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Energy storage megashift ahead, battery costs set to fall 60% by 2020

August 28, 2015 by Sophie Vorrath 1 Comment

Energy storage megashift ahead, battery costs set to fall 60% by 2020

The key role energy storage will play in the electricity grids of the future – and the vital importance of investing in and testing the various emerging battery storage technologies – has been highlighted in a major report published by the Australian Renewable Energy Agency (ARENA). The report predicts a 40-60 per cent price plunge for certain battery technologies by 2020. Sophie Vorrath of Reneweconomy has the story. … [Read more...]

Filed Under: *, Energy, Innovations, Renewables Tagged With: electricity market, energy storage, energy transition, financing, renewables

Let’s not forget those fossil fuel subsidies

November 19, 2014 by Sophie Vorrath 1 Comment

Let’s not forget those fossil fuel subsidies

The IEA’s World Energy Outlook (WEO), published on 12 November, has – not for the first time – put the spotlight on the huge subsidies given worldwide for the use and production of fossil fuels. And these do not include other costs (e.g. the hundreds of billions in US military spending to garrison the Middle East) and externalities caused by our oil, gas and coal use. Sophie Vorrath of RenewEconomy presents the main figures from the WEO. … [Read more...]

Filed Under: *, Energy, Oil, Gas & Coal, Renewables Tagged With: biofuels, climate change, financing, natural gas, oil, renewables

HSBC: EU’s new climate policy unambitious, bad news for renewables

February 19, 2014 by Sophie Vorrath 2 Comments

HSBC: EU’s new climate policy unambitious, bad news for renewables

Europe’s climate policy proposals reflect the lowest level of ambition required to keep global warming at 2°C, while its goals on renewable energy are “disappointing” and bad news for the industry, according to a new report by banking giant HSBC. The report also sees “increasing downside risks” for offshore wind. Sophie Vorrath of Reneweconomy.com.au has the story. … [Read more...]

Filed Under: *, Climate policy, EU Policy, Renewables Tagged With: Energiewende, energy efficiency, EU energy policy, renewables, wind power

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