The growth of intermittent renewable energy across the globe has necessitated the deployment of energy storage technologies to fully replace fossil fuels with clean, dispatchable, and reliable power. According to IHS Markit, the share of co-located onshore wind, solar, and energy storage is projected to increase from 14% in 2021 to 35% by 2030 across […]
Growatt ranked first globally for residential inverter shipments two years in a row – EQ Mag Pro
According to the estimates of IHS Markit (now part of S&P Global), Growatt was ranked the No.1 residential inverter supplier globally in 2021, consolidating its market-leading position for a second consecutive year. The company owes the achievement to its vast variety of product portfolios of high quality and reliability as well as its extensive global […]
Energy storage for utilities: Is it better to own or contract a battery storage system? – EQ Mag Pro
“The energy storage industry will begin significant multiyear growth in 2021, continuing until 2030, as the technology begins to form a core component of power grids in developed markets.” — George Hilton, IHS Markit. “Energy storage costs declined 72% between 2015 and 2019.” — EIA As recently as five years ago, utility-scale energy storage, also […]
How much do electric vehicles cost to ‘fill up’ compared with buying gasoline? – EQ Mag Pro
Where you live is the biggest factor, and EV road trips could lead to sticker shock Auto makers plan to electrify their future lineups, upending the way drivers fuel. Congress just gave a jolt to those efforts, passing a $1 trillion infrastructure bill that includes billions for EV charging. What does it cost to “fill […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit Says – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets. The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
IHS Markit: Ability of Natural Gas Infrastructure to be Converted to Carry Low-Carbon Fuels Will Enable Gas to Become a “Second Pillar” of Decarbonization Alongside Renewables
IHS Markit: Ability of Natural Gas Infrastructure to be Converted to Carry Low-Carbon Fuels Will Enable Gas to Become a “Second Pillar” of Decarbonization Alongside Renewables. Carbon reduction benefits of switching to natural gas in the near-term could support deeper decarbonization over the longer-term, acting as a “pre-build” of infrastructure needed to support emissions goals, […]
KEHUA TECH – The No.9 Global PV Supplier
XIAMEN, China : According to PV inverter market tracker report by IHS MARKIT which is a global information specialist, KEHUA TECH ranked 9th as the world PV inverter supplier in 2020. As it said in the report, the global inverter shipments increased 35% to reach over 170 GW in 2020 which top-three markets of China […]
GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year
On 22 May, GoodWe hosted the opening ceremony for the phase II of Guangde manufacturing base. GoodWe CEO & founder Daniel Huang, and the Board of Directors and Shareholders laid the foundation stone to mark the beginning of the project. Since GoodWe’s stock listing in 2020, investor capital has propelled the company into a new […]
New global solar PV installations to increase 27% to record 181 GW this year -IHS Markit
Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year. LONDON: Global solar photovoltaic installations are expected to grow by 27% this year to a record 181 gigawatts (GW), led by China, the United […]
