With the most photovoltaic capacity of any country in Europe, Germany has begun to store its excess solar power to enhance local usage. Last year, 41% of all new solar installations were equipped with backup batteries, a world record. Although home storage may only have a limited role to play in Germany due to a highly reliable grid, globally the German initiative could provide great benefits, for example in counterbalancing the predicted … [Read more...]
Why both incumbents and disruptors are struggling in the new energy market
The energy world is changing fast. Investments into renewable energy are outpacing investments into conventional energy. The incumbents, unused to this pace of change and tied down by large asset bases and long-term investment strategies, are struggling. But they are not the only ones. The disruptors are also finding it difficult to build new energy businesses. In fact, many of the companies that will in the end be able to benefit from the energy … [Read more...]
Elena Bou, KIC InnoEnergy: “If we want our energy companies to succeed, we need one European market”
We are at the beginning of a new era of innovation in the European energy sector. Energy companies will be opening up to new collaborations, investing in startups, creating new technologies and developing new business models that will be much more service and customer oriented. That’s the conviction of Elena Bou, Innovation Director at KIC InnoEnergy, an EU-wide company investing in renewable energy technology. What worries Bou is the … [Read more...]
KIC InnoEnergy: “Solar PV will be one of lowest-cost electricity sources in Europe”
Solar photovoltaics (PV) will be one of the cheapest sources of electricity generation in Europe by 2030. That is a major conclusion that can be drawn from a report on future cost reductions in solar PV recently published by KIC InnoEnergy. … [Read more...]
The inexorable shift of the US power sector
The growth of renewable energy in the US is based on fundamental economic, environmental and security benefits that it provides, writes David Littell of the Regulatory Assistance Project. This is why the renewables train can’t be stopped anymore. … [Read more...]
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