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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

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Alcoa outlines technology roadmap to decarbonize aluminum industry

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outlined a technology roadmap to support its vision to reinvent the aluminum industry for a sustainable future. Alcoa would use a combination of processes and technologies that are under development, including mechanical vapor recompression and electric calcination to develop this future-focused design. Alcoa Corp.

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Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

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Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today are collaborating to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. SHI aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on natural gas.

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. The latest IEA Outlook report asserts that global EV sales are set to remain “robust” in 2024, reaching around 17 million by the end of the year.

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Raven SR waste-to-hydrogen plant in California to be powered by INNIO Jenbacher’s Ready-for-H2 engines

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At the site, landfill gas (LFG) will be the primary fuel to provide power for the non-combustion process that converts waste to hydrogen. The collaboration with Raven’s technology offers a strong renewable hydrogen alternative to electrolysis, using less electricity and no need for fresh water. Earlier post.).

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Aker Solutions wins FEED contract for e-Fuel plant in Norway

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The e-Fuel plant is planned to produce CO 2 -neutral fuel by using green hydrogen and furnace gas from an existing factory. Based on the FEED results, NBC aims to sanction start of detailed engineering, procurement, construction and installation (EPCI) within the second half of 2021.

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