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Renewable Energy World - Energy Storage

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While all countries committed under the Paris Agreement to limit global temperature rise to 1.5˚C-2˚C (2.7-3.6˚ F), major questions remained: How can the world achieve this temperature goal? And what happens if it doesn’t?
Egypt has the potential to meet up to 53 percent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook, released in Cairo last week in the presence of Egyptian government officials and regional decision makers, found that pursuing higher shares of renewable energy could reduce the country’s energy bill by up to $900 million annually in 2030.

The UK could meet a significant slice of carbon emissions’ target if it more widely deployed distributed energy technologies.

Britain’s power market will need investment of 6 billion pounds ($7.9 billion) between now and 2030 in flexible generation and storage such as batteries to support the transition toward an economy that emits less carbon, a study showed.

The International Renewable Energy Agency is conducting a survey to gather quantitative and qualitative insights into the current status of women’s participation in the renewable energy sector.

After wallowing in limbo for the first part of 2018 awaiting re-authorization, the Loan Program Office (LPO) at the Department of Energy is back in business with about $40 billion burning a hole in its proverbial pocket. Mike Reed, Director and Chief Engineer of the Technical and Project Management Division of the LPO and his team are planning to hit POWER-GEN 2018 in Orlando, Florida in December to identify people and projects that might need financing.
U.S. President Donald Trump tapped Energy Department staffer Bernard McNamee to join the nation’s top energy regulator, potentially smoothing the path for a brewing bailout of money-losing coal and nuclear plants.
Evidence of the battery-powered era is all around us. Electric vehicles are cruising down our freeways. Household appliances thrum with stored solar energy that was until recently a daytime-only power source. Governments from California to China and South Korea—even Donald Trump’s Washington—have taken steps that will make battery power more ubiquitous.
Has the environment for electricity generation changed dramatically since the Obama administration’s Clean Power Plan began its slow exit from public and regulatory consciousness several months ago? Not really!
The World Bank Group committed $1 billion to finance battery-storage systems in developing and middle-income countries, and expects its participation to attract another $4 billion in backing from investors as well as public and private funds.
Non-hydro renewable energy sources (i.e., biofuels, biomass, geothermal, solar, wind) set new U.S. records for both production and consumption in the first half of 2018, according to a SUN DAY Campaign analysis of data just released by the U.S. Energy Information Administration (EIA).
India has imposed duties on imports of solar equipment from China and Malaysia lasting two years. The aim is to kick-start a domestic industry that’s failed to take off in the face of ever-cheaper imports of solar cells and modules. China accounted for 89 percent of imports in the last financial year. The protectionist move risks setting back India’s climate change commitments by slowing the buildup of renewable energy capacity, even as prices for solar power in the world’s second-most populous nation fall to record lows.
Energy storage has become an everyday element of grid planning and energy network management – driven by technology advances, proven benefits, and steadily falling prices. As storage goes mainstream, it’s no longer unusual to see deployments in the tens of MWh. Although about 95 percent of operational storage in the U.S. is in the form of pumped hydro, which can store massive amounts of energy cheaply for days, virtually all of the remaining storage resources are lithium-ion batteries.

Electric robo-taxis are a real possibility. Trends in transportation, energy, and demographics indicate that future vehicles will operate autonomously, run on electricity rather than fossil fuels, and be shared instead of privately owned. But before everyone can carpool in self-driving electric cars, we need places to charge them.

California’s ambitious push for clean energy will be a tough lift for utilities and potentially their bondholders.
This week industry association Advanced Energy Economy (AEE) noted that while EV adoption is still small, its growth rate is accelerating. As a result of this accelerating growth rate, public utility commissions (PUCs) are finding EVs on the agenda at their meetings.
According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the expansion of renewable energy, such as solar and wind power.

“Smart technology is unlocking the 100 per cent renewables future,” said the boss of Wartsila Energy Solutions today.

It’s lighter, abundant and finally ready to take on Tesla. Hydrogen-powered vehicles are gearing up to challenge electric vehicles again in the race for mass-market clean cars. This week, a much larger group of companies signed on to a global coalition aimed at drumming up government support for the technology that Tesla Inc. Chief Executive Officer Elon Musk has derided as “ mind-bogglingly stupid” for cars. The firms also pledged to find a cleaner way to produce the gas.
On the premise that the nations of the world are not doing enough to meet the goals of the 2015 Paris Climate Agreement, Governor Jerry Brown, New York City’s former Mayor Michael Bloomberg and other dignitaries convened a high-profile international gathering in San Francisco September 12-14 to inspire more ambitious action and showcase successful efforts.

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