Don't believe the clean energy transition is happening? Here's some proof points!
Canary Media Inc. chart of the week showed the US setting a new record with $71B in clean energy investment. The market has shown that it knows clean energy is a solid investment. In the first quarter of this year, private investors poured 40% more money into clean energy and electric vehicles than they did in Q1 2023.
https://lnkd.in/egSGFKK5pv magazine USA covered the 71% increase in solar module manufacturing capacity to 11 GW in Q1 of 2024, with annual capacity now expected to exceed 26 GW.
https://lnkd.in/e-exRVnzPV Tech covered the record breaking installation capacity of 11.8GWdc solar capacity in Q1
https://lnkd.in/enftqW7e
If you were active in the African solar sector before the COVID-19 pandemic, you have likely installed an Outback, Xantrex/Schneider, or Magnum inverter, Deka from MKBattery, and/or Rolls batteries charged by Morningstar Controllers. Those products have paved the way for the industry to become what it is today. Installed by the best installers in Africa, most of that legacy equipment is still in operation, thanks to the support of our friends from the solar industry pioneers like Surrette Battery, East Pen Manufacturing, Morningstar Corporation, Outback Power, and Magnum Energy.
If you know someone who might be ready to upgrade their backup system, we would like to play a role in merging the glory of the past with the dreams of the future. Let’s upgrade their systems using bigger and smarter components.
MK BatteryRolls Battery EngineeringSchneider Electric Solar & StorageAfrican EnergyPatrick NduwimanaMorningstar Corporation
A new report from Aquaicity examines the need for long-duration electricity storage (LDES). This report, commissioned by Drax, highlights the critical role of Cruachan Power Station in the UK’s energy system. 🗞️
Key takeaways from the report below. ⬇️
💡 As we move towards a more electrified economy and a greater reliance on renewable energy, the demand for electricity storage will continue to rise to ensure system operability and security.
💧 Pumped storage is the only mature long-duration electricity storage (LDES) technology currently deployed on the UK energy system and there is policy backing for new capacity.
🛠️ Drax’s Cruachan Power Station in Scotland is one of just four pumped storage plants in the UK and we have exciting plans to expand it.
🌍 We have secured planning consent from the Scottish Government for a 600MW expansion of the power station, which would more than double the site’s total generation capacity. Plus, we have begun an £80 million upgrade of the existing power station.
⚡ These exciting plans are a building block in our target to deliver post 2027 EBITDA of £250m from FlexGen & Energy Solutions.
Find out more via the report, linked in the comments. 👇
It’s vital that Department for Energy Security and Net Zero moves forward on long-duration electricity storage policy development as soon as possible. This will allow firms to make final investment decisions which will align construction schedules with government climate and clean energy targets. Additional electricity storage is not just a ‘nice to have’, it is an essential component of a net zero electricity grid.
A new report from Aquaicity examines the need for long-duration electricity storage (LDES). This report, commissioned by Drax, highlights the critical role of Cruachan Power Station in the UK’s energy system. 🗞️
Key takeaways from the report below. ⬇️
💡 As we move towards a more electrified economy and a greater reliance on renewable energy, the demand for electricity storage will continue to rise to ensure system operability and security.
💧 Pumped storage is the only mature long-duration electricity storage (LDES) technology currently deployed on the UK energy system and there is policy backing for new capacity.
🛠️ Drax’s Cruachan Power Station in Scotland is one of just four pumped storage plants in the UK and we have exciting plans to expand it.
🌍 We have secured planning consent from the Scottish Government for a 600MW expansion of the power station, which would more than double the site’s total generation capacity. Plus, we have begun an £80 million upgrade of the existing power station.
⚡ These exciting plans are a building block in our target to deliver post 2027 EBITDA of £250m from FlexGen & Energy Solutions.
Find out more via the report, linked in the comments. 👇
🚀 Tune In to Our Quarterly Webinar on June 23! 🚀
Join us live on Sunday, June 23 at 4 PM for a comprehensive session on newly announced policies, Employers Amnesty, and NHT’s new Solar Energy benefits. Ensure you’re up to date with these important changes!
Our experts will guide you through the updates, explain the Employers Amnesty, and discuss NHT’s new Solar Energy benefits. Tune in to gain the clarity you need.
📢 Sign up for the webinar at the link in our bio! 🔗 See you there! 📌
I'm confident in Risen Energy's strong position in the solar industry. We recently signed a major 1GW HJT contract, expanded our HJT capacity by 2.4GW, and secured significant projects, solidifying our market presence.
* Risen Energy is heavily invested in R&D, ensuring we remain at the forefront of solar technology. We've achieved a leading position in HJT technology, with shipments exceeding 4GW.
* I'm optimistic about Risen Energy's future. Our recent achievements position us well for continued success in the growing solar market.