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𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝘁𝗼𝗿𝗮𝗴𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗻𝗲𝘅𝘁 𝘁𝗼 𝘄𝗶𝗻𝗱𝗳𝗮𝗿𝗺𝘀 𝗰𝘂𝘁𝘀 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗰𝗼𝘀𝘁𝘀 𝗮𝗻𝗱 𝗯𝗼𝗼𝘀𝘁𝘀 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 - RenewableUK Media Release A new report by RenewableUK shows that building more energy storage projects alongside onshore wind and solar farms reduces electricity system costs, benefitting billpayers in the long term. 🔌 🔋 These storage projects are also vital in providing flexibility in our clean energy system to ensure it continues to meet electricity demand at all times, especially as demand is set to grow with the take-up of technologies such as electric vehicles.  🚐 ⚡ The report, entitled “𝗠𝗮𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗼𝗳 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀: 𝘁𝗵𝗲 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗼𝗻𝘀𝗵𝗼𝗿𝗲 𝗰𝗼-𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗮𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗮𝗻 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝘆𝘀𝘁𝗲𝗺", sets out the case for reforming the planning system and introducing financial support mechanisms to encourage more battery storage and green hydrogen projects to “co-locate” at sites where clean electricity is generated throughout the UK. This means they could be built on wind and solar sites which already have planning permission and share existing grid connections rather than having to wait for years in a queue, saving time and money. ⌚ 💷 Read the full report in our press release below, alongside comment by the author, RenewableUK's Senior Policy Analyst Yonna Vitanova 👇 https://lnkd.in/ej5qJ9hm #report #storage #onshorewind #energystorage #energysecurity #electricvehicles

2023 marked a transformative year for renewable energy, with global capacity additions increasing nearly 50% to almost 510 GW, the fastest growth in two decades. This milestone marks the 22nd consecutive year of record-setting renewable capacity additions. Significant increases were seen in Europe, the US, and Brazil. Notably, solar PV accounted for three-quarters of the new capacity. China added as much solar PV capacity in 2023 as the world did in 2022 and achieved a 66% year-on-year increase in wind capacity. Source: International Energy Agency (IEA) Register to visit and join energy leaders and industry professionals in discussing key trends and challenges to deliver secure, sustainable, and affordable energy: bit.ly/4bekuO1 #WorldUtilitiesCongress #Power #Utilities #Energy #Renewable #Water #Sustainability

The International Renewable Energy Agency (IRENA), a leading global organisation dedicated to promoting the widespread adoption of renewable energy, has just released a new report on the latest global energy statistics. The report provides datasets on power generation capacity from 2014 to 2023, actual power generation from 2014 to 2022, and renewable energy balances for over 150 countries and regions for 2021-2022. Among other noteworthy statistics, it reveals that by the end of 2023, renewable energy capacity accounted for 3.9 TW, or 43%, of the 9.0 TW global total capacity, which includes non-renewables. This represents an unprecedented 14% increase from 2022. This is great news, however much more work still needs to take place to center community voices and benefits in all scales of renewable energy development and to rapidly reduce emissions to support a safer future for all. Read the full report | https://shorturl.at/9htHP #LeadOnClimate #ClimateActionNow #JustTransitionNow

The International Energy Agency forecasts a significant rise in global renewable energy capacity by 2030, potentially meeting nearly half of the world’s electricity needs. The report forecasts the addition of over 5,500 gigawatts (GW) of renewable energy capacity between 2024 and 2030. Solar power is set to drive this surge, accounting for 80% of the new capacity. The increase comes through the construction of large solar plants as well as more rooftop installations. Wind power is also expected to expand. China is likely to account for almost 60% of the world’s new renewable capacity by the end of the decade, with its share of global capacity increasing to nearly half. Sharing our news via #energylivenews . . . #greenenergy #moderndesign #sustainability #ecofriendly #globalpositivenews #news #solarenergy #solarpowered #positivenergy #positivity #fuelbynature

By the end of this decade, the world will have to pay to shut down large renewable energy production capacities, contrary to efforts to phase out fossil fuels more quickly, if countries do not improve their transport networks, for to better integrate the energy produced in photovoltaic and wind farms, reports Bloomberg.... #energynetworksneedmoreinvestmentsforexpansion #InternationalEnergyAgency(IEA) #KeisukeSadamori

