground shifted substantially underneath the global economy and the offshore wind industry. Economic challenges common to the cyclical nature of the energy industry were combined with pandemic-driven inflation, high interest rates and strains on the global offshore wind supply chain. Projects are now moving forward amid these economic headwinds — and some are currently unable to overcome them. — The Hill, 2d ago

new ...“Our ambitious plan, with federal funding, can accelerate clean energy investment and significant greenhouse gas emissions reductions at a lower cost than alternative scenarios, all while exceeding both industry-standard and heightened extreme weather reliability criteria,” said Duane Highley, Tri-State CEO, in a statement. “We are clearly demonstrating how Tri-State remains the most reliable, affordable and responsible power supplier for our members both now and well into the future.”... — POWER Magazine, 2d ago

new Thermal energy storage refers to the process of storing thermal energy in a medium, such as water, ice, or molten salts, so that it can be used later to heat or cool a building or power a turbine. The stored thermal energy can be used during peak demand periods or when the primary energy source, such as solar or wind power, is unavailable. Thermal energy storage systems can be used for both residential and commercial applications and can help reduce energy costs and carbon emissions. The most common types of thermal energy storage include sensible heat storage, latent heat storage, and thermochemical storage.Thermal Energy Storage Market Competitive Landscape & Company Profiles... — openPR.com, 2d ago

new Green energy is also anticipated to be a major factor in private and public electric vehicle charging. Owners of electric vehicles worry about carbon dioxide pollution. Makers are rapidly changing the charging mechanisms used in their electric vehicle charging infrastructure to address these issues. This is one of the most significant elements that will affect the development of the worldwide market for electric vehicle charging infrastructure. — marketresearchblog.org, 2d ago

new As we’ve been documenting for years, the electric vehicle industry has shifted more and more to low-cost lithium-iron-phosphate (LFP) batteries — which don’t have as strong of performance as some other EV battery chemistries, but which have gotten good enough energy density and power density at low cost to be the most competitive options in many markets. — CleanTechnica, 2d ago

new ..."If a PED does overheat, the amount of heat and gas released is determined by the energy content of the batteries. PEDs that can be brought on board are currently limited to 100 watt-hours (Wh). Laptop batteries must not have a capacity of more than 100 Wh. In the future, devices with increasingly high energy densities will be brought onto the market," says Holz in clarification of the difficulties faced. — techxplore.com, 2d ago

new These developments have been financed with debt from Banco Davivienda Panama for a total amount of approximately USD 20 million. “At Banco Davivienda, we reaffirm our commitment to sustainability and Panama’s sustainable future. We firmly believe that financing renewable energy projects is essential to progress in the transition to a low-carbon economy. We are investing in the future by supporting projects that not only generate clean energy but also promote economic growth and job creation in our country. As a bank, we are proud to be part of the solution and contribute to a more sustainable Panama; at Davivienda, we work every day to make the world a more prosperous, inclusive, and green home,” says Carlos Rojas, Executive President of Banco Davivienda (Panama). — Eco-Business, 2d ago

new The fact is that building a wind/solar/storage electricity system without fossil fuel backup does not provide cheaper electricity than a predominantly fossil fuel system, but more expensive electricity. And the additional expense is not some small amount like 10 or 20 or 30 percent. It’s more like a multiple of 10 or 20. Nobody knows exactly how much, because there does not exist anywhere in the world a working demonstration project from which costs can be benchmarked and extrapolated. As you start to eliminate the fossil fuel backup from the system, far and away the predominant costs become the energy storage and/or overbuilding. The costs of the wind turbines and solar panels themselves become relatively insignificant. As noted, Germany has gotten to about 50% of its electricity generation from wind and solar, with so far about a 2 times overbuild of capacity, and almost no storage. With the next round of overbuild of capacity, should they do it, they will be lucky to get to 60% of electricity from renewables; and each successive round of overbuild adds less useful electricity and more that must be discarded. Meanwhile, storage is ruinously expensive in quantities that are meaningful to keeping the lights on year round. — Watts Up With That? • The world's most viewed site on global warming and climate change, 2d ago

new Increased Resilience: Having redundancy in charging infrastructure enhances the resilience of the energy system. If one charging point fails or faces issues, there is a backup option, reducing the impact of potential disruptions. — Energy Central, 2d ago

new While some are questioning the role of carbon capture and storage (CCS) in the net zero puzzle, as they believe it only serves to extend the life of fossil fuels, many others are embracing this technology as a decarbonization tool to navigate the energy transition journey to a carbon-free world. The UK is perceived to be one of the countries with the potential to exceed its CCS targets. However, Westwood Global Energy Group, an energy market research and consultancy firm, warns that delays, cancellations, and under-delivery pose a significant risk, which could derail Britain’s 2030 targets. — Offshore Energy, 2d ago