Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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Immediate actions needed to unblock grid capacity for more wind energy
Getting access to the electricity grid is now the number one bottleneck to deploying renewables at scale. Across Europe hundreds of gigawatts of wind energy projects have applied for a grid connection permit and are waiting for an answer. The resulting grid connection queues have led to administrative overload and serious delays in the much-needed … Continue reading Immediate actions needed to unblock grid capacity for more wind energy
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Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
There are a great number of challenges standing between the current global energy landscape and decarbonization. Even though the installation of renewable energy production capacity is picking up speed, experts say that the growth rate is insufficient to achieve the goals set forth by the Paris Climate Agreement. However, in some places, the amount of … Continue reading Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
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Solar photovoltaic and wind energy in the third week of June
In the third week of June, prices in most major European electricity markets increased compared to the previous week. The main causes of this rise were the increase in average temperatures, which favored the increase in demand in most markets, as well as the generalized decrease in wind energy production and the decrease in solar … Continue reading Solar photovoltaic and wind energy in the third week of June
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US Energy Storage Market Sets Q1 Capacity Installation Record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
Energy companies have plans in different states of maturity to build up to 40 pumped hydroelectric plants with a power of 15,000 MW, triple those already operational in the country.The massive deployment of new renewable energy plants in Spain forces us to face major challenges for the reorganization of the electrical system. The intermittency of … Continue reading Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
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Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, … Continue reading Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
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Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
Monthly production with renewables in our country represented 63% and technologies that do not emit CO2 equivalent reached a share of 81.4%: wind contributed 20.2% and photovoltaic 23.8%.The demand for electrical energy in Spain increases 1.1% in May. Electricity demand grows by 3.8% in the Balearic Islands and 2.8% in the Canary Islands, once the … Continue reading Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
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Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
In the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily over the weekend. Solar photovoltaic … Continue reading Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
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Battery storage begins to play a key role for US grids
California and Texas increasingly rely on storage to balance the grid. Other states will follow. Wind power and photovoltaics require storage to ensure supply “The future is already here — it’s just not very evenly distributed.” That observation, from the great science fiction writer William Gibson, often provides a useful framework for thinking about technological … Continue reading Battery storage begins to play a key role for US grids
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RWE signs Framework Agreements for HVDC systems with Hitachi Energy and Aibel to secure capacity for future offshore wind farms
RWE, one of the world’s leading players in offshore wind, signed Framework Agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current (HVDC) systems for RWE offshore wind farms. The agreements are long-term in nature as the secured HVDC systems are designated for offshore wind projects from RWE’s global development … Continue reading RWE signs Framework Agreements for HVDC systems with Hitachi Energy and Aibel to secure capacity for future offshore wind farms
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Photovoltaic and wind energy production in the first week of May
In the week of April 29, prices in the main European electricity markets fell compared to the previous week. The exception was the Iberian MIBEL market, where prices rose, although they were the lowest again for the thirteenth consecutive week. Most markets registered negative hourly prices. Portugal and Italy broke the historical records for solar … Continue reading Photovoltaic and wind energy production in the first week of May
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The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
On 28 November the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current … Continue reading The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
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ACP Statement on White House, Department of Energy Transmission Announcements
The American Clean Power Association (ACP) released the following statement from CEO Jason Grumet after the White House and the U.S. Department of Energy announced several new measures to deploy and expand high-voltage transmission: “Today’s announcements reinforce the urgent need to expand and strengthen our nation’s electric grid. Our nation’s economic, security, and climate goals all hinge … Continue reading ACP Statement on White House, Department of Energy Transmission Announcements
Continue readingClean Energy Industry Groups Issue Statement on New AD/CVD Petitions
Today, petitions were filed with the U.S. Department of Commerce and the U.S. International Trade Commission requesting imposition of anti-dumping and countervailing duties (AD/CVD) on crystalline silicon photovoltaic cells and modules imported from Cambodia, Malaysia, Vietnam, and Thailand. The Solar Energy Industries Association (SEIA), American Clean Power Association (ACP), Advanced Energy United (United), and American … Continue reading Clean Energy Industry Groups Issue Statement on New AD/CVD Petitions
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Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today. Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing … Continue reading Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
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13 Organizations Urge Atlantic States to Move Forward with Planning and Solicitations for Offshore Transmission Systems
As the development of offshore wind projects continues to increase across the U.S., a letter signed by 13 clean energy and environmental organizations was sent to policymakers in coastal Atlantic states today, requesting the states complete the necessary planning and solicitation for offshore transmission systems to support the industry’s long-term growth. The groups urge these states to … Continue reading 13 Organizations Urge Atlantic States to Move Forward with Planning and Solicitations for Offshore Transmission Systems
Continue readingApril starts with new photovoltaic energy records
In the first week of April, prices fell in the main European electricity markets, with most of them below €50/MWh. Photovoltaic energy reached an all?time production record in Portugal and the second highest value ever in Italy. In France, wind energy registered the second and third highest production for an April month. In addition to … Continue reading April starts with new photovoltaic energy records
Continue readingSolar photovoltaic and wind energy in the last week of March
The Spanish electricity market registers negative prices for the first time and, together with Portugal, continues to have the lowest prices in Europe. In the last week of March, the Iberian MIBEL market registered the lowest prices in Europe for the eighth consecutive week and the Spanish market registered negative prices for the first time … Continue reading Solar photovoltaic and wind energy in the last week of March
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Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating … Continue reading Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
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