Opinion & Analysis

Gerard Reid, co-founder of corporate finance advisory Alexa Capital, considers whether the EU is up to the task of dealing with the twin threats of the energy crisis and the pull of a revitalized US clean power industry.

With electric vehicle (EV) adoption set to turbocharge demand for rare earth elements in Canada and the US this decade, attempts are being made to loosen the region’s dependence on China for the sourcing and processing of such critically important energy transition materials.

Pumped hydro energy storage can be readily scaled to any required storage capacity at a known and affordable cost.

Solar module prices continued to fall in January, and there is no end in sight. The main drivers impacting prices are lower shipping rates from China and the further recovery of the euro-US dollar exchange rate. Martin Schachinger, of pvXchange, expects other effects, such as slowly falling energy costs or polysilicon and wafer prices – which are in freefall – to further strengthen the trend in the coming months.

The Africa Solar Industry Association (AFSIA) has identified the top five solar markets in Africa. Its latest report also looks at the most notable large-scale projects across the continent.

Tony Danker, head of the Confederation of British Industry, in January warned the UK is at risk of squandering the vast economic opportunities available to nations investing in the energy transition. Christophe Williams, CEO of solar thermal company Naked Energy agrees, and here spells out some of the urgent actions Rishi Sunak’s government must take to place solar thermal – and PV – at the heart of a green revolution.

A new report by IEA-PVPS Task 16 looks at the use of “implicit storage” to transform intermittent renewable sources such as solar and wind into firm power generation. It shows that the total cost of the electricity system transformation could be lowered with the optimal use of capacity overbuilding and dynamic curtailment.

Finnish startup Sensmet Oy says it has attained the lithium manufacturing ‘Holy Grail’ of real-time, continuous monitoring of the battery raw material. This would potentially unlock big savings in time and money.

The new EU Batteries Regulation is a blueprint for product legislation, regulating the whole life cycle of batteries in the European Union. Advanced rechargeable and lithium batteries association Recharge says successful implementation of the new regulation requires the prioritization of safety, information reliability, feasibility, market surveillance, and enforcement.

The deployment of a vanadium flow battery at a fire station run by Native Americans illustrates the role that the energy storage technology can play in ensuring that nobody is disadvantaged by the shift away from fossil fuels.