Aquila Clean Energy APAC’s Post

Next-generation energy storage market update: The global market is set to soar to $255.37 billion by 2024, boasting a 9.0% compound annual growth rate. This growth is underpinned by battery technology advancements, rising renewable energy integration, and supportive government initiatives like the U.S. Inflation Reduction Act and the EU's REPowerEU plan. By 2024, Asia Pacific, led by China, is primed to lead the market, with countries such as Japan, India, South Korea, and Australia heavily investing in grid stability and renewable energy. Major industry players like Samsung, LG Chem, and ABB are spearheading innovation and forming strategic partnerships to broaden their market footprint. The energy storage sector received a substantial financial boost, with global investments hitting $36 billion in 2023, marking a 76% surge from the previous year. This market evolution plays a vital role in bolstering grid capabilities and facilitating the global shift towards sustainable energy systems. #EnergyStorage #RenewableEnergy #MarketGrowth #Sustainability #Innovation For more detailed insights, delve into the full reports: Report 1, Report 2, and Report 3. [Report 1](https://lnkd.in/g8E-U6Z5), [Report 2](https://lnkd.in/gYnvCmnV), and [Report 3](https://lnkd.in/g47gexV6).

📈 European Battery Storage Market Surges Ahead! 🌍 According to SolarPower Europe, the EU installed an impressive 17.2 GWh of new battery storage systems (BESS) in 2023, marking a 94% increase from 2022. Germany led the way, capturing a 34% market share with a remarkable deployment of 5.9 GWh, up 152% from the previous year. The rapid growth in battery storage is crucial for the future of renewable energy in Europe. As illustrated in the graph, the market is set to expand significantly, ensuring a cleaner and more sustainable energy future. With the anticipated increase in demand for BESS in the coming years, optimizing battery performance is essential for maximizing the benefits and sustainability of these systems. At reLi, our innovative software enhances battery system profitability and longevity through advanced analytics and lifetime optimization. By optimizing battery operations, we help ensure your energy storage investments deliver the best possible returns. #EnergyStorage #RenewableEnergy #reLiEnergy

A new report from the International Energy Agency (IEA) highlights a significant surge in global investment in clean energy technology manufacturing, reaching $200 billion in 2023. This investment, particularly in solar PV and batteries, is not only meeting essential targets for a net-zero pathway but also driving economic growth and creating new job opportunities worldwide. #CleanEnergy #EconomicGrowth #SolarPower #BatteryTech #SustainableDevelopment

Clean energy is growing rapidly, as annual deployment of a number of key technologies has accelerated in recent years driven by policy support and continued cost declines. From 2019 to 2023, clean energy investment increased nearly 50%, reaching USD 1.8 trillion in 2023 and growing at around 10% per year across this period. The clean energy economy is a major industrial sector and an important contributor to the global economy. However, its benefits remain too concentrated with most of clean energy deployment occurring in China and advanced economies. This new report, The Clean Energy Market Monitor, aims to fill a gap by providing a timely, concise and up-to-date overview of clean energy deployment for 2023 for a selected group of technologies. #renewableenergy #cleanenergy #solarenergy #fossilfuels

The German home energy storage market is booming, with growth driven by renewable energy adoption and supportive policies. By 2024, approximately 2 million households are expected to use storage systems, supported by declining battery costs and government incentives (Research Markets) (Clean Energy Wire). In 2025, Germany will maintain its market dominance, driven by continued policy support and the economic benefits of solar+storage systems. The market is projected to grow substantially, with significant advancements in battery technology and further cost reductions expected (PV Magazine) (BloombergNEF). Despite challenges like supply chain constraints, Germany's leadership in Europe's energy transition will ensure robust growth in the home energy storage sector. #ESS

📅 On October 29, Linyang Energy officially released its Q3 2024 report! The report highlights that the company’ s three major business segments continue to advance steadily, achieving revenue of 5.17 billion yuan($723.53 million) in the first three quarters, representing a year-on-year increase of approximately 8.76%. The net profit attributable to shareholders reached 910 million yuan($127.45 million), reflecting an increase of 6.95%. In Q3 alone, the company generated revenue of 1.70 billion yuan($238.38 million), a growth of 10.63%, with a net profit of 312 million yuan($43.70 million), marking a year-on-year increase of 15.41%. The basic earnings per share stood at 0.16 yuan($0.02). 📈 From an asset perspective, the total assets at the end of the reporting period amounted to 24.52 billion yuan($3.43 billion). In terms of cash flow, the net cash flow from operating activities was 625 million yuan($87.54 million), with cash received from the sale of goods and services totaling 5.55 billion yuan($777.31 million). (For more details, please visit the Shanghai Stock Exchange official website.) This year, Linyang Energy has been deepening its engagement in international markets, with rapid global business development. 🌎 Moving forward, Linyang Energy will continue to uphold its operational philosophy of “Market First, Customer-Centric, and Innovative Development,” accelerating the growth of its renewable energy and energy storage businesses. We are committed to promoting the efficient utilization of social resources and green, low-carbon development, striving to become a leading provider of products and operational services in the global smart grid, renewable energy, and energy storage sectors. 🔋 ⚡ *All figures in the post are based on the closing exchange rate as of October 30, 2024. #energy #renewables #energystorage #smartgrid #smartmeter #ESG #lowcarbon #photovoltaic #solarpanel #Q3report

