RK Logistics Group’s Post

Massive investment in solar power is transforming global energy markets, reducing costs and increasing production capacity.

IEA Report: Clean Energy Manufacturing Surge Propels Global Economy Forward – Solar PV Capacity Already Meets 2030 Targets, Batteries Close Behind with 90% Capacity Fulfilled #IEA #cleanenergy #manufacturing #solar #economy #business https://lnkd.in/dN74JA3A

Battery Energy Storage Systems (BESS) are a central component of the energy transition and offer various possibilities for grid stabilization and ancillary services. We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.  The two countries have the most grid-scale BESS online today on the continent, with the UK at 4GW/4.9GWh and Germany with 937MW/1,322MWh as of the end of 2023 as per figures published in our recent Energy Storage Report 2024. #bess #battery #batterytechnology #batterystorage #energytransition #decarbonization #climatechange #climateaction #energyinnovation https://lnkd.in/ejH6cSNf

In this blog post, we will explore the benefits of using lithium ion solar batteries to store and utilize solar energy more effectively. https://lnkd.in/dQwJ_n9F

Worth understanding. Here is a key extract from the executive summary if you are wondering what its all about: "The challenge ahead for grid-connected solar is to evolve beyond the margin and the context of underlying conventional generation management. The present report focuses on the challenge of displacement of the underlying conventional generation core by proposing to transform intermittent variable renewable energy (VRE) resources such as solar and wind1 into firm, i.e. effectively dispatchable power generation."

#energystorage is rapidly entering new markets and showing its values in multiple use cases. Amazingly it attracted the most investment of any renewable energy asset class according to this article. More amazing, this is still overwhelmingly dominated by batteries with durations of 4 hours or less. Get ready for #longdurationenergystorage! Photon Vault https://lnkd.in/ejzAdeSg

The global CarbonFree Thermal Energy Storage market was valued at US$ 36430 million in 2023 and is anticipated to reach US$ 61570 million by 2030 witnessing a CAGR of 8.6% during the forecast period 20242030. #CarbonFreeEnergy #ThermalStorage #RenewableEnergy #SustainableFuture #WindEnergy #SolarEnergy #EnergyEfficiency #GreenTechnology #ClimateAction #CleanEnergy

Our colleague Michiel Vriens wrote an article for the PFI yearbook focusing on the deployment of battery energy storage systems (BESS) across Europe.   The article sheds some light on the pivotal role batteries have in stabilising the grid to support the transition to renewable energy, leading BESS markets in Europe and how the surging pipelines will soon transform the revenue streams and business case for BESS.   Share your thoughts on this topic by commenting in the chat – we'd love to hear your perspective!   #energystorage #energytransition

Or how a renewable energy based system is inherently more resilient https://lnkd.in/d_pHypd6

'In a first-of-its-kind analysis from the IEA, “Advancing Clean Technology Manufacturing” finds that global investment in the manufacturing of five key clean energy technologies – solar, wind, batteries, electrolyzers, and heat pumps – rose to $200 billion in 2023, an increase of more than 70% from 2022 that accounted for around 4% of global GDP growth and nearly 10% of global investment growth.' https://lnkd.in/ex9eZR_y