Just over three terawatts will be installed by 2040. Coal generation will remain largely flat, however. Gas generation capacity will rise, making CO2-emissions reduction unattainable under current projection scenarios.

Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.

With hundreds of homes and businesses having received solar-plus-storage systems and monitoring equipment, an algorithm is managing a market for flexibility and capacity in Cornwall. Homeowners with storage can place bids to sell energy from their systems to the distribution system owner on an intraday basis.

The company says its network is the largest fleet of batteries under virtual power plant management worldwide.

Corporations in the auto industry, battery manufacturing and mining have joined forces to establish reliable due diligence reporting on raw minerals. Volvo will be among the first to move on the issue by putting its cobalt supply chain under scrutiny early next year.

A new application for ABB’s ‘Ability’ digital platform enables industrial customers to avoid peak charges without using of battery storage. The Swiss corporation has developed two apps for its energy management software with the help of an artificial intelligence specialist.

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions for now.

The Asian Development Bank has signed off a grant for the South Pacific island nation to move on its plans to be 100% renewable by 2025.

Floating PV installations in Asia may be much larger but the trend is catching on in the EU and, pending a supportive regulatory environment and incentives, the technology could offer several dozen gigawatts of generation capacity in Europe.