Kyoto Group AS’ Post

Energy resiliency as an interesting 'side benefit' of the transition to renewable energy. From the IEA's new Energy Technology Perspectives report: "In the coming years, rising trade in clean energy goods and lower fossil fuel trade could boost energy resilience. A single journey by a large container ship filled with solar PV modules can provide the means to generate the same amount of electricity as the natural gas from more than 50 large LNG tankers or the coal from more than 100 large bulk ships." https://lnkd.in/dxKn8qNK

Based on today’s policy settings, the global market for the top six mass-manufactured clean energy technologies (solar PV, wind turbines, electric cars, batteries, electrolysers and heat pumps) is set to rise from $700 billion in 2023 to more than $2 trillion by 2035 – close to the value of the world’s crude oil market in recent years. This year's Energy Technology Perspectives report provides a deep dive into the current state of clean energy manufacturing and trade and how they are expected to evolve. To explore the full report : https://lnkd.in/egEdkN6Y

Here's a sum to wrap your head around this morning. According to the International Energy Agency, one shipment of solar PV is worth more💲to the grid than 10 ships of coal. ☀ > ⚫ ⚫⚫⚫⚫⚫ ⚫⚫⚫⚫ Economically – as well as rationally and morally – fossil fuels are losing the race. #netzero #renewables #renewableenergy https://lnkd.in/gvcXSRk5

The energy transition is on! Boom time beckons for EVs, solar PV and wind. Solar PV, wind, electric vehicles (EVs), batteries, electrolysers and heat pumps manufacturing is set to rival petroleum New report from IEA advises “the market for these clean technologies is set to nearly triple by 2035 to more than USD 2 trillion. This is close to the average value of the global crude oil market in recent years.” With renewable power set on such a positive trajectory it will be incredibly interesting to see how this impacts the longterm investment trends in the petroleum industry.

It has been released the Energy Technology Perspectives 2024, which maps out the current state of clean energy manufacturing and trade and how they are expected to evolve over time. Two Key points: - the global market for the top six mass-manufactured clean energy technologies (solar PV, wind turbines, electric cars, batteries, electrolysers and heat pumps) is set to rise from $700 billion in 2023 to more than $2 trillion by 2035 – close to the value of the world’s crude oil market in recent years. - Global trade in these clean technologies is also expected to rise sharply. In a decade's time, it more than triples to reach $575 billion, more than 50% larger than the global trade in natural gas today. https://lnkd.in/dJ4X9fXZ #energy #renewable #IEA #globalmarket #technology International Energy Agency (IEA)

Lots of great information on the new energy economy published by IEA. Here are a few of the highlights. The market for clean technologies is set to nearly triple by 2035 to more than $2T, closing in on the value of the global crude oil market. Global investment in clean tech manufacturing increased 50% in 2023, reaching $235B. 4/5th of that went to solar PV and batteries. China is the cheapest location for manufacturing key clean energy technologies. It costs up to 40% more to produce solar PV modules, wind turbines, and battery tech in the US, up to 45% more in the EU, and up to 25% more in India. It will be interesting to see what the winner of the upcoming Presidential election does to current and future policy support for US clean tech manufacturing. Without support, it's hard to see how we can compete. https://lnkd.in/gG4dApVq

With the net-zero trend in focus, energy issues are driving Delta’s growth. The 2024 Energy Taiwan & Net-Zero Taiwan exhibition and the new Delta Net Zero Science Lab have drawn significant attention. In this issue of “Delta Insights,” we interview EISBG General Manager Eton Lee who shares his energy market observations, strategic plans, and over 30 years of experience at Delta.

Interesting Monday morning read on clean tech manufacturing from International Energy Agency (IEA): China still dominating but the lead is slipping, and the IRA is having an impact. An exciting time to be in the #renewables space — we should see increased rates of American-made renewables components as public and private funds continue to flow. #solar #wind #cleantech #energy https://lnkd.in/ekRFC3EX

Some urgent work on industrial policy and competitiveness for the new EU Commission, also beyond 'clean tech' manufacturing: According to IEA..."China is currently the cheapest location for manufacturing the key clean energy technologies considered in this report, without taking into account explicit financial support from governments. It costs up to 40% more on average to produce solar PV modules, wind turbines and battery technologies in the United States, up to 45% more in the European Union, and up to 25% more in India."  https://lnkd.in/eynvsTnB

The energy industry is witnessing a groundbreaking transformation with the potential of sodium-ion batteries taking center stage. A recent Stanford study highlights their promise as a viable alternative to lithium-ion batteries, reflecting their potential as a key asset in future energy storage solutions. Despite their lower energy density compared to lithium-ion batteries, the cost-effectiveness and abundant materials used in sodium-ion battery production present a strong case for their industrial adoption. However, the study outlines the need for several breakthroughs to fully unleash their potential for commercial scalability. This marks a step forward in diversifying energy storage technologies, contributing to grid resilience and sustainability goals worldwide. With expanding focus on research and development in such innovative storage solutions, the journey towards cleaner, more affordable energy is accelerating. The discussion around energy innovation holds immense significance as industries globally work to optimize energy efficiency and strengthen renewable integration. As technologies continue to break new ground, could sodium-ion batteries lead the next wave of energy evolution? The progress observed today hints at what could emerge as the pillars of tomorrow's energy solutions.