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Utility solar dethrones coal as the cheapest power source in Asia

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Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

Asia 52
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EIA projects increases in global energy consumption and emissions through 2050

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In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —Stephen Nalley.

Global 259
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018. Smart Grid.

2019 170
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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

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through its US subsidiary EnerNOC, has acquired California-based eMotorWerks, a North American supplier of electric vehicle (EV) charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities. Enel S.p.A.,

Grid 170
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Daimler and partners deploying world’s largest 2nd-life EV battery storage unit for grid support

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The world’s largest 2nd-life battery storage unit will soon go into operation in the Westphalian town of Lünen. A joint venture between Daimler AG, The Mobility House AG and GETEC, it will be operated from the beginning of next year at the site of REMONDIS SE and marketed in the German electricity balancing sector.

Grid 150
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). The contributions of hydro, natural gas, and nuclear remain roughly level on a percentage basis.

Wind 207
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Navigant ranks LG Chem and Samsung SDI as top Li-ion grid storage manufacturers

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According to a new Leaderboard report from Navigant Research, LG Chem and Samsung SDI lead the Li-ion grid storage market in terms of strategy and execution. Although large, leading multinational players have emerged as market leaders, niche entrants are well-positioned to grow with the grid storage market, according to the report.

Li-ion 150