AMS Renewable Energy’s Post

The rapid pace of the energy transition demands constant evolution to stay ahead. This catalyses innovation; new ideas, fresh technology and no shortage of problem solving.💡🧠☀️ One solution stands out: batteries🔋 They’re key to making today’s grid more flexible, enabling greater renewable integration and reducing price fluctuations. This, in turn, supports a more stable investment environment ensuring quality projects can offer secure sources of domestic energy and help avoid price spikes.    Lightsource bp’s first energy storage project was connected to the UK grid in early 2024, and our teams around the world are progressing more opportunities that will allow us to fully unlock the potential of our solar power pipeline as economies seek competitive solutions to navigate the energy transition.      Find out how we’re using storage to advance a flexible, renewable future here: https://lnkd.in/eNBJwzUr #WeAreLightsourcebp #EnergyStorage #EnergyTransition #Energy #SolarEnergy

🌞 Solar Power Innovations: Shaping the Future of Renewable Energy 🌍 In the ever-evolving landscape of renewable energy, solar power technology is making significant strides. One of the most exciting developments is the advent of perovskite solar cells. These cells promise higher efficiency rates and lower production costs compared to traditional silicon-based cells. This breakthrough could revolutionise the solar industry by making solar energy more accessible and affordable for everyone. Another game-changer is the integration of solar power with energy storage systems. Innovations in battery technology, such as lithium-sulphur and solid-state batteries, are enabling more efficient storage of solar energy. This means that solar power can now provide a reliable energy source even when the sun isn't shining. For businesses and households alike, this translates to greater energy independence and stability. At UPP, we recognise the importance of these advancements. Our expertise in the utility and power markets allows us to identify leaders who can navigate these technological shifts and drive growth. As the world increasingly turns to renewable energy, our commitment remains steadfast: to connect top-tier talent with organisations poised to lead the future of energy. 🔋 #SolarInnovation #RenewableEnergy #FutureOfPower

Securing Europe’s Energy Transition: The Imperative to Safeguard the Inverter Manufacturing Sector Amid Global Challenges Europe’s inverter manufacturing sector, a cornerstone of the continent’s solar supply chain, is at a crossroads as it grapples with global manufacturing overcapacity and a slowdown in rooftop photovoltaic (PV) markets in key European regions. Once a leader, producing over 80 GW of inverter capacity in 2023—primarily string inverters suited for residential and small-scale commercial applications—the sector’s stability is now under threat. Industry experts underscore the pivotal role of inverters in Europe’s energy transition. As essential components of solar energy systems, inverters connect solar output to grids, batteries, and other clean energy technologies. Their importance is only expected to grow […] Read the full story here: https://lnkd.in/gwsFeNdw #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #energygoals #energytransition #europe #renewableenergy #solarinverter

Thank you Gavin Mooney for highlighting the exponential change happening. “Every dollar in wind and solar PV now yields 2.5x more energy output than a dollar spent on these technologies a decade ago.” “The world now invests almost twice as much in clean energy as it does in fossil fuels. Just 5 years ago levels of investment were on par with each other.” “…investments coming from private households has doubled, from 9% in 2015 to 18% today.” To me this shows that we as individual adopters are starting to make the difference. And like climbing a hill, and leveling out on the summit, the hard work is done. It is economically the best option to go solar+battery, whether you are a homeowner, or a power plant owner. This next stage is about distribution. If utilities are unable to balance their lower cost wholesale power with a lower user base from partial or full grid defection from behind the meter solar and flexible load and batteries, then electricity rates will rise too quickly allowing over the road, energy as a service providers to usurp the remaining customer base. For example I can pay $0.30 / kWh for 10,000 kWh to my utility per year. $3,000. OR I can have solar + battery + smart load for $0.15 / kWh for 8,000 costing $1,200 per year and have $1,800 in the budget for the last 2,000 kWh or $0.90 / kWh. Companies like SparkCharge and Charge Fairy already delivery electricity to parked EVs for around $0.60 / kWh. This means with vehicle to home charging, with backup over the road electricity energy distribution, it is already cost effective to fully grid defect. So unless utilities start monetizing prosumers as virtual power plants, they will lose all their customers to off grid solar microgrids and over the road energy distribution. The final solution will look something like this: 1) substations with battery storage and district geothermal heat pumps, able to manage solar surges during the day and fully utilize dynamically rated transmission wires based on their temperature. 2) Parking lots filled with bidirectional wireless charging spots, actively bidding energy prices for their batteries with state of charge and price set points. 3) Homes and businesses actively managing load and storage as dynamic pricing (both sale and purchase) talks to their energy management system. At this point we won’t have traditional front of the meter power plants. We will have solar on rooftops, on balconies, over parking lots, and on vertical fencing and sound barriers. Utilities will make their money as a currency exchange, trading kWh between homes and buisnesses and converting to BTUs when grid capacity is maxed out. Grid development will be funded solely on reducing over the road congestion of battery vehicles and trailers, amortizing infrastructure costs over increased kWh. But until then, load defection will continue with private solar systems, and load management with batteries and smart learning controls.

