Global Scans · Energy Tech · Weekly Summary

• [New] The project with the EDF Group consortium seeks to produce approximately 178,000 tpa of green hydrogen by 2030, using around 4.5 gigawatts of wind and solar energy coupled with battery storage and an estimated 2.5 GW electrolyser. Gulf Business
• [New] The Global Renewables and Energy Efficiency pledge is intended to support the tripling of renewable energy capacity globally and double the global average annual rate of energy efficiency improvements by 2030. Clifford Chance
• [New] Recognising the climate urgency a growing list of countries and other stakeholders have called for a COP pledge on tripling renewable energy capacity and doubling energy efficiency by 2030. Forum for the Future
• [New] Sodium-ion batteries provide less than 10% of EV batteries to 2030 and make up a growing share of the batteries used for energy storage because they use less expensive materials and do not use lithium, resulting in production costs that can be 30% less than LFP batteries. IEA
• [New] To facilitate the rapid uptake of new solar PV and wind, global energy storage capacity increases to 1500 GW by 2030 in the NZE Scenario, which meets the Paris Agreement target of limiting global average temperature increases to 1.5 °C or less in 2100. IEA
• [New] To meet the 2030 targets for cutting emissions, the world will need to stop deforestation, stop any new fossil fuel development, double energy efficiency, and triple renewable energy. Vox
• [New] A combination of energy efficiency, electrification, and renewables can potentially achieve 70% of the emissions mitigation needed to limit the rise in average global temperature by 2050 to 1.5 C above pre-industrial levels. pv magazine International
• [New] To meet the UK's carbon reduction targets, the energy system will undergo substantial change, from major wind, solar and energy storage projects down to heating and transport for individual households. Regen
• In 2024, equipment deliveries and revenue recognition in Energy will be tilted towards the second half of the year, both in engine power plants and ES & O. Wartsila
• One of the ways to improve energy efficiency is to tap the huge potential for efficiency gains in the building sector which is the largest single energy consumer in Europe, absorbing 40% of final energy. IEA
• Sleepeezee, a UK bed manufacturer that built a reputation for its use of pocket spring interior mattresses, capitalised on the opportunities created when using finance to improve energy efficiency. Treasury Today
• The newly released Lenovo Wanquan Heterogeneous Intelligent Computing Platform will provide arithmetic power through intelligent matching, improve efficiency based on core algorithms, and realize green arithmetic power through liquid-cooling technology innovation. Lenovo Inc.
• To realize carbon neutrality before 2060, China will have to dramatically boost its energy utilization efficiency, diversify the use of energy sources, improve operation efficiency, and implement carbon capture and storage technologies. PubMed Central (PMC)
• The integration of AI could transform energy grids into intelligent networks that optimize energy flow and distribution, drastically reducing waste and increasing the overall stability of energy systems worldwide. IPS Inter Press Service Business
• Today's announcement will invest billions to ensure that affordable housing across the U.S. can access solar and increase energy efficiency and climate resilience. US EPA
• The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people. World Bank
• We still have to store energy, and we need to take note of the importance of energy storage, but just creating interconnectors across Europe will create a massive advantage. Romania Insider
• Solar power is the fastest growing energy source in the U.S. and projected, along with battery storage, to make up 81% of generating capacity in 2024. The Colorado Sun
• The rise in EV battery manufacturing, supported by key players like Ola, Reliance New Energy and ACC Energy Storage, alongside the Make in India initiative, will lower manufacturing costs and boost EV sales. counterpoint
• Public procurement of new generation capacity: As it currently stands new public procurements are expected on 2.6 GW of solar PV, 3.2 GW of wind power and 3.7 GWh of battery energy storage systems by 2030. GreenCape
• 35% of new jobs could be created through energy efficiency measures and another 25% in power systems, particularly in wind, solar and modernising and strengthening electricity grids. IEA
• Statera Energy has secured planning consent from East Devon District Council for a 290 MW battery energy storage scheme of up to 6 hours duration connected directly to Exeter substation which could instantaneously power over 650,000 homes. Statera Energy

Last updated: 05 May 2024