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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

Green Car Congress

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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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458
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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 89
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 2 Total SA.

Oil 418
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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

He cited the EU’s investigations into Chinese electric cars, solar panels and wind turbines as examples. He cited the EU’s investigations into Chinese electric cars , solar panels and wind turbines as examples. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire.

Chinese 52
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Hitachi Energy invests a further $4.5B to expand the electricity grid

Baua Electric

Global tech company Hitachi Energy’s order backlog has more than tripled to over $30 billion since 2020. 3 interconnection between Italy and France. billion investment announced in April to ramp up global transformer production. billion investment announced in April to ramp up global transformer production.

Grid 52