Though PV will remain in the shadow of wind and hydropower in the north of Europe, an ambitious solar deployment scenario in Sweden could lift the market into the gigawatt club through to 2040.

Analyst Globaldata says falling system prices, and the need for more resilient grids and favorable policies, continue to fire the energy storage industry around the globe and the Asia-Pacific region is likely to remain the biggest market.

The energy transition does not only change electricity generation, but ideally also how we consume. Electricity markets in Europe, however, must deal with legacy regulations that fail to incentivize ideal consumption patterns to reduce curtailment and make the best possible use of the renewable energy assets we have. The result is towering bills for ancillary services, that could easily be avoided with a few regulatory tweaks and virtual power plants.

The asset manager has seen good returns on the 70 MW it has already acquired. Despite the U.K. government cutting subsidies for renewable energy, the fund manager believes the country will be a high growth market for storage.

The utility claims that current market conditions are not ideal for the project, which has been under consideration since 2012. The power station was meant to replace existing lignite capacity, and according to RWE, it would have been more efficient. The company says that it will refrain from making further investments in coal capacity while increasing its focus on renewable energy and storage.

The first part of the project will see the company connect a 25 MW PV station to a carbon ferrochrome smelter in the free zone. Several more plants could follow, ranging in size from 10 MW to 40 MW.

Scatec Solar continued to grow in the first quarter of the year, with a global pipeline of 4 GW and more capacity under construction than in operation. The company expanded slightly less than it did in the preceding quarter, but EBITDA and revenue still grew threefold year on year.

The “next-generation” utility has presented a micro-grid at a Togolese village. The concept can be reproduced and power schools, small businesses and homes alike. Even an internet connection is part of the project. Despite the World Bank and other institutions reaching out to provide capital for electricity supply, Germany-based Mobisol GmbH is currently in self-administered insolvency proceedings.

While Ford is known in the United States for its gas-guzzling pickup trucks, the vehicle manufacturer cannot circumvent the global trend towards e-mobility. The market for large electric pickup trucks could be there as Canada dashed ahead with a federal EV sales target, that aspires 100% EV sales in 2040.

As Volodymyr Zelensky celebrates his victory in the Ukrainian presidential elections, stakeholders in the country remain uncertain about his intentions in the renewable energy space. With installation figures above 1 GW in the last 12 months, the market is hot — but for how much longer?