Since the beginning of 2022, the cryptocurrency market has been impacted by macro factors such as increasing inflation, which led investors to a massive sell-off and stay away from riskier assets. In a recent incident, FTX, one of the world’s biggest crypto exchanges, has filed for Chapter 11 bankruptcy protection in the US. Against this […]
GlobalData Sees Saudi Arabia Falling Short Of 25.8 GW Renewable Energy Capacity To 2023 Target – EQ Mag Pro
GlobalData report on Saudi Arabia renewable energy market sees the country not able to meet its 2023 and 2030 goals Current pace of installations and regulatory challenges may end up Saudi Arabia falling short of its 27.3 GW renewable capacity goal for 2023 by 25.8 GW Government should be fast tracking renewable energy projects while […]
Energy Storage A Hit Among Twitter Influencers – EQ Mag Pro
The growing adoption of electric vehicles is fueling discussions on various energy storage systems among the Twitter influencers. Energy storage has emerged as a global priority as the focus has shifted towards the adoption of clean energy to not only meet the increasing energy demand but also to achieve net-zero. In line with this, the […]
Solar PV and wind power market in the US will be driven by favorable government policies, says GlobalData – EQ Mag Pro
Renewable power held a 19% share of the US’s total power capacity in 2020, according to GlobalData, and this share is expected to increase significantly to 48.4% by 2030. The leading data and analytics company notes that favorable policies introduced by the US government will continue to drive the country’s renewable sector, particularly solar PV […]
Hyundai strengthening EV presence with innovative products, says GlobalData
Following the news that South Korean auto giant Hyundai is promoting its new electric car Ioniq 5, which has bidirectional charging technology and can power home appliances; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Hyundai has marked itself as a leader in EV technology […]
Energy storage systems to pave the way for the next phase of the energy transition, says GlobalData
In the electricity distribution sector, investment in energy storage systems (ESS) creates long-term reliability and resilience. ESS are used to store energy for later use. ESS serves as a crucial hub for the entire electricity grid, right from managing power during peak load periods, enabling energy management and boosting the quality and reliability of power […]
SPG’s $250m investment plan shows long-term attractiveness of Brazil solar market, says GlobalData
Solar Provider Group (SPG) has announced that it is planning to enter the Brazilian solar market with an investment of $250m over the next five years. SPG is looking for local development partners in Brazil, as well as corporate buyers of energy. With its financing, structuring, engineering and development expertise, SPG is looking to build […]
