Fastmarkets’ Post

According to recent reports from the International Energy Agency (IEA) and BloombergNEF, battery storage emerged as the top investment choice in the energy sector for 2023.    This outlook mirrors the trajectory of TROES. With a steadfast focus on comprehensive BESS solutions, TROES remains dedicated to advancing the transition towards sustainable energy. 

Thanks Avik Dey for joining us on #ARCEnergyIdeas pod: Includes AB #renewables & electricity redesign, on how investment in new #natural gas generation is not possible due to CND Clean Elect Reg (as 1st drafted), why they canceled the proposed $2.4 billion #CCS Genesee project, and the economic opportunity #AI could bring to Alberta #abpoli #cndpoli #energytransition

According to reports from the International Energy Agency (IEA) and BloombergNEF, battery storage emerged as the leading investment destination in the energy sector in 2023.    BloombergNEF forecasts a 60% jump in global deployments in 2024, reaching approximately 67GW/155GWh, with a projected compound annual growth rate (CAGR) of 21% until the end of the decade.     Falling costs of grid-scale battery energy storage systems (BESS) is a key driver of industry growth, with a 43% decrease in average costs observed in China by February 2024. Lithium iron phosphate (LFP) technology is expected to dominate the stationary BESS market, with nickel manganese cobalt (NMC) systems declining to just 1% of the global market by the decade's end.      This forecast aligns well with the trajectory of TROES, a North American advanced Battery Energy Storage Systems (BESS) provider using LFP-based technology. With a focus on comprehensive BESS solutions, TROES remains committed to driving the transition towards sustainable energy.    Connect with us to learn more about our cutting-edge BESS technologies: https://lnkd.in/eVha5MrP   Read Article: https://lnkd.in/gWMGah7B   #BatteryEnergyStorage #EnergySolutions #IndustryNews #EnergyTechnology

#Silver is on the rise, tracking closely behind #gold. As it surpasses key resistance levels, industry experts anticipate a potential rally toward historic highs. This upward trend is driven by robust demand in electronics and renewable energy sectors. 📈🔋🔧 Read the full article: https://lnkd.in/dBmZC8DD #NEWP #NUAGTO

💻 UPCOMING WEBINAR 💻   Join our upcoming webinar with John Ciampaglia, CFA, FCSI of Sprott on why copper matters in the new energy landscape.   REGISTER: https://lnkd.in/edwgaqUA   📅 06.02.24 ⏰ 14:00 UK Time   Discussion points: 📌 The role of copper in electricity grids, electricity vehicles and renewable energy technologies 📌 The current demand-supply imbalance for copper in different net-zero scenarios 📌 How to gain pureplay exposure to copper demand   HANetf   #ETFs #Copper

Registration is open for Competitive Energy Services’ free online energy market seminar, titled “Energy & Renewables in Focus: Continued Price Stability or a Return to Volatility?”, which will be held on Wednesday, June 12 from Noon – 1:00 p.m. (including Q&A). After three years of extreme volatility in energy markets, commodities prices have broadly stabilized for the near term. Will energy markets remain stable between the historic lows seen during the pandemic and historic highs seen in 2022, or will we see more price volatility? Lower inflation, strong domestic energy production and the addition of low-cost renewables is helping to keep prices low. Adverse weather conditions, escalating geopolitical tensions, and soaring shipping costs are among risk factors to keep an eye on.     CES Energy experts will be on hand that day to cover top-of-mind energy topics, including: 💡 Commodities Markets – a review of energy commodities markets including future outlooks. 💡 A Fresh Look at the Demand Picture – looking out to projected electric load through 2030 and beyond. 💡 Understanding the Current Renewables Landscape – the headwinds and tailwinds facing renewable energy development over the coming decade and impact on consumers. Register today by clicking on the link below: https://lnkd.in/eq-AumB Photo by: Savushkin #CompetitiveEnergyServices #Sustainability #EnergyConsulting #Oil #NaturalGas #RenewableEnergy #Solar #Electricity #CESMarketSummary #CESInsider #CESInsights #Energy #EnergyMarkets #Commodities

Copper, often called "the red metal," is becoming increasingly vital due to its essential role in modern technologies and the global shift towards green energy. Electric vehicles (EVs) are a significant driver of copper demand, with each EV using approximately 83 kilograms of copper—more than double the amount used in conventional vehicles. Global EV sales are projected to reach 40 million units by 2030. Additionally, renewable energy systems such as wind turbines and solar panels are copper-intensive, with a typical wind turbine containing up to 4.7 metric tones of copper. The International Energy Agency (IEA) forecasts a 60% increase in renewable energy capacity by 2026. Copper supply faces challenges due to limited new mining projects and geopolitical risks in top-producing countries like Chile and Peru. Rising costs for labor and energy are also impacting mining operations. Despite recent price fluctuations, long-term demand for copper is expected to grow from 28 million metric tonnes in 2023 to 39 million by 2035, driven by the energy transition and technological advancements.  #copper #EV #renewableenergy #greenenergy #infrastructure #energytransition #commoditiesmarket Source: IBD

🌍 Global Copper Demand Set to Double by 2050 Copper is key to powering the future, from electric vehicles to renewable energy. This infographic from Visual Capitalist highlights how demand is expected to double by 2050. BHP has emphasized the critical role copper plays in supporting the global energy transition—can the industry meet this rising need sustainably? #CopperDemand #Sustainability #MiningIndustry #GreenEnergy #Atlantech

Top Countries by Fossil Fuel Consumption in 2023. Fossil fuel consumption reached new record highs in 2023, driven by increased coal and oil use in China, despite the global boom in renewable energy. Together, gas, oil, and coal accounted for 81.5% of the global energy mix last year, slightly down from 82% in 2022. This graphic shows the top 12 countries by fossil fuel consumption in 2023. Data is from the Energy Institute, 2024 Statistical Review of World Energy, released in June 2024. Source: https://lnkd.in/dbBQaGKH