The pace of innovation in the European energy sector is stepping up. “Energy is no longer seen as a commodity that simply needs to be there. It is perceived as a challenge for which solutions need to be found”, says Elena Bou, Innovation Director of KIC InnoEnergy, a top European company in the field of sustainable energy innovation, in an interview with Energy Post. According to Bou, successful innovation begins with “asking the right … [Read more...]
Energy storage: stormy growth but no one-size-fits-all solution
The debate over which energy storage technology will prove to be the best in the long-term is misguided, argues Chris Dalby of Oilprice.com. There will be no one-size-fits-all winner. He discusses some of the latest developments in energy storage, which show that different situations will lead to different solutions. … [Read more...]
IEA: Solar costs heading to 4c/kWh, rooftop solar “unbeatable”
The traditionally conservative International Energy Agency (IEA) predicts the cost of solar energy will fall to around 4c/kWh in coming decades as the sun becomes the largest source of power generation across the world. The latest “Solar Roadmap” published by the IEA on Monday shows that the speed with which solar is reaching “socket parity” has taken the world by surprise, writes Giles Parkinson of Reneweconomy.com.au. … [Read more...]
World’s largest cleantech investor unveils strategy
Cheng Kin Ming, whose recent investments in solar companies are estimated to be worth nearly $20 billion – making him the world’s largest private investor in clean technologies – has unveiled his vision for the Age of Green Cities at The Next Generation Solar PV Finance event in New York. He spoke publicly for the first time about his strategy to accelerate the world’s transition to green cities. His approach is to identify the world’s best, … [Read more...]
IEA: Solar energy could be the largest source of electricity by mid-century, if …
The sun could be the world’s largest source of electricity by 2050, ahead of fossil fuels, wind, hydro and nuclear, according to a pair of reports issued today by the International Energy Agency (IEA). The two IEA technology roadmaps show how solar photovoltaic (PV) systems could generate up to 16% of the world’s electricity by 2050 while solar thermal electricity (STE) from concentrating solar power (CSP) plants could provide an additional 11%. … [Read more...]
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