Tinental’s Post

19% more sounds quite achievable. I mean if it were 190% or 1900% that could seem insurmountable. But finding 19% more funding to 2050 to deliver clean energy as a prerequisite for a stronger global economy, greater human wellbeing and preservation of nature seems like a damn good investment, whatever the ‘trillions’ number is. #energytransition

While energy demand across the U.S. continues to grow, the levelized cost of electricity (LCOE) for solar has undergone a dramatic decline, falling a whopping 90% since 2010! Solar is no longer just a solution to achieve sustainability goals and combat climate change, but a tool to generate long-term economic savings for commercial and industrial companies that support their bottom line. Read the latest reported data from the International Renewable Energy Agency (IRENA) here: https://lnkd.in/emc_HbJ7 Image courtesy of IRENA's latest Renewable Power Generation Costs report.

Last April, I missed an interesting report from the International Energy Agency (IEA) about « Batteries and Secure Energy Transitions ». According to this report, batteries play a key role in securing the energy transition and are essential to achieving the commitments made by almost 200 countries at COP28, aimed at moving away from fossil fuels and tripling global renewables energy capacity by 2030. The IEA provides an in-depth and relevant analysis of the industrial and economic role of batteries in the electricity system. I hope it could usefully contribute to the ongoing debates all over the world. #energytransition

Renewable energy sources generated 33% of Australia’s total electricity demand in 2022-23. That’s more electricity than total household use. Explore energy data supporting Australia’s net zero transition in our recent article: https://nuvi.me/gmvs1p

How can batteries support the energy transition? The International Energy Agency (IEA) predicts that to triple global renewable energy capacity by 2030 in line with targets set at COP28, 1 500 GW of energy storage, of which 1 200 GW will be from batteries, is required. Batteries are integral to a smooth energy transition because they act as energy storage systems. They can store surplus electricity when generation exceeds demand and release it when demand surpasses generation. This is important as electric grids transition from relying on fossil fuels to renewable energy because they ensure a stable supply of electricity to the grid when demand exceeds supply or if there is a grid fault. There has been a lot to celebrate about batteries recently: ✅Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up demand ✅In less than 15 years, battery costs have fallen by more than 90%, one of the fastest declines ever seen in clean energy technologies ✅When used in decentralised solutions, like solar home systems and mini-grids, batteries can improve electric access in emerging and developing countries What's next for batteries? Lithium-ion batteries are currently the most common batteries, but keep an eye out for news about sodium-ion batteries which could be the next big thing: 🔋Sodium-ion batteries are made up of far more abundant materials, giving them the potential to be cheaper in the long term, 🔋Have a quicker charging time than lithium-ion batteries, 🔋And boast over three times the lifespan of lithium-ion batteries #EnergyTransition #Batteries #ClimateTech

🔍 Curious about how the grid ensures energy stability amidst the rise of renewables? 🕵️♂️ Enter the #CapacityMarket, the system that keeps power flowing, rain or shine! ⚡️ Why it matters: Capacity Markets are like backup generators for the grid. They incentivize energy providers to maintain reserve capacity, ensuring we have power even during peak demand or when renewable sources like solar and wind take a break. 🏗 How it works: Think of it as a safety net — energy suppliers get paid not just for the electricity they produce but also for their readiness to supply energy when it's needed most. 💡 With innovations like cross-border platforms and smarter systems, the future of Capacity Markets is shaping a more resilient and sustainable energy landscape. 🌿 Ready to dive deeper into how Capacity Markets empower the grid of tomorrow? Let’s dive in!: https://lnkd.in/gf_n46cY #EnergyTransition #CapacityMarkets #GridStability #Renewables

#Renewable energy is USD 3 Trillion opportunity for the world... Dominance of fossil fuel to end by 2030...as per reports renewable will have 50% of share in electricity genreation globally...

How do you think rapid clean energy adoption will impact global economic stability? Please head over to Clean Energy and let us know in the comments. #cleanenergy #cleantechnologies #solar #wind #netzero