In one of their latest report, the #IEA highlights a surge in investment in clean energy technology manufacturing, with solar PV and batteries leading the charge. With solar PV capacity already meeting 2030 targets and battery manufacturing close behind, it's clear that clean energy transitions are gaining momentum! This report underscores the importance of aligning industrial strategies with clean energy goals, offering valuable insights for policymakers worldwide. In particular, it is highlighted that governments should also collaborate internationally, which in turn enhances opportunities for domestic investment and global progress by: - Collecting data and track progress, including on the trade and production of clean technologies and their components. - Co-ordinating efforts across supply chains to enhance resilience by sharing experiences and collaborating. - Identifying and build strategic partnerships, backed by clear frameworks for co-operation. Check it out at https://lnkd.in/d_suwNz6 #CleanEnergy #EconomicGrowth #SustainableFuture

The global energy storage system market is projected to grow from $198.8 billion in 2022 to $329.1 billion by 2032, with a CAGR of 5.2%. This growth is driven by the integration of renewable energy, regulatory support, decentralization trends, and the development of microgrids. Energy storage systems are essential for capturing excess energy during peak production and releasing it when demand is high, ensuring a reliable and stable energy supply. Asia-Pacific led the market in 2022, driven by energy demand, renewable deployment, supportive policies, and technological advancements. The region is expected to maintain its dominance and exhibit the highest growth rate. The future of the energy storage system market looks promising, playing a crucial role in renewable energy integration, grid stability, and the growth of the EV industry. At ZED, we are at the forefront of this energy revolution. PowerCap Energy Sodium-ion Energy Storage Systems are designed to maximise sustainability, efficiency and reliability, supporting the transition to sustainable energy. We are committed to pioneering advancements that align with the projected market growth and meet the evolving needs of the industry. Source: Allied Market Research 🔗 https://loom.ly/-sdjFZY #EnergyStorage #RenewableEnergy #Sustainability #Innovation #ZED #globalenergy #renewableenergy #highgrowth #energystorage #storagesystem #storagesystems #energysupply #asiapacific #energydemand #growthrate #gridstability #energystoragesystem #attheforefront #storage #growth #decentralization #trend #development

#WeekendReading sorted! Two blockbuster updates on Australia's #energytransition were released this week. Firstly, Clean Energy Council published its annual market update, highlighting that #renewables now account for almost 40% of Australia's electricity generation. Some 5.9GW of new renewable energy capacity joined the grid in 2023 (up 18% YOY), which included 3.1GW of #rooftopsolar -- the second highest rate of installation in Australian history. So ignore doom-mongering in the mainstream media: the #energytransition is proceeding apace, notwithstanding some very real challenges ahead. The real story of the year is the rapid increase in #energystorage, with $4.9bn worth of storage projects reaching final investment decision -- a mammoth 158% increase on the year prior. But obstacles remain preventing faster #investment in the storage capacity we need, particularly medium-duration energy storage and #LDES. The challenges of financing storage are explained in lucid detail in new research from Clean Energy Investor Group, undertaken by Nexa Advisory and Baringa. The report contains plenty of rich detail to explore ... but I don't want to 'wreck your weekend' with spoilers! Time to put on the kettle... ☕ Kane Thornton Anna Freeman Josef Tadich Tristan Edis Allison Hawke Stephanie Bashir Jacqui Fenwick Simon Corbell

🌍 Global Energy Investment hits new heights in 2024! 👉 The International Energy Agency (IEA)'s World Energy Investment 2024 report reveals that global energy investment will exceed $3 trillion for the first time, with $2 trillion directed towards clean energy technologies and infrastructure. 👉 Investment in solar PV surpasses all other generation technologies, reaching over $500 billion. This surge is driven by falling costs and technological advancements, making solar power a cornerstone of the global energy transition. 👉 Despite the positive trends, regional disparities remain a challenge. Emerging markets outside China account for only 15% of global clean energy spending, indicating a need for more equitable distribution of investments. 👉 Spending on grids and storage is expected to hit $400 billion in 2024, addressing the critical bottleneck in renewable energy integration and enhancing energy reliability. 👉 Energy investment decisions are primarily driven and financed by the private sector, yet governments play essential direct and indirect roles in shaping capital flows. This collaboration is vital for the continued growth and stability of clean energy investments worldwide. 🔗 To see the full report, visit: https://lnkd.in/dt-4nU_u #CleanEnergy #SustainableDevelopment #RenewableEnergy #EnergyInvestment #SolarEnergy #GridTechnology