This should be a no-brainer if it were not for vested interests and their gaslighting! Just look at #SouthAustralia for practical examples rather than rhetoric based on speculation and further gaslighting.

The rapid growth of renewable energy is creating massive opportunities for electric vehicles and energy storage to provide grid flexibility. EV charging could account for up to 20% of electricity demand by 2040 in some countries. However, EVs are currently only utilized for charging ~3 hours out of every 12 plugged in. This represents an enormous flexibility opportunity.  In parallel, the global energy storage market is exploding - growing nearly 3x in 2023 to 96 GWh deployed. Annual storage additions are projected to reach 445 GWh by 2030, vastly outpacing solar and wind market growth. Driving this are targeted policies like the IRA in the US, co-location mandates in China, and emerging support across Europe, Australia, and Asia.  As EVs and renewables continue skyrocketing, intelligently integrating smart EV charging and energy storage will be crucial for affordably balancing grids. At ZEROVA, we're actively deploying scalable energy storage solutions to create a resilient, flexible charging infrastructure. Learn more about our projects here: https://lnkd.in/dy6Ca4N4 #ZEROVA #BloombergNEF #EnergyStorageSystem

The integration of intermittent renewable energy sources, such as solar and wind, is driving up retail electricity prices in the U.S. due to the need for investments in grid stability and backup systems. These costs are passed on to consumers rather than affecting the economics of renewable projects directly. Regional differences in price increases are influenced by interconnection costs, capacity factors and policy initiatives aimed at expanding renewables. • Northeast states show steady price increases; Texas and North Carolina have more gradual rises, with California falling in between. • Rising costs are linked to regional challenges and the variability of renewable energy output. • Policy efforts to expand renewable energy contribute to higher electricity prices as the grid adapts to a more complex energy mix. Keep up to date with our latest thoughts and analysis on the most challenging problems facing the energy industry by subscribing to Energy Transition Today. https://lnkd.in/gWdkUpTS For more up-to-date commentary like this, follow our Enverus Intelligence page. #energytransition #renewables #gridstability #energymix

The International Energy Agency (IEA) projects a landmark $500 billion investment in solar photovoltaics for 2024, outpacing all other electricity generation sources combined. This is a testament to solar's leading role in the global energy transition! Key Insights: 🔸Record Investment: Solar PV investment will surpass $500 billion this year, marking a historic high. 🔸Global Spending Surge: Total energy investment is set to exceed $3 trillion, with $2 trillion directed toward clean energy technologies. 🔸Efficiency Boost: Each dollar spent on wind and solar now yields 2.5 times more energy output than a decade ago. With falling solar panel prices and a surge in private household investments, the renewable energy sector continues to thrive. Global PV investment to surpass $500 billion in 2024: https://lnkd.in/gesPYe57 #SolarEnergy #RenewableEnergy #Investment #CleanTech #Sustainability

The integration of intermittent renewable energy sources, such as solar and wind, is driving up retail electricity prices in the U.S. due to the need for investments in grid stability and backup systems. These costs are passed on to consumers rather than affecting the economics of renewable projects directly. Regional differences in price increases are influenced by interconnection costs, capacity factors and policy initiatives aimed at expanding renewables. • Northeast states show steady price increases; Texas and North Carolina have more gradual rises, with California falling in between. • Rising costs are linked to regional challenges and the variability of renewable energy output. • Policy efforts to expand renewable energy contribute to higher electricity prices as the grid adapts to a more complex energy mix. Keep up to date with our latest thoughts and analysis on the most challenging problems facing the energy industry by subscribing to Energy Transition Today. (https://lnkd.in/gWdkUpTS) #energytransition #renewables #gridstability #energymix

Europe Powers its Future ☀️ with Solar Inverters! As the world embraces renewable energy, solar inverters are playing a pivotal role in driving the green energy transition. With supportive government policies and growing investments in solar energy, the European solar inverter market is poised for significant growth. The market is projected to reach a value of USD 3.66 billion by 2029, growing at a CAGR of 5.06%. Harness the power of the sun and build a sustainable future together! Learn more at https://shorturl.at/U8ZBw Major Players: Siemens | Schneider Electric Industrial Services | FIMER S.p.A. | Mitsubishi Electric Information Network Corporation | GE #solarenergy #renewableenergy #sustainability #solarinverters #markettrends #mordorintelligence #europe #energyandpower