Energy Tech

• [New] The rise of cognitive computing, AI, and data analytics in IoT technology is anticipated to create new opportunities for the global IoT in energy market.
• [New] Mortgage lenders' propositions could include either installing fast chargers as part of the home move, or partnerships with utility companies like Octopus Energy, whose scheme uses electric vehicles as storage to offset energy bills.
• [New] Whether China can flatten its carbon emissions in the next decade remains to be seen, and its goal of carbon neutrality by 2060 depends heavily on increasing reliance on renewable energy and nuclear power, as well as major technological advances in areas such as carbon capture-and-storage.
• [New] Artificial intelligence, improved data analytics, energy grids, new methods for delivering and managing energy storage and delivery could make energy systems around the world cleaner, more efficient and lead to significant productivity gains in the energy sector itself.
• [New] Industrial energy efficiency improvement can save around 250 million tonnes of India's emissions by 2050, and would come at very low cost.
• [New] Americans may exaggerate the benevolent nature of US hegemony, but its geographic distance from others and relatively benign intentions made its position of primacy more acceptable to many other states than the overall distribution of power might suggest.
• [New] Another key point from Battery Day is that once Tesla achieves a 3 TWh battery production capability, it will change the entire face of the energy and power delivery system.
• [New] Biden's clean electricity standard for the power sector, which will force all U.S. electricity to be carbon-free by 2035, will require huge private investment - in solar, wind, storage, hydro, and nuclear.
• [New] Between new electric vehicle charging stations, new transmission lines, more renewable energy capacity, grid resiliency initiatives and more funding for energy storage and clean tech R&D, the American Jobs Plan covers a sprawling web of initiatives that support electric vehicle makers and EV owners.
• [New] World's wealthiest nations will need 2,594 GW of energy storage and 933 GW of flexible gas power capacity capable of running on future fuels.
• [New] If the UK is to align its energy sector with its net-zero target, domestic capacity for energy storage and other assets that enable flexibility will need to grow to 49.5GW this decade.
• [New] Energy storage demand is expected to grow to 50 GWh of cumulative installed capacity in Europe by 2035, with 22 GWh in residential and 23 GWh in utility-scale energy storage, while the commercial and industrial sector only requires 4 GWh.
• [New] Passing a national renewable portfolio standard that increases the use of carbon neutral energy and promotes energy efficiency, with the goal of producing 50% carbon neutral energy by 2030 and 100% by 2050.
• [New] Electric vehicles (EV) are forecast to account for 56% of all passenger vehicle sales, and over 30% of the global passenger vehicle fleet, by 2040, while renewable energy is expected to be the fastest-growing energy source in the next 20 years.
• [New] The funding, being delivered by Alberta Innovates, will be given to technologies that help reduce methane emissions and improve industrial energy efficiency.
• [New] In total around $1 trillion could be spent on infrastructure projects like the construction and improvement of roads, bridges, rail lines, ports and electric vehicle charging stations.
• Based on projected power and energy capacity capital costs for 2050, hydrogen storage with up to 2 weeks of discharge duration is expected to be cost-effective in future power systems.
• Spending $15 billion in demonstration projects that will be key for tackling climate, like utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations and floating offshore wind.
• Australian invented solar thermal technologies will be trialled as part of a US government funded demonstration project that is aiming to slash the costs of energy storage and the production of zero-emissions heat for industrial applications.
• CAD 25 million will support off-grid communities to develop renewable energy projects and transition away from diesel.
• In a recent survey, 54% of businesses stated their intention to use Edge Computing applications for energy management within three years, with organizations also expecting Edge Computing to decrease their annual power consumption up to 11.5% within five years.

Last updated: 11 April 2021