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Asia’s record Gas prices expose the need for faster market reform

February 2, 2021 by Jean-Baptiste Dubreuil and Gergely Molnar

After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure that’s essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Asia, China, gas, India, infrastructure, Japan, Korea, LNG, markets, prices, Singapore

Battery innovation must drive the 50-fold increase in storage capacity needed by 2040

November 6, 2020 by IEA

The IEA has set the storage sector a challenge. It says the world will need 10,000 GW-hours of batteries and other forms of energy storage by 2040, a 50-fold increase on today. The good news is that a joint study by the European Patent Office and the IEA reveals electricity storage patenting activity has grown 14% a year over the past decade. Here the IEA summarises the findings of its comprehensive report. It explains that Japan and Korea lead, … [Read more...]

Filed Under: Energy, Storage Tagged With: batteries, China, electricity, EU, EVs, innovation, Japan, Korea, solar, storage, US, wind

2019’s grid storage additions fell for the first time since 2013. Why?

June 9, 2020 by IEA

Globally, new installations of grid storage fell year-on-year in 2019 for the first time since 2013. This IEA summary of the landscape is taken from its latest series of Tracking Clean Energy Progress reports. The IEA’s recommendations reflect the fact that grid storage is new and complex, needing changes to existing regulations and market rules that are unviable in the age of transition. The policy goal is to monetise the value of storage in … [Read more...]

Filed Under: Energy, Storage Tagged With: australia, batteries, China, flexibility, grids, Japan, Korea, markets, policies, storage, UK, US

Most read this week

  • Make Hydrogen in developing nations: share prosperity while meeting our climate goals by Dolf Gielen | posted on January 26, 2023
  • Wind and Solar generated record 20% of EU electricity in 2022. More than gas, nuclear, hydro, coal by Daisy Dunne | posted on February 3, 2023
  • Can new cheap, frequent “laser” monitoring of critical components extend Nuclear plant lifetimes by decades? by David Chandler | posted on February 1, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM) by Joseph Majkut | posted on January 30, 2023
  • Steel decarbonisation: Australia must stop making excuses and follow Europe’s lead by Simon Nicholas | posted on February 2, 2023
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors by Simon Göss | posted on January 16, 2023
  • Biofuel is approaching a feedstock crunch. How bad? And what must be done? by IEA | posted on January 23, 2023
  • Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR by Dennis Wamsted | posted on January 27, 2023
  • Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks by James Kim | posted on January 31, 2023
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world by Christoph Gatzen | posted on January 25, 2023
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • EVs vs Biofuels: new study looks at ethanol’s impact on agricultural land use, food prices, emissions by Josh Gabbatiss | posted on July 21, 2022

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        Recent Posts

        Wind and Solar generated record 20% of EU electricity in 2022. More than gas, nuclear, hydro, coal

        Steel decarbonisation: Australia must stop making excuses and follow Europe’s lead

        Can new cheap, frequent “laser” monitoring of critical components extend Nuclear plant lifetimes by decades?

        Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks

        The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)

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