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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

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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BASF breaks ground on syngas plant at Zhanjiang Verbund site in China

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The production technologies deployed in the syngas plant will mainly utilize CO 2 off-gas, a by-product of the ethylene oxide process and excess fuel gas from steam cracker operations, to manufacture syngas. Electricity will be supplied by the site-wide grid which is expected to be powered with 100 % renewable energy by 2025.

China 284
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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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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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IDC Energy Insights: Worldwide smart grid spending to reach $46.4B in 2015

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Smart grid spending will increase 17.4% The Asia/Pacific region is forecast to experience the most growth in spending with a five-year CAGR of 33.7%. In Asia/Pacific, the smart metering torch is being carried by China with a goal of deploying 300 million smart meters by 2020.

Insight 225
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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% Smart Grid. Total corporate funding in Smart Grid came to $32 million in 16 deals compared to $272 million in 10 deals in Q4 2018. Investments, Aurum Land, and Insitu Asia Holdings.

2019 170
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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