The global energy transition targets will create new markets for non-ferrous metals in the coming years, it said New Delhi : Solar power will have a significant impact on demand for aluminium, copper, and zinc, with the usage of all three metals in the sector set to double by 2040, according to a recent report […]
WoodMac: Biggest US Battery Build-Out Ever in Q3
The U.S. beat its previous battery installation record by 240 percent, a sure sign of things to come. The U.S. energy storage industry smashed its quarterly installation record with an influx of major projects in the third quarter. The industry had just broken records in the second quarter, but it beat that period’s performance by […]
WoodMac: Biggest US Battery Build-Out Ever in Q3
The U.S. beat its previous battery installation record by 240 percent, a sure sign of things to come. The U.S. energy storage industry smashed its quarterly installation record with an influx of major projects in the third quarter. The industry had just broken records in the second quarter, but it beat that period’s performance by […]
ESA, WoodMac report: 2Q energy storage deployment hits record 168 MW in U.S.
Energy storage deployments achieved the highest second quarter ever from this April to June. A report this month from Wood Mackenzie and the U.S. Energy Storage Association (ESA) counted some 168 MW of new capacity added in this second quarter. This was a 72-percent increase over 2020’s first quarter, more than doubled the same period […]
WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030
Batteries will beat natural gas peakers on cost across Europe by the end of the decade, according to new research from Wood Mackenzie. Europe’s power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. The big five European markets […]
Global energy storage market to grow over 5-fold to $100 bn by 2025: WoodMac
The energy storage market is anything but predictable. As it continues to mature, more credible pipelines are developing. China, Australia, and the US all have grand ambitions to deploy gigawatts’ worth of energy storage each year out to 2025 New Delhi: The global energy storage market is set to grow 13-fold to 230 GW by […]
WoodMac: Workplace EV Charging Is on the Rise
New research finds significant growth potential in the North American and European workplace EV charging markets. There were nearly 5 million light-duty electric vehicles on the road as of the end of 2018 — roughly 50 percent more than the year before. Wood Mackenzie now expects the global EV stock to surpass 37 million by […]
WoodMac: Bifacial Solar Set to Boom, 21 GW by 2024
Bifacial solar is the next big thing. The sinking cost and relatively easy supply propelled the new technology to the forefront of the solar industry. Bifacial solar modules, as its name suggests, can generate power from both the front and the back sides of the modules, which boosts the power generation. Not only the power […]
WoodMac: Natural Disasters No Big Catalyst for Microgrid Deployment
The majority of microgrids aren’t deployed immediately after a storm, and most still don’t include multiple clean energy technologies. After Hurricane Irma and then Hurricane Maria tore through Puerto Rico and ripped out its electricity infrastructure, renewables developers quickly descended on the island to offer clean energy and resilient solutions such as battery storage, residential […]
WoodMac: Europe’s Home Storage Market Set to Double by 2024
Residential solar-plus-storage systems will make economic sense in several markets by the early 2020s, with more to follow. Europe already claims the title of largest residential storage market globally. And over the next five years, the market will experience growth that goes beyond Germany, the regional leader to date. Europe’s cumulative base of deployed residential […]