As the shift from fossil-based to renewable energy sources like wind and solar continues, the demand for long-duration energy storage (LDES) to maintain reliable power systems is increasing. Despite its critical role, LDES lacks sufficient financial incentives for development, risking gaps in energy availability during peak times. This underinvestment could delay essential progress in energy transition efforts, highlighting the need for new market mechanisms that support LDES. #EnergyStorage #RenewableEnergy #CleanTech #Sustainability #EnergyTransition #LDES #InnovationInEnergy #EnvironmentalImpact https://lnkd.in/e9TnYC-R

𝐁𝐮𝐬𝐭𝐢𝐧𝐠 𝐜𝐨𝐦𝐦𝐨𝐧 𝐦𝐲𝐭𝐡𝐬 𝐚𝐛𝐨𝐮𝐭 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 Here are 3 very common myths about renewable energy that I come across in my day to day interactions with friends! 𝐌𝐲𝐭𝐡 #1: 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐢𝐬 𝐚 𝐩𝐫𝐨𝐛𝐥𝐞𝐦 𝐢𝐧 𝐦𝐨𝐬𝐭 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 No, 93% of the global population lives in countries that have a daily solar photovoltaic potential of 3 -5 kWh. What is essential is harnessing it in a cost effective manner and even more important to integrate it into a national energy system. 𝐌𝐲𝐭𝐡 #2: 𝐈𝐭 𝐢𝐬 𝐦𝐨𝐫𝐞 𝐞𝐱𝐩𝐞𝐧𝐬𝐢𝐯𝐞 𝐭𝐨 𝐬𝐞𝐭 𝐮𝐩 𝐚 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐩𝐨𝐰𝐞𝐫 𝐩𝐥𝐚𝐧𝐭 𝐭𝐡𝐚𝐧 𝐚 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐩𝐥𝐚𝐧𝐭 No, costs of solar plants in the US and EU are almost 8-10 times cheaper over the long term. In fact, in the summer of 2022, the EU saved $29 billion in fossil gas imports thanks to record generation of solar energy. In 2023, per Ember's Electricity Review, renewables comprised 44% share in the EU energy mix, with solar and wind leading the way at 27%. 𝐌𝐲𝐭𝐡 #3: 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐥𝐞 24/7 While renewable energy generation/production is naturally variable, this variation is predictable and different sources can be combined to form an effective and reliable energy system. #renewableenergy #cleanenergy

As the shift from fossil-based to renewable energy sources like wind and solar continues, the demand for long-duration energy storage (LDES) to maintain reliable power systems is increasing. Despite its critical role, LDES lacks sufficient financial incentives for development, risking gaps in energy availability during peak times. This underinvestment could delay essential progress in energy transition efforts, highlighting the need for new market mechanisms that support LDES. #EnergyStorage #RenewableEnergy #CleanTech #Sustainability #EnergyTransition #LDES #InnovationInEnergy #EnvironmentalImpact https://lnkd.in/enyciv4E

RenewableUK's Senior Policy Analyst and #energystorage specialist Yonna Vitanova has published a report “𝗠𝗮𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗼𝗳 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀: 𝘁𝗵𝗲 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗼𝗻𝘀𝗵𝗼𝗿𝗲 𝗰𝗼-𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗮𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗮𝗻 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝘆𝘀𝘁𝗲𝗺" 🔋 Co-locating solar projects with battery storage could reduce the cost of building and running battery projects by 50%. And cumulatively, research by The Carbon Trust suggests that enabling a more flexible energy system with storage would save the UK up to £16.7 billion a year by 2050 in electricity system costs, ultimately benefitting bill payers. 📉 RenewableUK’s #EnergyPulse database shows that at present only 12% of wind and solar farms throughout the UK are co-located with batteries or hydrogen electrolysers, but the report states that has the potential to surge in the years ahead to meet the expected increase in electricity demand if the right policy framework is put in place. 📑 Read the full report in the latest RenewableUK press release below: https://lnkd.in/ez3Hc-YA #report #storage #onshorewind #energystorage #energysecurity #electricvehicles

🌍 Since 2000, global renewable energy capacity has surged by 415%, achieving a remarkable CAGR of 7.4%. Despite this impressive growth, the U.S. and Europe lag behind in renewable capacity expansion. 📊 Dive into our latest infographic to see how different regions are driving the renewable energy revolution, based on the latest International Renewable Energy Agency (IRENA) data. https://loom.ly/a3BFa_Y #RenewableEnergy #Sustainability #CleanEnergy #ClimateAction #GlobalTrends