A study by the International Energy Agency into the chilling effect of the Covid-19 pandemic on energy demand states renewables will be ‘the only energy source likely to experience demand growth for the rest of 2020’. The slower the economic recovery, the more the fossil fuel industry will suffer.
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
The Clean Energy Finance Corporation along with its partners has released an Issues Paper on the halting state of Australia’s infrastructural development. The paper highlights the nation’s short-sighted infrastructural projects and their weight upon the energy transition.
The Finniss Lithium Project will be the first-ever lithium mine to be built outside of Western Australia.
Monash University-led researchers have made a discovery that will dramatically reduce lithium-from-brine extraction times and accelerate our energy future. The breakthrough, innovative and ingenious, is as simple and as complex as a sieve.
Volkswagen Commercial Vehicles has unveiled the e-Bulli, a concept blend of the classic 1966 Bulli Kombi with 2020 electric vehicle driving.
A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
NSW has reduced its greenhouse gas emissions by 18% from 2005 levels, but mitigation has stabilised. This weekend, NSW Energy and Environment Minister Matthew Kean released the state plan for accelerating emissions reduction to 35% by 2030. It seeks to bring existing and new initiatives; Commonwealth and State funding; the Federal focus on technology and the undeniable benefits of solar and wind generation under a single umbrella.
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