Fourth Partner Energy’s Post

🔥 Thermal storage are competitive alternatives to lithium-ion batteries for long-duration energy storage (LDES) - According to a Bloomberg BNEF study the thermal storage solutions offer lower average capital expenditures per kWh: Thermal energy storage at USD 232 per kWh, below lithium-ion systems' average capex in 2023 - Cost reduction of long-duration energy #storage technologies depends on deployment expansion and market development 🌍 - China leads in cost-effectiveness due to its greater adoption of these technologies; US and Europe have an opportunity to drive innovation and investment - If you need to asses the potential of thermal storage as a cost-effective solution for sustainable energy storage reach us at FersiSolar S.L. ! 💡 #Renewables #Thermalstorage #CST ★ Toni Fersini

⭐ Energy Enthusiasts: Here's your Weekly Dose of Insights! ⭐ 🔋 Fun Fact: Did you know that the world's largest Solar power plant, the Bhadla Solar Park in India, covers more than 14,000 acres and has a capacity of 2.23 GW? That's enough to power millions of Homes! 📈 Key Insights: 1️⃣ Global Energy Trends: Renewable now account for nearly 30% of the gloabl electricity, with solar and wind leading the charge. In 2028, RE Sources accounts for 42% of global energy, with the wind and solar PV share making upto 25%, and hydropower remains the largest energy source. 2️⃣ Energy Storage: Advance in battery technology is set to revolutionize how we store and user energy. Lithium-ion batteries are getting cheaper and more efficient, making renewable energy more reliable. 3️⃣ Carbon Capture: Innovative CCS (Carbon Capture & Storage) technology are helping to reduce emissions from industrial processes and energy production. 4️⃣ Smart Grids: integration of Smart grid technology is improving energy efficiency and reliability. it allows for better demand response and integration of renewable sources. Websites to Follow: - International Energy Agency(IEA) - Renewable Energy World - Energy.gov - GreenTech Media #Energy #RenewableEnergy #SmartGrid #Solarpower #CarbonCapture

@EnergyNewsPro - Around the world, the boom in #renewable energies can lead to an increase in negative price hours on the #electricity market,.This has occured in France and other markets. The new challenges of balancing the grid... #energy #power #renewables #prospectresources.

The next decade will see accelerated growth of the #power storage sector, with the rising adoption of #renewables. Grid stabilisation will be the main reason for power storage uptake, alongside falling project costs. Learn more: https://ow.ly/QGfZ50SmeV9 #ConnectedThinking #PowerStorage #EnergyTransition #BESS

The RISE in multi-hour storage ⌚. Q1 of 2024 has come and gone and new storage trends are here, set to evolve energy storage as we know it. The potential of multi-hour storage such as 3, 4 and 5 hours could experience significant growth and assume an important role on the grid for years to come. By developing and deploying greater storage will in turn bolster the reliability and economic viability of extended-duration energy storage solutions. Subscribe to our blogs for the latest news and more ESS trends: https://bit.ly/43rlPME #TrinaStorage #BatteryEnergyStorage #EnergyStorage #IndustryTrends #Renewables

Low tilt angles ideal for regions with high summer load demand #Energy #GreenTech #Power #CleanEnergy #EnergyTransition #Renewables #RenewableEnergy #GreenEnergy #SolarEnergy #SolarPower #SolarPV #SolarPanels #SolarModules #SolarTech #Photovoltaics via pv magazine Global

The acceleration of battery systems from "nice to have" support technology to a primary solution for renewable energy storage is remarkable. Consider these statistics from a recent Economist article (linked below): 🔋 In 2023, 90GW of battery storage was installed around the world. That alone doubled the amount installed in 2022 and will accelerate again in 2024. 📉 High demand and economies of scale have seen lithium battery prices drop by approximately 40% over the past five years. 🔮 Bain & Company forecasts the market for grid-scale #BESS has growth potential from $15 billion last year to as much as $3 trillion by 2040. 📊 Where gigawatts of storage are currently being added, estimates from the International Energy Agency (IEA) suggest that the sector must accelerate to terawatts of new battery storage by 2030 to meet demand. Battery-tied solutions are changing the landscape of everything from EV charging and independent homes to grid-scale support and storage. Where do you see the most potential for batteries over the next five years? #batterystorage #renewables

@EnergyNewsPro - Around the world, the boom in #renewable energies can lead to an increase in negative price hours on the #electricity market,.This has occured in France and other markets. The new challenges of balancing the grid... #energy #power #renewables #prospectresources.

Leadership is the capacity to translate vision into reality

Climate targets need to be achieved and loads need a reliable and affordable energy supply. To achieve these goals, energy must be generated even more efficiently and sustainably. From wind energy to photovoltaics or hydrogen to conventional power plants, we offer you solutions for efficient automation: https://bit.ly/3XBio6d #beckhoff #automation #renewables #energymanagement #sustainability #efficiency