Figures released recently by utility solar authority Wiki-Solar.org[1] show that global capacity of largescale PV generating capacity exceeded 60 GW at the end of 2015. More than 22 GW of new plant were commissioned in 2015, setting a sixth consecutive annual record. Just over half of the new capacity in the year was installed in Asia, led by China […]
R&D
Partnership to power up new 30% cheaper battery technology for solar storage
Researchers at WMG, University of Warwick have formed a new research partnership with battery technology innovators Faradion, and smart energy storage specialists Moixa Technology, to develop sodium-ion cells as a significantly lower cost alternative to lithium-ion batteries for solar energy storage. This collaboration is being part funded by Innovate UK, the UK’s innovation agency. A […]
Smart Solar Market Worth 13.26 Billion USD by 2020
According to a new market research report “Smart Solar Market – By Solutions (Network Monitoring, Meter Data Management, Analytics, SCADA, Remote Metering, Asset Management) Services (Consulting, Demand Response) Application (Commercial & Industrial, Residential) – Global Forecast to 2020”, published by MarketsandMarkets, is expected to grow from USD 6.47 Billion in 2015 to USD 13.26 Billion […]
A week of thinking big: wind, carbon, storage
It has been a week for thinking big. Wind developers in the US were told they must do so by Dong Energy. The UK government did so in its own way, saying it is preparing to auction the Green Investment Bank, the world’s first privatisation of a specialist development bank. In Canada, Prime Minister Justin […]
Bloomberg New Energy Finance Names Suntech again a Leading PV Module Supplier in 2016
Bloomberg New Energy Finance (BNEF) added Suntech again to its Tier 1 solar company list in its February 2016 PV Market Outlook. BNEF has developed a unique ranking system for grading PV module manufacturers, based on bankability and cooperation with market developers, investors and EPCs. The ranking creates a transparent differentiation between the hundreds of manufacturers of […]
How to determine meaningful, comparable costs of energy storage
The future market for stationary energy storage systems (ESS) is one of the most heavily discussed topics in the power industry today. Significant growth is expected in particular for stationary battery systems, which accounted for only 2 GWh globally in 2015 but is expected to grow to 33 GWh by the end of the decade. […]
Advanced Energy Hits Record Revenue at Nearly $1.4 Trillion – Grew 8%, More Than 3X Overall Global Economy in 2015
Recently, the business group Advanced Energy Economy announced that total revenue for global advanced energy was a record $1.4 trillion in 2015, making the industry twice as big as the airline industry, bigger than apparel/fashion, and approaching worldwide spending on media and entertainment. The U.S. advanced energy market hit $200 billion, nearly double the nation’s […]
DNV GL Report: From a system perspective, large-scale renewable energy projects remain more cost efficient compared to decentralised alternatives
DNV GL, the world’s largest resource of independent energy experts and certification body, has recently published the findings of its report on a cost benefit analysis between large-scale centralised and micro-distributed (DG) renewable generation. The report’s main conclusion is that centralised wind and solar generation is between 33-50% more cost-efficient than the evaluated decentralised alternatives in […]
Global Advanced Energy Storage Market to Surpass USD 4 Billion by 2020, According to Technavio
According to the latest market study released by Technavio, the global advanced energy storage market will grow from USD 1.7 billion in 2015 to USD 4.1 billion by 2020, posting a CAGR of more than 18%.This research report titled ‘Global Advanced Energy Storage Market 2016-2020’, provides an in-depth analysis of the market in terms of […]
As European Solar Installations Slow, China, US and Japan Lead Global Installed PV Capacity in 2016, IHS Says
By the end of 2016, cumulative global installed photovoltaic (PV) installations will surpass 310 gigawatts (GW), compared to just 40 GW at the end of 2010. The five countries accounting for 70 percent of this capacity are China, the United States, Japan, Germany and Italy. With annual installations stalling, Germany will fall from the second-largest […]