Antonio Fumero’s Post

🎆 The International Energy Agency (IEA) stresses a six-fold increase in battery storage to meet COP28 targets. Battery costs dropped 90% in 15 years, with a 130% increase in rollout last year, boosting global capacity by 42 GW. Usage in the energy sector quadrupled to 2,400 GWh in 2023. Despite cost declines and rising demand, a rapid expansion is needed by 2030. Policy changes are recommended to facilitate utility-scale storage access to energy markets and address double taxation. 🔄 Moreover, they also point out that improving recycling rates is crucial to stabilize the supply chain and reduce reliance on raw materials. Solar PV and batteries are becoming competitive with coal and gas-fired power, marking a significant shift in energy dynamics. Read more about the interesting battery energy storage! #batterystorage #renewableenergy #energystorage #sustainability #cleanenergy #cleanglobestaffing

It’s all about #batteries now. Good read in the FT. Quote: “The International Energy Agency said this week that the “rapid expansion” of batteries would be critical to meeting the energy goals set at COP28. It found that growth in batteries outpaced almost all other clean energy technologies in 2023, with 42 gigawatts added to electricity supplies around the world thanks to falling costs, better technology and supportive industrial policies. Battery costs have fallen by more than 90 per cent over the past 15 years, one of the fastest declines ever seen in clean energy technologies, the IEA said.” Mind you, as BHP’s bid for Anglo American shows, it’s also about #copper to connect them all together. ( https://lnkd.in/gR5B4JAC) #renewables #towardszero

Global energy consumption is expected to increase by 25 per cent by 2030, and 50 per cent by 2050. Meeting this demand sustainably will be a huge challenge. Even today, nearly 10 per cent of the world’s population (about 775 million people) lack access to the most basic form of electricity. Recognising that energy is not just a commodity, but the foundation for social development, economic growth and prosperity, is the key to solving the energy trilemma. To this end, we must focus on energy resilience, and avoid dependencies on one or a small number of fuels, technologies or countries for our energy supply. The world must also face the inevitable truth that fossil fuels will continue to play an important role for the foreseeable future. With roughly one-sixth of the world's power generation based on our technologies and a footprint that spans the conventional, renewable, and alternative energy sectors, Siemens Energy is uniquely positioned to help accelerate global decarbonisation. Here are four principles that we believe are critical to driving a just energy transition: 1. Leveraging natural gas as a crucial fuel 2. Embracing hydrogen and derivative e-Fuels 3. Modernising existing infrastructure 4. Decarbonising heat More about please read the article below! #siemensenergy International Renewable Energy Agency (IRENA) Siemens Energy Karim Amin https://lnkd.in/eHuKkCtc

The industrial sector is the largest source of global #emissions today, and the heat that powers industrial processes is the main emissions culprit. It doesn't have to be that way. Read pv magazine Global's latest article to learn how the electrification of industrial heat with renewable generation is one of the most effective ways to bend the curve toward net zero and why #thermal batteries can unlock the #power of renewables for industrial stakeholders.

As the transition to sustainable energy progresses, reliance on intermittent, unpredictable sources like sun and wind continuously increases while the predictable generation of fossil-based electricity is faded out. Though occurring statistically only once or twice per year, these changes in the electricity generation lead to dark and windless periods – in German referred to as the ‘Dunkelflaute’ – sometimes lasting several days. The question to be answered is how such periods can be managed to ensure the availability of sufficient electrical energy at any time and at the lowest possible costs. Now, the Elestor B.V. battery is proving to be the ideal solution to reliable and efficient energy storage in the transition to green energy. Click the link below to find out more. ⬇ #Energy #Battery #Technology #EnergyStorage https://bit.ly/3OOkr2L

