Energy storage market to grow to USD250 billion by 2040
This is the forecast in Bloomberg New Energy Finances New Energy Outlook 2016 report, which expects to see the price for energy storage systems significantly drop, as batteries will help to wean power dependency away from large-scale fossil fuel plants.
EPFL achieves 19.6% perovskite efficiency using vacuum coating
Switzerland’s Ecole Polytechnique Fédérale de Lausanne (EPFL) has used vacuum coating to deposit and grow a perovskite semiconductor layer, resulting in a 19.6% efficient cell. Researchers have applied a mild vacuum for 20 seconds to achieve the result, which is a low-temperature process.
North American solar investors concerned about H2 oversupply
Deutsche Bank released some market analysis, addressing the concerns of North American solar investors, who fear a potential PV oversupply is on the horizon, changes to net metering policies, and rising Chinese competition.
Solar boat attempting to cross the Atlantic
The Solar Voyager, built by two friends in their spare time, is an autonomous boat that is attempting to be the very first to cross any ocean using solely solar power, as it travels slowly across the Atlantic Ocean.
Russian company to buy PV production equipment from Meyer Burger
Russia’s largest integrated solar company, Hevel LLC, has placed an order for CHF 22 million (USD22.5 million) of production equipment that covers the entire PV value chain from Meyer Burger.
PV to be 1 of 3 dominant sources of energy, according to Reuters
Thompson Reuters predicts that solar PV, hydro power, and nuclear fusion will be the three dominant sources of energy over the next three decades, in its report Powering the Planet 2045.
Solar industry set for renewed oversupply and shakeout
Research from IHS Technology forecasts that there will be a new period of oversupply in the solar industry, due to a sharp drop in global demand, which will cause a shakeout in the industry.
Five takeaways from SNEC 2016
The 10th annual SNEC trade show in Shanghai opened its doors one week ago today, attracting huge crowds to the 150,000 square meter complex with around 1,500 exhibitors. The event saw the debut of pv magazines Solar Superheroes, who were a major talking point as they roamed the trade show floor performing martial arts routines, which represented their battle against their nemesis Coal.
Dow seeks further opportunities in Chinas PV encapsulant film market
Dow Chemical Company, one of the worlds largest chemical material companies, expressed an ambition of becoming a supplier of materials for the encapsulation and protection of PV cells within modules, particularly targeting the ever expanding PV market in China.
Australia brown coal warriors switch to solar, disruptive technologies
Former Australian boss of GDF Suez, Tony Concannon, has now re-emerged as the chief executive of Reach Solar, while former head of Energy Australia, Richard McIndoe,has since emerged as the executive chairman of Edge Electrons.
