While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
Using a VPP to regulate thousands of data points according to price signals can enable generation asset owners to take care of their systems within seconds and with very high granularity.
Leaving with a last hurrah, Brexit casualty prime minister Theresa May has announced a statutory instrument to amend the Climate Change Act of 2008. The law currently prescribes an emissions cut of 80% by 2050, from a 1990 baseline. The new law will aim for net zero emissions by 2050, making the U.K. the first G7 nation to pass such legislation.
With PV’s cost declines, the growing question is: where to put it all, particularly in densely populated areas. Ingenuity to the rescue – a technology that took its first steps in 2007 is entering full market maturity. And its potential is rather impressive.
The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives.
Analyst Globaldata says falling system prices, and the need for more resilient grids and favorable policies, continue to fire the energy storage industry around the globe and the Asia-Pacific region is likely to remain the biggest market.
From four to 24 hours: before solar and storage, the 160 households on a Philippine had electricity for only four hours each day. This had negative impacts on the economic development of the islands. With support from the ADB, the island inhabitants now have 24 hour supply of clean energy, and new billing methods that suit the economic realities of poorer households.
Scientists at MIT have developed a new type of “hybrid” cathode for lithium batteries, which they say could increase their energy density beyond that of current commercial lithium-ion battery designs.
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