April 25, 2024 - BY: JACK QUINN - E&E News, "The International Energy Agency said global storage needs to increase 25 percent annually this decade to avoid grid bottlenecks. ---- ENERGYWIRE | Global #batterystorage capacity needs to increase dramatically by the end of the decade to support renewables and avoid grid bottlenecks, according to a new report from the International Energy Agency. The report Thursday (https://lnkd.in/ewe8c4cP) found that if the world triples renewable energy from current levels by 2030 — as was agreed at the COP28 climate conference in Dubai last December — #batterycapacity would need to increase sixfold and reach 1,200 GW by the same year. The report “sets out the role that batteries can play alongside renewables as a competitive, secure and sustainable alternative to electricity generation from fossil fuels — while also underpinning the decarbonization of road transport,” IEA said in a press release. “The electricity and transport sectors are two key pillars for bringing down emissions quickly,” said IEA executive director Fatih Birol in a statement. “#Batteries will provide the foundations in both areas, playing an invaluable role in scaling up renewables and electrifying transport while delivering secure and #sustainableenergy for businesses and households.” Under conservative projections of #renewableenergy adoption, the world will still face challenges in finding adequate battery storage to fortify grids by the end of the decade, IEA said. Under baseline policy targets — which don’t account for future initiatives or subsidies that might speed the implementation of #cleanenergy technologies — global energy storage capacity will need to grow by at least 25% each year from now until 2030 to avoid grid bottlenecks, the report said. The challenge will be made easier, the report found, if lithium-ion battery prices remain low and bidirectional charging becomes more widespread. Bidirectional charging allows EVs to essentially act as a battery by storing power during times of high grid demand. “Promoting smart charging will be vital to integrate rising numbers of EVs into power systems and reduce the need for grid reinforcements,” IEA researchers wrote. Reaching 1,200 GW of global battery capacity by 2030 “will require action from policy makers and industry,” the report said. The IEA researchers linked the issue to energy security, mentioning countries with high net fossil fuel imports like China, India, Japan and South Korea as top targets for the expansion of battery storage. It's unclear how close the globe may get to tripling global renewable capacity by 2030 from current levels. The target would require a sharp uptick in the rate of investment in new clean energy projects, according to a separate analysis released by IEA in January. Grid battery storage, meanwhile, has witnessed rapid growth in recent years, with capacity growing more than 130% in 2023..." #climateadaptation #energytransition

https://lnkd.in/etEn9sd9 another day, another myth buster. This time the transition to a low carbon energy system. Technology now means renewables are the cheapest form of new energy amd we need to to build them into the system, and the opportunities to further benefit from abundant energy will develop...

The energy transition towards net zero requires a major transformation of the global energy system and needs to overcome five key gaps: the energy generation gap, the grid gap (e.g. tripling the rate of investment into transmission and distribution systems), the storage gap, the conversion gap (e.g. from electricity to hydrogen), the critical minerals gap and - last not least, the funding gap. Read more in about promising solutions for an orderly transition in "Bridging the gaps" https://lnkd.in/ezDhcP7J

💠 Six technologies powering the #cleanenergy #transition according to Asian Development Bank (ADB)👇 Key takeaways: 💥 An estimated 97% of all electric vehicles worldwide are in Asia and the Pacific – most of which are two- or three-wheeled vehicles. 💥 Approximately 80% of greenhouse gas emissions from the transport sector - come from freight movement, primarily in the maritime sector. 💥 Most of the world’s hydrogen is currently produced using natural gas or coal. So to be an effective decarbonization tool, hydrogen must be “green” — extracted from water using electricity from renewable energy sources. 💥 The building and construction sectors emit about 38% of global greenhouse gas emissions. 💥 Battery energy storage systems are essential to the energy transition. They store solar and wind power for later dispatch to meet peak load demand. 💥 Southeast Asia has enormous potential to localize battery manufacturing. 💥 There is a projected 30% growth in global lithium-ion battery demand in the next five to seven years – and 90% of the demand is for vehicle electrification. #smartgrid #batteries #electricvehicles #greenhydrogen #greenbuilding #electriccooking