Tripling Renewables Investment to Reach Climate Goal

Global renewable energy investment increased between 2013 and 2018, reaching its peak at USD 351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).” The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a …

Latin America’s Energy Community Underlines Link Between Energy Transformation and Prosperity

High-level energy and climate decision makers from Latin America and the Caribbean underlined the importance of low-carbon energy policy to securing stable, long-term prosperity across regional economies, during a webinar co-hosted by the International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE). The virtual meeting entitled Accelerating …

Verkor, Europe’s New Battery Cell Producer, Begins Its Industrial Journey

Verkor, a French industrial company, is set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and the GROUPE IDEC. The new venture will accelerate the production capacity of low-carbon batteries in southern Europe to meet growing demand for electric vehicles and stationary storage. …

Can Electricity Decarbonize the Energy Sector?

The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the demand to “electrify everything” grows, the carbon footprint associated with every step of the electricity generation process must be …

Panasonic Is Building a Comprehensive Energy Management System for Homeowners

Panasonic’s batteries underpin the electric vehicle revolution as we know it today, thanks to an early partnership to supply its 18650 lithium-ion cells from Japan to Tesla for its Model S and X vehicles. More recently, Panasonic’s new 2170 cells built at Tesla’s Gigafactory 1 outside Sparks, Nevada are now …

Battery Storage Paves Way for a Renewable-Powered Future

Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in the …

Tidal Energy Firm Makes Waves with Tesla Battery Storage

Nova Innovation claims it has developed the world’s first grid-connected baseload tidal power station. Scottish cleantech firm Nova Innovation is using Tesla batteries with its tidal energy technology to deliver what it claims is the world’s first grid-connected baseload tidal power station. Since October, the company’s Tidal Energy Storage System (TESS) demonstrator is …