Technology

Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Americas, Asia Pacific, Europe/Middle East/Africa, Head Lines, Technology

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

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India: Improved Monsoon Winds Help Power Producers in 2018

Asia Pacific, Head Lines, Technology, Wind

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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Ingeteam’s Indian Wind Converter Factory Achieves DNV GL Certification First

Asia Pacific, Head Lines, Technology, Wind

Ingeteam has announced that it received DNV GL’s “Shop Approval in Renewable Energy” certification for the wind converter manufacturing facility recently established by the company in the Tamil Nadu region. Its new facility is the first-ever wind converter factory to receive such a certification in India. DNV GL’s Shop Approval is awarded upon successful completion of a comprehensive audit and enables Ingeteam to simplify the scope of subsequent quality inspections. This next level certification guarantees that a workshop operates within a high-standard manufacturing environment and that adequate working procedures and methods are consistently deployed by qualified staff.

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EES & IBESA Summit France 2018: Storage Industry Setting A Course For The Future

Efficiency, Energy, Europe/Middle East/Africa, Technology

The ees & IBESA Summit in Strasbourg is the main meeting point for the battery and energy storage industry in France. On October 24, 2018, European manufacturers, service providers, project developers, systems integrators and research institutes will come together in Alsace to make transnational contacts. Supported by ees Europe, the continent’s largest and most visited exhibition for batteries and energy storage systems, and the International Battery and Energy Storage Alliance (IBESA), summit participants will discuss the latest topics and trends, and develop new business models and visions for the new energy future.

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Distributed Generation: A Lynchpin For The Small And Medium Scale Renewables

Europe/Middle East/Africa, Head Lines, Policy, Technology

The global distributed generation market is expected to witness a growth of over 15% and is projected to reach nearly US $500 billion by 2024. Factors such as high cost of utility tariffs, interruption of power supply, and losses incurred during transmission of electricity over long distances have focused interest towards distributed generation. Furthermore, financial incentives given by governments for construction of renewable distributed generation facilities is likely to give even greater impetus to the market. In its knowledge series, Clean Energy World focuses on Distributed Generation and signposts to training available for professionals.

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E-Buses to Surge Even Faster Than EVs as Conventional Vehicles Fade

Americas, Asia Pacific, Europe/Middle East/Africa, Technology

The electrification of road transport will move into top gear in the second half of the 2020s, thanks to tumbling battery costs and larger-scale manufacturing, with sales of electric cars racing to 28%, and those of e-buses (electric buses) to 84%, of their respective global markets by 2030. As the supply of cobalt emerges as a potential risk to the pace of growth in electrified transport over the next few years, the advance of e-buses will become more rapid than for electric cars, BNEF states.

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Mission E: Porsche’s First Fully Electric Sports Car Is Named Taycan

Europe/Middle East/Africa, Head Lines, Technology

Porsche have announced that series production of its first purely electric vehicle is set to begin next year. The “Mission E” concept study, the name currently used to describe Porsche’s complete electric offering, will be known as the Taycan. Two permanently excited synchronous motors (PSM) with a system output of over 600 hp (440 kW) accelerate the electric sports car to 100 km/h in well under 3.5 seconds and to 200 km/h in under twelve seconds. This performance is in addition to a continuous power level that is unprecedented among electric vehicles.

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Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

Europe/Middle East/Africa, Region, Technology

ICONIQ Motors, a China-based EV company, has reached agreement to test its autonomous driving concept at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models is a futuristic vehicle, built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology; and is set to hit the market in 2019. “Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Madsar. “It is the ideal location to test innovative autonomous driving concepts.”

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Volkswagen Strongly Commits To E-Mobility And Digitalisation, Investing €34 Bn

Europe/Middle East/Africa, Head Lines, Technology

The Volkswagen Group has made a major announcement regarding its strategic goals until 2025. By the end of 2022: more than €34 billion is planned for the development of e-mobility, autonomous driving, new mobility services and digitalisation. Financial markets reacted positively to the Group’s strategic focus and Volkswagen’s share price were back at the pre-crisis levels. CEO Matthias Müller stated “We are reinventing the car. To achieve that, we are making targeted investments to provide the necessary funds from our own resources.” The Group has said it would electrify its entire model portfolio by 2030.

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India: Increased Commitment By Government Drives Demand For Solar Inverters

Asia Pacific, Deals & Finance, Policy, Solar, Technology

SMA has announced that it sold more than 1GW of solar inverters into all market segments in India in 2017. SMA inverter sales in the commercial sector have doubled compared to last year, corresponding to a market share of 30%. In total, the installed SMA inverter base in India exceeds 3 gigawatts. “India is one of the key markets for SMA in the Asia Pacific region. In the last 3 years, we have seen strong commitment from the Indian government driving growing market demand in the solar sector”.

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