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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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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. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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Altairnano signs MoU with Shenhua subsidiaries for industrial Li-ion energy storage systems in China

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Altairnano has signed a Memorandum of Understanding (MoU) with Shenhua Science & Technology and its research affiliate, the National Institute of Clean and Low-carbon Energy (NICE), jointly to develop, deploy and promote industrial applications of lithium titanate-based energy storage systems in China.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

Auto 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

Auto 52
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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.

Wind 306
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To Store or Not to Store: That is the Question

Green Car Congress

“ Why do you need energy storage on the grid, when the grid is full of power plants that generate all the energy that is needed? Supplementing baseload coal-, nuclear- and gas-powered power pants in a grid strategy for tomorrow. The need for energy storage should start to seem obvious.

Store 279